IDACORP, Inc.
- Open
- 150.72
- Day high
- 151.71
- Day low
- 150.13
- Prev close
- 151.30
- Volume
- 97K
- Mkt cap
- $8.5B
- P/E (TTM)
- 25.0
- EPS (TTM)
- $6.03
- P/B
- 2.3
- P/S
- 4.7
- Yield
- 2.29%
- Per share
- $3.50
- ▼Insiders net selling -$424K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
IDACORP, Inc. (IDA) is a Utilities company listed on NYSE. The stock is up 32% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
IDACORP, Inc. (IDA) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
IDA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $1.12 | $1.21 | +8.0% | $417M | -4.6% |
| Feb 19, 2026 | $0.74 | $0.78 | +5.4% | $405M | -6.9% |
| Oct 30, 2025 | $2.23 | $2.26 | +1.3% | $524M | -1.6% |
| Jul 31, 2025 | $1.76 | $1.76 | +0.0% | $451M | -32.0% |
| May 1, 2025 | $1.03 | $1.10 | +6.8% | $432M | -9.7% |
| Feb 20, 2025 | $0.63 | $0.70 | +11.1% | $398M | -9.7% |
| Oct 31, 2024 | $2.18 | $2.12 | -2.8% | $529M | +15.6% |
| Aug 1, 2024 | $1.37 | $1.71 | +24.8% | $448M | +1.8% |
| May 2, 2024 | $1.16 | $0.95 | -18.1% | $447M | +15.6% |
| Feb 15, 2024 | $0.60 | $0.61 | +1.7% | $412M | +53.0% |
| Nov 2, 2023 | $1.98 | $2.07 | +4.5% | $511M | +24.4% |
| Aug 3, 2023 | $1.24 | $1.35 | +8.9% | $414M | +17.1% |
IDA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 11, 2026 | Richins Adam Jofficer: EVP and COO (IPC) | Sell | 1,500 | $142.03 |
| Jun 1, 2026 | Hanchey James Bo Dofficer: VP of Cust Op & CSO (IPC) | Sell | 1,500 | $140.95 |
| Jun 1, 2026 | Miller Sharon L.director | Grant | 689 | — |
| Mar 4, 2026 | Tatum Timothy Eofficer: VP Regulatory Affairs (IPC) | Sell | 1,479 | $142.51 |
| Mar 3, 2026 | MORRIS SUSANdirector | Grant | 1,007 | — |
| Mar 3, 2026 | Johnson Dennis Ldirector | Grant | 1,007 | — |
| Mar 3, 2026 | Madison Scott Wdirector | Grant | 1,007 | — |
| Mar 3, 2026 | Jorgensen Natedirector | Grant | 1,007 | — |
| Mar 3, 2026 | Elg Annette Gdirector | Grant | 1,007 | — |
| Mar 3, 2026 | Bolano Odette Cdirector | Grant | 1,007 | — |
| Mar 3, 2026 | Kennedy Michael J.director | Grant | 1,007 | — |
| Mar 3, 2026 | Peters Mark Tdirector | Grant | 1,007 | — |
| Feb 24, 2026 | Colburn Mitchel Dofficer: VP of Plan, Eng, & Const (IPC) | Sell | 1,300 | $142.65 |
| Feb 24, 2026 | Tatum Timothy Eofficer: VP Regulatory Affairs (IPC) | Grant | 2,019 | — |
| Feb 24, 2026 | Hilton Julia Aofficer: VP and General Counsel | Tax | 315 | $139.89 |
Source: IDA SEC Form 4 filings, latest Jun 11, 2026. For informational purposes only — not investment advice.
See the full IDA insider & 13F page →IDACORP, Inc. company profile
Overview
IDACORP, Inc. (NYSE:IDA) is a regulated electric utility holding company founded in 1915 and headquartered in Boise, Idaho. The company primarily operates through its subsidiary Idaho Power Company, which serves approximately 650,000 customers across southern Idaho and eastern Oregon. IDACORP has evolved from a regional hydroelectric utility into a diversified energy provider that maintains a significant hydropower foundation while transitioning toward renewable energy sources and modernizing its grid infrastructure to support rapid customer and load growth in its service territory.
Business
IDACORP operates as a regulated electric utility that generates, transmits, and distributes electricity to residential, commercial, and industrial customers. The electric utility industry is heavily regulated by state public utility commissions, which approve rates that utilities can charge customers and oversee major capital investments to ensure they are prudent and beneficial to ratepayers. The company's generation portfolio consists of multiple energy sources. Hydroelectric power forms the backbone of IDACORP's generation, with 17 hydropower plants located in southern Idaho and eastern Oregon that can produce between 6.5-8.5 million megawatt hours annually depending on water conditions. Hydroelectric generation uses flowing water to turn turbines that generate electricity, providing clean, renewable energy that varies with seasonal water availability and snowpack levels. IDACORP also operates three natural gas-fired power plants in southern Idaho, which provide flexible generation that can quickly ramp up or down to meet electricity demand when hydropower is insufficient. The company holds ownership interests in two coal-fired plants located in Wyoming and Nevada, though it is actively transitioning away from coal by converting units to natural gas and planning complete coal exit by 2030. The company's transmission and distribution infrastructure includes approximately 4,843 pole-miles of high-voltage transmission lines that carry electricity over long distances, plus 28,570 pole-miles of distribution lines that deliver power directly to customers' homes and businesses. This extensive grid infrastructure requires constant maintenance and expansion to serve growing customer demand. IDACORP serves diverse customer segments including residential households, commercial businesses in sectors like food processing and healthcare, and large industrial customers in manufacturing, agriculture, data centers, and mining. The company has committed to achieving 100% clean energy by 2045 and is actively adding solar, wind, and battery storage resources to its generation mix.
Revenue model
IDACORP generates revenue primarily through regulated utility rates approved by state public utility commissions in Idaho and Oregon. Customers pay monthly bills based on their electricity consumption measured in kilowatt-hours, with rates structured to recover the company's costs of generating, transmitting, and distributing electricity plus an allowed return on invested capital. The company's revenue streams include retail electricity sales to residential, commercial, and industrial customers, which represent the majority of revenues. Transmission wheeling revenues come from allowing other utilities to use IDACORP's transmission lines to move electricity across the regional grid. The company also earns revenue from wholesale electricity sales when it has excess generation capacity. IDACORP's profitability depends heavily on several key factors. Customer growth is currently a major positive driver, with the service territory experiencing 2.6% annual customer growth and projected retail sales growth of 8.3% annually over the next five years. This growth is driven by economic expansion in food processing, manufacturing, data centers, and population migration to Idaho and Oregon. Hydropower conditions significantly impact margins since hydroelectric generation has very low operating costs compared to natural gas plants. Years with good snowpack and water availability boost profitability, while dry conditions require more expensive thermal generation. Natural gas prices directly affect operating costs when the company must run its gas-fired plants or purchase power from wholesale markets. Regulatory approval of rate increases is crucial for maintaining profitability as the company invests heavily in infrastructure. IDACORP must regularly file rate cases to recover costs of new generation, transmission, and distribution investments. Construction and labor cost inflation pressures margins if not recovered through timely rate adjustments. The company's ability to earn its allowed return on equity depends on minimizing regulatory lag between when investments are made and when they are reflected in customer rates.
Competitive moat
IDACORP operates within a regulated utility monopoly framework that provides a substantial economic moat. The company holds exclusive franchises to serve customers in its defined service territories in southern Idaho and eastern Oregon, meaning customers cannot choose alternative electricity providers. This monopoly status is protected by state regulation and creates predictable, stable cash flows. The company's hydroelectric generation portfolio provides a significant competitive advantage and natural moat. Hydropower facilities have extremely long useful lives (often 50-100 years), very low operating costs once built, and produce clean energy without fuel costs. IDACORP's 17 hydroelectric plants represent irreplaceable assets in prime locations that would be virtually impossible for competitors to replicate due to environmental regulations and limited suitable sites. The company's extensive transmission and distribution infrastructure creates high barriers to entry, as building duplicate electric grid infrastructure would require massive capital investment and extensive regulatory approvals. The integrated nature of the electric grid makes it economically impractical to have competing systems. However, IDACORP faces some moat erosion risks. Distributed generation like rooftop solar allows some customers to reduce their dependence on the utility grid, though net metering policies help mitigate this impact. Large industrial customers with significant electricity needs might eventually consider alternative arrangements, though current regulatory frameworks limit these options. The company's moat strength is moderate to strong in the near term due to regulatory protection and infrastructure advantages, but faces long-term challenges from technological change and evolving energy markets. The transition to renewable energy sources and potential for grid modernization could create new competitive dynamics, though IDACORP's hydroelectric base and service territory growth provide defensive characteristics.
Risks & safety
IDACORP demonstrates a moderate margin of safety with manageable financial risks but elevated capital intensity requiring careful monitoring. • Debt and Solvency: Debt-to-equity ratio of 1.03 is elevated but typical for utilities. Total liabilities of $6.2 billion against $9.6 billion in assets. Strong cash flow from operations of $594 million in 2024 provides debt service coverage. • Cash Position: Cash and short-term investments of $369 million provides adequate liquidity. However, negative free cash flow of -$415 million in 2024 reflects heavy capital investment program. • Valuation Metrics: Trading at 19.9x P/E ratio and 1.7x book value, which is reasonable for a growing utility. EV/EBITDA of 12.6x is within normal utility ranges. • Capital Requirements: Company projects $5.6 billion in capital expenditures over next five years, requiring $1.4 billion in equity and $2.2 billion in debt financing. This creates execution risk and potential dilution. • Regulatory Risk: Earnings depend on timely rate case approvals. Current ROE of 8.7% is below allowed levels, indicating regulatory lag pressure. • Operational Risks: Hydropower generation variability creates earnings volatility. Wildfire risks in service territory require ongoing mitigation investments.
Recent development
IDACORP has undergone significant strategic transformation over the past few years, positioning itself for substantial growth while transitioning to cleaner energy sources. The company has dramatically increased its capital investment program, with capital expenditures rising from approximately $432 million in 2022 to a projected $1.1 billion annually through 2029, representing a 46% increase in its five-year forecast. The company is executing an ambitious clean energy transition, committing to achieve 100% clean energy by 2045. This includes converting its remaining coal-fired units at the Jim Bridger plant to natural gas by 2028, adding nearly 200 megawatts of solar and battery storage in 2024, and selecting additional wind, solar, and battery projects through competitive RFP processes. Notably, IDACORP is developing its first company-owned wind project, a 600-megawatt facility in Wyoming. Load growth acceleration has been a defining development, with the company raising its retail sales growth forecast to 8.3% annually over the next five years, driven by large industrial customers including data centers, food processing facilities, and manufacturing operations. Major customers like Meta, Micron, Chobani, and Tractor Supply Company have announced significant facility expansions in IDACORP's service territory. The company has modernized its regulatory approach, filing more frequent rate cases to reduce regulatory lag and implementing mechanisms like the Accelerated Depreciation of Investment Tax Credits (ADITC) to better align earnings with investments. IDACORP has also adapted to new regulatory requirements, including implementing public safety power shutoff capabilities and enhanced wildfire mitigation measures. Grid modernization and resilience investments have accelerated, including major transmission projects like the Boardman to Hemingway line and Gateway West transmission development. The company has also invested heavily in battery storage systems and grid hardening to improve system reliability and integrate renewable resources.
IDA company profile · for informational purposes only — not investment advice.
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