IDACORP, Inc. (IDA) Earnings Call Transcripts
IDACORP, Inc.'s Latest Earnings Call - May 21, 2026
In the first quarter of fiscal year 2026, IDACORP, Inc. reported strong financial performance, achieving its 18th consecutive year of earnings growth. The company highlighted a revenue increase driven by robust customer growth, particularly from large industrial projects, and maintained its commitment to affordability with rates significantly lower than the national average. Management indicated a substantial increase in capital expenditures (CapEx) to $7 billion over the next five years, reflecting a 26% increase from prior forecasts, signaling confidence in future growth despite ongoing inflationary pressures.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $1.4B (beat) |
| EPS | $3.50 (beat) |
| CapEx | $7B (positive) |
| Customer Growth | 2.3% (beat) |
| Dividend Growth | 2.3% (positive) |
| Rate Base | $5.3B (positive) |
Guidance from management
Management maintained its guidance for 2026, indicating no plans to file a general rate case and projecting continued customer growth and industrial revenue increases. They expect CapEx to remain elevated at $1.4 billion annually over the next five years.
What analysts pressed on
Analysts expressed concerns regarding inflationary pressures and their potential impact on operating costs and project timelines. There were also questions about how the company plans to balance growth with maintaining affordability for existing customers amidst rising demand from large industrial clients.
Main topics on the call
- Earnings Growth — IDACORP achieved its 18th consecutive year of earnings per share growth, demonstrating resilience and operational effectiveness. Management stated, "The customer growth, constructive regulatory outcomes and our Idaho ear...
- Customer Growth — The customer base grew by 2.3% in 2025, now serving over 660,000 customers. Management noted, "The growth across our region is robust, and it's happening across most customer classes, spurred by extensive residential, co...
- Capital Expenditure Increase — IDACORP plans to spend approximately $1.4 billion per year on average over the next five years, totaling $7 billion, which is a 26% increase compared to prior forecasts. Management emphasized the need for infrastructure ...
- Affordability Focus — Management reiterated their commitment to keeping rates 20% to 30% lower than the national average, with a slower rate increase compared to peers. They stated, "Our rates are also increasing at a slower pace than many ot...
Read the full IDACORP, Inc. transcript (May 21, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About IDACORP, Inc.
IDACORP, Inc. (IDA) is a publicly listed company in the Electric Utilities industry, within the Utilities sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 36 calls on record spanning February 20, 2020 to July 30, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 36 IDACORP, Inc. earnings call transcripts on record, spanning February 20, 2020 to July 30, 2026. Based on this history, IDACORP, Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- IDA
- Exchange
- NYSE
- Country
- US
- Sector
- Utilities
- Industry
- Electric Utilities
- Calls on record
- 36
- First call
- February 20, 2020
- Most recent
- July 30, 2026
- Reporting cadence
- quarterly