What were IDACORP's earnings in Q1 2026?

Diluted EPS was $1.21, compared to $1.10 in Q1 2025.

What drove IDACORP's earnings growth in Q1?

Rate increases and customer growth were the main drivers, despite mild weather negatively impacting consumption.

Did IDACORP provide future guidance?

The company did not provide specific guidance during the earnings call.

IDACORP Q1 2026 Earnings: EPS Rises to $1.21

Q: How did weather affect IDACORP's performance?

Unusually mild weather reduced heating demand, negatively impacting electricity consumption in residential and commercial sectors.

IDACORP (NYSE:IDA) announced first-quarter 2026 diluted earnings of $1.21 per share, compared to $1.10 in the prior-year quarter, benefiting from rate hikes and customer expansion.

IDACORP (NYSE:IDA) reported first-quarter 2026 diluted earnings of $1.21 per share, up from $1.10 in the same quarter last year. The utility benefited from rate increases and customer growth, although unusually mild weather dampened usage in key customer classes.

Key Financial Results

Metric	Q1 2026	Q1 2025	Change
Diluted EPS	$1.21	$1.10	+10%

Note: Total revenue and net income were not disclosed in the call.

Highlights from the Call

Amy Shaw, vice president of finance, noted that the company benefited from recently implemented rate increases and an expanding customer base. However, mild weather during the quarter reduced heating demand, negatively impacting electricity consumption in residential and commercial segments.

Guidance

The company did not provide specific guidance for the upcoming period during the call.

Stock Impact

No immediate stock reaction was reported following the announcement, but the positive year-over-year earnings growth may support investor confidence.

What This Means for Investors

IDACORP's results reflect stable earnings growth supported by regulatory factors and customer expansion, despite weather-related challenges. Investors may monitor future rate developments and weather impacts on performance.