Idacorp (IDA)


Market Price (10/6/2026): $131.68 | Market Cap: $7.3 BilSector: Utilities | Industry: Electric Utilities

Idacorp (IDA)


Market Price (10/6/2026): $131.68
Market Cap: $7.3 Bil
Sector: Utilities
Industry: Electric Utilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%

Low stock price volatility
Vol 12M is 18%

Megatrend and thematic drivers
Megatrends include Smart Grids & Grid Modernization, Renewable Energy Transition, and Electrification of Everything. Themes include Grid Automation, Show more.

Weak multi-year price returns
3Y Excs Rtn is -28%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 53%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.4%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -54%

Key risks
IDA key risks include [1] potential non-recovery of its projected $5.6 billion in capital spending, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%
2 Low stock price volatility
Vol 12M is 18%
3 Megatrend and thematic drivers
Megatrends include Smart Grids & Grid Modernization, Renewable Energy Transition, and Electrification of Everything. Themes include Grid Automation, Show more.
4 Weak multi-year price returns
3Y Excs Rtn is -28%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 53%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.4%
7 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -54%
8 Key risks
IDA key risks include [1] potential non-recovery of its projected $5.6 billion in capital spending, Show more.

IDA in ETFs

Weight = IDA's share of each fund

VTI0.01%
ITOT0.01%
IWB0.01%
IJH0.23%
VIG0.03%
VYM0.03%
VB0.09%
DVY0.62%
+20 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/1/2026

Idacorp (IDA) stock has lost about 10% since 6/30/2026 because of the following key factors:

1. IDACORP reported lower-than-expected revenue for fiscal Q2 2026, which ended June 30, 2026. The company announced second-quarter revenue of $469.80 million on July 30, 2026, missing analysts' consensus estimate of $511.87 million by approximately 8.2%, despite a slight beat on earnings per share. This revenue shortfall likely contributed to investor concern.

2. Regulatory uncertainty arose regarding the cost recovery for significant capital projects due to a recommendation to deny Allowance for Funds Used During Construction (AFUDC). Commission staff recommended denying AFUDC on two major projects, which creates uncertainty over how IDACORP will recover costs for its planned capital expenditures of $6.3 billion to $7.2 billion between 2026 and 2030. This introduces material timing and execution risk for the company's future earnings.

Show more
Updated on 10/1/2026

Idacorp (IDA) stock has lost about 10% since 6/30/2026 because of the following key factors:

1. IDACORP reported lower-than-expected revenue for fiscal Q2 2026, which ended June 30, 2026. The company announced second-quarter revenue of $469.80 million on July 30, 2026, missing analysts' consensus estimate of $511.87 million by approximately 8.2%, despite a slight beat on earnings per share. This revenue shortfall likely contributed to investor concern.

2. Regulatory uncertainty arose regarding the cost recovery for significant capital projects due to a recommendation to deny Allowance for Funds Used During Construction (AFUDC). Commission staff recommended denying AFUDC on two major projects, which creates uncertainty over how IDACORP will recover costs for its planned capital expenditures of $6.3 billion to $7.2 billion between 2026 and 2030. This introduces material timing and execution risk for the company's future earnings.

3. The company's substantial increase in capital expenditure plans, while aimed at growth, introduced concerns about financing and short-term financial metrics. IDACORP outlined capital expenditure plans that represent a 100% increase over historical levels to address surging industrial demand and customer growth. Such a significant ramp-up in spending can strain free cash flow, which was negative $216 million in fiscal Q4 2025, and increase debt, potentially making the stock less attractive to some investors.

4. Several analyst firms issued price target reductions or rating downgrades during the period. Following the fiscal Q2 2026 earnings report, Barclays reduced its price objective for IDACORP from $167.00 to $162.00 on August 3, 2026, while Morgan Stanley lowered its price target from $156.00 to $151.00, and later to $143.00, in the weeks leading up to September 2026. These revisions in analyst outlooks likely contributed to negative sentiment and downward pressure on the stock price.

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Stock Movement Drivers

Fundamental Drivers

The -12.4% change in IDA stock from 6/30/2026 to 10/5/2026 was primarily driven by a -13.0% change in the company's P/E Multiple.
(LTM values as of)630202610052026Change
Stock Price ($)150.38131.73-12.4%
Change Contribution By: 
Total Revenues ($ Mil)1,7841,8031.1%
Net Income Margin (%)18.6%18.8%1.0%
P/E Multiple24.921.7-13.0%
Shares Outstanding (Mil)5556-1.4%
Cumulative Contribution-12.4%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/5/2026
ReturnCorrelation
IDA-12.4% 
Market (SPY)3.8%8.7%
Sector (XLU)-11.8%77.5%

Fundamental Drivers

The -6.7% change in IDA stock from 3/31/2026 to 10/5/2026 was primarily driven by a -8.8% change in the company's P/E Multiple.
(LTM values as of)331202610052026Change
Stock Price ($)141.25131.73-6.7%
Change Contribution By: 
Total Revenues ($ Mil)1,8131,803-0.6%
Net Income Margin (%)17.8%18.8%5.3%
P/E Multiple23.821.7-8.8%
Shares Outstanding (Mil)5456-2.3%
Cumulative Contribution-6.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/5/2026
ReturnCorrelation
IDA-6.7% 
Market (SPY)19.4%-3.8%
Sector (XLU)-12.3%79.9%

Fundamental Drivers

The 2.3% change in IDA stock from 9/30/2025 to 10/5/2026 was primarily driven by a 10.8% change in the company's Net Income Margin (%).
(LTM values as of)930202510052026Change
Stock Price ($)128.82131.732.3%
Change Contribution By: 
Total Revenues ($ Mil)1,8101,803-0.4%
Net Income Margin (%)17.0%18.8%10.8%
P/E Multiple22.721.7-4.5%
Shares Outstanding (Mil)5456-2.9%
Cumulative Contribution2.3%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/5/2026
ReturnCorrelation
IDA2.3% 
Market (SPY)17.3%1.6%
Sector (XLU)-6.4%74.3%

Fundamental Drivers

The 53.9% change in IDA stock from 9/30/2023 to 10/5/2026 was primarily driven by a 36.5% change in the company's P/E Multiple.
(LTM values as of)930202310052026Change
Stock Price ($)85.59131.7353.9%
Change Contribution By: 
Total Revenues ($ Mil)1,7841,8031.0%
Net Income Margin (%)15.3%18.8%22.7%
P/E Multiple15.921.736.5%
Shares Outstanding (Mil)5156-9.1%
Cumulative Contribution53.9%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/5/2026
ReturnCorrelation
IDA53.9% 
Market (SPY)87.5%15.5%
Sector (XLU)47.3%70.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
IDA Return21%-2%-6%15%19%7%64%
Peers Return26%0%-1%5%18%4%61%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
IDA Win Rate58%42%50%67%67%50% 
Peers Win Rate58%55%53%55%60%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
IDA Max Drawdown-10%-19%-20%-12%-9%-17% 
Peers Max Drawdown-15%-24%-26%-14%-12%-13% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: POR, AVA, NWE, OTTR, BKH. See IDA Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/5/2026 (YTD)

How Low Can It Go

EventIDAS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-14.1%-9.5%
  % Gain to Breakeven16.5%10.5%
  Time to Breakeven304 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-13.6%-24.5%
  % Gain to Breakeven15.7%32.4%
  Time to Breakeven44 days427 days
2020 COVID-19 Crash
  % Loss-33.6%-33.7%
  % Gain to Breakeven50.5%50.9%
  Time to Breakeven508 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-10.5%-12.2%
  % Gain to Breakeven11.8%13.9%
  Time to Breakeven26 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-14.2%-17.9%
  % Gain to Breakeven16.6%21.8%
  Time to Breakeven74 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-11.6%-15.4%
  % Gain to Breakeven13.2%18.2%
  Time to Breakeven44 days125 days

Compare to POR, AVA, NWE, OTTR, BKH

In The Past

Idacorp's stock fell -0.2% during the 2025 US Tariff Shock. Such a loss loss requires a 0.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventIDAS&P 500
2020 COVID-19 Crash
  % Loss-33.6%-33.7%
  % Gain to Breakeven50.5%50.9%
  Time to Breakeven508 days140 days
2008-2009 Global Financial Crisis
  % Loss-38.2%-53.4%
  % Gain to Breakeven61.7%114.4%
  Time to Breakeven310 days1085 days

Compare to POR, AVA, NWE, OTTR, BKH

In The Past

Idacorp's stock fell -0.2% during the 2025 US Tariff Shock. Such a loss loss requires a 0.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Idacorp (IDA)

IDACORP, Inc. (IDA) is a diversified electric utility company that primarily generates, transmits, distributes, purchases, and sells electric energy. The company operates a robust and varied power generation portfolio, including 17 hydropower plants, three natural gas-fired plants, and interests in two coal-fired plants. This comprehensive infrastructure, located across southern Idaho, eastern Oregon, Wyoming, and Nevada, ensures the reliable delivery of electricity through thousands of miles of high-voltage transmission and distribution lines, supported by a network of substations.

The company's main service is providing essential electric utility services to approximately 604,000 retail customers primarily in southern Idaho and eastern Oregon. Beyond residential consumers, IDACORP serves a broad range of commercial and industrial customers across key sectors such as food processing, electronics and general manufacturing, agriculture, healthcare, government, and education. Additionally, IDACORP strategically invests in housing and other real estate tax credit projects, complementing its core utility operations.

AI Analysis | Feedback

  • IDA is like Comcast, but for electricity in Idaho.
  • IDA is the American Water Works (AWK) of electricity for Idaho and Oregon.
  • IDA is a regional electric utility akin to a smaller Duke Energy (DUK).

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  • Electric Utility Services: Provides generation, transmission, distribution, purchase, and sale of electric energy to retail customers in southern Idaho and eastern Oregon.
  • Real Estate Investments: Invests in housing and other real estate tax credit ventures.

AI Analysis | Feedback

IDACORP (IDA) primarily serves three main categories of customers:

  1. Retail Customers: These are individual residential customers and households in southern Idaho and eastern Oregon. As of December 31, 2021, IDACORP provided electric utility services to approximately 604,000 retail customers.

  2. Commercial Customers: This category includes various businesses such as those involved in health care, government, education, and other general commercial operations.

  3. Industrial Customers: This segment comprises larger-scale enterprises and facilities, including those involved in food processing, electronics and general manufacturing, and agriculture.

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Lisa A. Grow
President and Chief Executive Officer

Lisa Grow has served as President and Chief Executive Officer of IDACORP and Idaho Power since June 1, 2020. She was appointed to the IDACORP and Idaho Power Company Boards of Directors in February 2020. Grow's career with Idaho Power began in 1987, encompassing diverse engineering and management roles, including Senior Vice President and Chief Operating Officer. She holds a Bachelor of Science degree in electrical engineering from the University of Idaho and an MBA from Boise State University. Grow chairs the St. Luke's Health System Board of Directors and the Federal Reserve Bank of San Francisco's Salt Lake City Branch Board of Directors, and was recently appointed to the American Water Works Company Board of Directors.

Brian R. Buckham
Executive Vice President, Chief Financial Officer, and Treasurer

Brian R. Buckham assumed the role of Executive Vice President, Chief Financial Officer, and Treasurer in February 2026. He previously served as Senior Vice President and Chief Financial Officer of IDACORP and Idaho Power since March 2022, and as Senior Vice President and General Counsel since March 2017. Buckham joined Idaho Power in 2010. Before joining the company, he was an attorney focusing on securities, mergers and acquisitions, corporate governance, and commercial transactions at Davis Wright Tremaine LLP and Greenberg Traurig LLP. Buckham earned a bachelor's degree in mining engineering from the University of Idaho, an MBA from Gonzaga University, and a Juris Doctor, summa cum laude, from the University of Idaho College of Law.

Adam J. Richins
Executive Vice President and Chief Operating Officer

Adam J. Richins was named Executive Vice President and Chief Operating Officer in February 2026, having served as Senior Vice President and Chief Operating Officer of Idaho Power since October 2019. He joined Idaho Power in 2011, initially as Senior Counsel in the legal department, and has held positions such as General Manager of Customer Operations Engineering and Construction and Vice President of Customer Operations and Business Development. Prior to his time at Idaho Power, Richins worked as an engineer and project manager on large construction projects and as an attorney at Stoel Rives, LLP.

Jeffrey L. Malmen
Senior Vice President, Public Affairs

Jeffrey L. Malmen has been Senior Vice President of Public Affairs for IDACORP and Idaho Power since April 2016. He joined the company in December 2007 as Senior Manager of Governmental Affairs. Before joining Idaho Power, Malmen had a 21-year career in state and federal service, including serving as chief of staff for Idaho Governors C. L. "Butch" Otter and Phil Batt, and as administrator of the Division of Financial Management for Idaho Governor Dirk Kempthorne. He is a past chairman of the Idaho Association of Commerce and Industry and past president of the Idaho Liability Reform Coalition. Malmen also serves on the board of the Idaho Mining Association and Perpetua Resources Corp.

Amy I. Shaw
Vice President, Finance, Compliance, and Risk

Amy I. Shaw assumed the role of Vice President, Finance, Compliance, and Risk for IDACORP and Idaho Power in January 2024. Her career at Idaho Power includes senior management positions in compliance, risk, and corporate security, after starting with the company as an accountant and auditor. Before joining Idaho Power, Shaw was an auditor for Deloitte. She holds a Bachelor of Science degree in business from the University of Idaho.

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Key Risks to Idacorp (IDA)

  1. Regulatory Challenges and Capital Investment Recovery: Idacorp faces significant risks related to its substantial capital spending plan aimed at modernizing its grid and meeting growing energy demand. A primary concern is the potential for regulatory lag, where there is a delay between the company's investments in infrastructure and receiving approval from regulators to adjust rates to recover these costs. This could strain cash flow, impact profitability, and potentially necessitate the issuance of additional equity, leading to shareholder dilution. Furthermore, broader legislative and regulatory changes, including shifts in government policy, could materially affect the company's business strategy, operations, and financial performance.
  2. Hydrological Risk: Given Idacorp's considerable reliance on hydroelectric generating plants, the company is highly susceptible to hydrological conditions. Periods of low snowpack or drought can significantly reduce the output from its hydropower facilities, forcing Idacorp to purchase more expensive power from the open market to meet customer demand, thereby negatively impacting its profitability.
  3. Cybersecurity Risks: As an operator of critical energy infrastructure, Idacorp is exposed to heightened cybersecurity risks. The company has observed an increase in the frequency and sophistication of attempts to gain unauthorized access to its systems and confidential information. While no material impacts from cybersecurity incidents have been reported to date, the potential for future threats remains a significant concern, capable of disrupting operations, compromising data, and damaging the company's reputation.
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AI Analysis | Feedback

The increasing adoption of distributed energy resources, such as rooftop solar and battery storage, by customers which can reduce demand for grid-supplied electricity and impact traditional utility revenue models.

AI Analysis | Feedback

IDACORP, Inc. (IDA), through its primary subsidiary Idaho Power, operates as an electric utility, with its main product being the generation, transmission, distribution, purchase, and sale of electric energy.

The addressable market for IDACORP's main product is its regulated service territory, which encompasses approximately 24,000 square miles across southern Idaho and eastern Oregon, United States. Within this region, IDACORP served 647,048 total customers in 2023.

In 2023, IDACORP's total revenue from electricity activities was $1,763,488,600. Approximately 95% of Idaho Power's retail revenue originates from customers located in Idaho, with the remainder from customers in Oregon.

For a broader regional context, the total retail electricity sales in Idaho were 26,369,555 megawatt-hours (MWh) in 2024. In Oregon, the total retail electricity sales were 59,680,701 MWh in 2024. The Oregon market also saw a total of $19.5 billion spent on energy use (including all energy types) in 2022, with electricity accounting for 280 trillion BTU or 58.7 million MWh of consumption in the state during that year.

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Here are 3-5 expected drivers of future revenue growth for Idacorp (IDA) over the next 2-3 years: * **Customer Growth** IDACORP anticipates continued revenue growth driven by an expanding customer base. The company reported a 2.3% increase in its customer base in 2025, including 2.5% residential growth, bringing the total number of metered customers to over 660,000. This trend of outpacing national averages in customer growth is expected to persist in Idaho Power's service area. * **Rate Increases and Regulatory Mechanisms** Revenue growth is expected from favorable rate changes and the utilization of Idaho's regulatory mechanisms. An overall increase in Idaho base rates, effective January 1, 2025, stemming from the 2024 Idaho Limited-Issue Rate Case, contributed significantly to operating income in 2025. Management continues to focus on regulatory outcomes that allow for the recovery of costs and a return on investment. * **Capital Investment and Rate Base Expansion** IDACORP is embarking on a substantial capital expenditure program, forecasting an average of $1.4 billion per year from 2026 to 2030, totaling approximately $7 billion. This investment in infrastructure development, including projects like the Boardman-to-Hemingway transmission line, is projected to more than double the company's total system rate base from $5.3 billion in 2025 to over $11 billion by 2030. This significant expansion of the rate base, on which the utility earns a regulated return, is a primary driver of future revenue growth. * **Load Growth from Major Industrial and Commercial Customers** Increased energy consumption from large industrial and commercial customers is a key driver. IDACORP highlights continued activity from major energy-intensive projects, such as Micron's new semiconductor facility and Meta's data center, which began taking power in 2024. The company's growth projections for large load customers are based on committed projects, indicating a reliable source of increasing demand for electric energy.

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Share Issuance

  • IDACORP issued 452,256 shares in 2025 and 801,914 shares in 2024 through Forward Sale Agreements (FSAs) under its At-the-Market (ATM) offering program, with an aggregate gross sales price of $52.2 million in 2025 and $92.4 million in 2024.
  • As of December 31, 2025, $155.5 million in shares remained available for issuance through its ATM offering program.
  • The company also announced a public offering of $450 million of shares of its common stock on May 8, 2025, also involving forward sale agreements.

Outbound Investments

  • IDACORP's subsidiary, Idaho Power, entered into a definitive asset purchase agreement to sell its distribution system and some transmission assets in Oregon for a base purchase price of $154 million.

Capital Expenditures

  • Capital expenditures for 2025 exceeded $1 billion.
  • Expected capital expenditures for 2026 are projected to be between $1.3 billion and $1.5 billion.
  • The updated five-year capital expenditure forecast for 2026-2030 is approximately $7 billion, averaging $1.4 billion annually, which is double the average annual spend of about $700 million for the past five years. These investments are primarily focused on infrastructure development, grid modernization, supporting customer and industrial growth, and adding new generation resources such as solar, battery storage, and natural gas.

Better Bets vs. Idacorp (IDA)

Peer Outperformance in Electric Utilities

IDA has outperformed 65% of its 23 Electric Utilities peers over 5Y. Among the peers that beat it are ETR and OTTR. Electric Utilities ranks 2nd of 6 industries in Utilities by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Electric Utilities constituents that IDA has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
54%
of 24 industry peers · 2.1% return
3Y
71%
of 24 industry peers · 51.1% return
5Y
65%
of 23 industry peers · 44.4% return
Electric Utilities peers with revenue growth within 4pp of IDA's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
IDA Idacorp 0.4% 21.7x 2.1%51.1%44.4% —
ETR Entergy 0.7% 25.4x 8.3%141.6%135.1% +91pp
OTTR Otter Tail -1.1% 19.0x 13.7%28.0%70.6% +26pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Utilities sector, ranked by 5Y. Electric Utilities is IDA's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Independent Power Producers & Energy Traders 5 -24.3%108.7%169.6% HNRG 307% · OKLO 267% · NRG 170%
Electric Utilities ← 24 -0.8%44.3%37.5% VST 798% · GNE 176% · ETR 135%
Gas Utilities 10 0.0%48.9%36.5% ATO 98% · NJR 65% · NFG 59%
Multi-Utilities 18 -0.9%49.0%35.0% MDU 89% · NI 89% · OGE 67%
Water Utilities 11 1.8%2.4%-15.2% CWCO 188% · AWR 3% · ARTNA 1%
Renewable Electricity 5 -65.0%-63.2%-88.9% ORA 35% · CWEN 21% · VGAS -89%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

IDAPORAVANWEOTTRBKHMedian
NameIdacorp Portland.Avista NorthWes.Otter Ta.Black Hi. 
Mkt Price131.6844.4035.1368.7388.3670.4869.61
Mkt Cap7.35.12.94.23.75.34.7
Rev LTM1,8033,5341,9191,6911,3152,2991,861
Op Inc LTM410497360319329549385
FCF LTM-973-189-104-192-79-305-191
FCF 3Y Avg-566-405-73-15145-80-115
CFO LTM4801,039546416409628513
CFO 3Y Avg545887494410414701519

Growth & Margins

IDAPORAVANWEOTTRBKHMedian
NameIdacorp Portland.Avista NorthWes.Otter Ta.Black Hi. 
Rev Chg LTM-0.4%1.3%-1.8%10.7%0.3%2.5%0.8%
Rev Chg 3Y Avg0.4%7.9%3.8%4.1%-1.1%-3.3%2.1%
Rev Chg Q4.2%0.9%0.5%14.6%0.4%3.1%2.0%
QoQ Delta Rev Chg LTM1.1%0.2%0.1%3.0%0.1%0.6%0.4%
Op Inc Chg LTM24.1%-4.4%8.1%-7.7%-7.6%4.3%-0.1%
Op Inc Chg 3Y Avg7.6%10.4%22.0%5.8%-2.3%7.1%7.4%
Op Mgn LTM22.8%14.1%18.8%18.8%25.0%23.9%20.8%
Op Mgn 3Y Avg19.4%14.6%17.1%21.1%27.1%23.6%20.3%
QoQ Delta Op Mgn LTM1.4%0.1%-0.2%-0.4%-1.4%0.5%-0.1%
CFO/Rev LTM26.6%29.4%28.5%24.6%31.1%27.3%27.9%
CFO/Rev 3Y Avg30.1%25.8%25.6%26.3%31.1%31.7%28.2%
FCF/Rev LTM-54.0%-5.3%-5.4%-11.4%-6.0%-13.3%-8.7%
FCF/Rev 3Y Avg-31.3%-12.2%-3.8%-9.6%3.3%-3.3%-6.7%

Valuation

IDAPORAVANWEOTTRBKHMedian
NameIdacorp Portland.Avista NorthWes.Otter Ta.Black Hi. 
Mkt Cap7.35.12.94.23.75.34.7
P/S4.11.51.52.52.82.32.4
P/Op Inc17.910.38.113.311.39.710.8
P/EBIT13.69.67.512.614.89.511.1
P/E21.720.012.924.719.017.919.5
P/CFO15.34.95.310.29.18.58.8
Total Yield7.2%9.6%13.3%7.9%7.8%9.5%8.7%
Dividend Yield2.6%4.6%5.5%3.9%2.5%3.9%3.9%
FCF Yield 3Y Avg-8.4%-8.7%-2.5%-4.2%1.3%-1.4%-3.4%
D/E0.51.01.10.90.30.80.8
Net D/E0.51.01.10.80.30.80.8

Returns

IDAPORAVANWEOTTRBKHMedian
NameIdacorp Portland.Avista NorthWes.Otter Ta.Black Hi. 
1M Rtn-3.0%-7.9%-6.4%-2.9%-1.6%-3.7%-3.3%
3M Rtn-12.3%-13.6%-12.5%-0.4%-1.7%-1.4%-7.0%
6M Rtn-7.9%-14.6%-12.2%2.8%1.1%0.8%-3.5%
12M Rtn2.0%7.5%-0.3%23.7%13.7%21.7%10.6%
3Y Rtn51.0%25.2%27.9%61.1%27.9%65.9%39.5%
1M Excs Rtn-3.6%-9.0%-7.0%-3.4%-1.4%-4.2%-3.9%
3M Excs Rtn-16.2%-18.2%-17.3%-5.5%-5.7%-6.5%-11.3%
6M Excs Rtn-25.4%-32.2%-29.7%-14.7%-16.5%-16.8%-21.1%
12M Excs Rtn-13.3%-7.6%-15.4%9.5%-2.0%6.8%-4.8%
3Y Excs Rtn-27.6%-55.9%-53.5%-16.0%-58.8%-22.0%-40.6%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Utility Operations1,8101,8231,7631,6411,455
All Other34333
Eliminations00000
Total1,8131,8271,7661,6441,458


Operating Income by Segment
$ Mil20252024202320222021
Utility Operations355328313327330
Eliminations00000
All Other-1-0000
Total354328313327330


Net Income by Segment
$ Mil20252024202320222021
Utility Operations316281257255243
All Other89442
Eliminations00000
Total323289261259246


Assets by Segment
$ Mil20252024202320222021
Utility Operations10,0378,9678,3247,4116,991
All Other262350229246282
Eliminations-73-78-76-114-62
Total10,2259,2398,4767,5437,211


Price Behavior

Price Behavior
Market Price$131.73 
Market Cap ($ Bil)7.3 
First Trading Date10/17/1986 
Distance from 52W High-14.2% 
   50 Days200 Days
DMA Price$137.03$138.64
DMA Trendindeterminatedown
Distance from DMA-3.9%-5.0%
 3M1YR
Volatility16.6%17.8%
Downside Capture72.433.69
Upside Capture-7.915.37
Correlation (SPY)10.6%2.0%
IDA Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.280.260.13-0.060.020.18
Up Beta-0.650.27-0.17-0.020.080.22
Down Beta0.50-0.140.86-0.17-0.080.14
Up Capture19%2%-22%-9%4%7%
Bmk +ve Days6162766132424
Stock +ve Days9182862131401
Down Capture76%87%60%8%4%26%
Bmk -ve Days16263760120328
Stock -ve Days13243664120349

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with IDA
IDA2.5%17.7%-0.02-
Sector ETF (XLU)-7.2%15.3%-0.6974.7%
Equity (SPY)16.8%13.0%0.921.7%
Gold (GLD)7.0%29.6%0.236.9%
Commodities (DBC)45.9%20.9%1.71-18.7%
Real Estate (VNQ)1.6%13.6%-0.1449.8%
Bitcoin (BTCUSD)-30.1%44.3%-0.68-6.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with IDA
IDA8.0%19.3%0.30-
Sector ETF (XLU)7.5%17.4%0.2877.5%
Equity (SPY)13.3%17.2%0.5929.2%
Gold (GLD)18.3%18.9%0.7814.2%
Commodities (DBC)10.0%19.6%0.39-0.3%
Real Estate (VNQ)0.9%18.8%-0.0656.8%
Bitcoin (BTCUSD)14.9%52.2%0.457.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with IDA
IDA8.0%21.8%0.33-
Sector ETF (XLU)7.9%19.2%0.3483.2%
Equity (SPY)15.4%17.9%0.7344.1%
Gold (GLD)11.5%16.4%0.5713.5%
Commodities (DBC)8.4%18.1%0.387.7%
Real Estate (VNQ)4.1%20.7%0.1663.6%
Bitcoin (BTCUSD)64.0%66.2%1.048.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity5.3 Mil
Short Interest: % Change Since 831202612.5%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest9.9 days
Basic Shares Quantity55.8 Mil
Short % of Basic Shares9.4%

Earnings Returns History

Updated 9/1/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2026-1.7%-0.2%-4.0%
4/30/20262.4%0.5%-2.2%
2/19/2026-2.4%0.5%-1.4%
10/30/2025-2.0%-3.3%-1.9%
7/31/20252.3%2.7%2.8%
5/1/2025-1.5%-0.8%1.5%
2/20/20250.6%3.0%3.7%
10/31/20241.3%10.0%16.9%
...
SUMMARY STATS   
# Positive131616
# Negative1188
Median Positive1.7%2.0%4.0%
Median Negative-0.6%-2.0%-2.1%
Max Positive4.7%10.0%16.9%
Max Negative-2.4%-4.1%-5.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2026-1.7%-0.2%-4.0%
4/30/20262.4%0.5%-2.2%
2/19/2026-2.4%0.5%-1.4%
10/30/2025-2.0%-3.3%-1.9%
7/31/20252.3%2.7%2.8%
5/1/2025-1.5%-0.8%1.5%
2/20/20250.6%3.0%3.7%
10/31/20241.3%10.0%16.9%
8/1/20244.7%4.0%4.8%
5/2/2024-0.6%1.8%0.4%
2/15/20242.1%2.7%4.3%
11/2/20233.0%-1.6%2.0%
8/3/2023-1.3%-4.1%-5.9%
5/4/20230.6%-0.4%-5.1%
2/16/20231.8%2.2%5.0%
11/3/2022-0.2%-2.5%6.4%
8/4/2022-0.0%1.7%0.0%
5/5/2022-0.3%0.8%0.8%
2/17/20220.7%-2.4%6.6%
10/28/20210.2%1.4%3.6%
7/29/2021-0.0%1.3%-0.2%
4/29/20211.7%2.7%-1.4%
2/18/20211.7%1.6%14.8%
10/29/2020-0.4%2.7%4.8%
SUMMARY STATS   
# Positive131616
# Negative1188
Median Positive1.7%2.0%4.0%
Median Negative-0.6%-2.0%-2.1%
Max Positive4.7%10.0%16.9%
Max Negative-2.4%-4.1%-5.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202604/30/202610-Q
12/31/202502/19/202610-K
09/30/202510/30/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202402/20/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/15/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/16/202310-K
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202604/30/202610-Q
12/31/202502/19/202610-K
09/30/202510/30/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202402/20/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/15/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/16/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q
12/31/202102/17/202210-K
09/30/202110/28/202110-Q
06/30/202107/29/202110-Q
03/31/202104/29/202110-Q
12/31/202002/18/202110-K
09/30/202010/29/202010-Q
06/30/202007/30/202010-Q
03/31/202004/30/202010-Q
12/31/201902/20/202010-K
09/30/201910/31/201910-Q

Recent Forward Guidance

Updated 10/4/2026

Latest: Q2 2026 Earnings Reported 7/30/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Earnings GuidanceReported6.36.386.450.4% RaisedGuidance: 6.35 for 2026
2026 Idaho Power additional ADITC amortizationReported 15.00 Mil -50.0% LoweredGuidance: 30.00 Mil for 2026
2026 Idaho Power Hydropower GenerationReported5.566.5-4.0% LoweredGuidance: 6.25 for 2026


Prior: Q1 2026 Earnings Reported 4/30/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Earnings GuidanceReported6.256.356.450 AffirmedGuidance: 6.35 for 2026
2026 Idaho Power additional ADITC amortizationReported 30.00 Mil 0 AffirmedGuidance: 30.00 Mil for 2026
2026 Idaho Power O&M ExpenseReported525.00 Mil530.00 Mil535.00 Mil0 AffirmedGuidance: 530.00 Mil for 2026
2026 Idaho Power Hydropower GenerationReported5.56.257-3.8% LoweredGuidance: 6.5 for 2026
2026 Idaho Power Capital Expenditures, Excluding AFUDCReported1.30 Bil1.40 Bil1.50 Bil0 AffirmedGuidance: 1.40 Bil for 2026

Q4 2025 Earnings Reported 2/19/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Idaho Power additional ADITC amortizationReported 30.00 Mil -45.5% Lower NewActual: 55.00 Mil for 2025
2026 Idaho Power O&M ExpenseReported525.00 Mil530.00 Mil535.00 Mil11.6% Higher NewActual: 475.00 Mil for 2025
2026 Idaho Power Hydropower Generation (MWh)Reported5.50 Mil6.50 Mil7.50 Mil-3.7% Lower NewActual: 6.75 Mil for 2025
2026 EPSReported6.256.356.458.5% Higher NewActual: 5.85 for 2025
2026 Idaho Power Capital Expenditures, Excluding AFUDCReported1.30 Bil1.40 Bil1.50 Bil   

Q3 2025 Earnings Reported 10/30/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 Idaho Power Additional ADITCsReported50.00 Mil55.00 Mil60.00 Mil-19.7% LoweredGuidance: 68.50 Mil for 2025
2025 Idaho Power O&M ExpenseReported470.00 Mil475.00 Mil480.00 Mil1.1% RaisedGuidance: 470.00 Mil for 2025
2025 Idaho Power Hydropower Generation (MWh)Reported6.50 Mil6.75 Mil7.00 Mil-10.0% LoweredGuidance: 7.50 Mil for 2025
2025 EPSReported5.85.855.91.3% RaisedGuidance: 5.78 for 2025

Insider Activity

Updated 6/11/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Richins, Adam JEVP and COO (IPC)DirectSell6112026142.031,500213,0452,634,656Form
2Hanchey, James BO DVP of Cust Op & CSO (IPC)DirectSell6012026140.951,500211,418301,342Form
3Tatum, Timothy EVP Regulatory Affairs (IPC)DirectSell3042026142.511,479210,772326Form
4Hilton, Julia AVP and General CounselDirectSell2242026142.791,000142,789330,220Form
5Colburn, Mitchel DVP of Plan, Eng, & Const (IPC)DirectSell2242026142.651,300185,439346,300Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Richins, Adam JEVP and COO (IPC)DirectSell6112026142.031,500213,0452,634,656Form
2Hanchey, James BO DVP of Cust Op & CSO (IPC)DirectSell6012026140.951,500211,418301,342Form
3Tatum, Timothy EVP Regulatory Affairs (IPC)DirectSell3042026142.511,479210,772326Form
4Hilton, Julia AVP and General CounselDirectSell2242026142.791,000142,789330,220Form
5Colburn, Mitchel DVP of Plan, Eng, & Const (IPC)DirectSell2242026142.651,300185,439346,300Form
6Tatum, Timothy EVP Regulatory AffairsDirectSell8122025115.342,006231,3726,779Form
Core Cache Last Updated: 10/5/2026