IDACORP Inc. has announced impressive financial results for the third quarter of 2026, marking a significant increase in net income and raising its earnings guidance for the year. This announcement, made on October 29, 2026, highlights the company's strong performance in the electric services sector.

For the quarter ending September 30, 2026, IDACORP reported net income attributable to the company of $160.2 million, or $2.73 per diluted share. This is a notable increase compared to the $124.4 million, or $2.26 per diluted share, reported in the same quarter of 2025. The growth in earnings was attributed to continued customer growth and additional revenues from current base rates and large contract customers.

Lisa Grow, President and CEO of IDACORP, expressed enthusiasm about the results, stating, "Strong third quarter results were driven by continued customer growth and additional revenues from current base rates and from large contract customers as they continue to ramp-up operations. This has been an exciting year with the installation of battery storage projects and significant progress on development and construction of our transmission and generation projects."

In light of these results, IDACORP has increased its full-year earnings guidance to a range of $6.40 to $6.50 per diluted share. This adjustment reflects the expectation that Idaho Power will utilize less than $10 million of additional tax credits available under the Idaho regulatory mechanism in 2026. The earnings guidance assumes normal weather conditions through the end of the year.

IDACORP operates in the electric services sector, specifically classified under SIC 4911. The company's strong performance may influence competitors in the industry, prompting them to reassess their strategies and operational efficiencies to remain competitive.

The recent filing, accession number 0001057877-26-000138, also included a press release detailing these financial results and a teleconference for further discussion. The filing indicates that IDACORP is committed to transparency and effective communication with its stakeholders.

Looking ahead, IDACORP's management will continue to monitor market conditions and customer needs, ensuring that the company remains responsive to changes in the electric services landscape. The filing does not specify any immediate next steps beyond the teleconference scheduled for the same day as the announcement.