Quarterly ResultApr 30, 2026, 07:57 AM
IDA Q1 Net Income $68.0M, EPS $1.24; Oregon Assets Sale
AI Summary
IDACORP reported Q1 2026 net income attributable to shareholders of $68.0 million, or $1.24 per basic share, an increase from $59.6 million, or $1.10 per basic share, in Q1 2025. Total operating revenues decreased by 6.7% to $403.4 million, while operating income rose significantly. Additionally, Idaho Power, a subsidiary, signed an asset purchase agreement on February 13, 2026, for the sale of its Oregon electric distribution business and certain transmission assets.
Key Highlights
- IDACORP Q1 Net Income Attributable rose 14.0% to $68.0 million.
- Basic Earnings Per Share increased 12.7% to $1.24.
- Total Operating Revenues decreased 6.7% to $403.4 million.
- Idaho Power signed an agreement to sell its Oregon electric distribution business and certain transmission assets.
- Operating income increased 47.8% to $81.2 million.
- Net cash from operating activities decreased 39.0% to $75.8 million.
- Additions to property, plant, and equipment increased to $371.5 million.
- Long-term debt issuance was $350.0 million.