IDA

PPL Corporation PPL posted second-quarter 2026 ongoing earnings of 33 cents, which missed the Zacks Consensus Estimate of 35 cents by 5.7%. Earnings increased 3.1% from 32 cents in the year-ago quarter.On a GAAP basis, PPL recorded earnings per share (EPS) of 30 cents compared with 25 cents in the year-ago quarter. The difference between GAAP and operating EPS in the second quarter was due to the impacts of 3 cents from special items. Total revenues of $2.11 billion lagged the Zacks Consensus Estimate of $2.18 billion by 3%. The top line increased 4.2% from the year-ago figure of $2.03 billion. PPL Corporation price-consensus-eps-surprise-chart | PPL Corporation Quote In the second quarter, the company sold 15,491 gigawatt hours of electricity to its customers in Pennsylvania and Kentucky, reflecting a year-over-year decrease of 1.6%.Total operating expenses were $1.64 billion, up 1.1% from $1.62 billion in the year-ago quarter. The increase was primarily attributable to higher fuel expenses, increased energy purchases and higher depreciation expense.Operating income totaled $475 million, up 17% from the year-ago figure of $406 million.Interest expenses amounted to $232 million, up 16.6% from $199 million in the year-ago quarter. Pennsylvania Regulated: Adjusted earnings declined to 18 cents per share from 19 cents a year ago, as higher depreciation and interest expenses more than offset increased transmission revenues from capital investments.Kentucky Regulated: Adjusted earnings were 18 cents per share, unchanged year over year. Higher income from retail rates effective Jan. 1, 2026, was offset by increased operating costs, depreciation and interest expense.Rhode Island Regulated: Adjusted earnings improved to 3 cents from 1 cent, aided by lower operating costs and higher rider revenues. Corporate and Other: The segment incurred a loss of 6 cents per share, in line with the year-ago figure. PPL Electric Utilities' Pennsylvania data center pipeline reached 31.8 GW in advanced stages during the second quarter. More than 11 GW was under signed electric service agreements, while more than 6.5 GW was under construction, up from 5 GW in the first quarter. Two data centers began receiving utility service during the quarter. Invitium Energy, PPL's joint venture with Blackstone Infrastructure, has secured sites capable of supporting 8-14 GW of new generation. More than 5 GW of projects have entered PJM's interconnection queue, while turbine reservation agreements covering more than 5 GW could support $12.5-$15.0 billion of potential joint-venture investment through 2032. As of June 30, 2026, PPL had cash and cash equivalents of $332 million compared with $1.07 billion as of Dec. 31, 2025.As of June 30, 2026, the long-term debt was $19.79 billion compared with $17.99 billion as of Dec. 31, 2025.Net cash provided by operating activities in the first six months of 2026 was $1.14 billion compared with $1.12 billion in the year-ago period.PPL spent $2.34 billion on property, plant and equipment during the first six months of 2026, up 35.8% from $1.72 billion a year earlier. PPL expects 2026 earnings to be in the range of $1.90-$1.98 per share. The Zacks Consensus Estimate is pegged at $1.94, in line with the midpoint of the company’s guided range. PPL expects a long-term annual earnings growth rate of 6-8% through 2029.PPL remains on track to complete about $5.1 billion of capital investments in 2026 and projects $23 billion through 2029. The company currently has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Evergy, Inc. EVRG reported second-quarter 2026 adjusted earnings of 88 cents per share, which beat the Zacks Consensus Estimate of 82 cents by 7.3%. Earnings increased 7.3% from 82 cents in the year-ago quarter.The Zacks Consensus Estimate for 2026 and 2027 EPS is pinned at $4.25 and $4.55, indicating year-over-year growth of 10.97% and 7.06%, respectively.IDACORP, Inc. IDA reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.The Zacks Consensus Estimate for 2026 and 2027 EPS is pinned at $6.39 and $6.93, indicating year-over-year growth of 8.31% and 8.48%, respectively.NextEra Energy NEE reported second-quarter 2026 results with adjusted EPS of $1.15, up 9.5% from $1.05 a year ago. The figure beat the Zacks Consensus Estimate of $1.09 by 5.5%.The Zacks Consensus Estimate for 2026 and 2027 EPS is pinned at $4.02 and $4.37, indicating year-over-year growth of 8.36% and 8.73%, respectively. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PPL Corporation (PPL) : Free Stock Analysis Report NextEra Energy, Inc. (NEE) : Free Stock Analysis Report IDACORP, Inc. (IDA) : Free Stock Analysis Report Evergy Inc. (EVRG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Evergy, Inc. EVRG reported second-quarter 2026 adjusted earnings of 88 cents per share, which beat the Zacks Consensus Estimate of 82 cents by 7.3%. Earnings increased 7.3% from 82 cents in the year-ago quarter. Quarterly revenues totaled $1.50 billion, which surpassed the Zacks Consensus Estimate of $1.48 billion by 1.7%. The top line also increased 4.4% from the year-ago figure of $1.44 billion. Evergy Inc. price-consensus-eps-surprise-chart | Evergy Inc. Quote Total operating expenses jumped 2.4% year over year to $1.12 billion. Fuel and purchased-power costs declined slightly to $328.5 million from $330.4 million.Operating and maintenance expenses rose 2.3% to $260.9 million. Depreciation and amortization increased 5.5% to $304.3 million.Interest expenses totaled $165.9 million, up 7.9% year over year. Evergy Kansas Central’s operating revenues improved 4.9% to $769.5 million from $733.5 million in the year-ago quarter. Net income attributable to the business rose to $138.1 million from $120.4 million.Operating income increased 13.7% to $206.1 million from $181.2 million. Fuel and purchased-power costs declined to $102 million from $117.5 million. These savings were partly offset by higher operating and maintenance expenses, transmission costs and depreciation. Evergy Metro generated operating revenues of $488.7 million, up 3.7% from $471.2 million in the prior-year quarter. Net income increased to $78.7 million from $68.8 million.Operating income rose 11.8% to $126.5 million from $113.1 million. Fuel and purchased-power expenses increased modestly to $146.1 million, while operating and maintenance expenses dropped to $75.4 million from $78.6 million. Cash and cash equivalents as of June 30, 2026 totaled $21.8 million compared with $19.8 million as of Dec. 31, 2025.Long-term debt as of June 30, 2026 was $12.32 billion compared with $13.04 billion as of Dec. 31, 2025.Cash provided by operating activities in the first six months of 2026 was $711.1 million compared with $773.5 million in the year-ago period. Evergy reaffirmed its 2026 adjusted EPS guidance in the range of $4.14-$4.34. The Zacks Consensus Estimate is pegged at $4.25, which is just higher than the midpoint of the company’s guided range.The company expects its adjusted EPS annual growth target of 6-8% through 2030. Evergy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. IDACORP, Inc. IDA reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.Total revenues in the second quarter of 2026 were $469.8 million, lagging the Zacks Consensus Estimate of $478 million by 1.8%. However, the metric rose 4.2% from $450.9 million in the year-ago quarter.PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%.Edison International EIX reported second-quarter 2026 core earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.02 by 51%. The bottom line surged 58.8% from 97 cents in the year-ago quarter.Edison International's second-quarter operating revenues totaled $4.36 billion, which missed the Zacks Consensus Estimate of $4.72 billion by 7.7%. The top line also decreased 4.1% from the year-ago quarter’s figure of $4.54 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Evergy Inc. (EVRG) : Free Stock Analysis Report Edison International (EIX) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report IDACORP, Inc. (IDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Power supplier The Southern Company SO reported second-quarter 2026 adjusted earnings of $1.13 per share, up 22.8% from 92 cents a year earlier. The figure beat the Zacks Consensus Estimate of $1.01 per share by 11.88%, supported by customer usage and growth, utility investment, equity-method earnings and lower income taxes. Operating revenues edged up 0.1% year over year to $6.98 billion but missed the consensus mark of $7.36 billion by 5.18%. Data center usage jumped 55% as large-load customers continued to ramp demand. Southern Company (The) price-consensus-eps-surprise-chart | Southern Company (The) Quote Weather-normal retail electricity sales increased 2.3% year over year in the first half of 2026, marking the strongest growth through June in nearly two decades. Commercial sales rose 7.4% in the quarter, while industrial volumes were flat after weather adjustment. Residential sales declined 0.7% on a weather-normal basis in the quarter, though Southern added about 11,000 electric residential customers. Net electric customer additions exceeded 40,000 over the past year, helping offset softer household usage. Retail electric fuel revenues fell $76 million year over year to $1.06 billion, while non-fuel retail electric revenues increased $63 million to $3.68 billion. Wholesale electric revenues advanced $18 million to $699 million and other electric revenues rose $22 million to $242 million. Natural gas revenues declined $13 million to $966 million, while other revenues decreased $10 million to $325 million. The mixed revenue performance left total operating revenues nearly unchanged from the prior-year quarter. Total operating expenses declined $8 million to $5.20 billion. Fuel and purchased-power costs fell $34 million and the cost of natural gas dropped $78 million. These benefits were partly offset by a $111 million increase in depreciation and amortization and a $20 million rise in non-fuel operations and maintenance expenses. Operating income increased $12 million to $1.78 billion. Allowance for equity funds used during construction rose $48 million, while earnings from equity-method investments increased $76 million. Income tax expense declined $102 million, helping lift net income attributable to Southern Company to $1.17 billion from $880 million. Southern added about 6 gigawatts of large-load contracts since its first-quarter call, bringing total contracted demand to 17 gigawatts across 31 projects. Another 8 gigawatts were in late-stage or finalizing phases, including 3 gigawatts expected to be completed in the near term. Data center system load exceeded 1.2 gigawatts, up more than 500 megawatts from a year earlier. The company’s prospective large-load pipeline remained above 75 gigawatts, while more than 12 gigawatts of contracted projects had begun construction. The company has 10 gigawatts of state-regulated, company-owned generation resources under construction, including thermal, battery storage and solar capacity. Active requests for proposals in Alabama and Georgia are intended to address additional needs in the early 2030s, though potential investments from those processes are not included in the current capital plan. Southern sourced $700 million of additional equity through at-the-market forward contracts during the quarter. This reduced its remaining projected equity need through 2030 to $1.1 billion, while management continued to target funds from operations to debt of about 17% by 2029. This Zacks Rank #3 (Hold) company now expects full-year 2026 adjusted earnings to be near or at the top of its $4.50-$4.60 per share guided range. Adjusted earnings for the first half reached $2.46 per share, compared with $2.15 in the prior-year period. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. For the third quarter, Southern projects adjusted earnings of $1.65 per share. Management expects customer growth, rising electricity sales and continued execution across regulated utilities and Southern Power to support performance in the second half. While we have discussed Southern’s second-quarter results in detail, let’s see how some other utilities have fared this earnings season. Exelon Corporation EXC posted second-quarter 2026 adjusted operating earnings of 43 cents per share, in line with the Zacks Consensus Estimate. Earnings increased 10.3% from 39 cents in the year-ago quarter. Higher distribution and transmission rates across several utilities supported the improvement. Revenues totaled $5.97 billion, beating the Zacks Consensus Estimate of $5.66 billion by 5.46%. Exelon generated $3.67 billion in operating cash flow during the first six months of 2026, up from $2.71 billion in the year-ago period. As of June 30, 2026, long-term debt was $50.31 billion compared with $47.41 billion as of Dec. 31, 2025. American Water Works Company Inc. AWK posted second-quarter 2026 adjusted earnings of $1.61 per share, which beat the Zacks Consensus Estimate of $1.59 by 1.3%. The bottom line increased 8.1% from $1.49 in the year-ago quarter. Earnings benefited from contributions coming from authorized rate increases, infrastructure investments and acquired operations. Revenues of $1.36 billion surpassed the Zacks Consensus Estimate of $1.28 billion by 6.2% and rose 6.2% year over year. Cash and cash equivalents totaled $191 million as of June 30, 2026, up from $98 million at the end of 2025. American Water reaffirmed adjusted earnings guidance of $6.02-$6.12 per share for 2026.  Management also maintained its long-term earnings and dividend growth targets of 7-9%. IDACORP, Inc. IDA reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter. The year-over-year improvement was due to customer growth, rate changes and revenues from large contract customers. Total revenues in the second quarter of 2026 were $469.8 million, lagging the Zacks Consensus Estimate of $478 million by 1.8%. The long-term debt was $3.68 billion as of June 30, 2026, compared with $3.33 billion as of Dec. 31, 2025. IDACORP raised the lower end of its 2026 earnings guidance to $6.30-$6.45 per share from the previous range of $6.25-$6.45. IDA projects a capital expenditure of $1.3-$1.5 billion for 2026. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Company (The) (SO) : Free Stock Analysis Report Exelon Corporation (EXC) : Free Stock Analysis Report IDACORP, Inc. (IDA) : Free Stock Analysis Report American Water Works Company, Inc. (AWK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

NRG Energy, Inc. NRG reported second-quarter 2026 adjusted earnings of $1.49 per share, which missed the Zacks Consensus Estimate of $1.66 by 10.2%. The bottom also line declined 11.3% from $1.68 in the year-ago quarter. Total revenues were $7.48 billion, which beat the Zacks Consensus Estimate of $5.89 billion by 27%. The top line also increased 11% from the prior-year quarter’s level of $6.74 billion. NRG Energy, Inc. price-consensus-eps-surprise-chart | NRG Energy, Inc. Quote The company recorded adjusted EBITDA of $1.22 billion in the second quarter, up 33.9% from $0.91 billion registered a year ago.Total operating costs and expenses were $6.54 billion, down 2.9% from $6.74 billion in the year-ago quarter.Operating income in the second quarter totaled $976 million.Through July 31, 2026, NRG completed $932 million in share repurchases and distributed $202 million in common stock dividends. In 2026, the company plans to return $1 billion through share repurchases and common stock dividends of around $407 million. NRG advanced its Bring Your Own Power strategy with a global cloud and artificial intelligence hyperscaler. The parties are aligned on principal commercial terms for developing a 1.2-gigawatt combined-cycle natural gas generation facility in Texas, subject to final documentation and approvals.The company also achieved commercial operations at the 415-megawatt T.H. Wharton facility. Its two other Texas Energy Fund projects remained on schedule and within budget. As of June 30, 2026, NRG had cash and cash equivalents worth $0.16 billion compared with $4.71 billion as of Dec. 31, 2025.As of June 30, 2026, long-term debt and finance leases amounted to $21.74 billion compared with $16.41 billion as of Dec. 31, 2025.Cash provided by operating activities in the first six months of 2026 totaled $0.95 billion compared with $1.31 billion in the year-ago quarter. Capital expenditures amounted to $655 million in the first six months of 2026 compared with $595 million in the year-ago quarter.Total liquidity was $5.28 billion, down from $9.63 billion, primarily due to funding the acquisition of generation assets and CPower from LS Power. NRG Energy expects its 2026 adjusted net income to be in the range of $1.685-$2.115 billion.The company expects its 2026 adjusted EPS to be in the range of $7.90-$9.90. The Zacks Consensus Estimate is pegged at $9.70, which is at the higher end of the company’s guided range.Free Cash Flow before Growth for 2026 is anticipated to be in the range of $2.8-$3.3 billion.NRG expects 2026 adjusted EBITDA in the band of $5.325-$5.825 billion. NRG Energy has a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Edison International EIX reported second-quarter 2026 core earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.02 by 51%. The bottom line surged 58.8% from 97 cents in the year-ago quarter.Edison International's second-quarter operating revenues totaled $4.36 billion, which missed the Zacks Consensus Estimate of $4.72 billion by 7.7%. The top line also decreased 4.1% from the year-ago quarter’s figure of $4.54 billion.IDACORP, Inc. IDA reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.Total revenues in the second quarter of 2026 were $469.8 million, lagging the Zacks Consensus Estimate of $478 million by 1.8%. However, the metric rose 4.2% from $450.9 million in the year-ago quarter.PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NRG Energy, Inc. (NRG) : Free Stock Analysis Report Edison International (EIX) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report IDACORP, Inc. (IDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Public Service Enterprise Group Incorporated PEG, or PSEG, reported second-quarter 2026 adjusted earnings of 86 cents per share, which beat the Zacks Consensus Estimate of 80 cents by 7.5%. Earnings increased 11.7% from the prior-year reported figure of 77 cents.The company reported GAAP earnings per share (EPS) of 67 cents compared with $1.17 in the corresponding period of 2025. Operating revenues totaled $2.55 billion, which missed the Zacks Consensus Estimate of $2.70 billion by 5.4%. The top line also declined 8.9% from the year-ago figure of $2.81 billion. Public Service Enterprise Group Incorporated price-consensus-eps-surprise-chart | Public Service Enterprise Group Incorporated Quote Electric sales increased 2% year over year to 9,629 million kilowatt-hours (kWh). Residential sales rose 3% to 3,242 million kWh, while commercial and industrial sales jumped 1% to 6,316 million kWh.Total gas sales declined 23% to 541 million therms. Firm gas sales slipped 1% to 351 million therms, as residential volumes decreased 4%, and commercial and industrial volumes increased 1%. Non-firm commercial and industrial sales fell 45% to 190 million therms. The operating income totaled $461 million compared with $817 million in the year-ago period, reflecting a decline of 43.6%.Total operating expenses were $2.09 billion, up 5.3% from the year-ago figure.Interest expenses amounted to $269 million, which increased 8.5% year over year. PSE&G revenues increased 5.2% to $2.14 billion from $2.03 billion in the prior-year period. The regulated utility generated net income and non-GAAP operating earnings of $342 million, up from $332 million. Results benefited from ongoing investments in energy efficiency, gas system modernization and transmission. PSEG Power & Other revenues declined 42% to $534 million from $920 million a year earlier. Despite the revenue decrease, non-GAAP operating earnings increased to $83 million from $52 million. The improvement reflected higher realized prices and increased nuclear generation. The long-term debt (including the current portion of the long-term debt) as of June 30, 2026 was $23.59 billion compared with $22.55 billion as of Dec. 31, 2025.The net cash flow from operating activities was $1.82 billion during the first six months of 2026 compared with $1.53 billion during the first six months of 2025. PEG expects adjusted earnings to be in the range of $4.28-$4.40 per share. The Zacks Consensus Estimate for earnings is currently pegged at $4.37, which is at the higher end of the company’s guided range. PEG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Edison International EIX reported second-quarter 2026 core earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.02 by 51%. The bottom line surged 58.8% from 97 cents in the year-ago quarter.Edison International's second-quarter operating revenues totaled $4.36 billion, which missed the Zacks Consensus Estimate of $4.72 billion by 7.7%. The top line also decreased 4.1% from the year-ago quarter’s figure of $4.54 billion.IDACORP, Inc. IDA reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.Total revenues in the second quarter of 2026 were $469.8 million, lagging the Zacks Consensus Estimate of $478 million by 1.8%. However, the metric rose 4.2% from $450.9 million in the year-ago quarter.PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Public Service Enterprise Group Incorporated (PEG) : Free Stock Analysis Report Edison International (EIX) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report IDACORP, Inc. (IDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Diluted EPS (Q2 2026): $1.79, compared with $1.76 in the second quarter of 2025. Diluted EPS (First Half 2026): $3.00, compared with $2.87 in the first half of 2025. Full-Year 2026 EPS Guidance: Raised to a range of $6.30 to $6.45, up from the previous range. Customer Growth: Customer count increased 2.3% year-over-year, with growth across all customer segments. Industrial Revenues: Increased 17% compared with the second quarter of last year. Large Contract Customer Revenue: Increased operating income by $6.5 million in the second quarter. Retail Revenue Benefit: Combined benefit of $32 million in Q2 from the January rate increase and customer growth (excluding large contract customers). O&M Expense: Increased by almost $12 million in the second quarter, primarily due to amortization of previously deferred costs. Depreciation and Amortization Expense: Increased by around $5 million for the quarter. Additional Tax Credit Amortization (Q2 2026): None recorded, compared with $17 million in the second quarter of last year. Additional Tax Credit Amortization (First Half 2026): $6.3 million recorded, compared with $36.5 million in the first half of 2025. Full-Year 2026 Additional Tax Credit Amortization Guidance: Expected to be less than $15 million, reduced from prior guidance of less than $30 million. Full-Year 2026 O&M Expense Guidance: Expected to be in the range of $525 million to $535 million. Full-Year 2026 CapEx Guidance: Expected to be between $1.3 billion and $1.5 billion, trending to the high end of the range. Hydropower Generation Guidance: Expected to be within the range of 5.5 to 6.5 million megawatt hours for the year. Warning! GuruFocus has detected 14 Warning Signs with IDA. Is IDA fairly valued? Test your thesis with our free DCF calculator. Release Date: July 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Idacorp Inc (NYSE:IDA) raised the lower end of its full-year 2026 diluted EPS guidance by $0.05 to a new range of $6.30 to $6.45, driven by strong operational results in the second quarter. Customer growth remains robust, with a 2.3% increase in customer count year-over-year and a 17% surge in industrial revenues, driven by large contract customers like Micron and Meta ramping up operations. The company successfully brought 250 MW of new company-owned battery storage online as scheduled, marking its fourth consecutive year of adding batteries, and completed the conversion of Balmy Unit 2 from coal to natural gas. Idacorp Inc (NYSE:IDA) significantly reduced its expected use of additional tax credit amortization (ADITC) for 2026 to less than $15 million, down from prior guidance of less than $30 million, indicating strong financial performance and higher earned ROEs. The Idaho Commission issued a favorable prudence determination for the company's health care and relicensing expenditures from 2016 through 2025, rendering them eligible for inclusion in retail rates in future regulatory proceedings. The company has secured approximately $1 billion of its $2 billion five-year equity needs through forward sale agreements, providing financial flexibility and a strong balance sheet position into 2027. Idacorp Inc (NYSE:IDA) trimmed the top end of its full-year hydropower generation guidance by 500,000 MWh to a range of 5.5 to 6.5 million MWh, due to dry conditions returning in May and June. Operating and maintenance (O&M) expenses increased by nearly $12 million in the second quarter, primarily driven by the amortization of previously deferred costs associated with the Jim Bridger plant and the wildfire mitigation plan. The company faces significant capital expenditure requirements, with 2026 CapEx trending to the high end of its $1.3 billion to $1.5 billion range, and additional capital needs for projects like Micron Fab 2 not yet included in the forecast. Operating cash flow appears low on a comparative basis this year, though much of the deviation is attributed to timing differences in items like accounts receivable, payable, prepayments, and the PCA mechanism. The proposed sale of the Oregon distribution system is expected to close in spring 2027, pending successful regulatory outcomes, creating uncertainty and potential delays in the transaction. The company noted that SMR technology pricing is currently over $150 per megawatt hour, which is not attractive at this time, and commercial availability remains a constraint for future resource planning. Q: Can you provide an update on the status of negotiations for the Micron Fab 2 energy services agreement (ESA), the potential size of the investment, and whether this could be included in a Q3 update?A: Lisa Grow (President and CEO) noted that negotiations are very active, though details are confidential and depend on the customer's willingness to disclose. Adam Richins (EVP and COO) added that ground preparations for Fab 2 have started, and while the ESA is under discussion, the associated capital expenditure is not included in the current 8.3% IRP CAGR forecast. Brian Buckham (CFO) clarified that the current CapEx plan excludes Fab 2 and other promising loads, and incremental spending for these customers will be reflected in future CapEx refreshes and the 2027 IRP update. Q: Given the strong load growth and reduced use of ADITCs, do you expect to earn above your allowed ROE, and how are earned ROEs trending over the forecast period?A: Brian Buckham (CFO) explained that while over-earning is possible, it is less likely in the near term due to the significant depreciation and interest expenses from the current construction cycle. However, he noted that the company has already reduced its ADITC expectations for 2026, and outperformance in weather or large load growth could push earnings toward or above the allowed ROE, potentially triggering the ADITC mechanism or higher. Q: With the 2031-2032 RFP, is the capacity need still 200 MW for 2031 and greater than 200 MW for 2032, and could it incorporate incremental load from Micron Fab 2?A: Adam Richins (EVP and COO) stated that the 200 MW was a minimum based on the 2025 IRP, and the company anticipates needing more capacity due to recent large load additions. The updated load forecast, which will be released around November, will provide more clarity. For Fab 2, the company would likely increase the resources built or purchased through the IRP rather than issue a separate RFP, potentially utilizing the six gas projects self-bid in the current RFP. Q: How are you thinking about the next rate case, given the large load revenues and the potential for a depreciation or interest tracker?A: Lisa Grow (President and CEO) indicated that a June 2027 rate case filing is a high probability, but the company is not currently considering a depreciation or interest tracker because large load revenues are helping to cover those costs. Brian Buckham (CFO) added that the decision will depend on the math in early 2027, balancing large customer revenues against plant placed in service. He also noted that a tracker would need to be structured to avoid shifting costs to residential customers for projects benefiting large loads. Q: Can you provide an update on the 2032 RFP shortlist and the timing for results?A: Adam Richins (EVP and COO) said the company expects to have a final shortlist in the third quarter, with contract negotiations to follow. The company has bid eight projects (six gas and two storage), and several self-bid projects remain competitive. Brian Buckham (CFO) added that the updated load forecast for the 2027 IRP will be locked down by late October or early November, and the RFP results will be factored into that process. Q: Is the pace of bringing resources online, such as the 250 MW of battery storage, sustainable as the project queue grows?A: Lisa Grow (President and CEO) explained that battery storage is a great energy resource for summer peaks but not a reliable capacity resource for winter due to shorter days. Adam Richins (EVP and COO) provided a year-by-year breakdown: 2027 is largely solar and batteries, while 2028-2030 shifts to gas projects (Bennett Mountain, South Hills, and Peregrine). He also noted the company is evaluating SMR technology but finds current pricing (over $150/MWh) unattractive, so they are unlikely to be early adopters. Q: Does the recent wildfire incident change anything about your wildfire mitigation plan implementation?A: Lisa Grow (President and CEO) stated that the company is taking the incident seriously but does not expect it to be material. The wildfire mitigation plan was followed as implemented, and the company feels good about its execution. No changes to the plan are currently planned, though the company remains focused on ensuring the plan is properly followed. Q: What is the current ADITC balance, and how does it factor into the rate case timing decision?A: Brian Buckham (CFO) reported an ADITC balance of approximately $156 million as of June 30, with additional credits expected from battery storage and MITO state ITCs. He explained that the ADITC mechanism is a key factor in deciding whether to file a rate case, particularly given the $55 million annual cap imposed in the last rate case settlement. The company will evaluate 2028 needs, balancing large load revenues against depreciation and interest expenses, to determine if a rate case is necessary. Q: How should we think about the seasonality of large customer load, and does it follow temperature patterns like retail?A: Brian Buckham (CFO) clarified that large industrial loads are not weather-sensitive and are driven by equipment installation and operation, such as Micron's step-ups and data center server rack installations. He noted that the new revenue line in the reconciliation table includes only one month of Micron Fab 1 revenues, with more ramp-up expected in the second half of 2026. While cooling systems could add incremental load in hot months, the company forecasts these loads as steady state. Q: Would you consider using permanent leverage or hybrid securities to fund the heavy capital expenditure?A: Brian Buckham (CFO) stated that the company prefers a simple balance sheet without holding company debt, which has been well-received by credit rating agencies and investors. While hybrids and mandatory convertibles are not off the table, they are not the go-to approach. The company also uses other mechanisms, such as upfront customer payments, to fund large contract needs, and has the flexibility to rank financing options based on priority. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in IDACORP, Inc.? Here are five stocks we like better. IDACORP raised its 2026 earnings outlook to $6.30–$6.45 per diluted share after second-quarter EPS rose to $1.79 from $1.76, helped by rate changes, customer growth and sharply lower tax-credit amortization. Large industrial customers are becoming a significant growth driver: industrial revenue increased 17% year over year, while Micron and Meta contributed only limited revenue in the quarter and are expected to ramp further in the second half. IDACORP is advancing major capacity and transmission investments, including 250 MW of new battery storage, multiple transmission projects and three gas-generation plants, with 2026 capital spending expected toward the high end of its $1.3 billion–$1.5 billion range. How to Invest in Renewable Energy IDACORP (NYSE:IDA) raised the lower end of its 2026 earnings guidance after reporting higher second-quarter profit, supported by January rate changes, customer growth and an early ramp in revenue from large industrial customers. The utility holding company reported second-quarter diluted earnings per share of $1.79, compared with $1.76 a year earlier. First-half diluted EPS was $3.00, up from $2.87 in the prior-year period. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now Amy Shaw, IDACORP’s vice president of finance, compliance and risk, said the results reflected a sharp reduction in additional tax-credit amortization under Idaho’s regulatory mechanism. The company recorded no additional tax-credit amortization in the second quarter, compared with $17.2 million in the same period last year. For the first half, additional amortization totaled $6.3 million, compared with $36.5 million a year earlier. IDACORP now expects full-year diluted EPS of $6.30 to $6.45, raising the low end of its prior range by $0.05. The outlook assumes historically normal weather for the remainder of 2026 and less than $15 million of additional tax-credit amortization for the year, down from prior guidance of less than $30 million. → Microsoft Just Flipped the AI Spending Narrative Overnight President and CEO Lisa Grow said IDACORP’s customer count rose 2.3% from the second quarter of 2025, with growth across customer segments. Industrial revenue, including large contracts, increased 17% year over year as large customers began contributing more meaningfully in June. Grow pointed to projects including Micron’s expansion and Meta’s data center, along with other large customers such as Chobani and Idaho National Laboratory. She said the company expects its agreements with large customers to include take-or-pay provisions, termination payments, certain upfront payments and credit requirements designed to ensure that growth-related costs are not shifted to existing customers. → Carrier Earnings Could Send the Stock to a New All-Time High “Growth pays for growth” remains an important principle, Grow said, adding that Idaho Power’s average residential price is about 30% below the national average. Revenue from large-contract customers is also a key reason the company expects to avoid filing a general rate case in 2026, she said. Chief Financial Officer Brian Buckham said rate increases and customer growth contributed a combined $32 million benefit to second-quarter results and more than $52 million year to date. Large-contract customers added $6.5 million to operating income during the quarter. Only one month of revenue from Micron’s first fab was included in the period, Buckham said, while Meta’s ramp-up was still in its early stages. The company expects more benefit from those contracts in the second half of the year. Unlike residential load, large industrial demand is primarily tied to equipment installation and operations rather than weather-driven seasonal usage, he said. IDACORP said it placed 250 megawatts of company-owned battery storage into service during the quarter, its fourth consecutive year of adding batteries. Since 2023, the company has added more than 550 MW of company-owned battery capacity. It also converted Valmy Unit 2 from coal to natural gas and commissioned a 125-MW third-party solar project through its Clean Energy Your Way program. Grow said battery storage is useful for filling gaps as solar generation declines in the evening, particularly in the summer, but is not a complete long-term capacity solution because the batteries provide about four hours of duration and have more limited winter applications. The company continues to advance three major transmission projects: Boardman-to-Hemingway: About 70% of 1,300 structure pads have been completed, more than 400 towers have been built, and wire stringing has begun. The project is expected to enter service in late 2027. Swift North Transmission Project: Construction has begun in Nevada following receipt of an Idaho certificate of public convenience and necessity. Completion is expected in 2028. Gateway West: IDACORP and PacifiCorp have filed a joint request for regulatory approval, with part of the segment potentially entering service as early as 2028. The company is also developing three gas-fueled generation projects to address near-term capacity deficits: the 167-MW Bennett Mountain project, targeted for 2028; the 222-MW South Hills project, planned for 2029; and the 430-MW Peregrine project, slated for 2030. Adam Richins, executive vice president and chief operating officer, said the company expects a mix of solar and battery additions in 2027, followed by a greater emphasis on gas generation. IDACORP has also evaluated small modular reactor technology, he said, but considers current estimated pricing of more than $150 per MWh and uncertain commercial availability limiting factors. IDACORP maintained 2026 capital expenditure guidance of $1.3 billion to $1.5 billion, though management said spending is trending toward the high end of that range. The forecast does not include potential resource additions from the company’s 2032 request for proposals, projects serving Micron’s second fab, or updates from annual capital budgeting work. The company expects to release a final shortlist from its 2032 RFP in the third quarter and begin contract negotiations afterward. Richins said the original procurement requirement was a minimum of 200 MW of firm capacity, but the need could increase as load forecasts are updated. IDACORP submitted eight self-build projects into the process, including six gas projects and two storage projects. Buckham said IDACORP executed about $260 million of additional forward-sale agreements through its at-the-market equity program during the quarter. Of approximately $2 billion in equity funding needs under its current five-year plan, the company has issued or sold forward about $1 billion, and it has the equity needed through 2027, he said. Management said a June 2027 general rate case filing remains a possibility, depending on projected large-load revenue, depreciation, interest expense and capital projects entering service. The company is not currently pursuing a depreciation or interest tracker. IDACORP also said the Idaho Commission found that its Hells Canyon relicensing expenditures from the start of 2016 through the end of 2025 were prudently incurred, making them eligible for inclusion in retail rates in a future regulatory proceeding. IDACORP, Inc is a diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary, Idaho Power Company, operates as a regulated electric utility. Through Idaho Power, the company provides generation, transmission and distribution services to residential, commercial and industrial customers. The company's service territory spans southern Idaho and eastern Oregon, where it serves over half a million customers with a mix of hydroelectric, natural gas, wind and solar generation assets. Idaho Power's generation portfolio is anchored by a network of hydroelectric facilities along the Snake River system, complemented by natural-gas-fired plants and growing investments in renewable resources. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "IDACORP Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

IDACORP, Inc. IDA reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.The year-over-year improvement was due to customer growth, rate changes and revenues from large contract customers. Total revenues in the second quarter of 2026 were $469.8 million, lagging the Zacks Consensus Estimate of $478 million by 1.8%. However, the metric rose 4.2% from $450.9 million in the year-ago quarter. IDACORP, Inc. price-consensus-eps-surprise-chart | IDACORP, Inc. Quote Retail revenues from large contract customers, net of associated power supply costs and the Idaho Power cost adjustment mechanism, increased operating income by $6.5 million.The gain reflected higher usage per large contract customer, the increase in Idaho base rates and the addition of a new large contract that became effective June 1, 2026. Management highlighted these customers as an important source of revenues to help fund the company’s substantial infrastructure development. IDACORP also brought 250 megawatts of battery capacity online in June. The company continued construction work on major transmission and generation projects during the first half of 2026. IDACORP’s customer volume increased 2.3% year over year for the 12 months ended on March 31, 2026. This boosted operating income by $4.5 million from the year-ago level.Other operations and maintenance (O&M) expenses were $11.7 million, higher than the year-earlier level. The rise mainly reflected the recognition of previously deferred costs tied to converting generating units at the Jim Bridger plant from coal to natural gas.IDACORP's net income increased $6.8 million from the prior-year level due to higher net income at Idaho Power. As of June 30, 2026, cash and cash equivalents were $83.6 million compared with $215.7 million as of Dec. 31, 2025.The long-term debt was $3.68 billion as of June 30, 2026 compared with $3.33 billion as of Dec. 31, 2025.In the first six months of 2026, net cash provided by operating activities was $179 million compared with $301.2 million in the prior-year period. IDACORP raised the lower end of its 2026 earnings guidance to $6.30-$6.45 per share from the previous range of $6.25-$6.45. The Zacks Consensus Estimate for earnings is pegged at $6.39, which is higher than the midpoint of the company’s guided range.IDA projects a capital expenditure of $1.3-$1.5 billion for 2026. The company’s O&M expenses forecast remains $525-$535 million.Management narrowed its hydropower generation outlook to 5.5-6.5 million megawatt-hours from 5.5-7 million. IDACORP currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Entergy Corporation ETR reported second-quarter 2026 earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 94 cents by 9.6%. However, the bottom line decreased 1.9% from the year-ago quarter’s figure of $1.05.Revenues rose 5.9% year over year to $3.52 billion but missed the consensus mark of $3.53 billion by 0.08%. PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%.CMS Energy Corporation CMS reported second-quarter 2026 adjusted earnings per share of 37 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter. Operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report IDACORP, Inc. (IDA) : Free Stock Analysis Report Entergy Corporation (ETR) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report CMS Energy Corporation (CMS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

BOISE, Idaho, July 30, 2026--(BUSINESS WIRE)--IDACORP, Inc. (NYSE: IDA) reported second quarter 2026 net income attributable to IDACORP of $102.6 million, or $1.79 per diluted share, compared with $95.8 million, or $1.76 per diluted share, in the second quarter of 2025. "Continued customer growth along with rate changes and revenues from large contract customers led to strong second quarter results even without recording any additional tax credits for the second quarter under the company's Idaho regulatory mechanism," said IDACORP President and Chief Executive Officer Lisa Grow. "The first half of 2026 has been a busy one, with 250 MWs of batteries coming online in June, progress on construction of our major transmission and generation projects, and notable new revenues coming in from our large contract customers that will help fund our substantial infrastructure development," Grow added. IDACORP is increasing the lower-end of its previously reported full-year 2026 earnings guidance to the range of $6.30 to $6.45 per diluted share, with the expectation that Idaho Power will use less than $15 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. Summary of Financial Results The following is a summary of net income attributable to IDACORP and IDACORP's earnings per diluted share (in thousands of dollars or shares, except earnings per share amounts): The table below provides a reconciliation of net income attributable to IDACORP for the three months and six months ended June 30, 2026, from the same periods in 2025 (items are in millions of dollars and are before related income tax impact unless otherwise noted): Net Income - Second Quarter 2026 IDACORP's net income increased $6.8 million for the second quarter of 2026 compared with the second quarter of 2025, due primarily to higher net income at Idaho Power. The net increase in retail revenues per MWh, excluding large contract customers, and net of power cost adjustment mechanisms, increased operating income by $27.5 million in the second quarter of 2026 compared with the second quarter of 2025. This benefit was due primarily to an overall increase in Idaho base rates, effective January 1, 2026, from the outcome of the settlement stipulation for Idaho Power's 2025 Idaho general rate case (2025 Settlement Stipulation). Customer growth, excluding large contract customers, and net of associated power supply costs and power cost adjustment mechanisms, increased operating income by $4.5 million in the second quarter of 2026 compared with the second quarter of 2025, as the number of Idaho Power customers grew by approximately 15,000, or 2.3 percent, during the twelve months ended June 30, 2026. Usage per retail customer, excluding large contract customers, and net of associated power supply costs and power cost adjustment mechanisms, was relatively consistent in the second quarter of 2026 compared with the second quarter of 2025, as a 2 percent decrease in usage per residential customer was mostly offset by an increase in usage per customer for irrigation customers. A decrease in the deferral of residential and small commercial customer revenues through the FCA mechanism positively affected retail revenues by $2.7 million. Retail revenues from large contract customers, net of associated power supply costs and the PCA mechanism, increased operating income by $6.5 million in the second quarter of 2026 compared with the second quarter of 2025. This benefit was primarily due to an increase in usage per large contract customer, the overall increase in Idaho base rates effective January 1, 2026, and the addition of one new large contract effective June 1, 2026. Other O&M expenses in the second quarter of 2026 were $11.7 million higher than the second quarter of 2025. This increase was primarily the result of previously deferred costs related to the conversion of generating units at the Jim Bridger plant from coal to natural gas, much of which is recovered in customer rates and reflected in revenues pursuant to the 2025 Settlement Stipulation. The amortization of previously deferred wildfire mitigation program expenses, which are also recovered in customer rates and reflected in revenues for both the Idaho and Oregon jurisdictions, also contributed to the increase from the second quarter of 2025. Depreciation and amortization expense increased $5.2 million in the second quarter of 2026 compared with the second quarter of 2025, due primarily to an increase in plant-in-service. Other changes in operating revenues and expenses, net, increased operating income by $6.3 million in the second quarter of 2026 compared with the second quarter of 2025, due primarily to a decrease in net power supply expenses that were not accrued for future refund in rates through Idaho Power's power cost adjustment mechanisms. Also contributing to the increase in other changes in operating revenues and expenses, net, was a decrease in property tax expense due to property tax legislative changes in Idaho. Non-operating expense, net, increased $0.5 million in the second quarter of 2026 compared with the second quarter of 2025. Higher long-term debt balances led to an increase in interest expense, while lower interest-bearing cash investments led to a decrease in interest income. This increase was mostly offset by an increase in Allowance for Funds Used During Construction (AFUDC) in the second quarter of 2026 compared with the second quarter of 2025, as the average construction work in progress balance was higher. The increase in income tax expense for the second quarter of 2026, compared with the second quarter of 2025, was primarily due to a decrease in additional ADITC amortization under the Idaho regulatory settlement stipulation and an increase in pre-tax income. Based on Idaho Power's current expectations of full-year 2026 financial results, Idaho Power recorded no additional ADITC amortization during the second quarter of 2026, compared with $17.2 million of additional ADITC amortization during the second quarter of 2025. Net Income - Year-To-Date 2026 IDACORP's net income increased $15.2 million for the first six months of 2026 compared with the first six months of 2025, due primarily to higher net income at Idaho Power. The net increase in retail revenues per MWh, excluding large contract customers, and net of power cost adjustment mechanisms, increased operating income by $44 million in the first six months of 2026 compared with the first six months of 2025. This benefit was due primarily to an overall increase in Idaho base rates, effective January 1, 2026, from the outcome of the 2025 Settlement Stipulation. Customer growth, excluding large contract customers, and net of associated power supply costs and power cost adjustment mechanisms, increased operating income by $8.2 million in the first six months of 2026 compared with the first six months of 2025. Usage per retail customer, excluding large contract customers, and net of associated power supply costs and power cost adjustment mechanisms, decreased operating income by $12.4 million in the first six months of 2026 compared with the first six months of 2025. Residential usage per customer decreased most significantly, as more moderate temperatures in the first six months of 2026 compared with the first six months of 2025 led residential customers to use less energy for heating and cooling purposes. A decrease in the deferral of residential and small commercial customer revenues through the FCA mechanism positively affected retail revenues by $21.8 million. Retail revenues from large contract customers, net of associated power supply costs and the PCA mechanism, increased operating income by $8.9 million in the first six months of 2026 compared with the first six months of 2025. This change was primarily due to an increase in usage per large contract customer, the overall increase in Idaho base rates effective January 1, 2026, and the addition of one new large contract effective June 1, 2026. Other O&M expenses in the first six months of 2026 were $24.8 million higher than the first six months of 2025. This increase was primarily the result of previously deferred costs related to the conversion of generating units at the Jim Bridger plant from coal to natural gas, much of which is recovered in customer rates and reflected in revenues pursuant to the 2025 Settlement Stipulation. The amortization of previously deferred wildfire mitigation program expenses, which are also recovered in customer rates and reflected in revenues for both the Idaho and Oregon jurisdictions, also contributed to the increase from the first six months of 2025. Depreciation and amortization expense increased $10.9 million for the first half of 2026 compared with the first half of 2025, due primarily to an increase in plant-in-service. Other changes in operating revenues and expenses, net, increased operating income by $22.0 million in the first six months of 2026 compared with the first six months of 2025, due primarily to a decrease in net power supply expenses that were not accrued for future refund in rates through Idaho Power's power cost adjustment mechanisms. Also contributing to the increase in other changes in operating revenues and expenses, net, was a decrease in property tax expense due to property tax legislative changes in Idaho. Non-operating expense, net, increased $4.6 million in the first six months of 2026 compared with the first six months of 2025. Higher long-term debt balances led to an increase in interest expense. This increase was partially offset by an increase in AFUDC in the first six months of 2026 compared with the first six months of 2025, as the average construction work in progress balance was higher. In addition, interest income decreased due to lower cash and cash equivalent balances in the first six months of 2026 compared with the first six months of 2025. The increase in income tax expense was principally the result of a decrease in additional ADITC amortization and higher pre-tax income. Based on Idaho Power's current expectations of full-year 2026 financial results, Idaho Power recorded $6.3 million of additional ADITC amortization under its Idaho regulatory settlement stipulation during the first six months of 2026, compared with $36.5 million of additional ADITC amortization during the same period in 2025. Annual Earnings Guidance and Key Operating and Financial Metrics IDACORP is increasing the lower-end of its earnings guidance estimate for 2026. The 2026 guidance incorporates all of the key operating and financial assumptions listed in the table that follows (in millions of dollars or MWh, except per share amounts): More detailed financial and operational information is provided in IDACORP’s Quarterly Report on Form 10-Q filed today with the U.S. Securities and Exchange Commission, which is also available for review on IDACORP’s website at idacorpinc.com. Web Cast / Conference Call IDACORP will hold an analyst conference call today at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time). All parties interested in listening may do so through a live webcast on IDACORP's website (idacorpinc.com), or by calling (855) 761-5600 for listen-only mode. The passcode for the call is 9290150. The conference call logistics are also posted on IDACORP's website. Slides will be included during the conference call. To access the slide deck, please visit idacorpinc.com/investor-relations. A replay of the conference call will be available on the company's website for 12 months and will be available shortly after the call. Background Information IDACORP, Inc. (NYSE: IDA), Boise, Idaho-based and formed in 1998, is a holding company comprised of Idaho Power, a regulated electric utility; IDACORP Financial, an investor in affordable housing and other real estate tax credit investments; and Ida-West Energy, an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978. Idaho Power, headquartered in vibrant and fast-growing Boise, Idaho, has been a locally operated energy company since 1916. Today, it serves a 24,000-square-mile service area in Idaho and Oregon. With 17 low-cost hydropower projects at the core of its diverse energy mix, Idaho Power’s residential, business, and agricultural customers pay among the nation's lowest prices for electricity. Its nearly 2,200 employees proudly serve more than 670,000 customers with a culture of safety first, integrity always, and respect for all. To learn more about IDACORP or Idaho Power, visit idacorpinc.com or idahopower.com. Forward-Looking Statements In addition to the historical information contained in this press release, this press release contains (and oral communications made by IDACORP, Inc. (IDACORP) and Idaho Power Company (Idaho Power) may contain) statements that relate to future events and expectations, such as statements regarding projected or future financial performance, power generation, cash flows, capital expenditures, regulatory filings, dividends, capital structure or ratios, load forecasts, strategic goals, challenges, objectives, and plans for future operations. Such statements constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, or future events or performance, often, but not always, through the use of words or phrases such as "anticipates," "believes," "could," "estimates," "expects," "intends," "potential," "plans," "predicts," "preliminary," "projects," "targets," "may," "may result," or similar expressions, are not statements of historical facts and may be forward-looking. Forward-looking statements are not guarantees of future performance, involve estimates, assumptions, risks, and uncertainties, and may differ materially from actual results, performance, or outcomes. In addition to any assumptions and other factors and matters referred to specifically in connection with such forward-looking statements, factors that could cause actual results or outcomes to differ materially from those contained in forward-looking statements include those factors set forth in this press release, IDACORP's and Idaho Power's most recent Annual Report on Form 10-K, particularly Part I, Item 1A - "Risk Factors" and Part II, Item 7 - "Management’s Discussion and Analysis of Financial Condition and Results of Operations" of that report, subsequent reports filed by IDACORP and Idaho Power with the U.S. Securities and Exchange Commission (SEC), and the following important factors: (a) decisions or actions by the Idaho and Oregon public utilities commissions and the Federal Energy Regulatory Commission that impact Idaho Power's ability to recover costs and earn a return on investment; (b) changes to or the elimination of Idaho Power's regulatory cost recovery mechanisms; (c) expenses and risks associated with capital expenditures and contractual obligations for, and the permitting and construction of, utility infrastructure projects that Idaho Power may be unable to complete, are delayed, have cost increases due to tariffs, supply chain constraints, or other factors, or that may not be deemed prudent by regulators for cost recovery or return on investment; (d) expenses and risks associated with supplier and contractor delays and failure to satisfy project quality and performance standards on utility infrastructure projects, including as a result of tariffs, supply chain constraints, permitting requirements and limitations, and the potential impacts of those delays and failures on Idaho Power's ability to serve customers and generate revenues; (e) the rapid addition of new industrial customer load, uncertainty of forecasted power usage ramp rates or volumes, and the volatility and timing of that new load demand and revenues, resulting in increased risks of power demand potentially exceeding available supply and revenue, cash flow, and earnings volatility; (f) impacts of economic conditions, including an inflationary or recessionary environment and interest rates, on items such as operations and capital investments, supply costs and delivery delays, supply scarcity and shortages, population growth or decline in Idaho Power's service area, changes in customer demand for electricity, revenue from sales of excess power, credit quality of counterparties and suppliers and their ability to meet financial and operational commitments and on the timing and extent of counterparties’ power usage, and collection of receivables; (g) changes in residential, commercial, irrigation, and industrial growth and demographic patterns within Idaho Power's service area, and the associated impacts on loads and load growth; (h) employee workforce factors, including the operational and financial costs of unionization or the attempt to unionize all or part of the companies' workforce, the cost and ability to attract and retain skilled workers and third-party contractors and suppliers, the cost of living and the related impact on recruiting employees, and the ability to adjust to fluctuations in labor costs; (i) changes in, failure to comply with, and costs of compliance with laws, regulations, policies, orders, federal grants, and licenses, which may result in penalties and fines, increase compliance and operational costs, and impact recovery associated with increased costs through rates; (j) abnormal or severe weather conditions, wildfires, droughts, earthquakes, and other natural phenomena and natural disasters, which affect customer sales, hydropower generation, repair costs, service interruptions, public safety power shutoffs and de-energization, liability for damage caused by utility property, and the availability and cost of fuel for generation plants or purchased power to serve customers; (k) advancement and adoption of self-generation, energy storage, energy efficiency, alternative energy sources, and other technologies that may reduce Idaho Power's sale or delivery of electric power or introduce operational vulnerabilities to the power grid; (l) variable hydrological conditions and over-appropriation of surface and groundwater in the Snake River Basin, which may impact the amount of power generated by Idaho Power's hydropower facilities and power supply costs; (m) ability to acquire equipment, materials, fuel, power, and transmission capacity on reasonable terms and prices, particularly in the event of unanticipated or abnormally high resource demands, price volatility (including as a result of new or increased tariffs), lack of physical availability, transportation constraints, outages due to maintenance or repairs to generation or transmission facilities, disruptions in the supply chain, or reduced credit quality or lack of counterparty and supplier credit; (n) inability to timely obtain and the cost of obtaining and complying with required governmental permits and approvals, licenses, rights-of-way, and siting for transmission and generation projects and hydropower facilities; (o) disruptions or outages of Idaho Power's generation or transmission systems or of any interconnected transmission systems, which can result in liability for Idaho Power, increased power supply costs and repair expenses, and reduced revenues; (p) accidents, electrical contacts, fires (either affecting or caused by Idaho Power facilities or infrastructure), explosions, infrastructure failures, general system damage or dysfunction, and other unplanned events that may occur while operating and maintaining assets, which can cause unplanned outages; reduce generating output; damage company assets, operations, or reputation; subject Idaho Power to third-party claims for property damage, personal injury, loss of life, or other losses; or result in the imposition of fines and penalties; (q) acts or threats of terrorism, acts of war, social unrest, cyber or physical security attacks, and other malicious acts of individuals or groups seeking to disrupt Idaho Power's operations or the electric power grid or compromise data, or the disruption or damage to the companies’ business, operations, or reputation resulting from such events; (r) Idaho Power's concentration in one region, and the resulting exposure to regional economic conditions and regional legislation and regulation; (s) unaligned goals and positions with co-owners of Idaho Power’s existing and planned generation and transmission assets that may adversely impact Idaho Power’s ability to construct and operate those facilities in a manner most suitable to Idaho Power; (t) changes in tax laws or related regulations or interpretations of applicable laws or regulations by federal, state, or local taxing jurisdictions, and the availability of expected tax credits or other tax benefits; (u) ability to obtain debt and equity financing or refinance existing debt when necessary and on satisfactory terms, which can be affected by factors such as credit ratings, reputational harm, volatility or disruptions in the financial markets, interest rates, decisions by the state public utility commissions, and the companies' past or projected financial performance; (v) ability to enter into financial and physical commodity hedges with creditworthy counterparties to manage price and commodity risk for fuel, power, and transmission, and the failure of any such risk management and hedging strategies to work as intended, and the potential losses and cash flow impacts the companies may incur on those hedges; (w) changes in actuarial assumptions, changes in interest rates, and the actual and projected return on plan assets for pension and other postretirement plans, which can affect future pension and other postretirement plan funding obligations, costs, and liabilities and the companies' cash flows; (x) remediation costs associated with planned cessation of coal-fired operations at Idaho Power's co-owned coal plant; (y) ability to continue to pay dividends and achieve target dividend payout ratios based on financial performance and capital requirements, and in light of credit rating considerations, contractual covenants and restrictions, cash flows, and regulatory limitations; and (z) adoption of or changes in accounting policies and principles, changes in accounting estimates, and new SEC or New York Stock Exchange requirements or new interpretations of existing requirements. Any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time and it is not possible for the companies to predict all such factors, nor can they assess the impact of any such factor on the business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. IDACORP and Idaho Power disclaim any obligation to update publicly any forward-looking information, whether in response to new information, future events, or otherwise, except as required by applicable law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260730346160/en/ Contacts Investor and Analyst Contact John R. WonderlichInvestor Relations ManagerPhone: (208) [email protected] Media Contact Jordan RodriguezCorporate CommunicationsPhone: (208) [email protected]

IdaCorp (IDA) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $1.76 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.29%. A quarter ago, it was expected that this utility company would post earnings of $1.12 per share when it actually produced earnings of $1.21, delivering a surprise of +8.04%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. IdaCorp, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $469.8 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.8%. This compares to year-ago revenues of $450.88 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. IdaCorp shares have added about 14.1% since the beginning of the year versus the S&P 500's gain of 6.9%. While IdaCorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for IdaCorp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.55 on $569.55 million in revenues for the coming quarter and $6.39 on $1.88 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. PPL (PPL), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 7. This energy and utility holding company is expected to post quarterly earnings of $0.35 per share in its upcoming report, which represents a year-over-year change of +9.4%. The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. PPL's revenues are expected to be $2.18 billion, up 7.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report IDACORP, Inc. (IDA) : Free Stock Analysis Report PPL Corporation (PPL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research