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Idacorp (IDA) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Idacorp (IDA) Q3 2026 earnings results →

Q3 2026 Revenue up 17% year over year to $615M · 26¢ of every $1 of revenue kept as net profit · operating margin 29.1%

Idacorp made $615M in Q3 2026 (+17% Y/Y): Retail revenues $554M, Transmission Service Agreement $18.5M, Wholesale energy sales $17.0M. Operating margin 29.1%, net earnings $160M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$615M
Year over year+17%
Operating margin29.1%
Net earnings$160M
Operating cash flow$199M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $614.8M in Q3 2026, up 17% year over year. Retail revenues was the largest line at 90% of revenue. Retail revenues added $76.3M year over year (up 16%), 86% of the total change.

Operating profit was $178.7M, a 29.1% margin (up 1.6 points year over year). Of the extra revenue versus Q3 2025, 38% reached operating profit, above the 28% margin then. Total costs grew 14% against revenue growth of 17%. Net earnings were $160.2M, up 29% year over year. The effective tax rate was 1.8%.

Operating cash flow was $199.5M (up 22% year over year), 124% of net earnings. Non-cash charges added back $74.2M of depreciation and amortization. Working capital and other items used $35.2M. Capital expenditures of $369.8M exceeded it, leaving free cash flow of −$170.3M.

Quarterly history

Idacorp revenue by quarterIdacorp revenue by quarter$432MQ1 2025$451MQ2 2025$526MQ3 2025$405MQ4 2025$403MQ1 2026$470MQ2 2026$615MQ3 2026
Idacorp net earnings by quarterIdacorp net earnings by quarter$59.7MQ1 2025$96.1MQ2 2025$125MQ3 2025$43.7MQ4 2025$68.1MQ1 2026$103MQ2 2026$160MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$615M+17%29.1%$160M$199M
Q2 202610-QJul 30, 2026$470M+4%27.8%$103M$103M
Q1 202610-QApr 30, 2026$403M-7%20.1%$68.1M$75.8M
Q4 202510-KFeb 19, 2026$405M+2%13.2%$43.7M$138M
Q3 202510-QOct 30, 2025$526M-1%27.5%$125M$163M
Q2 202510-QJul 31, 2025$451M0%22.3%$96.1M$177M
Q1 202510-QMay 1, 2025$432M-4%12.7%$59.7M$124M

Charts

Idacorp: revenue growth, year over year and quarter over quarterIdacorp: revenue growth, year over year and quarter over quarterY/YQ/Q-4%Q1 20250%+4%Q2 2025-1%+17%Q3 2025+2%-23%Q4 2025-7%0%Q1 2026+4%+16%Q2 2026+17%+31%Q3 2026
Latest (Q3 2026): Y/Y +17%, Q/Q +31%.
Idacorp: where the cash came from (+) and went (−), TTM to Q3 2026Idacorp: where the cash came from (+) and went (−), TTM to Q3 2026Capital spending−$1.5BOperating cash flow$516MNet borrowing (+) / repaid (−)$428MShares issued$411MOther investing$253MDividends−$197MCash drawn (+) / kept (−)$145MOther financing−$24.3M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Idacorp: profit against cash, quarter by quarterIdacorp: profit against cash, quarter by quarterNet incomeOperating cash flow$89.8M$146MQ2 2024$114M$202MQ3 2024$38.0M$136MQ4 2024$59.7M$124MQ1 2025$96.1M$177MQ2 2025$125M$163MQ3 2025$43.7M$138MQ4 2025$160MQ3 2026
Latest (Q3 2026): Net income $160M, Operating cash flow —.
Idacorp: diluted shares by fiscal yearIdacorp: diluted shares by fiscal year51MFY202051MFY202151MFY202251MFY202353MFY202455MFY2025
+8.4% since FY2020: more shares outstanding (issuance, stock pay).
Idacorp: long-term debt falling due (FY2025)Idacorp: long-term debt falling due (FY2025)$116M2026$80.0M2030$3.3BLater
Cash $216M, short-term investments —, long-term debt $3.3B at 2025-12-31.
Idacorp in its industry: growth against margin (53 companies, SIC 4911)Idacorp in its industry: growth against margin (53 companies, SIC 4911)revenue growth, year over year →↑ operating marginmedian +10%median 24%Southern Power CoSONEEFlorida Power & Light CoCEGNRGAEP Texas Inc.VSTDAEPEIXFirstEnergy Pennsylvania Electric CoETI-PDTEFEEAITVEETRPublic Service Co of New HampshirePPLOncor Electric Delivery Co LLCCNPPNWWELPPTLNPuget Energy IncOGEHEPORHawaiian Electric Co IncTampa Electric CoBasin Electric Power CooperativeTXNMOglethorpe Power CorpIpalco Enterprises, Inc.Tucson Electric Power CoClearway Energy LLCCWENFirstEnergy Transmission, LLCTri-State Generation & Transmission Association, Inc.ITC Holdings Corp.BKHCleco Corporate Holdings LLCOld Dominion Electric CooperativeCleco Power LLCXIFROTTRORAHNRGGreenbacker Renewable Energy Co LLCSPRUOPTTIDA (+17%, 29%)
Electric Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Idacorp

IDACORP is a holding company incorporated in 1998 under the laws of the state of Idaho. Its principal operating subsidiary is Idaho Power. IDACORP is subject to the provisions of the Public Utility Holding Company Act of 2005, which provides the FERC and state utility regulatory commissions with access to books and records and imposes record retention and reporting requirements on IDACORP. Idaho Power was incorporated under the laws of the state of Idaho in 1989 as the successor to a Maine corporation that was organized in 1915 and began operations in 1916. Idaho Power is an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity and is regulated by the state regulatory commissions of Idaho and Oregon and by the FERC.

In its own words, from its 10-K, filed Feb 19, 2026.

Idacorp against its Electric Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +17% against the peers' median +14%. Operating margin: 29.1% against the peers' median 29.1%.

CompanyQuarterRevenueY/YOp. margin
IDA IdacorpQ3 2026$615M+17%29.1%
Southern PowerQ3 2026$8.8B+13%33.9%
NEE NextEra EnergyQ3 2026$8.1B+2%32.4%
Florida Power & LightQ2 2026$7.5B+12%29.7%
CEG Constellation EnergyQ2 2026$7.5B+23%7.7%
NRG NRG EnergyQ2 2026$7.5B+11%13.0%
AEP TexasQ3 2026$6.8B+14%26.5%
VST VistraQ3 2026$6.3B+28%26.9%
D Dominion EnergyQ3 2026$5.6B+24%32.8%

Source: Idacorp 10-Q on SEC EDGAR · CIK 1057877 · Electric Services

Guidance and outlook

Idacorp: what its forward-looking statements are about (10-Q filed 2026-07-30)Idacorp: what its forward-looking statements are about (10-Q filed 2026-07-30)Other2Demand1
3 statements; tone +0.00 (−1 all cautious, +1 all confident); 1 hedged.
Idacorp: outlook statements against the filing beforeIdacorp: outlook statements against the filing beforeDropped1

13F: who owns IDA and who is buying

Largest holders of IDA (13F)Largest holders of IDA (13F)BlackRock$1.0BVanguard Group$759MVanguard Portfolio Management LLC$498MVanguard Capital Management LLC$378MWellington Management Group LLP$371MFMR LLC$334MMorgan Stanley$334MT. Rowe Price Investment Manageme…$308MCapital World Investors$297MState Street$291M
Funds' net buying of IDA by quarter (13F)Funds' net buying of IDA by quarter (13F)−$205M2024-09−$61.5M2024-12$181M2025-03$652M2025-06$104M2025-09$235M2025-12$136M2026-03$561M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on IDA

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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