Filing Flows › Idacorp (IDA) › Q1 2026
Idacorp (IDA) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Idacorp (IDA) reported revenue of $403M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -0.5% from the quarter before. Operating margin was 20.1%, net earnings $68.1M (16.9% of revenue).
Idacorp, Q1 2026: revenue $403M (-7% year over year), operating margin 20.1%, net earnings $68.1M, operating cash flow $75.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $403M | -0.5% | -7% |
| Operating profit | $81.2M | +51% | +48% |
| Net earnings | $68.1M | +56% | +14% |
| Operating cash flow | $75.8M | -45% | -39% |
What changed
Revenue was $403.4M in Q1 2026, down 7% year over year and roughly flat from the previous quarter. Retail revenues was the largest line at 90% of revenue. Wholesale energy sales lost $14.7M year over year (down 75%), 51% of the total change.
Operating profit was $81.2M, a 20.1% margin (up 7.4 points year over year). Total costs fell 15% while revenue fell 7%. Net earnings were $68.0M, up 14% year over year. The effective tax rate was 0.6%.
Operating cash flow was $75.8M (down 39% year over year), 111% of net earnings. Non-cash charges added back $68.0M of depreciation and amortization. Working capital and other items used $60.2M. Capital expenditures of $371.5M exceeded it, leaving free cash flow of −$295.7M.
Questions
What was Idacorp's revenue in the first quarter 2026?
Idacorp (IDA) reported revenue of $403M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -0.5% from the quarter before.
Was Idacorp profitable in the first quarter 2026?
Operating profit was $81.2M (20.1% of revenue) and net earnings $68.1M.
Source: Idacorp 10-Q on SEC EDGAR.