“In June and July 2026, Idaho Power received orders from the IPUC, OPUC, and WPSC authorizing the company to issue and sell from time to time up to $1.5 billion in aggregate principal amount of debt securities and first mortgage bonds, subject to conditions sp…”10-Q · Jul 30, 2026 ↗
IDACORP, Inc.
IDA
Market read
IDACORP, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
- Quarterly wholesale energy volumes sold fell sharply in Q2 2026 versus Q2 2025, reducing wholesale energy revenues.
Invalidation: The isolated read changes if IDA's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Quarterly wholesale energy volumes sold fell sharply in Q2 2026 versus Q2 2025, reducing wholesale energy revenues.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating margin changed +1.7 percentage points in the latest annual period.
- Net margin changed +2.2 percentage points in the latest annual period.
- Latest annual revenue changed -1.2% year over year.
- Diluted shares increased 4.2% in the latest annual period.
- Energy and commodity prices has repeated adverse evidence across 5 filings.
- EV/sales is 16% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
135.60Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The decrease in fuel expense in the first six months of 2026 compared with the same period of 2025 was primarily due to a 14 percent decrease in total MWh generated from jointly-owned thermal and natural gas facilities, partially offset by a 2 percent increas…”10-Q · Jul 30, 2026 ↗
“Income Taxes IDACORP's and Idaho Power's income tax expense increased $12.9 million and $13.6 million, respectively, for the three months ended March 31, 2026, when compared with the same period in 2025, primarily due to decreased ADITC amortization from the…”10-Q · Apr 30, 2026 ↗
“This increase was primarily driven by inflationary pressures on labor-related costs, professional services, and increases in statutory fees assessed by regulators.”10-K · Feb 19, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 4.3× · EV/sales 6.0×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for IDA. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for IDA. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind IDA
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
PWFiling-linked namecustomerApr 30, 2026 ▾
“Idaho Power's power cost adjustment mechanisms in its Idaho and Oregon jurisdictions address the variability of power supply costs and provide for annual adjustments to the rates charged to retail customers.”
MUMicron Technology, Inc.customerApr 30, 2026 ▾
“Large Customer Rate Proceedings In December 2024, Idaho Power filed an application with the IPUC for approval of a special contract for electric service for Micron Idaho Semiconductor Manufacturing (Triton) LLC, a subsidiary of Micron Technology, Inc.”
PWFiling-linked namesupplierFeb 19, 2026 ▾
“Also in December 2024, Idaho Power filed an application with the IPUC to grant a CPCN for Idaho Power to acquire and own two battery storage facilities with a total of 100 MW of operating capacity to address Idaho Power's identified capacity deficiency in 202…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
IDA is currently a Follower in the organic co-movement group Regulated Electric Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.