IDA
A utility story with a little extra juice
IDACORP, the parent of Idaho Power, said Thursday that second-quarter profit rose from a year ago. The company pointed to customer growth and higher rates as the main engines behind the bump — the kind of old-school utility drivers that sound sleepy until you realize they can be pretty powerful when they keep compounding.
The real headline: guidance got a lift
What makes this more than a routine quarterly update is the FY26 earnings guidance raise. That’s the part investors tend to lean in for, because it hints management sees the rest of the year going a bit better than they expected.
For a regulated utility, that can translate into a few things you actually care about:
- steadier earnings visibility
- stronger revenue from rate changes
- a customer base that’s still growing instead of stalling out
Why investors should care
Utilities are basically the slow-cooker stocks of the market: not flashy, but the recipe matters. If IDACORP can keep layering in customer growth and rates while also lifting guidance, that’s the kind of setup that can support the shares even when the broader market is acting like a caffeinated toddler.
Big picture: this looks like a solid quarter with a nicer-than-expected outlook, and for utility investors, that combination usually plays better than fireworks.