While reporting financial results for the fourth quarter on Thursday, electric utility IDACORP, Inc. (IDA) initiated its earnings guidance for the full year 2026 in a range of $6.25 to $6.45 per share.
The guidance is based on expectation that Idaho Power will use less than $30 million of additional tax credits available under the Idaho regulatory mechanism in 2026. It also assumes normal weather conditions and power supply expenses throughout the year.
For the fourth quarter, the company reported net income attributable to IDACORP of $43.61 million or $0.78 per share, higher than $37.88 million or $0.70 per share in the prior-year quarter.
In Thursday's pre-market trading, IDA is trading on the NYSE at $142.74, up $1.00 or 0.71 percent.
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