IDACORP INC IDA

IDACORP filed an 8-K on 15 May 2026 setting up an Equity Distribution Agreement under which the company can sell new shares through managers who each take a commission of up to 1.000% of the sales price. The timing makes sense once you read the balance sheet: this is a capital-hungry utility raising money where it can.

IDACORP is the holding company whose principal subsidiary, Idaho Power, runs a regulated electric utility. Its business is wires, generation and the steady delivery of power, which means heavy, continuous spending on physical plant and a revenue line that grows slowly and predictably rather than in leaps. In the year to 31 December 2025 the group reported revenue from contracts with customers of $1.75B and net income attributable to the parent of $323.5M, with operating income of $354.0M.

The 10-K for the period ending 31 December 2025 shows diluted earnings per share of $5.90 on 54.8 million weighted average diluted shares, total assets of $10.23B and stockholders' equity attributable to the parent of $3.57B. Cash from operations reached $601.8M, while payments to acquire property, plant and equipment came to $1.18B and cash and equivalents stood at $215.7M. That spending gap is the spine of the story: capex ran nearly double operating cash flow.

The supplied rail is SEC EDGAR rather than a chart route, so this file carries no price levels, candles or technical context; the evidence is the filing record itself, available through the EDGAR browse index, the submissions JSON and the companyfacts JSON for CIK 1057877. The market mechanism on display is straightforward equity funding: an at-the-market programme that converts future share sales into present cash for capital projects, at a metered commission to the managers running it.

What changed recently is procedural and frequent: three Form 4 insider statements on 1 and 11 June 2026, Rule 144 notices on 27 May and 9 June 2026, and the April 30 2026 8-K announcing first-quarter results for the period ended 31 March 2026, complete with a press release filed as Exhibit 99.1 and presentation slides as Exhibit 99.2. What remains unproven in this pack is the detail of those Q1 figures, which the rail has not parsed; only the full-year 10-K numbers above are confirmed. Parsed quarterly revenue, EPS and updated cash flow would deepen the file considerably.