IDA IDACORP, Inc. Common Stock
About IDACORP, Inc. Common Stock Company overview from Wikipedia
IDACORP, Inc is an electricity holding company, incorporated in Idaho with headquarters in Boise. It comprises Idaho Power Company, IDACORP Financial and Ida-West Energy. It was formed on October 1, 1998.
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IDACORP, Inc is an electricity holding company, incorporated in Idaho with headquarters in Boise. It comprises Idaho Power Company, IDACORP Financial and Ida-West Energy. It was formed on October 1, 1998.
## Energy mix
In 2020, hydroelectric power represented 41.7% of power generated, though it still uses coal-fired and natural gas generators.
^ Market purchases make up the remaining 7.4%
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
IDA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
IDA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| Aug. 5, 2026 | $0.8800 |
| May 5, 2026 | $0.8800 |
| Feb. 5, 2026 | $0.8800 |
| Nov. 5, 2025 | $0.8800 |
| Aug. 5, 2025 | $0.8600 |
| May 5, 2025 | $0.8600 |
| Feb. 5, 2025 | $0.8600 |
| Nov. 5, 2024 | $0.8600 |
| Aug. 5, 2024 | $0.8300 |
| May 3, 2024 | $0.8300 |
| Feb. 2, 2024 | $0.8300 |
| Oct. 31, 2023 | $0.8300 |
| Aug. 1, 2023 | $0.7900 |
| May 2, 2023 | $0.7900 |
| Feb. 3, 2023 | $0.7900 |
| Nov. 1, 2022 | $0.7900 |
| Aug. 2, 2022 | $0.7500 |
| May 2, 2022 | $0.7500 |
| Feb. 2, 2022 | $0.7500 |
| Nov. 4, 2021 | $0.7500 |
IDA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 5 38.5%
- Buy 5 38.5%
- Hold 3 23.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
10 analysts · 2026-08-13Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.79 | $1.79 | 0.00% |
| March 31, 2026 | $1.21 | $1.12 | 0.09% |
| Dec. 31, 2025 | $0.78 | $0.74 | 0.04% |
| Sept. 30, 2025 | $2.26 | $2.28 | -0.02% |
| June 30, 2025 | $1.76 | $1.80 | -0.04% |
| March 31, 2025 | $1.10 | $1.06 | 0.04% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| IDA | — | 21.5 | -1.2% | 18.5% | 9.4% | — |
| LNT | $16.72B | 20.7 | 9.6% | 18.6% | 11.3% | — |
| PNW | — | 17.6 | 4.2% | 11.8% | 9.2% | — |
| OGE | $8.80B | 18.4 | 9.2% | 14.4% | 9.8% | — |
| OKLO | $11.52B | -99.7 | — | — | -9.7% | — |
| POR | $5.55B | 17.3 | 4.0% | 8.6% | 7.7% | — |
| TXNM | $6.41B | 39.8 | 9.9% | 7.8% | 5.7% | — |
| OTTR | $3.39B | 12.3 | -2.3% | 21.2% | 15.2% | — |
| MGEE | $2.87B | 21.1 | — | -402.1% | 10.6% | — |
| NEE | $167.22B | 24.3 | 9.8% | 26.5% | 13.1% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.75B | $1.77B | $1.64B | $1.56B | $1.38B | $1.29B | $1.29B | $1.31B | $1.32B | $1.22B | $1.27B | $1.28B | |
| Operating Expenses | $1.46B | $1.50B | $1.45B | $1.32B | $1.13B | $1.04B | $1.05B | $1.07B | $1.03B | $978M | $988M | $1.03B | |
| Operating Income | $354M | $328M | $313M | $327M | $330M | $310M | $298M | $297M | $316M | $284M | $282M | $254M | |
| Interest Expense | $168M | $136M | $116M | $89M | $87M | $87M | $86M | $86M | $84M | $82M | $82M | $80M | |
| Other Non-op | $57M | $55M | $37M | $11M | $-3M | $4M | $7M | $-3M | $-2M | $-2M | $7M | $6M | |
| Pretax Income | $310M | $305M | $289M | $297M | $283M | $267M | $258M | $245M | $262M | $235M | $240M | $211M | |
| Income Tax | $-14M | $15M | $27M | $38M | $37M | $29M | $25M | $17M | $49M | $36M | $46M | $17M | |
| Net Income | $323M | $289M | $261M | $259M | $246M | $237M | $233M | $227M | $212M | $198M | $195M | $193M | |
| EPS (Basic) | $5.96 | $5.50 | $5.15 | $5.11 | $4.85 | $4.70 | $4.61 | $4.50 | $4.22 | $3.94 | $3.88 | $3.86 | |
| EPS (Diluted) | $5.90 | $5.50 | $5.14 | $5.11 | $4.85 | $4.69 | $4.61 | $4.49 | $4.21 | $3.94 | $3.87 | $3.85 | |
| Shares (Basic) | 54,235,000 | 52,543,000 | 50,717,000 | 50,658,000 | 50,599,000 | 50,538,000 | 50,502,000 | 50,432,000 | 50,361,000 | 50,298,000 | 50,220,000 | 50,131,000 | |
| Shares (Diluted) | 54,806,000 | 52,615,000 | 50,806,000 | 50,699,000 | 50,645,000 | 50,572,000 | 50,537,000 | 50,510,000 | 50,424,000 | 50,373,000 | 50,292,000 | 50,199,000 | |
| EBITDA | $612M | $556M | $513M | $501M | $509M | $485M | $472M | $466M | $470M | $419M | $425M | $391M |
Balance Sheet 22
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $216M | $369M | $327M | $178M | $215M | $275M | $217M | $267M | $77M | $61M | $115M | $57M | |
| Short-term Investments | · | · | · | · | $0 | $25M | $0 | · | · | · | · | · | |
| Receivables | $98M | $115M | $107M | $114M | $79M | $73M | $73M | $77M | $75M | $72M | $74M | $79M | |
| Prepaid Expense | $31M | $29M | $23M | $25M | $25M | $20M | $18M | $16M | $17M | $18M | $18M | $18M | |
| Other Current Assets | $3.0K | $0 | $71.0K | $40M | $6M | $2M | $405.0K | $4M | $18.0K | $6M | $288.0K | $603.0K | |
| Current Assets | $833M | $988M | $1.00B | $694M | $596M | $642M | $565M | $598M | $444M | $440M | $462M | $442M | |
| PP&E (Net) | · | $6.52B | $5.75B | $5.17B | $4.90B | $4.71B | $4.53B | $4.40B | $4.28B | $4.17B | $3.99B | $3.83B | |
| Other Non-current Assets | $56M | $62M | $54M | $59M | $59M | $59M | $61M | $63M | $59M | $62M | $40M | $24M | |
| Total Assets | $10.23B | $9.24B | $8.48B | $7.54B | $7.21B | $7.10B | $6.64B | $6.38B | $6.05B | $6.29B | $6.02B | $5.70B | |
| Accounts Payable | $345M | $307M | $309M | $293M | $146M | $121M | $111M | $111M | $90M | $106M | $96M | $89M | |
| Short-term Debt | · | · | · | · | · | · | · | $0 | $0 | $22M | $20M | $31M | |
| Current Liabilities | $898M | $701M | $634M | $549M | $326M | $288M | $375M | $259M | $201M | $250M | $242M | $242M | |
| Deferred Tax | $803M | $822M | $883M | $874M | $842M | $800M | $746M | $700M | $661M | $1.24B | $1.14B | $1.07B | |
| Other Non-current Liabilities | $230M | $182M | $160M | $77M | $63M | $49M | $45M | $43M | $45M | $45M | $46M | $44M | |
| Long-term Debt | $3.33B | $3.05B | $2.78B | $2.19B | $2.00B | $2.00B | $1.84B | $1.83B | $1.75B | $1.75B | $1.73B | $1.60B | |
| Total Debt | $3.45B | $3.07B | $2.83B | $2.19B | $2.00B | $2.00B | $1.84B | $1.83B | $1.75B | $1.77B | $1.75B | $1.65B | |
| Common Stock | $1.30B | $1.19B | $889M | $882M | $875M | $869M | $868M | $864M | $857M | $852M | $849M | $845M | |
| Retained Earnings | $2.28B | $2.15B | $2.04B | $1.94B | $1.83B | $1.73B | $1.63B | $1.53B | $1.43B | $1.32B | $1.23B | $1.13B | |
| Treasury Stock | · | · | · | · | · | $0 | $2M | $2M | $1M | $243.0K | $57.0K | $280.0K | |
| AOCI | $-15M | $-14M | $-17M | $-13M | $-40M | $-43M | $-36M | $-23M | $-31M | $-21M | $-21M | $-24M | |
| Stockholders' Equity | $3.57B | $3.33B | $2.91B | $2.81B | $2.67B | $2.56B | $2.46B | $2.37B | $2.25B | $2.15B | $2.06B | $1.95B | |
| Liabilities + Equity | $10.23B | $9.24B | $8.48B | $7.54B | $7.21B | $7.10B | $6.64B | $6.38B | $6.05B | $6.29B | $6.02B | $5.70B |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $258M | $228M | $200M | $174M | $179M | $176M | $174M | $169M | $166M | $147M | $143M | $137M | |
| Deferred Tax | $-45M | $-89M | $-22M | $-10M | $-633.0K | $10M | $11M | $2M | $24M | $33M | $35M | $14M | |
| Other Non-cash | $65M | $166M | $-172M | $-72M | $-61M | $-35M | $-51M | $94M | $36M | $-31M | $-19M | $20M | |
| Operating Cash Flow | $602M | $594M | $267M | $351M | $363M | $388M | $367M | $492M | $435M | $344M | $353M | $364M | |
| CapEx | $1.18B | $1.01B | $611M | $433M | $300M | $311M | $279M | $278M | $285M | $297M | $294M | $274M | |
| Investing Cash Flow | $-1.03B | $-918M | $-590M | $-424M | $-274M | $-347M | $-280M | $-258M | $-280M | $-294M | $-292M | $-272M | |
| Debt Issued | $400M | $300M | $872M | $198M | $0 | $310M | $166M | $220M | $0 | $120M | $250M | $0 | |
| Net Debt Issued | $380M | $250M | $647M | $194M | $0 | $135M | $0 | $90M | $-1M | $19M | $129M | $-1M | |
| Stock Issued | $98M | $298M | $0 | $0 | · | · | · | · | · | · | $0 | $195.0K | |
| Stock Repurchased | $3M | $4M | $3M | $3M | $3M | $5M | $4M | $4M | $3M | $3M | $3M | $3M | |
| Net Stock Activity | $94M | $295M | $-3M | $-3M | $-3M | $-5M | $-4M | $-4M | $-3M | $-3M | $-3M | $-3M | |
| Dividends Paid | $188M | $177M | $164M | $154M | $146M | $138M | $130M | $121M | $113M | $105M | $97M | $88M | |
| Financing Cash Flow | $274M | $365M | $473M | $35M | $-149M | $17M | $-136M | $-43M | $-140M | $-104M | $-3M | $-113M | |
| Net Change in Cash | $-153M | $41M | $150M | $-38M | $-60M | $58M | $-50M | $191M | $15M | $-53M | $58M | $-21M | |
| Taxes Paid | $24M | $25M | $6M | $46M | $34M | $10M | $14M | $5M | $15M | $3M | $9M | $11M | |
| Free Cash Flow | $-577M | $-415M | $-344M | $-81M | $63M | $77M | $88M | $214M | $153M | $51M | $59M | $90M | |
| Levered FCF | $-753M | $-544M | $-450M | $-159M | $-12M | $-823.8K | $10M | $134M | $84M | $-19M | $-7M | $17M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 20.3% | 18.5% | 19.1% | 21.0% | 23.8% | 24.1% | 23.2% | 22.6% | 22.6% | 21.5% | 22.2% | 19.8% | |
| Net Margin | 18.5% | 16.4% | 15.9% | 16.6% | 17.8% | 18.4% | 18.1% | 17.3% | 15.7% | 15.7% | 15.3% | 15.1% | |
| Pretax Margin | 17.8% | 17.2% | 17.6% | 19.1% | 20.4% | 20.7% | 20.1% | 18.7% | 19.4% | 18.6% | 18.9% | 16.4% | |
| EBITDA Margin | 35.0% | 31.4% | 31.3% | 32.1% | 36.8% | 37.7% | 36.7% | 35.5% | 34.8% | 33.2% | 33.4% | 30.5% | |
| ROA | 3.3% | 3.3% | 3.3% | 3.5% | 3.4% | 3.5% | 3.6% | 3.6% | 3.4% | 3.2% | 3.3% | 3.5% | |
| ROE | 9.4% | 8.8% | 9.0% | 9.5% | 9.4% | 9.4% | 9.4% | 9.6% | 9.4% | 9.2% | 9.5% | 9.9% | |
| ROIC | 5.3% | 4.9% | 5.0% | 5.7% | 6.1% | 6.1% | 6.3% | 6.6% | 6.2% | 5.9% | 6.0% | 6.5% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 1.4 | 1.6 | 1.3 | 1.8 | 2.2 | 1.5 | 2.3 | 2.2 | 1.8 | 1.9 | 1.8 | |
| Quick Ratio | 0.3 | 0.7 | 0.7 | 0.5 | 0.9 | 1.3 | 0.8 | 1.3 | 0.8 | 0.5 | 0.8 | 0.6 | |
| Debt / Equity | 1.0 | 0.9 | 1.0 | 0.8 | 0.7 | 0.8 | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | |
| LT Debt / Equity | 0.9 | 0.9 | 1.0 | 0.8 | 0.7 | 0.8 | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | |
| Interest Coverage | 2.1 | 2.4 | 2.7 | 3.7 | 3.8 | 3.5 | 3.4 | 3.5 | 3.6 | 3.3 | 3.4 | 3.2 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| Receivables Turnover | 16.4 | 15.9 | 14.8 | 16.1 | 18.2 | 17.7 | 17.2 | 17.2 | 18.4 | 17.4 | 16.6 | 14.5 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -1.2% | 7.9% | 5.2% | 12.7% | 7.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.9% | 8.6% | 8.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.3% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 7.3% | 7.0% | 0.59% | 5.4% | 3.4% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 4.9% | 4.3% | 3.1% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 4.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 11.9% | 10.7% | 0.85% | 5.5% | 3.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 7.7% | 5.6% | 3.2% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 6.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 6.5% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.75B | $1.77B | $1.64B | $1.56B | $1.38B | $1.29B | $1.29B | $1.31B | $1.32B | $1.22B | $1.27B | $1.28B | |
| Net Income TTM | $323M | $289M | $261M | $259M | $246M | $237M | $233M | $227M | $212M | $198M | $195M | $193M | |
| P/E | 21.5 | 19.9 | 19.1 | 21.1 | 23.4 | 20.5 | 23.2 | 20.7 | 21.7 | 20.4 | 17.6 | 17.2 | |
| Earnings Yield | 4.7% | 5.0% | 5.2% | 4.7% | 4.3% | 4.9% | 4.3% | 4.8% | 4.6% | 4.9% | 5.7% | 5.8% | |
| Payout Ratio | 58.3% | 61.1% | 62.6% | 59.6% | 59.5% | 58.1% | 55.7% | 53.5% | 53.3% | 52.9% | 49.7% | 45.7% | |
| Annual Payout | $188M | $177M | $164M | $154M | $146M | $138M | $130M | $121M | $113M | $105M | $97M | $88M |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $468M | $384M | $360M | $526M | $449M | $411M | $376M | $532M | $443M | $418M | $372M | $497M | $385M | $386M | $379M | $515M | |
| Operating Expenses | $339M | $322M | $352M | $380M | $350M | $378M | $357M | $395M | $348M | $399M | $375M | $385M | $332M | $362M | $366M | $390M | |
| Operating Income | $131M | $81M | $54M | $145M | $101M | $55M | $41M | $134M | $103M | $50M | $37M | $126M | $82M | $68M | $57M | $128M | |
| Interest Expense | $47M | $44M | $44M | $45M | $42M | $37M | $36M | $34M | $32M | $33M | · | · | · | · | · | · | |
| Other Non-op | $14M | $11M | $14M | $15M | $15M | $14M | $15M | $13M | $13M | $14M | $12M | $8M | $9M | $8M | $5M | $3M | |
| Pretax Income | $117M | $68M | $41M | $132M | $89M | $47M | $34M | $130M | $98M | $43M | $30M | $119M | $77M | $63M | $50M | $122M | |
| Income Tax | $14M | $411.0K | $-2M | $8M | $-7M | $-12M | $-4M | $16M | $8M | $-6M | $-2M | $14M | $8M | $7M | $8M | $15M | |
| Net Income | $103M | $68M | $44M | $124M | $96M | $60M | $38M | $114M | $90M | $48M | $31M | $105M | $69M | $56M | $42M | $106M | |
| EPS (Basic) | $1.84 | $1.24 | $0.79 | $2.30 | $1.77 | $1.10 | $0.70 | $2.13 | $1.72 | $0.95 | $0.61 | $2.08 | $1.35 | $1.11 | $0.83 | $2.10 | |
| EPS (Diluted) | $1.79 | $1.21 | $0.78 | $2.26 | $1.76 | $1.10 | $0.72 | $2.12 | $1.71 | $0.95 | $0.61 | $2.07 | $1.35 | $1.11 | $0.83 | $2.10 | |
| Shares (Basic) | 55,782,000 | 55,023,000 | -108,206,000 | 54,172,000 | 54,159,000 | 54,110,000 | -103,777,000 | 53,386,000 | 52,170,000 | 50,764,000 | -101,422,000 | 50,726,000 | 50,725,000 | 50,688,000 | -101,310,000 | 50,668,000 | |
| Shares (Diluted) | 57,229,000 | 56,289,000 | -108,755,000 | 55,055,000 | 54,380,000 | 54,126,000 | -103,898,000 | 53,485,000 | 52,236,000 | 50,792,000 | -101,480,000 | 50,805,000 | 50,758,000 | 50,723,000 | -101,370,000 | 50,722,000 | |
| EBITDA | $131M | $149M | · | $145M | $101M | $116M | · | $134M | $103M | $105M | · | $126M | $82M | $115M | · | $128M |
Balance Sheet 19
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $84M | $338M | $216M | $333M | $474M | $634M | $369M | $428M | $170M | $158M | · | $445M | $135M | $358M | · | $226M | |
| Receivables | $112M | $99M | $98M | $139M | $128M | $131M | $115M | $152M | $132M | $116M | · | $135M | $113M | $101M | · | $137M | |
| Prepaid Expense | $39M | $25M | $31M | $31M | $21M | $24M | $29M | $29M | $24M | $21M | · | $23M | $24M | $19M | · | $20M | |
| Other Current Assets | $411.0K | $29.0K | $3.0K | $104.0K | $4M | $9M | $0 | $42.0K | $131.0K | $27.0K | · | $496.0K | $313.0K | $859.0K | · | $18M | |
| Current Assets | $945M | $1.05B | $833M | $960M | $1.08B | $1.22B | $988M | $1.03B | $814M | $780M | · | $1.04B | $734M | $991M | · | $660M | |
| PP&E (Net) | · | · | · | · | · | $6.68B | · | $6.32B | $6.12B | $5.85B | · | $5.55B | $5.46B | $5.29B | · | $5.08B | |
| Other Non-current Assets | $65M | $56M | $56M | $55M | $64M | $65M | $62M | $64M | $64M | $53M | · | $65M | $63M | $66M | · | $57M | |
| Total Assets | $10.87B | $10.59B | $10.23B | $10.08B | $9.94B | $9.59B | $9.24B | $9.11B | $8.68B | $8.35B | $8.48B | $8.29B | $7.84B | $7.88B | $7.54B | $7.52B | |
| Accounts Payable | $341M | $281M | $345M | $317M | $276M | $267M | $307M | $241M | $206M | $200M | · | $227M | $224M | $202M | · | $185M | |
| Current Liabilities | $958M | $865M | $898M | $885M | $742M | $673M | $701M | $606M | $526M | $505M | · | $489M | $468M | $533M | · | $475M | |
| Deferred Tax | $798M | $800M | $803M | $780M | $779M | $786M | $822M | $864M | $867M | $875M | · | $879M | $861M | $868M | · | $828M | |
| Other Non-current Liabilities | $262M | $236M | $230M | $202M | $173M | $174M | $182M | $184M | $179M | $161M | · | $151M | $123M | $121M | · | $68M | |
| Long-term Debt | $3.79B | $3.79B | $3.33B | $3.45B | $3.45B | $3.45B | $3.05B | $3.12B | $2.83B | $2.83B | · | · | · | $2.61B | · | $2.15B | |
| Total Debt | $3.79B | $3.79B | · | $3.45B | $3.45B | $3.45B | · | $3.12B | $2.83B | $2.83B | · | $2.83B | $2.48B | $2.61B | · | $2.15B | |
| Common Stock | $1.43B | $1.35B | $1.30B | $1.21B | $1.20B | $1.20B | $1.19B | $1.13B | $1.12B | $890M | · | $886M | $884M | $882M | · | $880M | |
| Retained Earnings | $2.36B | $2.30B | $2.28B | $2.29B | $2.21B | $2.16B | $2.15B | $2.16B | $2.09B | $2.04B | · | $2.05B | $1.98B | $1.95B | · | $1.94B | |
| AOCI | $-15M | $-15M | $-15M | $-13M | $-13M | $-14M | $-14M | $-16M | $-17M | $-17M | · | $-12M | $-13M | $-13M | · | $-38M | |
| Stockholders' Equity | $3.77B | $3.64B | $3.57B | $3.48B | $3.40B | $3.35B | $3.33B | $3.27B | $3.20B | $2.92B | $2.91B | $2.92B | $2.85B | $2.82B | $2.81B | $2.78B | |
| Liabilities + Equity | $10.87B | $10.59B | $10.23B | $10.08B | $9.94B | $9.59B | $9.24B | $9.11B | $8.68B | $8.35B | · | $8.29B | $7.84B | $7.88B | · | $7.52B |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $69M | $68M | $68M | $67M | $63M | $61M | $59M | $58M | $56M | $55M | $53M | $52M | $48M | $46M | $46M | $46M | |
| Other Non-cash | · | $-60M | · | · | · | $4M | · | · | · | $6M | · | · | · | $-193M | · | · | |
| Operating Cash Flow | $103M | $76M | $138M | $163M | $177M | $124M | $136M | $202M | $146M | $110M | $105M | $155M | $97M | $-90M | $82M | $113M | |
| CapEx | $437M | $372M | $354M | $291M | $333M | $201M | $185M | $218M | $346M | $260M | $184M | $153M | $156M | $118M | $127M | $111M | |
| Investing Cash Flow | $-383M | $-296M | $-298M | $-257M | $-291M | $-183M | $-161M | $-198M | $-324M | $-235M | $-178M | $-148M | $-155M | $-109M | $-134M | $-86M | |
| Debt Issued | $0 | $350M | $0 | $0 | $0 | $400M | $0 | $300M | $0 | $0 | $0 | $350M | $0 | $522M | $48M | $0 | |
| Net Debt Issued | · | $350M | · | · | · | $380M | · | · | · | $0 | · | · | · | $422M | · | · | |
| Stock Issued | $76M | $53M | $93M | $1M | $2M | $2M | $64M | $1M | $232M | $2M | $0 | $0 | $0 | $0 | · | · | |
| Net Stock Activity | · | $53M | · | · | · | $2M | · | · | · | $2M | · | · | · | · | · | · | |
| Dividends Paid | $49M | $49M | $48M | $47M | $47M | $47M | $47M | $44M | $42M | $43M | $43M | $40M | $40M | $41M | $40M | $38M | |
| Financing Cash Flow | $26M | $343M | $43M | $-47M | $-46M | $324M | $-34M | $254M | $189M | $-45M | $-45M | $304M | $-166M | $380M | $3M | $-38M | |
| Net Change in Cash | $-254M | $122M | $-117M | $-141M | $-160M | $266M | $-59M | $258M | $12M | $-170M | $-118M | $311M | $-223M | $180M | $-49M | $-12M | |
| Taxes Paid | · | · | $19M | $5M | · | · | $16M | $7M | · | · | $4M | $2M | · | · | $8M | $32M | |
| Free Cash Flow | · | $-296M | · | · | · | $-77M | · | · | · | $-150M | · | · | · | $-209M | · | · | |
| Levered FCF | · | $-340M | · | · | · | $-124M | · | · | · | · | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 27.9% | 21.2% | · | 27.5% | 22.4% | 13.4% | · | 25.1% | 23.3% | 11.9% | · | 25.4% | 21.4% | 17.7% | · | 24.9% | |
| Net Margin | 21.9% | 17.7% | · | 23.6% | 21.3% | 14.5% | · | 21.3% | 20.2% | 11.5% | · | 21.2% | 17.8% | 14.5% | · | 20.6% | |
| Pretax Margin | 25.0% | 17.8% | · | 25.1% | 19.9% | 11.5% | · | 24.4% | 22.1% | 10.2% | · | 24.1% | 20.0% | 16.4% | · | 23.7% | |
| EBITDA Margin | 27.9% | 38.9% | · | 27.5% | 22.4% | 28.1% | · | 25.1% | 23.3% | 25.1% | · | 25.4% | 21.4% | 29.7% | · | 24.9% | |
| ROA | 0.99% | 0.67% | · | 1.3% | 1.0% | 0.66% | · | 1.3% | 1.1% | 0.59% | · | 1.3% | 0.90% | 0.74% | · | 1.4% | |
| ROE | 2.9% | 1.9% | · | 3.7% | 2.9% | 1.9% | · | 3.7% | 3.0% | 1.7% | · | 3.7% | 2.5% | 2.0% | · | 3.9% | |
| ROIC | 1.5% | 1.1% | · | 2.0% | 1.6% | 1.0% | · | 1.8% | 1.6% | 0.98% | · | 1.9% | 1.4% | 1.1% | · | 2.3% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.2 | · | 1.1 | 1.5 | 1.8 | · | 1.7 | 1.5 | 1.5 | · | 2.1 | 1.6 | 1.9 | · | 1.4 | |
| Quick Ratio | 0.2 | 0.5 | · | 0.5 | 0.8 | 1.1 | · | 1.0 | 0.6 | 0.5 | · | 1.2 | 0.5 | 0.9 | · | 0.8 | |
| Debt / Equity | 1.0 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | 0.9 | 1.0 | · | 1.0 | 0.9 | 0.9 | · | 0.8 | |
| LT Debt / Equity | 1.0 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 0.9 | 0.9 | 1.0 | · | 1.0 | 0.9 | 0.9 | · | 0.7 | |
| Interest Coverage | 2.8 | 1.8 | · | 3.2 | 2.4 | 1.5 | · | · | · | · | · | · | · | · | · | · |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.1 | 0.0 | 0.0 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 3.9 | 3.3 | · | 3.6 | 3.4 | 3.3 | · | 3.7 | 3.6 | 3.8 | · | 3.7 | 3.8 | 4.2 | · | 4.1 |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.83B | $1.77B | · | $1.92B | $1.84B | $1.80B | · | $1.89B | $1.74B | $1.69B | · | $1.78B | $1.63B | $1.56B | · | $1.61B | |
| Net Income TTM | $391M | $348M | · | $393M | $359M | $311M | · | $357M | $312M | $278M | · | $336M | $295M | $273M | · | $315M | |
| P/E | 21.6 | 22.6 | · | 18.3 | 17.3 | 19.8 | · | 15.0 | 15.3 | 17.0 | · | 14.1 | 17.6 | 20.1 | · | 15.9 | |
| Earnings Yield | 4.6% | 4.4% | · | 5.5% | 5.8% | 5.1% | · | 6.6% | 6.5% | 5.9% | · | 7.1% | 5.7% | 5.0% | · | 6.3% | |
| Payout Ratio | · | 72.4% | · | · | · | 78.7% | · | · | · | 88.7% | · | · | · | 72.2% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $1.75B | $1.77B | $1.64B | $1.56B | $1.38B |
| Operating Margin % | 20.3% | 18.5% | 19.1% | 21.0% | 23.8% |
| Net Income | $323M | $289M | $261M | $259M | $246M |
| Diluted EPS | $5.90 | $5.50 | $5.14 | $5.11 | $4.85 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.0 | 0.9 | 1.0 | 0.8 | 0.7 |
| Current Ratio | 0.9 | 1.4 | 1.6 | 1.3 | 1.8 |
| Quick Ratio | 0.3 | 0.7 | 0.7 | 0.5 | 0.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-577M | $-415M | $-344M | $-81M | $63M |
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Institutional owners (13F) 595 filers · $6.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 71 (-11 vs prior Q) | 44 (+2 vs prior Q) | 197 (-1 vs prior Q) | 170 (+22 vs prior Q) | +7.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $704,341,077 | 5,565,274 | 10.83% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $498,141,179 | 3,292,407 | 7.66% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $377,519,978 | 2,495,175 | 5.81% | Shares |
| Capital World Investors | $297,026,865 | 1,963,165 | 4.57% | Shares |
| STATE STREET CORP | $290,710,513 | 1,921,200 | 4.47% | Shares |
| Pictet Asset Management Holding SA | $259,072,752 | 1,712,288 | 3.99% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $248,957,644 | 1,645,457 | 3.83% | Shares |
| FMR LLC | $248,350,639 | 1,641,445 | 3.82% | Shares |
| TWO SIGMA INVESTMENTS, LP | $217,845,976 | 1,439,828 | 3.35% | Shares |
| REAVES W H & CO INC | $203,216,023 | 1,343,133 | 3.13% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $167,123,936 | 1,104,236 | 2.57% | Shares |
| ALLIANCEBERNSTEIN L.P. | $158,749,170 | 1,110,367 | 2.44% | Shares |
| JENNISON ASSOCIATES LLC | $144,935,568 | 957,935 | 2.23% | Shares |
| NEUBERGER BERMAN GROUP LLC | $133,263,508 | 880,790 | 2.05% | Shares |
| CITADEL ADVISORS LLC | $121,403,120 | 802,400 | 1.87% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $106,110,273 | 701,325 | 1.63% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $90,536,104 | 598,388 | 1.39% | Shares |
| SOROS FUND MANAGEMENT LLC | $82,622,661 | 546,085 | 1.27% | Shares |
| Capital Research Global Investors | $77,726,290 | 513,723 | 1.20% | Shares |
| Zimmer Partners, LP | $69,683,031 | 460,562 | 1.07% | Shares |
| TWO SIGMA ADVISERS, LP | $65,039,184 | 513,900 | 1.00% | Shares |
| ANCHOR CAPITAL ADVISORS LLC | $59,859,698 | 395,636 | 0.92% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $58,311,777 | 385,405 | 0.90% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $52,963,322 | 350,055 | 0.81% | Shares |
| Squarepoint Ops LLC | $47,982,526 | 317,135 | 0.74% | Shares |
| MAIRS & POWER INC | $46,898,461 | 309,970 | 0.72% | Shares |
| Energy Income Partners, LLC | $45,324,033 | 299,564 | 0.70% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $43,172,396 | 285,343 | 0.66% | Shares |
| Boston Trust Walden Corp | $42,908,831 | 283,601 | 0.66% | Shares |
| Brookfield Corp /ON/ | $42,664,482 | 281,986 | 0.66% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $42,642,089 | 281,838 | 0.66% | Shares |
| Bank of New York Mellon Corp | $41,956,398 | 277,306 | 0.65% | Shares |
| WESTWOOD HOLDINGS GROUP INC | $41,952,614 | 277,281 | 0.65% | Shares |
| GOLDMAN SACHS GROUP INC | $36,504,454 | 241,272 | 0.56% | Shares |
| RAYMOND JAMES FINANCIAL INC | $33,198,393 | 219,421 | 0.51% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $32,591,294 | 215,408 | 0.50% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $32,296,801 | 213,462 | 0.50% | Shares |
| Nuveen, LLC | $31,745,463 | 209,818 | 0.49% | Shares |
| Arbejdsmarkedets Tillaegspension | $30,532,340 | 201,800 | 0.47% | Shares |
| ProShare Advisors LLC | $27,819,531 | 183,870 | 0.43% | Shares |
| PALISADE CAPITAL MANAGEMENT, LP | $27,117,976 | 179,233 | 0.42% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $25,649,889 | 169,530 | 0.39% | Shares |
| RHUMBLINE ADVISERS | $24,942,967 | 164,858 | 0.38% | Shares |
| Point72 Asset Management, L.P. | $24,628,765 | 162,781 | 0.38% | Shares |
| Leeward Investments, LLC - MA | $24,140,823 | 159,556 | 0.37% | Shares |
| Tributary Capital Management, LLC | $23,310,655 | 154,069 | 0.36% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $21,938,500 | 145,000 | 0.34% | Shares |
| Retirement Systems of Alabama | $20,940,979 | 138,407 | 0.32% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $20,515,070 | 135,592 | 0.32% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $19,031,724 | 125,788 | 0.29% | Shares |
| DEUTSCHE BANK AG\ | $16,876,759 | 111,545 | 0.26% | Shares |
| Swiss National Bank | $16,809,430 | 111,100 | 0.26% | Shares |
| Bridgewater Associates, LP | $16,512,277 | 109,136 | 0.25% | Shares |
| Gotham Asset Management, LLC | $15,533,668 | 102,668 | 0.24% | Shares |
| M&G PLC | $14,639,299 | 96,949 | 0.23% | Shares |
| BW Gestao de Investimentos Ltda. | $14,461,557 | 95,582 | 0.22% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $14,289,831 | 94,447 | 0.22% | Shares |
| California Public Employees Retirement System | $14,199,354 | 93,849 | 0.22% | Shares |
| BANK OF AMERICA CORP /DE/ | $13,838,957 | 91,467 | 0.21% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $13,489,757 | 89,159 | 0.21% | Shares |
| CITADEL ADVISORS LLC | $13,450,570 | 88,900 | 0.21% | Call option |
| Quantinno Capital Management LP | $12,749,474 | 84,266 | 0.20% | Shares |
| STRS OHIO | $12,370,288 | 81,760 | 0.19% | Shares |
| AMERIPRISE FINANCIAL INC | $12,091,139 | 79,915 | 0.19% | Shares |
| Cubist Systematic Strategies, LLC | $11,850,210 | 89,673 | 0.18% | Shares |
| Schonfeld Strategic Advisors LLC | $11,847,848 | 78,307 | 0.18% | Shares |
| Boston Partners | $11,783,725 | 77,853 | 0.18% | Shares |
| Trexquant Investment LP | $11,580,502 | 76,540 | 0.18% | Shares |
| Zimmer Partners, LP | $11,347,500 | 75,000 | 0.17% | Call option |
| Legal & General Group Plc | $11,248,853 | 74,348 | 0.17% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $10,657,723 | 70,441 | 0.16% | Shares |
| TEMA ETFS LLC | $10,049,876 | 79,408 | 0.15% | Shares |
| D. E. Shaw & Co., Inc. | $9,921,195 | 65,573 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $9,692,508 | 67,794 | 0.15% | Shares |
| Aptus Capital Advisors, LLC | $9,685,924 | 64,018 | 0.15% | Shares |
| BlackRock, Inc. | $9,615,872 | 63,555 | 0.15% | Shares |
| ExodusPoint Capital Management, LP | $9,591,966 | 63,397 | 0.15% | Shares |
| CITADEL ADVISORS LLC | $9,577,290 | 63,300 | 0.15% | Put option |
| Aristotle Capital Boston, LLC | $9,142,910 | 60,429 | 0.14% | Shares |
| Magellan Asset Management Ltd | $8,857,707 | 58,544 | 0.14% | Shares |
| GABELLI FUNDS LLC | $8,694,001 | 57,462 | 0.13% | Shares |
| MILLENNIUM MANAGEMENT LLC | $8,124,810 | 53,700 | 0.12% | Shares |
| Clark Capital Management Group, Inc. | $7,981,996 | 52,756 | 0.12% | Shares |
| Ilex Capital Partners (UK) LLP | $7,578,012 | 50,086 | 0.12% | Shares |
| Nuveen Asset Management, LLC | $7,574,525 | 69,313 | 0.12% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $7,493,435 | 49,527 | 0.12% | Shares |
| KAYNE ANDERSON CAPITAL ADVISORS LP | $7,427,317 | 49,090 | 0.11% | Shares |
| LPL Financial LLC | $7,345,125 | 48,547 | 0.11% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $7,289,480 | 47,681 | 0.11% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $7,090,826 | 46,866 | 0.11% | Shares |
| SEI INVESTMENTS CO | $7,055,760 | 46,621 | 0.11% | Shares |
| UBS Group AG | $6,905,181 | 45,639 | 0.11% | Shares |
| Emerald Investment Advisers, LLC | $6,753,578 | 44,637 | 0.10% | Shares |
| THOMAS STORY & SON LLC | $6,690,675 | 44,221 | 0.10% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $6,525,720 | 43,131 | 0.10% | Shares |
| US BANCORP \DE\ | $6,519,971 | 43,093 | 0.10% | Shares |
| Vanguard Investments Australia, Ltd. | $6,486,685 | 42,873 | 0.10% | Shares |
| Phocas Financial Corp. | $6,354,600 | 42,000 | 0.10% | Shares |
| Entropy Technologies, LP | $6,325,550 | 41,808 | 0.10% | Shares |
| First Eagle Investment Management, LLC | $6,280,160 | 41,508 | 0.10% | Shares |
Company insiders 64 insiders · 32 officers · 31 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Lisa A Grow | President & CEO | Feb. 20, 2026 A | 36,312 | 0 | 0 | $0 |
| Brian R Buckham | EVP, CFO, and Treasurer | Feb. 20, 2026 A | 26,413 | 0 | 0 | $0 |
| Steven R Keen | SVP & CFO | Feb. 18, 2022 A | 23,112 | 0 | 0 | $0 |
| Adam J Richins | EVP and COO (IPC) | June 10, 2026 S | 18,550 | 0 | 1 | $-213,045 |
| James Bo D Hanchey | VP of Cust Op & CSO (IPC) | May 29, 2026 S | 2,138 | 0 | 1 | $-211,425 |
| Timothy E Tatum | VP Regulatory Affairs (IPC) | March 3, 2026 S | 2 | 0 | 1 | $-210,772 |
| Amy I Shaw | VP of Finance, Compl., & Risk | Feb. 20, 2026 A | 1,008 | 0 | 0 | $0 |
| Julia A Hilton | VP and General Counsel | Feb. 20, 2026 A | 2,313 | 0 | 1 | $-142,790 |
| Mitchel D Colburn | VP of Plan, Eng, & Const (IPC) | Feb. 20, 2026 A | 2,428 | 0 | 1 | $-185,445 |
| Ryan Adelman | VP of Power Supply (IPC) | Feb. 20, 2026 A | 5,424 | 0 | 0 | $0 |
| Sarah E Griffin | VP of Human Resources (IPC) | Feb. 20, 2026 A | 5,659 | 0 | 0 | $0 |
| Jeffrey L Malmen | SVP of Public Affairs | Feb. 20, 2026 A | 19,854 | 0 | 0 | $0 |
| Kenneth W Petersen | VP, CAO & Treasurer | Feb. 17, 2023 A | 16,665 | 0 | 0 | $0 |
| Patrick A Harrington | VP, GC, & Corp Sec | Feb. 17, 2023 A | 13,050 | 0 | 0 | $0 |
| Tom J Harvey | VP of Power Supply (IPC) | Aug. 3, 2020 S | 4 | 0 | 0 | $0 |
| Tessia Park | Fmr VP of Power Supply (IPC) | Feb. 21, 2020 A | 2,415 | 0 | 0 | $0 |
| Jeffrey Scott Glenn | VP of Corp Svcs & CIO | Feb. 22, 2019 A | 950 | 0 | 0 | $0 |
| Newell V Porter | VP T&D Eng & Constr & CSO | Feb. 22, 2019 A | 15,280 | 0 | 0 | $0 |
| Lonnie G Krawl | SVP Admin Svcs & CHRO | Feb. 23, 2018 A | 11,040 | 0 | 0 | $0 |
| Rex Blackburn | Sr Vice Pres/Retired 12/30/16 | Jan. 3, 2017 F | 26,893 | 0 | 0 | $0 |
| Daniel B Minor | Exec. V.P. | Feb. 19, 2016 A | 64,716 | 0 | 0 | $0 |
| Gregory W Said | VP, Regulatory Affairs | Feb. 20, 2015 A | 10,377 | 0 | 0 | $0 |
| Warren Kline | SVP - Customer Operations | Feb. 20, 2015 A | 14,237 | 0 | 0 | $0 |
| Luci K Mcdonald | VP - HR & Corp Services | Feb. 20, 2015 A | 25,157 | 0 | 0 | $0 |
| Lori D Smith | VP & Chief Risk Officer | Feb. 20, 2015 A | 1,165 | 0 | 0 | $0 |
| John R Gale | Sr VP Corporate Responsibility | Feb. 25, 2011 A | 13,931 | 0 | 0 | $0 |
| James Craig Miller | Senior V.P. - Power Supply | Aug. 31, 2009 F | 16,262 | 0 | 0 | $0 |
| Thomas R Saldin | Sr. VP & General Counsel | March 31, 2009 F | 11,500 | 0 | 0 | $0 |
| Gregory W Panter | V.P. - Public Affairs | Sept. 30, 2008 F | 5,242 | 0 | 0 | $0 |
| Bryan Kearney | V.P. & Chief Info. Officer | March 15, 2006 A | 7,860 | 0 | 0 | $0 |
| Robert W Stahman | V.P., Gen. Counsel & Secretary | Feb. 6, 2004 D | 12,386 | 0 | 0 | $0 |
| John P Prescott | V.P. - Power Supply | Feb. 6, 2004 D | 6,874 | 0 | 0 | $0 |
| Sharon L. Miller | Director | June 1, 2026 A | 689 | 0 | 0 | $0 |
| Scott W Madison | Director | March 1, 2026 A | 2,226 | 0 | 0 | $0 |
| Michael J. Kennedy | Director | March 1, 2026 A | 1,807 | 0 | 0 | $0 |
| Mark T Peters | Director | March 1, 2026 A | 7,371 | 0 | 0 | $0 |
| Odette C Bolano | Director | March 1, 2026 A | 7,829 | 0 | 0 | $0 |
| Susan Morris | Director | March 1, 2026 A | 4,717 | 0 | 0 | $0 |
| Nate Jorgensen | Director | March 1, 2026 A | 4,550 | 0 | 0 | $0 |
| Annette G Elg | Director | March 1, 2026 A | 10,245 | 0 | 0 | $0 |
| Dennis L Johnson | Director | March 1, 2026 A | 17,970 | 0 | 0 | $0 |
| Ron W Jibson | Director | March 1, 2025 A | 494 | 0 | 0 | $0 |
| Judi Johansen | Director | March 1, 2025 A | 28,760 | 0 | 0 | $0 |
| Richard J Navarro | Director | March 1, 2025 A | 15,421 | 0 | 0 | $0 |
| Jeff C Kinneeveauk | Director | March 1, 2024 A | 3,090 | 0 | 0 | $0 |
| Richard J Dahl | Director | March 1, 2024 A | 11,671 | 0 | 0 | $0 |
| Thomas E Carlile | Director | March 1, 2023 A | 13,863 | 0 | 0 | $0 |
| Darrel T Anderson | Director | March 1, 2022 A | 126,716 | 0 | 0 | $0 |
| Christine King | Director | March 1, 2021 A | 10,194 | 0 | 0 | $0 |
| Robert A Tinstman | Director | March 1, 2019 A | 24,668 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 108 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| UTES · ETFis Series Trust I | 4.39% | 471,860 NS | April 30, 2026 | N-PORT |
| VOLT · Tema ETF Trust | 3.20% | 165,115 NS | May 31, 2026 | N-PORT |
| FPWR · First Trust Exchange-Traded Fund IV | 2.75% | 4,997 NS | April 30, 2026 | N-PORT |
| SMCO · Tidal Trust II | 2.31% | 20,126 NS | April 30, 2026 | N-PORT |
| FXU · First Trust Exchange-Traded AlphaDE… | 1.72% | 104,272 NS | April 30, 2026 | N-PORT |
| HSMV · First Trust Exchange-Traded Fund III | 1.56% | 3,214 NS | April 30, 2026 | N-PORT |
| REGL · ProShares Trust | 1.52% | 182,344 NS | May 31, 2026 | N-PORT |
| XMLV · Invesco Exchange-Traded Fund Trust … | 1.48% | 78,038 SH | Aug. 8, 2026 | Daily |
| OSCV · ETF Series Solutions | 1.38% | 63,713 NS | April 30, 2026 | N-PORT |
| SMMV · iShares Trust | 1.17% | 24,230 SH | Aug. 8, 2026 | Daily |
| GSC · Goldman Sachs ETF Trust | 1.08% | 19,465 NS | May 31, 2026 | N-PORT |
| EMLP · First Trust Exchange-Traded Fund IV | 0.95% | 262,474 NS | April 30, 2026 | N-PORT |
| ZAP · Global X Funds | 0.83% | 25,739 NS | April 30, 2026 | N-PORT |
| XMMO · Invesco Exchange-Traded Fund Trust | 0.71% | 374,952 SH | Aug. 8, 2026 | Daily |
| DVY · iShares Trust | 0.62% | 1,038,123 SH | Aug. 8, 2026 | Daily |
| VPU · VANGUARD WORLD FUND | 0.53% | 379,327 SH | Aug. 8, 2026 | Daily |
| NBSM · Neuberger Berman ETF Trust | 0.50% | 8,034 NS | May 31, 2026 | N-PORT |
| FUTY · FIDELITY COVINGTON TRUST | 0.50% | 82,839 NS | April 30, 2026 | N-PORT |
| IDU · iShares Trust | 0.49% | 47,264 SH | Aug. 8, 2026 | Daily |
| FFSM · FIDELITY COVINGTON TRUST | 0.48% | 41,618 NS | April 30, 2026 | N-PORT |
| SIXL · EXCHANGE TRADED CONCEPTS TRUST | 0.43% | 5,742 NS | May 31, 2026 | N-PORT |
| SMLF · iShares Trust | 0.42% | 125,928 SH | Aug. 8, 2026 | Daily |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.39% | 11,438 NS | April 30, 2026 | N-PORT |
| PAMC · Pacer Funds Trust | 0.38% | 1,623 NS | April 30, 2026 | N-PORT |
| OUSM · ALPS ETF Trust | 0.31% | 19,222 NS | May 31, 2026 | N-PORT |
| POWR · iShares, Inc. | 0.30% | 9,763 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.29% | 15,644 NS | May 31, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.23% | 6,165 NS | April 30, 2026 | N-PORT |
| EIPX · First Trust Exchange-Traded Fund IV | 0.23% | 8,342 NS | April 30, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.23% | 89,594 SH | Aug. 8, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.23% | 22,832 SH | Aug. 8, 2026 | Daily |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.23% | 28,429 SH | Aug. 8, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.23% | 7,116 SH | Aug. 8, 2026 | Daily |
| EIPI · First Trust Exchange-Traded Fund VI… | 0.23% | 17,001 NS | May 31, 2026 | N-PORT |
| IFRA · iShares Trust | 0.22% | 71,215 SH | Aug. 8, 2026 | Daily |
| IJK · iShares Trust | 0.22% | 168,706 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.21% | 1,911,637 SH | Aug. 8, 2026 | Daily |
| IJJ · iShares Trust | 0.21% | 135,384 SH | Aug. 8, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.20% | 8,474 NS | April 30, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.20% | 2,116 NS | April 30, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.19% | 11,463 SH | Aug. 8, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.19% | 29,961 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.18% | 806,570 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.18% | 111,494 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.16% | 156,508 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.16% | 1,869 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.16% | 260,001 NS | May 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.16% | 895 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 20,840 NS | April 30, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.14% | 2,123 NS | April 30, 2026 | N-PORT |