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Last $38.64 USD
Change Today +0.83 / 2.20%
Volume 213.0K
EE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

el paso electric co (EE) Key Developments

El Paso Electric Co. Presents at Houlihan Lokey 2015 Corporate Governance Forum, Mar-12-2015

El Paso Electric Co. Presents at Houlihan Lokey 2015 Corporate Governance Forum, Mar-12-2015 . Venue: The Yale Club, 50 Vanderbilt Avenue, New York, NY 10017, United States. Speakers: Charles A. Yamarone, Chairman, Chairman of Compensation Committee, Member of Audit Committee and Member of Energy Resources and Environmental Committee.

El Paso Electric Company Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2014; Provides Capital Expenditure Guidance for 2016, 2017, 2018 and 2019

El Paso Electric Company reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating revenues net of energy expenses of $126,649,000 against $122,448,000 a year ago. Earnings before interest, taxes, depreciation and amortization was $34,744,000 against $28,113,000 a year ago. Income before income taxes was $6,431,000 against loss before income taxes of $1,482,000 a year ago. Net income was $4,241,000 against $1,191,000 a year ago. Diluted earnings per share were $0.10 against $0.03 a year ago. For the full year, the company reported operating revenues net of energy expenses of $601,716,000 against $601,231,000 a year ago. Earnings before interest, taxes, depreciation and amortization was $248,014,000 against $249,568,000 a year ago. Income before income taxes was $132,516,000 against $132,238,000 a year ago. Net income was $91,428,000 against $88,583,000 a year ago. Diluted earnings per share were $2.27 against $2.20 a year ago. Book value per common share as at December 31, 2014 was $24.39. Net cash provided by operating activities was $243,340,000 against $247,475,000 a year ago. Cash additions to utility property, plant and equipment were $277,078,000 against $237,411,000 a year ago. The company is providing earnings guidance for 2015 within a range of $1.75 to $2.15 per basic share. Capital expenditure is expected to be $271 million. The company provided capital expenditure projection of $203 million for the year 2016. The company provided capital expenditure projection of $170 million for the year 2017. The company provided capital expenditure projection of $199 million for the year 2018. The company provided capital expenditure projection of $254 million for the year 2019.

El Paso Electric Co. Announces Executive Changes

On February 5, 2015, Michael K. Parks, Chairman of the Board of Directors of El Paso Electric Co. announced that he had accepted a new position that requires him to resign from the Board, effective immediately. Mr. Parks has been a Director since 1996, has served as Chairman since July 2012 and prior to that served as Vice Chairman from November 2005. Following Mr. Parks's resignation, the Board elect independent directors Charles A. Yamarone as Chairman and Edward Escudero as Vice Chairman.

El Paso Electric Declares Quarterly Dividend, Payable on March 31, 2015

The Board of Directors of El Paso Electric has declared a regular quarterly cash dividend on its common stock of $0.28 per share. The dividend was declared on January 29, 2015 and is payable on March 31, 2015, to shareholders of record on March 16, 2015.

El Paso Electric Co., Q4 2014 Earnings Call, Feb 25, 2015

El Paso Electric Co., Q4 2014 Earnings Call, Feb 25, 2015

 

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Price/Earnings 16.7x
Price/Sales 1.7x
Price/Book 1.6x
Price/Cash Flow 8.7x
TEV/Sales 0.4x
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