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Last $23.01 USD
Change Today +0.50 / 2.22%
Volume 272.9K
EDE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

empire district electric co (EDE) Snapshot

Open
$22.73
Previous Close
$22.51
Day High
$23.24
Day Low
$22.66
52 Week High
01/28/15 - $31.49
52 Week Low
07/23/15 - $21.52
Market Cap
1.0B
Average Volume 10 Days
215.7K
EPS TTM
$1.30
Shares Outstanding
43.6M
EX-Date
08/28/15
P/E TM
17.7x
Dividend
$1.04
Dividend Yield
4.50%
Current Stock Chart for EMPIRE DISTRICT ELECTRIC CO (EDE)

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empire district electric co (EDE) Details

The Empire District Electric Company, together with its subsidiaries, generates, purchases, transmits, distributes, and sells electricity in Missouri, Kansas, Oklahoma, and Arkansas. It operates in three segments: Electric, Gas, and Other. The Electric segment generates electricity from coal, natural gas, and hydro plants; and provides water service to 3 towns in Missouri. As of December 31, 2014, this segment served approximately 170,000 customers, which comprise residential, commercial, industrial, wholesale on-system, and wholesale off-system, as well as public authorities. It owned generating facilities with an aggregate generating capacity of 1,326 megawatts; transmission system consisting of approximately 22 miles of 345 kV lines, 441 miles of 161 kV lines, 745 miles of 69 kV lines, and 81 miles of 34.5 kV lines; and distribution system comprising approximately 6,911 miles of lines. This segment also owns and operates water pumping facilities and distribution systems consisting of a total of approximately 96 miles of water mains in 3 communities in Missouri. The Gas segment distributes natural gas to 48 communities and 422 transportation customers in northwest, north central, and west central Missouri. This segment serves approximately 43,500 customers. As of December 31, 2014, its principal gas utility properties consisted of approximately 87 miles of transmission mains and approximately 1,175 miles of distribution mains. The Other segment is involved in leasing fiber optics cable and equipment. The Empire District Electric Company was founded in 1909 and is based in Joplin, Missouri.

751 Employees
Last Reported Date: 02/20/15
Founded in 1909

empire district electric co (EDE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $510.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: $290.0K
Chief Operating Officer of Electric and Vice ...
Total Annual Compensation: $295.0K
Chief Operating Officer of Gas and Vice Presi...
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2014.

empire district electric co (EDE) Key Developments

The Empire District Electric Company Declares Quarterly Dividend, Payable on September 15, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Twelve Months to Ended June 30, 2015; Reaffirms Earnings Guidance for the Full Year 2015

At the Board of Directors meeting of The Empire District Electric Company held on July 30, 2015, the directors declared quarterly dividend of $0.26 per share. The dividend is payable September 15, 2015, to holders of record as of September 1, 2015. The company reported unaudited consolidated earnings results for the second quarter and twelve months to ended June 30, 2015. For the quarter, the company reported net income of $6.8 million, or $0.15 per diluted share, compared to $11.2 million, or $0.26 per diluted share. Electric revenues were $126.3 million against $140.8 million a year ago. Gas Revenues were $6.2 million against $7.0 million a year ago. Other Revenues were $2.0 million against $2.0 million a year ago. Operating Income was $16.1 million against $19.5 million a year ago. Earnings were lower this quarter over the same quarter last year, primarily due to higher generation maintenance expense and higher depreciation expense. ROE was approximately 7.2%. For the twelve months, the company reported net income of $56.4 million, or $1.29 per diluted share, compared to $71.3 million, or $1.65 per diluted share. Electric revenues were $567.6 million against $574.5 million a year ago. Gas Revenues were $46.4 million against $53.4 million a year ago. Other Revenues were $8.1 million against $8.1 million a year ago. Operating Income was $35.4 million against $34.4 million a year ago. The decrease in earnings for the twelve month period ended June 30, 2015, versus the comparable prior year period, was primarily driven by lower gross margin resulting from milder weather for the comparable periods, and increased operations, maintenance and depreciation expenses. The company reaffirmed its earnings guidance for the full year 2015. For the year, the company expects earnings to be in the range of $1.30 to $1.45 per share.

The Empire District Electric Company Promotes Jeff Westfall as Director of Operations

Mr. Jeff Westfall has been promoted to Director of Operations for The Empire District Electric Company. In this position, he is responsible for overseeing the company's Eastern Division Line Operations, Construction Design, Substation Maintenance and Community Relations activities. Mr. Westfall has 23 years of experience in the company's Line Operations area, including his most recent position, Manager of Aurora Line Operations. Prior to joining Empire, he was employed at Midway Sheet Metal in Joplin.

The Empire District Electric Company to Report Q2, 2015 Results on Jul 30, 2015

The Empire District Electric Company announced that they will report Q2, 2015 results at 8:36 PM, GMT Standard Time on Jul 30, 2015

 

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Industry Analysis

EDE

Industry Average

Valuation EDE Industry Range
Price/Earnings 17.9x
Price/Sales 1.6x
Price/Book -- Not Meaningful
Price/Cash Flow 7.5x
TEV/Sales -- Not Meaningful
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