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Last $22.66 USD
Change Today +0.29 / 1.30%
Volume 92.8K
As of 12:04 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

empire district electric co (EDE) Snapshot

Open
$22.48
Previous Close
$22.37
Day High
$22.69
Day Low
$22.44
52 Week High
01/28/15 - $31.49
52 Week Low
06/26/15 - $21.56
Market Cap
988.0M
Average Volume 10 Days
400.8K
EPS TTM
$1.41
Shares Outstanding
43.6M
EX-Date
05/28/15
P/E TM
16.1x
Dividend
$1.04
Dividend Yield
4.58%
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

Empire District Electric Co. Reaffirms Earnings Guidance for the Year 2015

Empire District Electric Co. reaffirmed full-year 2015 earnings guidance of $1.30 to $1.45 a share.

The Empire District Electric Company Enters into Bond Purchase Agreement for a Private Placement of $60,000,000 Aggregate Principal Amount

The Empire District Electric Company entered into a Bond Purchase Agreement, dated as of June 11, 2015, for a private placement of $60,000,000 aggregate principal amount of its 3.59% First Mortgage Bonds due 2030. The delayed settlement of these bonds is anticipated to occur on or about August 20, 2015. Assuming the settlement occurs on August 20, 2015, the bonds will mature on August 20, 2030 and interest will be payable semi-annually on the bonds on each February 20 and August 20, commencing February 20, 2016. Once issued, the bonds will be prepayable, at the Company’s option, at any time prior to maturity, at par plus a make whole premium, together with accrued and unpaid interest, if any, to the prepayment date. The terms of the bonds are set forth in the Bond Purchase Agreement, dated as of June 11, 2015, by and among the company and the purchasers named therein, and will be set forth in the Forty-first Supplemental Indenture of Mortgage and Deed of Trust to be dated on or about August 20, 2015, by and among the Company and The Bank of New York Mellon Trust Company, N.A., as principal trustee, and UMB Bank & Trust, N.A., as Missouri trustee. The company expects to use the proceeds from the sale of the bonds to refinance existing indebtedness and for general corporate purposes. The bonds have not been, and will not be, registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Empire District Electric Company Announces Retirement of Amy Bass as Director of Corporate Communications

Ms. Amy Bass, Director of Corporate Communications, will retire from The Empire District Electric Company on May 31, 2015, following 34 years of service.

 

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Industry Analysis

EDE

Industry Average

Valuation EDE Industry Range
Price/Earnings 15.8x
Price/Sales 1.5x
Price/Book 1.2x
Price/Cash Flow 7.1x
TEV/Sales 0.2x
 | 

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