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Last $36.78 USD
Change Today -0.07 / -0.19%
Volume 108.6K
EE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

el paso electric co (EE) Snapshot

Open
$36.86
Previous Close
$36.85
Day High
$36.97
Day Low
$36.58
52 Week High
12/29/14 - $42.17
52 Week Low
05/12/15 - $34.48
Market Cap
1.5B
Average Volume 10 Days
168.1K
EPS TTM
$2.09
Shares Outstanding
40.4M
EX-Date
03/12/15
P/E TM
17.6x
Dividend
$1.12
Dividend Yield
3.05%
Current Stock Chart for EL PASO ELECTRIC CO (EE)

el paso electric co (EE) Related Businessweek News

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el paso electric co (EE) Details

El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. Its energy sources consist of nuclear fuel, natural gas, coal, purchased power, solar photovoltaic panels, and wind turbines. The company owns or has ownership interests in various electrical generating facilities with a net dependable generating capability of approximately 1,879 megawatts; four 345 Kilovolt (kV) transmission lines in New Mexico; and three 500 kV lines in Arizona. It distributes electricity to retail customers principally in El Paso, Texas; and Las Cruces, New Mexico. El Paso Electric Company also resells electricity to electric utilities and power marketers. The company serves approximately 399,000 residential, commercial, industrial, public authority, and wholesale customers. El Paso Electric Company was founded in 1901 and is based in El Paso, Texas.

1,000 Employees
Last Reported Date: 02/27/15
Founded in 1901

el paso electric co (EE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $919.2K
President
Total Annual Compensation: $344.4K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $298.3K
Executive Vice President
Total Annual Compensation: $370.3K
Executive Vice President
Total Annual Compensation: $324.1K
Compensation as of Fiscal Year 2014.

el paso electric co (EE) Key Developments

El Paso Electric Co. - Shareholder/Analyst Call

To discuss the 2015 New Mexico Rate Case

El Paso Electric Co. Announces Expansion Plans

El Paso Electric Co. will be adding four new renewable generation resources to cater to its growing service territory. By the end of the second quarter, the company will be requesting approval to build and operate three more solar facilities: the 3-MW to 5-MW Montana Power Station Solar Project near the existing natural gas-fired Montana Power Station, a 5-MW facility at Holloman Air Force Base in New Mexico, and possibly a 2-MW facility in Las Cruces, N.M. And as El Paso Electric delves into more renewable energy investments, it has plans underway to exit its minority interest in the coal-fired Four Corners power plant by selling its stake in units 4 and 5.

El Paso Electric Co. Announces Unaudited Earnings and Operating Results for the First Quarter Ended March 31, 2015; Reiterates Earnings Guidance for 2015

El Paso Electric Co. announced unaudited earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company's total operating revenues were $114,842,000 compared to $116,015,000 a year ago. Earnings before interest, taxes, depreciation and amortization was $34,468,000 compared to $35,572,000 a year ago. Income before income taxes was $4,442,000 compared to $6,088,000 a year ago. Net income was $3,458,000 compared to $4,615,000 a year ago. Diluted earnings per share was $0.09 compared to $0.11 a year ago. Net cash provided by operating activities was $26,452,000 compared to $31,312,000 a year ago. Cash additions to utility property, plant and equipment was $73,865,000 compared to $48,255,000 a year ago. Cash additions to nuclear fuel was $10,183,000 compared to $11,822,000 a year ago. Book value per common share was $24.14 compared to $23.55 a year ago. Income for the quarter ended March 31, 2015, when compared to the same period last year, was negatively affected by: Increased interest on long-term debt due to the interest accrued on the $150 million senior notes issued in December 2014. Decreased miscellaneous income due to the gain on the sale of land in first quarter of 2014 with no comparable activity in the current quarter. Decreased deregulated Palo Verde Unit 3 revenues, primarily due to a 35% decrease in proxy market power prices reflecting a decline in the price of natural gas. Increased depreciation and amortization due to an increase in depreciable plant. Total sales were 2,343,406,000 kWh for the quarter against 2,315,935 kWh a year ago. The company is affirming earnings guidance range for 2015 of $1.75 to $2.15 per share. Capital expenditures for 2015 are expected to be $259.5 million.

 

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Industry Analysis

EE

Industry Average

Valuation EE Industry Range
Price/Earnings 16.5x
Price/Sales 1.7x
Price/Book 1.5x
Price/Cash Flow 8.5x
TEV/Sales 0.3x
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