October 21, 2014 10:13 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Twin Cities Power Holdings, LLC

Company Overview

Twin Cities Power Holdings, LLC, through its subsidiaries, provides wholesale and retail energy services in North America. It operates through three segments: Wholesale Trading, Retail Energy Services, and Real Estate Development. The company trades financial and physical contracts in wholesale electricity markets, as well as trades electricity and other energy-related commodities and derivatives on exchanges operated by Intercontinental Exchange, the Natural Gas Exchange Inc., and CME Group. It also sells electricity to residential and small commercial customers; and focuses on developing land for resale, construction of single- and multi-family homes, or as completed dwellings. The company...

16233 Kenyon Avenue

Suite 210

Lakeville, MN 55044

United States

Founded in 2009

35 Employees

Phone:

952-241-3103

Key Executives for Twin Cities Power Holdings, LLC

Chairman of the Board of Governors
Age: 48
Chief Financial Officer
Age: 57
Vice President of Operations and Secretary
Age: 42
Vice President of Risk Management
Age: 31
Compensation as of Fiscal Year 2014.

Twin Cities Power Holdings, LLC Key Developments

Twin Cities Power Holdings, LLC Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Earnings Guidance for the Full Year of 2014

Twin Cities Power Holdings, LLC announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenue was $4,070,000 compared to $9,390,000 for the same period a year ago. Operating loss was $2,458,000 compared to operating income of $1,479,000 for the same period a year ago. Net loss was $3,187,000 compared to net income of $1,117,000 for the same period a year ago. Net loss attributable to common was $3,325,000 compared to net income attributable to common of $980,000 for the same period a year ago. For the six months, the company reported net revenue was $33,991,000 compared to $17,624,000 for the same period a year ago. Operating income was $9,854,000 compared to operating income of $2,646,000 for the same period a year ago. Net income was $8,669,000 compared to net income of $1,944,000 for the same period a year ago. Net income attributable to common was $8,395,000 compared to net income attributable to common of $1,669,000 for the same period a year ago. Based on management’s assessment of wholesale and retail electricity market conditions, the company revising guidance that revenues for 2014 should be in a range of $55 to $60 million down from $60 million to $70 million and operating income of $10 million to $13 million down from $15 million to $18 million.

Twin Cities Power Holdings, LLC Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

Twin Cities Power Holdings, LLC announced consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net revenue of $29,934,000 compared to $8,234,000 a year ago. Operating income was $12,312,000 compared to $1,167,000 a year ago. Net income was $11,857,000 compared to $826,000 a year ago. Net income attributable to common was $11,720,000 compared to $689,000 a year ago. For the year 2014, the company expects revenues should be in a range of $60 to $70 million with operating income in a range of $15 to $18 million.

Twin Cities Power Holdings, LLC Reports Earnings Results for the Year Ended December 31, 2013

Twin Cities Power Holdings, LLC reported earnings results for the year ended December 31, 2013. For the period, the company reported total revenues for 2013 were $32,785,000 compared to $19,074,000 for 2012, an increase of 71.9%. Operating income for 2013 totaled $3,609,000, up 18.8% from $3,038,000 earned in 2012. Net income for 2013 totaled $2,131,000, up 10.4% from $1,930,000 in 2012. Income before taxes was $2,140,000 compared to $1,987,000 a year ago. Net income attributable to common was $1,582,000 compared to $1,428,000 a year ago.

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