Last €0.92 EUR
Change Today -0.002 / -0.22%
Volume 251.0K
EDNR On Other Exchanges
Symbol
Exchange
BrsaItaliana
As of 11:30 AM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

edison spa-rsp (EDNR) Snapshot

Open
€0.93
Previous Close
€0.92
Day High
€0.93
Day Low
€0.92
52 Week High
01/24/14 - €1.06
52 Week Low
07/29/13 - €0.85
Market Cap
4.9B
Average Volume 10 Days
160.7K
EPS TTM
€0.06
Shares Outstanding
110.2M
EX-Date
04/14/14
P/E TM
14.4x
Dividend
€0.05
Dividend Yield
5.44%
Current Stock Chart for EDISON SPA-RSP (EDNR)

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edison spa-rsp (EDNR) Details

Edison S.p.A., an energy company, is engaged in the exploration, procurement, production, and sale of electric power, natural gas, and crude oil in Europe, Africa, and the Middle East. It also distributes electric power. The company operates 47 hydroelectric facilities, 22 thermoelectric power plants, 32 wind farms, and 9 solar plants, as well as 7.7 GW capacity of installed electric power. It also operates 1 LNG terminal, 3 gas storage centers, and 58 concessions and exploration permits, as well as approximately 50.0 billion cubic meters of hydrocarbon reserves. Edison supplies electric power and natural gas to small, medium, and large businesses, as well as families. The company was formerly known as Montedison SpA and changed its name to Edison S.p.A. in 2002. The company was founded in 1884 and is headquartered in Milan, Italy. Edison S.p.A. is a subsidiary of Transalpina di Energia Srl.

3,240 Employees
Last Reported Date: 02/14/14
Founded in 1884

edison spa-rsp (EDNR) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: €1.4M
Compensation as of Fiscal Year 2013.

edison spa-rsp (EDNR) Key Developments

Tanin And Karish Properties Acquisition Updates- Reports

Teddy Sagi and Beny Steinmetz are planning to bid for Tanin and Karish natural gas fields owned by Delek Group Ltd. (TASE:DLEKG) controlled by Yitzhak Tshuva and Noble Energy, Inc. (NYSE:NBL), Globes reported citing sources. Teddy Sagi is understood to recently approach a European company to serve as the well operator if he acquires the gas fields. Edison S.p.A. (BIT:EDNR) is also believed to be a likely bidder for the deal. The main component of the price that Delek Group Ltd. and Noble Energy will ask for the two gas fields will be their $200 million in exploration expenditures in them to date. Under Delek Group Ltd. and Noble Energy, Inc.'s settlement with the Antitrust Authority, the deadline for the sale of Tanin and Karish natural gas fields is confidential. They also agreed that several restrictions will be placed on the buyer: the gas can only be sold to Israeli customers; the buyer will build the pipeline from the gas fields to the coast; Delek Group Ltd. and Noble Energy, Inc. will keep the rights to condensates found in the two gas fields; and if oil is discovered, Delek Group Ltd. and Noble Energy, Inc. will have up to 17.5% in royalties rights.

Edison S.P.A. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year 2014

Edison S.p.A. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported sales revenues were €3,537 million against €3,325 million a year ago. EBITDA was €216 million against loss of €6 million a year ago. EBIT was €220 million against loss of €144 million a year ago. Profit before taxes was €190 million against loss of €146 million a year ago. Group interest in net profit was €101 million against loss of €142 million a year ago. Adjusted EBITDA of the hydrocarbons operations rose to €49 million, up from a loss of €132 million in the first quarter of 2013, thanks mainly to the agreements for the long-term gas supply contracts from Algeria and Qatar, which were signed last year but continued to have a positive effect in the first quarter of 2014. Net financial debt improved to €2,229 million at March 31, 2014, down from €2,451 million at the end of 2013, due mainly to higher operating cash flow and a positive change of working capital as a consequence of the recovery of part of the advances paid under the long-term contract with Libya, partly by an increase in capital expenditures, mainly in the E&P business. Total net revenues were €3,663 million against €3,410 million a year ago. Profit from continuing operations was €102 million against loss of €143 million a year ago. Profit was €102 million against loss of €143 million a year ago. Diluted earnings per common share were €0.0185 against loss of €0.0276 a year ago. Additions to intangibles and property, plant and equipment was €73 million against €49 million a year ago. Cash flow from continuing operations was €271 million against €104 million a year ago. For the year, the company reaffirms its ability to generate EBITDA of €1 billion on a regular basis, the exact amount of which may vary depending on the timing of the price reviews of the natural gas supply long-term contracts. In 2014, net of any effect of the abovementioned renegotiations, EBITDA are expected to amount to at least €600 million.

Edison Reportedly In Talks To Acquire Gas Fields From Noble Energy And Delek

Edison S.p.A. (BIT:EDNR) is in talks to acquire two Israeli gas fields, Tanin and Karish fields, from Noble Energy, Inc. (NYSE:NBL) and Delek Drilling – Limited Partnership (TASE:DEDR.L), two sources with the knowledge of the talks said. Edison was not immediately available to comment.

 

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EDNR

Industry Average

Valuation EDNR Industry Range
Price/Earnings 14.0x
Price/Sales 0.4x
Price/Book 0.7x
Price/Cash Flow 0.1x
TEV/Sales NM Not Meaningful
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