Last $36.45 USD
Change Today -0.21 / -0.57%
Volume 88.6K
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

el paso electric co (EE) Snapshot

Open
$36.51
Previous Close
$36.66
Day High
$36.75
Day Low
$36.34
52 Week High
07/19/13 - $39.12
52 Week Low
09/16/13 - $32.26
Market Cap
1.5B
Average Volume 10 Days
104.4K
EPS TTM
$2.20
Shares Outstanding
40.3M
EX-Date
03/12/14
P/E TM
16.6x
Dividend
$1.06
Dividend Yield
2.91%
Current Stock Chart for EL PASO ELECTRIC CO (EE)

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el paso electric co (EE) Details

El Paso Electric Company, a public utility company, is engaged 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 1,852 megawatts; four 345 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; and resells electricity to electric utilities and power marketers. The company serves approximately 394,000 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: 02/26/14
Founded in 1901

el paso electric co (EE) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $972.1K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $243.0K
Executive Vice President
Total Annual Compensation: $358.9K
Executive Vice President
Total Annual Compensation: $311.5K
Chief Legal Officer, Chief Compliance Officer...
Total Annual Compensation: $307.9K
Compensation as of Fiscal Year 2013.

el paso electric co (EE) Key Developments

El Paso Electric Co. Presents at Williams Capital Group West Coast Seminar, Mar-19-2014

El Paso Electric Co. Presents at Williams Capital Group West Coast Seminar, Mar-19-2014 . Venue: THEhotel @ Mandalay Bay, Las Vegas, Nevada, United States.

El Paso Electric Company Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Full Year 2014

El Paso Electric Company reported unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter operating revenues net of energy were $122,448,000 against $125,911,000 a year ago. Earnings before interest, taxes, depreciation and amortization were $28,113,000 against $34,012,000 a year ago. Loss before income taxes was $1,482,000 against income of $6,492,000 a year ago. Net income was $1,191,000 or $0.03 basic and diluted per share against $4,819,000 or $0.12 basic and diluted per share a year ago. For the year, the company's operating revenues net of energy were $601,231,000 against $601,554,000 a year ago. Earnings before interest, taxes, depreciation and amortization were $249,568,000 against $251,891,000 a year ago. Income before income taxes was $132,238,000 against $137,825,000 a year ago. Net income was $88,583,000 or $2.20 diluted per share against $90,846,000 or $2.26 diluted per share a year ago. Net cash provided by operating activities was $247,475,000 against $273,108,000 a year ago. Cash additions to utility property, plant and equipment were $237,411,000 against $202,387,000 a year ago. Book value per common share was $23.44 against $20.57 a year ago. The company provides earnings guidance for 2014 within a range of $2.10 to $2.50 per basic share. Projected earnings are expected to be negatively impacted by taxes other than income, which is particularly increased by $0.09 per share to the higher property taxes associated with Rio Grande 9 which was place in service in May of 2013, plus other property additions and also higher revenues will result in higher revenue related taxes. The company anticipates earnings to increase in 2014 by 17% per share due to continued growth in territory.

El Paso Electric Co. and Newman Solar LLC Announce New Solar Power Station to Build 10 Megawatt Solar Energy Facility

El Paso Electric Company and Newman Solar LLC have signed an agreement to build a 10 megawatt solar energy facility in Northeast El Paso, Texas next to EPE's Newman Generation Station. JSI will be responsible for developing, designing, building and operating the Newman Solar project. The design phase will begin in early summer of this year, shortly followed by construction and final completion of the project tentatively scheduled for the end of 2014. The construction of the new solar facility will help power over 3,800 homes throughout the year. The facility will be built on approximately 100 acres. EPE will sublease the land in partnership with the El Paso Water Utilities and currently leased to EPE for the Newman Generation Station. The Newman Solar project in Northeast El Paso will be constructed by Newman Solar LLC. The energy from the project is being secured through a cost competitive PPA when considered from a total resource cost basis. The PV system will be comprised of photovoltaic modules. EPE and JSI signed a 30-year power purchase agreement (PPA) for 10 megawatts (AC) of solar photovoltaic energy in which EPE will purchase all of the solar energy, renewable energy credits and associated attributes. The 10 MW AC ground mounted PV system will interconnect to EPE's new Patriot Substation via a dedicated 13.8 kV distribution feeder. The contractual Commercial Operation Date (COD) for the solar facility is December 2014.

 

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EE

Industry Average

Valuation EE Industry Range
Price/Earnings 16.6x
Price/Sales 1.6x
Price/Book 1.6x
Price/Cash Flow 8.7x
TEV/Sales 0.5x
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