Last $36.86 USD
Change Today +0.32 / 0.88%
Volume 306.3K
EE On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

el paso electric co (EE) Snapshot

Open
$36.58
Previous Close
$36.54
Day High
$36.96
Day Low
$36.45
52 Week High
07/1/14 - $40.43
52 Week Low
10/8/13 - $32.43
Market Cap
1.5B
Average Volume 10 Days
134.1K
EPS TTM
$2.15
Shares Outstanding
40.4M
EX-Date
09/11/14
P/E TM
17.1x
Dividend
$1.12
Dividend Yield
2.96%
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, 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 and Member ...
Total Annual Compensation: $972.1K
President
Total Annual Compensation: $307.9K
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
Compensation as of Fiscal Year 2013.

el paso electric co (EE) Key Developments

El Paso Electric Company Announces Management Appointments

On September 16, 2014, El Paso Electric Company appointed Mary E. Kipp, President, effective immediately, John R. Boomer, Vice President, General Counsel, effective immediately and Russell G. Gibson, Vice President, Controller, the principal accounting officer of the company, effective September 29, 2014. Ms. Kipp previously served as the company's Senior Vice President, General Counsel and Chief Compliance Officer since June 2010. Mr. Boomer will replace Ms. Kipp in her previous function as the General Counsel. Prior to this appointment, Mr. Boomer served as the company's Vice President, Treasurer. Mr. Gibson previously served as the company's Vice President, Controller from 1989 to 1994.

El Paso Electric Co. Presents at Goldman Sachs' Power, Utilities, MLP and Pipeline Conference, Aug-12-2014

El Paso Electric Co. Presents at Goldman Sachs' Power, Utilities, MLP and Pipeline Conference, Aug-12-2014 . Venue: Conrad Hotel, New York, New York, United States.

El Paso Electric Co. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for 2014

El Paso Electric Co. announced unaudited earnings results for the second quarter and six months ended June 30, 2014. The company reported net income of $30.1 million, or $0.75 basic and diluted earnings per share. In the second quarter of 2013, EE reported net income of $29.2 million, or $0.73 and $0.72 basic and diluted earnings per share, respectively. Operating revenues net of energy expenses was $164.001 million against $162.771 million a year ago. Income before income taxes was $44.859 million against $45.122 million a year ago. The company experienced a decline in earnings per share of $0.03 resulting from increased taxes other than income taxes, primarily due to higher property taxes. Earnings also declined by $0.03 per share during the quarter due to increased depreciation and amortization expense resulting from higher depreciable plant balances, including Rio Grande Unit 9, which began commercial operations in May 2013. Finally, earnings declined during the second quarter of 2014 by $0.02 per share resulting from decreased retail nonfuel-based revenues, primarily due to the less favorable weather conditions. For the six months ended June 30, 2014, EE reported net income of $34.7 million, or $0.86 basic and diluted earnings per share. Net income for the six months ended June 30, 2013 was $36.8 million, or $0.92 basic and diluted earnings per share. Cash flows from operations for the six months ended June 30, 2014 were $57.0 million compared to $51.4 million in the corresponding period in 2013. The primary factors affecting the increased cash flow were the funding of $17.9 million for employee pension and other post-retirement benefit plans in the first six months of 2013 compared to $6.9 million in the first six months of 2014, and a decrease in accounts receivable due to the timing of customer payments. These increases in cash flows from operations were partially offset by an increase in the under-collection of fuel revenues. Operating revenues net of energy expenses was $280.016 million against $282.785 million a year ago. Income before income taxes was $50.947 million against $56.071 million a year ago. Cash additions to utility property, plant and equipment were $105.999 million against $110.279 million a year ago. Cash additions to nuclear fuel were $17.690 million against $16.879 million a year ago. Book value per common share was $24.13 against $21.08 a year ago. Capital expenditures for additions to electric utility plant were $106 million. The company is narrowing earnings guidance for 2014 to $2.15 to $2.40 per basic share from the previous range of $2.10 to $2.50. The company expects to spend approximately $316 million for capital expenditures in 2014.

 

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EE

Industry Average

Valuation EE Industry Range
Price/Earnings 17.2x
Price/Sales 1.6x
Price/Book 1.5x
Price/Cash Flow 8.8x
TEV/Sales 0.4x
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