Pepco Holdings, Inc. Presents at Citi's Global Energy and Utilities Conference, May-16-2013 08:45 AM. Venue: Hyatt Regency, One Avenue De Lafayette, Boston, Massachusetts, United States.

Pepco Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total operating revenue of $852 million against $1,242 million a year ago. Operating loss was $236 million against operating profit of $131 million a year ago. Loss from continuing operations before income tax expense was $295 million against income from continuing operations before income tax expense of $74 million a year ago. Net loss from continuing operations was $430 million against net income from continuing operations of $63 million a year ago. Net loss was $430 million against net income of $68 million a year ago. Basic and diluted loss per share was $1.82 against basic and diluted earnings per share of $0.30 a year ago. Adjusted net income was $57 million against $50 million a year ago. Adjusted earnings per share were $0.24 against $0.22 a year ago. The company reaffirmed its earnings guidance range for the full year of 2013 of $1.05 to $1.20 per share.

Pepco Holdings, Inc.'s board of directors declared a dividend on common stock of 27 cents per share payable June 28, 2013, to shareholders of record on June 10, 2013.