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Korea Electric Power (KEP)
:KEP
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.48Last Year’s EPS
0.7Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 22, 2019
|% Change Since: -6.28%
|Next Earnings Date:Aug 13, 2018
Earnings Call Sentiment|Neutral
KEPCO reported positive operating profit and revenue growth, with significant cost reductions. However, challenges include a decline in other income, increased interest expenses, and potential delays in nuclear power projects.Company Guidance
During the third-quarter earnings call for 2024, KEPCO reported a consolidated operating profit of KRW 5,945.7 billion, with net income reaching KRW 2,590 billion. Sales increased by 6.4% to KRW 69,869.8 billion, primarily driven by an 8.0% rise in electricity sales, totaling KRW 66,727.9 billion. Despite a decline in other income by 19.5% to KRW 3,141.9 billion, cost efficiencies were observed with a 11.4% reduction in cost of sales and selling expenses to KRW 63,924.1 billion. The company's power sales volume grew by 1.7% year-on-year to 421 terawatt hours. KEPCO's fuel costs showed significant variances with coal at KRW 190,000 per ton, LNG at KRW 1.09 million per ton, and oil at KRW 974 per liter. The financial expenses saw a reduction, attributed to decreased foreign exchange losses. The company also highlighted its ongoing financial stabilization efforts, which include a KRW 30 trillion plan to improve its financial health. However, KEPCO did not provide any guidance on future tariff increases or specific forecasts for fuel costs in the fourth quarter and 2025.Increased Operating Profit and Net Income
KEPCO recorded an accumulated consolidated operating profit of KRW 5,945.7 billion and a net income of KRW 2,590 billion for Q3 2024.
Revenue Growth
Sales increased by 6.4% year-on-year to KRW 69,869.8 billion, with a significant 8.0% increase in income from electricity sales.
Reduced Cost of Sales
Cost of sales and selling and administrative expenses decreased by 11.4%, with fuel costs down by 18.6% and power purchase costs down by 11.6%.
Power Sales Increase
Power sales increased by 1.7% year-on-year to 421 terawatt hours, driven by increased semiconductor exports and higher demand for cooling.
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KEP Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
| Aug 13, 2018 | 2018 (Q2) | 0.229 | -384.72% (-0.88) | ― | ― | ||
| Feb 22, 2019 | 2018 (Q4) | -0.978 | 46.63% (+0.46) | ― | ― | ||
| May 14, 2019 | 2019 (Q1) | -0.19 | -170.00% (-0.32) | ― | ― | ||
| Aug 14, 2019 | 2019 (Q2) | -0.652 | 53.99% (+0.35) | ― | ― | ||
| Nov 13, 2019 | 2019 (Q3) | 0.49 | -69.80% (-0.34) | ― | ― | ||
| May 15, 2020 | 2020 (Q1) | -0.513 | 102.92% (+0.53) | ― | ― | ||
| Aug 13, 2020 | 2020 (Q2) | -0.3 | 138.67% (+0.42) | ― | ― | ||
| Nov 12, 2020 | 2020 (Q3) | 0.148 | 492.57% (+0.73) | ― | ― | ||
| Feb 19, 2021 | 2020 (Q4) | -0.848 | 145.99% (+1.24) | ― | ― | ||
| May 14, 2021 | 2021 (Q1) | 0.015 | 280.00% (+0.04) | ― | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $7.64 | $7.96 | +4.19% |
| Aug 14, 2024 | $7.22 | $7.31 | +1.25% |
| May 10, 2024 | $8.10 | $7.54 | -6.91% |
| Feb 23, 2024 | $8.65 | $9.00 | +4.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Korea Electric Power (KEP) report earnings?
Korea Electric Power (KEP) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Korea Electric Power (KEP) earnings time?
Korea Electric Power (KEP) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KEP EPS forecast?
KEP EPS forecast for the fiscal quarter 2024 (Q4) is 0.48.
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