El Paso Electric (EE) Reports Q2 EPS of $0.55

El Paso Electric (NYSE: EE) reported Q2 EPS of $0.55, versus $0.52 reported last year. Revenue for the quarter came in at $217.87 million, versus $219.5 million reported last year.

“We are pleased with our second quarter results and the progress that we have made. Although the impact of regulatory lag continues to adversely affect our operating results, our performance for the second quarter exceeded last year’s performance,” said Mary Kipp, Chief Executive Officer. “Our region continues to experience solid growth, and we set a new native system peak of 1,892 MW on July 14, 2016, which is 5.5%, or 98 MW, higher than the peak established in 2015. In fact, we have already experienced eight days this summer in which our peak exceeded last year’s peak. In addition, the recent sale of our interest in Four Corners means the Company no longer owns any coal-fired generation, and we expect to have final resolution of our pending Texas rate case soon."

For earnings history and earnings-related data on El Paso Electric (EE) click here.

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