El Paso Electric (EE) Misses Q2 EPS by 5c ; Provides Outlook

El Paso Electric (NYSE: EE) reported Q2 EPS of $0.26, $0.05 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $183.3 million versus the consensus estimate of $181 million.

2024 FINANCIAL OUTLOOK

Excelerate is raising its full year guidance for Adjusted EBITDA. The Company now expects Adjusted EBITDA to range between $320 million and $340 million for the full year 2024. Committed growth capital, which is defined as capital allocated and committed to specific investments for previously approved capital projects, is still expected to range between $70 million and $80 million. Maintenance capex for 2024 is still expected to range between $50 million and $60 million.

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

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