TECO Energy (TE) Misses Q4 EPS by 2c

TECO Energy (NYSE: TE) reported Q4 EPS of $0.19, $0.02 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $695.5 million versus the consensus estimate of $612.04 million.

ECO Energy President and Chief Executive Officer John Ramil said, “2014 was a watershed year for TECO Energy. Our Florida utilities achieved net income growth of more than 15%, and enjoyed customer growth well above national averages. We expanded our utility operations with our NMGC acquisition in September, and we’re benefitting from accretion from the acquisition earlier than we originally expected. We are committed to exiting the coal business, and continue to work with the purchaser to complete the sale this year. Upon closing, this action will complete our return to our utility foundation.”

For earnings history and earnings-related data on TECO Energy (TE) click here.

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