El Paso Electric (EE) Misses Q1 EPS by 7c

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Go back to El Paso Electric (EE) Misses Q1 EPS by 7c

El Paso Electric Announces First Quarter 2016 Financial Results

May 4, 2016 6:50 AM EDT

EL PASO, Texas--(BUSINESS WIRE)-- El Paso Electric Company (NYSE: EE):

Overview

For the first quarter of 2016, El Paso Electric Company ("EE" or the "Company") reported a net loss of $5.8 million, or $0.14 basic and diluted earnings per share. Net income for the first quarter of 2015 was $3.5 million, or $0.09 basic and diluted earnings per share.

As anticipated, regulatory lag had a negative impact on first quarter earnings, said Mary Kipp, Chief Executive Officer of the Company. These results clearly illustrate the importance of obtaining final... More