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Pepco Holdings (POM) Misses Q1 Earnings on Higher Expenses

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Based in Washington, District of Columbia (DC), Pepco Holdings Inc. (POM) engages in both regulated utility and unregulated businesses. Pepco Holdings Inc., also referred to as PHI, is one of the largest energy delivery companies in the Mid-Atlantic region, delivering power to 2 million customers in Delaware, the District of Columbia, Maryland and New Jersey. It also supplies natural gas to customers in Delaware.

 

Pepco Holdings primarily identifies three operating segments which contribute to its revenue and earnings, namely, Power Delivery, Pepco Energy Services and Other Non-Regulated (Corporate & Other).

 

Pepco Holdings is getting merged with Exelon Corporation (EXC), and the merger is expected to be completed in the second or third quarter of 2015 subject to approval from some regulatory commissions.

 

Coming to the earnings surprise, Pepco Holdings Inc. has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 8.5%.

 

Zacks Rank: Currently, Pepco Holdings has a Zacks Rank #3 (Hold) but that could change following its first quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

 

Earnings: Pepco Holdings misses on earnings. Adjusted earnings per share came in at 24 cents, missing the Zacks Consensus Estimate of 27 cents.

 

Key Stats: Revenues increased 3.1% year over year to $1.37 billion.

 

In the quarter, Pepco Holdings’ total regulated Transmission and Distribution (T&D) electric customer count increased by nearly 1% year over year to 1,873,000, while total regulated Gas customers increased 0.8% to 128,000

 

 

Check back later for our full write up on this POM earnings report later!

 

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