El Paso Electric (EE) Reports Q1 Loss of $0.17, Revenues Miss

El Paso Electric (NYSE: EE) reported Q1 EPS of ($0.17), versus ($0.12) reported last year. Revenue for the quarter came in at $174.36 million versus the consensus estimate of $175.71 million.

"As anticipated, regulatory lag and the seasonality of our business resulted in an adjusted net loss for the quarter," said Mary Kipp, President and Chief Executive Officer of El Paso Electric Company. "However, to mitigate the impact of regulatory lag on our financial results, we successfully filed to establish the Company\'s first transmission and distribution cost recovery factors in Texas during the first quarter 2019."

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

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• AeroVironment restates quarterly financials, citing $89M goodwill error
• NVE Corporation names new CEO and expands board to seven members