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Q2 Quarterly Results Announced

August 12, 2014
Published In: Corporate Information

"EPCOR had a strong second quarter with solid financial performance. We are also pleased with the announcement that a group led by EPCOR will design and build, and finance, operate and maintain a new wastewater treatment plant in the City of Regina under a 30 year contract."

- David Stevens, EPCOR President & CEO.

Highlights of EPCOR's Financial Information

  • Net income was $55 million on revenues of $435 million for the three months ended June 30, 2014 compared with $45 million on revenues of $469 million for the corresponding period in the previous year.
  • Net income was $93 million on revenues of $899 million for the six months ended June 30, 2014 compared with $102 million on revenues of $922 million for the corresponding period in the previous year.
  • Net cash flows from operating activities were $188 million for the six months ended June 30, 2014 compared with $105 million for the corresponding period in the previous year.
  • Investment in capital projects was $91 million for the three months ended June 30, 2014 compared with $86 million for the corresponding period in the previous year.
  • Investment in capital projects was $154 million for the six months ended June 30, 2014 compared with $179 million for the corresponding period in the previous year. The decrease of $25 million was primarily due to lower expenditure on the Heartland electricity transmission line which was completed in December 2013.

Management's discussion and analysis (MD&A) of the quarterly results are shown below. The MD&A and the unaudited condensed consolidated interim financial statements are available on our website insert link to pdf and SEDAR.

EPCOR's wholly owned subsidiaries build, own and operate electrical transmission and distribution networks, water and wastewater treatment facilities and infrastructure in Canada and the United States. The Company's subsidiaries also provide electricity and water services and products to residential and commercial customers. EPCOR, headquartered in Edmonton, is an Alberta top 65 employer. EPCOR's website address is www.epcor.com

Contact

For more information, please contact:

Tim​ LeRiche
Media Relations
Phone: (780) 969-8238


Claudio Pucc​i
Investor/Corporate Relations
Phone: (780) 969-8245
Toll Free: 1-877-969-8280

 

 

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