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EPCOR Announces Quarterly Results

May 08, 2015
Published In: Corporate


"EPCOR had a good start to the year in our water, wastewater and electricity operations as demonstrated by our first quarter results, " said David Stevens, EPCOR President and CEO.

Highlights of EPCOR's financial performance:

  • Net income was $69 million on revenues of $473 million for the three months ended March 31, 2015 compared with $38 million on revenues of $464 million for the corresponding period in the previous year. Net income in the first quarter of 2015 was higher primarily due to higher approved customer rates and higher favorable fair value adjustments related to financial electricity purchase contracts.
  • Net cash flows from operating activities was $113 million for the three months ended March 31, 2015 compared with $100 million for the corresponding period in the previous year.
  • Investment in capital projects was $70 million for the three months ended March 31, 2015 compared with $63 million for the corresponding period in the previous year.

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 EPCOR's website, 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 70 Employer.

EPCOR's website address is www.epcor.com.

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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