Korea Electric Power NYSE: KEP reported preliminary consolidated operating income of KRW 4.91 trillion for the first half of 2026, while net income totaled KRW 2.80 trillion, according to management's second-quarter earnings conference call.
Korea Electric Power Corporation (KEP) Q2 2026 Earnings Call Transcript
Korea Electric Power Corporation (KEP) Q4 2025 Earnings Call Transcript
Here is how Korea Electric Power (KEP) and Pinnacle West (PNW) have performed compared to their sector so far this year.
Investors with an interest in Utility - Electric Power stocks have likely encountered both Korea Electric Power (KEP) and WEC Energy Group (WEC). But which of these two stocks presents investors with the better value opportunity right now?
I maintain a "Buy" rating for Korea Electric Power after analyzing its outlook pertaining to earnings and dividends. KEP's future profitability should benefit from lower energy prices and a growing nuclear generation mix, despite stagnant utility rates for 1Q26. KEP's payout ratios are expected to increase, considering its reduced financial leverage and pressure on Korea's state-owned entities to distribute more cash.
Korea Electric Power remains a "Buy," after considering a U.S. nuclear joint venture reported in the media and the anticipated electricity price increases. KEP's potential entry into a partnership with a U.S. company could help to grow its exposure to the nuclear power investment theme. Recent legislation changes and the president's comments increase the likelihood of tariff hikes, which could narrow the national service-related valuation discount for the stock.
Korea Electric Power Corporation (NYSE:KEP ) Q2 2025 Earnings Conference Call August 12, 2025 2:00 AM ET Company Participants Siyung Yang - General Manager of the Finance & IR Team Taeseop Eom - Corporate Participant Conference Call Participants Jae-Hyun Ryu - Mirae Asset Securities Co., Ltd., Research Division Jong Hwa Sung - LS Securities Co., Ltd.
Korea Electric Power Corporation (NYSE:KEP ) Q1 2025 Earnings Call Transcript May 13, 2025 2:00 AM ET Company Participants Young Ji Chang - General Manager of IR Yong Thae Seop - Senior IR Manager Conference Call Participants Moon Kyeongwon - Meritz Securities Co., Ltd. Operator Good morning and good evening.
KEPCO, South Korea's dominant power utility, is poised to benefit from lower fuel prices due to President Trump's tariffs, boosting its profitability. KEPCO's reliance on coal and LNG, combined with falling energy prices, positions it for strong earnings in 2025. Trading at a low valuation, KEPCO's stock offers significant upside potential, with the possibility of reinstating dividends.
I am still bullish on Korea Electric Power stock, considering its prospects and capital return. KEP has resumed dividend distributions, and its expected FY25 yield is at the high-single digit level. KEP should continue to deliver positive earnings on the back of drivers like operating leverage, a favorable change in generation mix, and lower energy-related costs.
Korea Electric Power, the sole electricity distributor in South Korea, has faced significant challenges from 2021 to 2023, causing its stock price to plummet -71.19% from its ATH. Increased production costs, inability to pass costs to consumers, high debt, and political instability have contributed to KEP's financial struggles. KEPCO's monopoly status, cost management strategies, improved operating environment, and potential political reforms indicate it can weather the crisis and potentially thrive.