Analyst Consensus ?
ConsensusHold5 ratings
Bullish00.0%
Neutral5100.0%
Bearish00.0%
Korea Electric Power Corporation · KEP · FY2015 Q3 · Calendar Q4 2015
KEPCO Q3: Strong profit, but one-time gains and policy risks matter
The quarter supports a constructive operating view: lower fuel costs, overseas growth, new plant capacity and debt reduction were positive. However, the quality and durability of reported profit require caution because a KRW6.4 trillion land-sale gain was material, while coal taxes, regulation, tariffs and emissions costs remain unresolved.
Reported Before market openNYSEUtilities
$13.60B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.47
Consensus —
EPS surprise
—
Reported versus consensus
Reported revenue
$24470.00B
Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.5%
Event window
SPY move
+0.8%
Same window
Abnormal move
+1.7%
Stock minus SPY
Volume
2.7×
Versus trailing sessions
Subsequent drift
-5.1%
Up to 20 sessions
KEPSPY benchmark
Ask FN2 about KEP FY2015 Q3
Transcript, numbers and history already loaded
What drove KEP's +2.5% move after FY2015 Q3 earnings?What changed in KEP's guidance and outlook in FY2015 Q3?Give me the bull and bear case for KEP after FY2015 Q3 earnings.
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, Q3 added a reported KRW6.4 trillion land-sale gain, stronger reported profit, a KRW4 trillion debt reduction and greater emphasis on the coal-tax and emissions-cost burden. The plant-buildout and UAE expansion priorities continued.
Guidance delta
Maintained; no change to guidance sentiment was identified.
Key takeaways
- Q3 performance benefited from lower fuel costs, stronger overseas revenue and a KRW6.4 trillion land-sale gain.
- Management highlighted a large 2016-2017 plant-completion pipeline spanning coal and nuclear units.
- Coal-tax increases, currency effects, tariff review and emissions costs remain key uncertainties.
- Debt fell by KRW4 trillion in Q3, with further reduction targeted by year-end.
Management priorities
- Complete Shin Kori 3 and 4 on the stated schedule.
- Bring seven new coal plants totaling 6,500 MW online during 2016.
- Advance UAE projects and finalize tariff and regulatory work.
- Continue debt reduction and reflect REC costs in financial reporting.
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Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Bank of America | Neutral | Underperform | Upgrade | Nov 21, 2016 |
| B of A Securities | Neutral | Underperform | Upgrade | Nov 21, 2016 |
| UBS | Neutral | Buy | Downgrade | Oct 24, 2016 |
| Morgan Stanley | Equal Weight | Overweight | Downgrade | Jun 21, 2016 |
| Credit Suisse | Neutral | Outperform | Downgrade | May 12, 2014 |
Track every rating change on KEP the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationKorea Electric Power Corporation (KEPCO) functions as a comprehensive electric utility, responsible for the generation, transmission, and distribution of electricity within South Korea and in various international markets. Its operations are organized into key segments: Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and a broader 'Others' category. KEPCO boasts a diverse energy portfolio, generating power from a wide array of sources including nuclear, coal, oil, liquefied natural gas (LNG), internal combustion engines, combined-cycle plants, integrated gasification combined cycle (IGCC) facilities, hydroelectric dams, wind and solar farms, fuel cells, biogas, and other emergent technologies. As of December 31, 2021, the company commanded an impressive generation fleet comprising 763 units, encompassing nuclear, thermal, hydroelectric, and internal combustion facilities, collectively boasting an installed capacity of 82,459 megawatts.…
Historical context
All KEP earningsUtilities peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| PCG PG&E Corporation | FY2026 Q3 · Calendar Q4 2026 | -0.8% | -1.3% | PG&E Reaffirms Guidance While Seeking Credit and Policy Clarity |
Latest beats and misses
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Missed on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-11T06:39:45.180704+00:00
- Polygon adjusted daily market bars · 2026-10-26T02:40:42.834813+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.