Analyst Consensus ?
ConsensusHold5 ratings
Bullish00.0%
Neutral5100.0%
Bearish00.0%
Korea Electric Power Corporation · KEP · FY2025 Q2 · Calendar Q3 2025
KEPCO revenue growth remains price-led as volume and tariff constraints persist
The current analysis supports a mixed read: higher pricing and lower fuel costs supported revenue and profitability, but marginally lower volume, limited industrial tariff flexibility, direct-purchase pressure, and regulatory dependencies temper the durability of growth.
Reported Before market openNYSEUtilities
$14.08B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.63
Consensus $0.60
EPS surprise
+4.8%
Reported versus consensus
Reported revenue
$16.06B
Consensus $15.78B
Revenue surprise
+1.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.5%
Event window
SPY move
+0.5%
Same window
Abnormal move
-0.0%
Stock minus SPY
Volume
0.8×
Versus trailing sessions
Subsequent drift
-5.8%
Up to 20 sessions
KEPSPY benchmark
Ask FN2 about KEP FY2025 Q2
Transcript, numbers and history already loaded
Why did KEP rise 0.5% after beating EPS estimates in FY2025 Q2?What changed in KEP's guidance and outlook in FY2025 Q2?Give me the bull and bear case for KEP after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior analysis, the emphasis shifted from modest revenue and operating-profit growth plus lower fuel costs toward price-led revenue growth with slightly lower volume, explicit utilization targets, a planned regional tariff system, an extended direct-purchase transaction period, and exploration of the U.S. nuclear market.
Guidance delta
Maintained; the supplied current analysis identifies guidance sentiment as maintained, with no quantified guidance change provided.
Key takeaways
- Revenue growth was driven by higher electricity prices while electricity sales volume fell marginally.
- Fuel costs declined significantly, but power-purchase costs rose slightly amid price volatility.
- Management outlined mid-80% nuclear, upper-40% coal, and mid-20% LNG utilization targets for 2025.
- A regionally differentiated tariff system, direct-purchase framework changes, and possible U.S. nuclear-market entry were highlighted.
Management priorities
- Develop a regionally differentiated tariff system and pursue non-industrial tariff discussions.
- Improve the direct power-purchasing framework with the Korea Power Exchange.
- Assess potential U.S. nuclear-market opportunities while continuing government dialogue on tariffs and dividends.
Follow KEP with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
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 earningsLatest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the KEP recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-02T19:26:09.334039+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 2026-10-02. For educational purposes only; not investment advice.