2 Aug 19
17 Oct 19
31 Dec 19


Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 326.09M 333M 344M 460M
Net income 42.06M 26.2M 11M 95M
Net profit margin 12.90% 7.87% 3.20% 20.65%
Operating income 67.14M 42.88M 36M 126M
Net change in cash -26.75M -41.67M 120.11M 12M
Cash on hand 69.69M 96.44M 138.11M 18M
Cost of revenue 103.96M 140.4M 151.25M 183.15M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 1.43B 1.34B 1.23B 1.31B
Net income 188.32M 176.67M 124.44M 127.79M
Net profit margin 13.15% 13.17% 10.08% 9.78%
Operating income 288.14M 326.33M 243.13M 259.3M
Net change in cash 100.11M 2M -20M -18.17M
Cash on hand 138.11M 38M 36M 56M
Cost of revenue 543.14M 425.56M 420.06M

Financial data from company earnings reports

Financial report summary

Management Discussion
  • Because weather and other factors cause seasonal fluctuations in sales of power, our quarterly results of operations are not indicative of annual results. TEP's summer peak load occurs during the third quarter of the year when cooling demand is higher, which results in higher revenue during this period. By contrast, lower sales of power occur during the first quarter of the year due to mild winter weather in our retail service territory.
  • TEP reported net income of $42 million in the second quarter of 2019 compared with net income of $58 million in the second quarter of 2018. The decrease of $16 million, or 27%, was primarily due to:
  • TEP reported net income of $68 million in the first six months of 2019 compared with net income of $81 million in the first six months of 2018. The decrease of $13 million, or 16%, was primarily due to:
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