Korea Electric Power (NYSE:KEP) Posts Earnings Results, Misses Expectations By $0.40 EPS

Posted by George Bondi on Aug 12th, 2026

Korea Electric Power (NYSE:KEP – Get Free Report) released its earnings results on Wednesday. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.40), FiscalAI reports. Korea Electric Power had a return on equity of 18.25% and a net margin of 8.95%.The company had revenue of $14.15 billion during the quarter, compared to analysts’ expectations of $14.88 billion.

Here are the key takeaways from Korea Electric Power’s conference call:

KEPCO reported KRW 4.9 trillion in first-half operating profit and KRW 2.8 trillion in net income. Revenue rose 0.3% year over year, while lower purchased-power costs and reduced interest expense helped offset higher fuel and operating costs.
Power sales volume declined 0.6% to 266.7 TWh in the first half as industrial demand weakened amid an economic slowdown. KEPCO expects full-year sales to increase slightly as economic growth and operating days improve.
Nuclear generation remained weak because of prolonged preventive maintenance, while higher LNG prices linked to the Middle East conflict contributed to greater coal generation. Rising SMP in July and August also suggests continued fuel-cost pressure in the third quarter.
KEPCO said tariff increases would help address accumulated losses and meet the goal of bringing the bond-to-capital ratio below two times by the end of 2027, but no timing was provided. A regional electricity-pricing system is expected to be finalized and introduced by year-end, with financial impacts still undisclosed.

Korea Electric Power Stock Down 4.3%

Korea Electric Power stock traded down $0.53 during mid-day trading on Wednesday, hitting $11.77. 1,379,517 shares of the company’s stock were exchanged, compared to its average volume of 907,416. The company has a current ratio of 0.43, a quick ratio of 0.29 and a debt-to-equity ratio of 1.56. The stock has a market cap of $15.11 billion, a P/E ratio of 2.46, a P/E/G ratio of 2.11 and a beta of 0.95. Korea Electric Power has a 1-year low of $11.25 and a 1-year high of $23.41. The stock has a 50 day moving average of $12.24 and a two-hundred day moving average of $15.22.

Institutional Trading of Korea Electric Power

Several large investors have recently made changes to their positions in KEP. JPMorgan Chase & Co. lifted its stake in shares of Korea Electric Power by 47,424.3% in the third quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock worth $4,900,000 after buying an additional 374,652 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Korea Electric Power by 26.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider’s stock valued at $19,761,000 after buying an additional 312,680 shares during the last quarter. Jane Street Group LLC bought a new position in Korea Electric Power in the 2nd quarter worth $3,448,000. Lazard Asset Management LLC bought a new position in Korea Electric Power in the 3rd quarter worth $2,821,000. Finally, Bank of America Corp DE lifted its position in Korea Electric Power by 133.7% during the 2nd quarter. Bank of America Corp DE now owns 371,494 shares of the utilities provider’s stock worth $5,290,000 after acquiring an additional 212,515 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KEP shares. Zacks Research lowered Korea Electric Power from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Weiss Ratings cut Korea Electric Power from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, Morgan Stanley downgraded Korea Electric Power from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

View Our Latest Analysis on Korea Electric Power

Korea Electric Power Company Profile

(Get Free Report)

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.