Manila Electric Company (PSE: MER)
Market Cap | 455.80B |
Revenue (ttm) | 456.27B |
Net Income (ttm) | 42.61B |
Shares Out | 1.13B |
EPS (ttm) | 37.81 |
PE Ratio | 10.70 |
Forward PE | n/a |
Dividend | 21.53 (5.32%) |
Ex-Dividend Date | Aug 27, 2024 |
Volume | 35,850 |
Open | 405.00 |
Previous Close | 404.40 |
Day's Range | 405.00 - 411.80 |
52-Week Range | 345.20 - 429.00 |
Beta | n/a |
Analysts | n/a |
Price Target | n/a |
Earnings Date | Oct 28, 2024 |
About Manila Electric Company
Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines. The company operates in Power and Other Services segments. It offers power to approximately 7.8 million industrial, commercial, and residential customers in 38 cities and 73 municipalities, including Metro Manila, and the provinces of Rizal, Cavite, and Bulacan, as well as parts of the provinces of Pampanga, Batangas, Laguna, and Quezon; distributes power to customers in Clark Special Economic Zone; and... [Read more]
Financial Performance
In 2023, Manila Electric Company's revenue was 443.61 billion, an increase of 4.01% compared to the previous year's 426.53 billion. Earnings were 38.02 billion, an increase of 33.74%.
Financial StatementsNews
Lower generation cost seen cutting September Meralco rates
THE Manila Electric Company (Meralco) is expecting electricity rates this month to go down mainly because of lower generation rates.
Meralco acquires additional shares of SP New Energy
Meralco PowerGen Corp., a unit of power distributor Manila Electric Co. (Meralco), has purchased an additional 11.6-percent stake in SP New Energy Corp. (SPNEC) worth P7.5 billion from the shares owne...
SMC: Supreme Court junks ERC appeal on power deals
San Miguel Corp. (SMC) said Tuesday the Supreme Court (SC) denied with finality an appeal filed by the Energy Regulatory Commission (ERC) against the power supply agreements (PSAs) it forged with the ...
Rains fail to dampen power sales of Meralco in August
The Manila Electric Co. (Meralco) saw its energy sales volume rise by nearly 8 percent year-on-year in August, a company official said over the weekend.
Meralco: 6 power gencos to join auction for supply deal
Six power generation companies (gencos) have formally expressed interest to supply 400-megawatts (MW) of mid-merit capacity to the Manila Electric Co. (Meralco) for 15 years.
Meralco gets universities abroad as partners in nuke energy push
SEVERAL foreign universities have formally agreed to be “knowledge partners” of the Manila Electric Company (Meralco) for its nuclear energy push.
Meralco to hold auction for 1,000-MW baseload supply
The Manila Electric Co. (Meralco) said Tuesday it will resume the competitive selection process (CSP) for its 1,000-megawatt (MW) supply requirement.
House panel gives Meralco 25-year franchise renewal
THE House Committee on Legislative Franchises has endorsed for plenary approval the bill granting Manila Electric Co. (Meralco) a new 25-year franchise to distribute electricity in an area that accoun...
Power rates slightly up; oil firms cut pump prices
The Manila Electric Company (Meralco) announced Monday that electricity rates this month went up by P0.0327 per kiloWatt hour (kWh), bringing the overall rate for a typical household to P11.6339 per k...