Manila Electric Company (PSE: MER)
Philippines
· Delayed Price · Currency is PHP | Market Cap | 540.10B |
| Revenue (ttm) | 463.80B |
| Net Income (ttm) | 43.38B |
| Shares Out | 1.13B |
| EPS (ttm) | 38.49 |
| PE Ratio | 12.45 |
| Forward PE | 12.67 |
| Dividend | 21.53 (4.49%) |
| Ex-Dividend Date | Aug 27, 2024 |
| Volume | 379,950 |
| Open | 480.00 |
| Previous Close | 480.00 |
| Day's Range | 479.20 - 483.80 |
| 52-Week Range | 345.20 - 503.50 |
| Beta | n/a |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Feb 26, 2025 |
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
Meralco unit to convert coal plant projects to gas—exec
Meralco PowerGen Corp. (MGen), the power generation arm of the Manila Electric Co. (Meralco) may convert two power plant projects from coal to gas, according to its top official.
Meralco in deal with Korea Electric Power, subsidiary
POWER distribution utility firm Manila Electric Co. (Meralco) announced it has inked a partnership with Korea Electric Power Corp. (Kepco) and its subsidiary Kepco Knowledge Data Network Co. Ltd. (KDN...
Meralco unit awaits DOE certification for coal plant projects
Singapore—Meralco PowerGen Corp. (Mgen), the power generation arm of the Manila Electric Co. (Meralco), said on Wednesday it awaits a certification from the Department of Energy (DOE) for its coal pow...
Meralco subscriber count hits 8M—exec
The Manila Electric Co. (Meralco) has reached the 8-million subscriber mark last October 29, a top official of the power distribution utility firm said.
PBBM: P200-B Terra Solar project to hasten RE goals
PRESIDENT Ferdinand Marcos Jr. on Thursday said the completion of the new P200-billion integrated solar and battery storage facility of the Manila Electric Company (Meralco) in Nueva Ecija will not on...
Meralco to spend ₱25B on distribution business in 2025
The Manila Electric Co. (Meralco) is allotting “a minimum of P25 billion” for its capital expenditures (capex) for its distribution business in 2025.
ERC to hold consultations on Meralco rate reset
The Energy Regulatory Commission (ERC) will hold public consultations this week to discuss the modifications to the regulatory rate reset of the Manila Electric Co. (Meralco).
ERC issues ruling on Meralco
Customers of the Manila Electric Co. (Meralco) would have to await awhile for a possible refund, estimated at P16 billion, after the Energy Regulatory Commission (ERC) released last Friday its “modifi...
ERC modifies decision for Meralco to forgo 5th regulatory reset
THE Energy Regulatory Commission (ERC) has “modified” an earlier decision which supposedly allowed the Manila Electric Company (Meralco) to forgo the fifth regulatory reset (5thRP) of its distribution...
Meralco: Warm weather to lift sales, earnings for 2024
The Manila Electric Co. expects energy sales to grow by 6 percent this year, with total volume possibly reaching 53,350 gigawatt hours (GWh).
Meralco to overshoot CCNI target for this year–exec
The Manila Electric Co. (Meralco) expects to exceed its target consolidated core net income (CCNI) of P43 billion this year, following its strong performance in January to September.
ERC urged not to skip Meralco rate reset
THE Energy Regulatory Commission (ERC) was told not to forgo the fifth regulatory reset of the Manila Electric Company’s (Meralco) distribution rate, covering the period 2022-2026, warning that the mo...
Meralco launches Laguna project
The Manila Electric Co. (Meralco) has recently commissioned the Milagrosa 115 kilovolt (kV) switching station in Carmelray Industrial Park II in Calamba City, Laguna.
Lower power rates in October
The Manila Electric Company (Meralco) announced a decrease of P0.3587 per kWh in the electricity rate this month primarily due to lower generation charge. As a result, residential customers consuming ...
Meralco, Samsung partner for nuclear energy projects
The Manila Electric Company (Meralco) and South Korea’s Samsung C&T Corporation Engineering & Construction (Samsung C&T) Group announced last Monday a partnership to jointly explore the potential roll...
Meralco affiliate to supply power to Pepsi
VANTAGE Energy Solutions and Management Inc., the affiliate retail electricity supplier (RES) of the Manila Electric Company (Meralco), will supply power to Pepsi-Cola Products Philippines Inc. (PCPPI...
Meralco receives numerous recognitions for exemplifying sustained excellence
In a testament to its commitment to excellence, the Manila Electric Company (Meralco) has recently been feted with numerous awards from various international prestigious organizations in recognition o...
Meralco forges alliance with Doosan
The Manila Electric Co. (Meralco) has tapped Doosan Enerbility Co., Ltd. of South Korea to study, develop, and deploy low-carbon energy projects, including nuclear power, in the Philippines.
Monsoon rains fail to dent sales of Meralco in Sept
The Manila Electric Co. (Meralco) saw its energy sales rise by 7.1 percent year-on-year at end-September due to the strong demand from residential and commercial subscribers.
MPIC, Meralco invest P261.7M in DigiCo
Pangilinan-led firms on Thursdays said the subscription agreements signed by the Manila Electric Co. (Meralco) and the Metro Pacific Investments Corp. (MPIC) with DigiCo, formally known as Kayana Solu...
Meralco franchise bill gets House nod on 2nd reading
The House of Representatives has moved closer to granting a new 25-year franchise to the Manila Electric Co. (Meralco), the country’s largest power distribution company, after approving House Bill (HB...
Meralco wins four Golden Arrow Award or exceptional corporate governance
IN recognition of its exceptional corporate governance practices, Manuel V. Pangilinan-led Manila Electric Company (Meralco) has received a four-arrow recognition from the Institute of the Corporate D...
Meralco, power suppliers ask ERC for PSA approval
THE Manila Electric Company (Meralco), San Roque Hydropower, Inc. (SRHI), and Gigasol3, Inc., are asking the regulators to approve their power supply agreements (PSA) for a total capacity of 479 megaw...
Meralco rates slightly up this month
THE Manila Electric Company (Meralco) announced on Wednesday an increase of P0.1543 per kilowatt hour (kWh) in the September electricity bills, bringing the overall rate for a typical household to P11...
Meralco rates go up this month by P0.15/kwh
THE Manila Electric Company (Meralco) announced on Wednesday an upward adjustment of P0.1543 per kilowatt hour (kWh) in the September electricity bills, bringing the overall rate for a typical househo...