Manila Electric Company (PSE: MER)
Philippines
· Delayed Price · Currency is PHP | Market Cap | 534.24B |
| Revenue (ttm) | 463.80B |
| Net Income (ttm) | 43.38B |
| Shares Out | 1.13B |
| EPS (ttm) | 38.49 |
| PE Ratio | 12.31 |
| Forward PE | 12.54 |
| Dividend | 21.53 (4.53%) |
| Ex-Dividend Date | Aug 27, 2024 |
| Volume | 64,570 |
| Average Volume | 176,146 |
| Open | 478.40 |
| Previous Close | 475.00 |
| Day's Range | 474.00 - 484.00 |
| 52-Week Range | 345.20 - 503.50 |
| Beta | 0.24 |
| RSI | 44.44 |
| 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 bags award from PAWS
The Manila Electric Co. (Meralco) was recognized by the Philippine Animal Welfare Society (PAWS) for its contributions to promoting animal welfare.
MPower, SM seal supply deal
Manila Electric Co. (Meralco), through its retail electricity supply arm MPower, has inked a partnership with SM Retail, Inc. to supply 100 percent renewable energy to the retail conglomerate’s larges...
Meralco to tap ₱75 billion credit line
THE Manila Electric Co. (Meralco) will tap a P75-billion credit facility from local banks to mainly support the company’s gas investment in Chromite Gas Holdings, Inc.
MPower, ABS-CBN sign new supply deal
MPower, the local retail electricity supplier of the Manila Electric Co. (Meralco), will continue supplying power to ABS-CBN Corp., covering its main buildings in Quezon City.
Power rates drop to P11.74/kWh
THE Manila Electric Company (Meralco) announced Monday that the poser rate this month was slashed by P0.2189 per kiloWatt hour (kWh), bringing the overall rate for a typical household to P11.7428 from...
Meralco rate cut seen in January
A REDUCTION in electricity rates is possible this month as generation charge, which makes up bulk of the Manila Electric Company’s (Meralco) bill, may register a decrease.
MSpectrum energizes solar facility
MSpectrum Inc., a wholly owned solar subsidiary of the Manila Electric Co. (Meralco), has energized a 33 kilowatt-peak (kWp) solar rooftop facility worth P2.5 million for General Trias Water Corp. (GT...
Meralco intensifies wire clearing operations in preparation for Traslacion
Manuel V. Pangilinan-led Manila Electric Company (Meralco) conducts wire clearing operations in the streets of Quiapo, Manila days ahead of the Feast of Jesus Nazareno on January 9, 2025 when millions...
NGCP rate reset, Meralco refund regulator’s priorities
THE rate reset review for system operator National Grid Corp. of the Philippines (NGCP) and the lapsed period rate refund of the Manila Electric Co. (Meralco) are the key priorities that the Energy Re...
ERC to revisit Meralco’s PSA with 2 subsidiaries of SMC Global Power
THE Energy Regulatory Commission (ERC) will re-evaluate the power supply agreements (PSA) of the Manila Electric Company (Meralco) with two subsidiaries of SMC Global Power—South Premiere Power Corp. ...
Meralco to electricity users: Observe safety practices
THE Manila Electric Company (Meralco) has reminded the public to observe electrical safety as preparations for New Year festivities go on full swing.
Meralco sees 6.3% hike in sales volume
MANILA Electric Co. (Meralco) expects its consolidated sales volume to expand by 6.3 percent in 2024, projecting an increase from 51,044 gigawatt-hours (GWh) in 2023 to a forecasted 54,259 GWh, primar...
‘Nod for Meralco PSA premature’
The Energy Regulatory Commission (ERC) has denied the joint application of the Manila Electric Co. (Meralco) and Masinloc Power Co. Ltd. (MPCL) for provisional approval of their 15-year power supply a...
Meralco eyes ₱50B for upgrades
THE Manila Electric Co. (Meralco) may earmark as much as P70 billion to improve its distribution network and roll out smart meters, among others, over the next five years.
Meralco, cops join hands vs cable, electric meter thieves
THE Manila Electric Company (Meralco) and the National Police (PNP) will work together to address the rampant theft of electricity distribution facilities, particularly electric meters.
Meralco: December rates to rise
The Manila Electric Co. (Meralco) is increasing power rates in December by P0.1048 per kilowatt hour (kWh), bringing the overall rate to P11.9617 per kWh from the previous month’s P11.8569 per kWh.
Meralco rates up this month by P0.10/kWh
The Manila Electric Company (Meralco) is increasing power rates this month by P0.1048 per kilowatt hour (kWh), bringing the overall rate to P11.9617 per kWh from the previous month’s P11.8569 per kWh.
NNIC, Meralco tieup to modernize Naia
New Naia Infra Corp. (NNIC) and the Manila Electric Co. (Meralco) on Monday announced a partnership to provide “sustainable and reliable energy solutions” to the Ninoy Aquino International Airport (Na...
Meralco gets ERC approval for power supply contracts
The Manila Electric Co. (Meralco) received the green light of the Energy Regulatory Commission (ERC) for its power supply agreements (PSAs) with Gigasol3 Inc. (Gigasol3) and San Roque Hydro Power Inc....
Commitment to stable, reliable and efficient electricity service
Manuel V. Pangilinan-led Manila Electric Company (Meralco) pledged to continuously work to improve delivery of stable, reliable and efficient service to consumers across its franchise area.
Meralco unit, EKPI seal solar deal
MSpectrum Inc., the solar power arm of the Manila Electric Co. (Meralco) will install a 630 kilowatt-peak (kWp) solar facility at Edward Keller Philippines Inc.’s (EKPI) industrial facility in Carmelr...
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.