Comments

  • Thank God it's not PG&E.
  • Not an actual loss, but a tax loss due to depreciation and such.
  • In the states I lived in, utility companies were guaranteed profits as a condition of their exclusive territorial monopolies. Literally under the law they could not run even a paper loss; rate hikes would be rubber-stamped by the utilities regulations board to get them to whatever percent profit the law called for. They issued shares too, and you were guaranteed dividends. Pensioners loved those stocks.

    I guess electrical utilities not making money is just another strike against socialism-communism, and why Trudeau just needs to go so Canada can be liberated for capitalism where we don't allow these things to happen!

    \s
  • Hey you GUUUUUUUUUUUUUUUUUUYYYYYYYYYYYYYSSSSSS!
  • They have a LOSS IN AVERAGE SHARE PRICE, not a financial loss.  Share price is down 6% but they are doing just fine.

    They made plenty of money. 25.31% net margin profit on the quarter they are reporting with an year to year increase of profits of 641.97%. That's right  -almost 6.5X as much profit as last year.  Net income was up 720%, revenue up 14.5%, cash available 600%, and operating costs down 7.29%.

    The share price is down because they are planning on investing more of that cash into renewable energy so that's less money going into the dividend.
  • Bread314:

    WHY IS A UTILITY TRADING SHARES!?


    JFC people need electricity to watch streaming and dick around on Fark survive!!  The government should be ensuring its delivery, not letting people milk the grid for money
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