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Korea Electric Power (KEP)
NYSE:KEP
US Market

Korea Electric Power (KEP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
May 08, 2026
TBA (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
1.41
Last Year’s EPS
1.32
Same Quarter Last Year
Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 26, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presented a mix of solid operating improvements (revenue +4.3%, lower fuel costs -13.8%, positive net income of KRW 8,007.2 billion, improved generation mix and lower interest expense) alongside material one-off and provision-related headwinds (nearly KRW 904.5 billion increase in nuclear site recovery provisions, higher emissions provisions, Q4 subsidiary/overseas costs and FX impacts, high borrowings and modest volume decline). Management expects improved nuclear capacity factors in 2026 and ongoing tariff discussions with the government, but several uncertainties (tax grace period ending, overseas recoveries, dividend policy constrained by public-corporation rules) temper near-term clarity. Overall the results show underlying resilience but are offset by significant one-off charges and policy/financial risks.
Company Guidance
KEPCO’s forward guidance for 2026 was modest: total power sales should tick up from 549.4 TWh (2025: –0.1% Y‑o‑y) as economic growth and more operating days return, and on an annual basis they expect higher nuclear contribution (nuclear capacity factor mid– to high‑80%), coal to fall (coal capacity factor mid‑40%) and LNG to remain largely flat (LNG capacity factor early– to mid‑20%); they also expect the adjustment coefficient to be slightly higher in 2026 vs. 2025 and reaffirmed the quarterly fuel cost pass‑through while noting tariff reform work (seasonal/time‑of‑use/regional pricing) is ongoing with government. Key 2025 metrics cited in support were consolidated operating income KRW 13,524.8bn, revenue KRW 97,434.5bn (+4.3%), power sales +4.6% (amount not specified), COGS & SG&A KRW 83,909.7bn (‑1.3%), fuel costs KRW 19,036.4bn (‑13.8%), purchased power KRW 34,052.7bn (‑1.8%), depreciation KRW 11,667.8bn (+2.3%), interest expense KRW 4,339.5bn (‑KRW 325.6bn Y‑o‑y), net income KRW 8,007.2bn, consolidated borrowings KRW 129.8tn (stand‑alone KRW 84.9bn), 2025 RPS expense KRW 3,989.7bn consolidated (KRW 4,818.8bn stand‑alone), coal price reference ~US$105.7/ton, LNG JKM KRW 980,000/ton and S&P ~KRW 112.7/kWh, and noted provision movements (GHG +KRW 120.6bn to KRW 340.6bn; nuclear site provisions and KHNP items also materially changed); dividend policy and precise timing/impact of tariff changes remain subject to government discussions.
Revenue Growth
Consolidated revenue increased 4.3% year-over-year to KRW 97,434.5 billion.
Operating Income and Net Income
Consolidated operating income for 2025 was KRW 13,524.8 billion and consolidated net income was KRW 8,007.2 billion.
Power Sales Increase
Power sales revenue rose 4.6% year-over-year (absolute figure indiscernible in transcript), supporting top-line growth.
Lower Fuel and Purchase Power Costs
Fuel costs decreased 13.8% to KRW 19,036.4 billion and purchase power costs decreased 1.8% to KRW 34,052.7 billion, reducing operating cost pressure.
Reduction in Cost of Goods Sold and SG&A
Combined cost of goods sold and SG&A declined 1.3% year-over-year to KRW 83,909.7 billion.
Interest Expense Decline
Interest expense decreased by KRW 325.6 billion year-over-year to KRW 4,339.5 billion, improving non-operating expense profile.
Improved Generation Mix / Nuclear Outlook
Nuclear capacity factor increased in 2025 (contribution to generation mix up) and management expects 2026 nuclear capacity factor around mid- to high-80% (annual basis), with nuclear contribution forecasted to rise in 2026.

Korea Electric Power (KEP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

KEP Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
May 08, 2026
2026 (Q1)
1.41 / -
1.321
Feb 26, 2026
2025 (Q4)
0.78 / 0.76
0.55836.74% (+0.20)
Nov 13, 2025
2025 (Q3)
1.64 / 2.00
1.02595.41% (+0.98)
Aug 12, 2025
2025 (Q2)
0.60 / 0.62
0.0361627.78% (+0.59)
May 13, 2025
2025 (Q1)
0.90 / 1.32
0.318315.41% (+1.00)
Mar 11, 2025
2024 (Q4)
0.55 / 0.56
0.702-20.51% (-0.14)
Nov 13, 2024
2024 (Q3)
0.74 / 1.02
0.465120.43% (+0.56)
Aug 14, 2024
2024 (Q2)
>-0.01 / 0.04
-1.119103.22% (+1.16)
May 10, 2024
2024 (Q1)
0.41 / 0.32
-2.908110.94% (+3.23)
Feb 23, 2024
2023 (Q4)
-0.06 / 0.70
-4.528115.50% (+5.23)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

KEP Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 26, 2026
$22.90$22.29-2.66%
Nov 13, 2025
$16.31$16.63+1.96%
Aug 12, 2025
$13.92$14.08+1.15%
May 13, 2025
$9.52$9.16-3.78%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Korea Electric Power (KEP) report earnings?
Korea Electric Power (KEP) is schdueled to report earning on May 08, 2026, TBA (Confirmed).
    What is Korea Electric Power (KEP) earnings time?
    Korea Electric Power (KEP) earnings time is at May 08, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is KEP EPS forecast?
          KEP EPS forecast for the fiscal quarter 2026 (Q1) is 1.41.