Markets.News
EPCOR Utilities Inc. reported their quarterly results for the period ended March 31, 2025, with net income at $103 million, a slight decrease from the previous year. Adjusted EBITDA was $289 million, showing an increase driven by higher rates, consumption, and customer growth. The company highlighted the launch of a new energy product in January called Rate of Last Resort (RoLR) and their sustainability efforts in the 2024 Sustainability Performance Update. EPCOR emphasized their commitment to managing costs for customers while investing in infrastructure expansion. Operating costs per customer were limited to an annual increase of less than 2.5% between 2022-2024, below the North American consumer price increase average of 3.8% per year. Capital expenditures stood at $194 million for the quarter. EPCOR President & CEO, John Elford, mentioned growth across their footprint supporting financial performance and investment plans.