Geopolitics Alpha

Korea Electric Power Stocks Fall 9.79% After Third-Quarter Net Profit Drops 78%

Published . Updated .

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Korea Electric Power Stocks Fall 9.79% After Third-Quarter Net Profit Drops 78%

Rising coal costs and weaker power sales cut operating profit 70.9%, renewing pressure on the state utility's finances.

Directly affected

  • KEP Korea Electric Power

    Named in this report.

Indirectly affected

  • XME SPDR S&P Metals & Mining ETF

    SPDR S&P Metals & Mining ETF: it holds coal and metals producers. Linked by “coal” (coal) in this story.

  • XLU Utilities Select Sector SPDR

    Utilities Select Sector SPDR: it holds power utilities. Linked by “utility” (power and utilities) in this story.

  • EWY iShares MSCI South Korea ETF

    iShares MSCI South Korea ETF holds stocks listed in South Korea, which this story is about (“korea”).

  • NEE NextEra Energy

    NextEra Energy (electric services): power demand and prices drive utility earnings. Linked by “utility” (power and utilities) in this story.

  • DUK Duke Energy

    Duke Energy (electric and other services combined): power demand and prices drive utility earnings. Linked by “utility” (power and utilities) in this story.

  • SO The Southern

    The Southern (electric services): power demand and prices drive utility earnings. Linked by “utility” (power and utilities) in this story.

  • BTU Peabody Energy

    Peabody Energy (bituminous coal and lignite surface mining): coal producers move with coal demand and prices. Linked by “coal” (coal) in this story.

  • CNR Core Natural Resources

    Core Natural Resources (silver ores): coal producers move with coal demand and prices. Linked by “coal” (coal) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
KEP+0.63%+0.81%base-8.86%after closeafter closeafter close
XMEPrices arriving within minutes———after closeafter closeafter closeafter close
XLUPrices arriving within minutes———after closeafter closeafter closeafter close
EWY-5.77%-4.26%base-2.72%after closeafter closeafter close
NEEPrices arriving within minutes———after closeafter closeafter closeafter close
DUKPrices arriving within minutes———after closeafter closeafter closeafter close
SOPrices arriving within minutes———after closeafter closeafter closeafter close
BTUPrices arriving within minutes———after closeafter closeafter closeafter close
CNRPrices arriving within minutes———after closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Korea Electric Power Stocks Fall 9.79% After Third-Quarter Net Profit Drops 78% Yahoo Finance

Source: Yahoo Finance

This story

CompanyWhenMoveStatus
EWYthat day-2.72%still updating
EWYthree days earlier-4.26%final price
EWYfive days earlier-5.77%final price
KEPthat day-8.86%still updating
KEPthree days earlier+0.81%final price
KEPfive days earlier+0.63%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100Price not final

“Korea Electric Power Stocks Fall 9.79% After Third-Quarter Net Profit Drops 78%” scores 12 out of 100. The score uses 1 sources. The price is not final yet.