0318 GMT - Korea Electric Power's 2026 earnings could be pressured by higher fuel costs, Nomura's Cindy Park and Dongmin Lee say. The analysts lower their forecast for earnings before interest and taxes for the South Korean state utility by 17% this year. They say prices of oil and liquefied natural gas have increased 40% and 48%, respectively, since the U.S. and Israel launched air strikes on Iran in late February. The won's depreciation against the dollar and slower power consumption in South Korea are also weighing on earnings, they say. Nomura cuts its target price on the stock by 10% to 61,000 won while maintaining a buy rating. Shares are down 0.5% at 45,650 won. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

April 19, 2026 23:18 ET (03:18 GMT)

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