Westar Energy (WR) Misses Q4 EPS by 8c

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Go back to Westar Energy (WR) Misses Q4 EPS by 8c

Westar Energy announces 2015 results

February 24, 2016 5:02 PM EST

TOPEKA, Kan., Feb. 24, 2016 - Westar Energy, Inc. (NYSE: WR) today announced earnings of $292 million, or $2.11 per share, for 2015 compared with earnings of $313 million, or $2.40 per share, for 2014. Fourth quarter 2015 earnings were $39 million, or $0.28 per share, compared with earnings of $43 million, or $0.33 per share, for the fourth quarter 2014.

Net income for 2015 decreased primarily from lower retail sales, due largely from the effects of mild weather, with the fourth quarter being the second warmest in more than a century.  Additionally, energy marketing margins were $11 million lower than the unusually strong... More