Great Plains Energy (GXP) Tops Q1 EPS by 3c, Affirms Guidance

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Great Plains Energy Reports First Quarter 2016 Results

May 5, 2016 5:11 PM EDT

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Great Plains Energy (NYSE: GXP) today announced first quarter 2016 earnings of $26.0 million or $0.17 per share of average common stock outstanding, compared with first quarter 2015 earnings of $18.5 million or $0.12 per share. The Company is also affirming its 2016 earnings guidance range of $1.65 to $1.80 per share.

"We continue to transition to a cleaner generation portfolio by making investments in renewable energy and energy efficiency," said Terry Bassham, chairman and chief executive officer of Great Plains Energy. "Last month, we ceased burning more than 250 megawatts of energy at two... More