Westar Energy (WR) Misses Q2 EPS by 2c; Reaffirms

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Go back to Westar Energy (WR) Misses Q2 EPS by 2c; Reaffirms

Westar Energy announces 2nd quarter 2016 results.

August 2, 2016 5:01 PM EDT

            TOPEKA, Kan., Aug. 2, 2016 - Westar Energy, Inc. (NYSE: WR) today announced earnings of $72 million, or $0.51 per share, for the second quarter 2016 compared with earnings of $64 million, or $0.47 per share, for the second quarter 2015. Earnings for the six months ended June 30, 2016 were $138 million, or $0.97 per share, compared with $115 million, or $0.85 per share, for the same period in 2015.

            Higher net income for the second quarter, compared with last year, was driven by the impact of regulatory rate review that concluded in late 2015, higher sales due to warmer spring... More