Westar Energy (WR) Tops Q3 EPS by 5c

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Go back to Westar Energy (WR) Tops Q3 EPS by 5c

Westar Energy announces 3rd quarter 2016 results.

November 1, 2016 5:01 PM EDT

 

TOPEKA, Kan., Nov. 1, 2016 - Westar Energy, Inc. (NYSE: WR) today announced earnings of $155 million, or $1.09 per share, for the third quarter 2016 compared with earnings of $138 million, or $0.97 per share, for the third quarter 2015. Earnings for the nine months ended Sept. 30, 2016 were $293 million, or $2.06 per share, compared with $253 million, or $1.84 per share, for the same period in 2015.

Higher net income for the third quarter, compared with last year, was driven by better cost recovery through recent rate adjustments and an increase in... More