Westar Energy (WR) Misses Q2 EPS by 6c

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Go back to Westar Energy (WR) Misses Q2 EPS by 6c

Westar Energy announces 2nd quarter 2017 results

August 8, 2017 5:00 PM EDT

TOPEKA, Kan., Aug. 08, 2017 (GLOBE NEWSWIRE) -- Westar Energy, Inc. (NYSE: WR) today announced earnings of $72 million, or $0.50 per share, for the second quarter 2017 compared with earnings of $72 million, or $0.51 per share, for the second quarter 2016. Earnings for the six months ended June 30, 2017 were $132 million, or $0.92 per share, compared with $138 million, or $0.97 per share, for the same period in 2016.

Lower earnings per share for the second quarter were driven by lower residential and commercial sales primarily due to milder weather this year compared to last year.  The lower sales were partially offset by a decrease in... More