|Westar Energy announces 2017 results|
Lower earnings per share for 2017, compared with the prior year, were the result of lower retail sales attributable to mild weather and having received no corporate-owned life insurance income. The lower revenue was partially offset by lower income tax expense.
Earnings per share for the fourth quarter 2017, compared with 2016, decreased primarily from writing off deferred income tax assets due to the passage of the Tax Cuts and Jobs Act. Lower corporate-owned life insurance income, offset in part by reduced operating and maintenance costs, also contributed to lower earnings per share.
As part of the merger of equals with
Conference Call and Additional Company Information
Members of the media are invited to listen to the conference call and then contact Gina Penzig with any follow-up questions.
This earnings announcement, a package of detailed fourth quarter and year-end 2017 financial information, the company's annual report on Form 10-K for the period ended Dec. 31, 2017 and other filings the company made with the
For more information about
Statements made in this release that are not based on historical facts are forward-looking, may involve risks and uncertainties, and are intended to be as of the date when made. Forward-looking statements include, but are not limited to, statements relating to the anticipated merger transaction of
This list of factors is not all-inclusive because it is not possible to predict all factors. Additional risks and uncertainties are discussed in the joint proxy statement/prospectus and other materials that
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