This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Great Plains Energy Reports Second Quarter 2012 Results

Great Plains Energy (NYSE: GXP) today announced second quarter 2012 earnings of $57.7 million or $0.41 per share of common stock outstanding, compared with second quarter 2011 earnings of $43.0 million or $0.31 per share. The Company also announced it is reaffirming its 2012 earnings guidance range of $1.20 to $1.40 per share.

The increase in the second quarter 2012 earnings compared to 2011 reflected much warmer weather than a year ago. During the quarter, cooling degree days were 30 percent above the same period last year and 56 percent above normal. Solid operational performance also contributed to favorable results for the quarter.

For the first six months of 2012, earnings were $48.2 million or $0.34 per share, compared to $45.0 million or $0.32 per share for the same period last year. Unfavorable weather reflected by a 34 percent decrease in heating degree days during the first quarter more than offset the impact of the increase in cooling degree days during the second quarter.

“Despite the challenging conditions caused by the record-setting temperatures that have impacted our service territory, our employees have done an exceptional job maintaining our system and serving our customers with outstanding reliability,” stated Terry Bassham, President and CEO of Great Plains Energy.

As a result of the extreme heat, Kansas City Power & Light Company (KCP&L) recently announced it has expanded its Connections programs to assist customers with their electric bills. The programs target low-income customers and senior citizens and include a new Family Relief Fund that will provide bill credits for qualifying customers with children living at home to help reduce the impact of the extreme heat on family budgets. In addition, KCP&L has extended its Economic Relief Pilot program that provides year-round financial assistance to low income customers.

“We are mindful of those most in need across our service territory and our expanded Connections programs will provide assistance to customers during this challenging period,” continued Bassham.

1 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.21 -0.44%
FB $117.80 -0.22%
GOOG $701.26 0.80%
TSLA $211.34 -5.00%
YHOO $36.94 2.60%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,048.02 -3.10 -0.15%
NASDAQ 4,712.6790 -12.96 -0.27%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs