WESTERN RESOURCES REPORTS DROP IN 3Q EARNINGS PER SHARE
Western Resources reports consolidated third-quarter 2001 earnings of 51 cents per share, compared to 87 cents per share in the same period last year.
Electrical operations contributed operating earnings of 68 cents per share, down from 86 cents per share in the same period last year.
Westar Industries reports a loss of 3 cents per share, compared to a loss of 7 cents per share in the same period a year ago.
Protection One reports a loss of 18 cents per Western Resource share in the third quarter, the same amount reported for the same period last year. Westar Industries owns approximately 87.5 shares of Protection One. Currently, Pro One has drawn about $131 million of the $155 million available under its senior credit facility with Westar.
The investment in ONEOK contributed to 12 cents to Western Resources’ third-quarter earnings per share, the same amount one year ago. The company’s other unregulated holdings had earnings of 3 cents per share for the third quarter, compared to a loss of 1 cent per share in the same period last year.
Third-quarter 2001 total earnings also include a loss of 14 cents per share principally attributable to expenses related to the Public Service Company of New Mexico transaction.
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