Great Plains Energy earnings take a dive

Great Plains Energy reported a loss of $43.4 million, or 20 cents per share, for the third quarter, compared to earnings of $190.3 million or $1.23 per share for the same period in 2016. The company announced third quarter earnings of $3.4 million, or 2 cents per share, of average common stock outstanding, compared with third quarter 2016 earnings of $132.7 million, or 86 cents per share. Great Plains’ adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) exclude certain costs, expenses, gains, losses and the per share dilutive effect of equity issuances resulting from the anticipated merger with Westar Energy and the previous plan to acquire Westar. “We remain excited about our company and future with Westar Energy. Through our merger with Westar Energy, we aim to build the best energy company in the country – one focused on delivering exceptional value to shareholders, serving customers and communities well, and maintaining a rewarding work environment for our collective employees,” said Terry Bassham, chairman and chief executive officer of Great Plains Energy.