On Nov. 2, Great Plains Energy (NYSE:GXP) released third-quarter earnings for the period ended Sept. 30.

  • Revenues rose by 4.6% to $819 million because of growth in all of the reporting segments.

  • Net profit declined by 38.1%. The company's non-GAAP earnings also declined, primarily because of special items included in last year's earnings.

  • Great Plains has received two stars from our Motley Fool CAPS community. Eleven players have given it an "outperform" rating, while four have rated it an "underperform." Take your shot at rating this stock.

(Figures in millions, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$819

$783

4.6%

Net Profit*

$55

$89

(38.1%)

EPS

$0.68

$1.19

(42.9%)

Diluted Shares

80

75

7.3%

*Net profit does not include income from discontinued operations.

Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

33.47%

37.61%

(4.14)

Operating Margin

11.28%

16.03%

(4.75)

Net Margin

6.74%

11.38%

(4.64)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$59

$58

1.4%

Accounts Rec.

$345

$338

2.0%

Inventory

$85

$77

10.5%


Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$261

$223

17.1%

Long-Term Debt

$752

$894

(15.8%)

Learn the ways of the balance sheet.

Related Companies:

  • Black Hills (NYSE:BKH)
  • Duquesne Light Holdings (NYSE:DQE)
  • Dynegy (NYSE:DYN)
  • El Paso Electric (NYSE:EE)
  • Hawaiian Electric Industries (NYSE:HE)

Related Foolishness:

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