Quadruples

UtiliCorp Follows Aquila to the Bank, Quadruples Earnings

Kansas City, MO-based Aquila Inc. reported Wednesday that it posted a staggering second-quarter net income of $101.3 million ($1.05 per share), an increase of 367% over the prior year’s second-quarter net income of $21.7 million ($0.25 per share). The sizeable increase was led by the company’s wholesale services segment, which boasted an earnings before interest and taxes (EBIT) of $148.5 million, compared to the segment’s $25.3 million posted during the second quarter of 2000. Aquila said that first-half EPS and net income exceed full-year 2000 results.

August 13, 2001