-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SlleU1ugq2ZYkGeXsM8byXWwI3M+a17piU/+KrSjCt6TDZGLe6Ez48RTAykjUFb2 sd25JWhCbxZbweAnTnyCTA== 0001047469-03-025034.txt : 20030724 0001047469-03-025034.hdr.sgml : 20030724 20030724154311 ACCESSION NUMBER: 0001047469-03-025034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030724 ITEM INFORMATION: Other events ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030724 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EMPIRE DISTRICT ELECTRIC CO CENTRAL INDEX KEY: 0000032689 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 440236370 STATE OF INCORPORATION: KS FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03368 FILM NUMBER: 03800969 BUSINESS ADDRESS: STREET 1: 602 JOPLIN ST CITY: JOPLIN STATE: MO ZIP: 64801 BUSINESS PHONE: 4176255100 MAIL ADDRESS: STREET 1: P.O. BOX 127 CITY: JOPLIN STATE: MO ZIP: 64802 8-K 1 a2115333z8-k.htm 8-K
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 24, 2003

THE EMPIRE DISTRICT ELECTRIC COMPANY
(Exact name of registrant as specified in charter)

Kansas
(State or other jurisdiction
of incorporation)
  1-3368
(Commission
File Number)
  44-0236370
(IRS Employer
Identification Number)


602 Joplin Street, Joplin, Missouri 64801
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (417) 625-5100

Not applicable
(Former name or former address, if changed since last report)





Item 7.    Financial Statements and Exhibits.

    (c)
    Exhibits. The following exhibits are furnished herewith:
Exhibit No.
  Description

99.1   Press Release, dated July 24, 2003, announcing the Company's earnings for the second quarter of 2003 and the twelve month period ended June 30, 2003.


Item 9.    Regulation FD Disclosure.

        Attached hereto as Exhibit 99.1 is a press release, which is incorporated by reference herein, issued by the Company on July 24, 2003 announcing the Company's earnings for the second quarter of 2003 and for the twelve month period ended June 30, 2003.


Item 12.    Results of Operations and Financial Condition.

        Attached hereto as Exhibit 99.1 is a press release, which is incorporated by reference herein, issued by the Company on July 24, 2003 announcing the Company's earnings for the second quarter of 2003 and for the twelve month period ended June 30, 2003.

2




SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    THE EMPIRE DISTRICT ELECTRIC COMPANY

 

 

By

/s/  
G. A. KNAPP      
    Name: G. A. Knapp
    Title: Vice President—Finance and Chief Financial Officer

Dated: July 24, 2003

3




Exhibit Index

Exhibit Number
  Description

99.1   Press Release, dated July 24, 2003, announcing the Company's earnings for the second quarter of 2003 and the twelve month period ended June 30, 2003.

4




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SIGNATURE
Exhibit Index
EX-99.1 3 a2115333zex-99_1.htm EX-99.1
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Exhibit 99.1

[LOGO]   PRESS RELEASE

FOR IMMEDIATE RELEASE

Contact:

MEDIA COMMUNICATIONS:
Amy Bass
Director of Corporate Communications
417 625-5114
  INVESTOR RELATIONS:
Janet S. Watson
Secretary—Treasurer
417 625-5108


THE EMPIRE DISTRICT ELECTRIC COMPANY
DECLARATION OF DIVIDENDS AND EARNINGS REPORT

        JOPLIN, MO, July 24, 2003—(NYSE: EDE) At the Board of Directors meeting held today, the Directors declared a quarterly dividend of 32 cents per share on Common Stock payable September 15, 2003, to holders of record as of September 1, 2003.

        The Company reported earnings for the second quarter of 2003 of $2.9 million, or $0.13 per share, as compared to earnings in the same quarter of 2002 of $4.0 million, or $0.19 per share.

        Kilowatt-hour sales and earnings decreased during the second quarter of 2003 as compared to the second quarter of 2002 primarily due to milder temperatures during June 2003 than in June 2002. Fuel and purchased power costs were higher in the second quarter of 2003 primarily due to reduced coal-fired generation. Increased pension plan expense also impacted earnings for that quarter. Although sales and earnings decreased for the quarter, revenues increased due to rate increases in Missouri and Kansas. Positively impacting earnings for the quarter was a decrease in maintenance costs.

        The Company reported earnings for the twelve months ended June 30, 2003 of $31.0 million, or $1.37 per share. This compared to earnings of $10.9 million, or $0.57 per share, for the twelve months ended June 30, 2002.

        Revenues and earnings for the twelve months ended June 30, 2003 were positively impacted by rate increases in Missouri and Kansas and more favorable weather than we had during the same period of 2002. Earnings also increased because of a reduction in fuel costs (due primarily to an effective fuel procurement strategy for natural gas) and a decrease in generation from our gas-fired units (due to the availability of competitively priced purchased power in the market). A decrease in maintenance costs also contributed to the increase in earnings.

-more-

THE EMPIRE DISTRICT ELECTRIC COMPANY • 602 JOPLIN STREET • JOPLIN, MISSOURI 64802 •
417-625-5100 • FAX: 417-625-5169 • www.empiredistrict.com


Page 2
July 24, 2003

THE EMPIRE DISTRICT ELECTRIC COMPANY
FINANCIAL HIGHLIGHTS

 
  Quarter Ended June 30
  Twelve Months Ended June 30
 
 
  2003
  2002
  2003
  2002
 
Operating Revenues   $ 74,603,000   $ 68,905,000   $ 323,210,000   $ 280,354,000  
Net Income Applicable to Common Stock   $ 2,901,000   $ 4,027,000   $ 30,959,000   $ 10,945,000 *
Weighted Average Common Shares Outstanding     22,728,088     20,919,087     22,580,923     19,133,160  
Basic and Diluted Earnings per Share   $ 0.13   $ 0.19   $ 1.37   $ 0.57 *

*
Includes merger expenses (net of tax) of $1,103,000, or $0.06 per share, and a non-cash charge (net of tax) of $2,530,000, or $0.13 per share, relating to the SLCC disallowance.

        Based in Joplin, Missouri, The Empire District Electric Company (NYSE:EDE) is an investor-owned utility providing electric service to approximately 154,000 customers in southwest Missouri, southeast Kansas, northeast Oklahoma, and northwest Arkansas. The Company also provides fiber optic and Internet services and has an investment in close-tolerance, custom manufacturing. Empire provides water service in three incorporated communities in Missouri.

###

Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Such statements address future plans, objectives, expectations, and events or conditions concerning various matters. Actual results in each case could differ materially from those currently anticipated in such statements, by reason of the factors noted in our filings with the SEC, including the most recent Form 10-K and Form 10-Q.





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