Empire District Electric Company (NYSE:EDE) has released the financial results for the quarter and year ended December 31, 2009. It’s reported consolidated earnings for the year were $41.3 million, or $1.18 per basic and diluted share. 2008 reported earnings of $39.7 million, or $1.17 per share. 2009 fourth quarter earnings were reported as $7.9 million, or $0.22 per share, versus fourth quarter earnings of $7.7 million, or $0.23 per share for 2008.
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The Board of Directors has declared a quarterly dividend of $0.32 per common share. The dividend is payable on March 5, 2010 to holders of record of March 1, 2010.
The Empire District Electric Company (Empire District) is an operating public utility engaged in the generation, purchase, transmission, distribution and sale of electricity in parts of Missouri, Kansas, Oklahoma and Arkansas. The Company operates its businesses as three segments: electric, gas and other. As part of its electric segment, the Company also provides water service to three towns in Missouri. The Empire District Gas Company (EDG) is the Company’s wholly owned subsidiary formed to hold the Missouri Gas assets acquired from Aquila, Inc. Empire District’s other segment consists of fiber optics business. At December 31, 2008, the Company’s principal gas utility properties consisted of approximately 87 miles of transmission mains and approximately 1,113 miles of distribution mains.
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