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WESTERN RESOURCES ANNOUNCES SECOND-QUARTER EARNINGS, COMMON STOCK ISSUE

 TOPEKA, Kan., July 30 /PRNewswire/ -- Western Resources, Inc., (NYSE: WR), today announced earnings per share of common stock for the second quarter of 1993 were $0.47, up $0.21 from the $0.26 per share reported in the second quarter of 1992.
 Net income for the second quarter of 1993 was $30,723,000 versus $18,434,000 reported in the same period last year.
 John E. Hayes Jr., Western Resources chairman of the board, president, and chief executive officer, attributed the second quarter earnings improvement to a return to more normal weather and merger- related savings. The second quarter was much warmer than the same quarter last year.
 Operating revenues for the second quarter of 1993 were $400,411,000, up from the $341,715,000 for the same quarter last year. Operating expenses were $340,129,000, up from the $295,885,000 reported for the second quarter of 1992. The increase in operating expenses is primarily a result of higher natural gas purchases and fuel used for generation caused by increased electric and natural gas sales.
 Retail kilowatt-hour sales of electricity in the second quarter of 1993 were 4,598,000, an increase of 13 percent from the second quarter of 1992. Natural gas deliveries, including volumes transported for large industrial and commercial customers, were 39,318,000 thousand cubic feet compared to natural gas deliveries of 32,998,000 thousand cubic feet for the second quarter of 1992.
 Warmer temperatures in the latter part of the quarter resulted in the increase in electric sales over the second quarter of last year. Cooling degree days, which are a measure of average temperatures for which air conditioning is needed, were 58 percent greater in Topeka than last year and 34 percent greater in Wichita.
 Cooler temperatures in the first part of the quarter also resulted in an increase in gas sales over the same quarter last year. Heating degree days, which are a measure of average temperatures for which heating is needed, were 21 percent greater than last year.
 Western Resources also announced that it had selected underwriters for the issuance of up to approximately 3 million shares of its common stock. The managing underwriters are Smith Barney Shearson Inc.; Dillon, Read and Co. Inc.; Prudential Securities Inc.; and Edward D. Jones & Co. The sale of the shares is anticipated to occur in August, subject to market conditions. Proceeds of the sales will be used to reduce indebtedness and for general corporate purposes.
 Western Resources, through its operating companies KPL, KG&E, and Gas Service, provides natural gas service to approximately 1,083,000 customers in Kansas, western Missouri, and northern Oklahoma, and electric service to 578,000 customers in eastern and central Kansas. Western Resources is headquartered in Topeka, and is traded on the New York Stock Exchange under the ticker symbol WR.
 -0- 7/30/93
 /CONTACT: Michel Quakenbush of Western Resources, 913-575-1927/
 (WR)


CO: Western Resources, Inc. ST: Kansas IN: UTI SU: ERN

LD-WB -- NY071 -- 7953 07/30/93 17:16 EDT
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Publication:PR Newswire
Date:Jul 30, 1993
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