G. C. Hunter Dateline: April 13, 1995 Secretary-Treasurer For Release: Immediately THE EMPIRE DISTRICT ELECTRIC COMPANY EARNINGS REPORT JOPLIN, MO The Empire District Electric Company reported earnings of $1.33 per share of common stock for the twelve months ended March 31, 1995 on revenues of $178,480,000 and net income of $20,506,000. Earnings for the twelve months ended March 31, 1994, were $1.13 per share on revenues of $170,703,000 and net income of $15,593,000. Earnings for the first quarter of 1995 were $0.28 per share on revenues of $42,396,000 and net income of $4,566,000. Earnings for the same period in 1994 were $0.27 per share on revenues of $41,673,000 and net income of $3,743,000. THE EMPIRE DISTRICT ELECTRIC COMPANY FINANCIAL HIGHLIGHTS Quarter Ended March 31 Twelve Months Ended March 31 1995 1994 1995 1994 Operating Revenues $42,396,000 $41,673,000 $178,480,000 $170,703,000 Net Income $4,566,000 $3,743,000 $20,506,000 $15,593,000 Net Income Applicable to $3,962,000 $3,647,000 $18,435,000 $15,208,000 Common Stock Weighted Average Common Shares 13,966,088 13,592,071 13,826,455 13,487,112 Outstanding Earnings per Share of Common Stock $0.28 $0.27 $1.33 $1.13 Empire supplies electric service to a 10,000 square- mile area in southwest Missouri, southeast Kansas, northeast Oklahoma and northwest Arkansas. The Company also provides water service in three incorporated communities in Missouri.