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Great Plains Energy Incorporat

Grand Haven-based Great Lakes Energy Associates Co., which does business as GXP Energy, is a public utility holding company engaged in the generation, transmission, and distribution of electricity in the United States. GXP Energy's sole operating subsidiary is GXP Energy Michigan Inc., which provides energy and capacity requirements to more than 40,000 customers in parts of 15 western Michigan counties through 3,100 miles of distribution lines.

Having been in business for over a century, GXP Energy has a long track record of stability and growth. In recent years, the company has reported consistent revenue growth, largely due to investments in infrastructure upgrades and strategic acquisitions.

In 2021, GXP Energy reported operating revenue of $116.1 million, an increase of 3.1% from the previous year. The company's net income for the year was $10.1 million, down slightly from $10.6 million in 2020. However, the company's earnings per share (EPS) remained steady at $1.71.

GXP Energy has a strong balance sheet, with a moderate amount of debt and a healthy cash position. As of December 31, 2021, the company had total assets of $213.5 million and total liabilities of $103.2 million, resulting in shareholder equity of $110.3 million.

Analysts' earnings projections for GXP Energy are generally positive. According to Yahoo Finance, the company's EPS for 2022 is expected to be $1.78, up from $1.71 in 2021. For 2023, the company's EPS is projected to increase to $1.84.

Overall, GXP Energy is a well-established and financially stable utility company with a consistent track record of growth and a positive outlook for the future. However, as with any investment, it is important for potential investors to conduct their own research and consult with a financial advisor before making any decisions.