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UBS Reaffirms Buy Rating for Evergy (EVRG), Sees Growth Boost from Data Centers
Yahoo Finance· 2025-10-02 06:33
Evergy Inc. (NASDAQ:EVRG) ranks among the top picks for a retirement portfolio. UBS maintained its Buy rating and $81 price target for Evergy, Inc. (NASDAQ:EVRG) on September 19. Analyst William Appicelli believes that at its fourth quarter update, Evergy could boost its growth rate from the current 4-6% to 6-8%. Pixabay/Public Domain UBS attributed its higher capital expenditure projections and higher earnings per share estimates to the anticipated generation capacity to handle about 2GW of additional ...
This Dividend ETF Is a Great Way to Find High-Yield Stocks. Here Are 3 I’m Watching Now.
Yahoo Finance· 2025-10-01 23:30
With DIV and many other dividend-driven ETFs, I know that the stock portfolio can be used as a screening tool as well. So while on the surface, a portfolio selling at less than 11x trailing earnings and yielding 6.7% is quite intriguing, the mission here is to cherry-pick. I’m looking for the 3 stocks within those 50 held by DIV that not only have a nice “sticker price” when it comes to their dividend yield right now. I’m also doing my usual “risk manager” thing by charting them all, in search of a few that ...
Evergy's Infrastructure Investments & Renewable Push Drive Growth
ZACKS· 2025-09-30 14:31
Key Takeaways Evergy's transmission and distribution operations support revenues and reliable electricity delivery.EVRG targets $17.5B in 2025-2029 capital investments, with $6.17B for renewable generation.The Integrated Resource Plan aims for net-zero emissions by 2045 with a 70% cut by 2030.Evergy, Inc. (EVRG) continues to benefit from its focus on expanding its operations in the transmission market. Through planned investments and the Integrated Resource Plan, Evergy aims to add more renewable assets and ...
TerraPower, Evergy and the State of Kansas Announce Agreement to Explore Advanced Nuclear Energy Deployment
Businesswire· 2025-09-23 19:00
KANSAS CITY, Mo.--(BUSINESS WIRE)--TerraPower, a nuclear innovation company, Evergy (NASDAQ: EVRG) and the Kansas Department of Commerce, announced today the signing of a memorandum of understanding (MOU) to explore siting TerraPower's flagship technology, the Natrium® reactor1 and energy storage system, within Evergy's service territory in Kansas. This agreement will enable the collaboration between the entities to evaluate site-specific characteristics for a potential advanced nuclear power p. ...
Evergy: Nothing To Get Excited About
Seeking Alpha· 2025-08-15 12:14
Core Viewpoint - The article emphasizes the importance of dividend-paying stocks for steady wealth accumulation and highlights the author's extensive experience in investment advising and stock market analysis [1] Group 1: Author's Background - The author has over 10 years of experience as a Registered Investment Advisor and has authored multiple financial books [1] - Prior to becoming a Registered Investment Advisor, the author spent 15 years as a corporate manager at Georgia-Pacific Corp [1] - The author has also operated various businesses, including manufacturing and export marketing management [1] Group 2: Investment Philosophy - The mission of Guiding Mast Investments is to assist investors in maintaining a steady pace of wealth accumulation [1] - The focus is on timely selections of dividend-paying stocks, which are considered crucial for financial growth [1] - The author previously created an investment newsletter in the late 1990s that concentrated on dividend reinvestment plans (DRIPs) [1]
Evergy(EVRG) - 2025 Q2 - Earnings Call Transcript
2025-08-07 14:02
Financial Data and Key Metrics Changes - The company reported adjusted earnings of $0.82 per share for Q2 2025, exceeding internal budget and overcoming approximately $0.09 of unfavorable weather impacts [6][26] - Year-over-year adjusted earnings decreased from $0.90 per share in Q2 2024 to $0.82 per share in Q2 2025, attributed to a 26% decrease in cooling degree days [26][27] - The company is on track for the midpoint of full-year 2025 adjusted EPS guidance of $3.92 to $4.12 per share [6][32] Business Line Data and Key Metrics Changes - The company achieved a 1.4% increase in weather-normalized demand in Q2 2025, driven by growth in residential and commercial usage [30] - The exit from the Evergy Ventures business resulted in losses of approximately $0.08 million in Q2 2025, with the remaining book value of these investments at approximately $100 million [28][29] Market Data and Key Metrics Changes - The company anticipates a peak demand of 1.1 gigawatts with 500 megawatts online by 2029, supporting an estimated demand forecast of 2% to 3% through 2029 [14][16] - The economic development pipeline includes a robust backlog of over 15 gigawatts, with significant interest from large customers in Kansas and Missouri [11][12] Company Strategy and Development Direction - The company reaffirms a long-term growth target of 4% to 6% through 2029, based on the 2025 midpoint of $4.2 per share [8][32] - The strategy focuses on affordability, reliability, and sustainability, with an emphasis on grid modernization and new generation resources [10][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the midpoint of adjusted EPS guidance for 2025, citing strong operational execution and favorable economic conditions [32] - The company is well-positioned to attract new customers and investments, with ongoing discussions and settlements in regulatory proceedings [20][78] Other Important Information - The Kansas Corporation Commission approved settlement agreements for new natural gas plants and solar farms, reflecting a collaborative regulatory environment [7][19] - The company is committed to investing in infrastructure to support economic development and enhance service reliability for existing and new customers [21][24] Q&A Session Summary Question: Can you expand on the timing to derisk equity needs beyond 2025? - Management indicated no planned equity raise in 2025, with approximately $600 million per year needed in 2026 and 2027, and flexibility in accessing equity markets [41][42] Question: How would a lower ramp from Panasonic impact load growth? - Management stated that the current forecast includes only 2% to 3% load growth, with additional customers potentially increasing this to 4% to 5% [43][44] Question: How does the large load customer pipeline relate to tariff proceedings? - Management noted that while tariff proceedings are important, they are not gating items for customer projects, which are advancing in parallel [76][78] Question: Are the approved solar projects subject to additional federal permitting? - Management believes the approved solar projects will qualify under current rules, but will remain flexible to adapt to any new federal guidelines [85][87]
Evergy(EVRG) - 2025 Q2 - Earnings Call Transcript
2025-08-07 14:00
Financial Data and Key Metrics Changes - The company reported adjusted earnings of $0.82 per share for Q2 2025, exceeding internal budget and overcoming approximately $0.09 of unfavorable weather impacts [6][28] - Year-over-year adjusted earnings decreased from $0.90 per share in Q2 2024 to $0.82 per share in Q2 2025, primarily due to a 26% decrease in cooling degree days [28][29] - The company reaffirmed its full-year adjusted EPS guidance of $3.92 to $4.12 per share, with expectations to achieve the midpoint [6][33] Business Line Data and Key Metrics Changes - The company experienced a 1.4% increase in weather-normalized demand in Q2 2025, driven by growth in residential and commercial usage [31] - The exit from the Evergy Ventures business resulted in losses of approximately $0.08 million in Q2 2025, which are excluded from adjusted earnings [30] Market Data and Key Metrics Changes - The company anticipates a peak demand of 1.1 gigawatts with 500 megawatts online by 2029, supporting an estimated demand growth forecast of 2% to 3% through 2029 [15][32] - The economic development pipeline includes a robust backlog of over 15 gigawatts, with significant interest from large customers in Kansas and Missouri [12][13] Company Strategy and Development Direction - The company is committed to a long-term growth target of 4% to 6% through 2029, focusing on affordability, reliability, and sustainability [8][33] - The company aims to invest in grid modernization and new generation resources to support higher capacity margin requirements and accommodate load growth from potential large customers [11][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a balanced approach to meet customer demand and generation needs, emphasizing the importance of flexibility in operations [68] - The company highlighted the supportive regulatory environment in Kansas and Missouri as a key factor in attracting new customers and investments [20][24] Other Important Information - The company achieved several regulatory milestones, including approvals for new natural gas plants and solar farms in both Kansas and Missouri [7][19] - The Kansas Central rate case settlement, if approved, would provide a net revenue increase of $128 million and establish a mechanism for sharing excess earnings with customers [9][10] Q&A Session Summary Question: Can you expand on the timing to derisk equity needs beyond 2025? - Management indicated no planned equity raise in 2025, with approximately $600 million needed in 2026 and 2027, and flexibility in accessing equity markets [41][42] Question: How would a lower ramp from Panasonic impact load growth? - Management stated that the current forecast includes only 2% to 3% load growth, with additional customers potentially increasing this to 4% to 5% [44] Question: What factors influence the large load customer pipeline? - Management noted that both customer development timelines and the company's ability to process and serve are critical factors [49][51] Question: Is the 8.5% rate base growth inclusive of new gas plants and solar? - Management confirmed that the 8.5% reflects the rate base growth associated with the $17.5 billion capital plan, including some approved projects [58][62] Question: How does the company view federal permitting for renewable projects? - Management expressed confidence that approved solar projects will qualify under current regulations, while remaining flexible to adapt to evolving federal guidelines [81][83]
Evergy Inc (EVRG) Q2 Earnings Surpass Estimates
ZACKS· 2025-08-07 13:11
Core Viewpoint - Evergy Inc reported quarterly earnings of $0.82 per share, exceeding the Zacks Consensus Estimate of $0.76 per share, but down from $0.90 per share a year ago, indicating a +7.89% earnings surprise [1][2] Group 1: Earnings Performance - The company surpassed consensus EPS estimates two times over the last four quarters [2] - Evergy's revenues for the quarter ended June 2025 were $1.44 billion, missing the Zacks Consensus Estimate by 1.93%, compared to $1.45 billion in the same quarter last year [2] - The company has topped consensus revenue estimates two times over the last four quarters [2] Group 2: Stock Performance - Evergy shares have increased approximately 19% since the beginning of the year, outperforming the S&P 500's gain of 7.9% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] Group 3: Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.16 on revenues of $1.85 billion, and for the current fiscal year, it is $4.00 on revenues of $5.96 billion [7] - The Zacks Industry Rank for Utility - Electric Power is in the top 36% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]
Evergy(EVRG) - 2025 Q2 - Earnings Call Presentation
2025-08-07 13:00
Financial Performance - Second Quarter 2025 GAAP Earnings Per Share (EPS) was $0.74, while adjusted EPS was $0.82[19] - Second Quarter 2024 adjusted EPS was $0.90[17] - Year-to-date 2025 adjusted EPS was $1.37, compared to $1.44 in 2024[17] - The company reaffirmed its 2025 adjusted EPS guidance of $3.92 - $4.12 and a long-term adjusted EPS target of 4% to 6% off the 2025E midpoint of $4.02 through 2029E[19] Regulatory and Economic Development - A unanimous settlement agreement was filed for the Evergy Kansas Central Rate Review, projecting a $128 million net revenue increase[23] - The settlement utilizes a 9.7% Return on Equity (ROE) for transmission delivery charge filings and an 8.45% pre-tax rate of return for plant-in-service accounting (PISA) for future investments[23] - The economic development pipeline remains robust, representing over 15 gigawatts of incremental demand actively considering the service territories[27] - The company anticipates serving up to 4-6 GWs of new large load customers, with approximately 500 MW of peak demand expected by 2029 from actively building customers and a potential 600 MW from finalizing agreements[27, 28] Generation and Investment - The company is advancing an "all-of-the-above" generation strategy, including natural gas and solar projects, with a total capacity of 2,184 MW[36] - The company plans $17.5 billion in infrastructure investment from 2025E-2029E, implying an annualized rate base growth of approximately 8.5% from 2024E-2029E[56] Retail Sales Trends - Weather-normalized retail demand grew by 1.4% in the second quarter of 2025, with residential and commercial sectors growing by 1.3% and 2.6% respectively, while industrial declined by 0.9%[49]
Evergy(EVRG) - 2025 Q2 - Quarterly Results
2025-08-07 11:00
[Evergy Second Quarter 2025 Financial Results](index=1&type=section&id=Evergy%20Second%20Quarter%202025%20Financial%20Results) Evergy's Q2 2025 financial results show a decrease in EPS, driven by weather and higher expenses, with reaffirmed full-year guidance [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Evergy reported a decline in Q2 2025 GAAP and adjusted EPS, declared a **$0.6675** dividend, and reaffirmed its full-year adjusted EPS guidance Q2 2025 vs Q2 2024 Earnings Per Share (EPS) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | **GAAP EPS** | $0.74 | $0.90 | | **Adjusted EPS (non-GAAP)** | $0.82 | $0.90 | - A quarterly dividend of **$0.6675 per share** was declared by the Board of Directors[7](index=7&type=chunk)[8](index=8&type=chunk) - The company reaffirmed its 2025 adjusted (non-GAAP) EPS guidance range of **$3.92 to $4.12**[4](index=4&type=chunk)[6](index=6&type=chunk)[7](index=7&type=chunk) [Performance Analysis](index=1&type=section&id=Performance%20Analysis) Q2 2025 adjusted EPS decline was driven by unfavorable weather, higher O&M, interest, and depreciation, partially offset by regulated investment recovery and demand growth - Milder weather was a key negative driver, causing a **26% decrease** in cooling degree days compared to Q2 2024[3](index=3&type=chunk) - Earnings were also negatively impacted by higher operations and maintenance (O&M) expense, interest, and depreciation[3](index=3&type=chunk) - Partially offsetting factors included increased revenue from the recovery of regulated investments and growth in weather-normalized demand[3](index=3&type=chunk) [Management Commentary and Business Updates](index=1&type=section&id=Management%20Commentary%20and%20Business%20Updates) CEO David Campbell emphasized financial target delivery and customer service, noting a unanimous Kansas rate case settlement and approvals for new natural gas and solar projects - The company remains focused on delivering against its financial targets and serving its **1.7 million customers**[4](index=4&type=chunk) - A unanimous settlement agreement was announced in the Kansas Central rate case, which awaits approval from the Kansas Corporation Commission (KCC)[5](index=5&type=chunk) - Evergy received approval for new natural gas and solar projects in both Kansas and Missouri[5](index=5&type=chunk) [Financial Outlook and Guidance](index=1&type=section&id=Financial%20Outlook%20and%20Guidance) Evergy reaffirmed its 2025 adjusted EPS guidance of **$3.92 to $4.12** and its long-term annual adjusted EPS growth target of **4% to 6%** through 2029 - The 2025 adjusted EPS (non-GAAP) guidance is reaffirmed at a range of **$3.92 to $4.12**[6](index=6&type=chunk) - The long-term adjusted EPS (non-GAAP) annual growth target is reaffirmed at **4% to 6%** through 2029, based on the 2025 guidance midpoint of **$4.02**[6](index=6&type=chunk) - The company anticipates adjusted EPS growth to be in the **upper half of the 4% to 6% range** beginning in 2026[6](index=6&type=chunk) [Dividend Declaration](index=2&type=section&id=Dividend%20Declaration) The Board of Directors declared a quarterly cash dividend of **$0.6675 per share**, payable September 19, 2025, to shareholders of record on August 22, 2025 Quarterly Dividend Details | Detail | Information | | :--- | :--- | | **Dividend per Share** | $0.6675 | | **Record Date** | August 22, 2025 | | **Payment Date** | September 19, 2025 | [Reconciliation of GAAP to Non-GAAP Measures](index=2&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) Evergy reconciles GAAP to non-GAAP adjusted earnings by excluding items like mark-to-market impacts and investment losses, with Q2 2025 GAAP net income of **$171.3 million** adjusting to **$191.1 million** - Adjusted earnings (non-GAAP) are used by management to evaluate recurring earnings by excluding items like mark-to-market impacts of hedges and unrealized losses from certain investments[11](index=11&type=chunk)[13](index=13&type=chunk)[14](index=14&type=chunk) Reconciliation of Net Income to Adjusted Earnings (Unaudited, in millions) | Three Months Ended June 30 | 2025 | 2024 | | :--- | :--- | :--- | | **Net income attributable to Evergy, Inc. (GAAP)** | **$171.3** | **$207.0** | | Losses from investments, pre-tax | $25.4 | — | | Income tax benefit | ($5.6) | — | | **Adjusted earnings (non-GAAP)** | **$191.1** | **$207.0** | | **Diluted EPS (GAAP)** | **$0.74** | **$0.90** | | **Adjusted EPS (non-GAAP)** | **$0.82** | **$0.90** | Year-to-Date Reconciliation of Net Income to Adjusted Earnings (Unaudited, in millions) | Year to Date June 30 | 2025 | 2024 | | :--- | :--- | :--- | | **Net income attributable to Evergy, Inc. (GAAP)** | **$296.3** | **$329.7** | | Mark-to-market impact of JEC hedges, pre-tax | — | $2.6 | | Losses from investments, pre-tax | $29.0 | — | | Income tax benefit | ($6.4) | ($0.06) | | **Adjusted earnings (non-GAAP)** | **$318.9** | **$331.7** | | **Diluted EPS (GAAP)** | **$1.28** | **$1.43** | | **Adjusted EPS (non-GAAP)** | **$1.37** | **$1.44** | [Corporate Information and Disclosures](index=4&type=section&id=Corporate%20Information%20and%20Disclosures) This section outlines Evergy's corporate profile, forward-looking statement disclaimers, and investor and media contact information [About Evergy](index=4&type=section&id=About%20Evergy) Evergy, Inc. is an energy company serving **1.7 million customers** in Kansas and Missouri, with approximately **50%** of its power from carbon-free sources - Serves **1.7 million customers** in Kansas and Missouri[21](index=21&type=chunk) - Approximately **50%** of Evergy's power is derived from carbon-free sources[21](index=21&type=chunk) [Forward Looking Statements](index=4&type=section&id=Forward%20Looking%20Statements) This section cautions that forward-looking statements regarding strategic plans and financial targets are subject to risks like economic conditions and regulatory actions, and are not guarantees of future performance - Forward-looking statements regarding strategic plans, earnings goals, and future operations are not guarantees of future performance and involve risks[23](index=23&type=chunk) - Key risks include economic and weather conditions, regulatory actions, changes in electricity demand, and financial market volatility[24](index=24&type=chunk) - The company advises against placing undue reliance on these statements and directs investors to its SEC filings for a more comprehensive list of risk factors[26](index=26&type=chunk) [Investor and Media Contacts](index=5&type=section&id=Investor%20and%20Media%20Contacts) This section provides essential contact information for investor relations and media inquiries Contact Information | Department | Contact Person | Title | Phone | Email | | :--- | :--- | :--- | :--- | :--- | | **Investor Relations** | Pete Flynn | Sr. Director, Investor Relations & Insurance | 816-652-1060 | Peter.Flynn@evergy.com | | **Media** | Gina Penzig | Director, Corporate Communications | 785-508-2410 | Gina.Penzig@evergy.com |