Financial Performance - 2023 GAAP EPS was $3.17, and adjusted EPS was $3.54[13] - Adjusted O&M in 2023 was $945 million[14] - The company is introducing 2024 EPS guidance with a range of $3.73-$3.93 for both GAAP and adjusted EPS[21] - The company reaffirms a 4-6% adjusted EPS CAGR target from 2023-2026, using a 2023 baseline of $3.65[23] Operational Highlights - The company invested $2.6 billion in electric infrastructure projects in Kansas and Missouri[15] - SAIDI and SAIFI improved by 10% and 9% respectively, relative to 2022[15] - The company issued $1.4 billion of convertible notes in December 2023[15] - The company is ahead of its 2025 adjusted O&M target, with 2023 adjusted O&M at $945 million compared to the 2018 level of $1,306 million, a 28% reduction[19] Capital Investment and Growth - The company updated its capital plan to $12.495 billion for 2024E-2028E, a 7.7% increase from the previous plan of $11.607 billion for 2023E-2027E[38] - The company is targeting approximately 6% annualized rate base growth[39]

Evergy Inc (EVRG) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10%. A quarter ago, it was expected that this electric utility would post earnings of $1.77 per share when it actually produced earnings of $1.88, delivering a surprise of 6.21%.Over the last four quarters, the company ...

NEWS RELEASE Exhibit 99.1 Evergy Announces 2023 Results, Declares Quarterly Dividend and Issues 2024 Guidance KANSAS CITY, MO., February 29, 2024 – Evergy, Inc. (NASDAQ: EVRG) today announced full year 2023 GAAP earnings of $731.3 million, or $3.17 per share, compared to GAAP earnings of $752.7 million, or $3.27 per share, for the full year 2022. Fourth quarter 2023 GAAP earnings were $58.0 million, or $0.25 per share, compared to earnings of $7.5 million, or $0.03 per share, for the fourth quarter of 2022. ...

or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ | Exact name of registrant as specified in its charter, | | | | --- | --- | --- | | Commission | state of incorporation, address of principal | I.R.S. Employer | | File Number | executive offices and telephone number | Identification Number | | 001-38515 | EVERGY, INC. | 82-2733395 | | (a Missouri corporation) | | | | 1200 Main Street | | | | Kansas City, Missouri 641 ...

Evergy (EVRG) is scheduled to release fourth-quarter 2023 earnings on Feb 29 before market close. The company delivered a positive earnings surprise of 6.21% in the last quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors at PlayEVRG’s fourth-quarter revenues are expected to have benefited from ongoing cost-saving initiatives that are likely to have lowered operating and maintenance expenses.Higher depreciation expenses and still-high interest rates ar ...

KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy, Inc. (NASDAQ: EVRG) announced today it will release its 2023 fourth quarter earnings Thursday, February 29, 2024, before market open. The company plans to host its quarterly conference call and audio webcast to discuss the results Thursday, February 29, 2024. Event: Evergy Q4 2023 Conference Call and Webcast     Date: February 29, 2024     Time: 9:00 a.m. Eastern (8:00 a.m. Central)     Location ...

KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy, Inc. (NASDAQ: EVRG) filed a request and supporting documentation with the Missouri Public Service Commission today to recover investments made in generation capacity and grid modernization for customers in its Evergy Missouri West service area. The Evergy Missouri West service area serves more than 340,000 customers and includes St. Joseph, Liberty, Platte City, Harrisonville, and Warrensburg, among other cities. The majority of the Kansas City Metropolitan region ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ | | Exact name of registrant as specified in its charter, | | | --- | --- | --- | | Commission | state of incorporation, address o ...

Second Quarter 2023 Earnings Call August 4, 2023 Forward Looking Statements This list of factors is not all-inclusive because it is not possible to predict all factors. You should also carefully consider the information contained in the Evergy Companies' other filings with the Securities and Exchange Commission (SEC). Additional risks and uncertainties are discussed from time to time in current, quarterly and annual reports filed by the Evergy Companies with the SEC. Each forward-looking statement speaks on ...

Financial Data and Key Metrics Changes - For Q2 2023, Evergy reported adjusted earnings of $186.1 million or $0.81 per share, down from $194.5 million or $0.84 per share in Q2 2022, primarily due to a 13% decrease in cooling degree days which drove an $0.08 decrease in EPS [23][28] - Year-to-date adjusted earnings were $322 million or $1.40 per share compared to $324 million or $1.41 per share for the same period last year, reflecting a similar trend in weather impacts [34] Business Line Data and Key Metrics Changes - Weather-normalized demand growth was 1.1% in Q2 2023, driven by residential and commercial sectors, while year-to-date growth was 1.6% [53][34] - Decreased O&M expenses contributed positively with a $0.29 variance year-over-year, attributed to operational efficiencies and timing of expenditures [24][52] Market Data and Key Metrics Changes - The local labor market remains strong, with unemployment rates in Kansas and Kansas City Metro area at 2.8%, below the national average of 3.6% [54] - The company anticipates resolution on the securitization of extraordinary costs from Winter Storm Uri later this year, which will impact financials [20] Company Strategy and Development Direction - Evergy plans to add over 3,000 megawatts of new wind and solar resources over the next 10 years, influenced by federal subsidies and regional capacity needs [30] - The company aims to cease all coal operations in Lawrence units 4 and 5 and convert Lawrence Unit 5 to natural gas by 2028, reflecting a shift towards sustainability [30] Management's Comments on Operating Environment and Future Outlook - Management reaffirmed the 2023 adjusted EPS guidance range of $3.55 to $3.75 per share, indicating confidence in navigating operational challenges [29][36] - The company is focused on affordability, reliability, and sustainability, with ongoing investments in infrastructure to enhance service and meet evolving customer needs [32][33] Other Important Information - The company is preparing for a transition to time-of-use rates in Missouri, with a focus on effective communication to customers about the changes [14][90] - The integrated resource plan reflects the impacts of renewable support from the Inflation Reduction Act and updated load forecasts, indicating a proactive approach to future energy demands [49][50] Q&A Session Summary Question: Can you provide more details on the CapEx outlook and rate base? - Management confirmed confidence in the CapEx and rate base outlook, with ongoing discussions expected to clarify details in the upcoming months [40][42] Question: What is the feedback from stakeholders regarding the Kansas rate cases? - Management indicated that feedback will be clearer after the intervenor testimony is filed on August 29, and they are optimistic about reaching a constructive settlement [57][58] Question: How does the updated IRP impact load forecasts? - Management acknowledged potential upside factors in load forecasts due to electrification and new loads, suggesting a more favorable outlook than previously anticipated [81][82]