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Evergy(EVRG) - 2023 Q2 - Earnings Call Presentation
2023-08-04 19:37
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 ...
Evergy(EVRG) - 2023 Q2 - Earnings Call Transcript
2023-08-04 17:35
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]
Evergy(EVRG) - 2023 Q2 - Quarterly Report
2023-08-03 16:00
or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 June 30, 2023 For the transition period from _______to_______ | Exact name of registrant as specified in its charter, | | | | --- | --- | --- | | Commission | state of incorporation, address of pri ...
Evergy(EVRG) - 2023 Q1 - Earnings Call Transcript
2023-05-05 16:03
Evergy, Inc. (NASDAQ:EVRG) Q1 2023 Results Conference Call May 5, 2023 9:00 AM ET Company Participants Peter Flynn - Director, Investor Relations David Campbell - President, Chief Executive Officer Kirk Andrews - Executive Vice President, Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Michael Sullivan - Wolfe Research Durgesh Chopra - Evercore Dariusz Lozny - Bank of America Paul Patterson - Glenrock Associates Operator Good day and thank you for standing by. Welcome to the ...
Evergy(EVRG) - 2023 Q1 - Quarterly Report
2023-05-04 16:00
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 March 31, 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 of pr ...
Evergy(EVRG) - 2022 Q4 - Earnings Call Transcript
2023-02-24 17:39
Evergy Inc. (NASDAQ:EVRG) Q4 2022 Earnings Conference Call February 24, 2023 9:00 AM ET Company Participants David Campbell - President, Chief Executive Officer Kirk Andrews - Executive Vice President, Chief Financial Officer Peter Flynn - Director, Investor Relations Conference Call Participants Michael Sullivan - Wolfe Research Shahriar Pourreza - Guggenheim Nicholas Campanella - Credit Suisse Durgesh Chopra - Evercore Angie Storozynski - Seaport Paul Patterson - Glenrock Associates Ashar Khan - Verition ...
Evergy(EVRG) - 2022 Q4 - Annual Report
2023-02-23 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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 princip ...
Evergy(EVRG) - 2022 Q3 - Earnings Call Transcript
2022-11-04 16:04
Start Time: 09:00 January 1, 0000 9:24 AM ET Evergy, Inc. (NASDAQ:EVRG) Q3 2022 Earnings Conference Call November 04, 2022, 09:00 AM ET Company Participants David Campbell - President and CEO Kirkland Andrews - EVP and CFO Lori Wright - VP, IR and Treasurer Conference Call Participants Dariusz Lozny - Bank of America Operator Good day and thank you for standing by. Welcome to the Third Quarter 2022 Evergy Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' ...
Evergy(EVRG) - 2022 Q3 - Earnings Call Presentation
2022-11-04 13:37
Third Quarter 2022 Earnings Call November 4, 2022 %evergy Important Information Forward Looking Statements Statements made in this document that are not based on historical facts are forward-looking, may involve risks and uncertainties, and are intended to be as of the date when made. Forward-looking statements include, but are not limited to, statements relating to Evergy's strategic plan, including, without limitation, those related to earnings per share, dividend, operating and maintenance expense and ca ...
Evergy(EVRG) - 2022 Q3 - Quarterly Report
2022-11-03 16:00
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, 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, | --- | --- | --- | |---------------------------------|--------------------- ...