Core Viewpoint - Evergy, Inc. is focusing on strategic investments and acquisitions to enhance its operations in the transmission market while aiming to increase renewable assets for improved performance [1] Group 1: Investment Plans - Evergy plans to invest approximately $16.2 billion in capital expenditures from 2025 to 2029, aligning with its Integrated Resource Plan [2] - The company aims for net-zero emissions by 2045, with a target to reduce carbon dioxide emissions by 70% by 2030 [2] Group 2: Emission Reduction Strategy - The company intends to lower emissions by decommissioning fossil-fuel-based plants and introducing new efficient clean power generation units [3] - Advanced technology in renewable energy production is expected to reduce operating costs and enhance profit margins [3] Group 3: New Projects - In October 2024, Evergy announced plans to build two combined-cycle natural gas plants in Kansas, each with an initial capacity of nearly 705 megawatts (MW) [4] - The first plant is projected to commence operations by summer 2029, while the second is expected to start by summer 2030 [4] Group 4: Performance Metrics - Over the past six months, Evergy's shares have increased by 15.8%, outperforming the industry growth of 6.8% [6] - Since June 27, 2024, Evergy's price performance has shown a growth of 15.8% compared to the Utility-Electric Power Market's growth of 6.8% [7] Group 5: Industry Comparisons - Other notable stocks in the industry include Vistra (VST) with a Zacks Rank 1 (Strong Buy), and IDACORP (IDA) and DTE Energy (DTE) both with a Zacks Rank 2 (Buy) [8] - VST has a long-term earnings growth rate of 17.4%, with a projected 24.8% year-over-year increase in 2024 EPS [8] - IDA and DTE have long-term earnings growth rates of 8.31% and 8.04%, respectively, with projected year-over-year EPS growth of 5.5% and 18% for 2024 [9]

Group 1: Evergy (EVRG) - Evergy operates electric utilities in Kansas and Missouri, serving approximately 1.7 million customers [2] - The company has a forward dividend yield of 4.15%, which is a significant factor in its investment appeal [2] - Evergy anticipates an average annual growth in adjusted earnings per share of 4% to 6%, with potential for higher growth in the latter half of the decade [3] - Recent developments include contracts to provide power to new data centers for Google and Meta Platforms, as well as Panasonic's EV battery facility, indicating growth opportunities [4] - Evergy is viewed as a stable investment in a potentially volatile market, benefiting from its regulated monopoly status and increasing electricity demand [5] Group 2: U.S. Bancorp (USB) - U.S. Bancorp is the fourth-largest bank in the U.S., with operations in 26 states and over 2,250 branches [6] - The bank has a forward dividend yield of over 3.8%, which is currently lower due to a rise in stock price rather than a dividend cut, as it has increased dividends for 14 consecutive years [7] - The stock is trading at a forward price-to-earnings ratio of 12.4, significantly below the S&P 500 financials sector average of nearly 17.5 [8] - The outlook for U.S. Bancorp is improving, with potential benefits from Federal Reserve interest rate cuts and possible regulatory relaxations in the banking industry [9]

Group 1 - The article highlights the author's long-standing interest in covering regulated utilities, including gas, electric, and water utilities [1] - It mentions that the author has covered more than two dozen regulated utilities over the years, indicating extensive experience in this sector [1] Group 2 - The article promotes a free 2-week trial for readers to access in-depth research on various financial instruments, including REITs, mREITs, and ETFs [2] - It emphasizes the benefits of joining the service, such as access to a Ratings Tracker with buy/sell recommendations [2] Group 3 - The offer includes a free copy of the author's new book, "REITs for Dummies," as an additional incentive for readers [3]

Financial Data and Key Metrics Changes - The company reported third quarter adjusted earnings of $2.02 per share, an increase from $1.88 per share a year ago, driven by demand growth and new retail sales [7][49] - Year-to-date adjusted earnings are $3.46 per share compared to $3.27 per share a year ago, reaffirming the 2024 adjusted EPS guidance range of $3.73 to $3.93 per share [8][63] - A 4% increase in quarterly dividend to $2.67 per share on an annualized basis was announced, aligning with the updated growth outlook [12] Business Line Data and Key Metrics Changes - Weather-normalized demand grew by 0.8%, with contributions from all three customer classes, and new retail rates in Kansas added $0.10 to EPS for the quarter [51][53] - The company anticipates a regular cadence of rate case filings approximately every 18 months, which will support consistent growth [28][88] Market Data and Key Metrics Changes - The overall economic development pipeline remains robust, with projects representing more than 6 gigawatts of demand actively considering the service territory [39] - The company is in advanced stages of negotiation with two new data centers, representing between 500 and 1,000 megawatts of incremental load [40] Company Strategy and Development Direction - The company aims for a long-term growth target of 4% to 6% through 2029, based on a capital investment plan totaling approximately $16.2 billion from 2025 to 2029 [11][21] - Investments include $2.4 billion in incremental generation and $1.3 billion in distribution to support growth and improve reliability [22][108] - The strategic plan focuses on affordability, reliability, and sustainability, with a balanced mix of resource additions [44][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth outlook, driven by new large customer loads and a supportive regulatory environment [67][93] - The company expects to manage regulatory lag effectively through provisions like PISA in both Kansas and Missouri [88][90] Other Important Information - The company announced plans to invest in two new combined cycle natural gas plants and three solar farms totaling 325 megawatts, with commercial operations expected to start in 2027 [15][18] - The updated capital expenditure forecast represents a $3.7 billion increase relative to the prior five-year forecast [21] Q&A Session Summary Question: Earnings sensitivity regarding large loads - Management indicated that the current plan includes only three announced customers, and additional customers could provide upside potential [66][68] Question: Capital structure workshop impact - The capital structure workshop is seen as an opportunity for dialogue about attracting capital and will influence future rate cases [70][72] Question: Long-term growth rate cadence - Management clarified that while they aim for consistent execution in the top half of the growth range, year-over-year dynamics may vary [84][86] Question: Regulatory lag management - Management noted that provisions like PISA will help mitigate regulatory lag, and they plan to file rate cases regularly [88][90] Question: Cost estimates for gas plants - Management acknowledged that costs have risen since prior estimates, but they remain justified for meeting growth needs [104] Question: Incremental CapEx breakdown - Of the incremental CapEx, approximately $2.4 billion is for generation and $1.3 billion for distribution projects [108]

Evergy, Inc. (EVRG) reported third-quarter 2024 operating earnings per share (EPS) of $2.02, which surpassed the Zacks Consensus Estimate of $1.95 by 3.6%. The bottom line also increased 7.4% from the year-ago quarter’s figure of $1.88.EPS in the reported quarter benefited from new retail rates, FERC-regulated investments and growth in weather-normalized demand, partially offset by cooler summer weather, and higher depreciation and amortization expenses.Stay up-to-date with all quarterly releases: See Zacks ...

Evergy Inc (EVRG) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $1.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.59%. A quarter ago, it was expected that this electric utility would post earnings of $0.99 per share when it actually produced earnings of $0.90, delivering a surprise of -9.09%.Over the last four quarters, the compa ...

Exhibit 99.1 NEWS RELEASE Evergy Announces Third Quarter 2024 Results, Increases Quarterly Dividend, Reaffirms 2024 Guidance, Establishes 2025 Guidance • Third Quarter 2024 GAAP EPS of $2.02, compared to $1.53 in 2023 • Third Quarter 2024 Adjusted EPS (Non-GAAP) of $2.02, compared to $1.88 in 2023 • Increases quarterly dividend 4% to $0.6675 per share • Introduces 2025E-2029E capital investment plan of $16.2 billion • Reaf irms 2024 GAAP and Adjusted (Non-GAAP) EPS guidance of $3.73 to $3.93 • Establishes 2 ...

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, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ | --- | --- | --- | |---------------------------------|--------------------------------------------------------------------------- ...

Evergy (EVRG) is scheduled to release third-quarter 2024 results on Nov. 7, before market open. The company delivered a negative earnings surprise of 9.1% in the last reported quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Key Factors That Might Have Impacted EVRG's Q3 EarningsEvergy’s quarterly earnings are expected to have benefited from ongoing investments targeted toward grid mod ...

"Fundamental Options" would be the title of my investing style, because I combine fundamental analysis with the power of options. I use Fundamental Analysis to quantitatively and qualitatively assess individual stocks and ETFs, and I pursue various strategies: Income oriented, especially BDCs, but also Utilities; Growth At A Reasonable Price, especially Tech, having a background in Software Development; Deep Value, based on Discounted Cash Flow and / or other industry specific valuation methods; Dividend Ar ...