Core Viewpoint - Utility Evergy missed Wall Street's adjusted profit estimates for the third quarter and reduced the upper end of its 2025 adjusted earnings forecast due to the impact of milder summer weather [1] Financial Performance - Evergy's third-quarter adjusted profit fell short of Wall Street expectations [1] - The company has trimmed the upper end of its 2025 adjusted earnings forecast [1] Market Impact - The milder summer weather has negatively affected the company's earnings [1]

NEWS RELEASE Exhibit 99.1 Earnings Guidance The Company narrows its 2025 adjusted EPS (non-GAAP) guidance range of $3.92 to $4.02 from its original 2025 adjusted EPS (non-GAAP) guidance range of $3.92 to $4.12. Additionally, the Company reaffirms its long-term adjusted EPS (non-GAAP) annual growth target of 4% to 6% through 2029 based on the 2025 adjusted EPS (non-GAAP) guidance midpoint of $4.02. The Company expects adjusted EPS growth in the upper half of the 4% to 6% range beginning in 2026. Adjusted EPS ...

Financial Performance - Operating revenues for Q3 2025 were $1,809.9 million, slightly down from $1,811.4 million in Q3 2024, while year-to-date revenues increased to $4,621.4 million from $4,589.9 million[32]. - Net income attributable to Evergy, Inc. for Q3 2025 was $475.0 million, compared to $465.6 million in Q3 2024, with year-to-date net income decreasing to $771.3 million from $795.3 million[32]. - Basic earnings per common share for Q3 2025 were $2.06, compared to $2.02 in Q3 2024, while diluted earnings per share remained stable at $2.03[32]. - Total operating expenses decreased to $1,151.4 million in Q3 2025 from $1,183.9 million in Q3 2024, contributing to improved income from operations[32]. - Net income for the third quarter of 2025 was $478.0 million, compared to $125.0 million in the same quarter of 2024, representing a year-over-year increase of approximately 282.4%[39]. - Year-to-date net income for 2025 was $453.3 million, compared to $481.3 million for the same period in 2024, indicating a decline of 5.8%[51]. - Evergy's total operating revenues for the year to date September 30, 2025, were $4,621.4 million, a slight increase from $4,589.9 million in 2024[105]. Assets and Liabilities - Total assets increased to $33,440.4 million as of September 30, 2025, compared to $32,282.1 million on December 31, 2024, reflecting a growth of approximately 3.6%[26]. - Current assets rose to $1,924.7 million, up from $1,839.3 million, indicating an increase of about 4.6%[26]. - Total current liabilities increased to $3,733.0 million as of September 30, 2025, from $3,662.4 million at the end of 2024, driven by increases in accounts payable and accrued taxes[29]. - Long-term debt rose to $12,446.3 million as of September 30, 2025, compared to $11,809.2 million at the end of 2024, reflecting ongoing financing needs[29]. - The company reported total equity of $10,332.5 million as of September 30, 2025, an increase from $9,989.2 million at the end of 2024, primarily due to retained earnings growth[29]. - Evergy's total assets as of September 30, 2025, were valued at $520.4 million, with $425.0 million classified under Level 2[182]. - The book value of Evergy's long-term debt as of September 30, 2025, was $13,062.9 million, with a fair value of $12,739.2 million[180]. Cash Flow and Investments - Cash flows from operating activities for the year-to-date period were $1,711.2 million, up from $1,588.1 million in the same period of 2024[34]. - The company experienced a net change in cash of $13.7 million, with cash and cash equivalents totaling $43.6 million at the end of the period[34]. - Evergy's cash and cash equivalents rose to $6.7 million as of September 30, 2025, compared to $3.7 million at the end of 2024, showing a significant increase of approximately 81.1%[41]. - Cash flows from operating activities increased to $866.3 million year-to-date in 2025, up from $801.6 million in 2024[51]. - Evergy's investments in early-stage clean energy companies were valued at $95.7 million as of September 30, 2025, down from $121.4 million on December 31, 2024[83]. Regulatory and Compliance - Evergy Kansas Central filed for a retail revenue increase of approximately $196 million, reflecting a return on equity of 10.5%[116]. - A unanimous settlement agreement resulted in an increase to retail revenues of $128 million for Evergy Kansas Central, effective October 2025[117]. - The KCC approved a $54.8 million increase in annual retail revenues for Evergy Kansas Central due to updated transmission costs effective May 2025[124]. - The EPA plans to end the Good Neighbor Rule for the 2015 Ozone NAAQS, which could materially impact Evergy Companies' operations and compliance costs[197]. - The EPA finalized the primary annual PM NAAQS, lowering it from 12.0 µg/m3 to 9.0 µg/m3, effective May 2024, potentially leading to significant compliance costs for Evergy Companies[198]. Dividends and Shareholder Returns - The company declared dividends on common stock of $0.6675 per share, totaling $153.6 million for the third quarter of 2025, consistent with the previous quarter[39]. - Evergy Kansas Central and Evergy Metro declared cash dividends of up to $50.0 million and $125.0 million, respectively, payable on or before December 18, 2025[96]. Debt and Financing - In March 2025, Evergy Kansas Central issued $300.0 million of 5.25% First Mortgage Bonds, maturing in 2035, to pay down commercial paper[149]. - In August 2025, Evergy Metro issued $400.0 million of 5.125% Mortgage Bonds, maturing in 2035, for general corporate purposes[149]. - Evergy's $2.5 billion master credit facility expires in 2028, with specific sublimits for each borrower[145]. - As of September 30, 2025, Evergy had drawn $1,230.7 million from its master credit facility, with a weighted average interest rate of 4.28%[148]. Operational Highlights - Evergy plans to construct two combined-cycle natural gas plants in Kansas, each with an initial generating capacity of approximately 705 MW, expected to begin operations by summer 2029 and summer 2030[100]. - Evergy Kansas Central intends to construct a 159 MW solar generation facility called Kansas Sky, expected to begin operations by summer 2027, pending regulatory approvals[102]. Risk Management - Evergy's risk management strategies include the use of derivative instruments to mitigate commodity price and interest rate risks[153][154]. - The aggregate fair value of derivative instruments with credit-risk-related contingent features in a liability position was $36.5 million, requiring an additional $32.6 million of collateral if triggered[172].

Core Viewpoint - Evergy, Inc. (EVRG) is expected to report its third-quarter 2025 results on November 6, with a prior earnings surprise of 7.89% in the last quarter [1] Factors Impacting Q3 Earnings - Ongoing investments in infrastructure and technology are likely to support Evergy's third-quarter earnings, addressing increasing customer demand [2] - Economic development within service areas is anticipated to lead to stronger demand, particularly from data centers [2] - The rise in demand from residential, commercial, and industrial customers is expected to positively influence earnings, although higher operating and maintenance expenses may negatively impact the bottom line [3] Q3 Expectations - The Zacks Consensus Estimate for earnings is projected at $2.14 per share, reflecting a year-over-year increase of 5.9% [4] - Revenue estimates stand at $1.87 billion, indicating a 3.4% increase from the previous year [4] Earnings Prediction Model - The current Earnings ESP for Evergy is 0.00%, indicating that the model does not predict an earnings beat this time [5] - Evergy holds a Zacks Rank of 2 (Buy), which typically suggests a favorable outlook [6] Comparable Stocks - Atmos Energy Corporation (ATO) is expected to report its fourth-quarter fiscal 2025 results on November 5, with an Earnings ESP of +4.85% and a Zacks Rank of 2 [7] - Duke Energy (DUK) is scheduled to report its third-quarter 2025 results on November 7, with an Earnings ESP of +1.63% and a Zacks Rank of 2 [10] - New Jersey Resources Corporation (NJR) is set to report its fourth-quarter fiscal 2025 results on November 19, with an Earnings ESP of +8.51% and a Zacks Rank of 3 [11]

Core Insights - Evergy, Inc. (NASDAQ:EVRG) is recognized as one of the 12 best utility stocks to buy for dividends [1][2] - The company serves approximately 1.8 million residential and commercial customers in Kansas and Missouri [2] - Barclays raised Evergy's stock price target from $73 to $80, maintaining an 'Outperform' rating, anticipating a quieter third-quarter report but a refreshed business plan in the fourth quarter [3] Financial Performance - Evergy's share price has increased by over 27% since the beginning of 2025, reaching an all-time high [5] Strategic Developments - Evergy is exploring opportunities in the nuclear energy sector, having signed a Memorandum of Understanding (MoU) to investigate sites for a nuclear power project and energy storage system using TerraPower's Natrium technology [4]

Core Insights - Evergy Inc. (NASDAQ:EVRG) is considered a top pick for retirement portfolios, with UBS maintaining a Buy rating and a price target of $81 [1] - Analyst William Appicelli anticipates that Evergy could increase its growth rate from 4-6% to 6-8% in its fourth quarter update [1] Financial Projections - UBS has raised its capital expenditure projections and earnings per share estimates due to expected generation capacity to manage an additional 2GW load from data centers [2] - Evergy is finalizing deals for two major data center projects, which may lead to a capital expenditure of approximately $5 billion [2] Company Overview - Evergy, formed in 2018 from the merger of Great Plains Energy and Westar Energy, has a generating capacity of 16,000 megawatts across over 40 power plants, serving 1.7 million customers in Kansas and Missouri [3]

Core Insights - The article discusses the strategy of selecting high-yield dividend stocks from the Global X SuperDividend US ETF (DIV), emphasizing the importance of both yield and price stability in the current market environment [1][2][4]. Group 1: Investment Strategy - The focus is on identifying three stocks from the DIV ETF that not only offer attractive dividend yields but also exhibit favorable price patterns, minimizing the risk of capital loss [1][8]. - The article highlights the necessity of analyzing stocks for their potential to provide price gains alongside high dividend payments, particularly in a volatile market [8][16]. Group 2: Market Context - Dividend stock investing has been experiencing a downturn, with less emphasis on high, consistent dividend payouts compared to previous years [6][16]. - The current market conditions require a higher standard for what constitutes a good yield-focused total return investment, as many traditional high-yield stocks have suffered significant price declines [3][16]. Group 3: Stock Analysis - The three highlighted stocks include Verizon (VZ), Clearway Energy Class C (CWEN), and Evergy (EVRG), each with varying yields and historical volatility [10][11][12]. - VZ offers a yield of 6.3%, while CWEN is approaching a recent high with a yield above 6%, and EVRG, despite a lower yield of 3.5%, has shown promising price movement [13][14][15].

Core Insights - Evergy, Inc. (EVRG) is focusing on expanding its operations in the transmission market and aims to achieve carbon neutrality by 2045 through planned investments and its Integrated Resource Plan [1][4]. Group 1: Investment Plans and Infrastructure - Evergy plans to invest $2.34 billion in infrastructure in 2024 to modernize the grid and replace aging equipment, with a target of nearly $17.5 billion in capital investments from 2025 to 2029, including approximately $6.17 billion for renewable generation [3][8]. - The company is actively developing renewable projects with a total capacity of 800 megawatts (MW), with 500 MW included in its 2-3% demand forecast through 2029 [4]. Group 2: Environmental Goals - Evergy's Integrated Resource Plan aims for net-zero emissions by 2045, with an interim goal of a 70% reduction in carbon dioxide emissions by 2030 [4][8]. Group 3: Revenue Generation - Evergy's transmission and distribution operations are advantageous for revenue generation, allowing efficient electricity delivery from power plants to consumers [2][8]. Group 4: Challenges and Risks - The company faces potential delays in capital projects due to permit issues, equipment availability, or increased costs, which could negatively impact profitability [5]. - Seasonal electricity sales and changing weather conditions can significantly affect overall performance, with mild winters and summers potentially reducing electricity demand [5].

Core Insights - TerraPower, Evergy, and the Kansas Department of Commerce have signed a memorandum of understanding (MOU) to explore the potential siting of TerraPower's Natrium® reactor and energy storage system in Kansas [1] Group 1 - The collaboration aims to evaluate site-specific characteristics for the potential advanced nuclear power project [1]

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]