Financial Performance - Evergy reported a total revenue of $1.5 billion for the last quarter, reflecting a 5% increase year-over-year[21] - The company achieved an earnings per share (EPS) of $0.85, which is a 10% increase compared to the previous quarter[21] - Evergy reported a year-over-year increase in earnings per share (EPS) of 10%, reaching $3.50 for the fiscal year[21] - The company reaffirmed its guidance for the full year, expecting EPS to be in the range of $3.30 to $3.50[21] Customer Growth - Evergy's customer base grew by 3% over the last year, adding approximately 30,000 new customers[21] - Evergy's customer base grew by 5% over the past year, with a total of 1.6 million customers served[23] Capital Investment and Infrastructure - The company plans to invest $2 billion in capital projects over the next three years to enhance infrastructure and meet future energy demands[21] - The company anticipates a capital investment of approximately $1.2 billion in the upcoming year to enhance infrastructure and meet growing energy demands[22] Renewable Energy Initiatives - Evergy is focusing on renewable energy, with a target of increasing its renewable generation capacity by 25% by 2025[21] - Evergy plans to expand its renewable energy portfolio, targeting an increase of 1,000 MW of wind and solar capacity by 2025[25] - The company has allocated $200 million for research and development of new energy technologies, including energy storage solutions[26] - The company aims to reduce carbon emissions by 30% by 2030, aligning with its sustainability goals[24] Operational Efficiency - Evergy has initiated a new energy efficiency program expected to save customers $50 million annually[21] - Evergy's operating expenses increased by 3% due to higher maintenance costs and inflationary pressures[21] - Evergy's operating and maintenance expenses are projected to increase by 4% in the next fiscal year due to inflationary pressures[27] Strategic Growth - Evergy is exploring potential acquisitions to expand its market presence, particularly in the Midwest region[21] - The company is exploring strategic partnerships for potential acquisitions to enhance its market position[28] Shareholder Returns - Evergy's dividend payout ratio is expected to remain stable at 60% of net income, ensuring consistent returns to shareholders[29] Customer Service Improvement - The company is committed to improving customer service metrics, aiming for a 15% reduction in response times to service requests[30]

Core Viewpoint - Evergy (EVRG) is set to release its fourth-quarter 2024 results on February 27, with expectations of a year-over-year earnings increase of 37% and a slight revenue growth of 0.5% [1][5]. Group 1: Earnings Expectations - The Zacks Consensus Estimate for Evergy's earnings is 37 cents per share, reflecting a 37% increase compared to the previous year [5]. - Revenue expectations are set at $1.19 billion, indicating a 0.5% increase from the same quarter last year [5]. Group 2: Factors Influencing Earnings - Ongoing investments in grid modernization are expected to positively impact earnings, along with energy efficiency programs and cost-saving initiatives [3]. - Economic development in service territories is projected to contribute to growth in demand, further benefiting the bottom line [3]. Group 3: Potential Challenges - Higher depreciation and interest expenses are anticipated to negatively affect the earnings for the upcoming quarter [4]. - The company's Earnings ESP is -1.82%, indicating a lower likelihood of an earnings beat this time [6]. Group 4: Zacks Rank - Evergy currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [7].

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]

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 ...

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 ...