Core Viewpoint - The comparison between Evergy Inc (EVRG) and PSEG (PEG) indicates that EVRG may offer better value for investors based on various financial metrics and rankings [1][3]. Valuation Metrics - Evergy Inc has a Zacks Rank of 2 (Buy), while PSEG has a Zacks Rank of 3 (Hold), suggesting a stronger earnings outlook for EVRG [3]. - EVRG has a forward P/E ratio of 16.20 compared to PEG's forward P/E of 19.70, indicating that EVRG may be undervalued relative to PEG [5]. - The PEG ratio for EVRG is 2.84, while PEG's PEG ratio is 2.90, showing a slight advantage for EVRG in terms of expected EPS growth [5]. - EVRG's P/B ratio is 1.51, significantly lower than PEG's P/B of 2.41, further supporting the argument that EVRG is a more attractive investment [6]. Value Grades - EVRG has a Value grade of B, while PEG has a Value grade of D, highlighting the relative undervaluation of EVRG compared to PEG [6].

Financial Data and Key Metrics Changes - For Q1 2025, adjusted earnings were reported at $0.54 per share, unchanged from Q1 2024, with total earnings of $125 million compared to $124.7 million a year ago [5][25] - Retail demand grew by 2.7%, while weather-normalized demand decreased by 3%, indicating a mixed performance influenced by weather conditions and customer outages [27][28] - The company reaffirmed its 2025 adjusted EPS guidance range of $3.92 to $4.12 per share, with a midpoint of $4.02 per share [7][35] Business Line Data and Key Metrics Changes - The recovery of regulated investments contributed $0.13 to EPS, while higher depreciation and interest expenses due to increased infrastructure investments reduced EPS by $0.10 [26] - The industrial sector experienced a decline in demand primarily due to a large customer outage caused by an unplanned maintenance shutdown [27] Market Data and Key Metrics Changes - The customer pipeline expanded to 12.2 gigawatts, with significant projects in the actively building category, including a data center project in Missouri [12][14] - The company anticipates a ramp-up in demand from large customers like Meta and Panasonic in the second half of the year, contributing to overall growth [28][34] Company Strategy and Development Direction - The long-term outlook remains strong, with a target of 4% to 6% earnings growth through 2029, supported by a robust customer pipeline and favorable regulatory frameworks [7][35] - The Integrated Resource Plan (IRP) reflects an all-of-the-above strategy for new generation development, adding approximately 2.1 gigawatts of new generation from 2025 through 2035 [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the midpoint of the EPS target for 2025, citing strong operational performance and expected demand growth [29][35] - The company is committed to maintaining reliability and affordability while advancing a balanced generation portfolio [23][24] Other Important Information - Recent legislative outcomes in Kansas and Missouri are expected to enhance regulatory frameworks and support infrastructure investments [9][10] - The company is focused on managing operational costs and leveraging various levers to meet financial targets [81][84] Q&A Session Summary Question: Clarification on quarterly performance and expectations - The first quarter came in 5 cents below expectations, with a gross number of $3.97 before mitigating actions [40][41] Question: Timing of large customer contracts - The timing for the 1.3 gigawatts is linked to finalizing large load power service tariff proceedings, expected to conclude by year-end [43][45] Question: Impact of sales growth on equity - Increased sales could significantly reduce equity needs, potentially hundreds of millions of dollars over the five-year period [52][53] Question: Coal plant retirement rationale - The timing for coal plant retirements was extended due to the need for flexibility and the age of the units, with considerations for environmental regulations [76][78] Question: Large load tariff discussions - The company is engaged in constructive dialogue with large customers regarding tariff proceedings, which are crucial for future growth [90][93]

Financial Data and Key Metrics Changes - The company reported first quarter adjusted earnings of $0.54 per share, unchanged from the previous year [5][27] - Retail demand grew by 2.7%, while heating degree days increased by 18%, but margin benefits were limited due to declining block pricing [6][28] - The company reaffirmed its 2025 adjusted EPS guidance range of $3.92 to $4.12 per share, with a midpoint of $4.02 per share [7][37] Business Line Data and Key Metrics Changes - The recovery of regulated investments contributed $0.13 to EPS, while higher depreciation and interest expenses reduced EPS by $0.10 [28] - Total demand grew by 2.7%, but weather-normalized demand decreased by 3% due to a large industrial customer outage [29][30] Market Data and Key Metrics Changes - The company has a robust customer pipeline, with a backlog of growth opportunities expanding to 12.2 gigawatts [13] - The company anticipates significant demand growth from large customers like Meta and Panasonic, contributing approximately 500 megawatts by 2029 [36] Company Strategy and Development Direction - The company aims for long-term earnings growth of 4% to 6% through 2029, supported by strong demand from new customers and regulatory frameworks [7][37] - The integrated resource plan reflects an all-of-the-above strategy for new generation development, adding approximately 2.1 gigawatts of new generation from 2025 through 2035 [17][18] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the midpoint of EPS targets despite a slower start to the year, citing strong operational performance and cost management [31][37] - The company remains committed to investing in infrastructure to support growth while ensuring reliability and affordability for customers [24][25] Other Important Information - Recent legislative outcomes in Kansas and Missouri are expected to enhance regulatory frameworks and support infrastructure investment [10][11] - The company is in advanced discussions with customers representing approximately three gigawatts of load, indicating significant interest in the region [15] Q&A Session Summary Question: Clarification on quarterly performance and expectations - Management clarified that the first quarter came in 5 cents below expectations before mitigating actions, with a base outlook for the full year at $3.97 [41][43] Question: Timing of large load contracts - Management indicated that the timing for the 1.3 gigawatts of load is likely linked to finalizing large load power service tariff proceedings, expected to conclude by year-end [45][47] Question: Impact of sales growth on equity - Management noted that increased load growth could significantly reduce equity needs, potentially saving hundreds of millions of dollars over the five-year period [55] Question: Coal plant retirement rationale - Management discussed the rationale for extending coal plant retirement timelines, emphasizing the age and maintenance needs of older units [75][77] Question: Operational and maintenance levers - Management highlighted the ability to manage operational and maintenance costs to meet guidance, ensuring reliability while maintaining flexibility [79][82] Question: Large load tariff discussions - Management confirmed the importance of constructive outcomes in tariff discussions for attracting large customers and spreading fixed costs [87][91]

Core Viewpoint - Evergy, Inc. reported first-quarter 2025 operating earnings per share (EPS) of 54 cents, missing the Zacks Consensus Estimate of 66 cents by 18.2% [1] - The company's quarterly revenues totaled $1.37 billion, falling short of the Zacks Consensus Estimate of $1.41 billion by 2.8% [2] Financial Performance - Adjusted EPS was influenced by the recovery of regulated investments, but was negatively impacted by lower demand due to an unplanned customer maintenance shutdown, increased interest expenses, and higher depreciation and amortization expenses [1] - Fuel and purchased power costs were $355.3 million, down 5.6% from $376.4 million in the year-ago quarter [3] - Operating and maintenance expenses remained flat at $232 million year over year [3] - Interest expenses increased by 14.5% year over year to $152.5 million [3] Financial Position - Cash and cash equivalents as of March 31, 2025, were $35.3 million, up from $22 million as of December 31, 2024 [4] - Long-term debt increased to $12.4 billion from $11.81 billion as of December 31, 2024 [4] - Cash provided by operating activities in the first three months of 2025 was $449.6 million, compared to $317.3 million in the year-ago quarter [4] Guidance and Outlook - The company reaffirmed its 2025 GAAP EPS and adjusted EPS guidance of $3.92-$4.12, with the Zacks Consensus Estimate at $4.03 [5] - Evergy aims for an annual EPS growth target of 4-6% through 2029 [5] Market Position - Evergy currently holds a Zacks Rank 2 (Buy) [6]

Core Insights - Evergy Inc (EVRG) reported quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.66 per share, representing an earnings surprise of -18.18% [1] - The company posted revenues of $1.37 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 2.77% [2] - Evergy shares have increased by approximately 13.1% since the beginning of the year, contrasting with the S&P 500's decline of -4.3% [3] Earnings Performance - Over the last four quarters, Evergy has surpassed consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is $0.95 on revenues of $1.46 billion, and for the current fiscal year, it is $4.03 on revenues of $5.98 billion [7] Industry Outlook - The Utility - Electric Power industry is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]

Financial Performance - First Quarter 2025 GAAP EPS was $0.54, and adjusted EPS was also $0.54[19] - The company reaffirmed its 2025 adjusted EPS guidance of $3.92 - $4.12[19] - The long-term adjusted EPS target is 4% to 6% off of the 2025E midpoint of $4.02 through 2029E[19] - The company expects to be in the top half of the 4% to 6% range for long-term adjusted EPS growth[19] Economic Development and Demand - The economic development pipeline remains robust, with projects representing more than 11 gigawatts of incremental demand actively considering the service territories[25] - Actively Building projects account for 1.1 gigawatts[25] - Projects in the Finalizing Agreements stage represent approximately 1.3 gigawatts, with a potential 600 MW by 2029, which are not yet included in the 2-3% demand forecast[25] - Total retail sales growth potential is projected at 4-5% CAGR through 2029, including actively building and finalizing agreements[50] Capital Investment and Financing - The company is planning $17.5 billion of infrastructure investment from 2025E-2029E[55] - The financing plan includes $5.8 billion in incremental debt and $2.8 billion in equity & equity-like securities from 2025E-2029E[48] Regulatory and Generation - The 2025 IRP calls for over 2.1 gigawatts of new resources from 2025-2035 relative to the 2024 IRP[28] - The company is requesting a $196 million revenue increase in the Kansas Central Rate Case, representing an 8.62% increase since 2023[76]

[First Quarter 2025 Highlights](index=1&type=section&id=First%20Quarter%202025%20Highlights) Evergy reported increased GAAP and adjusted earnings per share in Q1 2025, driven by regulated investment recovery despite demand and cost pressures [Financial Performance Overview](index=1&type=section&id=Financial%20Performance%20Overview) Evergy's Q1 2025 GAAP earnings increased to $125.0 million ($0.54/share), with adjusted EPS growth driven by regulated investments First Quarter Earnings (GAAP & Adjusted) | Metric | Q1 2025 | Q1 2024 | | :-------------------------------- | :------ | :------ | | GAAP Earnings (millions) | $125.0 | $122.7 | | GAAP EPS ($) | $0.54 | $0.53 | | Adjusted Earnings (non-GAAP) (millions) | $125.0 | $124.7 | | Adjusted EPS (non-GAAP) ($) | $0.54 | $0.54 | - First quarter 2025 adjusted earnings per share were driven by **recovery of regulated investments**, partially offset by lower demand due to an unplanned customer maintenance shutdown and leap year impact, higher interest expense, and higher depreciation and amortization expense[3](index=3&type=chunk) [Key Business Developments & Strategic Initiatives](index=1&type=section&id=Key%20Business%20Developments%20%26%20Strategic%20Initiatives) Evergy advanced key legislative policies in Missouri and Kansas, supporting infrastructure, data centers, and wildfire mitigation - Missouri Senate Bill 4 was signed into law, supporting infrastructure investment, resource adequacy, reliability, and growth[4](index=4&type=chunk) - Kansas Senate Bill 98 enhances the state's competitive positioning to attract large data center customers[4](index=4&type=chunk) - Kansas House Bill 2107 recognizes the need for continued critical infrastructure investment to mitigate wildfire risk[4](index=4&type=chunk) - Progress was made in seeking approval for new generation projects in Kansas, including modern, high-efficiency natural gas plants and a solar farm[4](index=4&type=chunk) [Guidance and Dividend Declaration](index=1&type=section&id=Guidance%20and%20Dividend%20Declaration) Evergy reaffirmed its 2025 EPS guidance and long-term growth target, declaring a quarterly dividend of $0.6675 per share 2025 EPS Guidance | Metric | Range | | :-------------------- | :------------ | | GAAP EPS Guidance ($) | $3.92 – $4.12 | | Adjusted EPS (non-GAAP) Guidance ($) | $3.92 – $4.12 | - Reaffirmed long-term adjusted EPS (non-GAAP) annual growth target of **4% to 6% through 2029**, with expected growth in the upper half of this range beginning in 2026[5](index=5&type=chunk) Quarterly Dividend Declaration | Metric | Value | | :-------------------- | :-------- | | Dividend per share ($) | $0.6675 | | Payable Date | June 20, 2025 | | Record Date | May 23, 2025 | [Non-GAAP Financial Measures Reconciliation](index=2&type=section&id=Non-GAAP%20Financial%20Measures%20Reconciliation) This section clarifies the definition and reconciliation of Evergy's non-GAAP adjusted earnings and EPS to GAAP measures [Definition and Purpose of Adjusted Earnings (non-GAAP)](index=2&type=section&id=Definition%20and%20Purpose%20of%20Adjusted%20Earnings%20(non-GAAP)) Adjusted earnings are used to represent Evergy's recurring performance by excluding non-indicative or volatile items like JEC hedges - Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are used to represent Evergy's recurring earnings and assist in comparability of results[10](index=10&type=chunk) - These measures exclude items like the mark-to-market impacts of economic hedges related to Evergy Kansas Central's 8% ownership share of JEC[11](index=11&type=chunk) - Management believes these exclusions provide a meaningful basis for evaluating operations by removing items not indicative of ongoing performance or that create earnings volatility[11](index=11&type=chunk) [Consolidated Earnings and EPS Reconciliation](index=3&type=section&id=Consolidated%20Earnings%20and%20EPS%20Reconciliation) This section reconciles Evergy's GAAP net income and EPS to adjusted non-GAAP figures for Q1 2025 and 2024 Consolidated Earnings and Diluted Earnings Per Share (Unaudited) | Metric | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :------------------------------------------ | :-------------------------------- | :-------------------------------- | | Net income attributable to Evergy, Inc. (millions) | $125.0 | $122.7 | | Diluted Share ($) | $0.54 | $0.53 | | Mark-to-market impact of JEC economic hedges, pre-tax (millions) | — | $2.6 | | Income tax benefit (millions) | — | ($0.6) | | Adjusted earnings (non-GAAP) (millions) | $125.0 | $124.7 | | Adjusted Diluted Share (non-GAAP) ($) | $0.54 | $0.54 | [GAAP to Non-GAAP Earnings Guidance Reconciliation](index=3&type=section&id=GAAP%20to%20Non-GAAP%20Earnings%20Guidance%20Reconciliation) The company's 2024 and 2025 GAAP and adjusted EPS guidance ranges are identical, with no non-GAAP reconciling items GAAP to Non-GAAP Earnings Guidance | Metric | 2024 Earnings per Diluted Share Guidance | 2025 Earnings per Diluted Share Guidance | | :-------------------------------- | :--------------------------------------- | :--------------------------------------- | | Net income attributable to Evergy, Inc. ($) | $3.73 – $3.93 | $3.92 – $4.12 | | Non-GAAP reconciling items | — | — | | Adjusted earnings (non-GAAP) ($) | $3.73 – $3.93 | $3.92 – $4.12 | [Company Information](index=3&type=section&id=Company%20Information) Evergy, Inc. is an energy company serving 1.7 million customers in Kansas and Missouri, committed to sustainable energy [Company Overview](index=3&type=section&id=Company%20Overview) Evergy, Inc. (NASDAQ: EVRG) serves 1.7 million customers across Kansas and Missouri, providing reliable, affordable, and sustainable energy - Evergy, Inc. serves **1.7 million customers** in Kansas and Missouri[18](index=18&type=chunk) - The mission is to empower a better future by producing, transmitting, and delivering reliable, affordable, and sustainable energy[18](index=18&type=chunk) - Approximately **half of Evergy's power comes from carbon-free sources**[18](index=18&type=chunk) [Forward-Looking Statements & Risk Factors](index=4&type=section&id=Forward-Looking%20Statements%20%26%20Risk%20Factors) This section outlines the inherent risks and uncertainties associated with Evergy's forward-looking statements and future operations [Nature of Forward-Looking Statements](index=4&type=section&id=Nature%20of%20Forward-Looking%20Statements) Statements not based on historical facts are forward-looking, inherently involve risks and uncertainties, and are identified by specific terminology - Statements not based on historical facts are forward-looking and involve risks and uncertainties[21](index=21&type=chunk) - Forward-looking statements cover strategic plans, earnings, dividends, operating expenses, capital investments, legislative and regulatory outcomes, energy demand, and future generation resources[21](index=21&type=chunk) - These statements are identified by words such as 'anticipates,' 'believes,' 'expects,' 'estimates,' 'guidance,' 'will,' or other similar meanings[21](index=21&type=chunk) [Identified Risk Factors](index=4&type=section&id=Identified%20Risk%20Factors) Various risks, including economic, regulatory, operational, and climate factors, could materially impact Evergy's actual results - Risks include economic and weather conditions, significant changes in electricity demand, and impacts on sales, prices, and costs[22](index=22&type=chunk) - Regulatory and legislative actions, including deregulation, re-regulation, and decisions on customer rates and capital expenditures, pose risks[22](index=22&type=chunk) - Challenges in building or acquiring generation and transmission facilities, including labor costs, supply chain issues, and increased financing costs[22](index=22&type=chunk) - Impact of climate change, including increased frequency and severity of significant weather events, and risks relating to potential wildfires[22](index=22&type=chunk) - Financial market conditions, including volatility in interest rates, credit spreads, availability and cost of capital, and impacts on derivatives and hedges[22](index=22&type=chunk) - Impact of physical and cybersecurity breaches, criminal activity, terrorist attacks, and geopolitical conflicts on facilities or IT infrastructure[22](index=22&type=chunk) [Contact Information](index=5&type=section&id=Contact%20Information) Direct contact details for Evergy's Investor Relations and Corporate Communications departments are provided for inquiries [Investor and Media Contacts](index=5&type=section&id=Investor%20and%20Media%20Contacts) This section provides direct contact information for Evergy's Investor Relations and Corporate Communications departments for inquiries Investor Contact | Name | Title | Phone | Email | | :---------- | :-------------------- | :---------- | :-------------------- | | Pete Flynn | Director, Investor Relations | 816-652-1060 | Peter.Flynn@evergy.com | Media Contact | Name | Title | Phone | Email | | :---------- | :-------------------------- | :---------- | :-------------------- | | Gina Penzig | Director, Corporate Communications | 785-508-2410 | Gina.Penzig@evergy.com | | Media Line | | 888-613-0003 | |

Financial Performance - Operating revenues for Q1 2025 increased to $1,374.5 million, up 3.4% from $1,331.0 million in Q1 2024[31]. - Net income attributable to Evergy, Inc. for Q1 2025 was $125.0 million, a 2.0% increase from $122.7 million in Q1 2024[31]. - Basic earnings per share for Q1 2025 was $0.54, compared to $0.53 in Q1 2024, indicating a growth of 1.9%[31]. - Comprehensive income attributable to Evergy, Inc. for Q1 2025 was $126.4 million, compared to $124.0 million in Q1 2024, reflecting a 1.9% increase[31]. - Total operating revenues for Q1 2025 were $709.1 million, an increase of 2.7% from $693.2 million in Q1 2024[45]. - Net income attributable to Evergy Kansas Central, Inc. for Q1 2025 was $107.8 million, slightly down from $108.5 million in Q1 2024[45]. - Total operating revenues for Evergy increased to $1,374.5 million in Q1 2025, up from $1,331.0 million in Q1 2024, representing a growth of 3.2%[1]. - Evergy Kansas Central's total revenue from contracts with customers rose to $707.0 million in Q1 2025, compared to $688.8 million in Q1 2024, marking an increase of 2.5%[1]. - Evergy Metro's total electric retail revenue increased to $369.2 million in Q1 2025, up from $361.6 million in Q1 2024, reflecting a growth of 2.2%[2]. Assets and Liabilities - Total assets increased to $32,454.2 million as of March 31, 2025, compared to $32,282.1 million on December 31, 2024, reflecting a growth of 0.53%[25]. - Current assets totaled $1,834.4 million, slightly down from $1,839.3 million, indicating a decrease of 0.24%[25]. - Total current liabilities decreased to $3,314.4 million in Q1 2025 from $3,662.4 million in Q4 2024, reflecting a reduction of 9.5%[28]. - Long-term debt increased to $12,405.5 million in Q1 2025, up from $11,809.2 million in Q4 2024, representing a rise of 5.0%[28]. - Total liabilities increased to $9,768.9 million as of March 31, 2025, compared to $9,724.2 million as of December 31, 2024[42]. - Total equity as of March 31, 2025, was $9,967.9 million, slightly down from $9,989.2 million as of December 31, 2024[28]. - Total long-term liabilities rose to $8,272.2 million as of March 31, 2025, compared to $7,696.1 million as of December 31, 2024[42]. Cash Flow - Cash flows from operating activities for Q1 2025 were $449.6 million, significantly higher than $317.3 million in Q1 2024, marking an increase of 41.6%[34]. - Cash flows from operating activities increased to $299.8 million in Q1 2025, compared to $231.6 million in Q1 2024[47]. - Cash dividends paid in Q1 2025 amounted to $50.0 million[64]. - Evergy's total cash, cash equivalents, and restricted cash increased to $52.2 million as of March 31, 2025, compared to $29.9 million as of December 31, 2024, reflecting a growth of 74.5%[75]. Regulatory and Compliance - The Missouri S.B. 4 legislation allows electric utilities to recover costs associated with new natural gas-fired generating units, including certain construction costs in the rate base, effective until the end of 2035[88]. - The EPA's proposed rule to disapprove the Ozone Interstate Transport State Implementation Plans (ITSIPs) could have a material impact on Evergy's operations and compliance costs[174]. - The final rule lowering the primary annual PM NAAQS from 12.0 µg/m3 to 9.0 µg/m3 could result in significant compliance costs for Evergy[177]. - The EPA's final GHG regulations and guidelines may impose material compliance costs on Evergy, with ongoing judicial reviews affecting implementation[183]. - Evergy's operations are believed to be in substantial compliance with current federal, state, and local environmental standards, but potential changes in regulations could impact financial results[172]. - The Evergy Companies are unable to accurately assess the impact of environmental contingencies due to evolving laws and regulations, which could result in material costs[173]. - The Kansas ITSIP was previously approved in April 2022, but the EPA's recent proposal to disapprove it could have significant implications for Evergy's operations[175]. Investments and Future Plans - 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 in summer 2029 and summer 2030[91]. - Evergy Kansas Central intends to build a 159 MW solar generation facility called Kansas Sky, expected to begin operations by summer 2027, pending regulatory approvals[94]. - Evergy Kansas Central filed for a retail revenue increase of approximately $196 million, with a return on equity of 10.5%, expected to be effective in September 2025[4]. - Evergy Kansas Central's new transmission delivery charge is projected to increase annual retail revenues by $55.9 million compared to 2024, effective May 2025[4]. - Evergy Kansas Central's planned investments in renewable energy projects are awaiting final orders from the KCC, expected in July 2025[4]. Derivative Instruments and Risk Management - Evergy's commodity risk management activities utilize derivative instruments to mitigate the effects of fluctuations in wholesale sales and fuel costs[137]. - Evergy's total derivative assets decreased from $87.4 million as of December 31, 2024, to $82.3 million as of March 31, 2025, reflecting a decline of approximately 6.0%[146]. - The total derivative liabilities also decreased from $75.7 million to $71.2 million, a reduction of about 6.0%[146]. - The maximum exposure related to derivative assets due to counterparty non-performance was $32.9 million as of March 31, 2025[150]. - The potential loss after considering netting arrangements and collateral received was $20.0 million for Evergy and Evergy Kansas Central combined[150]. Environmental and Legal Matters - Two lawsuits were filed against Evergy Metro in January 2025 regarding alleged damages from the Montrose Station coal ash landfill, but the company believes the claims are without merit[187]. - Evergy's asset retirement obligations (AROs) may require future revisions due to new regulatory evaluations, which could materially impact operations and financial results[186].

Core Viewpoint - The market anticipates Evergy Inc (EVRG) to report a year-over-year increase in earnings driven by higher revenues for the quarter ended March 2025, with a consensus EPS estimate of $0.66, reflecting a +22.2% change, and revenues expected to reach $1.41 billion, up 6.2% from the previous year [1][3]. Earnings Expectations - The upcoming earnings report is scheduled for May 8, and the stock may rise if the actual results exceed expectations, while a miss could lead to a decline [2]. - The consensus EPS estimate has been revised 0.53% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Evergy is higher than the consensus estimate, resulting in an Earnings ESP of +1.52%, suggesting a strong likelihood of beating the consensus EPS estimate [10][11]. - The stock currently holds a Zacks Rank of 2, further supporting the expectation of an earnings beat [11]. Historical Performance - In the last reported quarter, Evergy was expected to post earnings of $0.36 per share but delivered $0.35, resulting in a surprise of -2.78% [12]. - Over the past four quarters, the company has only surpassed consensus EPS estimates once [13]. Industry Context - Centuri Holdings (CTRI), another player in the electric utility sector, is expected to report a loss of $0.16 per share for the same quarter, indicating a year-over-year change of +99.9%, with revenues projected at $530.54 million, up 0.5% [17]. - Despite a 33.3% downward revision in the consensus EPS estimate for Centuri, a higher Most Accurate Estimate has led to an Earnings ESP of 25.00%, suggesting a likely earnings beat [18].

Core Insights - Consistency is emphasized as the most important factor in dividend growth investing [1] Group 1 - The author has been investing since September 2017 and has a long-standing interest in dividend investing since 2009 [1] - The blog "Kody's Dividends" documents the journey towards financial independence through dividend growth investing [1] - The author expresses gratitude for the blog's role in connecting with the Seeking Alpha community as an analyst [1] Group 2 - The author holds a beneficial long position in shares of GOOGL and META through various means [1] - The article reflects the author's personal opinions and is not influenced by compensation from any company mentioned [1]