Earnings and Financial Performance - Q2 2024 GAAP EPS of $0.90, up from $0.78 in Q2 2023[1] - Q2 2024 Adjusted EPS (Non-GAAP) of $0.90, up from $0.81 in Q2 2023[1] - Q2 2024 GAAP earnings of $207.0 million, compared to $179.1 million in Q2 2023[1] - Q2 2024 Adjusted earnings (Non-GAAP) of $207.0 million, compared to $186.1 million in Q2 2023[1] - Year-to-date June 30, 2024 Adjusted earnings (Non-GAAP) of $331.7 million, compared to $322.2 million in 2023[5] - Year-to-date June 30, 2024 Adjusted EPS (Non-GAAP) of $1.44, compared to $1.40 in 2023[5] Guidance and Growth Targets - Reaffirmed 2024 GAAP and Adjusted EPS guidance of $3.73 to $3.93[3] - Long-term Adjusted EPS (Non-GAAP) annual growth target of 4% to 6% through 2026[3] Dividends - Quarterly dividend declared at $0.6425 per share[4] Customer Base - Evergy serves 1.7 million customers in Kansas and Missouri[11] Risks and Challenges - Financial market conditions and performance, including volatility in interest rates and credit spreads, impact the availability and cost of capital[14] - Disruptions in the banking industry affect derivatives, hedges, nuclear decommissioning trust, and pension plan assets and costs[14] - Physical and cybersecurity breaches, criminal activity, and terrorist attacks pose risks to Evergy's facilities and IT infrastructure[14] - Geopolitical conflicts impact the global energy market, including the ability to contract for non-Russian sourced uranium[14] - Workforce risks include attracting and retaining qualified personnel and managing costs of wages, retirement, and health care benefits[14] - Strategic initiatives like mergers, acquisitions, and divestitures may not achieve expected value in a timely manner[14] - Evergy Companies' ability to manage transmission and distribution development plans and joint ventures is a key risk[14] - New factors emerge unpredictably, and Evergy cannot assess their impact on business outcomes[15] Forward-Looking Statements - Evergy undertakes no obligation to update forward-looking statements unless required by law[15] Corporate Communications - Media and investor contacts are provided for corporate communications and investor relations[16]

Evergy (EVRG) is scheduled to release second-quarter 2024 results on Aug 9, before market open. The company delivered a negative earnings surprise of 11.5% in the last reported quarter. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors to Consider In April 2024, Evergy Missouri West purchased a joint ownership interest, representing nearly 145 megawatts in Dogwood Energy Center, an operational natural gas combined cycle facility in Missouri. This is likely ...

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Evergy Inc (EVRG) and Southern Co. (SO) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scor ...

Franklin, MA, July 23, 2024 (GLOBE NEWSWIRE) -- Franklin, MA, July 23, 2024 - Interactions, an innovating force in Conversational AI for customer service, today announced its client, Evergy won gold in Chartwell's 21st annual Best Practices Awards for excellence in Digital Experience. Evergy won the Chartwell Gold Award for Excellence in Digital Experience. The evaluation committee recognized Evergy's innovation to allow start and transfer service in the IVA. This novel concept allowed more than 40,000 star ...

An American investor-owned utility (IOU) with publicly traded stock and the largest electrical provider in Kansas, Evergy has a passion for creating exceptional customer experiences and solutions. For its digital-based customer support, it partners with Interactions LLC to efficiently manage millions of annual support calls. Interactions delivers exceptional omnichannel customer-support solutions by combining the best of AI with customized LLMs and real-time human intelligence. It provides digital CX soluti ...

SanderStock/iStock via Getty Images It seems like every day the technology (XLK) sector dominates the headlines. Given that it makes up approximately 30% of the S&P 500 index's (SP500) weighting, this makes sense. There's no doubt that technology is fueling economic growth. Not surprisingly, it also has generated outsized gains in 2023, year-to-date, and especially in the past month. Before the dip in recent days, XLK outperformed the S&P by almost 11% on a one-month basis per Seeking Alpha. According to Tr ...

The Zacks Consensus Estimate for PCG's 2024 and 2025 earnings reflects a year-over-year growth of 9.8% and 8.6%, respectively. The company reported a positive earnings surprise of 5.71% in the last reported quarter. PNW's long-term earnings growth rate is 8.2%. The Zacks Consensus Estimate for Pinnacle West Capital's 2024 and 2025 EPS implies a year-over-year improvement of 7.9% and 5.3%, respectively. Growth Projections In the past six months, shares of the company rallied 3.9% against the industry's 2.3% ...

Investors looking for stocks in the Utility - Electric Power sector might want to consider either Evergy Inc (EVRG) or Southern Co. (SO) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels. Another notable valuation metric for EVRG is its P/B ratio of 1.25. The P/B ratio ...

Evergy Chief Financial Officer Kirk Andrews will leave to replace Consolidated Edison's current CFO Robert Hoglund, who plans to retire on July 8, the companies announced Monday. Andrews has been CFO of the Midwest utility company since 2021. Evergy said Geoffrey Ley, vice president, corporate planning and treasurer, will be acting CFO as the company conducts an internal and external search to fill the role. Andrews joins Con Edison as it takes on New York State's goal of transitioning to a zero-emission el ...

Evergy Inc is a member of our Utilities group, which includes 106 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. Based on the latest available data, EVRG has gained about 2.3% so far this year. Meanwhile, the Utilities sector has returned an average of 1.8% on a year-to-date basis. As we can see, Ever ...