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 March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ | | Exact name of registrant as specified in its charter, | | | --- | --- | --- | | Commission | state of incorporation, address of pr ...

Evergy (EVRG) is scheduled to release first-quarter 2024 results on May 9, before market open. The company delivered a negative earnings surprise of 10% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderThe company’s earnings are expected to have benefited from ongoing investments that are targeted toward grid modernization. It is also likely to have gained from energy efficiency programs and cost-saving initiatives.Ev ...

Justin PagetEvergy, Inc. (NASDAQ:EVRG) is a regulated utility that supplies electricity to over 1.6 million customers in Kansas and Missouri. Shares of Evergy have not done well since early 2020 given the beginning of the pandemic in 2020 and interest rate headwinds since 2022. Data by YCharts On February 29, 2024, Evergy reported 2023 results that reflected headwinds. Nevertheless, Evergy management is optimistic about EPS growth, rate base growth, and load growth in the future. In terms of the future, ...

KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy, Inc. (NASDAQ: EVRG) announced today that Mark Ruelle will not stand for reelection at Evergy’s annual meeting on May 7, 2024 as he retires from Evergy’s board of directors and his role as chairman at the end of his term. David Campbell, Evergy’s president and chief executive officer, has been nominated by the board of directors to assume the role of chairman of the board following Evergy’s annual meeting. Ruelle has served as non-executive chairman of the board si ...

Evergy, Inc. (EVRG) reported fourth-quarter 2023 operating earnings per share (EPS) of 27 cents, which lagged the Zacks Consensus Estimate of 30 cents by 10%. Earnings decreased 10% year over year.In 2023, EPS was $3.54 compared with $3.71 in the year-ago period. The year-over-year decline in EPS was due to higher interest expense, unfavorable weather, offset marginally by lower operations and maintenance expense, and higher corporate-owned life insurance proceeds.Total RevenuesIn 2023, revenues were down n ...

Financial Performance - 2023 GAAP EPS was $3.17, and adjusted EPS was $3.54[13] - Adjusted O&M in 2023 was $945 million[14] - The company is introducing 2024 EPS guidance with a range of $3.73-$3.93 for both GAAP and adjusted EPS[21] - The company reaffirms a 4-6% adjusted EPS CAGR target from 2023-2026, using a 2023 baseline of $3.65[23] Operational Highlights - The company invested $2.6 billion in electric infrastructure projects in Kansas and Missouri[15] - SAIDI and SAIFI improved by 10% and 9% respectively, relative to 2022[15] - The company issued $1.4 billion of convertible notes in December 2023[15] - The company is ahead of its 2025 adjusted O&M target, with 2023 adjusted O&M at $945 million compared to the 2018 level of $1,306 million, a 28% reduction[19] Capital Investment and Growth - The company updated its capital plan to $12.495 billion for 2024E-2028E, a 7.7% increase from the previous plan of $11.607 billion for 2023E-2027E[38] - The company is targeting approximately 6% annualized rate base growth[39]

Evergy Inc (EVRG) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10%. A quarter ago, it was expected that this electric utility would post earnings of $1.77 per share when it actually produced earnings of $1.88, delivering a surprise of 6.21%.Over the last four quarters, the company ...

NEWS RELEASE Exhibit 99.1 Evergy Announces 2023 Results, Declares Quarterly Dividend and Issues 2024 Guidance KANSAS CITY, MO., February 29, 2024 – Evergy, Inc. (NASDAQ: EVRG) today announced full year 2023 GAAP earnings of $731.3 million, or $3.17 per share, compared to GAAP earnings of $752.7 million, or $3.27 per share, for the full year 2022. Fourth quarter 2023 GAAP earnings were $58.0 million, or $0.25 per share, compared to earnings of $7.5 million, or $0.03 per share, for the fourth quarter of 2022. ...

or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ | Exact name of registrant as specified in its charter, | | | | --- | --- | --- | | Commission | state of incorporation, address of principal | I.R.S. Employer | | File Number | executive offices and telephone number | Identification Number | | 001-38515 | EVERGY, INC. | 82-2733395 | | (a Missouri corporation) | | | | 1200 Main Street | | | | Kansas City, Missouri 641 ...

Evergy (EVRG) is scheduled to release fourth-quarter 2023 earnings on Feb 29 before market close. The company delivered a positive earnings surprise of 6.21% in the last quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors at PlayEVRG’s fourth-quarter revenues are expected to have benefited from ongoing cost-saving initiatives that are likely to have lowered operating and maintenance expenses.Higher depreciation expenses and still-high interest rates ar ...