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Evergy Schedules Conference Call to Discuss 4th Quarter Results
Businesswire· 2024-02-08 16:00
KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy, Inc. (NASDAQ: EVRG) announced today it will release its 2023 fourth quarter earnings Thursday, February 29, 2024, before market open. The company plans to host its quarterly conference call and audio webcast to discuss the results Thursday, February 29, 2024. Event: Evergy Q4 2023 Conference Call and Webcast     Date: February 29, 2024     Time: 9:00 a.m. Eastern (8:00 a.m. Central)     Location ...
Evergy Requests to Recover Costs Related to Generation Capacity, Grid Modernization for Evergy Missouri West Customers
Businesswire· 2024-02-02 22:50
KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy, Inc. (NASDAQ: EVRG) filed a request and supporting documentation with the Missouri Public Service Commission today to recover investments made in generation capacity and grid modernization for customers in its Evergy Missouri West service area. The Evergy Missouri West service area serves more than 340,000 customers and includes St. Joseph, Liberty, Platte City, Harrisonville, and Warrensburg, among other cities. The majority of the Kansas City Metropolitan region ...
Evergy(EVRG) - 2023 Q3 - Quarterly Report
2023-11-06 16:00
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, 2023 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 o ...
Evergy(EVRG) - 2023 Q2 - Earnings Call Presentation
2023-08-04 19:37
Second Quarter 2023 Earnings Call August 4, 2023 Forward Looking Statements This list of factors is not all-inclusive because it is not possible to predict all factors. You should also carefully consider the information contained in the Evergy Companies' other filings with the Securities and Exchange Commission (SEC). Additional risks and uncertainties are discussed from time to time in current, quarterly and annual reports filed by the Evergy Companies with the SEC. Each forward-looking statement speaks on ...
Evergy(EVRG) - 2023 Q2 - Earnings Call Transcript
2023-08-04 17:35
Financial Data and Key Metrics Changes - For Q2 2023, Evergy reported adjusted earnings of $186.1 million or $0.81 per share, down from $194.5 million or $0.84 per share in Q2 2022, primarily due to a 13% decrease in cooling degree days which drove an $0.08 decrease in EPS [23][28] - Year-to-date adjusted earnings were $322 million or $1.40 per share compared to $324 million or $1.41 per share for the same period last year, reflecting a similar trend in weather impacts [34] Business Line Data and Key Metrics Changes - Weather-normalized demand growth was 1.1% in Q2 2023, driven by residential and commercial sectors, while year-to-date growth was 1.6% [53][34] - Decreased O&M expenses contributed positively with a $0.29 variance year-over-year, attributed to operational efficiencies and timing of expenditures [24][52] Market Data and Key Metrics Changes - The local labor market remains strong, with unemployment rates in Kansas and Kansas City Metro area at 2.8%, below the national average of 3.6% [54] - The company anticipates resolution on the securitization of extraordinary costs from Winter Storm Uri later this year, which will impact financials [20] Company Strategy and Development Direction - Evergy plans to add over 3,000 megawatts of new wind and solar resources over the next 10 years, influenced by federal subsidies and regional capacity needs [30] - The company aims to cease all coal operations in Lawrence units 4 and 5 and convert Lawrence Unit 5 to natural gas by 2028, reflecting a shift towards sustainability [30] Management's Comments on Operating Environment and Future Outlook - Management reaffirmed the 2023 adjusted EPS guidance range of $3.55 to $3.75 per share, indicating confidence in navigating operational challenges [29][36] - The company is focused on affordability, reliability, and sustainability, with ongoing investments in infrastructure to enhance service and meet evolving customer needs [32][33] Other Important Information - The company is preparing for a transition to time-of-use rates in Missouri, with a focus on effective communication to customers about the changes [14][90] - The integrated resource plan reflects the impacts of renewable support from the Inflation Reduction Act and updated load forecasts, indicating a proactive approach to future energy demands [49][50] Q&A Session Summary Question: Can you provide more details on the CapEx outlook and rate base? - Management confirmed confidence in the CapEx and rate base outlook, with ongoing discussions expected to clarify details in the upcoming months [40][42] Question: What is the feedback from stakeholders regarding the Kansas rate cases? - Management indicated that feedback will be clearer after the intervenor testimony is filed on August 29, and they are optimistic about reaching a constructive settlement [57][58] Question: How does the updated IRP impact load forecasts? - Management acknowledged potential upside factors in load forecasts due to electrification and new loads, suggesting a more favorable outlook than previously anticipated [81][82]
Evergy(EVRG) - 2023 Q2 - Quarterly Report
2023-08-03 16:00
or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 June 30, 2023 For the transition period from _______to_______ | Exact name of registrant as specified in its charter, | | | | --- | --- | --- | | Commission | state of incorporation, address of pri ...
Evergy(EVRG) - 2023 Q1 - Earnings Call Transcript
2023-05-05 16:03
Evergy, Inc. (NASDAQ:EVRG) Q1 2023 Results Conference Call May 5, 2023 9:00 AM ET Company Participants Peter Flynn - Director, Investor Relations David Campbell - President, Chief Executive Officer Kirk Andrews - Executive Vice President, Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Michael Sullivan - Wolfe Research Durgesh Chopra - Evercore Dariusz Lozny - Bank of America Paul Patterson - Glenrock Associates Operator Good day and thank you for standing by. Welcome to the ...
Evergy(EVRG) - 2023 Q1 - Quarterly Report
2023-05-04 16:00
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, 2023 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) - 2022 Q4 - Earnings Call Transcript
2023-02-24 17:39
Evergy Inc. (NASDAQ:EVRG) Q4 2022 Earnings Conference Call February 24, 2023 9:00 AM ET Company Participants David Campbell - President, Chief Executive Officer Kirk Andrews - Executive Vice President, Chief Financial Officer Peter Flynn - Director, Investor Relations Conference Call Participants Michael Sullivan - Wolfe Research Shahriar Pourreza - Guggenheim Nicholas Campanella - Credit Suisse Durgesh Chopra - Evercore Angie Storozynski - Seaport Paul Patterson - Glenrock Associates Ashar Khan - Verition ...
Evergy(EVRG) - 2022 Q4 - Annual Report
2023-02-23 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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 princip ...