Evergy(EVRG) - 2024 Q2 - Quarterly Results

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]