Evergy(US:EVRG)2025-02-26 22:36Financial Performance - Evergy reported a total revenue of $1.5 billion for the last quarter, reflecting a 5% increase year-over-year[21] - The company achieved an earnings per share (EPS) of $0.85, which is a 10% increase compared to the previous quarter[21] - Evergy reported a year-over-year increase in earnings per share (EPS) of 10%, reaching $3.50 for the fiscal year[21] - The company reaffirmed its guidance for the full year, expecting EPS to be in the range of $3.30 to $3.50[21] Customer Growth - Evergy's customer base grew by 3% over the last year, adding approximately 30,000 new customers[21] - Evergy's customer base grew by 5% over the past year, with a total of 1.6 million customers served[23] Capital Investment and Infrastructure - The company plans to invest $2 billion in capital projects over the next three years to enhance infrastructure and meet future energy demands[21] - The company anticipates a capital investment of approximately $1.2 billion in the upcoming year to enhance infrastructure and meet growing energy demands[22] Renewable Energy Initiatives - Evergy is focusing on renewable energy, with a target of increasing its renewable generation capacity by 25% by 2025[21] - Evergy plans to expand its renewable energy portfolio, targeting an increase of 1,000 MW of wind and solar capacity by 2025[25] - The company has allocated $200 million for research and development of new energy technologies, including energy storage solutions[26] - The company aims to reduce carbon emissions by 30% by 2030, aligning with its sustainability goals[24] Operational Efficiency - Evergy has initiated a new energy efficiency program expected to save customers $50 million annually[21] - Evergy's operating expenses increased by 3% due to higher maintenance costs and inflationary pressures[21] - Evergy's operating and maintenance expenses are projected to increase by 4% in the next fiscal year due to inflationary pressures[27] Strategic Growth - Evergy is exploring potential acquisitions to expand its market presence, particularly in the Midwest region[21] - The company is exploring strategic partnerships for potential acquisitions to enhance its market position[28] Shareholder Returns - Evergy's dividend payout ratio is expected to remain stable at 60% of net income, ensuring consistent returns to shareholders[29] Customer Service Improvement - The company is committed to improving customer service metrics, aiming for a 15% reduction in response times to service requests[30]