Evergy (EVRG) Q2 Earnings Lag Estimates, Revenues Rise Y/Y

Evergy, Inc. (EVRG) reported second-quarter 2024 operating earnings per share (EPS) of 90 cents, which lagged the Zacks Consensus Estimate of 99 cents by 9.1%. However, the bottom line increased 11.1% from the year-ago quarter's figure of 81 cents. EPS in the reported quarter benefited from warmer-than-normal weather, growth in weather-normalized demand, new retail rates and higher transmission margin, partially offset by higher operation and maintenance expenses, increased depreciation and amortization exp ...