Evergy(US:EVRG)2025-08-07 13:00Financial Performance - Second Quarter 2025 GAAP Earnings Per Share (EPS) was $0.74, while adjusted EPS was $0.82[19] - Second Quarter 2024 adjusted EPS was $0.90[17] - Year-to-date 2025 adjusted EPS was $1.37, compared to $1.44 in 2024[17] - The company reaffirmed its 2025 adjusted EPS guidance of $3.92 - $4.12 and a long-term adjusted EPS target of 4% to 6% off the 2025E midpoint of $4.02 through 2029E[19] Regulatory and Economic Development - A unanimous settlement agreement was filed for the Evergy Kansas Central Rate Review, projecting a $128 million net revenue increase[23] - The settlement utilizes a 9.7% Return on Equity (ROE) for transmission delivery charge filings and an 8.45% pre-tax rate of return for plant-in-service accounting (PISA) for future investments[23] - The economic development pipeline remains robust, representing over 15 gigawatts of incremental demand actively considering the service territories[27] - The company anticipates serving up to 4-6 GWs of new large load customers, with approximately 500 MW of peak demand expected by 2029 from actively building customers and a potential 600 MW from finalizing agreements[27, 28] Generation and Investment - The company is advancing an "all-of-the-above" generation strategy, including natural gas and solar projects, with a total capacity of 2,184 MW[36] - The company plans $17.5 billion in infrastructure investment from 2025E-2029E, implying an annualized rate base growth of approximately 8.5% from 2024E-2029E[56] Retail Sales Trends - Weather-normalized retail demand grew by 1.4% in the second quarter of 2025, with residential and commercial sectors growing by 1.3% and 2.6% respectively, while industrial declined by 0.9%[49]