Evergy(US:EVRG)2024-02-29 17:58Financial Performance - 2023 GAAP EPS was $3.17, and adjusted EPS was $3.54[13] - Adjusted O&M in 2023 was $945 million[14] - The company is introducing 2024 EPS guidance with a range of $3.73-$3.93 for both GAAP and adjusted EPS[21] - The company reaffirms a 4-6% adjusted EPS CAGR target from 2023-2026, using a 2023 baseline of $3.65[23] Operational Highlights - The company invested $2.6 billion in electric infrastructure projects in Kansas and Missouri[15] - SAIDI and SAIFI improved by 10% and 9% respectively, relative to 2022[15] - The company issued $1.4 billion of convertible notes in December 2023[15] - The company is ahead of its 2025 adjusted O&M target, with 2023 adjusted O&M at $945 million compared to the 2018 level of $1,306 million, a 28% reduction[19] Capital Investment and Growth - The company updated its capital plan to $12.495 billion for 2024E-2028E, a 7.7% increase from the previous plan of $11.607 billion for 2023E-2027E[38] - The company is targeting approximately 6% annualized rate base growth[39]