Evergy, Inc. ( (EVRG) ) has released its Q4 earnings. Here is a breakdown of the information Evergy, Inc. presented to its investors.
Evergy, Inc. is a utility company based in Kansas City, serving 1.7 million customers in Kansas and Missouri, focusing on delivering reliable, affordable, and sustainable energy. The company recently announced its 2024 financial results, showcasing a notable increase in earnings per share (EPS) compared to the previous year. Evergy reported a 2024 GAAP EPS of $3.79, up from $3.17 in 2023, and an adjusted EPS of $3.81, compared to $3.54 in 2023. The company also declared a quarterly dividend of $0.6675 per share and raised its capital investment plan for 2025-2029 to $17.5 billion. Key financial highlights include full-year GAAP earnings of $873.5 million and adjusted earnings of $877.9 million, reflecting growth driven by new retail rates and investments, despite challenges from mild weather and increased expenses. Looking forward, Evergy reaffirms its 2025 EPS guidance and anticipates continued growth in the upper half of its long-term adjusted EPS growth target of 4% to 6% annually through 2029.