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Evergy (EVRG)
NASDAQ:EVRG
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.42Last Year’s EPS
$0.27Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 1.68%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Positive
The earnings call was largely positive, with strong adjusted earnings growth, reaffirmed guidance, and significant investments in new generation projects and customer growth. Some challenges were noted due to weather impacts and increased depreciation expenses, but these were outweighed by the positive developments.Company Guidance
In the third quarter of 2024, Evergy, Inc. provided detailed guidance highlighting solid financial performance and strategic plans. The company reported adjusted earnings of $2.02 per share, up from $1.88 per share a year ago, and reaffirmed its 2024 adjusted EPS guidance range of $3.73 to $3.93 per share. Looking ahead, Evergy introduced its 2025 adjusted EPS guidance range of $3.92 to $4.12 per share, with a midpoint representing a 5% increase over 2024's midpoint. The company also set a long-term EPS growth target of 4% to 6% through 2029, driven by a $16.2 billion five-year capital investment plan, which includes $2.4 billion in incremental generation and $1.3 billion in distribution investments. This plan is expected to support an 8% annualized rate base growth through 2029 and accommodate a 2% to 3% load growth. Additionally, Evergy announced a 4% increase in its annualized dividend to $2.67 per share, aligning with its growth outlook and target payout ratio of 60% to 70%.Increase in Adjusted Earnings
Third quarter adjusted earnings increased to $2.02 per share from $1.88 per share a year ago, driven by demand growth, retail sales, and FERC investments.
Reaffirmation and Guidance
Reaffirmed 2024 adjusted EPS guidance range of $3.73 to $3.93 per share and established 2025 guidance range of $3.92 to $4.12 per share, with a midpoint growth target of 4% to 6% through 2029.
Dividend Increase
Announced a 4% increase in quarterly dividend to $2.67 per share on an annualized basis.
New Generation Investments
Plans to invest in two new combined cycle natural gas plants and three solar farms totaling 325 megawatts, contributing to economic development in Kansas and Missouri.
Economic Development Wins
Secured major customers like Google, Panasonic, and Meta, representing approximately 750 megawatts of load.
Capital Expenditure Forecast
Five-year investment plan totals approximately $16.2 billion from 2025 to 2029, representing an $8% annualized rate base growth.
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EVRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EVRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $60.42 | $60.77 | +0.58% |
| Aug 09, 2024 | $57.75 | $57.45 | -0.52% |
| May 09, 2024 | $52.80 | $53.91 | +2.10% |
| Feb 29, 2024 | $47.57 | $47.33 | -0.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Evergy (EVRG) report earnings?
Evergy (EVRG) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Evergy (EVRG) earnings time?
Evergy (EVRG) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EVRG EPS forecast?
EVRG EPS forecast for the fiscal quarter 2024 (Q4) is $0.42.
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