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Evergy (EVRG)
NASDAQ:EVRG
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.63Last Year’s EPS
0.54Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -0.27%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Positive
Evergy's earnings call for Q4 2024 highlighted strong earnings growth, successful regulatory outcomes, and significant economic development wins, despite challenges from weather impacts and increased operating expenses. The company is optimistic about future growth driven by a robust economic development pipeline and increased capital investments, though it will require additional equity issuances.Company Guidance
During the Q4 2024 earnings call, Evergy, Inc. provided guidance and highlighted key metrics that reflect a robust operational and financial outlook. The company reported adjusted earnings of $3.81 per share for 2024, an increase from $3.54 per share in the previous year, driven by strong cost management and investment in infrastructure improvements. Despite weather challenges, Evergy executed a $2.3 billion capital investment plan focusing on grid modernization and reliability. Looking ahead, the company reaffirmed its 2025 adjusted EPS guidance range of $3.92 to $4.12 per share, with a midpoint of $4.02, and maintained a long-term growth target of 4% to 6% through 2029. The capital expenditure forecast from 2025 to 2029 was updated to $17.5 billion, supporting an anticipated average rate base growth of 8.5% annually. Evergy also reported a strong economic development pipeline, with potential demand growth fueled by major projects representing an additional 800 megawatts of load, underscoring a weather-normalized demand growth forecast of 2% to 3% through 2029.Strong Earnings Growth
Reported adjusted earnings of $3.81 per share for 2024, up from $3.54 per share in 2023, driven by strong cost management and load growth.
Capital Investment and Infrastructure Modernization
Invested $2.3 billion in infrastructure to modernize the grid and replace aging equipment as part of a five-year $17.5 billion capital plan.
Regulatory and Legislative Success
Successful passage of House Bill 2527 in Kansas and a unanimous settlement in Missouri West rate case, supporting infrastructure investments.
Economic Development Wins
Major economic development wins with companies like Google, Panasonic, Meta creating a demand representing 800 megawatts of load.
Robust Economic Development Pipeline
Economic development pipeline grew from 6 gigawatts to over 11 gigawatts, reflecting the competitiveness of the region.
Dividend Increase
Raised dividend by 4% to an annualized $2.67, consistent with a 60% to 70% target payout ratio.
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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 |
|---|---|---|---|
| Feb 27, 2025 | $69.10 | $68.56 | -0.78% |
| 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% |
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 May 02, 2025, TBA Not Confirmed.
What is Evergy (EVRG) earnings time?
Evergy (EVRG) earnings time is at May 02, 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 2025 (Q1) is 0.63.
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