Evergy Inc - EVRG STOCK NEWS

Evergy (NASDAQ: EVRG) has announced its 2025 Annual Meeting of Shareholders will be held virtually on May 6, 2025, at 11:00 a.m. Eastern time. Shareholders can access the meeting at virtualshareholdermeeting.com/EVRG2025 using their control number from proxy cards or voting instruction forms.

During the meeting, shareholders will vote on electing 12 Board of Directors members and other business matters. Evergy serves 1.7 million customers in Kansas and Missouri, with approximately half of its power generation coming from carbon-free sources. The company focuses on delivering reliable, affordable, and sustainable energy while maintaining its commitment to stakeholder value.

Evergy (NASDAQ: EVRG) reported strong financial results for 2024, with GAAP earnings of $873.5 million ($3.79 per share), up from $731.3 million ($3.17 per share) in 2023. Adjusted earnings reached $877.9 million ($3.81 per share) compared to $815.6 million ($3.54 per share) in 2023.

The company declared a quarterly dividend of $0.6675 per share, payable March 21, 2025, to shareholders of record as of March 10, 2025. Evergy raised its 2025E-2029E capital investment plan to $17.5 billion and reaffirmed its 2025 guidance range of $3.92 to $4.12 per share.

Performance was driven by new retail rates, FERC regulated investments, and growth in weather-normalized demand, despite challenges from mild weather and higher operational costs. The company highlighted positive developments including Kansas House Bill 2527 passage and a unanimous settlement in the Missouri West rate case, along with advanced negotiations with two large data center customers from their 10-gigawatt project pipeline.

Evergy (NASDAQ: EVRG) has announced its upcoming fourth quarter 2024 earnings release and conference call, scheduled for February 27, 2025. The company will release its earnings before market open, followed by a conference call and audio webcast at 9:00 a.m. Eastern (8:00 a.m. Central).

Analysts can participate by registering for phone access, while investors can view the webcast and presentation slides at investors.evergy.com. Supplemental financial information related to Q4 2024 performance will be posted on the company's website under Supplemental Materials.

Evergy serves 1.7 million customers in Kansas and Missouri, with approximately half of its power generation coming from carbon-free sources. The company focuses on delivering reliable, affordable, and sustainable energy while maintaining commitments to stakeholder value, workplace diversity, and community engagement.

Evergy (NASDAQ: EVRG) reported strong Q3 2024 results with GAAP earnings of $465.6 million ($2.02 per share), up from $351.6 million ($1.53 per share) in Q3 2023. The company increased its quarterly dividend by 4% to $0.6675 per share and announced a $16.2 billion capital investment plan for 2025-2029. Evergy reaffirmed its 2024 EPS guidance of $3.73-$3.93 and established 2025 guidance of $3.92-$4.12. The improved performance was driven by new retail rates, FERC regulated investments, and growth in weather-normalized demand, partially offset by cooler summer weather and higher depreciation expenses.

Evergy (NASDAQ: EVRG) has announced plans to invest in two new 705 megawatt (MW) combined-cycle natural gas plants in Kansas, set to begin operations in 2029 and 2030. These high-efficiency plants aim to meet growing energy needs, support reliability, and complement Evergy's planned investments in wind and solar resources. The plants, located in Sumner County and Reno County, are expected to create over 500 construction jobs each and 20-40 permanent skilled jobs paying over $90,000 annually.

The investment aligns with Kansas' economic growth and recent bipartisan legislation enhancing policies for electric infrastructure investment. Each plant is projected to provide more than $500 million in property tax revenues over its 40-year service life, following a 10-year exemption period. Evergy's CEO, David Campbell, emphasized the plants' role in meeting electricity needs for the region's growing economy while supporting the company's commitment to affordable, reliable, and sustainable electricity.

Evergy (NASDAQ: EVRG) has announced its plans to release 2024 third quarter earnings on Thursday, November 7, 2024, before market open. The company will host a conference call and audio webcast to discuss the results on the same day at 9:00 a.m. Eastern (8:00 a.m. Central).

Investors can access the webcast and presentation slides at investors.evergy.com. Analysts wishing to join via phone will need to register for access. Supplemental financial information related to Q3 2024 performance will be posted on the company's website under Supplemental Materials in the Investors section.

Evergy serves 1.7 million customers in Kansas and Missouri, with a focus on producing, transmitting, and delivering reliable, affordable, and sustainable energy. About half of Evergy's power comes from carbon-free sources, demonstrating the company's commitment to environmental responsibility.

Evergy, Inc. (NASDAQ: EVRG) has announced the appointment of two new board members: Dean Newton and Jon Rolph. Newton, currently the president and CEO of Delta Dental of Kansas, will join the board effective Oct. 15, 2024. Rolph, the CEO of Thrive Restaurant Group, will join on Jan. 1, 2025.

Newton brings experience in leading a regulated business through evolving landscapes, while Rolph offers over two decades of business leadership and regional expertise. Both executives are active in civic and community leadership in Kansas. Newton will serve on the board's Operations Committee, and Rolph on the Finance Committee.

Evergy's CEO, David Campbell, emphasized the importance of these appointments in navigating the company's growth and changes in the energy sector, as well as maximizing economic development opportunities in their service territory.

Evergy (NASDAQ: EVRG) has announced the appointment of W. Bryan Buckler as its new executive vice president and chief financial officer, effective October 1, 2024. Buckler, 51, joins Evergy from OGE Energy Corp. (NYSE: OGE), where he has served as CFO since January 2021. In his new role, Buckler will oversee Evergy's corporate finance functions, including treasury, accounting, planning, tax, internal audit, capital allocation, and investor relations.

Buckler brings extensive experience from his previous roles at OGE Energy Corp. and Duke Energy , where he held various finance leadership positions. Geoff Ley, Evergy's current acting CFO, will continue in his role until September 30, 2024, before transitioning back to his position as treasurer and vice president of corporate planning.

Evergy (NASDAQ: EVRG) reported second quarter 2024 GAAP earnings of $207.0 million, or $0.90 per share, compared to $179.1 million, or $0.78 per share, in Q2 2023. Adjusted earnings (non-GAAP) were also $207.0 million and $0.90 per share, up from $186.1 million and $0.81 per share in 2023. The increase was primarily due to warmer weather, growth in weather-normalized demand, new retail rates, and higher transmission margin. Evergy reaffirmed its 2024 GAAP and adjusted EPS guidance of $3.73 to $3.93 and its long-term adjusted EPS annual growth target of 4% to 6% through 2026. The company declared a quarterly dividend of $0.6425 per share.