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Evergy, Inc. - EVRG STOCK NEWS

Welcome to our dedicated page for Evergy news (Ticker: EVRG), a resource for investors and traders seeking the latest updates and insights on Evergy stock.

Evergy, Inc. (symbol: EVRG) is a prominent utility company headquartered in Kansas City, Missouri. Incorporated in 2017, Evergy, Inc. specializes in the generation, transmission, distribution, and sale of electricity across Kansas and Missouri. Serving approximately 1,604,300 customers, including residential, commercial, industrial, and municipal clients, Evergy stands as a key player in the U.S. energy market.

The company employs a diverse mix of energy sources to generate electricity. These include coal, nuclear, natural gas and oil, uranium, wind, hydroelectric, landfill gas, and solar energy as well as other renewable sources, underlining its commitment to sustainability and innovation. Evergy operates about 10,100 circuit miles of transmission lines, 39,700 circuit miles of overhead distribution lines, and 12,700 circuit miles of underground distribution lines, ensuring a reliable energy supply to its vast customer base.

Evergy’s major operating subsidiaries include Evergy Metro, Evergy Kansas Central, Evergy Missouri West, and Evergy Transmission Co. The company boasts a combined rate base of approximately $19 billion, with assets evenly distributed between Kansas, Missouri, and federal jurisdictions. Notably, Evergy is one of the largest suppliers of wind energy in the United States, reflecting its leadership in the renewable energy sector.

Recent achievements include significant investments in modernizing the power grid, enhancing energy efficiency programs, and expanding renewable energy projects. Current projects focus on sustainable energy solutions and technological advancements to meet the evolving energy demands of the future. Financially, Evergy maintains a strong and stable position, supported by strategic partnerships and a dedicated focus on innovation and customer service.

Through its comprehensive energy solutions and commitment to sustainability, Evergy continues to play a vital role in the region's development, offering reliable and efficient energy to millions while driving forward the transition to a greener and more resilient energy infrastructure.

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Evergy (NASDAQ: EVRG) has announced its plans to release 2024 second quarter earnings on Friday, August 9, 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, while analysts need to register for phone access.

Evergy serves 1.7 million customers in Kansas and Missouri, focusing on producing, transmitting, and delivering reliable, affordable, and sustainable energy. About half of Evergy's power comes from carbon-free sources. The company aims to empower a better future by managing energy use efficiently, creating a safe and diverse workplace, and adding value for investors.

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Evergy (NASDAQ: EVRG) announced that CFO Kirk Andrews will leave the company to become CFO at Consolidated Edison (NYSE: ED). Andrews' departure is effective June 21, 2024. Geoffrey Ley, currently vice president, corporate planning, and treasurer, will serve as acting CFO while maintaining his current responsibilities. Ley joined Evergy in 2021 and has a strong background in financial leadership roles. Evergy's CEO, David Campbell, expressed confidence in Ley's capabilities. Evergy serves 1.7 million customers in Kansas and Missouri, focusing on delivering reliable, affordable, and sustainable energy.

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Consolidated Edison (NYSE: ED) announced the retirement of Robert Hoglund as Chief Financial Officer, effective July 8, 2024. Hoglund will stay on as Senior Vice President for a transition period until his full retirement later in 2024. Kirkland B. Andrews will succeed Hoglund as Senior Vice President and CFO, also effective July 8, 2024. Andrews joins from Evergy (NASDAQ: EVRG) and has extensive experience in finance, including roles at NRG Energy, Deutsche Bank, and Citigroup. Con Edison credits Hoglund with contributing to strong results and a 50-year consecutive dividend increase. The company highlights its financial strength as a critical pillar for future growth, particularly in the clean energy sector.

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Evergy, Inc. (NASDAQ: EVRG) reported First Quarter 2024 GAAP EPS of $0.53, compared to $0.62 in 2023, with Adjusted EPS of $0.54, compared to $0.59. The company declared a quarterly dividend of $0.6425 per share and reaffirmed its 2024 EPS guidance of $3.73 to $3.93. The long-term adjusted EPS growth target is 4% to 6% through 2026.

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Evergy, Inc. (NASDAQ: EVRG) will release its 2024 first quarter earnings on May 9, 2024, and host a conference call and webcast to discuss the results. Analysts can access the presentation slides and webcast online or via phone. Supplemental financial information will be posted on the company's website.
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Evergy, Inc. (NASDAQ: EVRG) will hold its 2024 Annual Meeting of Shareholders online on May 7, 2024. Shareholders will vote on electing 10 Board of Directors members and other business matters. The virtual meeting can be accessed at www.virtualshareholdermeeting.com/EVRG2024.
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Evergy, Inc. (EVRG) files its Integrated Resource Plan outlining the addition of 5,100 MW of renewable energy and 5,200 MW of firm, dispatchable generation over the next 20 years. The plan includes the retirement of over 4,500 MW of coal-based generation, significant growth in demand-side programs, and a commitment to reducing carbon emissions by 70% by 2030 and achieving net-zero by 2045.
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Evergy, Inc. (EVRG) announced that Mark Ruelle will retire from the board of directors and chairman role, with David Campbell nominated to take over. Ruelle's leadership post-merger has positively impacted the company. Campbell, the current president and CEO, will assume the chairman role. Additionally, Thomas D. Hyde will retire as lead independent director, with B. Anthony Isaac taking over.
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Evergy, Inc. reports 2023 GAAP EPS of $3.17, adjusted EPS of $3.54, and provides 2024 EPS guidance of $3.73 to $3.93. The company declared a dividend of $0.6425 per share and updated its $12.5 billion capital plan through 2028.
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Evergy, Inc. (NASDAQ: EVRG) will release its 2023 fourth quarter earnings on February 29, 2024. The company will host a conference call and webcast to discuss the results. Supplemental financial information will be posted on the company's website. Analysts can access the call via phone or webcast.
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FAQ

What type of energy sources does Evergy use?

Evergy utilizes coal, nuclear, natural gas and oil, uranium, wind, hydroelectric, landfill gas, solar energy, and other renewable sources.

How many customers does Evergy serve?

Evergy serves approximately 1,604,300 customers, including residences, commercial firms, industrials, municipalities, and other electric utilities.

Where is Evergy headquartered?

Evergy is headquartered in Kansas City, Missouri.

What are Evergy's major subsidiaries?

Major subsidiaries include Evergy Metro, Evergy Kansas Central, Evergy Missouri West, and Evergy Transmission Co.

What is Evergy's rate base value?

Evergy has a combined rate base of approximately $19 billion.

What recent achievements has Evergy made?

Recent achievements include significant investments in power grid modernization, energy efficiency programs, and expansion of renewable energy projects.

Is Evergy involved in renewable energy?

Yes, Evergy is one of the largest suppliers of wind energy in the U.S. and actively invests in various renewable energy sources.

When was Evergy incorporated?

Evergy was incorporated in 2017.

How extensive is Evergy's transmission and distribution network?

Evergy operates approximately 10,100 circuit miles of transmission lines, 39,700 circuit miles of overhead distribution lines, and 12,700 circuit miles of underground distribution lines.

What regions does Evergy serve?

Evergy serves customers in Kansas and Missouri.

Evergy, Inc.

Nasdaq:EVRG

EVRG Rankings

EVRG Stock Data

12.75B
229.93M
0.22%
87.98%
3.7%
Electric Bulk Power Transmission and Control
Utilities
Link
United States of America
KANSAS CITY