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. reports news on its regulated electric utility operations serving customers in Kansas and Missouri. Company updates commonly cover GAAP and adjusted earnings, quarterly dividends, guidance, weather-normalized demand, operations and maintenance expense, depreciation and amortization, and recovery of regulated investments.
Evergy news also includes large customer electric service agreements, large-load power service tariffs in Kansas and Missouri, reliability initiatives, generation and transmission investment, and shareholder meeting matters. The company’s public updates frequently involve Evergy Kansas Central, Evergy Metro, Evergy Missouri West, Evergy Transmission, and transmission activity through Transource Energy.
Evergy, Inc. (NYSE: EVRG) reaffirmed its commitment to its Sustainability Transformation Plan (STP), asserting it provides the highest value for shareholders. Since the STP announcement, no third-party offers have emerged. The plan, developed after an extensive review, aims for top-quartile earnings and dividend growth while focusing on grid modernization and renewable energy. Supported by three independent financial advisors, Evergy believes it has backing from many regulatory stakeholders. The company remains open to new ideas to enhance shareholder value.
Evergy, Inc. (NYSE: EVRG) reported third quarter 2020 earnings of $365 million or $1.60 per share, slightly down from $367 million or $1.56 per share in Q3 2019. Adjusted earnings for Q3 2020 were $393 million and $1.73 per share, an increase from $370 million and $1.57 per share YoY. The rise in earnings was attributed to lower operational costs and increased residential demand, partially offset by a decrease in gross margin due to adverse weather. Evergy narrowed its 2020 EPS guidance to $2.58 to $2.73. A dividend of $0.535 per share was declared, payable on December 21, 2020.
Evergy partners with Plug and Play to launch an innovation hub in Topeka focused on animal health and agriculture technology. This collaboration is designed to support startups by providing access to resources and expertise in clean energy, as Evergy sources over 50% of its energy from carbon-free sources. Jeff Martin, Vice President at Evergy, emphasizes the importance of innovative resources for business evolution. Starting with the selection of 8-10 startups annually, this partnership aims to enhance community growth and foster sustainable practices in energy usage.
Evergy, Inc. (NYSE: EVRG) has announced that it will release its Q3 2020 earnings on November 5, 2020, prior to market opening. Following the earnings announcement, a conference call will be held at 9:00 a.m. Eastern Time to discuss the results. Investors can participate via phone or through a webcast at investors.evergy.com. Supplemental financial information related to Q3 2020 will also be made available on the company's website. A replay of the call will be accessible from November 5 to November 12, 2020.