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. (NASDAQ: EVRG) is a regulated electric utility serving approximately 1.7 million customers in Kansas and Missouri. News about Evergy often centers on its financial performance, capital investment plans, regulatory developments and resource strategy in the electric bulk power transmission and control sector. The company regularly issues earnings releases that provide GAAP and non-GAAP results, guidance updates and commentary from management on demand trends, weather impacts, cost drivers and regulatory outcomes.
Investors following EVRG news can expect recurring coverage of quarterly and annual earnings, including adjusted earnings and adjusted earnings per share, along with explanations of how items such as mark-to-market impacts of economic hedges and losses from non-regulated investments affect reported results. Evergy’s announcements also describe dividend declarations on its common stock and multi-year earnings growth targets, which are of interest to income-focused and long-term shareholders.
Evergy’s news flow also includes updates on financing and balance sheet actions, such as term loan agreements, issuance of mortgage bonds by its utility subsidiaries and repurchases of portions of its 4.50% Convertible Notes due 2027. Regulatory and legislative developments in Kansas and Missouri feature prominently, including rate case settlements, new retail rates, and state laws that support infrastructure investment, wildfire risk mitigation and the ability to attract large customers like data centers.
Another important stream of EVRG news involves Evergy’s resource mix and clean energy initiatives. The company reports that about half of its power comes from carbon-free sources and highlights approvals for new natural gas and solar projects. Through a memorandum of understanding with TerraPower and the Kansas Department of Commerce, Evergy is exploring the potential siting of TerraPower’s Natrium advanced nuclear reactor and energy storage system in Kansas, which has generated attention from policymakers and stakeholders.
By monitoring Evergy news, readers can track how the company navigates weather variability, demand growth, regulatory decisions, capital investment, and its stated mission to produce, transmit and deliver reliable, affordable and sustainable energy in its service territories.
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.
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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