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. (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.
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.
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.
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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