Evergy Inc Stock Price, News & Analysis

Evergy (NASDAQ: EVRG) has filed a request with the Kansas Corporation Commission for a base rate review, its first in five years, to recover investments aimed at enhancing grid reliability and customer service. The proposed net revenue increase is $204 million (9.77%) for Evergy Kansas Central and $14 million (1.95%) for Evergy Kansas Metro. The company has maintained flat rates for Kansas customers over the past five years, despite cumulative inflation of 20%. Evergy cites $232 million in merger savings shared with customers and claims nearly $1 billion in cost efficiencies since the merger in 2018. The request reflects a significant reduction of 37% in the previously anticipated rate increase. If approved, average residential bills could rise by approximately $14.24 and $3.47 for the respective service areas starting December 2023.

Evergy, Inc. (NASDAQ: EVRG) will release its 2023 first quarter earnings on May 5, 2023, prior to market open. The company will also hold a conference call on the same day at 9:00 a.m. Eastern to discuss the earnings results. Investors can access supplemental financial information related to the quarter on the company's website, along with a replay of the conference call post-event. Evergy serves approximately 1.7 million customers in Kansas and Missouri, focusing on providing reliable, affordable, and sustainable energy. The firm generates about half of its power from carbon-free sources.

Evergy, Inc. (NASDAQ: EVRG) will hold its 2023 Annual Meeting of Shareholders on May 2, 2023, at 11:00 a.m. Eastern (10:00 a.m. Central). Shareholders can join virtually via www.virtualshareholdermeeting.com/EVRG2023. Key items on the agenda include the election of 11 Board of Directors members and other business matters specified in the meeting notice. Evergy serves 1.7 million customers in Kansas and Missouri, providing reliable, affordable, and sustainable energy. Approximately half of its power originates from carbon-free sources, underscoring the company's commitment to environmental responsibility.

Evergy reported 2022 GAAP earnings of $753 million ($3.27 per share), down from $880 million ($3.83 per share) in 2021. However, the adjusted EPS increased to $3.71, marking a 7.2% year-over-year rise. The company issued 2023 EPS guidance of $3.55 to $3.75 and declared a quarterly dividend of $0.6125 per share, payable on March 22, 2023. Evergy updated its five-year capital investment plan to $11.6 billion, focusing on enhancing grid infrastructure and transitioning to renewable energy sources. The company emphasizes its commitment to affordability, reliability, and sustainability while working towards operational excellence.

Evergy, Inc. (NASDAQ: EVRG) is set to release its Q4 2022 earnings on February 24, 2023, before market open. Following the release, the company will hold a conference call at 9:00 a.m. Eastern to discuss its performance. Investors can access supplemental financial information on the company’s website alongside the earnings announcement. Approximately 1.7 million customers in Kansas and Missouri benefit from Evergy's focus on reliable, affordable, and sustainable energy, with half of its power generated from carbon-free sources. A replay of the call will also be available online.

Evergy has issued a Request for Proposals (RFP) for up to 1,240 MW of generation resources to meet customer needs by 2026. This RFP, the first since the Inflation Reduction Act, emphasizes projects over 50 MW within Kansas and Missouri. Proposals are due by February 28, 2023. The company aims to add over 3,500 MW of renewable energy and retire more than 1,900 MW of coal generation in the next decade, targeting 70% carbon reduction by 2030 and net-zero emissions by 2045. The RFP reflects Evergy's commitment to sustainable energy solutions and customer savings through federal incentives.

Evergy, Inc. (NYSE: EVRG) will transfer its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market, effective December 28, 2022. The last trading day on the NYSE is December 27, 2022. CEO David Campbell emphasized that the move aims to leverage Nasdaq's technology to enhance shareholder value. Serving 1.6 million customers in Kansas and Missouri, Evergy focuses on providing reliable, sustainable energy, with around half of its power sourced from carbon-free options.

Evergy, Inc. (NYSE: EVRG) reported a third-quarter 2022 GAAP EPS of $1.86 and adjusted EPS of $2.01, reflecting a year-over-year decrease in GAAP earnings. Adjusted earnings increased slightly compared to Q3 2021. The company announced a 7% increase in its quarterly dividend to $0.6125 per share, payable on December 20, 2022. Evergy revised its 2022 GAAP EPS guidance to a range of $3.33 to $3.43 and narrowed its adjusted EPS guidance to $3.53 to $3.63. The results were driven by higher demand and favorable weather, offset by higher expenses related to depreciation and interest.