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.
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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.
Evergy has partnered with Ericsson and Burns & McDonnell to implement a private LTE network aimed at modernizing its grid operations. Awarded in March 2022, the project includes 20 PLTE sites with the first site operational by May 2022. This initiative is designed to enhance reliability and safety while reducing latency for critical applications. The collaboration has expedited the deployment, allowing Evergy to leverage both LTE and future 5G technologies, thus enabling smarter utility operations and fulfilling its Sustainability Transformation Plan.