Evergy Inc Stock Price, News & Analysis

On May 3, 2022, Evergy will hold its 2022 Annual Meeting of Shareholders virtually, starting at 11:00 a.m. Eastern. Shareholders can join via www.virtualshareholdermeeting.com/EVRG2022. The agenda includes the election of 12 Board members and other business matters. Headquartered in Kansas City, Evergy serves 1.6 million customers across Kansas and Missouri, focusing on sustainable energy and customer service.

Evergy, Inc. (NYSE: EVRG) will announce its Q1 2022 earnings on May 5, 2022, prior to market open. A conference call to discuss the results will occur the same day at 9:00 a.m. Eastern. Investors can join via phone at (888) 353-7071 (Conference ID: 4766027) or by accessing the webcast at investors.evergy.com. Supplemental financial information will be available on their website. A replay of the call will be accessible from 1 p.m. on May 5 through May 12, 2022.

Evergy, Inc. (NYSE: EVRG) reported a 2021 GAAP EPS of $3.83, rising from $2.72 in 2020, with adjusted EPS at $3.54. The company declared a quarterly dividend of $0.5725 per share, payable on March 21, 2022. Evergy reaffirmed its 2022 EPS guidance at $3.43 to $3.63 and updated its $10.7 billion capital plan for 2022-2026, focusing on grid modernization and renewable energy investments. Despite fourth quarter challenges due to weather impacts and operational costs, Evergy aims for long-term growth and sustainability.

Spirit AeroSystems announced its transition to 100% wind-generated electricity at its Kansas headquarters. This initiative promotes environmental responsibility and aims for a 30% reduction in greenhouse gas emissions by 2030. The Wichita facility, employing around 10,000 staff, will source its wind power from a local wind farm involving 62 turbines and increase its global renewable electricity percentage to 75%. The project supports operational efficiency and competitiveness, aligning with Spirit's sustainability goals, while also benefiting the local economy through job creation.

Evergy, Inc. (NYSE: EVRG) will release its Q4 2021 earnings on February 25, 2022, before market open. The company will host a conference call and audio webcast at 9:00 a.m. Eastern to discuss the results. Supplemental financial information will be available on its website, and a replay of the call will be accessible from 1 p.m. Eastern, February 25, through March 11, 2022. Evergy serves 1.6 million customers in Kansas and Missouri and aims to provide clean, reliable energy, with half of its power from emission-free sources.

Evergy has submitted a rate review to the Missouri Public Service Commission, requesting a 5.2% increase for Missouri Metro customers and 3.85% for Missouri West customers. This marks the first base rate increase in over five years. The request follows savings from the 2018 merger, which exceeded projections, allowing the company to reduce the rate increase request by more than half. The proposed adjustments aim to improve reliability, customer service, and the transition to cleaner energy sources, while maintaining rates below the inflation rate over the past decade.

Evergy has proposed a suite of energy efficiency programs to the Kansas Corporation Commission, aimed at delivering $42 million in net bill savings for customers. The plan includes $13 million in assistance for low-income and rural households and aims to create jobs through community partnerships.

The company is also preparing to request an extension of its energy efficiency programs in Missouri, where it has previously helped over 370,000 residents save energy. Proposed Kansas programs are expected to begin in January 2023 and will require regulatory approval.

On November 8, Evergy participated in a ribbon-cutting ceremony for a new 1.92 MW solar array in Paragould, Arkansas. This system, operational since November 2021, utilizes bifacial solar panels and Schletter single-axis trackers to enhance efficiency, producing about 3.4 million kWh annually—enough to power over 200 homes for a year. Evergy has collaborated with Paragould Light Water & Cable for over a decade, securing a competitive bid to establish this solar project aimed at providing affordable, clean energy to the community.

Evergy, Inc. (NYSE: EVRG) reported third quarter 2021 earnings of $449 million, or $1.95 per share, surpassing $365 million, or $1.60 per share in Q3 2020. Adjusted EPS rose to $1.98 from $1.73 year-over-year. The company announced a 7% increase in its quarterly dividend to $0.5725 per share, reflecting confidence in its performance. Evergy has raised its 2021 GAAP EPS guidance to between $3.71 and $3.81 and adjusted EPS guidance to $3.50 to $3.60. The earnings growth was driven by warmer weather and increased retail sales, although weather-normalized demand decreased.