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.
Evergy, Inc. (NYSE: EVRG) announced the release of its Q3 2022 earnings on November 4, 2022, before the market opens. The company will host a conference call and audio webcast on the same day at 9:00 a.m. Eastern to discuss its financial results. Supplemental financial information regarding its quarterly performance will also be made available on its investor relations website. Evergy serves approximately 1.6 million customers in Kansas and Missouri, focusing on reliable and sustainable energy while reducing environmental impact.
Evergy has acquired the 199 MW Persimmon Creek Wind Farm in Oklahoma for approximately $250 million from Scout Clean Energy and Elawan Energy. The project, which has been operational since 2018, includes 80 General Electric turbines and spans 17,000 acres. The acquisition aims to enhance Evergy's renewable energy portfolio, providing carbon-free energy to its customers in Kansas and Missouri. The sale is expected to close in Q1 2023, pending regulatory approvals.
Evergy has announced the acquisition of the Persimmon Creek Wind Farm in Oklahoma for approximately $250 million. This 199-megawatt facility aims to enhance Evergy's renewable energy offerings in the Missouri region, serving the Evergy Missouri West service area. With plans to add over 3,500 MW of renewable energy in the next decade and achieve a 70% carbon reduction by 2030, the company is committed to sustainable and reliable energy. The deal, expected to close by early 2023, is subject to regulatory approvals.
Evergy, Inc. (NYSE: EVRG) reported second-quarter 2022 GAAP earnings of $195 million, or $0.84 per share, a rise from $185 million or $0.81 per share in Q2 2021. Adjusted EPS was $0.86, up from $0.85 year-over-year. The company continues to forecast a 2022 adjusted EPS of $3.43 to $3.63. A quarterly dividend of $0.5725 per share is declared, payable on September 20, 2022. Evergy's performance was boosted by increased demand and weather conditions, although higher operational expenses were noted.
Evergy, Inc. (NYSE: EVRG) will release its Q2 2022 earnings on August 4, 2022, before markets open. The company will host a conference call at 9:00 a.m. Eastern to discuss the results. Interested parties can view the webcast on the investors.evergy.com website. Additional financial information will also be available on their website. Evergy serves 1.6 million customers in Kansas and Missouri, focusing on reliable, affordable, and sustainable energy solutions.
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Spire and Evergy have launched the Pay As You Save® (PAYS) program in Missouri, enabling customers to make energy-efficiency upgrades with minimal upfront costs. This collaboration allows for upgrades like air conditioners and insulation, financed through fixed monthly utility charges. Customers can benefit from a free energy assessment to identify cost-effective improvements. The program aims to lower utility bills while enhancing energy efficiency. Notably, this is the first joint offering between Spire and Evergy, expanding access to energy-saving strategies for customers.
Evergy, Inc. (NYSE: EVRG) reported a first-quarter 2022 GAAP EPS of $0.53, down from $0.84 in Q1 2021, with adjusted EPS rising to $0.58 from $0.55 year-over-year. The company declared a quarterly dividend of $0.5725 per share, payable on June 20, 2022, for shareholders on record as of May 20, 2022. The 2022 GAAP EPS guidance is set between $3.38 and $3.58, reaffirming its adjusted EPS guidance of $3.43 to $3.63, targeting annual growth of 6% to 8% through 2025. The management emphasized a strong start to the year, focusing on providing sustainable energy.
On May 3, 2022, org value="NYSE:EVRG"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.