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) 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.
Evergy (NYSE: EVRG) has launched a Request for Proposals (RFP) seeking up to 1,000 megawatts (MW) of wind energy projects by 2026. Projects achieving commercial operation by mid-2024 or year-end 2025 will be prioritized. The RFP is open until November 23, 2021, with a focus on projects of at least 50 MW that interconnect to the Southwest Power Pool. This initiative supports Evergy's strategy to expand renewable energy and move towards net zero carbon emissions by 2045, leveraging production tax credits.
Evergy, Inc. (NYSE: EVRG) will release its third quarter 2021 earnings on November 3, 2021, before market open. The company will hold a quarterly conference call and audio webcast on the same day at 9:00 a.m. Eastern. Investors can join via phone at (888) 353-7071 or log onto investors.evergy.com. Supplemental financial information will be available on their website. A replay of the call can be accessed from 1:00 p.m. Eastern on November 3 through November 10, 2021.