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. reports news on its regulated electric utility operations serving customers in Kansas and Missouri. Company updates commonly cover GAAP and adjusted earnings, quarterly dividends, guidance, weather-normalized demand, operations and maintenance expense, depreciation and amortization, and recovery of regulated investments.
Evergy news also includes large customer electric service agreements, large-load power service tariffs in Kansas and Missouri, reliability initiatives, generation and transmission investment, and shareholder meeting matters. The company’s public updates frequently involve Evergy Kansas Central, Evergy Metro, Evergy Missouri West, Evergy Transmission, and transmission activity through Transource Energy.
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.
Evergy, Inc. (NYSE: EVRG) is set to host a Virtual Investor Day on September 21, 2021, at 9:00 AM Eastern Time. The event will feature updates on the company's business strategy, operational highlights, sustainability profile, and financial outlook. Interested investors can access the webcast on investors.evergy.com. A Q&A session will follow the presentations. Evergy serves 1.6 million customers in Kansas and Missouri, with half of their energy sourced from emission-free resources, aiming for a reliable and environmentally friendly future.
Anterix (NASDAQ: ATEX) has signed a 20-year agreement with Evergy (NYSE: EVRG) for the use of its 900 MHz broadband spectrum across Evergy's service area in Kansas and Missouri. This lease, with two 10-year renewal options, aims to enhance Evergy's grid modernization by deploying a private wireless broadband communications network utilizing LTE technology. The partnership follows similar agreements with other utilities, facilitating a collaborative approach to smart grid applications and efficient energy delivery.
Evergy, Inc. (NYSE: EVRG) has appointed Lesley Elwell as Senior Vice President and Chief Human Resources Officer, effective immediately. Elwell brings over 25 years of HR leadership experience from major companies including Walmart and DIRECTV, focusing on talent strategy and employee engagement. She succeeds Jerl Banning, who left in May 2021. Additionally, Greg Greenwood has been promoted to Executive Vice President and Chief Strategy Officer, where he will continue guiding the Sustainability Transformation Plan, initiated in August 2020, aimed at enhancing renewable energy investment and improving system resilience.
Evergy, Inc. (NYSE: EVRG) reported second quarter 2021 earnings of $185 million ($0.81 per share), significantly up from $133 million ($0.59 per share) in Q2 2020. Adjusted earnings were $195 million ($0.85 per share), compared to $154 million ($0.68 per share) year-over-year. The increase was attributed to higher weather-normalized demand, improved transmission margins, and decreased operating expenses, despite some unfavorable weather impacts. The company reaffirmed its adjusted EPS guidance for 2021 between $3.20 and $3.40 and declared a dividend of $0.535 per share, payable on September 20, 2021.
Evergy, Inc. (NYSE: EVRG) will host a Virtual Investor Day on September 21, 2021 at 9:00 AM ET. The event aims to give insights into Evergy's business strategy, operational highlights, sustainability profile, and financial outlook. Investors, analysts, and media can access the live webcast through Evergy's website, where a replay will also be available later. Evergy serves approximately 1.6 million customers in Kansas and Missouri, and is a leader in renewable energy, with nearly half of its power coming from emission-free sources.
Evergy, Inc. (NYSE: EVRG) is set to release its second quarter earnings on August 5, 2021, prior to market opening. The company will hold a conference call and audio webcast the same day to discuss financial results. Supplemental financial information related to the performance will also be posted on their investor website. Investors can join the call via phone at (888) 353-7071 or through the webcast at investors.evergy.com. A replay will be available until August 12, 2021. Evergy provides energy to 1.6 million customers across Kansas and Missouri.
Evergy has filed its inaugural Integrated Resource Plan (IRP) with the Kansas Corporation Commission, committing to sustainability by retiring 1,200 MW of coal generation and adding 3,200 MW of renewable energy over the next decade. The plan aligns with Evergy's goal of a 70% reduction in carbon emissions by 2030 and net-zero emissions by 2045. The transition involves retiring specific coal plants and enhancing the flexibility of existing facilities. This IRP will guide energy strategies through 2024 and aims to ensure reliability while promoting cleaner energy resources.