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) 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.
Evergy, Inc. (NYSE: EVRG) reported first quarter 2021 earnings of $192 million ($0.84 per share), a significant increase from $69 million ($0.31 per share) in Q1 2020. Adjusted earnings were $125 million ($0.55 per share), up from $94 million ($0.41). This growth was spurred by favorable power marketing margins during the February winter weather event. Evergy aims for net-zero carbon emissions by 2045 and plans to add 3,200 MW of renewable energy. The company raised its 2021 GAAP EPS guidance to $3.43-$3.63 and declared a $0.535 dividend per share.
Evergy, Inc. (NYSE: EVRG) will release its Q1 2021 earnings on May 6, 2021, before the market opens. A conference call to discuss the results is scheduled for the same day at 9:00 a.m. Eastern. Participants can join via phone at (888) 353-7071 or through a webcast at investors.evergy.com. Supplemental financial information will also be made available on the company's website. A replay of the call can be accessed after 1 p.m. Eastern on May 6 until May 13, 2021, using the same phone number.
Evergy, Inc. (NYSE: EVRG) will hold its 2021 Annual Meeting of Shareholders virtually on May 4, 2021, starting at 11 a.m. Eastern (10 a.m. Central). Shareholders will need their control numbers from proxy cards to participate. Key agenda items include the election of 13 Board members and other business matters. Evergy serves 1.6 million customers in Kansas and Missouri, focusing on clean and reliable energy, with 50% of its power coming from emission-free sources.
Evergy (NYSE: EVRG) has announced the appointment of C. John Wilder and former U.S. Senator Mary L. Landrieu to its Board of Directors, effective March 1. These appointments aim to enhance the Board's expertise amid Evergy's ongoing Sustainability Transformation Plan (STP), which targets a long-term earnings growth rate of 6% to 8% through 2024. Additionally, Bluescape Energy Partners will invest approximately $115 million in Evergy, signaling confidence in the company's strategic direction. The revamped Finance Committee will focus on competitive performance metrics to drive operational efficiency.
Evergy, Inc. (NYSE: EVRG) reported 2020 GAAP earnings of $618 million ($2.72/share), down from $670 million ($2.79/share) in 2019. The decline was attributed to lower retail sales due to unfavorable weather and pandemic impacts, higher depreciation, and increased interest expenses. However, adjusted earnings rose to $706 million ($3.10/share), a 7% increase from 2019, aligning with the company's growth target. A dividend of $0.535 per share was declared, payable on March 22, 2021. For 2021, GAAP EPS guidance is set at $3.14-$3.34, with infrastructure investments of $9.2 billion planned through 2025.
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