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 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.
Evergy, Inc. (NYSE: EVRG) will announce its fourth quarter 2020 earnings on February 26, 2021, prior to market opening. A conference call will follow at 8:00 a.m. Eastern, with options to join by phone or via an audio webcast. Supplemental financial information will be available on the company's website. A replay of the call can be accessed from about 1 p.m. Eastern on the same day until March 5, 2021.
Librestream, a leader in augmented reality solutions, announced strategic investments from Honeywell (NYSE: HON) and Evergy Ventures (NYSE: EVRG). These investments aim to enhance workforce transformation across various industries. CEO John Bishop emphasized the increasing focus on remote workforce digitization. Honeywell's investment builds on their existing partnership, while Evergy Ventures seeks to innovate within the energy sector. The collaborations are expected to drive operational efficiencies and safety improvements through Librestream's advanced solutions.
Evergy, Inc. (NYSE: EVRG) has appointed Kirk Andrews as the new executive vice president and chief financial officer, effective February 22, 2021. He replaces Tony Somma, who announced his departure on January 8. Andrews, previously CFO at NRG Energy, will oversee corporate financial functions, performance management, and renewable energy development. His role is pivotal as Evergy aims to execute its Sustainability Transformation Plan, which targets 5% to 6% annual rate base growth and 6% to 8% EPS growth through 2024, enhancing system reliability and sustainability.
Evergy, Inc. (NYSE: EVRG) announces the retirement of Tony Somma, Executive Vice President and Chief Financial Officer, after 27 years with the company and its predecessor, Westar Energy. Somma will assist in the transition until a successor is appointed. Board Chair Mark Ruelle highlighted Somma's vital role in ensuring financial stability and developing the Sustainability Transformation Plan (STP). Evergy, serving 1.6 million customers in Kansas and Missouri, is committed to renewable energy, with nearly half of its power sourced from emission-free generation.