Evergy, Inc. ( (EVRG) ) has released its Q2 earnings. Here is a breakdown of the information Evergy, Inc. presented to its investors.
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Evergy, Inc. is a utility company based in Kansas City, Missouri, providing electricity to 1.7 million customers across Kansas and Missouri, with a focus on delivering reliable, affordable, and sustainable energy.
In its latest earnings report, Evergy announced a decrease in its second quarter 2025 earnings compared to the previous year, with GAAP earnings per share (EPS) dropping from $0.90 in 2024 to $0.74 in 2025. Despite this, the company reaffirmed its 2025 adjusted EPS guidance and declared a quarterly dividend of $0.6675 per share.
The key financial metrics for the second quarter of 2025 showed adjusted EPS at $0.82, down from $0.90 in the same period last year. The decline was attributed to milder weather, increased operational expenses, and higher interest and depreciation costs. However, these were partially offset by revenue growth from regulated investments and increased weather-normalized electricity demand. Additionally, Evergy highlighted progress in regulatory matters and approvals for new natural gas and solar projects.
Looking ahead, Evergy remains committed to its financial targets, maintaining its 2025 adjusted EPS guidance range of $3.92 to $4.12 and a long-term annual growth target of 4% to 6% through 2029. The company continues to focus on delivering affordable and reliable electric service while advancing its strategic initiatives in sustainable energy development.