Evergy, Inc. ( (EVRG) ) has released its Q3 earnings. Here is a breakdown of the information Evergy, Inc. presented to its investors.
Evergy, Inc., a prominent energy provider operating in Kansas and Missouri, focuses on delivering reliable, affordable, and sustainable energy solutions, with a significant portion of its power sourced from carbon-free avenues.
Evergy has released its financial results for the third quarter of 2024, showcasing substantial growth in earnings per share (EPS) compared to the previous year. The company also announced an increase in its quarterly dividend and introduced a robust capital investment plan.
The third quarter of 2024 saw Evergy’s GAAP EPS rise to $2.02 from $1.53 in the same period in 2023. Adjusted EPS also increased to $2.02 from $1.88, reflecting improved retail rates and growth in demand, despite challenges such as cooler weather and higher depreciation expenses. Furthermore, Evergy unveiled a 4% increase in its quarterly dividend to $0.6675 per share and outlined an ambitious $16.2 billion capital investment plan for 2025 through 2029, aimed at enhancing infrastructure and accommodating future energy needs.
In alignment with its strategic vision, Evergy reaffirmed its 2024 earnings guidance and established new guidance for 2025, projecting EPS between $3.92 and $4.12. The company anticipates long-term EPS growth in the upper half of its 4% to 6% range starting in 2026, signifying confidence in its ongoing financial performance and strategic initiatives.
Looking ahead, Evergy remains focused on its commitment to providing sustainable energy solutions, backed by its comprehensive investment plans and strategic initiatives designed to meet the evolving energy demands of its customers in Kansas and Missouri.
