Evergy Q1 GAAP EPS $0.62, adj EPS $0.59; reaffirms FY23 guidance $3.55-$3.75

Evergy, Inc.

2023-Q1 EPS reported $0.62 revenue$1,296,800,000

GAAP net income $142.6M ($0.62/diluted share), up from $122.5M ($0.53) in Q1 2022.
Adjusted EPS (non-GAAP) $0.59 vs $0.56 YoY; improvement driven by higher weather-normalized demand and lower O&M costs.
Board declares quarterly dividend of $0.6125 per share, payable June 20, 2023 to holders of record May 19.
2023 GAAP and adjusted EPS guidance reaffirmed at $3.55-$3.75; long-term adj EPS growth target 6%-8% through 2025.
Q1 results aided by lower ops/maintenance expense and higher transmission margin, partially offset by unfavorable weather and higher interest expense.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Evergy, Inc. reported first quarter ended March 31, 2023 results: net income $143 million, EPS $0.62 per share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Net income: $143 million
EPS: $0.62 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Evergy, Inc. (NASDAQ: EVRG) today announced first quarter 2023 GAAP earnings of $143 million, or $0.62 per share

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Source: SEC EDGAR

accession 0001193125-23-136559

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