earnings
confidence high
sentiment negative
materiality 0.50
Evergy Q2 2023 GAAP EPS $0.78 vs $0.84 YoY; reaffirms FY guidance $3.55-$3.75
Evergy, Inc.
2023-Q2 EPS reported
$1.40
revenue$2,651,000,000
- Net income $179.1M ($0.78 diluted EPS) vs $194.5M ($0.84) in Q2 2022.
- Adjusted EPS (non-GAAP) $0.81 vs $0.84; weather-normalized demand improved but unfavorable weather and higher depreciation/interest weighed.
- Quarterly dividend declared $0.6125/share, payable Sep 20, 2023 to holders of record Aug 21, 2023.
- Reaffirmed 2023 GAAP and adjusted EPS guidance range $3.55-$3.75; long-term adjusted EPS growth target 6%-8% through 2025 unchanged.
- Management noted severe July 14 storms as most impactful in recent history; restoration efforts involved 3,500 personnel.