earnings
confidence high
sentiment positive
materiality 0.70
Evergy Q2 2024 GAAP EPS $0.90 vs $0.78 YoY; reaffirms FY guidance $3.73-$3.93; declares dividend $0.6425/share
Evergy, Inc.
2024-Q2 EPS reported
$1.43
revenue$2,778,500,000
- Q2 2024 GAAP EPS $0.90 vs $0.78 YoY; adjusted EPS $0.90 vs $0.81.
- Net income $207M, up from $179.1M YoY; driven by warmer weather, demand growth, new retail rates.
- Declares quarterly dividend $0.6425/share, payable Sept 20, record Aug 20.
- Reaffirms FY2024 GAAP and adjusted EPS guidance $3.73-$3.93; long-term adjusted EPS growth target 4-6% through 2026.
- Warmer weather and demand growth offset by higher O&M, depreciation, and interest expense.