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Evergy
🇺🇸 NYSE:EVRG
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•
Mar 31, 2024

Evergy Q1 2024 Earnings Report

Evergy announced first quarter 2024 results, declared quarterly dividend and reaffirmed 2024 guidance.

Key Takeaways

Evergy reported GAAP earnings of $122.7 million, or $0.53 per share, and adjusted earnings (non-GAAP) of $124.7 million, or $0.54 per share, for the first quarter 2024. The company reaffirmed its 2024 GAAP and adjusted EPS guidance of $3.73 to $3.93.

First Quarter 2024 GAAP EPS was $0.53, compared to $0.62 in 2023.

First Quarter 2024 Adjusted EPS (Non-GAAP) was $0.54, compared to $0.59 in 2023.

The company declared a quarterly dividend of $0.6425 per share.

The company reaffirmed 2024 GAAP and Adjusted (Non-GAAP) EPS guidance of $3.73 to $3.93.

Total Revenue
$1.34B
Previous year: $1.3B
+3.1%
EPS
$0.54
Previous year: $0.59
-8.5%
Gross Profit
$380M
Previous year: $645M
-41.0%
Cash and Equivalents
$63.7M
Previous year: $28.4M
+124.3%
Free Cash Flow
-$301M
Previous year: -$165M
+82.8%
Total Assets
$31.3B
Previous year: $29.7B
+5.3%

Evergy

Evergy

Forward Guidance

The Company reaffirmed its 2024 GAAP EPS guidance range of $3.73 to $3.93, along with its 2024 adjusted EPS (non-GAAP) guidance range of $3.73 to $3.93. Additionally, the Company reaffirmed its long-term adjusted EPS (non-GAAP) annual growth target of 4% to 6% through 2026 off the original $3.65 midpoint of 2023 adjusted EPS guidance.

Company Overview

Full financial data and analysis

View Evergy