•
Jun 30, 2024

Evergy Q2 2024 Earnings Report

Evergy's Q2 2024 earnings were announced, showing an increase in both GAAP and adjusted EPS compared to the previous year. The company reaffirmed its 2024 earnings guidance and declared a quarterly dividend.

Key Takeaways

Evergy reported Q2 2024 GAAP earnings of $207.0 million, or $0.90 per share, compared to $179.1 million, or $0.78 per share, for the second quarter 2023. Adjusted EPS (non-GAAP) was also $0.90, compared to $0.81 in 2023. The company reaffirmed its 2024 GAAP and adjusted EPS guidance of $3.73 to $3.93 and declared a quarterly dividend of $0.6425 per share.

GAAP EPS increased to $0.90, compared to $0.78 in the second quarter of 2023.

Adjusted EPS (Non-GAAP) rose to $0.90, compared to $0.81 in the prior year.

A quarterly dividend of $0.6425 per share was declared.

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

Total Revenue
$1.45B
Previous year: $1.35B
+7.2%
EPS
$0.9
Previous year: $0.81
+11.1%
Dividend per share
$0.643
Gross Profit
$475M
Previous year: $706M
-32.8%
Cash and Equivalents
$33.8M
Previous year: $31.4M
+7.6%
Free Cash Flow
-$360M
Previous year: -$224M
+60.6%
Total Assets
$31.8B
Previous year: $30.3B
+5.1%

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.