Evergy Q4 2022 Earnings Report
Key Takeaways
Evergy reported Q4 2022 GAAP earnings of $7.5 million, or $0.03 per share, compared to $53.4 million, or $0.23 per share, for Q4 2021. Adjusted earnings (non-GAAP) were $69 million, or $0.30 per share, compared to $33 million, or $0.14 per share, in Q4 2021. The company issued 2023 GAAP and adjusted EPS guidance of $3.55 to $3.75 and reaffirmed its long-term adjusted EPS growth target of 6% to 8% through 2025.
Q4 2022 GAAP earnings were $7.5 million, or $0.03 per share.
Q4 2022 adjusted earnings (non-GAAP) were $69 million, or $0.30 per share.
The company issued 2023 GAAP and adjusted EPS guidance of $3.55 to $3.75.
Evergy reaffirmed its long-term adjusted EPS growth target of 6% to 8% through 2025.
Evergy
Evergy
Forward Guidance
The Company issued its 2023 GAAP EPS guidance range of $3.55 to $3.75, along with its 2023 adjusted EPS (Non-GAAP) guidance range of $3.55 to $3.75. Additionally, the Company reaffirmed its long-term adjusted EPS (Non-GAAP) annual growth target of 6% to 8% through 2025 from the $3.30 midpoint of the original 2021 adjusted EPS (Non-GAAP) guidance range.
Positive Outlook
- 2023 GAAP EPS guidance range of $3.55 to $3.75
- 2023 adjusted EPS (Non-GAAP) guidance range of $3.55 to $3.75
- Reaffirmed long-term adjusted EPS (Non-GAAP) annual growth target of 6% to 8% through 2025
- Focus on operational excellence to provide savings
- Capital investment plan to modernize grid
Challenges Ahead
- Reliance on regulatory outcomes for rate reviews
- Exposure to weather-related demand fluctuations
- Dependence on wholesale electricity and natural gas markets
- Potential for physical and cybersecurity breaches
- Impact of changing expectations of stakeholders