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Dec 31, 2024
Evergy Q4 2024 Earnings Report
Evergy's Q4 2024 earnings increased compared to the previous year, with GAAP EPS at $0.34 and adjusted EPS at $0.35. The company reaffirmed its 2025 earnings guidance and long-term growth target.
Key Takeaways
Evergy reported Q4 2024 GAAP earnings of $78.2 million, or $0.34 per share, compared to $58.0 million, or $0.25 per share, for Q4 2023. Adjusted earnings (non-GAAP) for Q4 2024 were $80.6 million, or $0.35 per share, compared to $61.1 million, or $0.27 per share, in Q4 2023. The company reaffirmed its 2025 GAAP and adjusted EPS guidance of $3.92 to $4.12.
Q4 2024 GAAP EPS was $0.34, compared to $0.25 in Q4 2023.
Q4 2024 adjusted EPS (non-GAAP) was $0.35, compared to $0.27 in Q4 2023.
The company reaffirmed its 2025 GAAP and adjusted EPS guidance of $3.92 to $4.12.
A quarterly dividend of $0.6675 per share was declared.
Forward Guidance
Evergy reaffirmed its 2025 GAAP EPS and adjusted EPS (non-GAAP) guidance range of $3.92 to $4.12. The Company expects adjusted EPS growth in the upper half of the 4% to 6% range beginning in 2026.
Positive Outlook
- Reaffirmed 2025 GAAP EPS guidance range of $3.92 to $4.12.
- Reaffirmed 2025 adjusted EPS (non-GAAP) guidance range of $3.92 to $4.12.
- Reaffirmed long-term adjusted EPS (non-GAAP) annual growth target of 4% to 6% through 2029.
- Expects adjusted EPS growth in the upper half of the 4% to 6% range beginning in 2026.
- Strong backlog for large customers evaluating Kansas and Missouri.
Challenges Ahead
- Mild weather partially offset favorable results.
- Higher depreciation and amortization expense.
- Higher operations and maintenance expense.
- Higher interest expense.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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