Press release
Evergy Announces 2024 Results, Declares Quarterly Dividend, Reaffirms 2025 Guidance
2024 GAAP EPS of $3.79, compared to $3.17 in 2023 2024 Adjusted EPS (non-GAAP) of $3.81, compared to $3.54 in 2023 Declares quarterly dividend of $0.6675 per
About this update from Evergy, Inc.
[{"type":"text","content":"\n\n2024 GAAP EPS of $3.79, compared to $3.17 in 2023\n\n\n\n2024 Adjusted EPS (non-GAAP) of $3.81, compared to $3.54 in 2023\n\n\n\nDeclares quarterly dividend of $0.6675 per share\n\n\n\nRaises 2025E-2029E capital investment plan to $17.5 billion\n\n\n\nReaffirms 2025 GAAP and Adjusted (non-GAAP) EPS guidance of $3.92 to $4.12\n\n\n\n KANSAS CITY, Mo.--(BUSINESS WIRE)--\nEvergy, Inc. (NASDAQ: EVRG) today announced full year 2024 GAAP earnings of $873.5 million, or $3.79 per share, compared to GAAP earnings of $731.3 million, or $3.17 per share, for the full year 2023. Fourth quarter 2024 GAAP earnings were $78.2 million, or $0.34 per share, compared to earnings of $58.0 million, or $0.25 per share, for the fourth quarter of 2023.\n\n\nEvergy’s full year 2024 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $877.9 million, or $3.81 per share, compared to $815.6 million, or $3.54 in 2023. Adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) are reconciled to GAAP earnings in the financial table included in this release.\n\n\nFourth quarter 2024 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $80.6 million and $0.35, respectively, compared to $61.1 million and $0.27, respectively, in fourth quarter 2023. Adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) are reconciled to GAAP earnings in the financial table included in this release.\n\n\nFull year 2024 adjusted earnings (non-GAAP) per share benefited from new retail rates, FERC regulated investments and growth in weather-normalized demand. These favorable results were partially offset by mild weather, higher depreciation and amortization expense, as well as higher operations and maintenance and interest expense.\n\n\n“Our financial results in 2024 were in line with expectations, thanks to the hard work of everyone on our team. Overcoming weather headwinds, we reported adjusted earnings per share (EPS) of $3.81 – within our guidance range of $3.73 to $3.93,” said David Campbell, chairman and chief executive officer.\n\n\n“2024 marked a turning point for our company, with the passage of House Bill 2527 in Kansas reflecting support for infrastructure investment to enable and advance economic development, and the unanimous settlement agreement in our Missouri West rate case demonstrating...