Press release
Evergy Announces Third Quarter 2025 Results, Increases Quarterly Dividend and Narrows 2025 Guidance
Third Quarter 2025 GAAP EPS of $2.03, compared to $2.02 in 2024 Third Quarter 2025 Adjusted EPS (non-GAAP) of $2.03, compared to $2.02 in 2024 Increases
About this update from Evergy, Inc.
[{"type":"text","content":"\n\nThird Quarter 2025 GAAP EPS of $2.03, compared to $2.02 in 2024\n\n\nThird Quarter 2025 Adjusted EPS (non-GAAP) of $2.03, compared to $2.02 in 2024\n\n\nIncreases quarterly dividend 4% to $0.6950 per share\n\n\nNarrows 2025 Adjusted (non-GAAP) EPS guidance to a range of $3.92 to $4.02\n\n\n KANSAS CITY, Mo.--(BUSINESS WIRE)--\nEvergy, Inc. (NASDAQ: EVRG) today announced third quarter 2025 GAAP earnings of $475.0 million, or $2.03 per share, compared to GAAP earnings of $465.6 million, or $2.02 per share, for the third quarter 2024.\n\nEvergy’s third quarter 2025 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $475.1 million, or $2.03 per share, compared to $465.6 million, or $2.02 in 2024. 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\nRelative to the same period in 2024, third quarter 2025 adjusted earnings (non-GAAP) per share were higher due primarily to recovery of regulated investments and growth in weather-normalized demand, partially offset by higher interest expense and depreciation expense.\n\n“With these results year-to-date, we are narrowing our 2025 adjusted EPS guidance range to $3.92 to $4.02, primarily due to the impact of cooler than normal summer weather,” said David Campbell, chairman and chief executive officer. “While we’ve implemented cost and mitigation actions across the business, these do not fully offset second and third quarter weather headwinds in what has otherwise been a strong year of regulatory and operational execution and advancing our strategic objectives. Our fundamental long-term outlook remains stronger than ever, bolstered by tailwinds from a generational economic development opportunity and the investment needed to enable it. We remain on track and are excited to share our updated growth outlook on our year-end earnings call in February.”\n\nEarnings Guidance\n\nThe Company narrows its 2025 adjusted EPS (non-GAAP) guidance range of $3.92 to $4.02 from its original 2025 adjusted EPS (non-GAAP) guidance range of $3.92 to $4.12. Additionally, the Company reaffirms its long-term adjusted EPS (non-GAAP) annual growth target of 4% to 6% through 2029 based on the 2025 adjusted EPS (non-GAAP) guidance midpoint of $4.02. The Company expects adjusted EPS growth...