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Evergy (EVRG)

Earnings summaries and quarterly performance for Evergy.

Recent press releases and 8-K filings for EVRG.

Evergy Kansas Central issues $300M 5.25% Series Mortgage Bonds
EVRG
Debt Issuance
  • On December 5, 2025, Evergy Kansas Central issued $300 million aggregate principal amount of its First Mortgage Bonds, 5.25% Series due 2035, under its Form S-3 shelf registration, representing a reopening of the series originally issued on March 13, 2025.
  • The bonds were sold through an Underwriting Agreement dated December 1, 2025 with BNY Mellon Capital Markets, Regions Securities, TD Securities (USA) and Wells Fargo Securities as joint representatives.
  • These bonds are secured by the company’s Base Mortgage Indenture dated July 1, 1939 (as amended and supplemented, including the Fifty-Third Supplemental (Reopening) Indenture) with The Bank of New York Mellon Trust Company, N.A. acting as trustee.
4 days ago
Evergy Kansas Central amends mortgage trust indenture
EVRG
Debt Issuance
  • On November 25, 2025, Evergy Kansas Central entered into the Fifty-Fourth Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A., amending its Mortgage and Deed of Trust dated July 1, 1939.
  • Because no bonds issued prior to January 1, 1997 remain outstanding, the prior 60% bondable ratio is no longer effective and the ratio reverts to 70% for issuing new first mortgage bonds.
  • The Indenture now allows release of mortgaged property under (i) a fair-value test ≥ 10/7 of aggregate outstanding bond principal or (ii) de minimis releases (< 0.5% of outstanding principal per 12 months).
  • Financial tests (net earnings and independent engineer’s certificate requirements) for issuing additional bonds, mergers, and certain property releases have been removed; nuclear fuel is added as bondable property and variable-rate bonds are permitted.
  • Provisions added for issuing substitute first mortgage bonds with equal-or-better ratings, deletion of certain default triggers (e.g., judgments > $100,000), and inclusion of a governing law clause.
Nov 25, 2025, 9:16 PM
Evergy reports Q3 2025 results and narrows guidance range
EVRG
Earnings
Guidance Update
New Projects/Investments
  • Q3 adjusted EPS of $2.03, up from $2.02 a year ago, and YTD EPS of $3.41 vs. 3.46; narrowed 2025 adjusted EPS guidance to $3.92–$4.02 and raised the annual dividend 4% to $2.78.
  • Operational reliability remains strong, with favorable force outage rates and SAIDI metrics, and the Wolf Creek nuclear unit producing approximately 1,200 MW of non-carbon energy.
  • Economic development pipeline exceeds 15 GW, highlighted by a 4–6 GW tier-one large-load opportunity and a 24 MW Lambda data center (scalable to 100 MW), with 1.2 GW peak demand anticipated and 500 MW online by 2029, supporting 2–3% (potentially 4–5%) load growth.
  • Regulatory progress includes a unanimous Kansas LLPS settlement expected to be approved today, and in Missouri, approvals for solar and gas projects plus a non-unanimous LLPS settlement with decision anticipated by year-end.
  • A $17.5 billion capital plan underpins 8.5% rate-base growth through 2029, with equity-content financing to maintain credit metrics; forecasts top-half of 4–6% EPS growth in 2026.
Nov 6, 2025, 2:00 PM
Evergy reports Q3 2025 results
EVRG
Earnings
Guidance Update
New Projects/Investments
  • Adjusted EPS of $2.03 in Q3 2025, up from $2.02 a year ago; YTD adjusted EPS of $3.41 vs. $3.46 last year, leading to a narrowed 2025 guidance of $3.92–$4.02 per share due to weather headwinds.
  • Declared a 4% dividend increase, raising the annualized rate to $2.78 per share, targeting a 60–70% payout ratio.
  • Highlighted an economic development pipeline of over 15 GW, including 4–6 GW of tier-one large customer load poised to drive 2–3% base demand growth with potential to increase to 4–5% through 2029.
  • Committed to a $17.5 billion five-year capital plan supporting 8.5% rate-base growth by 2029; plans up to $2.8 billion in equity financing, with large customer load expected to reduce equity needs.
  • Emphasized ongoing regulatory progress with a unanimous Kansas LLPS settlement expected decision on Nov. 6 and a Missouri LLPS decision by year-end; anticipates constructive rate case mechanisms to manage regulatory lag.
Nov 6, 2025, 2:00 PM
Evergy reports Q3 2025 results
EVRG
Earnings
Guidance Update
New Projects/Investments
  • Evergy delivered $2.03 adjusted EPS in Q3 2025, up from $2.02 a year ago; YTD adjusted EPS stood at $3.41 vs. $3.46, and the full-year guidance was narrowed to $3.92-$4.02 from $3.92-$4.12.
  • Weather-normalized demand grew 2% in Q3, driven by residential and commercial usage, including the Meta data center; local unemployment remains below the 4.3% U.S. average.
  • The economic development pipeline exceeds 15 GW, with a 4–6 GW tier-one large-customer opportunity; Lambda’s AI data center will launch with 24 MW in early 2026, scalable to 100 MW.
  • Regulatory progress includes pending approvals for large-load power service tariffs for customers >75 MW in Kansas and Missouri, and CCN settlements for new gas and solar projects.
  • Quarterly dividend increased 4% to an annualized $2.78 per share, targeting a 60–70% payout ratio.
Nov 6, 2025, 2:00 PM
Evergy reports Q3 2025 results
EVRG
Earnings
Guidance Update
Dividends
  • Evergy posted GAAP and adjusted EPS of $2.03 in Q3 2025, up from $2.02 in Q3 2024, driven by recovery of regulated investments and load growth, partially offset by higher interest expense and depreciation.
  • 2025 adjusted EPS guidance narrowed to $3.92–$4.02 (midpoint unchanged) after a $0.13 weather headwind and $0.02 incremental convertible dilution, offset by $0.10 of mitigation measures.
  • The board approved a 4% dividend increase to $2.78 per share, annualized.
  • Load growth outlook reaffirmed at 2–3% CAGR through 2029, supported by a 4–6 GW Tier 1 large customer pipeline, with a comprehensive update planned at year-end.
  • A $17.5 billion capital investment plan for 2025–2029 was outlined, with $2.8 billion of equity financing projected to fund growth.
Nov 6, 2025, 2:00 PM
Evergy announces Q3 2025 results and narrows guidance
EVRG
Earnings
Guidance Update
Dividends
  • Evergy reported Q3 2025 GAAP EPS of $2.03, up from $2.02 in Q3 2024.
  • Q3 2025 Adjusted EPS of $2.03, compared with $2.02 a year earlier.
  • The company increased its quarterly dividend by 4% to $0.6950 per share.
  • Evergy narrowed its 2025 adjusted EPS guidance to $3.92–$4.02 and reaffirmed a long-term annual growth target of 4–6%.
Nov 6, 2025, 12:00 PM
Evergy explores Natrium nuclear project in Kansas
EVRG
New Projects/Investments
  • Evergy, TerraPower and the Kansas Department of Commerce signed a memorandum of understanding to evaluate deploying TerraPower’s Natrium nuclear reactor and energy storage system in Evergy’s Kansas service territory.
  • The Natrium design pairs a 345-megawatt sodium-cooled fast reactor with molten-salt storage, boosting output to 500 MW during peak demand while sustaining steady base generation.
  • Evergy serves 1.7 million customers across Kansas and Missouri, with about half its generation from carbon-free sources and ranking among the largest U.S. wind energy providers.
  • TerraPower, partnered with GE Vernova Hitachi Nuclear Energy, recently secured $650 million in funding to advance Natrium technology; the first project broke ground in Wyoming in 2024.
Sep 23, 2025, 8:22 PM
Evergy Metro issues $400 M 5.125% Mortgage Bonds due 2035
EVRG
Debt Issuance
  • On August 15, 2025, Evergy Metro, Inc. issued $400 million aggregate principal amount of its 5.125% Mortgage Bonds, Series 2025 due 2035, under its shelf registration on Form S-3.
  • The bonds were sold pursuant to an Underwriting Agreement dated August 11, 2025, with BNY Mellon Capital Markets, Citigroup Global Markets, Goldman Sachs & Co. and J.P. Morgan Securities as representatives of the underwriters.
  • The bonds are secured by the company’s General Mortgage and Deed of Trust (originally dated December 1, 1986), as amended by the Twenty-second Supplemental Indenture dated August 15, 2025.
  • Included exhibits are the underwriting agreement, the supplemental indenture and the legal opinion of the company’s General Counsel confirming the bonds as valid and binding obligations.
Aug 15, 2025, 12:00 AM
Evergy Q1 2025 Earnings, Equity & Strategic Capital Update
EVRG
Earnings
Guidance
Dividends
Equity
Investments
  • Q1 2025 Earnings: Evergy reported earnings of $125.0 million and EPS of $0.54 per share (both GAAP and adjusted) amid challenging weather and industrial demand factors .
  • Dividend Declared: The company announced a quarterly dividend of $0.6675 per share, payable on June 20, 2025 .
  • EPS Guidance: Evergy reaffirmed its 2025 EPS guidance at $3.92–$4.12 per share (midpoint $4.02), reflecting strong operational fundamentals .
  • Equity Distribution Agreement: The company entered into an agreement to offer and sell shares of its common stock with a potential aggregate offering price of $1.2 billion; the proposed issuance is authorized, fully paid, and nonassessable .
  • Capital Plan: A $17.5 billion capital plan is underway through 2029 with a target FFO-to-debt ratio of approximately 15% and planned future equity issuances starting primarily in 2026 .
  • Regulatory Compliance: Key filings, including the Registration Statement and related legal documents, ensure compliance with GAAP and regulatory requirements for the equity offering .
  • Investment Outlook: Favorable legislative outcomes in Kansas and Missouri are driving incremental load growth and new projects, including data centers and additional megawatt capacity .
May 9, 2025, 12:00 AM