EVRG 8-K Current Reports

Material AgreementsOther EventsExhibits & Filings

Evergy 8-K Report, Corporate Update (Sep 16, 2026)

Evergy, Inc. and its subsidiary Evergy Kansas Central, Inc. filed a combined Current Report on Form 8-K disclosing that on September 16, 2026, Evergy Kansas Central issued $350,000,000 aggregate principal amount of its First Mortgage Bonds, 5.600% Series due 2034 (the "Mortgage Bonds"). The bonds were issued under an Underwriting Agreement dated September 10, 2026, with PNC Capital Markets LLC, RBC Capital Markets, LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. acting as representatives of the several underwriters. The Mortgage Bonds were registered under the Securities Act of 1933 pursuant to Evergy Kansas Central's shelf registration statement on Form S-3 (333-281614-02). The filing is a debt financing disclosure under Item 8.01 (Other Events). It identifies the key transaction documents filed as exhibits, including the Underwriting Agreement, the Fifty-Sixth Supplemental Indenture dated September 16, 2026 with The Bank of New York Mellon Trust Company, N.A. as trustee, and a legal opinion of Heather A. Humphrey on the validity of the bonds. The filing does not state how the proceeds will be used. For investors, the filing confirms a $350 million fixed-rate senior secured debt issuance at the regulated utility subsidiary level, priced at a 5.600% coupon with a 2034 maturity. It does not include financial results or changes to guidance.

Sep 16, 2026 8-K

Evergy 8-K Report, Agreement Terminated (Aug 24, 2026)

Evergy, Inc. reported on Form 8-K that on August 24, 2026 it terminated its $500 million Term Loan Credit Agreement, dated February 11, 2026, with Wells Fargo Bank, N.A., as administrative agent. The loan was scheduled to mature February 10, 2027, and the Company states it incurred no early termination penalties. The same day, Evergy issued $600,000,000 in aggregate principal amount of 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057. The offering was made under an Underwriting Agreement dated August 17, 2026 with BofA Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC as representatives of the underwriters. The Notes were registered under a Form S-3 shelf registration statement filed August 16, 2024 (File No. 333-281614). The filing also includes Supplemental Indenture No. 5, dated August 24, 2026, to the Subordinated Indenture dated May 18, 2009 with The Bank of New York Mellon Trust Company, N.A., as trustee, along with legal opinions from Hunton Andrews Kurth LLP on the validity of the Notes and certain tax matters, filed for incorporation into the registration statement.

Aug 24, 2026 8-K

Material AgreementsFinancial EventsExhibits & Filings

Evergy 8-K Report, Financial Results (Aug 6, 2026)

Evergy, Inc. (NASDAQ: EVRG) reported second quarter 2026 GAAP earnings of $215.0 million, or $0.91 per share, compared to GAAP earnings of $171.3 million, or $0.74 per share, in the second quarter of 2025. Adjusted earnings (non-GAAP) were $208.5 million, or $0.88 per share, compared to $191.1 million, or $0.82 per share, a year earlier. Management attributed the year-over-year improvement in adjusted EPS to recovery of regulated investments, growth in weather-normalized demand and higher large customer revenues, partially offset by higher operations and maintenance expense and higher depreciation and amortization expense. The company reaffirmed its 2026 adjusted EPS guidance of $4.14 to $4.34 and its long-term adjusted EPS annual growth target of 6% to 8%+ through 2030, based on the 2026 guidance midpoint of $4.24. Management expects annual EPS growth to exceed 8% beginning in 2028 and through 2030. CEO David Campbell said large customer interest in Kansas and Missouri remains very strong and that the company expects to execute at least one more electric service agreement in 2026. The Board declared a quarterly dividend of $0.6950 per share, payable September 18, 2026 to shareholders of record as of August 18, 2026. The filing also covers Evergy Kansas Central, Inc. and Evergy Metro, Inc., which furnish information on their own behalf. The earnings release and related information are furnished under Items 2.02 and 7.01 and are not deemed filed for Section 18 purposes.

Aug 6, 2026 8-K

Evergy 8-K Report, Material Agreement (Jul 1, 2026)

Evergy, Inc., together with its subsidiaries Evergy Kansas Central, Inc. and Evergy Metro, Inc., filed this combined Current Report on Form 8-K to disclose a refinancing of its bank credit facilities. On June 30, 2026, Evergy, Evergy Missouri West, Inc., Evergy Metro and Evergy Kansas Central entered into a new Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent, and a syndicate of lenders. The new master revolving credit facility provides maximum borrowings of up to $3.5 billion outstanding at any time, with sublimits of $200 million for letters of credit and $250 million for swingline loans, and an option to increase commitments by up to an additional $1 billion. The facility matures on June 30, 2031, and the borrowers may extend it on up to two occasions for one-year terms, subject to lender participation. Concurrently with the new facility, the borrowers terminated the $2.5 billion Amended and Restated Credit Agreement dated August 31, 2021, which was scheduled to mature August 31, 2028. Evergy also terminated a $1 billion Delayed Draw Term Loan Credit Agreement dated May 5, 2026, whose commitments were due to expire August 10, 2026. The filing states that no early termination penalties were incurred in connection with these terminations. The new agreement includes customary covenants, including a maximum ratio of total indebtedness to total capitalization of 0.65 to 1.0 for Evergy Kansas Central, Evergy Metro and Evergy Missouri West, and 0.675 to 1.0 for Evergy. The filing also notes that the lenders and their affiliates have performed and may continue to perform investment banking, financial advisory, lending and commercial banking services for the companies, for which they receive customary compensation.

Jul 1, 2026 8-K

Evergy 8-K Report, Corporate Update (Jul 1, 2026)

Evergy, Inc. and its subsidiary Evergy Kansas Central, Inc. filed this combined Current Report on Form 8-K to disclose that on July 1, 2026, Evergy Kansas Central issued $350,000,000 aggregate principal amount of its First Mortgage Bonds, 5.300% Series due 2036 (the "Mortgage Bonds"). The bonds were sold under an Underwriting Agreement dated June 22, 2026 with Barclays Capital Inc., BNY Mellon Capital Markets, LLC, Goldman Sachs & Co. LLC and U.S. Bancorp Investments, Inc., as representatives of the underwriters, and were registered under the Securities Act of 1933 via a shelf registration statement on Form S-3 (333-281614-02) of Evergy Kansas Central. The filing is a financing disclosure under Item 8.01 (Other Events). It sets out the transaction documents filed as exhibits, including the Underwriting Agreement, the Fifty-Fifth Supplemental Indenture dated July 1, 2026 with The Bank of New York Mellon Trust Company, N.A. as trustee, and a legal opinion from Heather A. Humphrey on the validity of the bonds. The filing states that each registrant reports solely on its own behalf and makes no representation as to the other registrant's information. The filing does not disclose use of proceeds, pricing terms beyond the coupon, or any effect on Evergy's financial results. For investors, it is a routine debt issuance at the subsidiary level that adds $350 million of long-term secured debt to Evergy Kansas Central's capital structure.

Jul 1, 2026 8-K

Evergy 8-K Report, Financial Results (May 7, 2026)

Evergy, Inc. (NASDAQ: EVRG) reported first quarter 2026 GAAP earnings of $151.5 million, or $0.64 per share, compared with $125.0 million, or $0.54 per share, in the first quarter of 2025. Adjusted earnings (non-GAAP) were $161.8 million, or $0.69 per share, versus $127.8 million, or $0.55 per share, a year earlier. The company said adjusted EPS benefited from recovery of regulated investments, growth in weather-normalized demand, and higher large customer and other revenues. These gains were partially offset by mild winter weather, higher operations and maintenance expense, and higher depreciation and amortization expense. The filing also notes a $10.3 million pre-tax loss and fees tied to the repurchase of $244.1 million aggregate principal amount of convertible notes in the quarter, which Evergy excludes from adjusted results. Evergy reaffirmed its 2026 adjusted EPS guidance of $4.14 to $4.34, with a midpoint of $4.24, and reaffirmed a long-term adjusted EPS annual growth target of 6% to 8%+ through 2030. Management expects annual adjusted EPS growth to exceed 8% beginning in 2028 and continuing through 2030. The company also declared a quarterly dividend of $0.6950 per share, payable June 18, 2026, to shareholders of record as of May 22, 2026. On the large customer front, Evergy announced it signed its fifth large customer electric service agreement, for a project in its Kansas Central service territory. Service under the large load power service (LLPS) tariff begins in 2027. Management describes the LLPS framework as one in which new large customers pay a premium rate that covers their fair share of existing and new system costs.

May 7, 2026 8-K

Evergy 8-K Report, Corporate Update (Mar 10, 2026)

Evergy, Inc. issued $350,000,000 in aggregate principal amount of its 4.250% Notes due 2029 on March 10, 2026, under an Underwriting Agreement dated March 5, 2026 with BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., TD Securities (USA) LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as several underwriters. The Notes were registered under the Securities Act of 1933 pursuant to a Form S-3 registration statement filed with the SEC on August 16, 2024 (File No. 333-281614). In connection with the offering, the company entered into an Eighth Supplemental Indenture dated March 10, 2026 with The Bank of New York Mellon Trust Company, N.A., as trustee, which includes the form of global note. A legal opinion from Hunton Andrews Kurth LLP on the validity of the Notes is filed as Exhibit 5.1, with the firm's consent included in Exhibit 23.1. All listed exhibits are incorporated by reference into the Registration Statement. This filing is a routine debt issuance disclosure under Item 8.01 (Other Events). It reports the size, coupon and maturity of the Notes and the related documentation, but it does not disclose the use of proceeds, pricing details beyond the coupon, or any financial results.

Mar 10, 2026 8-K

Material AgreementsFinancial EventsExhibits & Filings

Evergy 8-K Report, Financial Results (Feb 19, 2026)

Evergy, Inc. (NASDAQ: EVRG), filing jointly with Evergy Kansas Central, Inc. and Evergy Metro, Inc., furnished a Form 8-K on February 19, 2026 containing its press release reporting fourth-quarter and full-year 2025 results, declaring a dividend, announcing large customer agreements, and establishing 2026 guidance. The information is furnished under Items 2.02 and 7.01 and is not deemed filed for Section 18 purposes. For full-year 2025, GAAP earnings were $855.6 million, or $3.66 per diluted share, compared to $873.5 million, or $3.79 per share, in 2024. Adjusted (non-GAAP) earnings were $893.8 million, or $3.83 per share, versus $877.9 million, or $3.81 per share, in 2024. Fourth-quarter 2025 GAAP earnings were $84.3 million, or $0.36 per share, and adjusted earnings were $99.8 million, or $0.42 per share. The company said 2025 adjusted EPS benefited from recovery of regulated investments and weather-normalized demand growth, partially offset by higher depreciation, operations and maintenance, and interest expense, and that weather was milder than normal. Chairman and CEO David Campbell cited the company's strongest reliability year since its formation and the approval of large load power service (LLPS) tariffs in Kansas and Missouri in the fourth quarter. Looking forward, Evergy issued 2026 adjusted EPS guidance of $4.14 to $4.34, a long-term adjusted EPS growth target of 6% to 8%+ through 2030, and expects adjusted EPS growth to exceed 8% beginning in 2028. It also introduced a 2026E-2030E capital investment plan of $21.6 billion and declared a quarterly dividend of $0.6950 per share, payable March 20, 2026 to holders of record as of March 10, 2026. The company signed electric service agreements for four large customer projects under the LLPS framework.

Feb 19, 2026 8-K

Evergy 8-K Report, Material Agreement (Feb 11, 2026)

Evergy, Inc. (EVRG) entered into a $500 million unsecured Term Loan Credit Agreement on February 11, 2026, with Wells Fargo Bank, National Association, as administrative agent and the lenders party thereto. The Term Loan Facility expires on February 10, 2027. Evergy expects to use the proceeds for, among other things, working capital, capital expenditures, permitted acquisitions and general corporate purposes, including repaying all borrowings under its $55 million unsecured Term Loan Credit Agreement dated January 7, 2026, with Bank of America, N.A. Concurrently with the new facility, Evergy terminated the Prior Term Loan Facility, which was due to expire on January 6, 2027. The filing states Evergy incurred no early termination penalties as a result of the termination. The new facility contains customary covenants, including a maximum ratio of total indebtedness to total capitalization of 0.65 to 1.00 for Evergy and its subsidiaries on a consolidated basis. The full agreement is filed as Exhibit 10.1.

Feb 11, 2026 8-K

Material AgreementsFinancial EventsOther Events+1

Evergy 8-K Report, Material Agreement (Jan 7, 2026)

On January 7, 2026, Evergy, Inc. entered into a $55 million unsecured Term Loan Credit Agreement with Bank of America, N.A., as lender. The facility expires on January 6, 2027, and Evergy expects proceeds to be used for, among other things, working capital, capital expenditures, permitted acquisitions and general corporate purposes. The agreement includes customary covenants, including a maximum ratio of total indebtedness to total capitalization of 0.65 to 1.00 on a consolidated basis. The same day, Evergy disclosed that it entered into separate, privately negotiated repurchase agreements with certain holders of its 4.50% Convertible Notes due 2027 to repurchase for cash approximately $244.1 million aggregate principal amount of the Notes, for a total repurchase cost including accrued and unpaid interest of approximately $302.5 million. The final cash price is subject to adjustment because part of the price is based on the daily volume-weighted average price of Evergy's common stock over an agreed measurement period beginning January 7, 2026. The repurchases are expected to close shortly after that period ends, subject to customary closing conditions. Approximately $1,155.9 million aggregate principal of the Notes will remain outstanding afterward. The Notes were initially convertible at 16.1809 shares per $1,000 principal amount, equivalent to an initial conversion price of approximately $61.80 per share. The filing notes that holders selling Notes may enter into or unwind derivatives or trade Evergy common stock to hedge their exposure, and the accompanying press release describes a convertible arbitrage strategy that may involve short positions in the stock being closed out in connection with the repurchases.

Jan 7, 2026 8-K

Evergy 8-K Report, Corporate Update (Dec 5, 2025)

Evergy, Inc. and its subsidiary Evergy Kansas Central, Inc. ("Evergy Kansas Central") filed this combined Current Report on Form 8-K to report that on December 5, 2025, Evergy Kansas Central issued $300,000,000 aggregate principal amount of its First Mortgage Bonds, 5.25% Series due 2035 (the "Mortgage Bonds"). The issuance was made under an Underwriting Agreement dated December 1, 2025 with BNY Mellon Capital Markets, LLC, Regions Securities LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein. The Mortgage Bonds are an additional issuance of Evergy Kansas Central's existing 5.25% First Mortgage Bonds due 2035, which were issued on March 13, 2025 in the same aggregate principal amount of $300,000,000. The new bonds will form a single series with those existing bonds. The Mortgage Bonds were registered under the Securities Act of 1933 pursuant to a shelf registration statement on Form S-3 (File No. 333-281614-02) of Evergy Kansas Central. The filing lists the related documents, including the Underwriting Agreement, the Fifty-Third Supplemental (Reopening) Indenture dated December 5, 2025 with The Bank of New York Mellon Trust Company, N.A. as trustee, and a legal opinion of Heather A. Humphrey regarding the validity of the bonds. The filing does not describe the use of proceeds or other financial terms beyond those stated above.

Dec 5, 2025 8-K

Evergy 8-K Report, Corporate Update (Nov 25, 2025)

Evergy, Inc. and its subsidiary Evergy Kansas Central, Inc. filed this combined Current Report on Form 8-K under Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits). 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., as trustee, amending its Mortgage and Deed of Trust dated July 1, 1939. The filing states that the amendments were reserved in the original indenture and do not require consent from holders of first mortgage bonds, because no bonds issued before the applicable dates remain outstanding. The supplemental indenture makes several changes to the bond-issuance, release-of-property, and default provisions of the indenture. It adds a release mechanism for mortgaged property when the fair value of the remaining trust estate equals or exceeds 10/7ths of outstanding first mortgage and prior lien bonds, and a fallback release for smaller property parcels capped at 1% of such bonds over any 12-month period. It also deletes several net earnings and financial tests, removes an independent engineer's certificate requirement, allows substitute first mortgage bonds rated at least as high as those they replace, removes a $100,000 final-judgment default trigger, adds nuclear fuel to property additions, permits variable rate bonds, and adds a governing law clause. The filing states that because no first mortgage bonds issued before January 1, 1997 remain outstanding, a prior amendment lapsed and the bondable-property ratio reverted to 70% from 60%. The description is qualified in full by Exhibit 4.1, which is incorporated by reference into Evergy Kansas Central's Form S-3 registration statement (No. 333-281614-02).

Nov 25, 2025 8-K

Evergy 8-K Report, Financial Results (Nov 6, 2025)

Evergy, Inc. (NASDAQ: EVRG) reported 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. Adjusted earnings (non-GAAP) were $475.1 million, or $2.03 per share, versus $465.6 million, or $2.02 per share a year earlier. Management attributed the year-over-year increase in adjusted EPS primarily to recovery of regulated investments and growth in weather-normalized demand, partially offset by higher interest expense and depreciation expense. The company narrowed its 2025 adjusted EPS guidance to $3.92 to $4.02, down from the original range of $3.92 to $4.12, citing the impact of cooler than normal summer weather. Management said cost and mitigation actions do not fully offset second and third quarter weather headwinds. It reaffirmed its long-term adjusted EPS growth target of 4% to 6% through 2029, based on the 2025 guidance midpoint of $4.02, and expects adjusted EPS growth in the upper half of that range beginning in 2026. The board declared a quarterly dividend increased 4% to $0.6950 per share, payable December 19, 2025 to shareholders of record as of November 21, 2025. The filing is a combined Form 8-K for Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc., furnishing the earnings press release (Exhibit 99.1) under Items 2.02 and 7.01 rather than filing it.

Nov 6, 2025 8-K

Evergy 8-K Report, Executive Changes (Sep 3, 2025)

Evergy, Inc. (EVRG), together with its subsidiaries Evergy Kansas Central, Inc. and Evergy Metro, Inc., filed this combined Current Report on Form 8-K on September 3, 2025. The report discloses a single executive compensation and leadership change under Item 5.02. On August 28, 2025, Evergy's Board of Directors elected Charles Caisley to serve as Executive Vice President, Utility Operations and Chief Customer Officer, effective October 1, 2025. He previously served as Evergy's Executive Vice President, Public Affairs and Chief Customer Officer. Mr. Caisley will hold the same positions at Evergy Kansas Central and Evergy Metro, as well as at the other main utilities in the Evergy group. In connection with his expanded responsibilities, Mr. Caisley will receive a grant of time-based restricted stock units with a grant date fair market value of $700,000, which vest on October 7, 2028. The filing contains no financial results or other financial metrics.

Sep 3, 2025 8-K

Evergy 8-K Report, Corporate Update (Aug 15, 2025)

Evergy, Inc. and its subsidiary Evergy Metro, Inc. (“Evergy Metro”) filed this combined Current Report on Form 8-K to disclose the issuance of debt. On August 15, 2025, Evergy Metro issued $400,000,000 aggregate principal amount of its 5.125% Mortgage Bonds, Series 2025 due 2035, under an Underwriting Agreement dated August 11, 2025 with BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters. The bonds were registered under the Securities Act of 1933 pursuant to a shelf registration statement on Form S-3 (333-281614-01) filed by Evergy Metro. In connection with the sale, Evergy Metro entered into several agreements, including the underwriting agreement, a Twenty-second Supplemental Indenture with UMB Bank, N.A. as trustee, and a legal opinion from its General Counsel, Heather A. Humphrey, which are filed as exhibits and incorporated by reference into the registration statement. For investors, the filing's core information is a $400 million long-term debt issuance by the utility subsidiary at a 5.125% coupon with a 2035 maturity. The filing does not discuss use of proceeds, pricing terms beyond the coupon, or the company's financial results.

Aug 15, 2025 8-K

Material AgreementsExhibits & Filings

Evergy 8-K Report, Financial Results (Aug 7, 2025)

Evergy, Inc. (NASDAQ: EVRG) furnished a combined Form 8-K on August 7, 2025, together with its co-registrants Evergy Kansas Central, Inc. and Evergy Metro, Inc., attaching a press release announcing second quarter 2025 results, declaring a quarterly dividend, and reaffirming 2025 guidance. The information is furnished under Items 2.02 and 7.01 and is not deemed filed for Section 18 purposes. Second quarter 2025 GAAP earnings were $171.3 million, or $0.74 per share, compared with $207.0 million, or $0.90 per share, in the second quarter of 2024. Adjusted (non-GAAP) earnings were $191.1 million, or $0.82 per share, compared with $0.90 per share a year earlier. The company attributed the year-over-year decline in adjusted EPS to milder weather, which produced a 26% decrease in cooling degree days, higher operations and maintenance expense, and higher interest and depreciation, partly offset by recovery of regulated investments and growth in weather-normalized electricity demand. Evergy reaffirmed its 2025 adjusted EPS guidance of $3.92 to $4.12 and its long-term adjusted EPS growth target of 4% to 6% through 2029, based on a guidance midpoint of $4.02. The company expects adjusted EPS growth in the upper half of that range beginning in 2026. Management also highlighted a unanimous settlement agreement in its Kansas Central rate case, which remains subject to Kansas Corporation Commission approval, and approvals for new natural gas and solar projects in Kansas and Missouri. The board declared a quarterly dividend of $0.6675 per share, payable September 19, 2025, to shareholders of record as of August 22, 2025. For the year to date through June 30, 2025, GAAP earnings were $296.3 million, or $1.28 per share, and adjusted earnings were $318.9 million, or $1.37 per share, compared with $331.7 million, or $1.44 per share, in the prior-year period. The adjustments relate to unrealized and impairment losses on non-regulated investments in early-stage clean energy companies, which Evergy has begun to dispose of, and in 2024 to mark-to-market impacts of hedges tied to its share of the Jeffrey Energy Center.

Aug 7, 2025 8-K

Evergy 8-K Report, Material Agreement (May 9, 2025)

On May 8, 2025, Evergy, Inc. entered into an equity distribution agreement with ten banks and broker-dealers acting as sales agents, forward purchasers, and forward sellers, covering the offering from time to time of shares of its common stock, without par value, with an aggregate offering price of up to $1,200,000,000. The shares, including those that may be sold under forward sale agreements, will be offered under the company's automatic shelf registration statement on Form S-3 filed August 16, 2024. Each sales agent is entitled to a commission of up to 2% of gross offering proceeds for shares it sells, and the forward sellers receive a commission of up to 2% of the gross sales price of borrowed shares sold during the forward hedge selling period. The company has no obligation to sell any shares and may suspend offers at any time. It will not initially receive proceeds from shares sold by a forward seller; it expects to receive proceeds only upon physical settlement of a forward agreement on or before its maturity date. Cash or net share settlement could result in no proceeds or in the company owing cash or shares to the forward purchaser. The company intends to use any net proceeds for general corporate purposes, which may include investment in its subsidiaries. The filing also includes the Equity Distribution Agreement and an opinion of counsel, Heather A. Humphrey, Esq., as exhibits.

May 9, 2025 8-K

Leadership ChangesExhibits & Filings

Evergy 8-K Report, Financial Results (May 8, 2025)

Evergy, Inc. (NASDAQ: EVRG), together with its subsidiaries Evergy Kansas Central, Inc. and Evergy Metro, Inc., furnished this combined Form 8-K on May 8, 2025 to report first quarter 2025 results and related guidance. Evergy reported first quarter 2025 GAAP earnings of $125.0 million, or $0.54 per share, compared to GAAP earnings of $122.7 million, or $0.53 per share, in the first quarter of 2024. Adjusted earnings (non-GAAP) were $125.0 million, or $0.54 per share, versus $124.7 million, or $0.54 per share, a year earlier. The company attributed the adjusted EPS result to recovery of regulated investments, partially offset by lower demand from an unplanned customer maintenance shutdown, the leap year effect in the prior-year period, higher interest expense and higher depreciation and amortization expense. Evergy reaffirmed its 2025 GAAP and adjusted EPS guidance of $3.92 to $4.12 and its long-term adjusted EPS growth target of 4% to 6% through 2029, based on a 2025 guidance midpoint of $4.02. The company expects adjusted EPS growth in the upper half of that range beginning in 2026. It also declared a quarterly dividend of $0.6675 per share, payable June 20, 2025 to shareholders of record as of May 23, 2025. Management highlighted legislative and regulatory progress, including Missouri Senate Bill 4, signed into law on April 9, Kansas Senate Bill 98 supporting large data center customers, and House Bill 2107 addressing critical infrastructure investment and wildfire risk. Chairman and CEO David Campbell also cited filed settlements for new Kansas natural gas plants and a solar farm, and said the backlog of large customers evaluating Kansas and Missouri is among the most robust in the country, with announcements expected later in the year.

May 8, 2025 8-K

Evergy 8-K Report, Executive Changes (Mar 27, 2025)

Evergy, Inc. (EVRG), together with its subsidiaries Evergy Kansas Central, Inc. and Evergy Metro, Inc., filed this combined Current Report on Form 8-K on March 27, 2025. The filing is limited to executive compensation and officer appointment matters under Item 5.02 and the filing of one exhibit under Item 9.01. It does not report financial results, earnings, or guidance. The central disclosure is the promotion of Matt Gummig, previously Interim Controller and Chief Accounting Officer since December 1, 2024, to Vice President, Chief Accounting Officer and principal accounting officer of Evergy, effective April 2, 2025. The Evergy Board of Directors approved the election on March 24, 2025. He will hold the same positions at Evergy Kansas Central, Evergy Metro and the other main utilities in the Evergy group, without separate compensation for his subsidiary roles. His compensation package, set out in an offer letter dated March 21, 2025, includes an annual base salary of $240,000, an initial annual incentive target of 40% of base salary, an initial long-term incentive target grant date award of 50% of base salary, and time-based restricted stock units with a grant date fair market value of $100,000 that vest on the third anniversary of the grant date. He is also eligible for Evergy's change-in-control severance agreement and Executive Severance Plan, and has an existing indemnification agreement.

Mar 27, 2025 8-K

Evergy 8-K Report, Corporate Update (Mar 13, 2025)

Evergy, Inc. and its subsidiary Evergy Kansas Central, Inc. ('Evergy Kansas Central') filed this combined Current Report on Form 8-K to disclose debt issuances completed on March 13, 2025. Under an Underwriting Agreement dated March 6, 2025, Evergy Kansas Central issued $300,000,000 aggregate principal amount of First Mortgage Bonds, 5.25% Series due 2035. On the same date, it also issued $300,000,000 aggregate principal amount of 4.70% Notes due 2028 under a separate Underwriting Agreement with the same group of underwriters. Both securities were registered under the Securities Act of 1933 pursuant to a shelf registration statement on Form S-3 (File No. 333-281614-02) filed by Evergy Kansas Central. The filing states that Evergy Kansas Central entered into several related agreements and instruments in connection with the sales, which are filed as exhibits and incorporated by reference into the registration statement. The exhibits include the underwriting agreements, supplemental indentures with The Bank of New York Mellon Trust Company, N.A. as trustee, legal opinions on the validity of the bonds and notes, consents, and the Inline XBRL cover page file. The filing does not disclose use of proceeds or other terms beyond the principal amounts, rates, and maturities.

Mar 13, 2025 8-K

Evergy 8-K Report, Financial Results (Feb 27, 2025)

Evergy, Inc. (NASDAQ: EVRG), together with its subsidiaries Evergy Kansas Central, Inc. and Evergy Metro, Inc., furnished a combined Form 8-K on February 27, 2025 announcing fourth-quarter and full-year 2024 results, declaring a quarterly dividend, and furnishing 2025 earnings guidance via Exhibit 99.1. The company reported 2024 GAAP net income of $873.5 million, or $3.79 per diluted share, compared with $731.3 million, or $3.17 per share, in 2023. Adjusted (non-GAAP) earnings for 2024 were $877.9 million, or $3.81 per share, compared with $815.6 million, or $3.54 per share, in 2023. Management attributed the full-year adjusted EPS results to new retail rates, FERC-regulated investments and growth in weather-normalized demand, partly offset by mild weather, higher depreciation and amortization, operations and maintenance expense and interest expense. Evergy reaffirmed its 2025 GAAP and adjusted EPS guidance of $3.92 to $4.12, with a midpoint of $4.02, and its long-term adjusted EPS growth target of 4% to 6% through 2029, expecting growth in the upper half of that range beginning in 2026. The company raised its 2025E-2029E capital investment plan to $17.5 billion and declared a quarterly dividend of $0.6675 per share, payable March 21, 2025 to shareholders of record as of March 10, 2025. Management also said it is in advanced negotiations with two large data center customers within a more than 10-gigawatt project pipeline. The information is furnished under Items 2.02 and 7.01 and is not deemed filed for purposes of Section 18 of the Exchange Act.

Feb 27, 2025 8-K

Evergy 8-K Report, Corporate Update (Dec 5, 2024)

On December 5, 2024, Evergy, Inc. issued $500,000,000 in aggregate principal amount of its 6.65% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055. The notes were sold under an underwriting agreement dated December 2, 2024 with BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC, as representatives of the underwriters. The notes were registered under the company's Form S-3 registration statement filed August 16, 2024 (File No. 333-281614). The notes were issued under Supplemental Indenture No. 4, dated December 5, 2024, to the Subordinated Indenture dated May 18, 2009. The indenture runs between Evergy, Inc., as successor to Great Plains Energy Incorporated, and The Bank of New York Mellon Trust Company, N.A., as trustee. The filing lists the underwriting agreement, supplemental indenture, form of global note, and legal opinions on the validity of the notes and on certain tax matters from Hunton Andrews Kurth LLP as exhibits. The filing is a debt issuance disclosure under Item 8.01 and does not describe the use of proceeds or any other financial results.

Dec 5, 2024 8-K

Evergy 8-K Report, Executive Changes (Nov 8, 2024)

This combined Form 8-K from Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. reports two executive leadership changes under Item 5.02. Steven P. Busser, Vice President and Chief Accounting Officer, notified the Evergy Companies on November 4, 2024 that he will retire effective December 1, 2024. His retirement is stated not to result from any disagreement on operations, policies, practices or accounting matters. Matt Gummig, Director of External Reporting, Policy and Property Accounting, will serve as Interim Controller and Chief Accounting Officer and principal accounting officer while the company searches for a permanent replacement. Gummig will receive two $25,000 cash retention payments, payable in December 2024 and April 2025, and time-based restricted stock units with a grant date fair market value of $150,000 that vest in three equal tranches on December 1, 2025, 2026 and 2027. The filing also reports that Kevin E. Bryant, Executive Vice President and Chief Operating Officer, has been named Executive Vice President of Corporate Initiatives, working directly with Chairman, President and CEO David A. Campbell. Bryant will depart the company on December 31, 2024, and the filing states this departure is not the result of any disagreement with the company. Bryant is entitled to severance benefits under the Executive Severance Plan, contingent on his execution and non-revocation of a general release of claims. The Evergy Companies state they are not currently planning to fill the Chief Operating Officer role. For investors, the filing describes planned management transitions in accounting leadership and operations rather than changes to financial results or guidance. The filing does not contain financial results, and the filing's other disclosures concern routine indemnification and severance arrangements previously filed with the SEC.

Nov 8, 2024 8-K

Leadership ChangesRegulation FDExhibits & Filings

Evergy 8-K Report, Financial Results (Nov 7, 2024)

Evergy, Inc. (NASDAQ: EVRG) filed a combined Form 8-K on November 7, 2024, together with its subsidiaries Evergy Kansas Central, Inc. and Evergy Metro, Inc., furnishing a press release announcing third quarter 2024 results (Exhibit 99.1). Third quarter 2024 GAAP net income attributable to Evergy was $465.6 million, or $2.02 per diluted share, compared with $351.6 million, or $1.53 per share, in the third quarter of 2023. Adjusted (non-GAAP) earnings were $465.6 million, or $2.02 per share, versus $432.3 million, or $1.88 per share, a year earlier. Management attributed the higher adjusted EPS mainly to new retail rates, FERC regulated investments and growth in weather-normalized demand, partially offset by cooler summer weather and higher depreciation and amortization expense. The release reaffirms 2024 GAAP and adjusted EPS guidance of $3.73 to $3.93 and establishes 2025 guidance of $3.92 to $4.12. Evergy also introduced a 2025E-2029E capital investment plan of $16.2 billion, and management expects long-term adjusted EPS growth in the upper half of a 4% to 6% range starting in 2026. The board declared a quarterly dividend of $0.6675 per share, an increase of 4%, payable December 20, 2024 to holders of record as of November 21, 2024. CEO David Campbell highlighted a unanimous settlement agreement in the Missouri West rate case, which still requires Missouri Public Service Commission approval, and the announced sites of two 705-megawatt combined-cycle natural gas plants in Kansas and Missouri. The 2024 and 2025 guidance and the capital plan are furnished under Regulation FD and are not deemed filed for Exchange Act purposes.

Nov 7, 2024 8-K

Evergy 8-K Report, Executive Changes (Sep 24, 2024)

Evergy, Inc. (NASDAQ: EVRG) filed this Form 8-K to report two Board of Directors appointments made on September 20, 2024. Dean Newton, 54, will join the Board effective October 15, 2024, serving on the Operations Committee, and Jon Rolph, 45, will join effective January 1, 2025, serving on the Finance Committee. Both were determined by the Board to be independent under Nasdaq and Evergy's director independence standards. Each will be compensated consistent with Evergy's other non-employee directors and will enter into the company's standard indemnification agreement. Newton is President and CEO of Delta Dental of Kansas, a nonprofit dental insurance corporation, and chair and CEO of Surency Life & Health Insurance Co., a subsidiary. Rolph is CEO of Thrive Restaurant Group, which owns and operates over 190 restaurants. Per the filing's press release, Evergy's chairman, president and CEO David Campbell said the appointments reflect a focus on regional expertise, tied to the company's strategy around economic development in its service territory. The filing does not disclose financial results or changes to guidance. The appointments are governance changes that expand the Board's regional business experience, and the filing furnishes the related press release under Item 7.01 rather than filing it.

Sep 24, 2024 8-K

Leadership ChangesRegulation FDExhibits & Filings

Evergy 8-K Report, Executive Changes (Aug 26, 2024)

Evergy, Inc. (NASDAQ: EVRG) filed a combined Form 8-K on August 26, 2024, on behalf of Evergy, Inc., Evergy Kansas Central, Inc., and Evergy Metro, Inc. The filing announces the appointment of W. Bryan Buckler as Executive Vice President and Chief Financial Officer of Evergy and as Chief Financial Officer of the Evergy Companies, effective with an expected start date of October 1, 2024. Buckler, 51, joins from OGE Energy Corp., where he served as CFO since January 2021, and previously spent more than 14 years at Duke Energy Corporation in finance roles, most recently as Vice President of Investor Relations. The press release notes his responsibilities will include treasury, accounting, planning, tax, internal audit, capital allocation and investor relations. Geoffrey T. Ley, who has been acting CFO, will return to his prior roles of Vice President, Corporate Planning and Treasurer, and will serve as acting CFO until September 30, 2024. Chairman and CEO David Campbell praised Buckler's record as a CFO and his experience across accounting, treasury, financial planning and analysis, and investor relations. The compensation package in the offer letter (dated August 18, 2024) includes an annual base salary of $660,000, an initial annual incentive target of 80% of base salary, and an initial long-term incentive target grant date award of 225% of base salary. To induce his acceptance and partly replace forfeited compensation, Buckler will receive time-based RSUs with a grant date fair market value of $1.8 million and performance-based RSUs with a grant date fair market value of $1.2 million, plus up to $100,000 in reimbursement for housing and transportation expenses through September 30, 2025.

Aug 26, 2024 8-K

Leadership ChangesRegulation FDExhibits & Filings

Evergy 8-K Report, Financial Results (Aug 9, 2024)

Evergy, Inc. (NASDAQ: EVRG) furnished this combined Form 8-K, filed jointly with Evergy Kansas Central, Inc. and Evergy Metro, Inc., to report its second quarter 2024 results (quarter ended June 30, 2024), declare a quarterly dividend, and reaffirm 2024 guidance. Evergy reported second quarter 2024 GAAP earnings of $207.0 million, or $0.90 per diluted share, compared with $179.1 million, or $0.78 per share, in the second quarter of 2023. Adjusted (non-GAAP) earnings were also $207.0 million, or $0.90 per share, versus $186.1 million, or $0.81 per share, a year earlier. Management attributed the year-over-year improvement in adjusted EPS mainly to warmer than normal weather, growth in weather-normalized demand, new retail rates and higher transmission margin, partially offset by higher operation and maintenance, depreciation and amortization, and interest expense. Year to date through June 30, 2024, GAAP net income attributable to Evergy was $329.7 million, or $1.43 per diluted share, and adjusted earnings were $331.7 million, or $1.44 per share, compared with adjusted earnings of $322.2 million, or $1.40 per share, in the prior-year period. Evergy reaffirmed its 2024 GAAP and adjusted EPS guidance range of $3.73 to $3.93 and its long-term adjusted EPS annual growth target of 4% to 6% through 2026, measured off the original $3.65 midpoint of 2023 adjusted EPS guidance. The Board declared a quarterly common dividend of $0.6425 per share, payable September 20, 2024 to shareholders of record as of August 20, 2024. Chairman and CEO David Campbell said the economic development pipeline in Kansas and Missouri remains robust, citing the Panasonic EV battery plant and Meta and Google data centers as examples. The earnings and guidance information is furnished under Items 2.02 and 7.01 and is not deemed filed for Section 18 purposes.

Aug 9, 2024 8-K

Evergy 8-K Report, Executive Changes (Jun 10, 2024)

Evergy, Inc. (NASDAQ: EVRG) disclosed in a combined Form 8-K filed with Evergy Kansas Central, Inc. and Evergy Metro, Inc. that Executive Vice President and Chief Financial Officer Kirkland B. Andrews resigned, effective June 21, 2024. The filing states that his resignation was not the result of any disagreement with the company on its operations, policies, or practices. Andrews is leaving to become CFO at Consolidated Edison, Inc., according to the accompanying press release. The Evergy Companies' Boards appointed Geoffrey T. Ley, currently Vice President, Corporate Planning and Treasurer, as Vice President, Acting Chief Financial Officer and Treasurer, and designated him principal financial officer effective June 21, 2024. Ley, age 50, previously served as CFO of Hunt Refining Company and held treasury and corporate finance roles at InfraREIT, Hunt Utility Services, Energy Future Holdings, and TXU. The company will conduct an internal and external search for a permanent CFO while Ley serves in the acting role. For compensation, Ley keeps his current annual base salary of $344,000 and his incentive targets, and will receive cash retention payments of $50,000 (payable June 21, 2024) and $175,000 (payable March 15, 2025), plus restricted stock units valued at $250,000 vesting in three equal annual installments. The filing is furnished under Item 7.01 and is not deemed filed for Section 18 purposes.

Jun 10, 2024 8-K

Evergy 8-K Report, Financial Results (May 9, 2024)

Evergy, Inc. (NASDAQ: EVRG) furnished this combined Form 8-K, filed on behalf of Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc., announcing first quarter 2024 results, declaring a quarterly dividend and reaffirming 2024 guidance. The company reported first quarter 2024 GAAP earnings of $122.7 million, or $0.53 per diluted share, versus $142.6 million, or $0.62 per share, in the first quarter of 2023. Adjusted (non-GAAP) earnings were $124.7 million, or $0.54 per share, compared with $136.1 million, or $0.59 per share, a year earlier. Management attributed the year-over-year decline in adjusted EPS to higher operation and maintenance expense, higher depreciation and amortization expense and higher interest expense, partially offset by new retail rates and transmission margin. The filing states that mild winter weather reduced earnings by an estimated $(0.07) per share relative to normal weather. Management reaffirmed 2024 GAAP and adjusted EPS guidance of $3.73 to $3.93 and a long-term adjusted EPS annual growth target of 4% to 6% through 2026, measured off the original $3.65 midpoint of 2023 adjusted EPS guidance. The board declared a quarterly dividend of $0.6425 per share, payable June 20, 2024 to shareholders of record as of May 20, 2024. The filing also notes that Governor Laura Kelly signed Kansas House Bill 2527 on April 18, which the company says enhances the state's regulatory framework and supports new economic development in Kansas. The information is furnished under Items 2.02 and 7.01 and is not deemed filed for purposes of Section 18 of the Exchange Act. The full results are contained in Exhibit 99.1, a press release that also includes the GAAP to non-GAAP reconciliation and the 2024 guidance reconciliation.

May 9, 2024 8-K

Evergy 8-K Report, Corporate Update (Apr 5, 2024)

Evergy, Inc. and its subsidiary Evergy Metro, Inc. filed this combined Current Report on Form 8-K to disclose that on April 5, 2024, Evergy Metro issued $300,000,000 aggregate principal amount of its 5.40% Mortgage Bonds, Series 2024 due 2034. The bonds were issued under an Underwriting Agreement dated April 1, 2024 with MUFG Securities Americas Inc., PNC Capital Markets LLC, Regions Securities LLC and Truist Securities, Inc. acting as representatives of the underwriters, and were registered under the Securities Act of 1933 pursuant to a shelf registration statement on Form S-3 (333-259245-01) of Evergy Metro. The filing reports the debt issuance as an Item 8.01 (Other Events) disclosure. In connection with the sale, Evergy Metro entered into the agreements and instruments listed as exhibits, including the Twenty-first Supplemental Indenture dated April 5, 2024 with UMB Bank, N.A. as trustee, and a legal opinion from Heather A. Humphrey, Senior Vice President, General Counsel and Corporate Secretary. These exhibits are incorporated by reference into the registration statement. For investors, the key takeaway is the new $300 million, 10-year fixed-rate secured debt issuance by the utility subsidiary, carrying a 5.40% coupon. The filing itself does not describe the use of proceeds or other financial effects of the offering.

Apr 5, 2024 8-K

Evergy 8-K Report, Executive Changes (Mar 8, 2024)

Evergy, Inc. filed this Form 8-K on March 8, 2024 under Item 5.02, reporting a board leadership change. Mark A. Ruelle notified the company on March 6, 2024 that he will not stand for re-election to the Board of Directors at the 2024 annual meeting of shareholders. He will retire from the Board and from his role as Chairman effective at the end of his term on May 7, 2024. The filing states that Ruelle's decision was not the result of any disagreement with the company on matters relating to its operations, policies, or practices. The company said it wished to express appreciation for more than 30 years of his service. Ruelle intends to remain Chairman and a member of the Nuclear, Power Supply, and Environmental Committee through the May 2024 annual shareholder meeting. David Campbell, the company's President, Chief Executive Officer and a current Board member, will become Chairman of the Board effective May 7, 2024. For investors, the filing shows a planned, orderly transition in which the CEO also assumes the Chairman role.

Mar 8, 2024 8-K

Corporate ChangesExhibits & Filings

Evergy 8-K Report, Financial Results (Feb 29, 2024)

Evergy, Inc. (NASDAQ: EVRG) reported full-year 2023 GAAP earnings of $731.3 million, or $3.17 per diluted share, compared with $752.7 million, or $3.27 per share, in 2022. Adjusted (non-GAAP) earnings were $815.6 million, or $3.54 per share, versus $853.8 million, or $3.71 per share, in 2022. For the fourth quarter, GAAP earnings were $58.0 million, or $0.25 per share, compared with $7.5 million, or $0.03 per share, a year earlier, and adjusted earnings were $61.1 million, or $0.27 per share, versus $68.6 million, or $0.30 per share. Management cited higher interest rates, regulatory lag and mild end-of-year weather as headwinds, partly offset by cost management that reduced adjusted O&M by 12% relative to 2022. The company issued 2024 GAAP and adjusted EPS guidance of $3.73 to $3.93, reaffirmed its long-term adjusted EPS growth target of 4% to 6% through 2026 off the original $3.65 midpoint of 2023 adjusted EPS guidance, and updated its five-year capital investment plan to $12.5 billion for 2024 through 2028. The board declared a quarterly dividend of $0.6425 per share, payable March 22, 2024, to holders of record as of March 11, 2024. The filing is a combined Form 8-K for Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc., furnishing the earnings press release (Exhibit 99.1) under Items 2.02 and 7.01. The information is furnished rather than filed, so it is not subject to Section 18 liabilities.

Feb 29, 2024 8-K

Evergy 8-K Report, Bylaw Amendment (Dec 14, 2023)

Evergy, Inc. filed this Form 8-K on December 14, 2023 under Item 5.03 (Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year) to report that its Board of Directors amended and restated the Amended and Restated By-laws on December 13, 2023, effective the same day. The filing describes the changes as largely technical, clarifying, and conforming in nature, and it does not report any financial results, financial figures, or changes to the company's fiscal year. The substantive governance changes include clarifying the definition of "Net Long Shares" to align with Rule 14e-4 under the Securities Exchange Act of 1934; clarifying that each outstanding share of preference stock, if any, carries the voting rights set out in the Articles of Incorporation or designated by the Board; and specifying that shares represented by a proxy that abstain, withhold, or give voting instructions on at least one matter, or that state how shares will be voted absent instruction, are deemed represented for quorum purposes. The amendments also add a severability (construction) clause and an interpretation clause making Board good-faith interpretations of the By-laws conclusive and binding. The filing lists the amended By-laws as Exhibit 3.1, incorporated by reference, and the Inline XBRL cover page as Exhibit 104. For investors, the filing signals routine corporate housekeeping rather than a change to shareholder economics, capital structure, or business strategy.

Dec 14, 2023 8-K

Financial EventsSecurities & ListingExhibits & Filings

Evergy 8-K Report, Financial Obligation (Dec 7, 2023)

On December 7, 2023, Evergy, Inc. completed the sale of $1,400,000,000 aggregate principal amount of 4.50% Convertible Notes due 2027, including an additional $200,000,000 issued upon full exercise of the initial purchasers' option. The notes were sold in a private offering to qualified institutional buyers under Rule 144A, under a purchase agreement dated December 4, 2023, and an indenture dated December 7, 2023 with The Bank of New York Mellon Trust Company, N.A., as trustee. Interest is payable semi-annually on June 15 and December 15, beginning June 15, 2024, and the notes mature on December 15, 2027 unless earlier converted or repurchased. The initial conversion rate is 16.1809 shares of common stock per $1,000 principal amount, equivalent to an initial conversion price of approximately $61.80 per share. The filing states this represents a premium of approximately 22.5% over $50.45, the last reported sale price on December 4, 2023. Conversions may be settled in cash up to the principal amount, with the remainder settled in cash, shares, or a combination at the company's election. The company may not redeem the notes before maturity. Maximum initial shares issuable on conversion are 27,750,240, subject to anti-dilution adjustments. The notes are senior unsecured obligations, equal in right of payment with existing and future senior unsecured debt, and senior to subordinated debt. They are effectively subordinated to future secured debt and structurally subordinated to all liabilities of subsidiaries, which do not guarantee the notes. Holders may require repurchase at 100% of principal plus accrued interest upon a fundamental change, and a make-whole conversion rate increase may apply in certain Make-Whole Fundamental Change circumstances.

Dec 7, 2023 8-K

Evergy 8-K Report, Corporate Update (Dec 5, 2023)

Evergy, Inc. (NASDAQ: EVRG) reported in an 8-K dated December 5, 2023 that it issued a press release announcing the upsizing and pricing of a private placement of $1,200,000,000 aggregate principal amount of 4.50% Convertible Notes due 2027, an upsize of $100 million over the previously announced offering size. The notes are senior unsecured obligations, pay interest semiannually on June 15 and December 15 beginning June 15, 2024, and mature December 15, 2027 unless earlier repurchased or converted. The sale to the initial purchasers is expected to settle on or about December 7, 2023, with expected net proceeds of approximately $1,180.9 million, assuming no exercise of the initial purchasers' option to buy up to an additional $200,000,000 of notes. The initial conversion rate is 16.1809 shares of common stock per $1,000 principal amount, equivalent to an initial conversion price of approximately $61.80 per share. That price represents a premium of approximately 22.5% over the $50.45 last reported sale price on December 4, 2023. Holders may convert before September 15, 2027 only upon specified events and during certain periods, and at any time thereafter until the business day before maturity. Evergy will settle conversions by paying cash up to the principal amount, with the excess paid in cash, shares, or a combination at its election. The company may not redeem the notes before maturity. The company intends to use the net proceeds to repay the $500 million outstanding under its unsecured term loan facility due 2024, to repay a portion of its commercial paper borrowings, and for general corporate purposes. The notes and underlying shares have not been registered under the Securities Act and are offered only to qualified institutional buyers under Rule 144A.

Dec 5, 2023 8-K

Evergy 8-K Report, Corporate Update (Dec 4, 2023)

Evergy, Inc. (NASDAQ: EVRG) filed this Current Report on Form 8-K disclosing two items. First, on November 29, 2023, Evergy, Wells Fargo Bank, National Association, as administrative agent, and the lenders entered into a Second Amendment to its $500 million unsecured Term Loan Credit Agreement dated February 25, 2022. The amendment clarifies that payments due as a result of a conversion of a convertible note would not constitute an event of default under the Term Loan Facility. Second, on December 4, 2023, Evergy announced its intention to offer, subject to market conditions, $1,100,000,000 aggregate principal amount of convertible notes due 2027 in a private placement to qualified institutional buyers under Rule 144A. The initial purchasers are also expected to have an option to buy up to an additional $200,000,000 of the notes within a 13-day period following the initial closing. The notes will be senior unsecured obligations maturing December 15, 2027, and the company may not redeem them before maturity. Evergy intends to use the net proceeds to repay the $500 million outstanding under its unsecured term loan facility due 2024, to repay a portion of its commercial paper borrowings, and for general corporate purposes. The interest rate, initial conversion rate and other terms will be set at pricing through negotiations with the initial purchasers. For investors, the filing signals a refinancing of the term loan with longer-dated convertible debt, with conversion settlement allowing cash up to principal and cash, shares or a combination for any excess. Final pricing terms and dilution details were not set in this filing and will be determined at pricing.

Dec 4, 2023 8-K

Evergy 8-K Report, Corporate Update (Nov 15, 2023)

On November 15, 2023, Evergy Kansas Central, Inc. issued $300,000,000 aggregate principal amount of its First Mortgage Bonds, 5.90% Series due 2033. The bonds were sold under an Underwriting Agreement dated November 8, 2023 with BNY Mellon Capital Markets, LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC and Truist Securities, Inc., as representatives of the several underwriters. The Mortgage Bonds were registered under the Securities Act of 1933 via shelf registration statement on Form S-3 (333-259245-02) of Evergy Kansas Central. This combined Current Report is filed by Evergy, Inc. and Evergy Kansas Central, Inc., with each registrant reporting solely on its own behalf. The filing reports the debt issuance as an other event under Item 8.01 and does not disclose any use of proceeds, financial results or other operating information. The filing lists supporting documents as exhibits: the Underwriting Agreement (Exhibit 1.1), the Fifty-Second Supplemental Indenture dated as of November 15, 2023 with The Bank of New York Mellon Trust Company, N.A., as trustee (Exhibit 4.1), an opinion of Heather A. Humphrey dated November 15, 2023 (Exhibit 5.1), her consent (Exhibit 23.1), and the Inline XBRL cover page file (Exhibit 104).

Nov 15, 2023 8-K

Evergy 8-K Report, Financial Results (Nov 7, 2023)

Evergy, Inc. (NASDAQ: EVRG), together with its subsidiaries Evergy Kansas Central, Inc. and Evergy Metro, Inc., furnished a press release on November 7, 2023 announcing third quarter 2023 results for the period ended September 30, 2023. GAAP net income attributable to Evergy, Inc. was $351.6 million, or $1.53 per diluted share, compared to $428.2 million, or $1.86 per share, in the third quarter of 2022. Adjusted earnings (non-GAAP) were $432.3 million, or $1.88 per share, compared to $460.8 million, or $2.00 per share, a year earlier. The company cited lower operations and maintenance expense, higher corporate owned life insurance proceeds, and tax items as drivers, offset by unfavorable weather, lower weather-normalized demand, higher depreciation and amortization, and higher interest expense. The company revised its 2023 GAAP EPS guidance to $3.22 to $3.32 from $3.55 to $3.75, and narrowed its 2023 adjusted EPS guidance to $3.55 to $3.65 from $3.55 to $3.75. The GAAP revision reflects a $0.42 per share pre-tax customer refund related to COLI rate credits under a September 2023 Kansas Corporation Commission unanimous settlement agreement in the Kansas rate cases. Management also set a long-term adjusted EPS growth target of 4% to 6% through 2026, based on the original 2023 midpoint of $3.65. The board declared a quarterly dividend increased 5% to $0.6425 per share, payable December 20, 2023 to holders of record as of November 22, 2023. The filing is furnished under Items 2.02 and 7.01 and is not deemed filed for Section 18 purposes. The Kansas rate case settlement remains subject to approval by the Kansas Corporation Commission, and management described it as delivering savings to customers and advancing regional rate competitiveness.

Nov 7, 2023 8-K

Evergy 8-K Report, Financial Results (Aug 4, 2023)

Evergy, Inc. (NASDAQ: EVRG) furnished this combined Form 8-K, filed on behalf of Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc., to publish its second quarter 2023 results (quarter ended June 30, 2023), declare a quarterly dividend and reaffirm 2023 guidance. Second quarter 2023 GAAP earnings were $179.1 million, or $0.78 per diluted share, versus $194.5 million, or $0.84 per share, in the second quarter of 2022. Adjusted (non-GAAP) earnings were $186.1 million, or $0.81 per share, compared with $194.5 million, or $0.84 per share, a year earlier. Management attributed the adjusted results to higher weather-normalized demand, lower operations and maintenance expense and higher transmission margin, partly offset by unfavorable weather, higher depreciation and amortization, and higher interest expense. For the year to date through June 30, 2023, GAAP net income attributable to Evergy was $321.7 million, or $1.40 per diluted share, and adjusted earnings were $322.2 million, or $1.40 per share, compared with adjusted earnings of $324.4 million, or $1.41 per share, in the prior-year period. CEO David Campbell said the company remains on track to meet its expectations for the year. He noted the July 14 storms, with 80-100 mph winds, were the most impactful storm event in recent history, and that nearly 3,500 employees, contractors and personnel from neighboring utilities helped restore power. The company reaffirmed its 2023 GAAP and adjusted EPS guidance of $3.55 to $3.75 per diluted share and its long-term adjusted EPS growth target of 6% to 8% through 2025 from the $3.30 midpoint of the original 2021 guidance range. The Board declared a quarterly dividend of $0.6125 per share, payable September 20, 2023 to shareholders of record as of August 21, 2023. The information is furnished under Items 2.02 and 7.01 and is not deemed filed for Section 18 purposes.

Aug 4, 2023 8-K/A

Evergy 8-K/A Report, Executive Changes (Jul 25, 2023)

Evergy, Inc. filed this Form 8-K/A (Amendment No. 1) under Item 5.02 to amend its June 12, 2023 Current Report on Form 8-K, which reported the election of Neal A. Sharma to Evergy's Board of Directors effective June 9, 2023. At the time of the original filing, Mr. Sharma's Board committee assignments had not been determined, and this amendment supplies that information as required by Instruction No. 2 to Item 5.02. On July 24, 2023, the Board appointed Mr. Sharma to two committees, the Audit Committee and the Safety and Power Delivery Committee, effective immediately. The filing contains no other financial results, transactions, or operational developments. For investors, the filing is governance housekeeping: it confirms board committee composition, with Mr. Sharma now serving on the Audit Committee, which oversees financial reporting and controls, and on the Safety and Power Delivery Committee.

Jul 25, 2023 8-K

Material AgreementsFinancial EventsExhibits & Filings

Evergy 8-K Report, Executive Changes (Jun 12, 2023)

Evergy, Inc. filed a Form 8-K dated June 12, 2023 under Item 5.02 to report a change to its Board of Directors. On June 9, 2023, the Board elected Neal A. Sharma, 46, as a director effective that day, for a term expiring at Evergy's 2024 annual meeting of shareholders. The Board determined that Mr. Sharma is independent under Nasdaq rules and Evergy's director independence standards. He has not been appointed to any Board committee, and any future committee assignments will be made under Evergy's usual practices. Mr. Sharma co-founded Digital Evolution Group, a digital marketing and commerce agency that was sold in 2018. He served as its Chief Executive Officer from 2018 until 2022, when the firm became part of Dentsu Group, Inc. Since January 2022 he has served as President, Dentsu Shop, in an advisory role. He holds a bachelor's degree from American University (1998) and an MBA from the University of Kansas (2001). Sharma will receive compensation consistent with Evergy's other non-employee directors, as described in a director compensation summary filed earlier as an exhibit to a 2021 Form 10-Q. He also entered into the company's standard director and officer indemnification agreement, which provides indemnification to the extent allowed under Missouri law. The filing states there are no arrangements or understandings tied to his selection, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.

Jun 12, 2023 8-K

Evergy 8-K Report, Material Agreement (Jun 2, 2023)

Evergy, Inc. (EVRG), together with its subsidiaries Evergy Kansas Central, Inc. and Evergy Metro, Inc., filed this combined Form 8-K on June 2, 2023 to report an amendment to its existing credit facility. On that date, Evergy, Evergy Missouri West, Inc., Evergy Metro and Evergy Kansas Central, as Borrowers, entered into a First Amendment to the Amended and Restated Credit Agreement dated August 31, 2021, which governs a $2.5 billion credit facility with Wells Fargo Bank, National Association, as Administrative Agent. The amendment extends the maturity date from August 31, 2026 to August 31, 2027 for each Extending Lender, and resets the number of available maturity extension requests to two. Lenders that do not elect to extend keep the original August 31, 2026 maturity. The amendment also replaces the benchmark interest rate with a rate based on Term SOFR, adds a 10 basis point credit spread adjustment for loans bearing interest at Term SOFR, and makes other conforming changes. All other material terms of the facility are unchanged. For investors, the filing reflects routine liquidity maintenance: it lengthens the tenor of a portion of the revolving credit capacity available to the Evergy group and updates its interest rate reference, while leaving the facility size and other core terms intact. The filing itself does not describe any draws on the facility or the purpose of the borrowing.

Jun 2, 2023 8-K

Evergy 8-K Report, Financial Results (May 5, 2023)

Evergy, Inc. (NASDAQ: EVRG), together with its subsidiaries Evergy Kansas Central, Inc. and Evergy Metro, Inc., furnished this combined Form 8-K on May 5, 2023 to report first quarter 2023 results and related announcements. The company reported first quarter 2023 GAAP earnings of $143 million, or $0.62 per diluted share, compared to GAAP earnings of $123 million, or $0.53 per share, in the first quarter of 2022. Adjusted earnings (non-GAAP) were $136 million, or $0.59 per share, versus $130 million, or $0.56 per share, a year earlier. The company attributed the adjusted EPS improvement to higher weather-normalized demand, lower operations and maintenance expense and higher transmission margin, partially offset by unfavorable weather, higher depreciation and amortization expense and higher interest expense. Evergy reaffirmed its 2023 GAAP EPS guidance of $3.55 to $3.75 and its 2023 adjusted EPS (non-GAAP) guidance of $3.55 to $3.75. It also reaffirmed a long-term adjusted EPS growth target of 6% to 8% through 2025, measured from the $3.30 midpoint of the original 2021 adjusted EPS guidance range. The Board declared a quarterly common dividend of $0.6125 per share, payable June 20, 2023 to shareholders of record as of May 19, 2023. CEO David Campbell said the company is on pace to achieve its 2023 targets and noted a rate filing made the prior month in Kansas seeking to recover grid investments and share cost savings with customers. The information is furnished under Items 2.02 and 7.01 and is not deemed filed for Section 18 purposes. The 8-K's Exhibit 99.1 press release also contains the non-GAAP reconciliations and forward-looking statement disclaimers.

May 5, 2023 8-K

Evergy 8-K Report, Corporate Update (Apr 6, 2023)

Evergy, Inc. and its subsidiary Evergy Metro, Inc. filed this combined Current Report on Form 8-K on April 6, 2023 to report a debt issuance under Item 8.01 (Other Events). On April 6, 2023, Evergy Metro issued $300,000,000 aggregate principal amount of its 4.95% Mortgage Bonds, Series 2023 due 2033. The bonds were issued under an Underwriting Agreement dated April 3, 2023 with BofA Securities, Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acting as representatives of the underwriters. The bonds were registered under the Form S-3 shelf registration statement (333-259245-01) of Evergy Metro. In connection with the sale, Evergy Metro entered into several related agreements and instruments, filed as exhibits and incorporated by reference into the registration statement. These include the Underwriting Agreement, a Nineteenth Supplemental Indenture dated April 4, 2023 between Evergy Metro and UMB Bank, N.A. as trustee, and a legal opinion dated April 6, 2023 from Heather A. Humphrey, Senior Vice President, General Counsel and Corporate Secretary, with her consent. For investors, the filing is a routine financing disclosure: it documents a $300 million, 10-year fixed-rate secured debt issuance by the utility subsidiary, with the filing itself making no statement about operating results, earnings or guidance.

Apr 6, 2023 8-K

Material AgreementsFinancial EventsExhibits & Filings

Evergy 8-K Report, Corporate Update (Mar 14, 2023)

Evergy, Inc. and its subsidiary Evergy Kansas Central, Inc. filed this combined Current Report on Form 8-K on March 14, 2023 to report a debt issuance. Under Item 8.01 (Other Events), Evergy Kansas Central issued $400,000,000 aggregate principal amount of its First Mortgage Bonds, 5.70% Series due 2053 (the "Mortgage Bonds") on March 14, 2023, pursuant to an Underwriting Agreement dated March 7, 2023 with Regions Securities LLC, TD Securities (USA) LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters. The Mortgage Bonds were registered under the Securities Act of 1933 pursuant to a shelf registration statement on Form S-3 (333-259245-02) of Evergy Kansas Central. The filing states that the agreements and instruments entered into in connection with the issuance are incorporated by reference into that Registration Statement. Each registrant files solely on its own behalf and makes no representation as to information relating exclusively to the other. For investors, the filing is a routine financing disclosure at the subsidiary level: it documents a $400 million long-term secured debt issuance with a 5.70% coupon maturing in 2053. The filing itself does not describe the use of proceeds or other financial results.

Mar 14, 2023 8-K

Evergy 8-K Report, Material Agreement (Feb 27, 2023)

Evergy, Inc. (EVRG) filed a Form 8-K on February 27, 2023 reporting an amendment to its $500 million unsecured Term Loan Credit Agreement. On February 23, 2023, Evergy, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto entered into a First Amendment to Term Loan Credit Agreement. The original Term Loan Facility was dated February 25, 2022. The First Amendment extended the maturity date of the Term Loan Facility from February 24, 2023 to February 22, 2024. It also increased the applicable margin for SOFR loans to 1.025% per annum and for base rate loans to 0.025% per annum, and added a 10 basis point credit spread adjustment to all SOFR loans. The filing states these terms are qualified in their entirety by the full First Amendment, filed as Exhibit 10.1. For investors, the filing is a financing-terms update rather than a change in operations. It shows the company extending the tenor of its term loan by one year and accepting higher borrowing spreads on the facility.

Feb 27, 2023 8-K

Evergy 8-K Report, Financial Results (Feb 24, 2023)

Evergy, Inc. (NASDAQ: EVRG) reported full-year 2022 GAAP earnings of $753 million, or $3.27 per diluted share, compared to $880 million, or $3.83 per share, in 2021. Full-year 2022 adjusted earnings (non-GAAP) were $854 million, or $3.71 per share, compared to $795 million and $3.46 in 2021. Fourth-quarter 2022 GAAP earnings were $7.5 million, or $0.03 per share, versus $53.4 million, or $0.23 per share, in the fourth quarter of 2021; fourth-quarter adjusted EPS (non-GAAP) was $0.30, compared to $0.14. The company attributed the full-year adjusted EPS increase to higher weather-normalized demand, favorable weather, and higher transmission margin, partially offset by higher depreciation and amortization and higher interest expense. For 2023, Evergy guided to GAAP and adjusted EPS of $3.55 to $3.75 and reaffirmed a long-term adjusted EPS annual growth target of 6% to 8% through 2025 from the $3.30 midpoint of the original 2021 guidance range. The board declared a quarterly dividend of $0.6125 per share, payable March 22, 2023, to holders of record as of March 9, 2023. Evergy also updated its five-year capital investment plan to $11.6 billion for 2023 through 2027, including over $6.6 billion for transmission and distribution and $2.1 billion for new renewables and other generation. The filing is a combined report for Evergy, Inc., Evergy Kansas Central, Inc., and Evergy Metro, Inc. The results and guidance are furnished under Items 2.02 and 7.01 via Exhibit 99.1, and are not deemed filed for purposes of Section 18 of the Exchange Act. Management highlighted that the company's first general rate reviews since its 2018 formation would take place in Kansas in 2023.

Feb 24, 2023 8-K