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

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed May 8, 2025
Period End
May 8, 2025
Security
EVRG
In the record · 2017–202610-K810-Q258-K104

EVRG filed 8 annual reports (10-K), 25 quarterly reports (10-Q) and 104 current reports (8-K) between 2017 and 2026.

  1. Material agreement8-K · Sep ’18Sep ’18
  2. Leadership change8-K · Aug ’20Aug ’20
  3. Leadership change8-K · Jul ’22Jul ’22
  4. Material agreement8-K · Jul ’26Jul ’26

01—Abstract

Summary

Summary of the 8-K filed May 8, 2025. Cited figures are marked; the original filing is the authoritative source.

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 milliona, 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 $4.12b 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.

02—Key points

Key Highlights

  1. First quarter 2025 GAAP EPS of $0.54 versus $0.53 in the first quarter of 2024; GAAP earnings of $125.0 million versus $122.7 million.
  2. First quarter 2025 adjusted (non-GAAP) EPS of $0.54, flat with $0.54 in the prior-year period; adjusted earnings of $125.0 million versus $124.7 million.
  3. 2025 GAAP and adjusted EPS guidance reaffirmed at $3.92 to $4.12, with a long-term adjusted EPS growth target of 4% to 6% through 2029.
  4. Expected adjusted EPS growth in the upper half of the 4% to 6% range beginning in 2026.
  5. Quarterly dividend of $0.6675 per share declared, payable June 20, 2025 to holders of record as of May 23, 2025.
  6. Missouri Senate Bill 4 signed into law April 9, 2025; Kansas Senate Bill 98 and House Bill 2107 passed, supporting data center attraction and wildfire-related infrastructure investment.
  7. Filed settlements in Kansas for new high-efficiency natural gas plants and a solar farm; management cites a robust large-customer backlog in Kansas and Missouri.

03—Questions

Frequently Asked Questions

  1. How did Evergy perform in the first quarter of 2025?

    Evergy reported GAAP earnings of $125.0 million, or $0.54 per share, up from $122.7 million, or $0.53 per share, in the first quarter of 2024. Adjusted (non-GAAP) EPS was $0.54, unchanged from the prior year, with adjusted earnings of $125.0 million versus $124.7 million.

  2. What is Evergy's 2025 earnings guidance?

    Evergy reaffirmed its 2025 GAAP and adjusted (non-GAAP) EPS guidance range of $3.92 to $4.12, with the midpoint of $4.02 used as the base for its long-term adjusted EPS growth target of 4% to 6% annually through 2029.

  3. What drove the first quarter 2025 results?

    Adjusted EPS was driven by recovery of regulated investments, partially offset by lower demand from an unplanned customer maintenance shutdown, the leap year impact on the prior-year period, higher interest expense, and higher depreciation and amortization expense.

  4. What dividend did Evergy declare?

    The board declared a quarterly dividend of $0.6675 per share, payable June 20, 2025 to shareholders of record as of May 23, 2025.

  5. What legislative and growth developments did management highlight?

    Management cited Missouri Senate Bill 4, signed April 9, 2025, along with Kansas Senate Bill 98 supporting large data center customers and House Bill 2107 addressing infrastructure investment and wildfire risk. It also noted filed settlements for Kansas natural gas plants and a solar farm, and said large-customer announcements are expected later in the year.

04—Continue

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