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

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed August 7, 2025
Period End
August 7, 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 August 7, 2025. Cited figures are marked; the original filing is the authoritative source.

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 milliona, 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 $4.12b 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 $0.6675c 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 milliond, 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.

02—Key points

Key Highlights

  1. Q2 2025 GAAP EPS was $0.74 ($171.3 million), down from $0.90 ($207.0 million) in Q2 2024.
  2. Q2 2025 adjusted (non-GAAP) EPS was $0.82 ($191.1 million), versus $0.90 in Q2 2024.
  3. 2025 adjusted EPS guidance of $3.92 to $4.12 was reaffirmed; long-term adjusted EPS growth target of 4% to 6% through 2029 was also reaffirmed.
  4. Evergy expects 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 September 19, 2025 to holders of record as of August 22, 2025.
  6. Milder weather drove a 26% decrease in cooling degree days, weighing on Q2 results alongside higher O&M, interest and depreciation.
  7. Unanimous settlement in the Kansas Central rate case, subject to KCC approval, and approvals for new natural gas and solar projects in Kansas and Missouri.

03—Questions

Frequently Asked Questions

  1. Why did Evergy's adjusted EPS decline in the second quarter of 2025?

    The company attributed the decline to milder weather, which resulted in a 26% decrease in cooling degree days, along with higher operations and maintenance expense and an increase in interest and depreciation. These were partially offset by increases in revenue from the recovery of regulated investments and growth in weather-normalized electricity demand.

  2. What is Evergy's 2025 earnings guidance?

    Evergy reaffirmed its 2025 adjusted (non-GAAP) EPS guidance range of $3.92 to $4.12, with a midpoint of $4.02. The company does not provide a GAAP equivalent for this guidance because it cannot forecast items such as impairments or mark-to-market impacts.

  3. What are the adjustments between GAAP and adjusted earnings?

    For Q2 2025, the adjustment was $25.4 million pre-tax in losses from investments in early-stage clean energy and energy solutions companies, partly offset by a $5.6 million income tax benefit. Evergy has initiated a process to dispose of these investments.

  4. What is the dividend and when is it payable?

    The board declared a quarterly dividend of $0.6675 per share, payable September 19, 2025, to shareholders of record as of August 22, 2025.

  5. What regulatory developments were highlighted?

    Management cited a unanimous settlement agreement in the Kansas Central rate case, which would deliver a constructive outcome if approved by the Kansas Corporation Commission, and approval of new natural gas and solar projects in Kansas and Missouri.

04—Continue

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