01—Abstract
Summary
Summary of the 8-K filed November 6, 2025. Cited figures are marked; the original filing is the authoritative source.
Evergy, Inc. (NASDAQ: EVRG) reported third quarter 2025 GAAP earnings of $475.0 milliona, 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 millionb, 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 $4.02c, and expects adjusted EPS growth in the upper half of that range beginning in 2026.
The board declared a quarterly dividend increased 4% to $0.6950d 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.
02—Key points
Key Highlights
- Q3 2025 GAAP EPS of $2.03 vs. $2.02 in Q3 2024; GAAP net income of $475.0 million vs. $465.6 million
- Q3 2025 adjusted EPS (non-GAAP) of $2.03 vs. $2.02 in Q3 2024; adjusted earnings of $475.1 million
- 2025 adjusted EPS guidance narrowed to $3.92 to $4.02 from $3.92 to $4.12, primarily due to cooler than normal summer weather
- Long-term adjusted EPS growth target of 4% to 6% through 2029 reaffirmed; upper half of range expected beginning in 2026
- Quarterly common dividend increased 4% to $0.6950 per share, payable December 19, 2025
- Year-to-date 2025 adjusted EPS of $3.41 vs. $3.46 in the prior-year period, with GAAP EPS of $3.31 vs. $3.45
- Management plans to share an updated growth outlook on its year-end earnings call in February
03—Questions
Frequently Asked Questions
Why did Evergy narrow its 2025 EPS guidance?
Management said the narrowing was primarily due to the impact of cooler than normal summer weather in the second and third quarters. Cost and mitigation actions were implemented but do not fully offset these weather headwinds.
Did Evergy change its long-term growth target?
No. Evergy reaffirmed its long-term adjusted EPS growth target of 4% to 6% annually through 2029, based on the 2025 adjusted EPS guidance midpoint of $4.02, and expects growth in the upper half of that range beginning in 2026.
What is the new dividend and when is it payable?
The board declared a dividend of $0.6950 per share, a 4% increase, payable December 19, 2025 to shareholders of record as of November 21, 2025.
What drove the change in third quarter adjusted EPS?
Adjusted EPS was higher than the prior year primarily due to recovery of regulated investments and growth in weather-normalized demand, partially offset by higher interest expense and depreciation expense.
When will Evergy provide an updated growth outlook?
Management said it is excited to share its updated growth outlook on its year-end earnings call in February.
04—Continue