EVRG · Evergy

137 filings

EVRG SEC Filings

Evergy - 137 total filings

Filing record · 2017–202610-K810-Q258-K104

Showing 1–50 of 137 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 10-Q

Evergy Quarterly Report for Q2 Ended Jun 30, 2026

Evergy, Inc. (EVRG) reported second-quarter 2026 net income attributable to Evergy, Inc. of $215.0 million, or $0.91 diluted earnings per share, compared with $171.3 million, or $0.74 per share, in the second quarter of 2025. For the six months ended June 30, 2026, net income attributable to Evergy, Inc. was $366.5 million, or $1.55 diluted EPS, versus $296.3 million, or $1.28 per share, a year earlier. Management attributes the increase primarily to new Evergy Kansas Central retail rates effective in October 2025, higher retail sales driven by weather and higher weather-normalized demand, and gains from non-regulated early-stage clean energy investments compared with losses a year earlier, partially offset by higher interest, depreciation and operating and maintenance expense. Adjusted EPS (non-GAAP) was $0.88 for the quarter and $1.57 year to date. Capital spending and financing activity increased significantly. Year-to-date additions to property, plant and equipment were $1,811.8 million, compared with $1,220.1 million in the prior year period. Total assets rose to $35.35 billion at June 30, 2026, from $33.95 billion at December 31, 2025. Evergy entered into a $3.5 billion master credit facility expiring in June 2031, and short-term borrowings and notes payable and commercial paper increased to $2,331.0 million. Evergy also repurchased $244.1 million of its convertible notes in early 2026, leaving $1,155.9 million outstanding, and the notes are classified as current maturities because they became convertible at holders' option. Large load customers signed electric service agreements for data centers with a projected peak load of approximately 2,600 MW, with remaining contractual minimum performance obligations of $8.9 billion for Evergy. Regulatory and other items include a pending Evergy Metro rate case requesting an increase of approximately $140 million, with an evidentiary hearing scheduled for October 2026 and new rates expected in January 2027. Evergy Metro also filed a CCN application for a 440 MW simple-cycle gas turbine facility expected to begin operations in 2030. The filing notes that a generation development agreement could require a payment of approximately $80 million if the companies elect not to proceed by a deadline, with a decision expected no later than the second quarter of 2027.

Aug 6, 2026 8-K

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, 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, 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 10-Q

Evergy Quarterly Report for Q1 Ended Mar 31, 2026

Evergy, Inc. (Evergy) filed this combined Form 10-Q for the quarter ended March 31, 2026, covering Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. Consolidated net income attributable to Evergy, Inc. was $151.5 million, or $0.64 diluted EPS, versus $125.0 million, or $0.54, 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 recast for 2025. Operating revenues rose to $1,443.7 million from $1,374.5 million, driven by new Evergy Kansas Central retail rates effective October 2025 ($40.0 million increase), higher non-regulated energy marketing revenue ($16.6 million), and higher wholesale revenue, partially offset by unfavorable weather (heating degree days down 20%). Capital spending and financing activity were heavy. Additions to property, plant and equipment were $851.9 million versus $592.8 million a year earlier, and Evergy's notes payable and commercial paper rose to $1,960.3 million from $1,394.0 million at year-end 2025. Evergy repurchased $244.1 million principal of its 4.50% Convertible Notes for $309.5 million, funded by term loans, and issued $350.0 million of 4.25% Notes due 2029. In May 2026, Evergy entered into a $1.0 billion Delayed Draw Term Loan Agreement, with no borrowings made as of the filing. Large load customers signed electric service agreements for projected peak load of approximately 2,500 MWs, with Evergy's remaining contractual minimum consideration for large load contracts stated at $8.7 billion. Evergy Metro filed a rate case in February 2026 requesting an increase of approximately $140 million, with an evidentiary hearing scheduled for October 2026 and new rates expected in January 2027. Evergy Kansas Central's KCC earnings review mechanism requires refunds of 50% of earnings above a 9.7% return on equity, and the filing states no significant refund obligation is estimated for 2026. Subsidiary-level results also appear in the filing: Evergy Kansas Central net income was $147.0 million and Evergy Metro net income was $36.2 million.

May 7, 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

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 10-K

Evergy Annual Report, Year Ended Dec 31, 2025

Evergy, Inc. (Nasdaq: EVRG) is a public utility holding company headquartered in Kansas City, Missouri, operating integrated regulated electric utilities Evergy Kansas Central, Evergy Metro and Evergy Missouri West that serve approximately 1.7 million customers in Kansas and Missouri. For 2025, net income attributable to Evergy, Inc. was $855.6 million, or $3.66 diluted EPS, down from $873.5 million, or $3.79, in 2024. Adjusted EPS (non-GAAP) was $3.83 versus $3.81, excluding $49.0 million of pre-tax losses from non-regulated investments in early-stage clean energy companies. Operating revenues rose to $5,961.6 million from $5,847.3 million, and capital expenditures were $2,796.9 million in 2025. The company projects approximately $21.6 billion of capital expenditures from 2026 through 2030, including about $9.3 billion for new generation, primarily natural gas, renewables and battery storage. It expects to issue about $12.3 billion of debt and $3.3 billion of equity over 2026 to 2030. Growth is driven by data center and large load demand: in February 2026 the company signed electric service agreements for projected peak load of approximately 1,900 MWs under its Large Load Power Service rate plans, and it has filed a roughly $140 million retail rate request with the MPSC for Evergy Metro. The filing also highlights risks including regulatory lag, environmental rule uncertainty, wildfire exposure, nuclear operation at Wolf Creek, and a need for ongoing capital raising. Credit ratings are rated BBB+ at Evergy by S&P with a stable outlook, and the company targets a 50%-60% dividend payout ratio, declaring a quarterly dividend of $0.6950 per share in February 2026.

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

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 10-Q

Evergy Quarterly Report for Q3 Ended Sep 30, 2025

Evergy, Inc. reported third-quarter 2025 net income attributable to Evergy, Inc. of $475.0 million, or $2.03 diluted EPS, compared with $465.6 million, or $2.02, in the same period of 2024. Year to date through September 30, 2025, net income attributable to Evergy, Inc. was $771.3 million, or $3.31 diluted EPS, down from $795.3 million, or $3.45, a year earlier. Management attributed the year-to-date decline mainly to higher interest, depreciation and operating and maintenance expenses, lower COLI proceeds, and $29.0 million of unrealized and impairment losses on early-stage clean energy investments, partly offset by new Evergy Missouri West retail rates and higher transmission revenues. Year-to-date operating revenues were $4,621.4 million, up from $4,589.9 million. Capital spending and financing remained heavy. Additions to property, plant and equipment were $1,932.4 million year to date, versus $1,822.4 million a year earlier, and long-term debt rose to $12,446.3 million from $11,809.2 million at December 31, 2024. Evergy's ATM program allows up to $1.2 billion of common stock sales, with approximately $1.1 billion still available, and forward sale agreements were outstanding at a weighted average initial forward price of $72.08. Regulatory developments included Kansas Central's 2025 rate case settlement providing a $128.0 million retail revenue increase, Missouri SB 4 cost-recovery mechanisms for new natural gas plants, and KCC and MPSC approvals for planned natural gas and solar investments. The filing also notes a $2.5 billion master credit facility with $1,263.5 million of available borrowing capacity at September 30, 2025, and a declared quarterly dividend of $0.6950 per share payable December 19, 2025. Environmental and litigation exposures remain significant, including ozone and particulate matter rules and a Montrose Station coal ash lawsuit, which the filing describes as at preliminary stages.

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 10-Q

Evergy Quarterly Report for Q2 Ended Jun 30, 2025

Evergy, Inc. (EVRG) reported second-quarter 2025 results in this combined Form 10-Q with Evergy Kansas Central, Inc. and Evergy Metro, Inc. For the three months ended June 30, 2025, operating revenues were $1,437.0 million (vs. $1,447.5 million), net income attributable to Evergy, Inc. was $171.3 million (vs. $207.0 million), and diluted EPS was $0.74 (vs. $0.90). Year to date, net income attributable to Evergy, Inc. was $296.3 million ($1.28 diluted EPS) compared with $329.7 million ($1.43) a year earlier. The filing attributes the decline primarily to lower retail sales from unfavorable weather, higher operating and maintenance, depreciation and interest expenses, and $25.4 million of unrealized and impairment losses on investments in early-stage clean energy and energy solution companies in the quarter. These were partially offset by new Evergy Missouri West retail rates effective January 2025 and $11.6 million of income from the sale of a commercial solar generation project. Adjusted EPS (non-GAAP) was $0.82 for the quarter versus $0.90 a year earlier, and $1.37 year to date versus $1.44. Total assets were $32,911.3 million at June 30, 2025, up from $32,282.1 million at December 31, 2024, and long-term debt, net, rose to $12,398.0 million from $11,809.2 million. Year-to-date cash flows from operating activities were $773.5 million, and additions to property, plant and equipment were $1,220.1 million. Cash dividends paid were $304.6 million. Evergy declared a quarterly dividend of $0.6675 per share in August 2025. Regulatory developments in July 2025 include KCC approval of a settlement for Evergy Kansas Central's new natural gas plant investments and Kansas Sky solar facility, and MPSC approval of certificates of convenience and necessity for Evergy Missouri West's natural gas and solar plants. Evergy Kansas Central's pending rate case settlement would increase retail revenues by $128.0 million, subject to KCC approval and expected to take effect September 29, 2025.

Aug 7, 2025 8-K

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 10-Q

Evergy Quarterly Report for Q1 Ended Mar 31, 2025

Evergy, Inc. reported first-quarter 2025 net income attributable to Evergy of $125.0 million, or $0.54 per diluted share, compared with $122.7 million, or $0.53 per diluted share, in the same period of 2024. The filing attributes the increase mainly to new Evergy Missouri West retail rates effective January 2025, higher transmission revenues, and retail sales driven by favorable weather, partly offset by higher interest and depreciation expense and lower investment earnings. Operating revenues rose to $1,374.5 million from $1,331.0 million. 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. Cash flow from operating activities was $449.6 million, up from $317.3 million, while additions to property, plant and equipment totaled $592.8 million. Evergy issued $594.2 million of long-term debt, including $300.0 million of Evergy Kansas Central First Mortgage Bonds and $300.0 million of Evergy Kansas Central Notes, and used the proceeds to reduce commercial paper, which fell to $943.6 million from $1,207.6 million. Long-term debt, net, rose to $12,405.5 million from $11,809.2 million. The Board declared a quarterly common dividend of $0.6675 per share in May 2025. Regulatory and legislative developments include a pending Evergy Kansas Central rate case requesting an increase of approximately $196 million, with an evidentiary hearing scheduled for July 2025. Partial settlements on natural gas plant and Kansas Sky solar predetermination were reached in April 2025, with a KCC order expected in July 2025. Missouri S.B. 4 and Kansas H.B. 2107 were signed into law in April 2025. In April 2025, Moody's changed the outlook on Evergy Missouri West to Stable and lowered its credit ratings, with a corporate credit rating of Baa3.

May 8, 2025 8-K

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 10-K

Evergy Annual Report, Year Ended Dec 31, 2024

Evergy, Inc. (Nasdaq: EVRG), a public utility holding company headquartered in Kansas City, Missouri, operates integrated regulated electric utilities Evergy Kansas Central, Evergy Metro and Evergy Missouri West serving about 1.7 million customers in Kansas and Missouri. For 2024, net income attributable to Evergy, Inc. was $873.5 million, or $3.79 diluted EPS, up from $731.3 million, or $3.17, in 2023. Adjusted EPS (non-GAAP) was $3.81 versus $3.54. Operating revenues rose to $5,847.3 million from $5,508.2 million, driven mainly by new Kansas retail rates effective December 2023, the recognition of a $96.5 million COLI-related regulatory liability in 2023 that did not recur, and higher transmission revenues. The company targets approximately $17.5 billion of base capital investments through 2029, including about $6.2 billion of new generation that is expected to be primarily renewable and natural gas. Capital expenditures were $2,336.6 million in 2024. Evergy expects to issue about $9.7 billion of debt securities from 2025 to 2029, including refinancing $3.9 billion of maturities, and $2.8 billion of equity and equity-like securities from 2026 to 2029. It targets a 60%-70% dividend payout ratio and declared a quarterly dividend of $0.6675 per share in February 2025. Pending items include a Kansas Central rate case requesting about $196 million, with new rates expected in September 2025, and a Missouri West rate order that took effect in January 2025 after a partial settlement. Key risks include regulatory lag and the outcome of rate proceedings, coal-related environmental rules (including ozone, particulate matter, greenhouse gas and CCR regulations whose costs could be material), supply chain and tariff pressures, and the Wolf Creek nuclear unit. Evergy also issued $500.0 million of 6.65% junior subordinated notes in December 2024 that allow interest deferral, which would restrict dividends if exercised. Its credit ratings remain investment grade, with Evergy Missouri West's outlook at Negative from Moody's.

Feb 27, 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 10-Q

Evergy Quarterly Report for Q3 Ended Sep 30, 2024

Evergy, Inc. (Evergy) filed this combined Form 10-Q for the quarter ended September 30, 2024, covering Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. For the nine months ended September 30, 2024, Evergy reported operating revenues of $4.59 billion, income from operations of $1.25 billion and net income attributable to Evergy, Inc. of $795.3 million, or $3.45 diluted EPS, compared with $673.3 million, or $2.92, a year earlier. For the three months ended September 30, 2024, net income attributable to Evergy, Inc. was $465.6 million, or $2.02 per diluted share, versus $351.6 million, or $1.53, in the prior-year quarter. The filing attributes the quarterly increase mainly to a $96.5 million regulatory liability recorded in Q3 2023 for COLI rate credit refunds, new Evergy Kansas Central retail rates effective December 2023, and higher transmission revenues. Capital spending and financing dominate the balance sheet story. Year-to-date additions to property, plant and equipment were $1.82 billion, and Evergy's five-year capital expenditure plan totals $2.48 billion for 2025 rising to $3.80 billion in 2028. Total assets reached $32.15 billion at September 30, 2024, and long-term debt rose to $11.57 billion. Evergy issued $919.6 million of long-term debt year to date and repaid $800.0 million of 2.45% Senior Notes in September 2024. Cash dividends paid year to date were $443.2 million, and the board declared a quarterly dividend of $0.6675 per share in November 2024. Available borrowing capacity under the $2.5 billion master credit facility was $1.07 billion. Regulatory and environmental items to watch include a pending Evergy Missouri West rate case, in which a partial stipulation would increase retail revenues by about $55 million, subject to MPSC approval expected in December 2024. The filing also describes Kansas legislation (H.B. 2527 and S.B. 410), new solar and natural gas generation plans, and several EPA rules, some of which the company says could have a material cost to comply.

Nov 7, 2024 8-K

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

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 10-Q

Evergy Quarterly Report for Q2 Ended Jun 30, 2024

Evergy, Inc. (EVRG) filed its combined Form 10-Q for the quarter ended June 30, 2024, covering Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. For the three months ended June 30, 2024, Evergy reported operating revenues of $1,447.5 million, net income attributable to Evergy, Inc. of $207.0 million, and diluted earnings per share of $0.90, compared with $179.1 million and $0.78 a year earlier. For the year to date, net income attributable to Evergy, Inc. was $329.7 million, or $1.43 per diluted share, versus $321.7 million, or $1.40, in the prior-year period. Management attributed the year-to-date increase mainly to new Evergy Kansas Central retail rates effective in December 2023, higher transmission revenues, lower pension non-service costs and higher retail sales driven by favorable weather. Adjusted EPS (non-GAAP) for the year to date was $1.44. Balance sheet and financing activity grew over the period. Total assets rose to $31.83 billion at June 30, 2024 from $30.98 billion at December 31, 2023, and long-term debt, net, increased to $11.95 billion from $11.05 billion. Year-to-date additions to property, plant and equipment were $1,296.1 million, and operating cash flow was $634.8 million, down from $715.2 million a year earlier. Evergy Metro issued $300.0 million of 5.40% mortgage bonds in April 2024, Evergy Missouri West issued $300.0 million of 5.65% first mortgage bonds in May 2024, and Evergy Missouri West Storm Funding issued $331.1 million of 5.10% securitized bonds in February 2024. The company reported $1,527.6 million of available borrowing capacity under its $2.5 billion master credit facility. Regulatory and environmental developments include a pending Evergy Missouri West rate case requesting an increase of approximately $104 million, with an evidentiary hearing scheduled to begin in late September 2024 and new rates expected in January 2025. Kansas enacted H.B. 2527, which provides a plant-in-service accounting option, and Evergy Kansas Central and Evergy Metro elected it effective July 2024. The filing also reports that the EPA finalized several rules, including GHG regulations and an expanded CCR regulation, which the company says could have a material cost to comply, and that the company recorded $72.8 million of additional ARO liabilities tied to the CCR expansion. Management stated that it believes existing cash and available borrowing capacity provide sufficient liquidity.

Aug 9, 2024 8-K

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 10-Q

Evergy Quarterly Report for Q1 Ended Mar 31, 2024

Evergy, Inc. reported net income attributable to Evergy of $122.7 million, or $0.53 per diluted share, for the three months ended March 31, 2024, down from $142.6 million, or $0.62 per diluted share, a year earlier. Management attributed the decline mainly to higher depreciation and taxes other than income tax, 2023 mark-to-market gains on forward contracts, and higher transmission and distribution expense, partially offset by new Evergy Kansas Central retail rates effective in December 2023, lower pension non-service costs and lower income tax expense. Adjusted EPS (non-GAAP) was $0.54 versus $0.59. Operating revenues rose to $1,331.0 million from $1,296.8 million, and utility gross margin (non-GAAP) increased $20.5 million to $881.9 million. Cash flows from operating activities were $317.3 million compared with $362.9 million, while additions to property, plant and equipment rose to $618.6 million from $527.7 million. Financing inflows of $303.6 million were supported by the February 2024 issuance of $331.1 million of 5.10% Securitized Bonds by Evergy Missouri West Storm Funding, which recover costs from the February 2021 winter weather event. Long-term debt, net, increased to $11,658.4 million from $11,053.3 million at December 31, 2023. Evergy's board declared a quarterly dividend of $0.6425 per share in May 2024. Key pending matters include an Evergy Missouri West retail rate request of approximately $104 million, with an evidentiary hearing scheduled to begin in late September 2024 and new rates expected in January 2025. The filing also describes several EPA rules finalized in April 2024, such as those covering mercury and air toxics, greenhouse gases and coal combustion residuals, and states that compliance costs could be material for certain of them.

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

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 10-K

Evergy Annual Report, Year Ended Dec 31, 2023

Evergy, Inc. (Nasdaq: EVRG) is a public utility holding company headquartered in Kansas City, Missouri, operating integrated, regulated electric utilities in Kansas and Missouri through Evergy Kansas Central, Evergy Metro and Evergy Missouri West, serving approximately 1.7 million customers. For 2023, net income attributable to Evergy, Inc. was $731.3 million, or $3.17 diluted EPS, down from $752.7 million and $3.27 in 2022, mainly due to higher depreciation and interest expense and a $96.5 million deferral of revenues for future refunds of COLI rate credits. Adjusted EPS (non-GAAP) was $3.54 for 2023 versus $3.71 in 2022. Operating revenues were $5,508.2 million, down from $5,859.1 million, while interest expense rose to $525.8 million from $404.0 million. The company is pursuing a capital plan of approximately $12.5 billion of base capital investments through 2028, including about $2.9 billion of new generation expected to be primarily renewable, and targets a 70% reduction in owned-generation CO2 emissions by 2030 (from 2005 levels) and net-zero CO2e emissions for scope 1 and 2 by 2045. Key 2023 events included a Kansas Central and Metro rate case settlement approved by the KCC with new rates effective December 2023, the $220.9 million acquisition of the Persimmon Creek wind farm, and a $1.4 billion issuance of 4.50% convertible notes due 2027. Evergy Missouri West filed a 2024 rate case requesting about $104 million, and it agreed to acquire a joint interest in Dogwood Energy Center for about $60 million, subject to MPSC approval. Financial risks highlighted in the filing include credit rating downgrades by an agency in 2023, with Evergy, Inc.'s and Evergy Metro's senior unsecured ratings lowered, and reliance on rate regulation to recover costs. Evergy reported a dividend of $0.6425 per share declared in February 2024 and targets a long-term payout ratio of 60% to 70% of earnings.

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

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 10-Q

Evergy Quarterly Report for Q3 Ended Sep 30, 2023

Evergy, Inc. (EVRG) reported third-quarter 2023 results in this combined Form 10-Q with Evergy Kansas Central, Inc. and Evergy Metro, Inc. For the three months ended September 30, 2023, operating revenues were $1,669.3 million versus $1,909.1 million a year earlier, and net income attributable to Evergy, Inc. was $351.6 million, or $1.53 per diluted share, compared with $428.2 million, or $1.86, in the prior-year quarter. Year to date, net income attributable to Evergy, Inc. was $673.3 million, or $2.92 per diluted share, versus $745.2 million, or $3.23, a year earlier. Management attributes the decline mainly to a $96.5 million deferral of revenue for future refund to customers of COLI rate credits, lower retail sales from unfavorable weather, higher depreciation and higher interest expense, partly offset by lower income tax expense and lower operating and maintenance costs. Adjusted EPS (non-GAAP) was $1.88 for the quarter versus $2.00 a year earlier. The company's balance sheet shows total assets of $30,616.0 million at September 30, 2023, up from $29,489.9 million at December 31, 2022. Current maturities of long-term debt rose to $889.4 million and notes payable and commercial paper to $2,178.4 million. Year to date, cash flows from operating activities were $1,551.7 million, and additions to property, plant and equipment were $1,657.9 million. Evergy closed the purchase of Persimmon Creek Wind Farm for $217.9 million, net of cash acquired, through Evergy Kansas Central. Regulatory developments include a unanimous settlement in the Evergy Kansas Central and Evergy Metro 2023 Kansas rate case, which still requires KCC approval. It provides a retail revenue increase of $74.0 million for Evergy Kansas Central and a decrease of $32.9 million for Evergy Metro, with new rates expected in December 2023. The filing also discloses an agreement, signed in November 2023, for Evergy Missouri West to buy an interest of approximately 143 MW in a natural gas combined cycle facility for approximately $60 million, subject to MPSC approval and expected to close in the second quarter of 2024.

Nov 7, 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