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Evergy, Inc. - EVRG STOCK NEWS

Welcome to our dedicated page for Evergy news (Ticker: EVRG), a resource for investors and traders seeking the latest updates and insights on Evergy stock.

Evergy, Inc. (symbol: EVRG) is a prominent utility company headquartered in Kansas City, Missouri. Incorporated in 2017, Evergy, Inc. specializes in the generation, transmission, distribution, and sale of electricity across Kansas and Missouri. Serving approximately 1,604,300 customers, including residential, commercial, industrial, and municipal clients, Evergy stands as a key player in the U.S. energy market.

The company employs a diverse mix of energy sources to generate electricity. These include coal, nuclear, natural gas and oil, uranium, wind, hydroelectric, landfill gas, and solar energy as well as other renewable sources, underlining its commitment to sustainability and innovation. Evergy operates about 10,100 circuit miles of transmission lines, 39,700 circuit miles of overhead distribution lines, and 12,700 circuit miles of underground distribution lines, ensuring a reliable energy supply to its vast customer base.

Evergy’s major operating subsidiaries include Evergy Metro, Evergy Kansas Central, Evergy Missouri West, and Evergy Transmission Co. The company boasts a combined rate base of approximately $19 billion, with assets evenly distributed between Kansas, Missouri, and federal jurisdictions. Notably, Evergy is one of the largest suppliers of wind energy in the United States, reflecting its leadership in the renewable energy sector.

Recent achievements include significant investments in modernizing the power grid, enhancing energy efficiency programs, and expanding renewable energy projects. Current projects focus on sustainable energy solutions and technological advancements to meet the evolving energy demands of the future. Financially, Evergy maintains a strong and stable position, supported by strategic partnerships and a dedicated focus on innovation and customer service.

Through its comprehensive energy solutions and commitment to sustainability, Evergy continues to play a vital role in the region's development, offering reliable and efficient energy to millions while driving forward the transition to a greener and more resilient energy infrastructure.

Rhea-AI Summary
Evergy, Inc. (NASDAQ: EVRG) will release its 2024 first quarter earnings on May 9, 2024, and host a conference call and webcast to discuss the results. Analysts can access the presentation slides and webcast online or via phone. Supplemental financial information will be posted on the company's website.
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Evergy, Inc. (NASDAQ: EVRG) will hold its 2024 Annual Meeting of Shareholders online on May 7, 2024. Shareholders will vote on electing 10 Board of Directors members and other business matters. The virtual meeting can be accessed at www.virtualshareholdermeeting.com/EVRG2024.
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Evergy, Inc. (EVRG) files its Integrated Resource Plan outlining the addition of 5,100 MW of renewable energy and 5,200 MW of firm, dispatchable generation over the next 20 years. The plan includes the retirement of over 4,500 MW of coal-based generation, significant growth in demand-side programs, and a commitment to reducing carbon emissions by 70% by 2030 and achieving net-zero by 2045.
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Evergy, Inc. (EVRG) announced that Mark Ruelle will retire from the board of directors and chairman role, with David Campbell nominated to take over. Ruelle's leadership post-merger has positively impacted the company. Campbell, the current president and CEO, will assume the chairman role. Additionally, Thomas D. Hyde will retire as lead independent director, with B. Anthony Isaac taking over.
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Evergy, Inc. reports 2023 GAAP EPS of $3.17, adjusted EPS of $3.54, and provides 2024 EPS guidance of $3.73 to $3.93. The company declared a dividend of $0.6425 per share and updated its $12.5 billion capital plan through 2028.
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Evergy, Inc. (NASDAQ: EVRG) will release its 2023 fourth quarter earnings on February 29, 2024. The company will host a conference call and webcast to discuss the results. Supplemental financial information will be posted on the company's website. Analysts can access the call via phone or webcast.
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Evergy, Inc. (NASDAQ: EVRG) has filed a request with the Missouri Public Service Commission to recover investments made in generation capacity and grid modernization for customers in its Evergy Missouri West service area. The company's rates in this area have decreased since 2017, while rates regionally have increased. The service area serves more than 340,000 customers and includes several cities. Evergy is requesting to increase base rates for Evergy Missouri West customers.
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Evergy, Inc. (NASDAQ: EVRG) announced the pricing of its private offering of $1,200,000,000 aggregate principal amount of its convertible notes due 2027, reflecting an upsize of $100 million over the previously announced offering size. The Company also granted the initial purchasers of the Notes an option to purchase up to an additional $200,000,000 aggregate principal amount of the Notes.
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Evergy, Inc. (NASDAQ: EVRG) announced its plan to offer $1,100,000,000 aggregate principal amount of convertible notes due 2027 in a private placement. The company intends to use the net proceeds to repay outstanding debts and for general corporate purposes. The Notes will be senior unsecured obligations of the Company and are expected to pay interest semiannually in arrears.
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Evergy, Inc. (EVRG) announced that Kevin Gunn will join its leadership team as Vice President of State and Federal Regulatory Policy. Gunn brings 20 years of experience in policymaking, energy, and regulation, having served on the Missouri Public Service Commission and the board of the National Association of Regulatory Utility Commissioners. He will focus on the company's work with Missouri and federal regulators and stakeholders, emphasizing affordability, reliability, and sustainability.
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FAQ

What is the current stock price of Evergy (EVRG)?

The current stock price of Evergy (EVRG) is $64.84 as of November 26, 2024.

What is the market cap of Evergy (EVRG)?

The market cap of Evergy (EVRG) is approximately 14.8B.

What type of energy sources does Evergy use?

Evergy utilizes coal, nuclear, natural gas and oil, uranium, wind, hydroelectric, landfill gas, solar energy, and other renewable sources.

How many customers does Evergy serve?

Evergy serves approximately 1,604,300 customers, including residences, commercial firms, industrials, municipalities, and other electric utilities.

Where is Evergy headquartered?

Evergy is headquartered in Kansas City, Missouri.

What are Evergy's major subsidiaries?

Major subsidiaries include Evergy Metro, Evergy Kansas Central, Evergy Missouri West, and Evergy Transmission Co.

What is Evergy's rate base value?

Evergy has a combined rate base of approximately $19 billion.

What recent achievements has Evergy made?

Recent achievements include significant investments in power grid modernization, energy efficiency programs, and expansion of renewable energy projects.

Is Evergy involved in renewable energy?

Yes, Evergy is one of the largest suppliers of wind energy in the U.S. and actively invests in various renewable energy sources.

When was Evergy incorporated?

Evergy was incorporated in 2017.

How extensive is Evergy's transmission and distribution network?

Evergy operates approximately 10,100 circuit miles of transmission lines, 39,700 circuit miles of overhead distribution lines, and 12,700 circuit miles of underground distribution lines.

What regions does Evergy serve?

Evergy serves customers in Kansas and Missouri.

Evergy, Inc.

Nasdaq:EVRG

EVRG Rankings

EVRG Stock Data

14.85B
229.44M
0.21%
88.59%
3.63%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States of America
KANSAS CITY