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.
Evergy, Inc. (NYSE: EVRG) will host a Virtual Investor Day on September 21, 2021 at 9:00 AM ET. The event aims to give insights into Evergy's business strategy, operational highlights, sustainability profile, and financial outlook. Investors, analysts, and media can access the live webcast through Evergy's website, where a replay will also be available later. Evergy serves approximately 1.6 million customers in Kansas and Missouri, and is a leader in renewable energy, with nearly half of its power coming from emission-free sources.
Evergy, Inc. (NYSE: EVRG) is set to release its second quarter earnings on August 5, 2021, prior to market opening. The company will hold a conference call and audio webcast the same day to discuss financial results. Supplemental financial information related to the performance will also be posted on their investor website. Investors can join the call via phone at (888) 353-7071 or through the webcast at investors.evergy.com. A replay will be available until August 12, 2021. Evergy provides energy to 1.6 million customers across Kansas and Missouri.
Evergy has filed its inaugural Integrated Resource Plan (IRP) with the Kansas Corporation Commission, committing to sustainability by retiring 1,200 MW of coal generation and adding 3,200 MW of renewable energy over the next decade. The plan aligns with Evergy's goal of a 70% reduction in carbon emissions by 2030 and net-zero emissions by 2045. The transition involves retiring specific coal plants and enhancing the flexibility of existing facilities. This IRP will guide energy strategies through 2024 and aims to ensure reliability while promoting cleaner energy resources.
Evergy, Inc. (NYSE: EVRG) reported first quarter 2021 earnings of $192 million ($0.84 per share), a significant increase from $69 million ($0.31 per share) in Q1 2020. Adjusted earnings were $125 million ($0.55 per share), up from $94 million ($0.41). This growth was spurred by favorable power marketing margins during the February winter weather event. Evergy aims for net-zero carbon emissions by 2045 and plans to add 3,200 MW of renewable energy. The company raised its 2021 GAAP EPS guidance to $3.43-$3.63 and declared a $0.535 dividend per share.
Evergy, Inc. (NYSE: EVRG) will release its Q1 2021 earnings on May 6, 2021, before the market opens. A conference call to discuss the results is scheduled for the same day at 9:00 a.m. Eastern. Participants can join via phone at (888) 353-7071 or through a webcast at investors.evergy.com. Supplemental financial information will also be made available on the company's website. A replay of the call can be accessed after 1 p.m. Eastern on May 6 until May 13, 2021, using the same phone number.
Evergy, Inc. (NYSE: EVRG) will hold its 2021 Annual Meeting of Shareholders virtually on May 4, 2021, starting at 11 a.m. Eastern (10 a.m. Central). Shareholders will need their control numbers from proxy cards to participate. Key agenda items include the election of 13 Board members and other business matters. Evergy serves 1.6 million customers in Kansas and Missouri, focusing on clean and reliable energy, with 50% of its power coming from emission-free sources.
Evergy (NYSE: EVRG) has announced the appointment of C. John Wilder and former U.S. Senator Mary L. Landrieu to its Board of Directors, effective March 1. These appointments aim to enhance the Board's expertise amid Evergy's ongoing Sustainability Transformation Plan (STP), which targets a long-term earnings growth rate of 6% to 8% through 2024. Additionally, Bluescape Energy Partners will invest approximately $115 million in Evergy, signaling confidence in the company's strategic direction. The revamped Finance Committee will focus on competitive performance metrics to drive operational efficiency.
Evergy, Inc. (NYSE: EVRG) reported 2020 GAAP earnings of $618 million ($2.72/share), down from $670 million ($2.79/share) in 2019. The decline was attributed to lower retail sales due to unfavorable weather and pandemic impacts, higher depreciation, and increased interest expenses. However, adjusted earnings rose to $706 million ($3.10/share), a 7% increase from 2019, aligning with the company's growth target. A dividend of $0.535 per share was declared, payable on March 22, 2021. For 2021, GAAP EPS guidance is set at $3.14-$3.34, with infrastructure investments of $9.2 billion planned through 2025.
Evergy, Inc. (NYSE: EVRG) will announce its fourth quarter 2020 earnings on February 26, 2021, prior to market opening. A conference call will follow at 8:00 a.m. Eastern, with options to join by phone or via an audio webcast. Supplemental financial information will be available on the company's website. A replay of the call can be accessed from about 1 p.m. Eastern on the same day until March 5, 2021.
Librestream, a leader in augmented reality solutions, announced strategic investments from Honeywell (NYSE: HON) and Evergy Ventures (NYSE: EVRG). These investments aim to enhance workforce transformation across various industries. CEO John Bishop emphasized the increasing focus on remote workforce digitization. Honeywell's investment builds on their existing partnership, while Evergy Ventures seeks to innovate within the energy sector. The collaborations are expected to drive operational efficiencies and safety improvements through Librestream's advanced solutions.
FAQ
What is the current stock price of Evergy (EVRG)?
What is the market cap of Evergy (EVRG)?
What type of energy sources does Evergy use?
How many customers does Evergy serve?
Where is Evergy headquartered?
What are Evergy's major subsidiaries?
What is Evergy's rate base value?
What recent achievements has Evergy made?
Is Evergy involved in renewable energy?
When was Evergy incorporated?
How extensive is Evergy's transmission and distribution network?
What regions does Evergy serve?
