NYSE$EVRG

Evergy Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Evergy announced first quarter 2024 results, declared quarterly dividend and reaffirmed 2024 guidance.

Evergy reported GAAP earnings of $122.7 million, or $0.53 per share, and adjusted earnings (non-GAAP) of $124.7 million, or $0.54 per share, for the first quarter 2024. The company reaffirmed its 2024 GAAP and adjusted EPS guidance of $3.73 to $3.93.

  • First Quarter 2024 GAAP EPS was $0.53, compared to $0.62 in 2023.
  • First Quarter 2024 Adjusted EPS (Non-GAAP) was $0.54, compared to $0.59 in 2023.
  • The company declared a quarterly dividend of $0.6425 per share.
  • The company reaffirmed 2024 GAAP and Adjusted (Non-GAAP) EPS guidance of $3.73 to $3.93.

Headline financials

Total Revenue

$1.33B

Previous: $1.3B+2.6%
EPS

$0.53

Previous: $0.59-10.2%
Capital Expenditures

-$619M

Previous: -$528M-17.2%
Free Cash Flow

-$496M

Previous: -$385M-28.8%
Net Income

$123M

Previous: $143M-14.0%
Operating Income

$260M

Previous: $279M-6.8%
Gross Profit

$1.33B

Previous: $1.3B+2.6%
Cash & Equivalents

$63.7M

Previous: $28.4M+124.3%
Total Assets

$31.3B

Previous: $29.7B+5.3%
Stock-Based Comp

$3.9M

Previous: $4.8M-18.8%

Revenue & EPS history

Evergy · Revenue · Quarterly

$1.33B

Q1 2024+2.6%vs Q1 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

The Company reaffirmed its 2024 GAAP EPS guidance range of $3.73 to $3.93, along with its 2024 adjusted EPS (non-GAAP) guidance range of $3.73 to $3.93. Additionally, the Company reaffirmed its long-term adjusted EPS (non-GAAP) annual growth target of 4% to 6% through 2026 off the original $3.65 midpoint of 2023 adjusted EPS guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.3%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.3%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+5.4%

Q4 2019

Best reaction

-7.1%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.9%+1.3%+2.8%
Q4 2025-3.0%+2.6%-2.1%
Q3 2025-1.8%+0.3%-4.5%
Q1 2025-4.4%-7.0%-6.3%
Q4 2024-0.8%-2.0%-1.8%
Q3 2024+2.4%+4.3%+3.1%
Q2 2024-0.8%+0.2%+1.3%
Q1 2024+1.6%+1.3%-3.0%
Q4 2023-1.3%+1.1%+7.2%
Q3 2023-2.7%-3.0%+1.5%
Q2 2023-1.3%-0.5%-8.2%
Q1 2023-0.2%+1.5%-7.2%
Q4 2022-0.9%-4.5%-2.2%
Q3 2022-0.5%-2.3%-4.9%
Q2 2022-0.8%+1.7%+0.0%
Q1 2022-0.9%-3.3%+1.9%
Q4 2021+3.0%+2.0%+10.3%
Q3 2021-0.3%-0.3%+1.5%
Q2 2021+0.7%+1.0%+3.4%
Q1 2021+0.5%-1.7%-1.3%
Q4 2020+0.5%+0.0%+10.2%
Q3 2020-1.3%+5.1%-1.5%
Q2 2020-1.2%-2.4%-6.4%
Q1 2020-2.5%-2.7%+10.1%
Q4 2019+5.4%+6.9%-20.8%
Q3 2019+0.5%+0.1%+0.9%
Q2 2019+1.3%+3.2%+4.6%
Q1 2019-1.2%+1.4%+5.0%
Q1 2018-1.2%+1.4%+5.0%
Q4 2016-7.1%-7.3%-3.1%
Q4 2018-6.6%-6.1%-2.3%
Q3 2017+0.2%+4.0%+5.8%
Q3 2018+0.2%+4.0%+5.8%
Q2 2018+0.7%+1.7%+3.0%
Q2 2017+0.7%+1.7%+3.0%
Q4 2017+0.7%+1.7%+3.0%
Q1 2017+0.7%+0.6%-4.3%
Q3 2016-0.0%-0.1%+0.5%
Q2 2016+1.5%+1.5%+0.2%
Q1 2016+1.1%
Q4 2015-1.8%
Q3 2015-0.2%
Q2 2015+1.3%
Q1 2015+0.8%
Q4 2014-1.9%
Q3 2014+0.1%
Q2 2014+0.2%
Q1 2014+0.0%
Q4 2013-1.1%
Q3 2013+0.7%
Q2 2013-2.2%
Q1 2013-0.3%
Q4 2012+4.5%
Q3 2012-1.0%
Q2 2012+1.0%
Q1 2012+0.4%
Q4 2011-1.5%
Q3 2011-4.5%
Q2 2011+1.2%
Q1 2011+1.1%
Q4 2010+0.7%
Q3 2010+1.1%
Q2 2010-2.1%
Q1 2010+0.9%

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