NYSE$EVRG

Evergy Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Evergy's second quarter earnings decreased compared to the same period last year, but the company reaffirmed its full-year guidance.

Evergy reported GAAP earnings of $179.1 million, or $0.78 per share, for the second quarter of 2023, compared to $194.5 million, or $0.84 per share, for the second quarter of 2022. Adjusted earnings (non-GAAP) were $186.1 million, or $0.81 per share, compared to $194.5 million, or $0.84 per share, in 2022. The company reaffirmed its 2023 GAAP EPS guidance range of $3.55 to $3.75 and its adjusted EPS (Non-GAAP) guidance range of $3.55 to $3.75.

  • Second Quarter 2023 GAAP EPS was $0.78, compared to $0.84 in 2022.
  • Second Quarter 2023 Adjusted EPS (Non-GAAP) was $0.81, compared to $0.84 in 2022.
  • A quarterly dividend of $0.6125 per share was declared.
  • 2023 GAAP EPS Guidance is $3.55 to $3.75; 2023 Adjusted EPS (Non-GAAP) Guidance of $3.55 to $3.75 was reaffirmed.

Headline financials

Total Revenue

$1.35B

Previous: $1.45B-6.4%
EPS (adj)

$0.81

Previous: $0.86-5.8%
Capital Expenditures

-$1.1B

Previous: -$1.12B+1.1%
Free Cash Flow

-$925M

Previous: -$922M-0.3%
Net Income

$179M

Previous: $195M-7.9%
Operating Income

$337M

Previous: $336M+0.3%
Gross Profit

$1.35B

Previous: $1.45B-6.4%
Cash & Equivalents

$31.4M

Previous: $22.4M+40.2%
Total Assets

$30.3B

Previous: $29.2B+3.7%
Stock-Based Comp

$6.7M

Previous: $6.5M+3.1%

Revenue & EPS history

Evergy · Revenue · Quarterly

$1.35B

Q2 2023-6.4%vs Q2 2022
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

The Company reaffirmed its 2023 GAAP EPS guidance range of $3.55 to $3.75, along with its 2023 adjusted EPS (Non-GAAP) guidance range of $3.55 to $3.75. Additionally, the Company reaffirmed its long-term adjusted EPS (Non-GAAP) annual growth target of 6% to 8% through 2025 from the $3.30 midpoint of the original 2021 adjusted EPS (Non-GAAP) guidance range.

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 Q2 2023

Historical avgQ2 2023

-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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