NYSE$EVRG

Evergy Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Evergy's Q2 2024 earnings were announced, showing an increase in both GAAP and adjusted EPS compared to the previous year. The company reaffirmed its 2024 earnings guidance and declared a quarterly dividend.

Evergy reported Q2 2024 GAAP earnings of $207.0 million, or $0.90 per share, compared to $179.1 million, or $0.78 per share, for the second quarter 2023. Adjusted EPS (non-GAAP) was also $0.90, compared to $0.81 in 2023. The company reaffirmed its 2024 GAAP and adjusted EPS guidance of $3.73 to $3.93 and declared a quarterly dividend of $0.6425 per share.

  • GAAP EPS increased to $0.90, compared to $0.78 in the second quarter of 2023.
  • Adjusted EPS (Non-GAAP) rose to $0.90, compared to $0.81 in the prior year.
  • A quarterly dividend of $0.6425 per share was declared.
  • 2024 GAAP and Adjusted (Non-GAAP) EPS guidance reaffirmed at $3.73 to $3.93.

Headline financials

Total Revenue

$1.45B

Previous: $1.35B+6.9%
EPS

$0.90

Previous: $0.81+11.1%
Dividend per share

$0.64

No prior period
Capital Expenditures

-$1.3B

Previous: -$1.1B-17.4%
Free Cash Flow

-$1.09B

Previous: -$925M-17.7%
Net Income

$207M

Previous: $179M+15.6%
Operating Income

$358M

Previous: $337M+6.4%
Gross Profit

$1.45B

Previous: $1.35B+6.9%
Cash & Equivalents

$26.1M

Previous: $31.4M-16.9%
Total Assets

$31.8B

Previous: $30.3B+5.1%
Stock-Based Comp

$4.2M

Previous: $6.7M-37.3%

Revenue & EPS history

Evergy · Revenue · Quarterly

$1.45B

Q2 2024+6.9%vs Q2 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 Q2 2024

Historical avgQ2 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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