News Summary
Evergy, Inc. announced its first quarter earnings for 2025, reporting $125 million in profit, slightly up from the previous year. Despite challenges such as lower customer demand due to maintenance shutdowns and increased costs, the company remains optimistic about future infrastructure investments in Missouri and Kansas. Evergy also declared a quarterly dividend and plans to pursue new energy projects to enhance its capabilities.
Kansas City, MO – Evergy, Inc. (NASDAQ: EVRG) reported a first quarter 2025 earnings of $125 million, yielding an earnings per share (EPS) of $0.54. This figure reflects a slight increase from the first quarter of 2024, which recorded earnings of $122.7 million, or $0.53 per share. The company also announced that the adjusted earnings for the first quarter match the prior year’s figures, remaining at $0.54 per share.
In the first quarter of 2025, Evergy’s performance was driven by recovery in regulated investments. Nevertheless, earnings were affected by lower customer demand due to an unplanned maintenance shutdown, as well as other factors such as a leap year effect, increased interest expenses, and rising depreciation and amortization costs. The report showed first-quarter revenue stood at approximately $1.37 billion.
Demand for energy during this period grew by 2.7%, but when adjusted for weather-normalized conditions, it saw a decrease of 3%. Adverse weather conditions, particularly heavy snowfall in January and February, negatively impacted business activity and earnings. Evergy serves around 1.7 million customers across Kansas and Missouri, and faced competitive challenges in securing business projects amid these conditions.
In light of recent legislative developments in both Missouri and Kansas, Evergy’s leadership expressed optimism regarding future infrastructure investments and resource reliability. Missouri’s Senate Bill 4, which was recently signed into law, is expected to bolster infrastructure investments, while Kansas Senate Bill 98 aims to attract larger data center clients to the state.
Additionally, Evergy plans to pursue new generation projects in Kansas, focusing on high-efficiency natural gas plants and expanding their solar farm capabilities. In reaffirming its guidance for the year, the company maintained its forecast for GAAP and adjusted EPS in the range of $3.92 to $4.12 for 2025, alongside a long-term annual adjusted EPS growth target of 4% to 6% through 2029.
The company also declared a quarterly dividend of $0.6675 per share, which will be payable to shareholders on June 20, 2025, to those on record by May 23, 2025. This dividend declaration illustrates Evergy’s commitment to returning value to its shareholders while navigating the evolving energy landscape.
An earnings conference call is scheduled for May 8, 2025, where company officials will discuss these results and their implications with the investment community. New announcements regarding potential data center developments are anticipated later this year, which could significantly elevate energy demand as Evergy seeks to leverage its capacity amid competitive pressures.
Overall, while the first quarter of 2025 presented certain challenges for Evergy, the company seems well-positioned to adapt and grow in accordance with regulatory changes and an increasing focus on infrastructure development in the region.
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- Kansas Reflector: Evergy, Black Hills Energy Report on Target Earnings for 2025
- Wikipedia: Evergy
- CT Insider: Evergy Q1 Earnings Snapshot
- Google Search: Evergy earnings
- Business Wire: Evergy Announces First Quarter 2025 Results
- Encyclopedia Britannica: Evergy
- News Press Now: Evergy Q1 Earnings Snapshot
- Google News: Evergy Q1 2025
