The company said GAAP net income for Q1 2024 was $122.7 million ($0.53 per share), compared with $142.6 million ($0.62 per share) for Q1 2023.

1. 01

   The company said GAAP net income for Q1 2024 was $122.7 million ($0.53 per share), compared with $142.6 million ($0.62 per share) for Q1 2023.

2. 02

   Evergy said adjusted earnings (non-GAAP) for Q1 2024 were $124.7 million ($0.54 per share), compared with $136.1 million ($0.59 per share) in 2023. It cited higher operation and maintenance expense, higher depreciation and amortization expense and higher interest expense as factors, partially offset by new retail rates and transmission margin.

3. 03

   The company said mild winter weather affected retail sales, reducing earnings for Q1 2024 by an estimated $(0.07) per share relative to normal weather.

4. 04

   The company said it reaffirmed its 2024 GAAP and adjusted (non-GAAP) EPS guidance of $3.73 to $3.93. Its board declared a dividend of $0.6425 per share, payable on June 20, 2024, to shareholders of record as of May 20.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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