The company said GAAP net income for Q2 2024 was $207.0 million, or $0.90 per diluted share, compared with $179.1 million, or $0.78 per share, for Q2 2023.

1. 01

   The company said GAAP net income for Q2 2024 was $207.0 million, or $0.90 per diluted share, compared with $179.1 million, or $0.78 per share, for Q2 2023.

2. 02

   Evergy said adjusted earnings (non-GAAP) for Q2 2024 were $207.0 million, or $0.90 per share, compared with $186.1 million, or $0.81 per share, for Q2 2023. It added that non-GAAP reconciling items for Q2 2024 are not shown in the table.

3. 03

   The company cited warmer than normal weather, growth in weather-normalized demand, new retail rates and higher transmission margin as the main reasons adjusted EPS (non-GAAP) for Q2 was higher than a year earlier. It said higher operation and maintenance expense, higher depreciation and amortization expense and higher interest expense partially offset these gains.

4. 04

   The company reaffirmed its 2024 GAAP and adjusted (non-GAAP) EPS guidance ranges of $3.73 to $3.93, respectively. The Board of Directors declared a quarterly dividend of $0.6425 per common share, payable on September 20, 2024 to shareholders of record as of August 20, 2024.

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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