AI English summary of an SEC filing — figures as filed
Evergy EVRGEvergy said full-year 2024 GAAP net income was $873.5 million, or $3.79 per share, compared to $731.3 million, or $3.17 per share, for 2023. Adjusted net income (non-GAAP) was $877.9 million, or $3.81 per share, and for 2023 was $815.6 million, or $3.54 per share.
Key points
AI summaryEvergy said full-year 2024 GAAP net income was $873.5 million, or $3.79 per share, compared to $731.3 million, or $3.17 per share, for 2023. Adjusted net income (non-GAAP) was $877.9 million, or $3.81 per share, and for 2023 was $815.6 million, or $3.54 per share.
The company said Q4 2024 GAAP net income was $78.2 million, or $0.34 per share, compared to $58.0 million, or $0.25 per share, for Q4 2023. Adjusted net income (non-GAAP) for Q4 was $80.6 million, or $0.35 per share, and for Q4 2023 was $61.1 million, or $0.27 per share.
Evergy said full-year 2024 adjusted earnings per share benefited from new retail rates, FERC regulated investments and growth in weather-normalized demand. Mild weather and higher depreciation and amortization expense, as well as higher operations and maintenance and interest expense, partially offset these favorable results. The company said adjusted EPS of $3.81 was within its guidance range of $3.73 to $3.93.
Evergy reaffirmed its 2025 GAAP and adjusted EPS (non-GAAP) guidance range of $3.92 to $4.12 and reaffirmed its long-term adjusted EPS annual growth target of 4% to 6% through 2029. The company declared a quarterly dividend of $0.6675 per share, payable on March 21, 2025.
Summary
AI-writtenAnalysis 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.
Full-year 2024 GAAP and adjusted earnings per share
Evergy said full-year 2024 GAAP net income was $873.5 million, or $3.79 per share, compared to $731.3 million, or $3.17 per share, for 2023. Adjusted net income (non-GAAP) was $877.9 million, or $3.81 per share, and for 2023 was $815.6 million, or $3.54 per share.
Source · Based on the filing body and exhibits
Q4 2024 GAAP and adjusted net income
The company said Q4 2024 GAAP net income was $78.2 million, or $0.34 per share, compared to $58.0 million, or $0.25 per share, for Q4 2023. Adjusted net income (non-GAAP) for Q4 was $80.6 million, or $0.35 per share, and for Q4 2023 was $61.1 million, or $0.27 per share.
Source · Based on the filing body and exhibits
2024 adjusted earnings per share drivers and guidance range
Evergy said full-year 2024 adjusted earnings per share benefited from new retail rates, FERC regulated investments and growth in weather-normalized demand. Mild weather and higher depreciation and amortization expense, as well as higher operations and maintenance and interest expense, partially offset these favorable results. The company said adjusted EPS of $3.81 was within its guidance range of $3.73 to $3.93.
Source · Based on the filing body and exhibits
2025 EPS guidance reaffirmed and quarterly dividend
Evergy reaffirmed its 2025 GAAP and adjusted EPS (non-GAAP) guidance range of $3.92 to $4.12 and reaffirmed its long-term adjusted EPS annual growth target of 4% to 6% through 2029. The company declared a quarterly dividend of $0.6675 per share, payable on March 21, 2025.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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