The company said adjusted earnings (non-GAAP) for the 3 months ended September 30, 2024 were $465.6 million ($2.02 per share), and for year to date were $797.3 million ($3.46 per share). For the same periods in 2023, they were $432.3 million ($1.88) and $754.5 million ($3.27), respectively.

1. 01

   The company said adjusted earnings (non-GAAP) for the 3 months ended September 30, 2024 were $465.6 million ($2.02 per share), and for year to date were $797.3 million ($3.46 per share). For the same periods in 2023, they were $432.3 million ($1.88) and $754.5 million ($3.27), respectively.

2. 02

   Evergy said net income attributable to Evergy, Inc. rose in Q3 2024 compared with the same period in the prior year, citing the recognition of a $96.5 million regulatory liability for COLI rate credits in Q3 2023, new Evergy Kansas Central retail rates effective in December 2023, and higher transmission revenues. The company said higher taxes other than income tax partially offset these factors.

3. 03

   The company said Evergy Missouri West filed for an increase in retail revenues of approximately $104 million in February 2024, and in October 2024 it reached a partial stipulation with MPSC staff and other parties for an increase of approximately $55 million. The stipulation is subject to MPSC approval, which is expected in December 2024, and if approved, new rates are expected to take effect in January 2025.

4. 04

   The company said year-to-date operating cash flow through September 30, 2024 increased $36.4 million from the same period a year earlier. Over the same period, Evergy redeemed 2.45% Senior Notes totaling $800.0 million in September 2024 and issued $919.6 million of long-term debt.

Key figures

Quarter ended September 30, 2024

Revenue

$1.8B

Operating income

$628M

Net income

$466M

EPS

$2.02

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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