Evergy said net income attributable to Evergy, Inc. and diluted EPS for the 3 months ended June 30, 2025 decreased compared to the same period in the prior year, citing lower retail sales driven by weather, higher operating, depreciation and interest expenses and losses from investments in early-stage clean energy companies. Adjusted earnings (non-GAAP) for the same period were $191.1 million, or $0.82 per share.

1. 01

   Evergy said net income attributable to Evergy, Inc. and diluted EPS for the 3 months ended June 30, 2025 decreased compared to the same period in the prior year, citing lower retail sales driven by weather, higher operating, depreciation and interest expenses and losses from investments in early-stage clean energy companies. Adjusted earnings (non-GAAP) for the same period were $191.1 million, or $0.82 per share.

2. 02

   The company said that in July 2025, Evergy Kansas Central, KCC staff and other intervenors reached a unanimous settlement agreement providing for an increase to retail revenues of $128.0 million after rebasing property tax expense. Subject to KCC approval, new rates are expected to be effective on September 29, 2025.

3. 03

   Evergy said it announced in October 2024 its plan to construct 2 combined-cycle natural gas plants in Kansas, each with an expected generating capacity of approximately 705 MW, with the first plant expected to begin operations by summer of 2029 and the second by summer of 2030. In July 2025, the KCC and MPSC approved non-unanimous settlement agreements regarding the related investments.

4. 04

   Evergy said cash flows from operating activities year to date June 30, 2025 increased $138.7 million compared to the same period in the prior year. As of June 30, 2025, available borrowing capacity under the master credit facility was $1,074.0 million.

Key figures

Quarter ended June 30, 2025

Revenue

$1.4B

Operating income

$344M

Net income

$171M

EPS

$0.74

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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