Evergy misses quarterly profit view on higher expenses, mild weather [Yahoo! Finance]
Evergy, Inc. (EVRG)
Last evergy, inc. earnings: 11/6 04:30 pm
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Source: Yahoo! Finance
The company said mild winter weather impacted retail sales, reducing earnings in the quarter by about 7 cents per share compared to a typical winter. Warmer-than-usual winter weather conditions in service areas often reduce heating demand for electricity and natural gas, affecting utility companies such as Evergy. The company's operating expenses rose 5.2% to $1.07 billion in the quarter from a year earlier, while quarterly interest expenses rose 8.2% to $133.2 million. Higher interest rates have made borrowing more expensive for businesses, weighing on utility companies' costs and denting profits. Total revenue of $1.33 billion also missed analysts' average estimate of $1.35 billion, according to LSEG. The company provides energy to 1.7 million customers in Kansas and Missouri through its operating subsidiaries, Evergy Kansas Central, Evergy Metro, and Evergy Missouri West. The Kansas City, Missouri-based company reported an adjusted profit of 54 cents per share, missing
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EVRG
News
- Evergy, Inc. (NYSE: EVRG) had its price target raised by analysts at Barclays PLC from $56.00 to $61.00. They now have an "overweight" rating on the stock.MarketBeat
- Evergy, Inc. (NASDAQ:EVRG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Evergy (EVRG) Q1 Earnings Lag Estimates, Revenues Up Y/Y [Yahoo! Finance]Yahoo! Finance
- Evergy extends demand growth forecast on data center deals [Reuters]Reuters
- Evergy Announces First Quarter 2024 Results, Declares Quarterly Dividend and Reaffirms 2024 GuidanceBusiness Wire
EVRG
Earnings
- 5/9/24 - Miss
EVRG
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- EVRG's page on the SEC website