Overview

• Evergy Q2 2025 adjusted EPS meets analyst expectations, per LSEG data

• Co's adjusted EPS impacted by milder weather, higher expenses

• Evergy reaffirms 2025 adjusted EPS guidance, announces new projects

Outlook

• Evergy reaffirms 2025 adjusted EPS guidance of $3.92 to $4.12

• Company expects long-term EPS growth of 4% to 6% through 2029

• Evergy anticipates EPS growth in upper half of range starting 2026

Result Drivers

• MILDER WEATHER - Co attributes 26% decrease in cooling degree days to milder weather, impacting adjusted EPS

• HIGHER EXPENSES - Increased operations and maintenance expenses, as well as higher interest and depreciation, negatively affected adjusted EPS

• REVENUE RECOVERY - Revenue from recovery of regulated investments and growth in weather-normalized electricity demand partially offset negative impacts

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electric utilities peer group is "buy"

• Wall Street's median 12-month price target for Evergy Inc is $74.00, about 1% above its August 6 closing price of $73.25

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nBw6frJGBa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)