Evergy, Inc. EVRG reported fourth-quarter 2024 operating earnings per share (EPS) of 35 cents, which lagged the Zacks Consensus Estimate of 36 cents by 2.8%. However, the bottom line increased 29.6% from the year-ago quarter’s figure of 27 cents.

Full-year adjusted earnings were $3.81 per share compared with $3.54 last year.

Full-year 2024 adjusted EPS benefited from new retail rates, FERC-regulated investments and growth in weather-normalized demand. These favorable results were partially offset by mild weather, higher depreciation and amortization expenses, as well as higher operations, maintenance and interest expenses.

Find the latest EPS estimates and surprises on Zacks Earnings Calendar.

Total Revenues of EVRG

Quarterly revenues totaled $1.26 billion, which surpassed the Zacks Consensus Estimate of $1.194 billion by 5.3%. In the year-ago quarter, the company posted revenues of $1.188 billion.

Full-year 2024 revenues totaled $5.85 billion compared with $5.51 billion last year.

Highlights of EVRG’s Earnings Release

Fuel and purchased power totaled $1.48 billion for the year, down 0.6% from last year’s figure of $1.49 billion.

Operating and maintenance expenses for the year amounted to $961.9 million, up 1.8% from last year’s figure of $945.3 million.

Interest expenses totaled $563.1 million, up 7% year over year.

EVRG’s Financial Update

Cash and cash equivalents as of Dec. 31, 2024, totaled $22 million compared with $27.7 million as of Dec. 31, 2023.

Long-term debt as of Dec. 31, 2024, was $11.81 billion compared with $11.05 billion as of Dec. 31, 2023.

Cash provided by operating activities in 2024 was $1.983 billion compared with $1.980 billion last year.

EVRG’s Guidance

The company reaffirmed its 2025 GAAP EPS and adjusted EPS guidance of $3.92-$4.12. The Zacks Consensus Estimate for the same is pegged at $4.02, which is the midpoint of the company’s guided range.

The company reaffirmed its EPS annual growth target of 4-6% through 2029.

EVRG’s Zacks Rank

EVRG carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Releases

NextEra Energy, Inc. NEE reported fourth-quarter 2024 adjusted earnings of 53 cents per share, which beat the Zacks Consensus Estimate of 51 cents by 3.9%.

The company’s long-term (three to five years) earnings growth rate is 7.78%. The Zacks Consensus Estimate for 2025 earnings is pegged at $3.68 per share, which implies a year-over-year improvement of 7.3%.

Eversource Energy ES reported fourth-quarter 2024 adjusted earnings of $1.01 per share, which surpassed the Zacks Consensus Estimate of 99 cents by 2%.

ES’ long-term earnings growth rate is 5.66%. The Zacks Consensus Estimate for 2025 sales is pinned at $12.91 billion, implying a year-over-year increase of 8.5%.

Exelon Corporation’s EXC fourth-quarter 2024 earnings of 64 cents per share surpassed the Zacks Consensus Estimate of 59 cents by 8.5%.

EXC’s long-term earnings growth rate is 5.71%. The Zacks Consensus Estimate for 2025 sales is pinned at $23.8 billion, implying a year-over-year increase of 3.4%.

 

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