Evergy, Inc. (EVRG - Free Report) reported fourth-quarter 2021 operating earnings of 16 cents per share, which surpassed the Zacks Consensus Estimate of 4 cents by 300%.
The reported earnings were down 42.9% year over year. Earnings per share declined year over year due to unfavorable weather, higher operational costs primarily due to timing and phasing, and income tax-related items.
GAAP earnings for the reported quarter were 23 cents compared with 22 cents per share in the year-ago period.
Adjusted earnings of Evergy for 2021 were $3.54 per share, beating the Zacks Consensus Estimate of $3.52 by 0.6%. Earnings also improved 14.2% year over year.
Total Revenues
Evergy’s total revenues came in at $1,121.1 million, reflecting an increase of 26.5% from the year-ago quarter’s $1,094.4 million.
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Evergy, Inc. (EVRG - Free Report) reported fourth-quarter 2021 operating earnings of 16 cents per share, which surpassed the Zacks Consensus Estimate of 4 cents by 300%.
The reported earnings were down 42.9% year over year. Earnings per share declined year over year due to unfavorable weather, higher operational costs primarily due to timing and phasing, and income tax-related items.
GAAP earnings for the reported quarter were 23 cents compared with 22 cents per share in the year-ago period.
Adjusted earnings of Evergy for 2021 were $3.54 per share, beating the Zacks Consensus Estimate of $3.52 by 0.6%. Earnings also improved 14.2% year over year.
Total Revenues
Evergy’s total revenues came in at $1,121.1 million, reflecting an increase of 26.5% from the year-ago quarter’s $1,094.4 million.
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