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Evergy Q1 Earnings Miss Estimates, Revenues Increase Y/Y
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Evergy, Inc. (EVRG - Free Report) reported first-quarter 2025 operating earnings per share (EPS) of 54 cents, which lagged the Zacks Consensus Estimate of 66 cents by 18.2%. In the year-ago quarter, the company reported earnings of 54 cents per share. (See the Zacks Earnings Calendar to stay ahead of market-making news.)
First-quarter adjusted EPS was driven by the recovery of regulated investments, partially offset by lower demand resulting from an unplanned customer maintenance shutdown and the impact of leap year during the year-ago period, raised interest expense, and higher depreciation and amortization expense.
Total Revenues of EVRG
Quarterly revenues totaled $1.37 billion, which missed the Zacks Consensus Estimate of $1.41 billion by 2.8%. In the year-ago quarter, the company posted revenues of $1.33 billion.
Fuel and purchased power totaled $355.3 million, down 5.6% from the year-ago quarter’s figure of $376.4 million.
Operating and maintenance expenses amounted to $232 million, flat year over year.
Interest expenses totaled $152.5 million, up 14.5% year over year.
EVRG’s Financial Update
Cash and cash equivalents as of March 31, 2025, totaled $35.3 million compared with $22 million as of Dec. 31, 2024.
Long-term debt as of March 31, 2025, was $12.4 billion compared with $11.81 billion as of Dec. 31, 2024.
Cash provided by operating activities in the first three months of 2025 was $449.6 million compared with $317.3 million in the year-ago quarter.
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 $4.03, higher than the midpoint of the company’s guided range.
The company reaffirmed its EPS annual growth target of 4-6% through 2029.
IDACORP (IDA - Free Report) reported first-quarter 2025 earnings of $1.10 per share, which surpassed the Zacks Consensus Estimate of $1.03 by 6.8%.
IDA’s long-term (three to five years) earnings growth rate is 8.47%. The Zacks Consensus Estimate for 2025 earnings is pinned at $5.81 per share, which implies a year-over-year improvement of 5.6%.
Exelon Corporation’s (EXC - Free Report) first-quarter 2025 earnings of 92 cents per share surpassed the Zacks Consensus Estimate of 85 cents by 8.3%.
EXC’s long-term earnings growth rate is 6.42%. The Zacks Consensus Estimate for 2025 sales is pinned at $24.01 billion, which indicates year-over-year growth of 4.3%.
Pinnacle West Capital Corporation (PNW - Free Report) reported first-quarter 2025 loss of 4 cents per share, which missed the Zacks Consensus Estimate of earnings of 5 cents by 180%.
PNW’s long-term earnings growth rate is 2.12%. The Zacks Consensus Estimate for 2025 earnings is pinned at $4.51 per share, which implies a year-over-year decline of 13.9%.
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Evergy Q1 Earnings Miss Estimates, Revenues Increase Y/Y
Evergy, Inc. (EVRG - Free Report) reported first-quarter 2025 operating earnings per share (EPS) of 54 cents, which lagged the Zacks Consensus Estimate of 66 cents by 18.2%. In the year-ago quarter, the company reported earnings of 54 cents per share. (See the Zacks Earnings Calendar to stay ahead of market-making news.)
First-quarter adjusted EPS was driven by the recovery of regulated investments, partially offset by lower demand resulting from an unplanned customer maintenance shutdown and the impact of leap year during the year-ago period, raised interest expense, and higher depreciation and amortization expense.
Total Revenues of EVRG
Quarterly revenues totaled $1.37 billion, which missed the Zacks Consensus Estimate of $1.41 billion by 2.8%. In the year-ago quarter, the company posted revenues of $1.33 billion.
Evergy Inc. Price, Consensus and EPS Surprise
Evergy Inc. price-consensus-eps-surprise-chart | Evergy Inc. Quote
Highlights of EVRG’s Earnings Release
Fuel and purchased power totaled $355.3 million, down 5.6% from the year-ago quarter’s figure of $376.4 million.
Operating and maintenance expenses amounted to $232 million, flat year over year.
Interest expenses totaled $152.5 million, up 14.5% year over year.
EVRG’s Financial Update
Cash and cash equivalents as of March 31, 2025, totaled $35.3 million compared with $22 million as of Dec. 31, 2024.
Long-term debt as of March 31, 2025, was $12.4 billion compared with $11.81 billion as of Dec. 31, 2024.
Cash provided by operating activities in the first three months of 2025 was $449.6 million compared with $317.3 million in the year-ago quarter.
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 $4.03, higher than 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 #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
IDACORP (IDA - Free Report) reported first-quarter 2025 earnings of $1.10 per share, which surpassed the Zacks Consensus Estimate of $1.03 by 6.8%.
IDA’s long-term (three to five years) earnings growth rate is 8.47%. The Zacks Consensus Estimate for 2025 earnings is pinned at $5.81 per share, which implies a year-over-year improvement of 5.6%.
Exelon Corporation’s (EXC - Free Report) first-quarter 2025 earnings of 92 cents per share surpassed the Zacks Consensus Estimate of 85 cents by 8.3%.
EXC’s long-term earnings growth rate is 6.42%. The Zacks Consensus Estimate for 2025 sales is pinned at $24.01 billion, which indicates year-over-year growth of 4.3%.
Pinnacle West Capital Corporation (PNW - Free Report) reported first-quarter 2025 loss of 4 cents per share, which missed the Zacks Consensus Estimate of earnings of 5 cents by 180%.
PNW’s long-term earnings growth rate is 2.12%. The Zacks Consensus Estimate for 2025 earnings is pinned at $4.51 per share, which implies a year-over-year decline of 13.9%.