Description

Evergy’s Next Big Catalyst — 3 GW Of Load Meets A $21.6 Billion Capital Plan!

Evergy, Inc. reported second quarter adjusted earnings of $0.88 per share, up from $0.82 per share in the same period last year. This improvement was primarily driven by recovery of regulated investments, retail load growth, and revenue increases from large load customers, partially offset by higher operations and maintenance expenses, depreciation, and interest costs. Weather-normalized demand grew 1.8% in the quarter and 3.3% year-to-date, fueled mainly by commercial and industrial usage, especially from data center operations and Panasonic’s continued ramp. The company projects retail load growth at a compound annual growth rate of approximately 7% to 8% through 2030, supported by signed large load contracts for about 3 gigawatts and an expanding pipeline of potential projects.