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Evergy's Q1 Adjusted Earnings Fall, Revenue Rises; 2024 Outlook Reaffirmed, Quarterly Dividend Maintained
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Evergy's Q1 Adjusted Earnings Fall, Revenue Rises; 2024 Outlook Reaffirmed, Quarterly Dividend Maintained
May 9, 2024 5:30 AM

08:02 AM EDT, 05/09/2024 (MT Newswires) -- Evergy ( EVRG ) reported Q1 adjusted earnings Thursday of $0.54 per diluted share, down from $0.59 a year earlier.

Analysts polled by Capital IQ expected $0.64.

Total revenue for the quarter ended March 31 was $1.33 billion, up from $1.30 billion a year earlier.

One analyst surveyed by Capital IQ expected $1.35 billion.

For 2024, the utility company reaffirmed its adjusted earnings guidance of $3.73 to $3.93 per share. Analysts polled by Capital IQ expect $3.83.

Evergy ( EVRG ) also reaffirmed its long-term adjusted earnings per share annual growth target of 4% to 6% through 2026 from the $3.65 midpoint of the original 2023 adjusted earnings per share guidance range.

The company's board also maintained its quarterly dividend at $0.6425 per share, payable June 20 to shareholders of record May 20.

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