Evergy, Inc. (EVRG) 2024 Q2 Earnings Call Summary
August 9, 2024 
Evergy, Inc. (EVRG)
| Market Cap | 0.21T |
|---|---|
| Beta | |
| P/E | 39.75452774136047 |
| EPS | 12.247158441111395 |
| Dividend | 0 |
| Dividend Yield | 0.00% |
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View original Evergy, Inc. earnings transcript →
Company key drivers
Note: all the quotes from earning call transcript
Driver 1: Economic Development Projects
Large projects like Google, Panasonic, and Meta significantly impact demand growth and infrastructure investment.
2024-Q2
- ... Google, Panasonic, and Meta. In aggregate, their demand represents approximately 750 megawatts of load. ...
- ... The overall economic development pipeline remains robust in both Kansas and Missouri with projects representing more than six Gigawatts of demand actively considering our service territories. ...
2024-Q1
- ... Google, Panasonic and Meta, which represent major economic development wins in 3 of our 4 jurisdictions. ...
- ... The overall economic development pipeline continues to show promise in both Kansas and Missouri with more than $10 billion of projects considering locating in our service territories. ...
Driver 2: Regulatory and Legislative Support
Supportive legislation like HB 2527 in Kansas and PISA in Missouri mitigate regulatory lag and support infrastructure investment.
2024-Q2
- ... House Bill 2527 in Kansas, which became effective on July 1st of this year. The bill incorporated multiple provisions to establish a competitive framework for electric infrastructure investment. ...
- ... The PISA provisions and in HB 2527 served to mitigate regulatory lag between rate cases very similar to how it works in Missouri. ...
2024-Q1
- ... The passage of HB-2527 signals the support of Kansas legislators, regulators and stakeholders for infrastructure investment in support of economic development. ...
- ... Key provisions would amend the piece of statute to include new natural gas units and a 90% deferral and extend the piece of sunset to 2035. ...
Driver 3: Integrated Resource Plan (IRP)
The IRP outlines significant resource additions and investments, impacting future capex and sustainability goals.
2024-Q2
2024-Q1
- ... This year's IRP reflects the impact of updating our long-term expected load growth, including the addition of the recently announced Google data center in Missouri. ...
- ... In aggregate, the 2024 preferred plan includes 5,800 megawatts of resource additions through 2033, representing an increase of 1,500 megawatts over the next 10 years. ...
Driver 4: Weather-Normalized Demand Growth
Weather-normalized demand growth is a key driver for revenue and infrastructure planning.
2024-Q2
Driver 5: Capital Expenditure (CapEx) Plans
CapEx plans are crucial for infrastructure development and future growth.
2024-Q2
2024-Q1
- ... Our recently updated capital investment plan, which includes $12.5 billion in infrastructure investment does not yet reflect and incorporate the impact of changes that were reflected in our 2024 IRP. ...
- ... We will provide you an update on our capital plan on our third quarter earnings call. ...
Driver 6: Operational and Maintenance (O&M) Costs
Managing O&M costs is essential for maintaining margins and financial health.