Westar Energy Inc Ks 10-Q Quarterly Report November 2021

KANSAS CITY, MO., August 5, 2021 – Evergy, Inc. (NYSE: EVRG) today announced second quarter 2021 earnings of $185 million, or $0.81 per share, compared with earnings of $133 million, or $0.59 per share, for the second quarter of 2020.

Evergy's adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $195 million and $0.85, respectively, in the second quarter of 2021 compared with $154 million and $0.68, respectively, in the second quarter of 2020. Adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) are reconciled to GAAP earnings in the financial table included in this release.

Second quarter earnings per share were driven higher primarily by higher weather-normalized demand, higher transmission margin, lower operating and maintenance expense and higher other income, partially offset by unfavorable weather.

"Strong financial and operational execution allowed our team to deliver solid results in the first half of the year. We also completed a number of significant milestones, including the announcement of our Integrated Resource Plan (IRP), which outlines and accelerates the company's carbon reduction timeline, the completion of Sustainability Transformation Plan workshops in both Kansas and Missouri, and the passage of securitization legislation in both states," said David Campbell, Evergy president and chief executive officer. "We will remain focused on execution in order to capitalize on this strong momentum."

Earnings Guidance

The Company has reaffirmed its 2021 adjusted EPS guidance range of $3.20 to $3.40 and long-term adjusted EPS annual growth target of 6% to 8% from 2019 through 2024.

Dividend Declaration

The Board of Directors declared a dividend on the Company's common stock of $0.535 per share payable on September 20, 2021. The dividends are payable to shareholders of record as of August 20, 2021.

Earnings Conference Call

Evergy management will host a conference call Thursday, August 5, with the investment community at 8:00 a.m. ET (7:00 a.m. CT). Investors, media and the public may listen to the conference call by dialing (888) 353-7071, conference ID 3065454. A webcast of the live conference call will be available at http://investors.evergy.com.

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investors.evergy.com

The following information was filed by Westar Energy Inc Ks on Thursday, August 5, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Westar Energy Inc Ks provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.3: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.4: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.5: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.6: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Exhibit 32.3: Section 1350 Certification

CIK: 54507
Form Type: 10-Q Quarterly Report
Accession Number: 0001711269-21-000062
Submitted to the SEC: Tue Nov 02 2021 5:34:10 PM EST
Accepted by the SEC: Wed Nov 03 2021
Period: Thursday, September 30, 2021
Industry: Electric Services

External Resources:
SEC.gov

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Evergy Kansas Central, Inc. (54507) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

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