The following is a summary of the Evergy, Inc. (EVRG) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Reported Q3 adjusted earnings of $2.02 per share, up from $1.88 year-over-year, driven by demand growth and new retail sales.

• Year-to-date adjusted earnings are at $3.46 per share, up from $3.27 year-over-year.

• Reaffirmed 2024 adjusted EPS guidance range of $3.73 to $3.93 per share, and established 2025 adjusted EPS guidance range of $3.92 to $4.12 per share.

Business Progress:

• Announced plans to invest in 2 new combined cycle natural gas plants and 3 solar farms totaling 325 megawatts.

• Construction of these plants is scheduled to begin in 2026 and 2027, respectively, expected to create over 1,000 jobs and substantial property tax revenues.

• Filed a request for certificates of convenience and necessity for the solar projects, aiming for commercial operations in 2027.

Opportunities:

• Expected to capitalize on historic economic development opportunities in Kansas and Missouri, enhancing grid and generation capacity to meet growing customer demands.

• Engaged in advanced negotiations with potential large customers, analyzing over 6 gigawatts of potential demand, which includes plans like Google's Data Center and Panasonic's EV battery manufacturing facility.

Risks:

• Dependency on regulatory approvals for new plant constructions and rate cases could impact project timelines and financial projections.

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