Archive · 7 Aug 2025
Evergy's Second-Quarter Profit Declines Amid Rising Expenses
Evergy, an electricity company, made less money in the second quarter.
This is because it cost them more to borrow money and run the business.
They spent more on things like keeping the power grid working and paid more in interest.
They also made less money because people used less electricity due to milder weather.
Despite these challenges, the company is expecting to make a similar amount of money per share in the future as analysts have predicted.
The company is also working on projects to generate energy from natural gas and solar power in Kansas and Missouri, as well as getting approvals for new initiatives.
Evergy's second-quarter profit decreased due to higher expenses.
Interest expenses for the quarter rose by 7.1% to $153.8 million.
Operating expenses increased to $1.09 billion from $1.08 billion the previous year.
Total revenue fell to $1.44 billion, and retail sales declined by 6.38%.
The company reaffirmed its 2025 adjusted operating earnings forecast.
- Who
- Evergy, an electricity company.
- What
- Evergy's second-quarter profit dropped.
- When
- The second quarter ended June 30.
- Where
- Kansas and Missouri (regarding new projects).
- Why
- Due to higher operating and interest expenses, as well as reduced power consumption.
Evergy's Financial Performance
Future Outlook
Financial Results
Evergy's Financial Performance
The company reported a decrease in net income and revenue.
Future Outlook
The company reaffirmed its forecast for adjusted operating earnings for 2025.
- Net Income (Q2)
- $171.3 million
- Earnings per Share (Q2)
- 74 cents
- Interest Expenses (Q2)
- $153.8 million
- Revenue (Q2)
- $1.44 billion
- Operating Expenses (Q2)
- $1.09 billion
- Retail Sales Decline
- 6.38%