Evergy Announces Third Quarter 2022 Results
Evergy, Inc. (NYSE: EVRG) today announced third quarter 2022 GAAP earnings of $428 million, or $1.86 per share, compared to GAAP earnings of $449 million, or $1.95 per share, for third quarter 2021
KANSAS CITY, Mo.--(BUSINESS WIRE)--Nov 4, 2022--
Evergy, Inc. (NYSE: EVRG) today announced third quarter 2022 GAAP earnings of $428 million, or $1.86 per share, compared to GAAP earnings of $449 million, or $1.95 per share, for third quarter 2021.
Evergy’s third quarter 2022 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $462 million and $2.01, respectively, compared to $452 million and $1.97, respectively, in third quarter 2021. Adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) are reconciled to GAAP earnings in the financial table included in this release.
Third quarter earnings were driven by higher weather-normalized demand, favorable weather, and higher transmission margin, partially offset by higher depreciation and amortization expense and higher interest expense.
