Evergy, Inc. (NASDAQ:EVRG) Q2 2024 Earnings Conference Call August 9, 2024 9:00 AM ET
Company Participants
Peter Flynn - Director, IR
David Campbell - President, CEO & Director
Geoff Ley - Acting Chief Financial Officer and Treasurer
Conference Call Participants
James Kennedy - Guggenheim Partners
Nicholas Campanella - Barclays Bank
Julien Dumoulin-Smith - Jeffries
Michael Sullivan - Wolfe Research
Travis Miller - Morningstar
Paul Patterson - Glenrock Associates
Operator
Good day, and thank you for standing by. Welcome to the Q2 2024 Evergy, Inc. Earnings Conference Call. At this time all participants are in a listen-only mode. After the speakers’ presentation, there will be a question and answer session. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Peter Flynn, Director of Investor Relations. Please go ahead.
Peter Flynn
Thank you, Didi, and good morning, everyone. Welcome to Evergy's Second Quarter 2024 Earnings Conference Call. Our webcast slides and supplemental financial information are available on our Investor Relations website at investors.evergy.com.
Today's discussion will include forward-looking information. Slide 2 and the disclosures in our SEC filings contain a list of some of the factors that could cause future results to differ materially from our expectations. They also include additional information on our non-GAAP financial measures.
Joining us on today's call are David Campbell, Chairman and Chief Executive Officer; and Geoff Ley Acting Chief Financial Officer and Treasurer. David will cover second quarter highlights, and an update on our regulatory and legislative agendas. Geoff will cover our second quarter results, retail sales trends, and our financial outlook for 2024. Other members of management are with us and will be available during the Q&A portion of the call.
I will now turn the call over to David.
David Campbell
Thanks, Pete, and good morning, everyone. I'll begin on Slide 5. This morning, we reported second quarter adjusted earnings of $0.90 per share compared to $0.81 per share a year ago. The increase in adjusted earnings over the last year was driven primarily by demand growth, weather, new retail rates and higher transmission margin, partially offset by higher operations and maintenance cost D&A and interest expense. Geoff will discuss these earnings drivers in more detail in his remarks.
Now as you all know, Kirk Andrews resigned from his role as Chief Financial Officer on June 4th. We were excited to appoint Geoff Ley as Acting CFO on June 7th while we conduct an internal and external search. We expect to conclude the search this year. Geoff worked closely with Kirk and me and he brings enough standing capabilities set to the role which has enabled a smooth transition.