Evergy, Inc. (NASDAQ:EVRG) Q3 2024 Earnings Conference Call November 7, 2022 9:00 AM ET

Company Participants

Peter Flynn - Director, IR
David Campbell - Chairman & CEO
Bryan Buckler - EVP & CFO

Conference Call Participants

Shahriar Pourreza - Guggenheim Partners
Julien Dumoulin-Smith - Jefferies
Durgesh Chopra - Evercore
Michael Sullivan - Wolfe
Travis Miller - Morningstar
Ryan Levine - Citi
Paul Patterson - Glenrock Associates
Paul Fremont - Ladenburg Thalmann

Operator

Good day, and thank you for standing by. Welcome to the Third Quarter 2024 Evergy, Inc. Earnings Conference Call. [Operator Instructions]

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Peter Flynn, Director of Investor Relations. Please go ahead.

Peter Flynn

Thank you, Jill, and good morning, everyone. Welcome to Evergy's Third 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 Bryan Buckler, Executive Vice President and Chief Financial Officer. David will cover third quarter highlights, provide updates on our generation plans and our regulatory and legislative agendas and discuss updates to our financial outlook. Bryan will cover our third quarter results, retail sales trends and our long-term guidance. Other members of management are with us and will be available during the Q&A portion of the call.

I'll 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 third quarter adjusted earnings of $2.02 per share compared to $1.88 per share a year ago. The increase over last year was driven primarily by demand growth, new retail sales and FERC investments partially offset by cooler summer weather and higher depreciation and amortization expense.

Our year-to-date adjusted earnings are $3.46 per share compared to $3.27 per share a year ago. With these solid results year-to-date, we are reaffirming our 2024 adjusted EPS guidance range of $3.73 per share to $3.93 per share.

Bryan will discuss these earnings drivers in more detail in his portion of the remarks. Speaking of Bryan, as many of you know, he joined Evergy on October 1 as our Chief Financial Officer. Bryan brings a strong track record of experience to our company and he'll be a tremendous addition to our leadership team.