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.

Evergy's (EVRG) second-quarter earnings and revenues increase year over year. However, total operating expenses also increase during the same period.

Evergy, Inc. EVRG is set to release earnings results for its second quarter, before the opening bell on Aug. 9, 2024.

Evergy's (EVRG) second-quarter 2024 results are expected to continue to benefit from investments, energy efficiency programs and cost-saving initiatives.

The utility sector may be one to consider amid heightened market volatility and the potential resurgence of broader economic fears. This is especially true after Friday's jobs report showed the US labor force continued to cool while the unemployment rate rose to 4.3%, its highest peak since 2021.

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Evergy Inc (EVRG) and Southern Co. (SO). But which of these two stocks offers value investors a better bang for their buck right now?

The bull run continues for SPY in July, with the ETF adding 1.21% to its year-to-date return. After breaking a 3-month winning streak in June the watchlist comes back strong in July posting a gain of 5.72%. The top 10 stocks on the watchlist for August 2024 offer a 3.66% dividend yield, more than double the S&P 500.

Evergy and Interactions Win Chartwell Excellence in Digital Experience Award Evergy and Interactions Win Chartwell Excellence in Digital Experience Award

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We have narrowed our search to five utility stocks that are regular dividend payers. These stocks are: VST, EVRG, PPL, PCG, POR.

The technology sector has outperformed the S&P by 11% in the past month. Electric utilities provide an indirect way to benefit from the artificial intelligence revolution. Evergy is a utility with an investment-grade balance sheet that should benefit from an expanding need for electricity.

Evergy (EVRG) with rising estimates for earnings per share, strong ROE and regular dividend, makes a solid investment choice in the utility space.