Evergy Schedules Conference Call to Discuss 2nd Quarter Results
In conjunction with the earnings release and conference call, the company plans to post on its website supplemental financial information related to second quarter 2025 performance. The materials will be available under Supplemental Materials in the Investors section of the company website at investors.evergy.com.
A replay of the conference call will be available on the Evergy website at investors.evergy.com.
About Evergy, Inc.
Evergy, Inc. (NASDAQ: EVRG), serves 1.7 million customers in Kansas and Missouri. Evergy's mission is to empower a better future. Our focus remains on producing, transmitting and delivering reliable, affordable, and sustainable energy for the benefit of our stakeholders. Today, about half of Evergy's power comes from carbon-free sources, creating more reliable energy with less impact to the environment. We value innovation and adaptability to give our customers better ways to manage their energy use, to create a safe, diverse and inclusive workplace for our employees, and to add value for our investors. Headquartered in Kansas City, our employees are active members of the communities we serve.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
12 minutes ago
- National Post
Seroda Ventures Acquires Majority Stake in Google Cloud Pure-Play Boutique Evonence, Merges with Cloudnyx.ai to Create Google Powerhouse
Article content Article content SCOTTSDALE, Ariz. — Seroda Ventures, a premier technology investment and incubation firm led by Vijay Rao, today announced its strategic majority investment in Evonence, a Google Cloud pure-play consulting firm. As part of the transaction, Evonence will merge with a Seroda-incubated system integrator with deep expertise in Google Cloud. Article content Vijay Shah, Founder and CEO of Evonence, will lead the newly combined entity as CEO, operating under the brand. The merger brings together Evonence's proven execution at scale—spanning 1,500+ clients, 100+ engagements, and over 150K Workspace users—with innovation-first approach to generative AI, agentic productivity, and orchestrated API architectures. This move further reinforces Seroda Ventures' commitment to building next-generation service providers in high-growth cloud ecosystems. Article content With end-to-end capabilities across BigQuery, Vertex AI, Google Workspace with Gemini, Apigee orchestration, and secure cloud modernization, is designed to meet the evolving demands of digital-native enterprises on Google Cloud. Article content 'Joining forces with Seroda Ventures marks a transformational moment for our team,' said Vijay Shah, Founder and CEO of Evonence. 'This is more than a partnership—it's a catalyst that will amplify our momentum and accelerate our ability to deliver breakthrough outcomes across the Google Cloud ecosystem. Seroda's proven track record of scaling boutique SIs will elevate both our brand and our ability to execute for the next phase of growth.' Article content 'We've long believed in the power of aligning great founders with great platforms,' said Vijay Rao, Managing Partner at Seroda Ventures. 'By uniting Cloudnyx and Evonence, this merger creates a stronger, more focused team purpose-built to drive value for Google Cloud users.' Article content will offer a full suite of consulting services for Google Cloud technology, from data warehouse modernization and AI/ML implementation to secure cloud architecture and managed services. Article content Backed by Seroda's strategic investment, is poised to become a differentiated, partner-first services player in the Google Cloud ecosystem, combining executional maturity with technical excellence. Article content About Seroda Ventures Article content Seroda Ventures is a leading investment and incubation firm focused on scaling high-growth IT services companies into industry leaders. With deep expertise in AI, cloud, automation, and enterprise technology modernization, Seroda partners with visionary founders to accelerate growth and create long-term market impact. In less than five years, Seroda has successfully built and exited two category-defining firms—underscoring its proven ability to drive value and deliver results. Today, Seroda is shaping the future of enterprise technology services. Article content About Article content Article content Cloudnyx is a Google Cloud boutique specializing in enterprise AI modernization and cloud-native transformation. We help organizations modernize infrastructure, operationalize AI, and accelerate innovation across the enterprise. With deep expertise in data engineering, MLOps, governance, and GenAI integration, delivers end-to-end solutions that turn complex cloud and AI initiatives into lasting business outcomes. Article content For more information, visit About Evonence Founded in 2014 and headquartered in Columbus, Ohio, Evonence (now part of is a Google Cloud partner specializing in delivering end-to-end Google Cloud solutions. The company has successfully completed more than 1,000 projects across diverse industries, including healthcare, retail, e-commerce, finance, manufacturing, and business services. Evonence remains committed to Google Cloud, continuing to expand its presence in the cloud and application development space. Article content Article content Article content
Globe and Mail
12 minutes ago
- Globe and Mail
Canadian Natural Q2 Earnings Beat Estimates, Expenses Decrease Y/Y
Canadian Natural Resources Limited CNQ reported second-quarter 2025 adjusted earnings per share of 51 cents, which beat the Zacks Consensus Estimate of 44 cents. However, the bottom line decreased from 64 cents in the year-ago quarter. The underperformance can be attributed to lower realized oil and natural gas liquid ('NGL') prices. Total revenues of $6.3 billion decreased from $6.6 billion in the prior-year period, fueled by declined product sales. However, the figure marginally beat the Zacks Consensus Estimate by $5 million. On Aug. 7, CNQ's board of directors approved its quarterly cash dividend of 58.75 Canadian cents per common share. The dividend will be payable on Oct. 3 to its shareholders of record as of the close of business on Sept. 19, 2025. This marks the company's continued commitment to returning value to its shareholders. This commitment is further evidenced by CNQ's impressive track record of growing and sustaining its dividend for 25 years, boasting a remarkable 21% annual growth rate over that period. In the second quarter of 2025, the company returned around C$1.6 billion directly to its shareholders. This included C$1.2 billion in dividends and C$0.4 billion from the repurchase and cancellation of 8.6 million common shares, purchased at a weighted average price of C$41.46 per share. The oil and gas exploration and production company delivered strong financial results in the second quarter of 2025, highlighted by net earnings of approximately C$2.5 billion. Furthermore, CNQ reported robust adjusted net earnings from operations of approximately C$1.5 billion. This strong performance was also reflected in the company's cash flow. From operating activities, cash flows totaled approximately C$3.1 billion and adjusted funds flow reached approximately C$3.3 billion. Up to Aug. 6, 2025, the Calgary-based company delivered significant returns to its shareholders, amounting to approximately C$4.6 billion. This total was composed of C$3.6 billion in dividends and C$1 billion through the repurchase and cancellation of 22.4 million common shares. CNQ's Production & Prices Canadian Natural reported quarterly production of 1,420,358 barrels of oil equivalent per day (Boe/d), up 10.5% from the prior-year quarter's level. However, the figure missed our model projection of 1,543,882 Boe/d. The oil and NGL output (accounting for around 75% of total volumes) increased to 1,019,149 barrels per day (Bbl/d) from 934,066 Bbl/d recorded a year ago. However, the figure missed our model projection of 1,137,442 Bbl/d. Natural gas volumes totaled 2,407 million cubic feet per day (MMcf/d), up 14.1% from 2,110 MMcf/d recorded in the year-ago period. However, the figure missed our model projection of 2,439 MMcf/d. Natural gas production in North America reached 2,398 MMcf/d in the second quarter of 2025 compared with 2,099 MMcf/d in the second quarter of 2024. However, the figure missed our model projection of 2,426 MMcf/d. Exploration and production activities in North America, not including thermal in situ methods, reported an average output of 271,022 Bbl/d. This indicates a 17% year-over-year increase during this quarter. Meanwhile, thermal in situ production volume increased to 274,789 Bbl/d from 268,044 Bbl/d recorded a year ago. However, the figure missed our model projection of 291,060 Bbl/d. The Oil Sands Mining and Upgrading operations in North America reported an average output of 463,808 Bbl/d of synthetic crude oil. This represented a 13% increase from the prior-year quarter levels of 410,518 Bbl/d. The realized natural gas price increased 62.3% to C$2.58 per thousand cubic feet from the year-ago level of C$1.59. The realized oil and NGL price decreased 19.7% to C$69.58 per barrel from C$86.64 in the second quarter of 2024. The company also achieved industry-leading annual operating costs for Oil Sands Mining and Upgrading, amounting to C$26.53 per barrel in the second quarter of 2025. Oil Sands Mining and Upgrading continues to outperform expectations, following both the Reliability Enhancement Project at Horizon and the debottlenecking at Athabasca Oil Sands Project, that were completed in 2024. On recently acquired Duvernay assets, Canadian Natural's effective and efficient operations have resulted in both capital and operating cost efficiencies. Additionally, the company achieved strong operating costs in the Duvernay of $8.43/Boe, a decrease of 11% from year-ago levels of $9.52/Boe. CNQ's Costs & Capital Expenditure Total expenses in the quarter were C$5.9 billion, down from C$6.8 billion recorded in the year-ago period. The decrease was mainly caused by lower blending and feedstock expense and foreign exchange gains. Capital expenditure totaled C$3 billion compared with C$2 billion a year ago. CNQ's Balance Sheet As of June 30, 2025, CNQ had cash and cash equivalents worth C$102 million and long-term debt of approximately C$15.7 billion, with a debt to capitalization of about 27.6%. CNQ's 2025 Guidance CNQ's capital budget for 2025 remains unchanged at $6.05 billion, excluding abandonments. For 2025, the production target also remains unchanged in the range of 1,510-1,555 thousand barrels of oil equivalent per day. In July 2025, after ending of the quarter, the company purchased certain producing and non-producing assets within its North America Exploration and Production segment for approximately $750 million, subject to final closing adjustments. This acquisition was not included in the 2025 capital budget. CNQ currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Important Earnings at a Glance While we have discussed CNQ's second-quarter results in detail, let us take a look at three other key reports in this space. Alberta, Canada-based integrated energy company, Suncor Energy Inc. SU reported second-quarter 2025 adjusted operating earnings of 51 cents per share, which marginally beat the Zacks Consensus Estimate of 50 cents. This outperformance can be attributed to strong production growth in its upstream segment. However, the bottom line declined considerably from the year-ago quarter's reported figure of 93 cents due to lower adjusted operating earnings in the downstream segment. Operating revenues of $8.6 billion beat the Zacks Consensus Estimate by 11.3% primarily due to increased sales volumes in both upstream and downstream segments. However, the top line decreased approximately 9.8% year over year. As of June 30, 2025, the company had cash and cash equivalents of C$2.3 billion and long-term debt of C$8.6 billion. Its debt-to-capitalization was 16.1%. Calgary, Canada-basedintegrated oil company, Imperial Oil Limited IMO reported second-quarter 2025 adjusted earnings per share of $1.34, which beat the Zacks Consensus Estimate of $1.22. However, the bottom line decreased from the year-ago quarter's $1.54. This decrease was due to lower upstream price realizations, partly offset by higher production volumes. Revenues of $8.1 billion missed the Zacks Consensus Estimate of $10.5 billion. The top line also decreased from the year-ago quarter's level of $9.8 billion, primarily due to weak performance in the Chemical segment. As of June 30, Imperial Oil had cash and cash equivalents of C$2.4 billion. Total debt of the company amounted to C$4 billion, with a debt-to-capitalization of 13.8%. Calgary, Canada-based vertically integrated operator of energy infrastructure assets, Pembina Pipeline Corporation PBA, reported second-quarter 2025 earnings per share of 47 cents, which was in line with the Zacks Consensus Estimate. The bottom line decreased from the year-ago quarter's level of 55 cents. This decrease was primarily due to an asset retirement at the Redwater Complex, lower profit from PGI and lower other income. Quarterly revenues of $1.3 billion decreased about 4.5% year over year. The metric also missed the Zacks Consensus Estimate of $1.6 billion significantly. As of June 30, 2025, PBA had cash and cash equivalents worth C$210 million and C$12.7 billion in long-term debt. Debt-to-capitalization was 42.8%. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Suncor Energy Inc. (SU): Free Stock Analysis Report Imperial Oil Limited (IMO): Free Stock Analysis Report Canadian Natural Resources Limited (CNQ): Free Stock Analysis Report Pembina Pipeline Corp. (PBA): Free Stock Analysis Report
Globe and Mail
12 minutes ago
- Globe and Mail
Capital Markets Bounce Back: What This Means for JPMorgan's Prospects
JPMorgan 's JPM capital markets operations, housed in its Commercial & Investment Bank (CIB) segment, are a core earnings driver, contributing roughly 40% of total net revenues. The segment's performance is highly correlated with deal-making momentum, trading activity and overall market conditions, making it a key beneficiary of a sustained capital markets revival. After a slowdown in 2022 and 2023 due to geopolitical tensions, recession fears and inflationary pressures, the capital markets staged a notable rebound last year. JPMorgan's investment banking (IB) fees within the CIB surged 36% year over year, reflecting improved underwriting volumes and advisory mandates, while markets revenues rose 7% on elevated volatility and trading demand. Importantly, the bank retained its #1 position in global IB fees, underscoring its competitive strength and client franchise depth even in challenging conditions. While early 2025 saw mixed sentiment, with optimism tempered by tariff-driven policy shocks, deal-making has regained momentum. JPMorgan captured an 8.9% IB wallet share in the first half of 2025, with IB fee growth expected to continue at a steady pace. This sustained uptrend in IB fees should provide a stable growth anchor for the CIB segment, as corporates re-enter equity and debt markets for capital raising and strategic transactions. On the trading side, markets revenues have historically been more volatile, swinging with macro uncertainty and client risk appetite. Hence, heightened geopolitical tensions, tariff-related uncertainty and episodic volatility in 2025 have spurred client hedging and trading needs, supporting revenue growth in the first half of the year. While structural normalization in trading activity is inevitable over time, JPMorgan's broad product coverage across fixed income, currencies, commodities and equities positions it to capture upside during volatility spikes. The revival of capital markets provides JPMorgan with a dual tailwind: a steady lift from the recovery in deal-making and opportunistic boosts from trading in periods of market dislocation. Given its leading market share, diversified capabilities and global reach, the bank is well-positioned to translate this cyclical upswing into sustained earnings momentum over time. How JPMorgan Stacks Up Against Peers in Capital Markets Similar to JPM, Bank of America BAC witnessed subdued IB performance in 2022 and 2023, with revival happening last year. In 2024, the company's IB fees soared 31% year over year. Then, in the first six months of 2025, Bank of America's IB fees declined on a year-over-year basis on muted industry-wide trends. Coming to the trading business, Bank of America's sales and trading revenues have been increasing since 2022 (the metric increased 13% year over year in the first half of 2025). Yet, the volatile nature of the business and expectations that it will gradually normalize toward the pre-pandemic level are likely to make growth in the same challenging. Another key peer, Morgan Stanley MS, leans heavily on the IB business to sustain profitability, with IB revenues jumping 36% last year after plunging in 2023 and 2022. But performance of the company's IB business has been subdued this year, with the metric rising just 1% from the prior-year quarter. Nonetheless, Morgan Stanley remains cautiously optimistic about the performance of the IB business, supported by a stable and diversified M&A pipeline. Also, Morgan Stanley's trading business performance has been stellar over the past several quarters, attributable to uncertainty surrounding the tariff plans and macroeconomic headwinds. As market volatility and client activity are expected to remain decent, the company's trading business will likely continue to grow. JPMorgan's Price Performance, Valuation and Estimates JPMorgan's shares have soared 21.2% this year, outperforming the S&P 500 Index's gain of 9.5%. From a valuation standpoint, JPM trades at a 12-month trailing price-to-tangible book (P/TB) of 2.98X, above the industry average. P/TB Ratio Image Source: Zacks Investment Research The Zacks Consensus Estimate for JPMorgan's 2025 earnings implies a decline of 1.3% on a year-over-year basis, while 2026 earnings are expected to grow at a rate of 4.5%. In the past week, earnings estimates for 2025 and 2026 have moved marginally upward. Earnings Estimates Image Source: Zacks Investment Research JPM currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank of America Corporation (BAC): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report
