KANSAS CITY, MO.— Evergy, Inc. today announced third quarter 2020 earnings of $365 million, or $1.60 per share, compared with earnings of $367 million, or $1.56 per share, for the third quarter of 2019.
The company says third quarter earnings per share were driven higher by lower operations and maintenance expenses due to continued cost management, an increase in weather-normalized demand due to higher residential demand and fewer shares outstanding.
These benefits were partially offset by lower gross margin from unfavorable weather.