Evergy Inc (NASDAQ:EVRG) reported a Q2 revenue decline of 6.4% Y/Y to $1.35 billion, beating the consensus of $1.24 billion. 

Revenue fell 3.4% Y/Y to $1.12 billion in Total electric retail and 0.5% Y/Y to $100.5 million in the Transmission segment.

Meanwhile, Wholesale revenues rose 4.5% Y/Y to $83.1 million in the quarter.

Electricity Sales declined to 13,701 MWh in thousands from 14,754 a year ago.

Adjusted EPS of $0.81, down from $0.84, exceeded the consensus of $0.79.

As of June 30, 2023, cash and cash equivalents stood at $31.4 million, and operating cash flow came in at $715.2 million.

Dividend: The company's Board of Directors declared a dividend per share of $0.6125, payable on September 20, 2023, to shareholders of record as of August 21, 2023.

Outlook: EVRG reiterated 2023 adjusted EPS of $3.55-$3.75 vs. consensus of $3.63. 

Also, the company reaffirmed its long-term adjusted EPS annual growth target of 6% to 8% through 2025. 

Price Action: EVRG shares traded higher by 0.41% at $58.62 on the last check Friday.