Evergy (NASDAQ:EVRG) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Evergy (NASDAQ:EVRG) announced its quarterly earnings data on Thursday. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.63 by $0.06, FiscalAI reports. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. Evergy’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. Evergy updated its FY 2026 guidance to 4.140-4.340 EPS.

Here are the key takeaways from Evergy’s conference call:

• Signed a 5th large-customer ESA (data center in Kansas Central) and amended two prior ESAs, bringing LLPS steady-state peak to ~2.5 GW (3.0 GW including non-LLPS) and management expects at least one more ESA in 2026, which management says bolsters adjusted EPS, demand growth, and credit metrics.
• First-quarter adjusted EPS was $0.69 versus $0.55 a year ago, driven by recovery/return on regulated investments and 4.7% weather‑normalized demand growth; the company reaffirmed 2026 adjusted EPS guidance of $4.14–$4.34 (midpoint $4.24) and gave Q2 guidance of 17%–19% vs. that midpoint.
• Higher load and capital outlook: retail load CAGR was raised to ~7%–8% through 2030 (up from 6%), expected capacity served of up to ~2.25 GW by 2030, and a modest upward bias to the $21.6B five‑year capital plan that lifts rate base CAGR to ~12%; planned equity issuance remains $700M–$900M/year (2026–2029) and FFO/debt is forecasted at ~14%–15% (2026–2028).
• Regulatory/affordability updates: Evergy will file 2026 IRPs in Kansas and Missouri, Kansas will flow back >$100M/year of nuclear production tax credits over three years to customers (affordability tailwind), Missouri Metro rate case is progressing toward new rates ~Jan 1, 2027, and Missouri West may see above‑inflation rate increases over the next five years to fund needed generation investments.

Evergy Stock Performance

Shares of NASDAQ EVRG traded down $0.95 during midday trading on Friday, reaching $81.78. 2,963,753 shares of the stock were exchanged, compared to its average volume of 1,815,883. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 2.12 and a beta of 0.56. Evergy has a twelve month low of $63.29 and a twelve month high of $85.27. The firm has a 50-day simple moving average of $82.07 and a two-hundred day simple moving average of $78.20. The company has a quick ratio of 0.27, a current ratio of 0.45 and a debt-to-equity ratio of 1.29.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.695 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. Evergy’s dividend payout ratio (DPR) is presently 73.74%.

Evergy News Summary

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Evergy beat first-quarter expectations, reporting adjusted EPS of $0.69 versus the $0.63 consensus and revenue of $1.44 billion versus $1.27 billion expected, supported by stronger demand and recovery in regulated investments. Reuters article
• Positive Sentiment: The company announced a new large customer, which could help future revenue growth and improve investor sentiment around load growth. AP/Bakersfield article
• Positive Sentiment: Evergy reaffirmed 2026 EPS guidance of $4.14 to $4.34, which suggests management still sees stable earnings growth ahead. AP/Bakersfield article
• Positive Sentiment: The board declared a quarterly dividend of $0.695 per share, reinforcing Evergy’s appeal as an income stock with an annualized yield of about 3.4%.
• Neutral Sentiment: Evergy’s higher interest expense was a headwind in the quarter, rising 14.4% year over year, which may temper enthusiasm despite the earnings beat. Zacks article

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Bank of America decreased their price objective on shares of Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Citigroup increased their price objective on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Barclays increased their price objective on shares of Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $91.00 price objective on shares of Evergy in a research report on Friday, January 23rd. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.60.

Insider Transactions at Evergy

In other news, SVP Charles L. King sold 2,440 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $82.19, for a total transaction of $200,543.60. Following the sale, the senior vice president owned 18,359 shares of the company’s stock, valued at $1,508,926.21. This trade represents a 11.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann D. Murtlow sold 2,847 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $82.34, for a total transaction of $234,421.98. Following the sale, the director directly owned 2,311 shares in the company, valued at $190,287.74. The trade was a 55.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,937 shares of company stock valued at $736,492 in the last 90 days. 1.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Evergy

A number of institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Evergy in the 4th quarter valued at $360,000. Compound Planning Inc. grew its stake in Evergy by 6.2% in the 4th quarter. Compound Planning Inc. now owns 8,472 shares of the company’s stock valued at $614,000 after acquiring an additional 498 shares during the period. Corient Private Wealth LLC grew its stake in Evergy by 80.5% in the 4th quarter. Corient Private Wealth LLC now owns 99,355 shares of the company’s stock valued at $7,202,000 after acquiring an additional 44,323 shares during the period. Alpine Woods Capital Investors LLC grew its stake in Evergy by 15.9% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 66,729 shares of the company’s stock valued at $4,837,000 after acquiring an additional 9,168 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its stake in Evergy by 2.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 292,628 shares of the company’s stock valued at $21,213,000 after acquiring an additional 6,675 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.