Evergy, Inc. Earnings Recaps
Q1 2026
May 8, 2026
Evergy’s shares closed up modestly by 1.0% following first quarter results that broadly aligned with prior guidance, supported by continued progress in large customer contracts but without any significant upside to materially shift market sentiment.
Key takeaways
- Delivered adjusted EPS of $0.69 in Q1 2026, up from $0.55 a year ago, driven by regulated investment recovery, weather-normalized demand growth, and large load customer revenues.
- Signed a fifth large customer electric service agreement (ESA), adding to a pipeline that supports 7% to 8% annual retail load growth through 2030, with steady-state peak load commitments totaling approximately 3 gigawatts.
- Reaffirmed full-year 2026 adjusted EPS guidance range of $4.14 to $4.34 and long-term EPS growth target of 6% to 8%+ annually through 2030.
- Margins to benefit from amended ESAs and expansion opportunities, although upside from potential expansions and Tier 2 projects remains excluded from current financial plans.
- Regulatory filings, including the 2026 Integrated Resource Plan, will incorporate updated demand growth assumptions and revised cost estimates, indicating ongoing strategic adjustments ahead.
Q3 2025
Nov 7, 2025
Evergy's third quarter 2025 results show slight year-over-year adjusted earnings growth, driven by recovered regulated investments despite adverse weather impacts. The company has a strong outlook bolstered by significant demand growth opportunities.
Key takeaways
- Adjusted EPS for Q3 2025 is $2.03, up from $2.02 a year earlier, while year-to-date EPS has decreased slightly to $3.41 from $3.46.
- The company narrowed its 2025 adjusted EPS guidance to $3.92-$4.02, primarily due to weather-related challenges that impacted earnings by $0.13 per share.
- Evergy announced a 4% increase in its quarterly dividend, reflecting confidence in its updated growth outlook and commitment to a 60%-70% payout ratio.
- Strong interest from large customers is evident with a robust economic development pipeline, including a transformative 4-6 gigawatt opportunity projected to enhance regional growth and job creation.
- Operational performance remains strong, with generation availability and grid reliability both exceeding target metrics through September.