Evergy (NASDAQ:EVRG) Issues Quarterly Earnings Results

Evergy (NASDAQ:EVRG) posted its quarterly earnings data on Thursday. The company reported $0.69 earnings per share 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 analysts’ expectations of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company 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 Trading Down 1.1%

Evergy stock traded down $0.95 during midday trading on Friday, hitting $81.78. 2,963,753 shares of the stock were exchanged, compared to its average volume of 1,815,883. The company has a fifty day simple moving average of $82.07 and a two-hundred day simple moving average of $78.20. Evergy has a 52 week low of $63.29 and a 52 week high of $85.27. The stock has a market capitalization of $18.83 billion, a PE ratio of 21.69, a P/E/G ratio of 2.12 and a beta of 0.56. 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. Investors 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 annualized dividend and a yield of 3.4%. Evergy’s dividend payout ratio (DPR) is presently 73.74%.

Insider Buying and Selling

In related news, SVP Charles L. King sold 2,440 shares of Evergy 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Heather A. Humphrey sold 3,650 shares of Evergy stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total transaction of $301,526.50. Following the transaction, the senior vice president directly owned 44,007 shares in the company, valued at $3,635,418.27. The trade was a 7.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,937 shares of company stock valued at $736,492 in the last 90 days. 1.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prosperity Bancshares Inc bought a new position in Evergy during the 4th quarter worth approximately $32,000. Triumph Capital Management boosted its stake in Evergy by 104.8% during the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 260 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in Evergy by 163.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock valued at $38,000 after buying an additional 328 shares in the last quarter. MUFG Securities EMEA plc bought a new position in Evergy in the second quarter valued at approximately $47,000. Finally, Quarry LP lifted its stake in Evergy by 1,222.9% in the third quarter. Quarry LP now owns 635 shares of the company’s stock valued at $48,000 after buying an additional 587 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Bank of America lowered 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. BMO Capital Markets lifted their price target on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Citigroup lifted their price target on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Mizuho set a $82.00 price target on shares of Evergy in a research report on Monday, February 23rd. Finally, Barclays lifted their price target on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.60.

Key Evergy News

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

Evergy Company Profile

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.