Evergy (NASDAQ:EVRG) Posts Earnings Results, Beats Expectations By $0.06 EPS

Evergy (NASDAQ:EVRG) issued its quarterly earnings data on Thursday. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06, FiscalAI reports. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $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 Down 1.1%

Shares of EVRG traded down $0.95 on Friday, reaching $81.78. The stock had a trading volume of 2,963,753 shares, compared to its average volume of 1,815,883. The firm has a market capitalization of $18.83 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.56. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.27 and a current ratio of 0.45. The company has a 50-day simple moving average of $82.07 and a 200-day simple moving average of $78.20. Evergy has a 12-month low of $63.29 and a 12-month high of $85.27.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd will be paid a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, May 22nd. 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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EVRG shares. Bank of America cut their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $91.00 price objective on shares of Evergy in a research report on Friday, January 23rd. Citigroup lifted their price objective on Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Barclays lifted their price objective on Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Finally, Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.60.

Insider Activity

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 stock was sold at an average price of $82.19, for a total value of $200,543.60. Following the completion of the transaction, the senior vice president owned 18,359 shares in the company, valued at $1,508,926.21. This trade represents a 11.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann D. Murtlow sold 2,847 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total value of $234,421.98. Following the completion of the transaction, the director owned 2,311 shares of the company’s stock, valued at approximately $190,287.74. The trade was a 55.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,937 shares of company stock worth $736,492 in the last quarter. 1.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EVRG. Brighton Jones LLC purchased a new position in shares of Evergy in the 4th quarter valued at approximately $257,000. United Services Automobile Association purchased a new position in Evergy during the first quarter valued at $223,000. Empowered Funds LLC raised its stake in Evergy by 19.5% during the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after buying an additional 758 shares during the last quarter. Woodline Partners LP raised its stake in Evergy by 40.7% during the first quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock valued at $1,340,000 after buying an additional 5,618 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in Evergy by 7.3% during the first quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock valued at $951,000 after buying an additional 939 shares during the last quarter. Hedge funds and other institutional investors 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.