Evergy (NASDAQ:EVRG) Posts Quarterly Earnings Results

Evergy (NASDAQ:EVRG) posted its quarterly earnings results on Thursday. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07, FiscalAI reports. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.36 billion. Evergy had a return on equity of 9.20% and a net margin of 15.19%.During the same quarter in the prior year, the company earned $0.82 EPS. Evergy updated its FY 2026 guidance to 4.140-4.340 EPS.

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

• Evergy reported second-quarter adjusted EPS of $0.88, up from $0.82 a year earlier, and reaffirmed its 2026 adjusted EPS midpoint of $4.24. Management also maintained its 6%-8%+ long-term EPS growth target, with growth expected to exceed 8% annually from 2028 through 2030.
• Large-customer momentum remains strong, with five executed agreements covering approximately 2.5 GW of steady-state peak load and roughly 3 GW including other large customers. Evergy expects to sign at least one additional agreement in 2026, while a broader pipeline includes 2.0-2.5 GW of expansion opportunities and 1-2 GW of Tier 2 projects.
• Signed large-load agreements support expected retail load growth of approximately 7%-8% through 2030 and have raised projected rate-base CAGR to about 12% through 2030. The company expects incremental generation investment of roughly $1 billion beyond its existing $21.6 billion five-year capital plan, with further upside if additional agreements are signed.
• Higher operations and maintenance, depreciation, and interest expenses reduced second-quarter EPS by a combined $0.08, while convertible-bond dilution reduced EPS by $0.02. Evergy also expects Missouri West residential rates to rise above inflation over the next five years as it funds new dispatchable generation and infrastructure, although rates are expected to remain regionally competitive.
• The company is advancing regulatory proceedings in Kansas and Missouri, including a Missouri Metro rate case and approvals for new natural gas, solar, and battery facilities. Management characterized the Missouri Metro case as potentially constructive because data-center growth reduced its requested revenue requirement by $25 million, but final outcomes remain subject to regulatory review and settlement discussions.

Evergy Stock Up 0.4%

NASDAQ:EVRG traded up $0.36 during mid-day trading on Friday, hitting $83.38. 1,655,563 shares of the company’s stock traded hands, compared to its average volume of 1,942,341. The company has a fifty day moving average of $84.60 and a 200 day moving average of $82.36. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.24 and a current ratio of 0.36. Evergy has a twelve month low of $70.42 and a twelve month high of $88.62. The company has a market capitalization of $19.22 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.15 and a beta of 0.54.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, August 18th. Evergy’s dividend payout ratio is currently 73.74%.

Wall Street Analysts Forecast Growth

EVRG has been the subject of a number of research reports. BTIG Research set a $97.00 price objective on shares of Evergy in a research note on Thursday, July 23rd. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a research report on Tuesday, April 21st. Citigroup boosted their price target on shares of Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a report on Friday, July 24th. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Finally, Barclays increased their price objective on shares of Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.60.

Insider Buying and Selling

In other news, Director Sandra Aj Lawrence sold 600 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total transaction of $48,846.00. Following the sale, the director directly owned 680 shares of the company’s stock, valued at $55,358.80. The trade was a 46.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the sale, the executive vice president owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 12,748 shares of company stock valued at $1,061,870 over the last quarter. 1.52% of the stock is owned by company insiders.

Institutional Trading of Evergy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of Evergy in the 4th quarter valued at about $257,000. United Services Automobile Association purchased a new position in Evergy during the first quarter worth approximately $223,000. Empowered Funds LLC grew its holdings in Evergy by 19.5% in the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after purchasing an additional 758 shares during the period. Woodline Partners LP increased its position in shares of Evergy by 40.7% in 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 in the last quarter. Finally, Focus Partners Wealth raised its stake in shares of Evergy by 7.3% during the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock worth $951,000 after buying an additional 939 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy News Roundup

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Q2 results exceeded expectations: Evergy reported adjusted earnings of $0.88 per share, above the $0.81–$0.82 analyst consensus, while revenue rose to approximately $1.50 billion versus estimates near $1.36 billion. Earnings also increased from $0.82 per share in the year-ago quarter, helped by gains at Kansas Central and Metro. Evergy’s Q2 Earnings Beat Estimates, Revenues Increase Y/Y
• Positive Sentiment: Long-term growth outlook improved: Management expects earnings-per-share growth of more than 8% beginning in 2028 and is pursuing another economic sharing agreement in 2026. The outlook supports the investment case for continued rate-base and earnings expansion. Evergy expects EPS growth above 8 percent from 2028
• Positive Sentiment: Dividend maintains income appeal: Evergy declared a quarterly dividend of $0.695 per share, payable September 18 to shareholders of record August 18. The annualized payout is approximately $2.78 per share, representing a yield of about 3.3% at the referenced share price.
• Neutral Sentiment: 2026 guidance was reaffirmed: Evergy maintained adjusted EPS guidance of $4.14–$4.34, compared with the analyst consensus of $4.25. This confirms management’s prior outlook but offers limited near-term upside beyond expectations. Evergy Posts Higher Q2 Earnings and Reaffirms Guidance

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.