Greenland Capital Management LP increased its stake in Evergy Inc. (NASDAQ:EVRG – Free Report) by 469.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 95,220 shares of the company’s stock after buying an additional 78,500 shares during the quarter. Evergy comprises 1.0% of Greenland Capital Management LP’s portfolio, making the stock its 22nd largest position. Greenland Capital Management LP’s holdings in Evergy were worth $8,230,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC purchased a new stake in Evergy during the 4th quarter worth approximately $257,000. United Services Automobile Association purchased a new position in shares of Evergy during the 1st quarter valued at approximately $223,000. Empowered Funds LLC boosted its stake in shares of Evergy by 19.5% during the 1st 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 grew its position in shares of Evergy by 40.7% during the first quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock worth $1,340,000 after buying an additional 5,618 shares in the last quarter. Finally, Focus Partners Wealth grew its position in shares of Evergy by 7.3% during the first quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock worth $951,000 after buying an additional 939 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes EVRG has been the subject of several research analyst reports. Barclays boosted their target price on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. BMO Capital Markets increased their price target on shares of Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. BTIG Research set a $97.00 price target on Evergy in a research note on Thursday, July 23rd. Citigroup boosted their price objective on Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Evergy presently has an average rating of “Moderate Buy” and an average price target of $90.60.
View Our Latest Report on Evergy Evergy Price Performance EVRG opened at $81.54 on Monday. The firm has a market cap of $18.80 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 2.12 and a beta of 0.53. Evergy Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $88.62. The company’s 50-day moving average price is $84.19 and its 200 day moving average price is $83.03. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20.
Evergy (NASDAQ:EVRG – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. Evergy had a return on equity of 9.20% and a net margin of 15.19%.The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business earned $0.82 EPS. As a group, sell-side analysts expect that Evergy Inc. will post 4.25 earnings per share for the current year.
Evergy Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be issued a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s dividend payout ratio is 70.56%.
Insider Activity at Evergy In other news, EVP Charles Caisley sold 10,787 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the transaction, the executive vice president directly owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.52% of the company’s stock.
About Evergy (Free Report)
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.
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Bank of Nova Scotia ve 2. čtvrtletí koupila nový podíl ve společnosti Evergy: 41 318 akcií za zhruba 3,569 milionu USD. Evergy zároveň oznámila EPS 0,88 USD a tržby ve výši 1,50 miliardy USD.
Bank of Nova Scotia purchased a new stake in shares of Evergy Inc. (NASDAQ:EVRG – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 41,318 shares of the company’s stock, valued at approximately $3,569,000.
Several other large investors also recently modified their holdings of EVRG. Kestra Advisory Services LLC boosted its position in Evergy by 0.8% in the first quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company’s stock worth $1,297,000 after purchasing an additional 124 shares during the last quarter. Trilogy Capital Inc. increased its holdings in Evergy by 0.3% in the 2nd quarter. Trilogy Capital Inc. now owns 47,210 shares of the company’s stock worth $4,080,000 after acquiring an additional 125 shares in the last quarter. Retirement Planning Group LLC raised its position in shares of Evergy by 0.6% during the 1st quarter. Retirement Planning Group LLC now owns 23,659 shares of the company’s stock valued at $1,938,000 after purchasing an additional 137 shares during the period. Earned Wealth Advisors LLC raised its position in shares of Evergy by 4.9% during the 1st quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company’s stock valued at $241,000 after purchasing an additional 137 shares during the period. Finally, Optiver Holding B.V. lifted its stake in shares of Evergy by 14.5% during the 1st quarter. Optiver Holding B.V. now owns 1,107 shares of the company’s stock valued at $91,000 after buying an additional 140 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.
Evergy Trading Up 0.0% EVRG stock opened at $81.41 on Wednesday. Evergy Inc. has a twelve month low of $70.42 and a twelve month high of $88.62. The stock has a market capitalization of $18.77 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 2.11 and a beta of 0.54. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. The firm’s fifty day simple moving average is $84.68 and its two-hundred day simple moving average is $82.92.
Evergy (NASDAQ:EVRG – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same quarter last year, the business earned $0.82 EPS. As a group, analysts anticipate that Evergy Inc. will post 4.25 earnings per share for the current year. Evergy Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be issued a $0.695 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. Evergy’s payout ratio is presently 70.56%.
Insider Activity at Evergy In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction on Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. The trade was a 22.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 761 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total value of $63,398.91. Following the completion of the sale, the director owned 1,680 shares of the company’s stock, valued at $139,960.80. This represents a 31.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 12,748 shares of company stock worth $1,061,870. 1.52% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth Several research analysts have weighed in on the company. Citigroup upped their price target on Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Barclays boosted their target price on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. BTIG Research set a $97.00 price target on Evergy in a research note on Thursday, July 23rd. UBS Group increased their price objective on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.60.
Get Our Latest Stock Analysis on Evergy
Evergy Profile (Free Report)
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.
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Evergy očekává do roku 2030 růst velkých odběrů na 2,05–2,25 GW a plánuje investice téměř 21,6 miliardy USD. Firma míří na růst EPS o 6–8 % a od roku 2028 přes 8 % ročně.
Key Takeaways Evergy sees large-load demand reaching 2.05-2.25 GW by 2030 as data centers and industrial projects ramp. EVRG plans nearly $21.6 billion of investment through 2030, supporting about 12% annual rate-base growth.Evergy projects 6-8% EPS growth, with annual growth expected to exceed 8% from 2028 through 2030. Evergy, Inc. (EVRG - Free Report) continues to benefit from strong economic development in its service areas, including data centers, manufacturing and industrial projects. Rising electricity demand could support higher capital investment and rate-base growth.
The company’s large and diverse customer base directly aids its long-term financial growth. These customers can create incremental electricity demand while supporting investment in generation and transmission infrastructure.
Evergy recorded 3.3% year-to-date weather-normalized retail sales growth, supported by data-center project ramps and Panasonic’s continued industrial expansion. The company expects large-load demand to grow to about 2.05-2.25 gigawatts by 2030, while total electricity demand is projected to increase at a 7-8% compound annual growth rate through 2030. Evergy continues to witness strong interest from large customers across Kansas and Missouri and plans to add at least one new electric service agreement in 2026.
EVRG plans to invest nearly $21.6 billion through 2030, supporting significant rate-base expansion. This investment is expected to drive around 12% annual rate-base growth and 6-8% EPS growth, with EPS growth projected to exceed 8% annually from 2028 through 2030.
Overall, strong economic development and rising demand from large customers could drive higher electricity sales and encourage additional infrastructure investment. This combination is expected to provide a stronger foundation for Evergy’s long-term earnings growth.
Strong Economic Growth Fuels Long-Term Utility GrowthEconomic development can strengthen utility growth as new businesses, manufacturing facilities, data centers and electric vehicle adoption increase electricity consumption. Rising demand encourages infrastructure investment, expands the regulated rate base and creates opportunities for sustainable earnings growth and long-term shareholder value.
PPL Corporation (PPL - Free Report) : Growing economic activity across Pennsylvania and Kentucky is driving data-center and large-load demand, supporting potential generation investments of $10-$12 billion through 2032.
Alliant Energy (LNT - Free Report) : Strong economic development, including three data centers moving through construction, could help drive 60% load growth by 2031 and support higher investment and earnings.
EVRG’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates an increase of 10.97% and 7.06%, respectively, year over year.
Image Source: Zacks Investment Research
EVRG’s Stock Trading at a PremiumEVRG is trading at a premium relative to the industry, with a forward 12-month price-to-earnings of 18.21X compared with the industry average of 15.05X.
Image Source: Zacks Investment Research
EVRG’s Stock Price PerformanceIn the past year, the company’s shares have risen 12.5% compared with the industry’s 10% growth.
B. Metzler seel. Sohn & Co. AG ve druhém čtvrtletí koupila nový podíl v Evergy a získala 75 096 akcií za zhruba 6,49 milionu USD. Akcie EVRG zároveň klesly o 2,7 %.
B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Evergy Inc. (NASDAQ:EVRG – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 75,096 shares of the company’s stock, valued at approximately $6,491,000.
A number of other large investors have also recently made changes to their positions in EVRG. Kestra Advisory Services LLC increased its position in shares of Evergy by 0.8% during the 1st quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company’s stock valued at $1,297,000 after purchasing an additional 124 shares during the last quarter. Trilogy Capital Inc. grew its holdings in shares of Evergy by 0.3% in the second quarter. Trilogy Capital Inc. now owns 47,210 shares of the company’s stock worth $4,080,000 after purchasing an additional 125 shares during the last quarter. Retirement Planning Group LLC grew its stake in Evergy by 0.6% in the first quarter. Retirement Planning Group LLC now owns 23,659 shares of the company’s stock worth $1,938,000 after purchasing an additional 137 shares in the last quarter. Earned Wealth Advisors LLC lifted its position in shares of Evergy by 4.9% in the 1st quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company’s stock worth $241,000 after purchasing an additional 137 shares during the period. Finally, Optiver Holding B.V. increased its holdings in shares of Evergy by 14.5% in the 1st quarter. Optiver Holding B.V. now owns 1,107 shares of the company’s stock valued at $91,000 after acquiring an additional 140 shares during the period. 87.24% of the stock is currently owned by institutional investors.
Insider Buying and Selling In other news, Director Sandra Aj Lawrence sold 761 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $83.31, for a total transaction of $63,398.91. Following the transaction, the director owned 1,680 shares of the company’s stock, valued at approximately $139,960.80. The trade was a 31.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Charles A. Caisley sold 10,787 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This represents a 22.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 12,748 shares of company stock worth $1,061,870. 1.52% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades EVRG has been the topic of several research analyst reports. Barclays boosted their target price on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. BMO Capital Markets upped their price objective on shares of Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Citigroup increased their price objective on shares of Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. Finally, BTIG Research set a $97.00 price objective on shares of Evergy in a research note on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.60. Get Our Latest Stock Analysis on Evergy
Evergy Stock Down 2.7% NASDAQ EVRG opened at $80.92 on Friday. The business has a fifty day moving average price of $84.77 and a 200 day moving average price of $82.82. Evergy Inc. has a one year low of $70.42 and a one year high of $88.62. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. The company has a market cap of $18.66 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.16 and a beta of 0.54.
Evergy (NASDAQ:EVRG – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Research analysts anticipate that Evergy Inc. will post 4.25 EPS for the current fiscal year.
Evergy Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be issued a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s dividend payout ratio (DPR) is currently 70.56%.
Evergy Profile (Free Report)
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.
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Evergy zveřejnila výsledky za 2. čtvrtletí 2026 a na konferenčním hovoru představila hlavní body hospodaření, plánované rozšíření zdrojů a regulační agendu.
Evergy, Inc. (EVRG) Q2 2026 Earnings Call August 6, 2026 9:00 AM EDT
Company Participants
Peter Flynn - Director of Investor Relations
David Campbell - CEO, President & Chairman of the Board
W. Buckler - Executive VP & CFO
Conference Call Participants
Stephen D’Ambrisi - RBC Capital Markets, Research Division
Andrew Kadavy - Wells Fargo Securities, LLC, Research Division
Paul Patterson - Glenrock Associates LLC
Anthony Crowdell - Mizuho Securities USA LLC, Research Division
Presentation
Operator
Good day, and thank you for standing by. Welcome to the Quarter 2 2026 Evergy, Inc. Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would like to now hand the conference over to your first speaker today, Senior Director of Insurance and Investor Relations, Peter Flynn. Please go ahead.
Peter Flynn
Director of Investor Relations
Thank you, Courtney, and good morning, everyone. Welcome to Evergy's Second Quarter 2026 Earnings Conference Call. Our webcast slides and supplemental financial information are available on our Investor Relations website at investors.evergy.com. Today's discussion will include forward-looking information. Slide 2 and the disclosures in our SEC filings contain a list of some of the factors that could cause future results to differ materially from our expectations. They also include additional information on our non-GAAP financial measures.
Joining us on today's call are David Campbell, Chairman and Chief Executive Officer; and Bryan Buckler, Executive Vice President and Chief Financial Officer. David will cover second quarter highlights, economic development, our planned resource additions and our regulatory agenda. Bryan will cover our second quarter results, retail sales trends and our financial outlook. Other members of management are with us and will be available during the Q&A portion of the call. I'll now turn the call over to David.
David Campbell
CEO, President & Chairman of the Board
Evergy Inc (EVRG - Free Report) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.32%. A quarter ago, it was expected that this electric utility would post earnings of $0.63 per share when it actually produced earnings of $0.69, delivering a surprise of +9.52%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Evergy, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $1.5 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.71%. This compares to year-ago revenues of $1.44 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Evergy shares have added about 14.6% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for Evergy?While Evergy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Evergy was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.17 on $1.9 billion in revenues for the coming quarter and $4.25 on $6.28 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, PPL (PPL - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 7.
This energy and utility holding company is expected to post quarterly earnings of $0.35 per share in its upcoming report, which represents a year-over-year change of +9.4%. The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level.
PPL's revenues are expected to be $2.18 billion, up 7.5% from the year-ago quarter.
Evergy čeká ve 2. čtvrtletí zisk 82 centů na akcii a tržby 1,47 miliardy USD, tedy o 2,6 % více. Tahounem má být silnější poptávka, ale vyšší náklady na provoz a údržbu mohou tlačit na marži.
Key Takeaways Evergy expects Q2 earnings of 82 cents per share and revenues of $1.47 billion, up 2.6%.Data center demand, economic development and customer growth may support quarterly performance.Infrastructure spending, efficiency efforts and cost optimization may help offset higher O&M expenses. Evergy, Inc. (EVRG - Free Report) is scheduled to release second-quarter 2026 results on Aug. 6, before market open. The company delivered an earnings surprise of 9.52% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors That Might Have Impacted EVRG's Q2 EarningsEvergy is expected to have benefited from continued economic development across its service territories, resulting in stronger electricity demand. The company's earnings are likely to have been supported by increasing demand from data centers.
EVRG's quarterly performance may have benefited from ongoing investments in infrastructure and efforts to enhance service reliability. EVRG’s second-quarter earnings are also expected to have been boosted by energy efficiency initiatives and ongoing cost optimization measures.
Evergy is also likely to have gained from its focus on maintaining affordable rates while delivering high-quality services, which is expected to have supported customer additions and load growth.
The anticipated rise in demand from residential, commercial and industrial customers is likely to have supported second-quarter earnings. However, higher operations and maintenance expenses may have weighed on the company’s bottom line.
EVRG’s Q2 ExpectationsThe Zacks Consensus Estimate for earnings is pegged at 82 cents per share, in line with the earnings reported in the year-ago quarter.
The Zacks Consensus Estimate for revenues is pinned at $1.47 billion, indicating an increase of 2.6% from the year-ago reported figure.
What Our Quantitative Model Predicts for EVRGOur proven model does not conclusively predict an earnings beat for Evergy this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here as you will see below.
Stocks to ConsiderInvestors may consider the following players from the same industry, as these have the right combination of elements to post an earnings beat this reporting cycle.
Pinnacle West Capital Corporation (PNW - Free Report) is slated to report its second-quarter 2026 results on Aug. 4, before market open. It has an Earnings ESP of +0.95% and a Zacks Rank of 2 at present.
PNW’s long-term (three to five years) earnings growth rate is 5.81%. The Zacks Consensus Estimate for earnings is pinned at $1.49 per share, which suggests a year-over-year decline of 5.7%.
Duke Energy Corporation (DUK - Free Report) is scheduled to report its second-quarter 2026 results on Aug. 4, before market open. It has an Earnings ESP of +0.16% and a Zacks Rank of 3 at present.
DUK’s long-term earnings growth rate is 6.76%. The Zacks Consensus Estimate for earnings is pinned at $1.29 per share, which implies a year-over-year increase of 3.2%.
Versigent PLC (VGNT - Free Report) is set to report its second-quarter 2026 results on Aug. 4, before market open. It has an Earnings ESP of +8.82% and a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for VGNT’s revenues stands at $2.29 billion. The Zacks Consensus Estimate for earnings is pegged at $1.58 per share.
EVRG plánuje investovat 21,6 miliardy USD do modernizace a rozšíření sítě mezi lety 2026 až 2030, aby zvládla rostoucí poptávku po elektřině. V 1. čtvrtletí vzrostly komerční prodeje o 3,8 %, průmyslové o 10,1 % a rezidenční o 3,3 %.
Key Takeaways EVRG plans to invest $21.6B from 2026 to 2030 to modernize and expand its grid infrastructure. Commercial sales rose 3.8%, industrial sales grew 10.1% and residential sales advanced 3.3%.EVRG signed five ESA projects totaling 2.5 GW and sees more peak-load demand opportunities. Evergy, Inc. (EVRG - Free Report) benefits from its extensive transmission and distribution network, which supports reliable electricity delivery across its service territories. The company plans to invest $21.6 billion between 2026 and 2030 to modernize and expand its grid infrastructure, helping meet rising electricity demand across its Kansas and Missouri service areas.
Evergy delivered strong first-quarter 2026 results as commercial sales increased 3.8%, industrial sales rose 10.1% and residential sales advanced 3.3%, highlighting healthy underlying electricity demand and continued customer growth across its service territory.
EVRG’s extensive transmission and distribution network positions the company to reliably serve rising power demand from data centers and advanced manufacturing facilities. In first-quarter 2026, the company signed Electric Service Agreements (“ESA”) for five projects totaling 2.5 gigawatt (GW) of peak load. The company also expects 1-1.5 GW of expansion opportunities with current ESA customers and is in advanced discussions with prospective customers representing an additional 1.5-3 GW of peak demand.
Evergy’s long-term capital investment strategy focuses on strengthening its transmission and distribution networks. These investments are expected to drive rate-base growth of 11.5% through 2030, while the company continues to project its long-term adjusted earnings per share growth target to 6-8% through 2030.
A widespread transmission and distribution network enables EVRG to deliver reliable electricity service to customers and support large-load projects, such as EV battery manufacturing units and semiconductor plants. Strong electric infrastructure improves operational reliability and provides a foundation for sustainable earnings and long-term growth.
Strategic Expenditure Plan Boosts Grid NetworkA strategic capital expenditure plan strengthens the overall network through investments in transmission, distribution and grid modernization. These investments improve reliability, replace aging infrastructure, expand system capacity, support rising electricity demand, grow the regulated rate base and drive sustainable long-term earnings growth.
Exelon Corporation (EXC - Free Report) plans to invest $41.7 billion during 2026-2029 to strengthen its distribution, transmission and gas delivery infrastructure, enhance grid reliability, expand its regulated asset base and support sustainable long-term earnings growth.
Entergy Corporation (ETR - Free Report) aims to invest $57 billion in 2026-2029 to serve rising customer needs and expand the generation, transmission and distribution network.
EVRG’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates an increase of 10.97% and 7.01%, respectively, year over year.
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EVRG’s Stock Trading at a PremiumEVRG is trading at a premium relative to the industry, with a forward 12-month price-to-earnings of 19.83X compared with the industry average of 16.03X.
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EVRG’s Stock Price PerformanceIn the past month, the company’s shares have risen 5.9% compared with the industry’s 4.8% growth.
