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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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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.

Image Source: Zacks Investment Research

EVRG’s Zacks Rank

Allworth Financial LP acquired a new position in Evergy Inc. (NASDAQ:EVRG – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,504 shares of the company’s stock, valued at approximately $1,513,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC bought a new position in shares of Evergy during the fourth quarter worth about $257,000. United Services Automobile Association bought a new stake in Evergy in the first quarter valued at approximately $223,000. Empowered Funds LLC boosted 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 acquiring an additional 758 shares during the last quarter. Woodline Partners LP increased its position in Evergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock valued at $1,340,000 after purchasing an additional 5,618 shares during the period. Finally, Focus Partners Wealth increased its position in Evergy by 7.3% during the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock valued at $951,000 after purchasing an additional 939 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling In other news, EVP Charles A. Caisley sold 10,787 shares of the firm’s 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 completion of the sale, the executive vice president owned 37,789 shares in the company, valued at $3,153,869.94. This trade represents 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 Evergy stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total transaction of $63,398.91. Following the completion of the sale, the director directly owned 1,680 shares in the company, valued at $139,960.80. This trade represents a 31.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,748 shares of company stock valued at $1,061,870 over the last three months. Insiders own 1.52% of the company’s stock.

Evergy Trading Down 2.7% Shares of Evergy stock opened at $80.92 on Friday. Evergy Inc. has a 1 year low of $70.42 and a 1 year high of $88.62. The firm has a market cap of $18.66 billion, a PE ratio of 20.54, a P/E/G ratio of 2.16 and a beta of 0.54. The stock has a fifty day moving average price of $84.77 and a 200-day moving average price of $82.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. Evergy (NASDAQ:EVRG – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities research analysts anticipate that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s dividend payout ratio is currently 70.56%.

Wall Street Analysts Forecast Growth Several equities analysts recently issued reports on EVRG shares. Citigroup boosted their target price 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 reiterated a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. BMO Capital Markets lifted their price objective on Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. UBS Group boosted their price objective on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, BTIG Research set a $97.00 target price on Evergy in a research report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.60.

View Our Latest Analysis on EVRG

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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Posted by Defense World Staff on Aug 12th, 2026

Assenagon Asset Management S.A. lessened its position in Evergy Inc. (NASDAQ:EVRG – Free Report) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,952 shares of the company’s stock after selling 8,851 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Evergy were worth $5,787,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EVRG. Cullen Frost Bankers Inc. grew its position in Evergy by 4.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 316,511 shares of the company’s stock valued at $22,944,000 after acquiring an additional 14,907 shares during the last quarter. Vestcor Inc lifted its position in shares of Evergy by 49.6% during the fourth quarter. Vestcor Inc now owns 174,330 shares of the company’s stock worth $12,637,000 after purchasing an additional 57,795 shares during the last quarter. Qsemble Capital Management LP lifted its position in shares of Evergy by 295.4% during the fourth quarter. Qsemble Capital Management LP now owns 105,780 shares of the company’s stock worth $7,668,000 after purchasing an additional 79,029 shares during the last quarter. Fulcrum Asset Management LLP boosted its stake in shares of Evergy by 119.1% during the fourth quarter. Fulcrum Asset Management LLP now owns 43,867 shares of the company’s stock valued at $3,180,000 after purchasing an additional 23,842 shares during the period. Finally, RIA Advisory Group LLC purchased a new stake in shares of Evergy during the fourth quarter valued at $967,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Evergy In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of the 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 sale, the executive vice president 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 Evergy stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total value of $63,398.91. Following the completion of the transaction, the director owned 1,680 shares in the company, valued at $139,960.80. This represents a 31.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 12,748 shares of company stock worth $1,061,870. 1.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades Several research firms recently commented on EVRG. Bank of America reduced their price target on shares of Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a research note on Tuesday, April 21st. UBS Group raised their target price on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. BMO Capital Markets lifted their price target on shares of Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, BTIG Research set a $97.00 price target on Evergy in a report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.60.

Read Our Latest Report on EVRG

Evergy Stock Performance EVRG stock opened at $82.03 on Wednesday. Evergy Inc. has a 1-year low of $70.42 and a 1-year high of $88.62. The business has a 50-day moving average price of $84.65 and a 200 day moving average price of $82.48. The company has a market capitalization of $18.91 billion, a P/E ratio of 20.82, a PEG ratio of 2.13 and a beta of 0.54. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21.

Evergy (NASDAQ:EVRG – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same period in the prior year, the business earned $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities research analysts forecast that Evergy Inc. will post 4.25 EPS for the current fiscal year.

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 paid a dividend of $0.695 per share. 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 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, 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

Thanks, Pete, and

Unassuming Evergy Energy: The AI Boost Your Income Portfolio NeedsEvergy NASDAQ: EVRG reported second-quarter 2026 adjusted earnings of $209 million, or $0.88 per share, up from $191 million, or $0.82 per share, a year earlier, as regulated investment recovery, load growth and revenue from large customers more than offset higher operating costs.

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Chairman and Chief Executive Officer David Campbell said the company remains on track to achieve the midpoint of its full-year adjusted earnings guidance range of $4.14 to $4.34 per share. Evergy reaffirmed its long-term adjusted EPS growth target of 6% to 8% or more through 2030 from the 2026 midpoint of $4.24, with annual growth expected to exceed 8% beginning in 2028.

Top 5 Highest-Rated Dividend Stocks, According to MarketBeatChief Financial Officer Bryan Buckler said Evergy is also providing third-quarter adjusted EPS guidance equivalent to 50% to 53% of the $4.24 full-year midpoint.

Large customers support demand growth Evergy said it has executed energy service agreements, or ESAs, for five data-center projects under its large-load power service tariffs. Those projects represent about 2.5 gigawatts of steady-state peak load. Including 500 megawatts from non-LLPS large customers, including Panasonic and smaller data centers, the company’s large-customer load totals about 3 gigawatts.

Shield Your Portfolio From Aug. 1 Tariffs With This Low-Vol ETFCampbell said Evergy expects to sign at least one additional ESA in 2026 and plans to provide further detail on its third-quarter call in November. The company said its five-year financial plan does not include the effects of prospective expansion projects.

The existing signed agreements include 1.3 gigawatts of projects that are operating or progressing toward steady-state operations, along with 1.7 gigawatts under ESAs with minimum monthly billing provisions generally spanning 16 to 17 years. Evergy expects the signed projects to support retail load growth of approximately 7% to 8% annually through 2030.

Evergy also identified approximately 2 gigawatts to 2.5 gigawatts of potential expansion opportunities at or adjacent to existing customer locations, up from a prior estimate of 1 gigawatt to 1.5 gigawatts. In addition, it said it is in advanced discussions with new Tier 2 customers representing roughly 1 gigawatt to 2 gigawatts, with the opportunity primarily extending beyond 2030. The remaining pipeline exceeds 10 additional gigawatts, according to the company.

During the question-and-answer session, Campbell said prospective customers generally seek firm power from Evergy’s system resources, though the company can accommodate customers that arrange power purchase agreements or bring their own generation. He characterized the expected customer profile as similar to existing agreements with hyperscalers and experienced data-center developers.

Sales, investment and resource plans Buckler said weather-normalized demand increased 1.8% in the second quarter, led by commercial and industrial demand. Commercial demand rose 4%, reflecting the initial ramp-up of data-center usage, while industrial demand increased 6.2%, helped by Panasonic’s continued operating ramp.

On a year-to-date basis, weather-normalized demand grew 3.3%. Evergy attributed the increase largely to commercial and industrial consumption, as well as favorable regional economic conditions, including unemployment rates below the national average in Missouri, Kansas and the Kansas City metropolitan area.

Second-quarter earnings benefited by $0.10 per share from load growth, including an approximately $0.04 per-share benefit from a large data center that began operations in March and Panasonic’s ramp. Recovery of and return on regulated investments, including new retail rates in Kansas Central and Federal Energy Regulatory Commission-regulated investment, contributed another $0.10 per share.

Higher operations and maintenance expense, depreciation and interest expense net of allowance for funds used during construction reduced EPS by $0.08. Other items reduced EPS by $0.06, including $0.02 of dilution from convertible bonds.

Evergy’s February capital plan called for $21.6 billion of investment over five years. The company now expects about $1 billion of incremental capital associated with generation resources required to serve customer agreements already secured. Its 2026 integrated resource plan includes more than 5 gigawatts of additions through 2032, including approximately 3.9 gigawatts of natural gas generation, nearly 800 megawatts of solar and 450 megawatts of battery storage.

The company said the additional investment would lift its projected rate-base compound annual growth rate through 2030 to about 12%, from a prior 11.5% estimate. Buckler said Evergy expects EPS growth to trail rate-base growth by roughly 250 basis points, a relationship management described as generally stable over the planning period.

Regulatory matters and customer affordability In Kansas, Evergy has filed notice for a planned predetermination application involving a natural-gas plant, solar facility and battery-storage project. In Missouri, the company filed notice for a certificate of convenience and necessity request for similar assets.

Evergy also has a pending Missouri Metro rate case. Rebuttal testimony is due Aug. 11, surrebuttal and true-up direct testimony are due Sept. 10, settlement conferences are scheduled to begin Sept. 23, and hearings are set to begin Oct. 5.

Separately, the company has a pending CCN request for the 440-megawatt Mullin Creek No. 2 simple-cycle gas turbine in Nodaway County, Missouri. A staff report is due Sept. 15, followed by a settlement conference Sept. 22 and hearings beginning Oct. 19.

Campbell said Evergy expects rate increases for the significant majority of residential customers to be in line with or below inflation over the next several years. He said Missouri West customers may see increases above inflation during the next five years as the utility adds infrastructure and dispatchable generation, though management expects those rates to remain regionally competitive.

In the Missouri Metro rate case, Campbell said Evergy reduced its initial requested revenue requirement by $25 million, or about 15%, because of data-center-related revenue. He said the relative reduction could increase as large customers continue to ramp.

Evergy said it had priced approximately $425 million through forward sales agreements under its at-the-market equity program as of June 30. That represents more than half of its expected $700 million to $900 million of 2026 equity issuance. Buckler said the remaining needs are addressable through the ATM program and that the company currently does not plan a block equity issuance.

About Evergy (NASDAQ:EVRG)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Posted by Defense World Staff on Aug 5th, 2026

Amundi increased its position in Evergy Inc. (NASDAQ:EVRG – Free Report) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 198,160 shares of the company’s stock after buying an additional 7,475 shares during the quarter. Amundi owned about 0.09% of Evergy worth $16,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in Evergy by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company’s stock worth $465,684,000 after purchasing an additional 105,842 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Evergy by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock worth $441,574,000 after buying an additional 33,457 shares in the last quarter. Federated Hermes Inc. lifted its position in Evergy by 1.6% in the fourth quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock worth $272,602,000 after purchasing an additional 57,814 shares during the period. Northern Trust Corp lifted its holdings in shares of Evergy by 10.6% in the third quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock valued at $209,853,000 after buying an additional 263,619 shares during the period. Finally, Truist Financial Corp lifted its holdings in Evergy by 28.4% in the 4th quarter. Truist Financial Corp now owns 1,847,410 shares of the company’s stock valued at $133,919,000 after acquiring an additional 408,452 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analyst Weigh In EVRG has been the topic of a number of recent analyst reports. Citigroup boosted their target price on Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Wells Fargo & Company set a $87.00 price target on shares of Evergy in a research note on Tuesday, April 21st. BMO Capital Markets raised their price objective on shares of Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Finally, UBS Group upped their price target on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.60.

Read Our Latest Analysis on Evergy

Insider Buying and Selling at Evergy In other news, EVP Charles A. Caisley sold 10,787 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total value 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. The sale was disclosed in a legal filing with the SEC, which is available through 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 business’s stock in a transaction that occurred on 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. This represents a 31.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 12,748 shares of company stock worth $1,061,870 in the last ninety days. 1.52% of the stock is currently owned by insiders.

Evergy Stock Performance Shares of NASDAQ:EVRG opened at $83.84 on Wednesday. The stock has a market capitalization of $19.33 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.16 and a beta of 0.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24. The business’s fifty day moving average price is $84.59 and its two-hundred day moving average price is $82.26. Evergy Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $88.62.

Evergy (NASDAQ:EVRG – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. As a group, analysts predict that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Company 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.

Further Reading Five stocks we like better than Evergy System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy Inc. (NASDAQ:EVRG – Free Report).

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Dimensional Fund Advisors LP raised its stake in shares of Evergy Inc. (NASDAQ:EVRG – Free Report) by 1.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,373,291 shares of the company’s stock after purchasing an additional 25,881 shares during the period. Dimensional Fund Advisors LP owned 0.60% of Evergy worth $112,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC lifted its position in shares of Evergy by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company’s stock valued at $465,684,000 after buying an additional 105,842 shares in the last quarter. Franklin Resources Inc. increased its holdings in Evergy by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock worth $441,574,000 after acquiring an additional 33,457 shares in the last quarter. Federated Hermes Inc. increased its holdings in Evergy by 1.6% in the 4th quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock worth $272,602,000 after acquiring an additional 57,814 shares in the last quarter. Northern Trust Corp raised its stake in Evergy by 10.6% during the 3rd quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock worth $209,853,000 after acquiring an additional 263,619 shares during the period. Finally, Truist Financial Corp raised its stake in Evergy by 28.4% during the 4th quarter. Truist Financial Corp now owns 1,847,410 shares of the company’s stock worth $133,919,000 after acquiring an additional 408,452 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling at Evergy In other news, EVP Charles A. Caisley sold 10,787 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $83.46, for a total value of $900,283.02. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 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. This represents a 31.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 12,748 shares of company stock worth $1,061,870 in the last three months. Insiders own 1.52% of the company’s stock.

Analyst Ratings Changes EVRG has been the topic of several analyst reports. BTIG Research set a $97.00 price target on shares of Evergy in a report on Thursday, July 23rd. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a research report on Tuesday, April 21st. Bank of America lowered their target price on shares of Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Citigroup upped their target price on shares of Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Friday. Eight investment 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.60.

Read Our Latest Stock Report on EVRG

Evergy Stock Down 0.2% Shares of EVRG opened at $85.66 on Wednesday. The business’s 50 day moving average is $84.62 and its 200 day moving average is $81.91. The company has a market capitalization of $19.75 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 2.23 and a beta of 0.54. Evergy Inc. has a 12-month low of $68.05 and a 12-month high of $88.62. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29.

Evergy (NASDAQ:EVRG – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm earned $0.54 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Research analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd were given a dividend of $0.695 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.2%. Evergy’s dividend payout ratio (DPR) is presently 73.74%.

Evergy Company 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.

Further Reading Five stocks we like better than Evergy These 3 Stocks Have Soared in 2026—Can They Keep Climbing? Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction Chips & Clips: Memory Tariffs Rewire Tech Supply Chains Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy Inc. (NASDAQ:EVRG – Free Report).

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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.

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 19.83X compared with the industry average of 16.03X.

Image Source: Zacks Investment Research

EVRG’s Stock Price PerformanceIn the past month, the company’s shares have risen 5.9% compared with the industry’s 4.8% growth.

Image Source: Zacks Investment Research

EVRG’s Zacks Rank

HomeDividends AnalysisDividend IdeasUtilities 

SummaryEvergy is reiterated as a Buy, driven by robust data center agreements and a visible multi-year growth runway.EVRG's adjusted EPS is projected to grow at an 8.7% annual rate, outpacing its 10-year CAGR, with a forward 12-month fair value estimate of $86 per share.The company maintains a stable BBB+ credit rating, targets a 14–15% FFO to debt ratio, and is positioned for low double-digit annual total returns through 2031.Risks include regulatory outcomes on Missouri rate cases, interest rate pressures, and union labor negotiations, but EVRG's dividend safety and growth streak remain strong.Looking for a portfolio of ideas like this one? Members of The Dividend Kings get exclusive access to our subscriber-only portfolios. Learn More »Sitewide Sale 2026: Get 20% Off Justin Paget/DigitalVision via Getty Images

Co-authored by Kody's Dividends

The narrative surrounding the electric grid has drastically shifted from maintaining the status quo to managing a huge surge in electricity demand. More specifically, the overall demand for energy from the electric grid in the United States is

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Kody's Dividends, Justin Law, and Rachel Kaufman are part of the Dividend Kings team.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Evergy has raised its payout for 23 consecutive years, which puts it on track to soon become a Dividend Aristocrat. A series of recent data center signings is likely to further accelerate the regulated electric utility's growth trajectory. Evergy's BBB+ S&P credit rating can support its huge five-year capital spending plan.

Posted by Defense World Staff on Apr 13th, 2026

Massachusetts Financial Services Co. MA decreased its position in Evergy Inc. (NASDAQ:EVRG – Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,993,279 shares of the company’s stock after selling 53,508 shares during the period. Massachusetts Financial Services Co. MA owned 0.87% of Evergy worth $144,493,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC grew its stake in shares of Evergy by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 148,940 shares of the company’s stock valued at $11,322,000 after buying an additional 74,470 shares during the period. Caprock Group LLC purchased a new position in Evergy during the third quarter worth about $1,482,000. ANTIPODES PARTNERS Ltd purchased a new position in Evergy during the third quarter worth about $72,860,000. Oppenheimer Asset Management Inc. boosted its stake in Evergy by 9.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 209,307 shares of the company’s stock worth $15,912,000 after buying an additional 18,783 shares during the period. Finally, iA Global Asset Management Inc. boosted its stake in Evergy by 207.0% during the third quarter. iA Global Asset Management Inc. now owns 22,624 shares of the company’s stock worth $1,720,000 after buying an additional 15,254 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Key Evergy News Here are the key news stories impacting Evergy this week:

Positive Sentiment: BTIG initiated coverage with a “Buy” rating and a $99 price target (roughly +18% upside vs. current levels), giving investors a clear bullish analyst catalyst. Evergy (NASDAQ:EVRG) Now Covered by BTIG Research Positive Sentiment: Zacks Research nudged up near‑term and full‑year EPS estimates (examples cited: Q1 2026/2027 and Q3 2026 increases; FY2026 raised to $4.24), which supports modest upward revisions to earnings expectations and can justify a higher multiple over time. Zacks estimates summary Neutral Sentiment: Research writeups compiling analyst Q4 expectations have been published, helping set the near‑term earnings narrative but not introducing major new surprises. Investors will watch upcoming official Q4 results for confirmation. Research Analysts Set Expectations for Evergy Q4 Earnings Neutral Sentiment: Context: the stock is trading near its 50‑ and 200‑day moving averages with below‑average intraday volume, and a mid‑20s PE — analyst upgrades provide upside rationale, but muted volume and valuation mean moves may be gradual rather than immediate. Analyst Ratings Changes EVRG has been the subject of several research analyst reports. Barclays increased their target price on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Citigroup increased their target price on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research note on Monday, December 29th. Finally, Wells Fargo & Company increased their target price on shares of Evergy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Read Our Latest Stock Analysis on EVRG

Insider Transactions at Evergy In other news, SVP Heather A. Humphrey sold 3,650 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the sale, the senior vice president owned 44,007 shares of the company’s stock, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles L. King sold 2,440 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction of $200,543.60. Following the sale, the senior vice president directly owned 18,359 shares in the company, valued at $1,508,926.21. This represents a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,937 shares of company stock valued at $736,492. 1.52% of the stock is currently owned by corporate insiders.

Evergy Price Performance Shares of EVRG opened at $83.58 on Monday. The stock has a market capitalization of $19.25 billion, a PE ratio of 22.77, a P/E/G ratio of 2.16 and a beta of 0.61. Evergy Inc. has a 1 year low of $63.29 and a 1 year high of $85.27. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49. The company’s 50-day simple moving average is $81.36 and its 200-day simple moving average is $77.61.

Evergy (NASDAQ:EVRG – Get Free Report) last issued its quarterly earnings results on Saturday, January 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. Analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were given 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 of this dividend was Tuesday, March 10th. Evergy’s dividend payout ratio is currently 75.75%.

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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KANSAS CITY, Mo.--(BUSINESS WIRE)--On Tuesday, May 5, 2026, Evergy, Inc. (NASDAQ: EVRG) will conduct its 2026 Annual Meeting of Shareholders. The virtual meeting will begin at 11:00 a.m. Eastern (10:00 a.m. Central) and can be accessed at www.virtualshareholdermeeting.com/EVRG2026. To participate, all shareholders must enter the control number found on their proxy cards or voting instruction forms. At the meeting, shareholders will vote to elect 12 members of the Board of Directors and other business matters set forth in the notice of the meeting.

About Evergy, Inc.

Evergy, Inc. (NASDAQ: EVRG), serves 1.7 million customers in Kansas and Missouri. Evergy’s mission is to empower a better future. We are leading the way in delivering affordable, reliable and sustainable energy that creates the foundation for thriving and growing communities. Our focus is on delivering reliable power while keeping bills as low as possible. We value innovation and adaptability to give our customers better ways to manage their energy use, to create a safe and rewarding workplace for our employees and to add value for our investors. Headquartered in Kansas City, our employees live, work and volunteer in the communities we serve.

For more information about Evergy, Inc., visit us at www.evergy.com and investors.evergy.com.

More News From Evergy, Inc.

Back to Newsroom

KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy, Inc. (NASDAQ: EVRG) today announced first quarter 2026 GAAP earnings of $151.5 million, or $0.64 per share, compared to GAAP earnings of $125.0 million, or $0.54 per share, for the first quarter 2025.

Evergy’s first quarter 2026 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $161.8 million and $0.69 per share, respectively, compared to $127.8 million and $0.55, respectively, in first quarter 2025. Adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) are reconciled to GAAP earnings in the financial table included in this release.

Relative to the same period in 2025, first quarter 2026 adjusted earnings (non-GAAP) per share benefited from recovery of regulated investments, growth in weather-normalized demand and higher large customer and other revenues. These favorable results were partially offset by mild winter weather, higher operations and maintenance expense, and higher depreciation and amortization expense.

“We continued to advance our large customer strategy in the first quarter and are pleased to announce the signing of an electric service agreement for a large customer project in our Kansas Central service territory,” said David Campbell, chairman and chief executive officer. “Beginning in 2027, the customer will take service under our large load power service (LLPS) tariff, the framework under which new large customers will pay a premium rate that covers their fair share of existing and new system costs to drive affordability benefits for existing customers and enhance economic growth.

“Financial results were solid despite mild weather in the first quarter, and we remain on track to achieve our 2026 adjusted EPS guidance of $4.14 to $4.34. We are also reaffirming our long-term adjusted EPS annual growth target of 6% to 8%+ through 2030 off the 2026 midpoint, with the expectation that annual EPS growth will exceed 8% beginning in 2028 and through 2030.”

Earnings Guidance

The Company reaffirmed its 2026 adjusted EPS (non-GAAP) guidance range of $4.14 to $4.34. Additionally, the Company reaffirmed its long-term adjusted EPS (non-GAAP) annual growth target of 6% to 8%+ through 2030 based on the 2026 adjusted EPS (non-GAAP) guidance midpoint of $4.24. The Company expects annual adjusted EPS growth to exceed 8% beginning in 2028 and through 2030. Adjusted EPS (non-GAAP) could differ from GAAP EPS for items such as impairments, divestitures, mark-to-market impacts, the impact of regulatory orders, or changes in accounting principles. Evergy management is not able to forecast if any of these items will occur or any amounts that may be reported for future periods. Therefore, Evergy is not able to provide a corresponding GAAP equivalent for 2026 or future years’ adjusted EPS (non-GAAP) guidance.

Dividend Declaration

The Board of Directors declared a dividend on the Company’s common stock of $0.6950 per share payable on June 18, 2026. The dividends are payable to shareholders of record as of May 22, 2026.

Earnings Conference Call

Evergy management will host a conference call Thursday, May 7, 2026, with the investment community at 9:00 a.m. ET (8:00 a.m. CT). To view the webcast and presentation slides, please go to investors.evergy.com. To access via phone, investors and analysts will need to register using this link where they will be provided a phone number and access code.

This earnings announcement, a package of detailed first quarter financial information, the Company's quarterly report on Form 10-Q for the period ended March 31, 2026, and other filings the Company has made with the Securities and Exchange Commission are available on the Company's website at http://investors.evergy.com.

Adjusted Earnings (non-GAAP) and Adjusted Earnings Per Share (non-GAAP)

Management believes that adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are representative measures of Evergy's recurring earnings, assist in the comparability of results and are consistent with how management reviews performance.

Evergy's adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) for the three months ended March 31, 2026, were $161.8 million or $0.69 per share. For the three months ended March 31, 2025, Evergy's adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) were recast to conform to the current year calculation of adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP), resulting in adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) of $127.8 million or $0.55 per share.

In addition to net income attributable to Evergy, Inc. and diluted EPS, Evergy's management uses adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) to evaluate earnings and EPS without:

losses from the repurchase of a portion of Evergy's Convertible Notes; and unrealized gains and losses from non-regulated investments in early-stage clean energy and energy solution companies and costs related to the disposal of these investments. Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are intended to aid an investor's overall understanding of results. Management believes that adjusted earnings (non-GAAP) provides a meaningful basis for evaluating Evergy's operations across periods because it excludes certain items that management does not believe are indicative of Evergy's ongoing performance or that can create period to period earnings volatility.

Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are used internally to measure performance against budget and in reports for management and the Evergy Board. Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are financial measures that are not calculated in accordance with GAAP and may not be comparable to other companies' presentations or more useful than the GAAP information provided elsewhere in this report.

The following table provides a reconciliation between net income attributable to Evergy, Inc. and diluted EPS as determined in accordance with GAAP and adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP), respectively.

Evergy, Inc

Consolidated Earnings and Diluted Earnings Per Share

(Unaudited)

  Earnings

(Loss)

Earnings

(Loss)

per

Diluted

Share

Earnings

(Loss)

Earnings

(Loss)

per

Diluted

Share

Three Months Ended March 31

2026

2025

(millions, except per share amounts)

Net income attributable to Evergy, Inc.

$

151.5

$

0.64

$

125.0

$

0.54

Non-GAAP reconciling items:

Losses from the repurchase of convertible notes, pre-tax(a)

10.3

0.05

—

—

Losses from investments in early-stage clean energy and energy solution companies, pre-tax(b)

0.4

—

3.6

0.01

Income tax benefit (c)

(0.4)

—

(0.8)

—

Adjusted earnings (non-GAAP)

$

161.8

$

0.69

$

127.8

$

0.55

About Evergy

Evergy, Inc. (NASDAQ: EVRG) serves 1.7 million customers in Kansas and Missouri. Evergy’s mission is to empower a better future. We are leading the way in delivering affordable, reliable and sustainable energy that creates the foundation for thriving and growing communities. Our focus is on delivering reliable power while keeping bills as low as possible. We value innovation and adaptability to give our customers better ways to manage their energy use, to create a safe and rewarding workplace for our employees and to add value for our investors. Headquartered in Kansas City, our employees live, work and volunteer in the communities we serve.

For more information about Evergy, visit us at http://investors.evergy.com.

Forward-Looking Statements

Statements made in this document that are not based on historical facts are forward-looking, may involve risks and uncertainties, and are intended to be as of the date when made. Forward-looking statements include, but are not limited to, statements relating to Evergy's strategic plan, including, without limitation, those related to earnings per share, dividend, operating and maintenance expense and capital investment goals; the outcome of legislative efforts and regulatory and legal proceedings; future energy demand, including demand driven by new and existing customers; future power prices; plans with respect to existing and potential future generation resources; the availability and cost of generation resources and energy storage; target emissions reductions; and other matters relating to expected financial performance or affecting future operations. Forward-looking statements are often accompanied by forward-looking words such as "anticipates," "believes," "expects," "estimates," "forecasts," "guidance," "should," "could," "may," "seeks," "intends," "predict," "potential," "opportunities," "proposed," "projects," "planned," "target," "budget," "outlook," "remain confident," "goal," "will" or other words of similar meaning. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the forward-looking information.

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the Evergy Companies are providing a number of risks, uncertainties and other factors that could cause actual results to differ from the forward-looking information. These risks, uncertainties and other factors include, but are not limited to: economic and weather conditions and any impact on sales, prices and costs; significant changes in the demand for electricity, including demand from data centers and other large load customers; changes in business strategy or operations, including with respect to the Evergy Companies' strategy to meet demand requirements of existing and future customers; uncertainties related to projected rapid growth in electricity demand driven primarily by data centers and other large load customers and the related requirement for new generation and transmission investments, creating capital access, revenue recovery and customer affordability risks; the impact of federal, state and local political, legislative, judicial and regulatory actions or developments, including deregulation, re-regulation, securitization and restructuring of the electric utility industry; prolonged or recurring U.S. federal government shutdowns; changes in U.S. trade policies (including tariffs and other trade measures) and responses from other countries; the ability to build or acquire generation, battery storage and transmission facilities to meet the future demand for electricity from customers; the ability to control costs, avoid cost and schedule overruns during the development, construction and operation of generation, battery storage, transmission, distribution or other projects due to challenges, which include, but are not limited to, changes in labor costs, availability and productivity, challenges with the management of contractors or vendors, subcontractor performance, shortages, delays, increased costs or inconsistent quality of equipment, materials and labor and increased financing costs as a result of changes in interest rates or as a result of project delays; decisions of regulators regarding, among other things, customer rates and the prudency of operational decisions such as capital expenditures and asset retirements; changes in applicable laws, regulations, rules, principles or practices, or the interpretations thereof, governing tax, accounting and environmental matters, including air and water quality and waste management and disposal; development, adoption and use of artificial intelligence by the Evergy Companies and its third-party vendors; the impact of climate change, including increased frequency and severity of significant weather events; risks relating to potential wildfires, including costs of litigation, potential regulatory penalties and damages in excess of insurance liability coverage; the extent to which counterparties are willing to do business with, finance the operations of or purchase energy from the Evergy Companies due to the fact that the Evergy Companies operate coal-fired generation; prices and availability of electricity and natural gas in wholesale markets; market perception of the energy industry and the Evergy Companies; the impact of future pandemic health events on, among other things, sales, results of operations, financial position, liquidity and cash flows, and also on operational issues, such as supply chain issues and the availability and ability of the Evergy Companies' employees and suppliers to perform the functions that are necessary to operate the Evergy Companies; changes in the energy trading markets in which the Evergy Companies participate, including retroactive repricing of transactions by regional transmission organizations (RTO) and independent system operators; financial market conditions and performance, disruptions in the banking industry, including volatility in interest rates and credit spreads and in availability and cost of capital and the effects on derivatives and hedges and ability to obtain capital to finance large construction projects, nuclear decommissioning trust and pension plan assets and costs; impairments of long-lived assets or goodwill; credit ratings; inflation rates; effectiveness of risk management policies and procedures and the ability of counterparties to satisfy their contractual commitments including new large data center customers; impact of physical and cybersecurity breaches, criminal activity, terrorist attacks, acts of war and other disruptions to the Evergy Companies' facilities or information technology infrastructure or the facilities and infrastructure of third-party service providers on which the Evergy Companies rely; impact of geopolitical conflicts on the global energy market, including the ability to contract for non-Russian sourced uranium; ability to carry out marketing and sales plans; cost, availability, quality and timely provision of equipment, supplies, labor and fuel; ability to achieve generation goals and the occurrence and duration of planned and unplanned generation outages; the Evergy Companies' ability to manage their generation, transmission and distribution development plans and transmission joint ventures; the inherent risks associated with the ownership and operation of a nuclear facility, including environmental, health, safety, regulatory and financial risks; workforce risks, including those related to the Evergy Companies' ability to attract and retain qualified personnel, maintain satisfactory relationships with their labor unions and manage costs of, or changes in, wages, retirement, health care and other benefits; disruption, costs and uncertainties caused by or related to the actions of individuals or entities, such as activist shareholders or special interest groups, that seek to influence Evergy's strategic plan, financial results or operations; the impact of changing expectations and demands of the Evergy Companies' customers, regulators, investors and stakeholders, including differing views on environmental, social and governance concerns; the possibility that strategic initiatives, including mergers, acquisitions, joint ventures and divestitures, and long-term financial plans, may not create the value that they are expected to achieve in a timely manner or at all; difficulties in maintaining relationships with customers, employees, contractors, regulators or suppliers; the outcome of litigation involving the Evergy Companies; and other risks and uncertainties.

This list of factors is not all-inclusive because it is not possible to predict all factors. You should also carefully consider the information contained in the Evergy Companies' other filings with the Securities and Exchange Commission (SEC). Additional risks and uncertainties are discussed from time to time in current, quarterly and annual reports filed by the Evergy Companies with the SEC. New factors emerge from time to time, and it's not possible for the Evergy Companies to predict all such factors, nor can the Evergy Companies assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained or implied in any forward-looking statement. Given these uncertainties, undue reliance should not be placed on these forward-looking statements. The Evergy Companies undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

More News From Evergy, Inc.

Evergy Inc (EVRG - Free Report) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +9.52%. A quarter ago, it was expected that this electric utility would post earnings of $0.57 per share when it actually produced earnings of $0.42, delivering a surprise of -26.32%.

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 $1.44 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.15%. This compares to year-ago revenues of $1.37 billion. The company has topped consensus revenue estimates two 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 11.7% since the beginning of the year versus the S&P 500's gain of 7.6%.

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 mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with 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 $0.87 on $1.47 billion in revenues for the coming quarter and $4.25 on $6.27 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 40% 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.

Another stock from the same industry, Algonquin Power & Utilities (AQN - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 8.

This utility operator is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of -21.4%. The consensus EPS estimate for the quarter has been revised 10.5% lower over the last 30 days to the current level.

Algonquin Power & Utilities' revenues are expected to be $697.9 million, up 0.8% from the year-ago quarter.

Evergy, Inc. (EVRG) Q1 2026 Earnings Call Transcript