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Evergy (EVRG)
NASDAQ:EVRG
Earnings Data
Report Date
May 01, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.67Last Year’s EPS
0.54Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a transformative, growth-oriented company narrative: management secured binding ESAs for 1.9 GW, advanced supportive tariffs and legislation, expanded a deep 15+ GW pipeline, and raised multi-year EPS targets while outlining a funded $21.6B capital program. Near-term challenges include 2025 weather and industrial demand headwinds, higher O&M and financing costs compressing near-term EPS, and sizable financing needs that increase execution and credit sensitivity. Overall, the long-term growth and contractual protections (LLPS/ESAs) appear to materially outweigh the near-term operational and financing headwinds, giving management confidence in accelerated EPS growth beginning in 2028.Company Guidance
Signed Electric Service Agreements (ESAs) for Major Data Centers
Executed 4 ESAs representing 1.9 GW of steady-state peak demand (nearly a 20% increase in total peak system demand). Included 1,300 MW in the 2030 retail load growth forecast; contracts include year-by-year ramp schedules and minimum-bill protections (80% of contracted capacity) that underpin long-term revenue visibility.
Large Customer Pipeline and Load Growth Visibility
Pipeline grown to over 15 GW with Tier 1 demand of ~2.4 GW (includes the 4 ESAs and customers already in service). Management forecasts consolidated retail load growth CAGR of ~6% through 2030, with 3%–4% in 2026 and an average ~7% p.a. from 2027–2030.
Upgraded Long-Term EPS Growth Outlook
Raised long-term adjusted EPS growth target to 6%–8%+ through 2030 off a 2026 guidance midpoint of $4.24; management expects EPS growth to exceed 8% annually beginning in 2028 through 2030.
Regulatory and Policy Wins (LLPS Tariffs and Missouri SB 4)
Approved Large Load Power Service (LLPS) tariffs in Kansas and Missouri establishing premium demand rates (15%–20% higher than standard industrial demand rates) and strong customer protections (minimum bills, credit/collateral, termination fees). Missouri SB 4 passed to support infrastructure investment and extend PISA sunset to 2035.
Ambitious Capital Plan and Rate Base Growth
Rolling 5-year capital plan of ~$21.6 billion (2026–2030), a $4.1 billion increase (+24% vs prior plan), including >$3 billion of new generation investment. Plan implies 11.5% annualized rate base growth through 2030 (up from prior 8.5%).
2025 Financials — Modest Year-over-Year Earnings Improvement
Full-year 2025 adjusted earnings of $894 million ($3.83/share) vs $878 million ($3.81/share) in 2024 (+~1.8% in dollars, EPS ≈ +0.5%).
Reliability and Safety Improvements
Invested $2.8 billion in 2025 to modernize the grid; reported the strongest SAIDI performance in company history and a significant reduction in injury rate, demonstrating operational execution on reliability and safety.
Dividend and Capital Allocation Updates
Raised dividend by 4% to an annualized $2.78; board targets a lower payout ratio of 50%–60% (recently ~65%–70%) to retain earnings and support elevated investment needs.
EVRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EVRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $80.40 | $79.53 | -1.08% |
Nov 06, 2025 | $76.06 | $74.87 | -1.58% |
Aug 07, 2025 | $71.91 | $71.54 | -0.52% |
May 08, 2025 | $67.67 | $64.68 | -4.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Evergy (EVRG) report earnings?
Evergy (EVRG) is schdueled to report earning on May 01, 2026, After Close (Confirmed).
What is Evergy (EVRG) earnings time?
Evergy (EVRG) earnings time is at May 01, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EVRG EPS forecast?
EVRG EPS forecast for the fiscal quarter 2026 (Q1) is 0.67.