Evergy (NASDAQ:EVRG) Issues Earnings Results

Evergy (NASDAQ:EVRG) released its quarterly earnings results on Thursday. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.25, FiscalAI reports. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Evergy had a return on equity of 10.33% and a net margin of 16.67%. During the same quarter in the prior year, the business posted $2.03 earnings per share.

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

• Evergy raised 2026 adjusted EPS guidance to $4.35–$4.50 from $4.14–$4.34, after Q3 adjusted EPS rose to $2.58 from $2.03. Results benefited from unusually warm weather, load growth, large-customer revenue and regulated investment recovery, partly offset by higher operating and depreciation costs.
• Five executed large-load agreements, together with other large customers, are expected to support about 3.1 GW of peak demand and 7%–8% annual retail load growth through 2030. A separate 1.4 GW Digital Realty expansion remains a letter of intent, not a signed agreement, and would add potential growth and capital investment beyond the current plan.
• Management reaffirmed long-term adjusted EPS growth of 6%–8%+ through 2030, with growth expected to exceed 8% annually from 2028. Evergy also announced a 4% quarterly dividend increase, to an annualized $2.89 per share.
• Evergy’s five-year capital estimate increased to $22.5 billion, with a roughly 12% rate-base CAGR through 2030; the potential Digital Realty project alone could require about $4 billion, mostly after 2030. The company expects to fund its plan through operating cash flow, debt and equity, and said it has priced about $700 million of ATM equity so far.
• Management emphasized that large-load tariffs and proposed enhancements are intended to make new customers cover direct and incremental system costs and provide affordability benefits to existing customers. Several regulatory approvals remain pending, including the Kansas tariff enhancement and Missouri rate cases, leaving the timing and final customer and shareholder impacts subject to commission decisions.

Evergy Price Performance

Shares of NASDAQ EVRG traded up $0.13 during midday trading on Friday, reaching $87.54. The company’s stock had a trading volume of 3,813,734 shares, compared to its average volume of 2,373,161. The company has a current ratio of 0.49, a quick ratio of 0.21 and a debt-to-equity ratio of 1.22. The company has a 50 day moving average price of $81.79 and a 200 day moving average price of $82.26. Evergy has a one year low of $71.40 and a one year high of $89.66. The company has a market cap of $20.18 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.26 and a beta of 0.49.

Evergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, November 20th will be issued a $0.7225 dividend. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, November 20th. This is an increase from Evergy’s previous quarterly dividend of $0.6950. Evergy’s payout ratio is presently 70.56%.

Insider Buying and Selling

In other Evergy news, Director Jonathan Rolph bought 1,640 shares of Evergy stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average cost of $81.47 per share, for a total transaction of $133,610.80. Following the completion of the acquisition, the director owned 670 shares of the company’s stock, valued at approximately $54,584.90. This represents a -169.07% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by corporate insiders.

Key Stories Impacting Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Evergy reported Q3 earnings of $2.58 per share, above the $2.33 consensus, while revenue of $2.10 billion also topped estimates. Earnings grew from $2.03 per share a year earlier, with growth attributed to its Kansas Central and Metro businesses. Article: Evergy’s Q3 Earnings and Revenues Beat Estimates, ’26 EPS View Raised
• Positive Sentiment: The company raised its 2026 adjusted EPS outlook to $4.35–$4.50, above the cited FactSet estimate of $4.29. Higher guidance suggests management expects earnings momentum to continue. Article: Evergy Expects 2026 Adjusted EPS Range
• Positive Sentiment: Evergy increased its quarterly dividend 4% to $0.7225 per share, or $2.89 annualized—an indication of confidence in its cash generation and a modest boost to shareholder income.
• Positive Sentiment: Coverage of the earnings call highlighted customer demand and planned investment as growth themes, adding potential support to the company’s longer-term outlook. Article: Evergy Earnings Call Signals Strong Growth and Investment

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. TD Cowen started coverage on shares of Evergy in a research note on Thursday, October 22nd. They set a “buy” rating and a $95.00 price objective on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Evergy in a research report on Friday, October 9th. BTIG Research set a $94.00 target price on shares of Evergy in a research note on Tuesday, October 20th. BMO Capital Markets dropped their price target on shares of Evergy from $89.00 to $85.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th. Finally, HSBC assumed coverage on shares of Evergy in a research report on Thursday, October 22nd. They set a “buy” rating and a $92.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Evergy presently has an average rating of “Moderate Buy” and an average target price of $90.00.

Evergy Company Profile