Evergy (NASDAQ:EVRG) Posts Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Key Points

• Evergy reported quarterly EPS of $2.58, beating the $2.33 consensus, while revenue of $2.10 billion also topped estimates of $1.93 billion. EPS increased from $2.03 in the year-ago quarter.
• The company raised its 2026 adjusted EPS guidance to $4.35–$4.50 from $4.14–$4.34. Five signed large-load agreements are expected to support about 3.1 GW of peak demand and 7%–8% annual retail load growth through 2030.
• Evergy raised its quarterly dividend by 4% to $0.7225 per share, or $2.89 annualized, and reaffirmed its long-term adjusted EPS growth target of 6%–8% or more through 2030.

Evergy (NASDAQ:EVRG - Get Free Report) released its quarterly earnings data on Thursday. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.25, FiscalAI reports. Evergy had a return on equity of 10.33% and a net margin of 16.67%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the company 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 Stock Up 0.1%

Evergy stock traded up $0.13 during trading hours on Friday, reaching $87.54. The stock had a trading volume of 3,813,734 shares, compared to its average volume of 2,373,161. The company has a market cap of $20.18 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.26 and a beta of 0.49. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.49 and a quick ratio of 0.21. The business's 50 day moving average price is $81.79 and its 200-day moving average price is $82.26. Evergy has a 52 week low of $71.40 and a 52 week high of $89.66.

Evergy Increases Dividend

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

More Evergy News

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

Insider Activity at Evergy

In other news, Director Jonathan Rolph purchased 1,640 shares of the stock in a transaction dated Friday, September 11th. The shares were acquired at an average cost of $81.47 per share, for a total transaction of $133,610.80. Following 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EVRG. Citigroup raised their target price 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. TD Cowen initiated coverage on shares of Evergy in a report on Thursday, October 22nd. They issued a "buy" rating and a $95.00 price target for the company. Truist Financial initiated coverage on shares of Evergy in a research report on Tuesday, October 27th. They issued a "buy" rating and a $97.00 price target for the company. HSBC assumed coverage on shares of Evergy in a research note on Thursday, October 22nd. They set a "buy" rating and a $92.00 price objective on the stock. Finally, BTIG Research set a $94.00 price objective on shares of Evergy in a report on Tuesday, October 20th. Ten equities research analysts have rated the stock with a Buy rating and three have issued 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 price target of $90.00.

About Evergy

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