Evergy (NASDAQ:EVRG) Posts Earnings Results

Key Points

• Evergy beat Q1 estimates with $0.69 adjusted EPS versus $0.63 expected and reported revenue of $1.44B (up 5% YoY), driven by regulated investment recovery, stronger demand and higher large‑customer sales, which propelled the stock higher.
• The company declared a quarterly dividend of $0.695 (annualized $2.78, ~3.4% yield) with record date May 22 and pay date June 18, and a payout ratio of about 75.8%.
• Management reaffirmed 2026 guidance (FY EPS range $4.14–$4.34) and announced a new large customer, but rising interest expense (≈14% YoY) and Evergy’s leverage could pressure margins and near‑term free cash flow.

Evergy (NASDAQ:EVRG - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.06, FiscalAI reports. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.27 billion. Evergy had a net margin of 14.35% and a return on equity of 8.79%. The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share.

Evergy Price Performance

Evergy stock traded up $1.74 during midday trading on Thursday, reaching $82.73. The company's stock had a trading volume of 3,524,478 shares, compared to its average volume of 1,722,487. The company has a current ratio of 0.49, a quick ratio of 0.27 and a debt-to-equity ratio of 1.27. The stock has a market cap of $19.05 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 2.10 and a beta of 0.56. Evergy has a 52 week low of $63.29 and a 52 week high of $85.27. The business has a 50-day moving average price of $82.07 and a 200-day moving average price of $78.20.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd will be given a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, May 22nd. Evergy's payout ratio is currently 75.75%.

Key Evergy News

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Q1 beat and revenue growth — Evergy reported adjusted EPS of $0.69 (vs. $0.63 est.) and revenue of $1.44B, driven by regulated investment recovery, stronger demand and higher large‑customer sales; this beat is the main catalyst for the stock strength. Evergy beats profit estimates on regulated investment recovery, stronger demand
• Positive Sentiment: New large customer and reaffirmed 2026 guidance — Management announced a new large customer and said it is reaffirming 2026 guidance, supporting confidence in revenue stability and growth prospects. Evergy Announces First Quarter 2026 Results, Announces New Large Customer, Declares Quarterly Dividend and Reaffirms 2026 Guidance
• Positive Sentiment: Dividend declared — Evergy declared a quarterly dividend of $0.695/share (annualized yield ~3.4%), reinforcing the income profile and appealing to dividend investors (record May 22, pay June 18).
• Neutral Sentiment: FY2026 EPS range set — Management updated full‑year EPS guidance to $4.140–$4.340, which overlaps the consensus (~$4.24) but leaves execution risk toward the lower bound; investors should watch guidance cadence for signs of upside or trimming. Press Release
• Negative Sentiment: Rising interest costs and leverage pressure margins — Interest expense rose ~14.4% Y/Y, which, together with Evergy’s leverage profile, could weigh on free cash flow and limit near‑term upside if rates stay elevated. Evergy's Q1 Earnings Beat Estimates, Revenues Increase Y/Y

Insider Activity

In other news, Director Ann D. Murtlow sold 2,847 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total value of $234,421.98. Following the sale, the director directly owned 2,311 shares in the company, valued at approximately $190,287.74. This trade represents a 55.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Charles L. King sold 2,440 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction of $200,543.60. Following the transaction, the senior vice president owned 18,359 shares of the company's stock, valued at approximately $1,508,926.21. This represents a 11.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 8,937 shares of company stock worth $736,492. Corporate insiders own 1.52% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Brighton Jones LLC bought a new position in Evergy in the fourth quarter valued at about $257,000. Schnieders Capital Management LLC. grew its holdings in shares of Evergy by 4.2% during the second quarter. Schnieders Capital Management LLC. now owns 21,545 shares of the company's stock worth $1,485,000 after purchasing an additional 872 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Evergy during the fourth quarter worth about $122,000. Bank of Jackson Hole Trust increased its stake in shares of Evergy by 35.9% in the fourth quarter. Bank of Jackson Hole Trust now owns 677 shares of the company's stock valued at $49,000 after buying an additional 179 shares during the period. Finally, Triumph Capital Management increased its stake in shares of Evergy by 104.8% in the fourth quarter. Triumph Capital Management now owns 508 shares of the company's stock valued at $37,000 after buying an additional 260 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on EVRG shares. UBS Group lowered Evergy from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $86.00 to $88.00 in a research note on Friday, February 13th. Bank of America cut their target price on Evergy from $89.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. BTIG Research started coverage on Evergy in a research report on Thursday, April 9th. They issued a "buy" rating and a $99.00 price target on the stock. Citigroup boosted their price target on Evergy from $89.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, February 20th. Finally, Wall Street Zen raised shares of Evergy from a "sell" rating to a "hold" rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Evergy currently has a consensus rating of "Moderate Buy" and an average target price of $89.30.

About Evergy

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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