Evergy (NASDAQ:EVRG – Get Free Report) issued its earnings results on Thursday. The company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.25, FiscalAI reports. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate 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 company earned $2.03 EPS.
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%
Shares of Evergy stock traded up $0.13 during trading on Friday, hitting $87.54. 3,813,734 shares of the stock traded hands, compared to its average volume of 2,373,161. The stock has a market cap of $20.18 billion, a P/E 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 quick ratio of 0.21 and a current ratio of 0.49. Evergy has a twelve month low of $71.40 and a twelve month high of $89.66. The company has a fifty day moving average price of $81.79 and a two-hundred day moving average price of $82.26.
Evergy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.7225 per share. This is a boost from Evergy’s previous quarterly dividend of $0.6950. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.3%. Evergy’s dividend payout ratio (DPR) is 70.56%.
Insider Activity at Evergy
In other news, Director Jonathan Rolph acquired 1,640 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were purchased at an average price 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.52% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Barclays lowered their price objective on shares of Evergy from $92.00 to $86.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Wall Street Zen downgraded shares of Evergy from a “hold” rating to a “sell” rating in a research report on Saturday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Evergy in a research report on Friday, October 9th. Truist Financial started coverage on shares of Evergy in a research note on Tuesday, October 27th. They set a “buy” rating and a $97.00 target price for the company. Finally, DA Davidson set a $85.00 price target on shares of Evergy in a report on Tuesday, October 13th. Ten 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 stock presently has an average rating of “Moderate Buy” and an average target price of $90.00.
Get Our Latest Stock Analysis on Evergy
Key Headlines 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
About Evergy
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