Evergy (NASDAQ:EVRG) Issues Quarterly Earnings Results

Evergy (NASDAQ:EVRG) issued its earnings results on Thursday. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.15), Zacks reports. Evergy had a return on equity of 8.66% and a net margin of 14.45%.The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the business earned $0.35 earnings per share. Evergy updated its FY 2026 guidance to 4.140-4.340 EPS.

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

• Evergy raised its long‑term adjusted EPS growth target to 6%–8%+ through 2030 (off a 2026 midpoint of $4.24) and expects growth to exceed 8% annually beginning in 2028, reflecting confidence from recently executed large customer agreements.
• The company executed electric service agreements for four data‑center projects totaling 1.9 GW (about a ~20% increase in peak demand) and says its large‑load pipeline now exceeds 15 GW, supporting a planned ~6% retail load CAGR to 2030.
• Kansas and Missouri approvals of the LLPS tariffs (15%–20% premium demand rates, minimum‑bill at ≥80% of contracted capacity, credit/collateral and termination fees) are designed to shift costs to new large customers and provide strong revenue visibility and protections for Evergy.
• Evergy increased its 2026–2030 capital plan to $21.6 billion (11.5% rate base CAGR) and plans a financing mix including ~$3.3 billion common equity (2026–2029 run rate ~$700M–$900M/year), a target FFO/debt ~14%, and a revised dividend payout target of 50%–60%.

Evergy Trading Up 0.5%

Shares of NASDAQ EVRG traded up $0.38 during trading on Thursday, reaching $80.78. The stock had a trading volume of 1,724,395 shares, compared to its average volume of 2,125,636. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.30 and a current ratio of 0.52. The company has a market cap of $18.60 billion, a P/E ratio of 22.09, a PEG ratio of 3.23 and a beta of 0.66. Evergy has a fifty-two week low of $61.94 and a fifty-two week high of $83.19. The business’s 50-day moving average price is $75.48 and its 200-day moving average price is $74.98.

Key Stories Impacting Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Declared quarterly dividend and announced new large commercial/industrial customers, supporting near‑term cash returns and long‑term revenue growth. Evergy Releases 2025 Results, Announces New Large Customers, Declares Quarterly Dividend and Establishes 2026 Guidance
• Neutral Sentiment: Q4 revenues increased year‑over‑year (beat expectations), indicating demand strength even as per‑share profitability was weaker. This moderates the negative EPS reaction. Evergy’s Q4 Earnings Miss Estimates, Revenues Increase Y/Y
• Neutral Sentiment: Company posted slides and an earnings‑call presentation providing additional detail on results and strategy (useful for investors assessing execution). Evergy, Inc. 2025 Q4 – Results – Earnings Call Presentation
• Negative Sentiment: Q4 EPS missed consensus: reported $0.42 vs. $0.57 expected, which pressured near‑term sentiment despite higher revenues. Evergy Inc (EVRG) Lags Q4 Earnings Estimates
• Negative Sentiment: FY2026 EPS guidance of $4.14–$4.34 is modestly below the Street consensus (~$4.28), signaling slower near‑term earnings upside than investors expected. Evergy Outlines 2026 Guidance and Long-Term Growth Plan
• Negative Sentiment: Announced a new five‑year capital plan of $21.6 billion to meet accelerating demand — supports long‑term growth but raises execution, funding and rate‑case risk that could pressure cash flow and credit metrics. Evergy forecasts 2026 profit below estimates, launches new five-year capex plan

Institutional Investors Weigh In On Evergy

Hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its position in Evergy by 1.6% in the 4th quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock valued at $272,602,000 after buying an additional 57,814 shares during the period. Northern Trust Corp raised its stake in shares of Evergy by 10.6% in the third quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock valued at $209,853,000 after acquiring an additional 263,619 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in Evergy by 5.9% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 1,364,928 shares of the company’s stock valued at $98,944,000 after purchasing an additional 75,614 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Evergy by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,347,410 shares of the company’s stock valued at $97,682,000 after purchasing an additional 19,042 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its stake in Evergy by 476.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock worth $87,559,000 after purchasing an additional 998,400 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EVRG has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a research report on Monday, December 29th. BMO Capital Markets increased their price target on shares of Evergy from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $91.00 price target on shares of Evergy in a research report on Friday, January 23rd. Citigroup increased their price objective on Evergy from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Finally, Wells Fargo & Company lifted their target price on Evergy from $77.00 to $79.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.25.

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.