Evergy (NASDAQ:EVRG) Releases Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Evergy (NASDAQ:EVRG) issued its quarterly earnings data on Thursday. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.15), Zacks reports. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Evergy had a return on equity of 8.66% and a net margin of 14.45%.During the same quarter 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 Stock Performance

Shares of NASDAQ:EVRG traded down $0.78 during mid-day trading on Friday, reaching $78.75. 199,807 shares of the company traded hands, compared to its average volume of 2,159,101. The company’s 50 day moving average price is $75.60 and its 200-day moving average price is $75.01. The firm has a market cap of $18.13 billion, a PE ratio of 21.66, a PEG ratio of 3.19 and a beta of 0.66. Evergy has a 52 week low of $61.94 and a 52 week high of $83.19. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.30.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Evergy’s payout ratio is presently 76.16%.

Key Stories Impacting Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Declared a quarterly dividend of $0.695 per share (annualized yield ~3.5%); payable Mar 20 to holders of record Mar 10 — supports income investors and signals cash return to shareholders. Read More.
• Positive Sentiment: Announced new large commercial/industrial customers and reiterated a long‑term growth plan—these customer wins support demand growth and future revenue visibility. Read More.
• Neutral Sentiment: Earnings call transcript and slide deck are available for deeper review by investors (useful for modeling and management commentary). Read More. • Read More.
• Neutral Sentiment: Short‑interest update in the available data shows zeros/inconsistent figures — appears to be a reporting/data glitch and is not informative for positioning. (No reliable short‑interest signal.)
• Negative Sentiment: Q4 EPS missed consensus: reported $0.42 vs. consensus ~$0.57; revenue ~ $1.33B vs. expectation ~$1.41B — an earnings miss that pressures near‑term sentiment. Read More. • Read More.
• Negative Sentiment: Updated FY‑2026 EPS guidance of $4.14–$4.34 comes in slightly below consensus (~$4.28) and Reuters notes the company now expects 2026 profit below Wall Street estimates; Evergy also unveiled a large five‑year capex plan (~$21.6B) to meet rising demand — investors may view the combination of softer guidance and heavy future spending as a near‑term headwind. Read More. • Read More.

Institutional Trading of Evergy

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hilltop Holdings Inc. raised its position in shares of Evergy by 1.6% during the 4th quarter. Hilltop Holdings Inc. now owns 8,990 shares of the company’s stock valued at $652,000 after purchasing an additional 142 shares during the period. Moneta Group Investment Advisors LLC increased its stake in Evergy by 0.3% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 46,972 shares of the company’s stock worth $3,571,000 after buying an additional 145 shares in the last quarter. Bank of Jackson Hole Trust raised its holdings in Evergy by 35.9% during the fourth quarter. Bank of Jackson Hole Trust now owns 677 shares of the company’s stock valued at $49,000 after acquiring an additional 179 shares during the period. IHT Wealth Management LLC lifted its position in shares of Evergy by 1.0% in the second quarter. IHT Wealth Management LLC now owns 20,528 shares of the company’s stock valued at $1,415,000 after acquiring an additional 212 shares in the last quarter. Finally, Triumph Capital Management boosted 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 worth $37,000 after acquiring an additional 260 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Evergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. BMO Capital Markets boosted their price objective on shares of Evergy from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. Mizuho restated a “neutral” rating and issued a $76.00 price objective (down previously from $86.00) on shares of Evergy in a report on Thursday, December 18th. Barclays raised their target price on shares of Evergy from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.