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

by · The Cerbat Gem

Evergy (NASDAQ:EVRG – Get Free Report) announced its earnings results on Thursday. The company reported $2.58 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the business 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 Performance

Shares of NASDAQ EVRG traded up $0.13 during mid-day trading on Friday, hitting $87.54. The stock had a trading volume of 3,813,734 shares, compared to its average volume of 2,373,161. The firm has a market cap of $20.18 billion, a PE 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. The company has a 50 day moving average of $81.79 and a two-hundred day moving average of $82.26. Evergy has a twelve month low of $71.40 and a twelve month high of $89.66.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, November 20th will be given a $0.7225 dividend. This represents a $2.89 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 20th. This is a positive change from Evergy’s previous quarterly dividend of $0.6950. Evergy’s payout ratio is currently 70.56%.

Insider Buying and Selling

In other news, Director Jonathan Rolph purchased 1,640 shares of the stock in a transaction on Friday, September 11th. The stock was bought at an average price of $81.47 per share, with a total value of $133,610.80. Following the transaction, the director owned 670 shares in the company, valued at $54,584.90. The trade was a -169.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on EVRG. TD Cowen initiated coverage on Evergy in a research note on Thursday, October 22nd. They issued a “buy” rating and a $95.00 price target for the company. Wall Street Zen lowered Evergy from a “hold” rating to a “sell” rating in a research note on Saturday. DA Davidson set a $85.00 price objective on shares of Evergy in a report on Tuesday, October 13th. HSBC assumed coverage on shares of Evergy in a report on Thursday, October 22nd. They set a “buy” rating and a $92.00 price objective on the stock. Finally, 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 objective for the company. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

View Our Latest Analysis on EVRG

Key Stories 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

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