Sign in

You're signed outSign in or to get full access.

Evergy (EVRG)

--

Earnings summaries and quarterly performance for Evergy.

Recent press releases and 8-K filings for EVRG.

Evergy reports Q4 2025 earnings and updates 2026 guidance
EVRG
Earnings
Guidance Update
New Projects/Investments
  • Evergy delivered full-year 2025 adjusted EPS of $3.83, up from $3.81 in 2024.
  • 2026 adjusted EPS guidance midpoint set at $4.24, driven by normal weather (+$0.13), demand growth (+$0.26), and cost recovery (+$0.35) offset by higher O&M/depreciation & interest (–$0.20) and dilution (–$0.08).
  • Raised long-term adjusted EPS growth target to 6%–8%+ through 2030, with annual growth exceeding 8% beginning in 2028.
  • Executed four major electric service agreements for data centers with Google, Meta, and Beale Infrastructure, expanding a pipeline of over 15 GW of large-load opportunities.
  • Announced a five-year capital investment plan of $21.6 billion, supporting an 11.5% rate base CAGR through 2030.
Feb 19, 2026, 2:00 PM
Evergy reports Q4 2025 results and 2026 outlook
EVRG
Earnings
Guidance Update
New Projects/Investments
  • Evergy’s 2025 GAAP EPS was $3.66 and Adjusted EPS was $3.83, driven by recovery of regulated investments offsetting weather and weak industrial demand.
  • In February 2026, Evergy executed four large data-center ESAs under LLPS tariffs representing ~1.9 GW of peak load and added ~1,300 MW to its 2030 load forecast, supporting a ~6% CAGR in weather-normalized retail demand through 2030.
  • The company raised its long-term adjusted EPS growth target to 6–8%+ off a 2026E midpoint of $4.24, with expected annual growth above 8% beginning in 2028; 2026E Adjusted EPS guidance is $4.24.
  • Evergy approved a $21.6 billion capital investment plan for 2026E–2030E driving a ~11.5% rate base CAGR, financed through a mix of debt and equity, and increased its annual dividend to $2.78 per share.
Feb 19, 2026, 2:00 PM
Evergy outlines Q4 2025 results and raises long-term EPS guidance
EVRG
Guidance Update
New Projects/Investments
Dividends
  • Evergy raised its long-term adjusted EPS growth target to 6%–8%+ through 2030, with growth expected to exceed 8% annually starting in 2028, based on a 2026 guidance midpoint of $4.24 /share.
  • Signed four electric service agreements for major data center projects representing 1.9 GW of peak demand, with 1.3 GW included in the 2030 retail load forecast and at least one more ESA expected in 2026.
  • Invested $2.8 billion in grid modernization in 2025 and unveiled a $21.6 billion capex plan for 2026–2030 (11.5% rate base CAGR), funded by operations cash flow, $8.4 billion of debt/hybrid securities, and $3.3 billion of equity issuances.
  • Increased the dividend 4% to $2.78 annualized in November, targeting a 50%–60% payout ratio.
Feb 19, 2026, 2:00 PM
Evergy reports Q4 2025 results and updates growth outlook
EVRG
Earnings
Guidance Update
New Projects/Investments
  • Evergy delivered 2025 adjusted EPS of $3.83 (vs. $3.81 in 2024) and provided 2026 guidance midpoint of $4.24, driven by weather normalization (+$0.13), demand growth (+$0.26), and return on regulated investments (+$0.35), offset by higher O&M, depreciation, interest, and dilution (-$0.28).
  • The company raised its long-term adjusted EPS growth target to 6%–8%+ through 2030 (off the 2026 guidance midpoint), with expected annual growth exceeding 8% from 2028 onward.
  • Evergy executed electric service agreements for four data center projects totaling 1.9 GW—~20% of system peak—with 1.3 GW in its 2030 retail load forecast; agreements include minimum monthly bills of at least 80% of contracted capacity and premium demand rates.
  • Kansas and Missouri approved the new Large Load Power Service (LLPS) tariffs, imposing 15%–20% premium demand rates, minimum‐bill provisions, credit standards, and termination fees to ensure large customers pay their fair share and support affordability for existing customers.
  • A $21.6 billion 2026-2030 capital plan (11.5% annualized rate base growth) will be funded by $13.5 billion of operating cash flow, $8.4 billion of debt/hybrids, and $3.3 billion of equity; targets include a 14% FFO/debt ratio and a dividend payout ratio of 50%–60%.
Feb 19, 2026, 2:00 PM
Evergy announces 2025 results and 2026 guidance
EVRG
Earnings
Dividends
Guidance Update
  • Evergy reported full-year 2025 GAAP EPS of $3.66 (vs. $3.79 in 2024) and adjusted EPS of $3.83 (vs. $3.81).
  • Declared a quarterly dividend of $0.6950 per share, payable March 20, 2026.
  • Signed electric service agreements for four large customer projects under new LLPS tariffs.
  • Unveiled a $21.6 billion capital investment plan for 2026–2030.
  • Issued 2026 adjusted EPS guidance of $4.14–$4.34 and a long-term non-GAAP EPS growth target of 6–8%+ through 2030.
Feb 19, 2026, 12:00 PM
Evergy releases 2025 results and 2026 guidance
EVRG
Earnings
Dividends
Guidance Update
  • FY 2025 GAAP EPS of $3.66, down from $3.79 in 2024; adjusted EPS of $3.83, up from $3.81.
  • Q4 2025 GAAP EPS of $0.36, up from $0.34 in Q4 2024; adjusted EPS of $0.42, up from $0.35.
  • Declares quarterly dividend of $0.6950 per share, payable March 20, 2026.
  • Establishes 2026 adjusted EPS guidance of $4.14–$4.34 and a long-term growth target of 6–8%+ through 2030; unveils a $21.6 B 2026–2030 capital plan and signs agreements for four large customer projects under new LLPS tariffs.
Feb 19, 2026, 12:00 PM
Evergy, Inc. secures $500 M term loan facility
EVRG
Debt Issuance
  • Evergy, Inc. executed a $500 million Term Loan Credit Agreement on February 11, 2026 with Wells Fargo Bank, National Association as administrative agent and Wells Fargo Securities, LLC as sole lead arranger and bookrunner.
  • The facility permits borrowings at either Base Rate (margin 0.000%) or Term SOFR (margin 1.000%).
  • The agreement includes a financial covenant capping Total Indebtedness to Total Capitalization at 0.65 to 1.0 at each fiscal quarter end, commencing March 31, 2026.
Feb 11, 2026, 9:36 PM
Evergy announces partial repurchase of 4.50% convertible notes due 2027
EVRG
  • Evergy entered into privately negotiated agreements on January 7, 2026 to repurchase $244.1 million of its 4.50% Convertible Notes due 2027 for a total cash cost of $302.5 million (including accrued interest), with final pricing tied to the daily VWAP of Evergy’s common stock over the measurement period beginning January 7, 2026.
  • Upon closing, $1,155.9 million aggregate principal of these notes will remain outstanding.
  • The notes are initially convertible at 16.1809 shares of common stock per $1,000 principal amount (equivalent to a conversion price of $61.80 per share).
Jan 7, 2026, 9:15 PM
Evergy announces partial repurchase of convertible notes
EVRG
  • Evergy entered into privately negotiated agreements to repurchase $244.1 million principal of its 4.50% Convertible Notes due 2027 for approximately $302.5 million in cash, with final pricing subject to a VWAP-based adjustment over a measurement period starting January 7, 2026.
  • After these repurchases, roughly $1,155.9 million of principal on the Notes will remain outstanding.
  • The Notes were initially convertible at 16.1809 shares per $1,000 of principal, equivalent to an initial conversion price of $61.80 per share.
  • Evergy anticipates holders may employ convertible arbitrage strategies, potentially hedging through share or derivatives transactions to close short positions in its common stock.
Jan 7, 2026, 11:30 AM
Evergy Kansas Central issues $300M 5.25% Series Mortgage Bonds
EVRG
Debt Issuance
  • On December 5, 2025, Evergy Kansas Central issued $300 million aggregate principal amount of its First Mortgage Bonds, 5.25% Series due 2035, under its Form S-3 shelf registration, representing a reopening of the series originally issued on March 13, 2025.
  • The bonds were sold through an Underwriting Agreement dated December 1, 2025 with BNY Mellon Capital Markets, Regions Securities, TD Securities (USA) and Wells Fargo Securities as joint representatives.
  • These bonds are secured by the company’s Base Mortgage Indenture dated July 1, 1939 (as amended and supplemented, including the Fifty-Third Supplemental (Reopening) Indenture) with The Bank of New York Mellon Trust Company, N.A. acting as trustee.
Dec 5, 2025, 9:15 PM