Earnings summaries and quarterly performance for Evergy.
Executive leadership at Evergy.
David Campbell
Chairman, President and Chief Executive Officer
Bryan Buckler
Executive Vice President and Chief Financial Officer
Charles Caisley
Executive Vice President, Utility Operations and Chief Customer Officer
Geoffrey Ley
Vice President, Corporate Planning and Treasurer
Heather Humphrey
Senior Vice President, General Counsel and Corporate Secretary
Board of directors at Evergy.
Ann Murtlow
Director
Anthony Isaac
Lead Independent Director
Dean Newton
Director
James Scarola
Director
John Wilder
Director
Jonathan Rolph
Director
Mary Landrieu
Director
Neal Sharma
Director
Paul Keglevic
Director
Sandra Lawrence
Director
Sandra Price
Director
Research analysts who have asked questions during Evergy earnings calls.
Travis Miller
Morningstar
6 questions for EVRG
Julien Dumoulin-Smith
Jefferies
4 questions for EVRG
Nathan Richardson
Barclays
4 questions for EVRG
Paul Patterson
Glenrock Associates
4 questions for EVRG
Durgesh Chopra
Evercore ISI
3 questions for EVRG
Paul Fremont
Ladenburg Thalmann
3 questions for EVRG
Anthony Crowdell
Mizuho Financial Group
2 questions for EVRG
Paul Zimbardo
Jefferies Financial Group Inc.
2 questions for EVRG
Ryan Levine
Citigroup
2 questions for EVRG
Shahriar Pourreza
Guggenheim Partners
2 questions for EVRG
Steve D'Ambrisi
RBC Capital Markets
2 questions for EVRG
Nicholas Campanella
Barclays
1 question for EVRG
Paul Cole
Bank of America
1 question for EVRG
Recent press releases and 8-K filings for EVRG.
- 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.
- On November 25, 2025, Evergy Kansas Central entered into the Fifty-Fourth Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A., amending its Mortgage and Deed of Trust dated July 1, 1939.
- Because no bonds issued prior to January 1, 1997 remain outstanding, the prior 60% bondable ratio is no longer effective and the ratio reverts to 70% for issuing new first mortgage bonds.
- The Indenture now allows release of mortgaged property under (i) a fair-value test ≥ 10/7 of aggregate outstanding bond principal or (ii) de minimis releases (< 0.5% of outstanding principal per 12 months).
- Financial tests (net earnings and independent engineer’s certificate requirements) for issuing additional bonds, mergers, and certain property releases have been removed; nuclear fuel is added as bondable property and variable-rate bonds are permitted.
- Provisions added for issuing substitute first mortgage bonds with equal-or-better ratings, deletion of certain default triggers (e.g., judgments > $100,000), and inclusion of a governing law clause.
- Q3 adjusted EPS of $2.03, up from $2.02 a year ago, and YTD EPS of $3.41 vs. 3.46; narrowed 2025 adjusted EPS guidance to $3.92–$4.02 and raised the annual dividend 4% to $2.78.
- Operational reliability remains strong, with favorable force outage rates and SAIDI metrics, and the Wolf Creek nuclear unit producing approximately 1,200 MW of non-carbon energy.
- Economic development pipeline exceeds 15 GW, highlighted by a 4–6 GW tier-one large-load opportunity and a 24 MW Lambda data center (scalable to 100 MW), with 1.2 GW peak demand anticipated and 500 MW online by 2029, supporting 2–3% (potentially 4–5%) load growth.
- Regulatory progress includes a unanimous Kansas LLPS settlement expected to be approved today, and in Missouri, approvals for solar and gas projects plus a non-unanimous LLPS settlement with decision anticipated by year-end.
- A $17.5 billion capital plan underpins 8.5% rate-base growth through 2029, with equity-content financing to maintain credit metrics; forecasts top-half of 4–6% EPS growth in 2026.
- Adjusted EPS of $2.03 in Q3 2025, up from $2.02 a year ago; YTD adjusted EPS of $3.41 vs. $3.46 last year, leading to a narrowed 2025 guidance of $3.92–$4.02 per share due to weather headwinds.
- Declared a 4% dividend increase, raising the annualized rate to $2.78 per share, targeting a 60–70% payout ratio.
- Highlighted an economic development pipeline of over 15 GW, including 4–6 GW of tier-one large customer load poised to drive 2–3% base demand growth with potential to increase to 4–5% through 2029.
- Committed to a $17.5 billion five-year capital plan supporting 8.5% rate-base growth by 2029; plans up to $2.8 billion in equity financing, with large customer load expected to reduce equity needs.
- Emphasized ongoing regulatory progress with a unanimous Kansas LLPS settlement expected decision on Nov. 6 and a Missouri LLPS decision by year-end; anticipates constructive rate case mechanisms to manage regulatory lag.
- Evergy delivered $2.03 adjusted EPS in Q3 2025, up from $2.02 a year ago; YTD adjusted EPS stood at $3.41 vs. $3.46, and the full-year guidance was narrowed to $3.92-$4.02 from $3.92-$4.12.
- Weather-normalized demand grew 2% in Q3, driven by residential and commercial usage, including the Meta data center; local unemployment remains below the 4.3% U.S. average.
- The economic development pipeline exceeds 15 GW, with a 4–6 GW tier-one large-customer opportunity; Lambda’s AI data center will launch with 24 MW in early 2026, scalable to 100 MW.
- Regulatory progress includes pending approvals for large-load power service tariffs for customers >75 MW in Kansas and Missouri, and CCN settlements for new gas and solar projects.
- Quarterly dividend increased 4% to an annualized $2.78 per share, targeting a 60–70% payout ratio.
- Evergy posted GAAP and adjusted EPS of $2.03 in Q3 2025, up from $2.02 in Q3 2024, driven by recovery of regulated investments and load growth, partially offset by higher interest expense and depreciation.
- 2025 adjusted EPS guidance narrowed to $3.92–$4.02 (midpoint unchanged) after a $0.13 weather headwind and $0.02 incremental convertible dilution, offset by $0.10 of mitigation measures.
- The board approved a 4% dividend increase to $2.78 per share, annualized.
- Load growth outlook reaffirmed at 2–3% CAGR through 2029, supported by a 4–6 GW Tier 1 large customer pipeline, with a comprehensive update planned at year-end.
- A $17.5 billion capital investment plan for 2025–2029 was outlined, with $2.8 billion of equity financing projected to fund growth.
- Evergy reported Q3 2025 GAAP EPS of $2.03, up from $2.02 in Q3 2024.
- Q3 2025 Adjusted EPS of $2.03, compared with $2.02 a year earlier.
- The company increased its quarterly dividend by 4% to $0.6950 per share.
- Evergy narrowed its 2025 adjusted EPS guidance to $3.92–$4.02 and reaffirmed a long-term annual growth target of 4–6%.
- Evergy, TerraPower and the Kansas Department of Commerce signed a memorandum of understanding to evaluate deploying TerraPower’s Natrium nuclear reactor and energy storage system in Evergy’s Kansas service territory.
- The Natrium design pairs a 345-megawatt sodium-cooled fast reactor with molten-salt storage, boosting output to 500 MW during peak demand while sustaining steady base generation.
- Evergy serves 1.7 million customers across Kansas and Missouri, with about half its generation from carbon-free sources and ranking among the largest U.S. wind energy providers.
- TerraPower, partnered with GE Vernova Hitachi Nuclear Energy, recently secured $650 million in funding to advance Natrium technology; the first project broke ground in Wyoming in 2024.
- On August 15, 2025, Evergy Metro, Inc. issued $400 million aggregate principal amount of its 5.125% Mortgage Bonds, Series 2025 due 2035, under its shelf registration on Form S-3.
- The bonds were sold pursuant to an Underwriting Agreement dated August 11, 2025, with BNY Mellon Capital Markets, Citigroup Global Markets, Goldman Sachs & Co. and J.P. Morgan Securities as representatives of the underwriters.
- The bonds are secured by the company’s General Mortgage and Deed of Trust (originally dated December 1, 1986), as amended by the Twenty-second Supplemental Indenture dated August 15, 2025.
- Included exhibits are the underwriting agreement, the supplemental indenture and the legal opinion of the company’s General Counsel confirming the bonds as valid and binding obligations.
- Q1 2025 Earnings: Evergy reported earnings of $125.0 million and EPS of $0.54 per share (both GAAP and adjusted) amid challenging weather and industrial demand factors .
- Dividend Declared: The company announced a quarterly dividend of $0.6675 per share, payable on June 20, 2025 .
- EPS Guidance: Evergy reaffirmed its 2025 EPS guidance at $3.92–$4.12 per share (midpoint $4.02), reflecting strong operational fundamentals .
- Equity Distribution Agreement: The company entered into an agreement to offer and sell shares of its common stock with a potential aggregate offering price of $1.2 billion; the proposed issuance is authorized, fully paid, and nonassessable .
- Capital Plan: A $17.5 billion capital plan is underway through 2029 with a target FFO-to-debt ratio of approximately 15% and planned future equity issuances starting primarily in 2026 .
- Regulatory Compliance: Key filings, including the Registration Statement and related legal documents, ensure compliance with GAAP and regulatory requirements for the equity offering .
- Investment Outlook: Favorable legislative outcomes in Kansas and Missouri are driving incremental load growth and new projects, including data centers and additional megawatt capacity .
Quarterly earnings call transcripts for Evergy.
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