Evergy, Inc. (EVRG) Earnings Call Transcripts

Evergy, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Evergy, Inc. reported adjusted earnings of $0.69 per share, exceeding the $0.55 per share from the previous year, driven by growth in weather-normalized demand and new electric service agreements (ESAs). Revenue growth was supported by the addition of a fifth large customer ESA, which is expected to enhance margins and bolster the company's earnings growth trajectory. Management reaffirmed its 2026 adjusted EPS guidance range of $4.14 to $4.34 per share and indicated a long-term adjusted EPS growth target of 6% to 8% through 2030, with expectations for growth to exceed 8% annually starting in 2028.

Reported metrics

Guidance from management

Management reaffirmed its 2026 adjusted EPS guidance midpoint of $4.24 and expects annual earnings growth to exceed 8% beginning in 2028, supported by the new ESA and other amendments.

What management said

Yes, Nick, thanks for the question. And I think you interpreted exactly what we were trying to communicate. There's a lot of great momentum. These are signed ESAs with great counterparties with minimum bills that just give us tremendous line of sight. And so it sounds like you're hearing what we want you to hear, which is confidence that not only can we exceed 8% in those out years, but it's trending towards the math...

Nick, this is Bryan again. Yes, so for capital updates, it's still where we've described it before. When we updated our capital investment plan back in February, we funded that with about 37% equity. So the incremental capital was around 37%. We generally have given a range of 40% to 50% assumption on that going forward. So I think that still applies here.

What analysts pressed on

Analysts raised concerns about potential rate increases in Missouri West due to infrastructure investment needs, which may lead to rates above inflation. Management acknowledged these concerns but emphasized the long-term benefits of the investments and the overall affordability strategy.

Main topics on the call

• New Electric Service Agreement — Evergy signed a fifth large customer electric service agreement, which is expected to significantly boost margins and support adjusted EPS growth. Management stated, "This new customer will take service under our large l...
• Reaffirmed EPS Guidance — Management reaffirmed its 2026 adjusted EPS guidance range of $4.14 to $4.34 per share, maintaining confidence in achieving the midpoint of $4.24. They expect adjusted EPS growth to exceed 8% annually beginning in 2028, ...
• Retail Load Growth Expectations — Evergy anticipates retail load growth of 7% to 8% through 2030, up from the previous forecast of 6%. This growth is supported by the strong performance of large customers, including data centers, which are expected to co...
• Impact of Mild Weather — The mild winter weather negatively impacted earnings by approximately $0.06 compared to budget, but was offset by strong weather-normalized demand growth of 4.7%. Management noted, "The strong start to the year in weathe...

Read the full Evergy, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Evergy, Inc. earnings call transcripts on record, spanning March 2, 2020 to May 7, 2026. Based on this history, Evergy, Inc. reports quarterly. The most recent call on file is dated May 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EVRG

Exchange

NasdaqGS

Country

US

Sector

Utilities

Industry

Electric Utilities

Calls on record

29

First call

March 2, 2020

Most recent

May 7, 2026

Reporting cadence

quarterly