Analyst Consensus ?
ConsensusHold18 ratings
Bullish738.9%
Neutral950.0%
Bearish211.1%
Evergy, Inc. · EVRG · FY2024 Q3 · Calendar Q4 2024
Evergy pairs higher capital spending with large-load growth
Evergy's reported earnings and maintained guidance support a constructive operating picture, but the investment case increasingly depends on converting large-load opportunities into rate-base growth while managing capital, regulatory and financing execution.
Reported Before market openNASDAQUtilities
$19.46B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.02
Consensus $1.93
EPS surprise
+4.7%
Reported versus consensus
Reported revenue
$1.81B
Consensus $1.05B
Revenue surprise
+72.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.6%
Event window
SPY move
+0.8%
Same window
Abnormal move
-0.2%
Stock minus SPY
Volume
2.2×
Versus trailing sessions
Subsequent drift
+2.5%
Up to 20 sessions
EVRGSPY benchmark
Ask FN2 about EVRG FY2024 Q3
Transcript, numbers and history already loaded
Why did EVRG rise 0.6% after beating EPS estimates in FY2024 Q3?What changed in EVRG's guidance and outlook in FY2024 Q3?Give me the bull and bear case for EVRG after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management increased the five-year capital plan to $16.2 billion, added new gas and solar projects, introduced 2025 EPS guidance, and disclosed a 4% dividend increase. The current analysis also highlights planned equity issuance in 2026-27 and a Kansas capital-structure workshop.
Guidance delta
2024 EPS guidance was reaffirmed; management introduced 2025 adjusted EPS guidance of $3.92-$4.12, with a $4.02 midpoint.
Key takeaways
- Q3 adjusted EPS was $2.02 and 2024 EPS guidance was reaffirmed.
- The five-year capital plan increased to $16.2 billion, including two combined-cycle gas plants and three solar farms.
- Google, Panasonic and Meta contribute about 750 MW of load, while the potential-load pipeline exceeds 6 GW.
- Management raised the dividend 4% to $2.67 annually and targets a 60%-70% payout ratio.
- The growth plan depends on regulatory execution, construction delivery and financing.
Management priorities
- Execute the $16.2 billion capital plan across generation, transmission and distribution.
- Develop two combined-cycle gas plants and three utility-scale solar farms.
- Pursue additional large-load customers in the 500-1,000 MW range.
- Advance rate cases and the Kansas capital-structure workshop.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$84.61Current
$57Low
$80.39Average
$94High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Oct 19, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Oct 13, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 24, 2026 |
| UBS | Neutral | Neutral | Maintain | May 8, 2026 |
| B of A Securities | Buy | Buy | Maintain | Apr 14, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Feb 20, 2026 |
| Mizuho | Neutral | Outperform | Downgrade | Dec 18, 2025 |
| Jefferies | Buy | Buy | Maintain | Oct 9, 2025 |
| Ladenburg Thalmann | Buy | Neutral | Upgrade | Jan 2, 2025 |
| Guggenheim | Neutral | Buy | Downgrade | Jan 22, 2024 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Sep 11, 2023 |
| Credit Suisse | Underperform | Outperform | Downgrade | Nov 29, 2022 |
| Seaport Global | Neutral | Buy | Downgrade | Nov 21, 2022 |
| Evercore ISI Group | In Line | Outperform | Downgrade | Jan 25, 2022 |
| Goldman Sachs | Neutral | Buy | Downgrade | Jan 13, 2022 |
| CFRA | Hold | Hold | Maintain | May 7, 2020 |
| Bank of America | Underperform | Neutral | Downgrade | Nov 20, 2019 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Aug 9, 2019 |
Named analyst price targets
Upside is calculated against the persisted current price $84.61. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BTIG | Analyst unavailable | $94 | $81.69 | +11.1% | Oct 20, 2026 |
| Barclays | Analyst unavailable | $86 | $83.3 | +1.6% | Oct 19, 2026 |
| D.A. Davidson | Analyst unavailable | $85 | $81.32 | +0.5% | Oct 13, 2026 |
| BMO Capital | Analyst unavailable | $85 | $80.77 | +0.5% | Oct 13, 2026 |
| BTIG | Analyst unavailable | $97 | $86.56 | +14.6% | Jul 23, 2026 |
| Barclays | Analyst unavailable | $94 | $87.01 | +11.1% | Jun 30, 2026 |
| UBS | William Appicelli | $91 | $82.73 | +7.6% | May 8, 2026 |
| Wells Fargo | Shahriar Pourreza | $87 | $81.67 | +2.8% | Apr 21, 2026 |
| BTIG | Analyst unavailable | $99 | $84.41 | +17.0% | Apr 9, 2026 |
| Barclays | Analyst unavailable | $89 | $83.13 | +5.2% | Mar 9, 2026 |
| BMO Capital | Analyst unavailable | $87 | $81.8 | +2.8% | Feb 23, 2026 |
| Mizuho Securities | Analyst unavailable | $82 | $80.26 | -3.1% | Feb 23, 2026 |
| UBS | William Appicelli | $88 | $80.69 | +4.0% | Feb 13, 2026 |
| RBC Capital | Stephen D'Ambrisi | $91 | $75.29 | +7.6% | Jan 23, 2026 |
| Wells Fargo | Analyst unavailable | $79 | $76.44 | -6.6% | Jan 20, 2026 |
| Mizuho Securities | Anthony Crowdell | $76 | $73.59 | -10.2% | Dec 18, 2025 |
| UBS | Analyst unavailable | $83 | $73.28 | -1.9% | Dec 17, 2025 |
| Wells Fargo | Shahriar Pourreza | $77 | $78.31 | -9.0% | Oct 27, 2025 |
| RBC Capital | Stephen D'Ambrisi | $93 | $78.31 | +9.9% | Oct 27, 2025 |
| Barclays | Analyst unavailable | $80 | $76.69 | -5.4% | Oct 9, 2025 |
| Jefferies | Analyst unavailable | $87 | $77.84 | +2.8% | Oct 9, 2025 |
| Barclays | Analyst unavailable | $82 | $77.83 | -3.1% | Oct 9, 2025 |
| Jefferies | Paul Zimbardo | $78 | $67.96 | -7.8% | Jun 10, 2025 |
| UBS | William Appicelli | $78 | $67.88 | -7.8% | Apr 28, 2025 |
| Barclays | Analyst unavailable | $73 | $68.36 | -13.7% | Apr 22, 2025 |
| Jefferies | Julien Dumoulin-Smith | $74 | $64.26 | -12.5% | Nov 25, 2024 |
| Wells Fargo | Sarah Akers | $69 | $60.34 | -18.4% | Oct 16, 2024 |
| UBS | William Appicelli | $64 | $61.84 | -24.4% | Sep 17, 2024 |
| Barclays | Nicholas Campanella | $67 | $60.36 | -20.8% | Sep 12, 2024 |
| Barclays | Nicholas Campanella | $61 | $55.74 | -27.9% | May 14, 2024 |
| Wells Fargo | Sarah Akers | $60 | $54.21 | -29.1% | Jan 9, 2024 |
| Credit Suisse | Nicholas Campanella | $57 | $58.69 | -32.6% | Nov 29, 2022 |
| Credit Suisse | Analyst unavailable | $76 | $70.1 | -10.2% | Apr 26, 2022 |
| Wells Fargo | Analyst unavailable | $75 | $70.92 | -11.4% | Apr 19, 2022 |
Track every rating change on EVRG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationEvergy, Inc., along with its subsidiaries, operates as an integrated electric utility, focusing on the production, conveyance, distribution, and direct sale of power throughout Kansas and Missouri in the United States. The company's electricity generation relies on a diverse energy mix, utilizing sources such as coal, hydroelectric, landfill gas, uranium, natural gas, and oil, alongside a growing portfolio of renewables like solar and wind energy. Supporting its operations, Evergy maintains a robust infrastructure, which includes roughly 10,100 circuit miles of high-voltage transmission lines, about 39,800 circuit miles of overhead distribution lines, and an additional 13,000 circuit miles of underground distribution networks. It provides service to a substantial customer base of approximately 1,620,400, encompassing residential consumers, commercial enterprises, industrial facilities, municipal entities, and fellow electric utilities. Evergy, Inc. was founded in 2017 and has its main corporate headquarters situated in Kansas City, Missouri.
Historical context
All EVRG earningsUtilities peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| PCG PG&E Corporation | FY2026 Q3 · Calendar Q4 2026 | -0.8% | -1.3% | PG&E Reaffirms Guidance While Seeking Credit and Policy Clarity |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the EVRG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-26T20:40:43.134940+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T20:40:43.132011+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.