Analyst Consensus ?
ConsensusHold18 ratings
Bullish738.9%
Neutral950.0%
Bearish211.1%
Evergy, Inc. · EVRG · FY2026 Q1 · Calendar Q2 2026
Evergy Q1 2026: EPS Beats on Data-Center Demand, Load Growth Accelerating
Evergy's Q1 2026 results reinforce the thesis that large-load electric service agreements with data centers are transforming the company's growth profile. Five signed ESAs totaling roughly 3 GW, with a pipeline exceeding 10 GW, underpin 7-8% annual retail load growth through 2030. The $21.6 billion capital plan drives approximately 12% rate-base CAGR, while regulatory progress in Kansas and Missouri supports both affordability and investment recovery. Management reaffirmed 2026 EPS guidance of $4.14-$4.34 and the long-term 6-8%+ EPS growth target through 2030.
Reported Before market openNASDAQUtilities
$19.19B market cap
100quality score
Company 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.
Earnings scorecard
Reported versus consensus
Reported EPS
$0.69
Consensus $1
EPS surprise
+13.9%
Reported versus consensus
Reported revenue
$1.44B
Consensus $1.27B
Revenue surprise
+13.6%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$83.25Current
$57Low
$80.88Average
$97High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 31, 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 |
|---|---|---|---|---|
| Citigroup | Buy | Buy | Maintain | Jul 24, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 22, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 30, 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 $83.25. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BTIG | Analyst unavailable | $97 | $86.56 | +16.5% | Jul 23, 2026 |
| Barclays | Analyst unavailable | $94 | $87.01 | +12.9% | Jun 30, 2026 |
| UBS | William Appicelli | $91 | $82.73 | +9.3% | May 8, 2026 |
| Wells Fargo | Shahriar Pourreza | $87 | $81.67 | +4.5% | Apr 21, 2026 |
| BTIG | Analyst unavailable | $99 | $84.41 | +18.9% | Apr 9, 2026 |
| Barclays | Analyst unavailable | $89 | $83.13 | +6.9% | Mar 9, 2026 |
| BMO Capital | Analyst unavailable | $87 | $81.8 | +4.5% | Feb 23, 2026 |
| Mizuho Securities | Analyst unavailable | $82 | $80.26 | -1.5% | Feb 23, 2026 |
| UBS | William Appicelli | $88 | $80.69 | +5.7% | Feb 13, 2026 |
| RBC Capital | Stephen D'Ambrisi | $91 | $75.29 | +9.3% | Jan 23, 2026 |
| Wells Fargo | Analyst unavailable | $79 | $76.44 | -5.1% | Jan 20, 2026 |
| Mizuho Securities | Anthony Crowdell | $76 | $73.59 | -8.7% | Dec 18, 2025 |
| UBS | Analyst unavailable | $83 | $73.28 | -0.3% | Dec 17, 2025 |
| Wells Fargo | Shahriar Pourreza | $77 | $78.31 | -7.5% | Oct 27, 2025 |
| RBC Capital | Stephen D'Ambrisi | $93 | $78.31 | +11.7% | Oct 27, 2025 |
| Barclays | Analyst unavailable | $80 | $76.69 | -3.9% | Oct 9, 2025 |
| Jefferies | Analyst unavailable | $87 | $77.84 | +4.5% | Oct 9, 2025 |
| Barclays | Analyst unavailable | $82 | $77.83 | -1.5% | Oct 9, 2025 |
| Jefferies | Paul Zimbardo | $78 | $67.96 | -6.3% | Jun 10, 2025 |
| UBS | William Appicelli | $78 | $67.88 | -6.3% | Apr 28, 2025 |
| Barclays | Analyst unavailable | $73 | $68.36 | -12.3% | Apr 22, 2025 |
| Jefferies | Julien Dumoulin-Smith | $74 | $64.26 | -11.1% | Nov 25, 2024 |
| Wells Fargo | Sarah Akers | $69 | $60.34 | -17.1% | Oct 16, 2024 |
| UBS | William Appicelli | $64 | $61.84 | -23.1% | Sep 17, 2024 |
| Barclays | Nicholas Campanella | $67 | $60.36 | -19.5% | Sep 12, 2024 |
| Barclays | Nicholas Campanella | $61 | $55.74 | -26.7% | May 14, 2024 |
| Wells Fargo | Sarah Akers | $60 | $54.21 | -27.9% | Jan 9, 2024 |
| Credit Suisse | Nicholas Campanella | $57 | $58.69 | -31.5% | Nov 29, 2022 |
| Credit Suisse | Analyst unavailable | $76 | $70.1 | -8.7% | Apr 26, 2022 |
| Wells Fargo | Analyst unavailable | $75 | $70.92 | -9.9% | Apr 19, 2022 |
Track every rating change on EVRG the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
+2.1%
Event window
SPY move
-0.3%
Same window
Abnormal move
+2.5%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
+0.7%
Up to 20 sessions
EVRGSPY benchmark
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Try FN2 freeTranscript intelligence
What changed
Q1 2026 adjusted EPS of $0.69 beat the consensus estimate by 13.9%, and revenue of $1.44 billion exceeded the $1.27 billion estimate by 13.6%. A fifth large-load ESA was signed for a Kansas Central data center, adding approximately 2.5 GW of steady-state peak load and bringing total signed ESAs to five (~3 GW). Kansas regulators approved flow-back of over $100 million per year in deferred nuclear production tax credits to customers. An equity financing plan of $700-$900 million per year through 2029 was outlined, with no block issuance needed in 2026. The stock posted an abnormal return of 2.5% on roughly 2x baseline volume following the release.
Guidance delta
Guidance was maintained. Evergy reaffirmed its 2026 EPS guidance of $4.14-$4.34 and its long-term EPS growth target of 6-8%+ through 2030. The prior quarter had raised the long-term growth target to 6-8%+ from its earlier range; this quarter confirmed the elevated target. The capital plan was reaffirmed at $21.6 billion with an approximately 12% rate-base CAGR, modestly increased from prior expectations. Credit metrics are improving with FFO-to-debt expected at 14-15% over the forecast horizon.
Key takeaways
- Q1 adjusted EPS of $0.69 beat estimates by 13.9%; revenue of $1.44B beat by 13.6%.
- Five signed large-load ESAs now total ~3 GW with a pipeline exceeding 10 GW, supporting 7-8% annual load growth through 2030.
- Capital plan of $21.6B drives ~12% rate-base CAGR; equity funding of $700-900M/year through 2029 with no block issuance in 2026.
- Kansas approved over $100M/year nuclear production tax credit flow-back to customers over three years, enhancing affordability.
- Credit metrics improving with FFO-to-debt expected at 14-15% over the forecast horizon.
Management priorities
- Execute at least one more large-load ESA in 2026 and advance the pipeline of tier-one and tier-two customers.
- File 2026 Integrated Resource Plans in Kansas and Missouri in Q2.
- Invest in natural gas, energy storage, and solar under the all-of-the-above generation strategy.
- Maintain equity issuance of $700-$900M per year through 2029.
- Return nuclear production tax credits to customers over a three-year period.
Related earnings events
UtilitiesSources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-31T03:31:20.431761+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-31T03:31:20.428845+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 . For educational purposes only; not investment advice.