EVRG

EVRG's signed data center deals, multi-gigawatt pipeline and $21.6B investment plan could fuel load, rate-base and earnings growth.

Evergy, Inc. is maintained at a Buy rating, trading at a 3% discount to fair value, with double-digit annual total return potential. EVRG's robust pipeline of data center-driven ESAs and regulatory mechanisms supports high single-digit adjusted EPS growth through 2030 and beyond. The utility's BBB+ credit rating, stable FFO-to-debt ratio, and sustainable mid-60% payout ratio underpin dividend safety and future capital investment.

Evergy is positioned for accelerated growth, driven by unprecedented data center contracts and a 12% annual regulated asset base expansion. I assign EVRG a Buy rating with a $93 target price, reflecting robust future earnings growth and a high-growth platform status versus peers. EVRG's strategy leverages a balanced energy mix and regulatory frameworks to attract major investments but faces public and regulatory scrutiny over rate increases.

Evergy's rising large-load demand and $21.6 billion investment plan drive 12% annual rate-base growth and 6-8% EPS growth through 2030.

Here is how Evergy Inc (EVRG) and Global Water Resources, Inc. (GWRS) have performed compared to their sector so far this year.

Evergy, Inc. (EVRG) Q2 2026 Earnings Call Transcript

Evergy NASDAQ: EVRG reported second-quarter 2026 adjusted earnings of $209 million, or $0.88 per share, up from $191 million, or $0.82 per share, a year earlier, as regulated investment recovery, load growth and revenue from large customers more than offset higher operating costs.

EVRG beats Q2 earnings and revenue estimates as Kansas Central and Metro post gains while reaffirming its 2026 adjusted EPS guidance.

Evergy Inc (EVRG) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.82 per share a year ago.

KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy, Inc. (NASDAQ: EVRG) today announced second quarter 2026 GAAP earnings of $215.0 million, or $0.91 per share, compared to GAAP earnings of $171.3 million, or $0.74 per share, for the second quarter 2025. Evergy's second quarter 2026 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $208.5 million and $0.88 per share, respectively, compared to $191.1 million and $0.82, respectively, in second quarter 2025. Adjusted earnings (no.