Evergy, IncNasdaq: EVRG
Utilities · Electric Utilities
$83.08
-0.68%
Vol: 131K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Evergy breaks ground on 710 MW Chisholm Trail gas plant, beats Q1 with new large-customer contractsPositive▶
On May 12, Evergy began construction on a 710 MW combined-cycle natural gas plant in Sumner County, Kansas, named Chisholm Trail Energy Center, expected operational in 2029. Evergy plans to add 4,000+ MW of generation over the next seven years to serve growing data center demand. Q1 adjusted EPS of $0.69 beat $0.66 estimate; revenue of $1.44B beat by $120M. The company reaffirmed 2026 adjusted EPS guidance of $4.14-$4.34 and 6-8% long-term EPS growth through 2030. A new large customer agreement was announced, and a $0.6950 quarterly dividend was declared (4% increase YoY). UBS raised its PT to $91 from $88 (Neutral). Risk: execution risk on $4B+ of capex and regulatory rate-recovery dependency.
May 20Evergy beats Q1 EPS at $0.69 vs $0.66 expected; reaffirms 2026 guidance with stock up ~14% YTD.Positive▶
Evergy reported Q1 2026 earnings on May 7 with EPS of $0.69 (vs $0.66 estimate) and revenue of $1.44B (vs $1.32B estimate). Adjusted EPS was $0.69 vs $0.55 a year ago, driven by regulated investment recovery, weather-normalized demand growth, and large-load customer revenues. The company announced its fifth large customer electric service agreement and favorable amendments to two prior contracts. Evergy reaffirmed 2026 adjusted EPS guidance of $4.14-$4.34 and long-term EPS growth target of 6-8% through 2030. The stock is up ~14% YTD with 14 buy ratings, 1 hold, and a mean price target of $90.77 (10.3% upside). The 2026 annual meeting was held virtually on May 5.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Evergy broke ground on a 710 MW combined-cycle natural gas plant in Sumner County, Kansas on May 12; BTIG initiated Buy with a $99 price target.Positive▶
Evergy celebrated the start of construction on a new 710-MW combined-cycle natural gas plant in Sumner County, Kansas on May 12, with the company expecting to add more than 4,000 MW of generation in the next seven years. Q1 2026 adjusted EPS came in at $0.69, beating estimates of $0.66, with revenue of $1.44B beating by ~$120M; EVRG rose 2.2% on the release. Retail load growth is now forecast at 7%-8% CAGR through 2030. The company reaffirmed 2026 adjusted EPS guidance of $4.14-$4.34 and declared a $0.6950 quarterly dividend payable June 18. UBS analyst William Appicelli maintained Neutral and raised the PT to $91 from $88 on May 9, while BTIG initiated coverage with a Buy rating and $99 PT.
May 15Evergy Q1 2026 adjusted EPS of $0.69 beat $0.61 consensus on May 7 with new large customer signed and 710 MW Kansas gas plant construction begunPositive▶
Evergy (EVRG) reported Q1 2026 GAAP earnings of $151.5M ($0.64/share) and adjusted EPS of $0.69 on May 7, 2026, beating the $0.61 consensus, with revenue of $1.44B beating $1.32B estimates. Shares rose 2.2% on the print. The company signed a fifth large customer electric service agreement and favorably amended two prior contracts, supporting capacity build. The board declared a $0.6950 per share dividend payable June 18, 2026. Evergy reaffirmed 2026 adjusted EPS guidance of $4.14-$4.34. On May 12, 2026 the company began construction on a new 710-MW combined-cycle natural gas plant in Sumner County, Kansas (Chisholm Trail Energy Center), set to begin operating in 2029. The 2026 Annual Meeting on May 5 saw shareholders approve all items. UBS analyst William Appicelli maintained Neutral and raised PT to $91 from $88 on May 9. Mean PT of $90.77 suggests 10.3% upside.
May 14Evergy beats Q1 with adj EPS $0.69 vs $0.61, signs new large customer, breaks ground on 710 MW gas plantPositive▶
Evergy reported Q1 2026 adjusted EPS of $0.69 vs $0.61 consensus on revenue of $1.4B; GAAP earnings of $151.5M ($0.64). The company signed a fifth large customer electric service agreement (Kansas Central, beginning 2027) and amended two prior contracts favorably. Reaffirmed 2026 adjusted EPS guidance of $4.14-$4.34 and 6-8%+ long-term annual growth target through 2030. Declared $0.6950/share dividend payable June 18. Began construction May 12 on the 710 MW Chisholm Trail combined-cycle gas plant in Sumner County, Kansas (online 2029). UBS maintained Neutral with PT raised to $91 from $88 on May 9. Risk: regulatory recovery timing and large-load contract execution.
May 13Evergy began construction on a 710 MW natural gas plant on May 12 after Q1 adjusted EPS of $0.69 beat $0.61 estimate; UBS raised PT to $91.Positive▶
On May 12, Evergy broke ground on a new 710-MW combined-cycle natural gas plant in Sumner County, Kansas, part of plans to add over 4,000 MW of generation over the next seven years to meet large-customer demand. Q1 2026 results on May 7 showed GAAP EPS of $0.64 and adjusted EPS of $0.69 (vs. $0.61 est), with revenue of $1.44B beating estimates. The company reaffirmed 2026 adjusted EPS guidance of $4.14-$4.34 and long-term 6-8% growth. The board declared a $0.6950 dividend payable June 18. UBS maintained Neutral and raised PT from $88 to $91.
May 12Evergy beat Q1 2026 (adj EPS $0.69 vs $0.61), signed a fifth large-customer service agreement, reaffirmed $4.14-$4.34 FY26 guidance and declared $0.6950 dividend.Positive▶
On May 7, 2026, Evergy reported Q1 2026 GAAP EPS of $0.64 ($151.5M) and adjusted EPS of $0.69 ($161.8M), beating $0.61 consensus on revenue of $1.44B (vs $1.32B est). The company announced a fifth large-customer electric service agreement and amended two existing contracts, boosting 2026 margins and helping offset mild winter weather. Evergy reaffirmed FY26 adjusted EPS guidance of $4.14-$4.34 and long-term 6-8%+ EPS growth target through 2030. The Board declared a $0.6950 quarterly dividend payable June 18. UBS raised its PT to $91 (Neutral). The 2026 annual shareholder meeting was held May 5.
May 11Evergy reported Q1 2026 adjusted EPS of $0.69 on May 7, beat estimates by $0.03, and signed a fifth large customer ESA bringing total to ~2.5 GW of peak demand.Positive▶
Evergy reported Q1 2026 results on May 7 with adjusted EPS of $0.69 beating the $0.66 consensus and revenue of $1.44B beating $1.32B estimates. GAAP EPS was $0.64. The company signed its fifth large customer electric service agreement and amended two existing contracts, representing about 2.5 GW of steady-state peak demand. Weather-normalized demand grew 4.7% in the quarter. Evergy reaffirmed 2026 adjusted EPS guidance of $4.14-$4.34 and long-term EPS growth of 6-8%+. The board declared a $0.6950 dividend payable June 18. UBS raised its price target to $91 from $88, maintaining Neutral. Risk: rate base growth dependent on regulatory approvals and large customer load actually materializing.
May 8Q1 EPS beat $0.69 vs $0.63 est, fifth major customer deal, FY26 guidance reaffirmed $4.14-$4.34Positive▶
Evergy announced Q1 2026 GAAP earnings of $0.64/share and adjusted EPS of $0.69, beating consensus estimate of $0.63. The company signed a fifth major electric service agreement with a large customer in Kansas Central under premium tariff starting 2027. Reaffirmed full-year 2026 adjusted EPS guidance of $4.14-$4.34 and long-term 6-8%+ growth through 2030. Board declared quarterly dividend of $0.6950 per share.
May 7Q1 EPS beats by $0.06; fifth data center ESA signed with 3GW total load, boosting 2026 marginsPositive▶
Evergy reported Q1 2026 adjusted EPS of $0.69, topping estimates of $0.63. The company announced its fifth large customer electric service agreement (ESA) for Kansas data center plus favorable amendments to two prior ESAs, cumulatively adding 600MW to reach 3GW. Adjusted EPS guidance for 2026 reaffirmed at $4.14-$4.34 with 6-8%+ long-term growth through 2030. Kansas regulatory approval returned $100M+ in deferred nuclear production tax credits annually over three years. Analyst consensus: Moderate Buy with consensus price target of $89.30.
May 6Evergy reports Q1 earnings May 7; raises long-term growth target to 6%-8%+ through 2030 driven by data centersPositive▶
Evergy Inc raised long-term EPS growth target to 6%-8%+ through 2030 driven by major data center ESAs and $21.6 billion capital plan. Company will report Q1 2026 earnings on May 7 before market open with analysts expecting 16.7% EPS growth to $0.63. Received regulatory approvals for three natural gas facilities and three solar farms totaling 2.2 gigawatts capacity. Data center pipeline one of largest relative to utility size. Consensus Buy with mixed analyst targets ranging $87-$99. Stock trades at 22.84 P/E with 3.2% dividend yield.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| EVRGEVERGY | $83.08 | -0.68% | +2.1% | 18.4x | 0.54 | $19.3B |
| SOSOUTHERN | $93.62 | -0.66% | +0.6% | 19.2x | 0.36 | $106.2B |
| CEGCONSTELLATION | $260.28 | -8.94% | +9.1% | 21.1x | 1.16 | $103.2B |
| DUKDUKE | $124.93 | +0.22% | +1.5% | 17.4x | 0.40 | $97.2B |
| AEPAMERICAN | $128.54 | -0.83% | +1.5% | 18.9x | 0.55 | $70.5B |
| ETRENTERGY | $110.28 | -1.77% | +2.5% | 22.3x | 0.53 | $51.4B |
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Price above both MAs — bullish structure.