Evergy, IncNasdaq: EVRG
Utilities · Electric Utilities
$82.45
-0.49%
Vol: 1.3M
Research Digest
Friday, June 19, 2026
Evergy navigates June storm damage while data center power deals with Google and Meta and an analyst price target raise to $87 support a 14.7% YTD gain.
Evergy restored power to ~75% of customers after severe storms on June 9, 2026 damaged more than 500 poles across its service territory. The utility has secured large power agreements with Google and Meta and outlined a multi-year capital investment plan, driving a 14.74% YTD share price return with the stock trading around $82.27. Wells Fargo raised its price target on EVRG to $87 from $83 (Equal Weight) while Bank of America nudged its target down by $1, reflecting mixed views on whether data-center growth is already priced in. Evergy maintained its 2026 adjusted EPS guidance of $4.14-$4.34 and declared a $0.695/share quarterly dividend. Risk: execution risk on large capital plan and potential weather-related cost overruns.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 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.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| EVRGEVERGY | $82.45 | -0.49% | +2.7% | 19.4x | 0.52 | $20.3B |
| SOSOUTHERN | $93.26 | +0.78% | +2.3% | 19.9x | 0.33 | $110.5B |
| DUKDUKE | $123.92 | +0.15% | +2.4% | 18.1x | 0.37 | $101.0B |
| CEGCONSTELLATION | $274.07 | +2.58% | -10.7% | 17.6x | 1.12 | $85.4B |
| AEPAMERICAN | $127.69 | -0.45% | +2.6% | 20.2x | 0.50 | $75.4B |
| ETRENTERGY | $111.04 | +0.16% | +0.4% | 22.7x | 0.49 | $53.7B |
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Price between 50d and 200d. Testing 50d support.