Evergy Earnings Call Transcripts
Fiscal Year 2026
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Q3 adjusted EPS rose to $2.58, prompting higher 2026 guidance of $4.35-$4.50. Strong retail and large-customer demand support 7%-8% annual retail load growth through 2030, alongside a larger capital plan.
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Q2 2026 adjusted EPS rose to $0.88, driven by regulated investment recovery and strong load growth from large customers. The company reaffirmed its 2026 EPS guidance midpoint of $4.24 and expects annual EPS growth to exceed 8% from 2028, supported by a robust pipeline of data center projects and a $21.6 billion CapEx plan.
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Q1 2026 adjusted EPS rose to $0.69, driven by strong demand and new large customer agreements. Retail load growth is now forecast at 7%-8% CAGR through 2030, with EPS growth expected to exceed 8% annually from 2028, supported by a robust pipeline and increased capital investment.
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The meeting covered board elections, executive compensation approval, and ratification of auditors. Key highlights included a 4% dividend increase, major infrastructure investments, and new agreements with large data center customers. All proposals passed as recommended.
Fiscal Year 2025
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Raised long-term EPS growth target to 6%-8%+ through 2030, driven by major data center ESAs and a $21.6B capital plan. Load growth is forecast at 6% CAGR, with robust protections and visibility from new tariffs and contracts.
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Q3 2025 adjusted EPS rose slightly to $2.03, with strong demand and regulated investment recovery offset by higher expenses and weather headwinds. Load growth outlook is robust, driven by large data center projects, and a $17.5B capital plan supports 8.5% rate base growth through 2029.
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Q2 2025 adjusted EPS was $0.82, above internal targets despite mild weather, with strong operational reliability and regulatory progress. The company reaffirmed 2025 EPS guidance and long-term growth targets, supported by a robust economic development pipeline and major customer ramp-ups.
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Q1 2025 adjusted EPS was flat year-over-year, with regulated investment recovery offset by higher expenses and lower industrial demand. Strong legislative and regulatory progress, a robust pipeline of large new customers, and reaffirmed long-term EPS growth targets position the company for sustained growth.
Fiscal Year 2024
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Adjusted EPS rose to $3.81 in 2024, supported by cost management and infrastructure investment, with robust economic development driving a 2%-3% demand growth outlook through 2029. The five-year capital plan increased to $17.5B, and 2025 EPS guidance is reaffirmed at $3.92-$4.12.
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Q3 2024 adjusted EPS rose to $2.02, driven by demand growth and new investments, with 2024 guidance reaffirmed and 2025 guidance set at $3.92–$4.12. A $16.2B five-year capital plan supports 4%–6% long-term EPS growth, with major new generation and solar projects and a robust customer pipeline.
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Q2 2024 adjusted EPS rose to $0.90, driven by demand growth, new rates, and transmission margin, with robust economic development wins and a reaffirmed 2024 EPS guidance. A $12.5B capital plan through 2028 is in place, with no new equity needed through 2026.