Evergy Q2 Earnings Call Highlights Evergy logo MarketBeat Thu, August 6, 2026 at 7:04 PM GMT+2 7 min read EVRG Key Points Interested in Evergy Inc.? Here are five stocks we like better. Q2 earnings rose: Evergy reported adjusted earnings of $209 million, or $0.88 per share, up from $0.82 a year earlier. The company reaffirmed its 2026 adjusted EPS guidance of $4.14–$4.34 and long-term annual EPS growth target of 6%–8% or more through 2030. Data centers and industrial customers are driving demand: Evergy has signed energy service agreements covering five data-center projects totaling about 2.5 gigawatts, with total large-customer load reaching roughly 3 gigawatts. The signed projects are expected to support 7%–8% annual retail load growth through 2030. Growth requires higher investment: Evergy expects about $1 billion of incremental capital spending for generation resources tied to secured customer agreements, raising projected rate-base growth through 2030 to approximately 12%. Planned additions include more than 5 gigawatts of generation and storage, while the company continues to manage regulatory proceedings and customer-affordability concerns. Unassuming Evergy Energy: The AI Boost Your Income Portfolio Needs 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. Chairman and Chief Executive Officer David Campbell said the company remains on track to achieve the midpoint of its full-year adjusted earnings guidance range of $4.14 to $4.34 per share. Evergy reaffirmed its long-term adjusted EPS growth target of 6% to 8% or more through 2030 from the 2026 midpoint of $4.24, with annual growth expected to exceed 8% beginning in 2028. → 3 Drone Stocks That Should Soar After the Summer Slump Top 5 Highest-Rated Dividend Stocks, According to MarketBeat Chief Financial Officer Bryan Buckler said Evergy is also providing third-quarter adjusted EPS guidance equivalent to 50% to 53% of the $4.24 full-year midpoint. Large customers support demand growth Evergy said it has executed energy service agreements, or ESAs, for five data-center projects under its large-load power service tariffs. Those projects represent about 2.5 gigawatts of steady-state peak load. Including 500 megawatts from non-LLPS large customers, including Panasonic and smaller data centers, the company's large-customer load totals about 3 gigawatts. → Meta's Earnings Drop Shows Wall Street Wants More Than Ad Growth Story Continues Shield Your Portfolio From Aug. 1 Tariffs With This Low-Vol ETF Campbell said Evergy expects to sign at least one additional ESA in 2026 and plans to provide further detail on its third-quarter call in November. The company said its five-year financial plan does not include the effects of prospective expansion projects. The existing signed agreements include 1.3 gigawatts of projects that are operating or progressing toward steady-state operations, along with 1.7 gigawatts under ESAs with minimum monthly billing provisions generally spanning 16 to 17 years. Evergy expects the signed projects to support retail load growth of approximately 7% to 8% annually through 2030. → Jersey Mike's Serves Fresh Gains After IPO Stumble Evergy also identified approximately 2 gigawatts to 2.5 gigawatts of potential expansion opportunities at or adjacent to existing customer locations, up from a prior estimate of 1 gigawatt to 1.5 gigawatts. In addition, it said it is in advanced discussions with new Tier 2 customers representing roughly 1 gigawatt to 2 gigawatts, with the opportunity primarily extending beyond 2030. The remaining pipeline exceeds 10 additional gigawatts, according to the company. During the question-and-answer session, Campbell said prospective customers generally seek firm power from Evergy's system resources, though the company can accommodate customers that arrange power purchase agreements or bring their own generation. He characterized the expected customer profile as similar to existing agreements with hyperscalers and experienced data-center developers. Sales, investment and resource plans Buckler said weather-normalized demand increased 1.8% in the second quarter, led by commercial and industrial demand. Commercial demand rose 4%, reflecting the initial ramp-up of data-center usage, while industrial demand increased 6.2%, helped by Panasonic's continued operating ramp. On a year-to-date basis, weather-normalized demand grew 3.3%. Evergy attributed the increase largely to commercial and industrial consumption, as well as favorable regional economic conditions, including unemployment rates below the national average in Missouri, Kansas and the Kansas City metropolitan area. Second-quarter earnings benefited by $0.10 per share from load growth, including an approximately $0.04 per-share benefit from a large data center that began operations in March and Panasonic's ramp. Recovery of and return on regulated investments, including new retail rates in Kansas Central and Federal Energy Regulatory Commission-regulated investment, contributed another $0.10 per share. Higher operations and maintenance expense, depreciation and interest expense net of allowance for funds used during construction reduced EPS by $0.08. Other items reduced EPS by $0.06, including $0.02 of dilution from convertible bonds. Evergy's February capital plan called for $21.6 billion of investment over five years. The company now expects about $1 billion of incremental capital associated with generation resources required to serve customer agreements already secured. Its 2026 integrated resource plan includes more than 5 gigawatts of additions through 2032, including approximately 3.9 gigawatts of natural gas generation, nearly 800 megawatts of solar and 450 megawatts of battery storage. The company said the
