EarningsQ2 2026 Earnings Report
MX:EVRG Q2 2026 EPS Results
Actual EPS$14.98
Consensus EPS$13.81
Beat/MissBeat by +$1.17
One Year Ago EPS$13.96
MX:EVRG Q2 2026 Revenue Results
Actual Revenue$25.47B
Expected Revenue$23.21B
Beat/MissBeat by +$2.26B
YoY Revenue Growth+4.84%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:EVRG Upcoming Earnings
Evergy's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:EVRG Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, robust demand momentum from large data-center and industrial customers, reaffirmed 2026 guidance, and an expanded multi‑GW pipeline that supports high near‑term and long‑term load and earnings growth. Key negatives include higher O&M, depreciation and interest costs that trimmed near‑term EPS benefits, elevated capital intensity (incremental generation CapEx) and regulatory/siting timelines that add execution risk. Overall, management portrayed confidence in executing growth while maintaining affordability, though investors should monitor capital funding and regulatory outcomes.Company Guidance
Quarterly Adjusted Earnings and EPS Growth
Q2 adjusted earnings of $209 million ($0.88 per share) versus $191 million ($0.82) in Q2 2025 — earnings up ~9.4% and EPS up ~7.3% year-over-year; management reaffirmed 2026 midpoint adjusted EPS guidance of $4.24.
Strong Load and Sales Growth
Weather-normalized demand grew 1.8% in Q2 and 3.3% year-to-date, driven by commercial and industrial demand; commercial demand +4% YTD and industrial demand +6.2% YTD.
Major Large-Customer Wins and Pipeline
Five executed ESAs under LLPS representing ~2.5 GW steady-state peak load (3.0 GW including ~500 MW from non-LLPS customers); company expects at least one more ESA in 2026 and reports a pipeline including 2.0–2.5 GW of expansion opportunities (up from 1.0–1.5 GW last quarter) plus ~1–2 GW in advanced Tier 2 discussions and >10 GW remaining queue.
Long-Term Load & Earnings Growth Targets
Company projects retail load CAGR of ~7%–8% through 2030 based on signed ESAs and reaffirmed long-term adjusted EPS growth target of 6%–8%+ through 2030, with earnings growth expected to exceed 8% annually beginning in 2028.
Capital & Resource Plan to Support Growth
Five-year CapEx plan of $21.6 billion (with ~$1 billion incremental capital expected from IRP changes tied to customer agreements); IRP preferred plan through 2032 includes >5 GW of new additions (~3.9 GW natural gas, ~800 MW solar, ~450 MW battery).
Rate Base and Financial Positioning
Rate base CAGR through 2030 now expected at ~12% (up from prior disclosure of 11.5%); management expects FFO to debt of ~14%–15% for 2026–2028 and plans to fund capital with a mix of debt and equity while maintaining investment-grade ratings.
Operational Resilience and Safety
Safety performance trending favorably to target; generation (nuclear, fossil, renewable) performed strongly in H1; operations teams safely restored power to more than 300,000 customers following severe early-June storms with straight-line winds up to 115 mph and multiple tornadoes.
Liquidity / Equity Execution
Progress on equity needs via ATM: approximately $425 million priced through forward sales agreements as of June 30, representing over half of the expected $700–900 million equity issuance for the year.
Affordability & Policy Alignment
Reaffirmed commitment to keeping customer rates affordable, signed the White House Ratepayer Protection Pledge, and highlighted that the LLPS tariff is designed to protect existing customers while allocating fair share costs to large new customers; company noted a $25 million (≈15%) reduction in requested revenue requirement in the Missouri Metro filing due to data center impacts.
MX:EVRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed