Evergy Raises Long-Term EPS Growth Target to 8%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
0mins
Should l Buy EVRG?
Source: seekingalpha
- EPS Growth Target Increase: Evergy's CEO David Campbell announced an increase in the long-term adjusted EPS growth target to 6% to 8%, with expectations for annual growth to exceed 8% starting in 2028, establishing a solid foundation for the company's future financial performance.
- Infrastructure Investment Plan: In 2025, Evergy invested $2.8 billion in infrastructure to modernize the grid and replace aging equipment, which, despite the negative impact of weather and weak industrial demand on 2025 financial results, will enhance the company's long-term competitiveness.
- New Customer Agreements and Power Services: The company received approval for large load power service (LLPS) tariffs, providing premium demand pricing for new customers, which is expected to attract more large clients into service territories and further drive revenue growth.
- Dividend Growth and Financial Outlook: Evergy announced a 4% increase in dividends to an annualized $2.78, with expectations for the payout ratio to gradually decline to 50% to 60%, indicating the company's confidence in future profitability and cash flow.
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Analyst Views on EVRG
Wall Street analysts forecast EVRG stock price to rise
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 80.990
Low
76.00
Averages
83.71
High
93.00
Current: 80.990
Low
76.00
Averages
83.71
High
93.00
About EVRG
Evergy, Inc. is a utility holding company. The Company operates primarily through its wholly owned subsidiaries, Evergy Kansas Central, Inc. (Evergy Kansas Central); Evergy Metro, Inc. (Evergy Metro); Evergy Missouri West, Inc. (Evergy Missouri West), and Evergy Transmission Company, LLC (Evergy Transmission Company). Evergy Kansas Central is an integrated, regulated electric utility that provides electricity to customers in the state of Kansas. Evergy Metro is an integrated, regulated electric utility that provides electricity to customers in the states of Missouri and Kansas. Evergy Missouri West is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. Evergy Transmission Company owns 13.5% of Transource Energy, LLC (Transource) with the remaining 86.5% owned by AEP Transmission Holding Company, LLC. Transource is focused on the development of competitive electric transmission projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Performance Expectations: Over the past two years, Evergy has surpassed EPS estimates 38% of the time and revenue estimates 25% of the time, showcasing the company's ability to manage market expectations effectively.
- Revision Trends: In the last three months, EPS estimates have seen three upward revisions and two downward adjustments, while revenue estimates experienced no upward revisions and two downward adjustments, suggesting market caution regarding future revenue growth.
- Investment Ratings: Evergy has received a “Buy” rating from BTIG, highlighting analysts' recognition of its potential as a future dividend aristocrat, which may attract more investor interest in its long-term value.
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- Long-Term Growth Outlook: Management reaffirmed the 2026 adjusted EPS guidance range of $4.14 to $4.34 and expects annual growth rates to exceed 8% from 2028 to 2030, indicating strong confidence in future performance.
- Retail Load Growth: The forecasted retail load growth CAGR for 2025 through 2030 is now projected at 7% to 8%, up from the previous estimate of 6%, reflecting strong demand and market opportunities from large load customers.
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- Investor Misconceptions: Many novice investors mistakenly compare stock prices to gauge company value, but market capitalization provides a more accurate assessment, enabling better-informed investment decisions.
- Market Positioning Impact: Market capitalization not only affects a company's ranking among peers but also determines which mutual funds and ETFs may invest in these stocks, with large-cap funds typically favoring companies valued over $10 billion.
- Index Influence: For instance, the S&P MidCap index focuses on smaller companies by excluding the largest 100, underscoring the significance of market cap in investment strategies and market performance, particularly in favorable market conditions.
See More
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- Conference Call Details: The company plans to hold a quarterly conference call at 9:00 a.m. Eastern on the same day, requiring analysts to register in advance to obtain dial-in information, ensuring smooth and timely information dissemination.
- Supplemental Financial Information: Alongside the earnings release, Evergy will post supplemental financial information related to its Q1 2026 performance on its website, enhancing investors' understanding of the company's financial health.
- Customer Base and Mission: Evergy serves 1.7 million customers and is dedicated to providing affordable, reliable, and sustainable energy, emphasizing the strategic importance of the company's role in fostering community prosperity and innovation.
See More
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- Earnings Announcement: Evergy (EVRG) is set to release its Q1 2023 earnings results on May 7th before market open, with consensus EPS estimate at $0.61, reflecting a 13% year-over-year growth, indicating stable profitability.
- Performance Expectations: Over the past two years, Evergy has surpassed EPS estimates 38% of the time and revenue estimates 25% of the time, showcasing the company's ability to manage market expectations effectively.
- Revision Trends: In the last three months, EPS estimates have seen three upward revisions and two downward adjustments, while revenue estimates experienced no upward revisions and two downward adjustments, suggesting market caution regarding future revenue growth.
- Investment Ratings: Evergy has received a “Buy” rating from BTIG, highlighting analysts' recognition of its potential as a future dividend aristocrat, which may attract more investor interest in its long-term value.
See More
Evergy Reports Strong Q1 2026 Earnings and Growth Outlook
- Customer Agreement Expansion: Evergy has signed a fifth large customer electric service agreement and favorably amended two previously signed contracts, which will further enhance its market competitiveness and boost future revenue potential.
- Profitability Improvement: The adjusted earnings per share for Q1 2026 was $0.69, exceeding analysts' expectations of $0.61, demonstrating the company's ability to achieve profit growth despite the impact of mild winter weather, which is expected to drive margin improvements in 2026.
- Long-Term Growth Outlook: Management reaffirmed the 2026 adjusted EPS guidance range of $4.14 to $4.34 and expects annual growth rates to exceed 8% from 2028 to 2030, indicating strong confidence in future performance.
- Retail Load Growth: The forecasted retail load growth CAGR for 2025 through 2030 is now projected at 7% to 8%, up from the previous estimate of 6%, reflecting strong demand and market opportunities from large load customers.
See More
EVERGY EXPECTS STRONG GROWTH IN COMMERCIAL AND INDUSTRIAL SECTORS THROUGH 2026 - CONFERENCE CALL
- Growth Expectations: Evergy anticipates robust growth in the commercial and industrial sectors through 2026.
- Market Outlook: The company is optimistic about its performance and market conditions in the upcoming years.
See More
Evergy Reports Strong Q1 2026 Earnings and Dividend Declaration
- Earnings Growth: In Q1 2026, Evergy reported GAAP EPS of $0.64, an 18.5% increase from $0.54 in 2025, indicating significant profitability improvement in a stable market environment.
- Adjusted Earnings: The adjusted EPS for Q1 was $0.69, up 25.5% from $0.55 in 2025, primarily driven by recovery in regulated investments and growth in weather-normalized demand, showcasing the company's success in managing customer needs.
- Dividend Declaration: The Board declared a quarterly dividend of $0.6950 per share, payable on June 18, 2026, reflecting the company's commitment to shareholder returns and enhancing investor confidence.
- Customer Agreement Signing: The signing of the fifth electric service agreement for a large customer, effective in 2027, is a strategic move that will further expand the company's presence in the large customer market, driving economic growth and improving service quality for existing customers.
See More
Market Capitalization Comparison: International Paper vs. Evergy
- Market Cap Comparison: International Paper Co (IP) has a market capitalization of $19.33 billion, compared to Evergy Inc (EVRG) at $18.78 billion, highlighting the relative size differences that influence investor valuation.
- Investor Misconceptions: Many novice investors mistakenly compare stock prices to gauge company value, but market capitalization provides a more accurate assessment, enabling better-informed investment decisions.
- Market Positioning Impact: Market capitalization not only affects a company's ranking among peers but also determines which mutual funds and ETFs may invest in these stocks, with large-cap funds typically favoring companies valued over $10 billion.
- Index Influence: For instance, the S&P MidCap index focuses on smaller companies by excluding the largest 100, underscoring the significance of market cap in investment strategies and market performance, particularly in favorable market conditions.
See More
Evergy to Release Q1 2026 Earnings on May 7
- Earnings Release Schedule: Evergy, Inc. will announce its Q1 2026 earnings on May 7, 2026, before market open, reflecting the company's commitment to transparency and investor communication.
- Conference Call Details: The company plans to hold a quarterly conference call at 9:00 a.m. Eastern on the same day, requiring analysts to register in advance to obtain dial-in information, ensuring smooth and timely information dissemination.
- Supplemental Financial Information: Alongside the earnings release, Evergy will post supplemental financial information related to its Q1 2026 performance on its website, enhancing investors' understanding of the company's financial health.
- Customer Base and Mission: Evergy serves 1.7 million customers and is dedicated to providing affordable, reliable, and sustainable energy, emphasizing the strategic importance of the company's role in fostering community prosperity and innovation.
See More
