Evergy Q2 Earnings Call Highlights

3 weeks ago 32

MarketBeat

Thu, August 6, 2026 astatine 12:04 PM CDT 6 min read

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Evergy (NASDAQ:EVRG) reported second-quarter 2026 adjusted net of $209 million, oregon $0.88 per share, up from $191 million, oregon $0.82 per share, a twelvemonth earlier, arsenic regulated concern recovery, load maturation and gross from ample customers much than offset higher operating costs.

Chairman and Chief Executive Officer David Campbell said the institution remains connected way to execute the midpoint of its full-year adjusted net guidance scope of $4.14 to $4.34 per share. Evergy reaffirmed its semipermanent adjusted EPS maturation people of 6% to 8% oregon much done 2030 from the 2026 midpoint of $4.24, with yearly maturation expected to transcend 8% opening successful 2028.

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Chief Financial Officer Bryan Buckler said Evergy is besides providing third-quarter adjusted EPS guidance equivalent to 50% to 53% of the $4.24 full-year midpoint.

Large customers enactment request maturation

Evergy said it has executed vigor work agreements, oregon ESAs, for 5 data-center projects nether its large-load powerfulness work tariffs. Those projects correspond astir 2.5 gigawatts of steady-state highest load. Including 500 megawatts from non-LLPS ample customers, including Panasonic and smaller information centers, the company's large-customer load totals astir 3 gigawatts.

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Campbell said Evergy expects to motion astatine slightest 1 further ESA successful 2026 and plans to supply further item connected its third-quarter telephone successful November. The institution said its five-year fiscal program does not see the effects of prospective enlargement projects.

The existing signed agreements see 1.3 gigawatts of projects that are operating oregon progressing toward steady-state operations, on with 1.7 gigawatts nether ESAs with minimum monthly billing provisions mostly spanning 16 to 17 years. Evergy expects the signed projects to enactment retail load maturation of astir 7% to 8% annually done 2030.

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Evergy besides identified astir 2 gigawatts to 2.5 gigawatts of imaginable enlargement opportunities astatine oregon adjacent to existing lawsuit locations, up from a anterior estimation of 1 gigawatt to 1.5 gigawatts. In addition, it said it is successful precocious discussions with caller Tier 2 customers representing astir 1 gigawatt to 2 gigawatts, with the accidental chiefly extending beyond 2030. The remaining pipeline exceeds 10 further gigawatts, according to the company.

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