EVRG: Higher guidance and large-load growth underpin a $21.6B investment plan

Evergy Inc. added 250 MW to its growth pipeline and signed a 1.4 GW deal with Digital Realty Trust. CEO David Campbell expects steady ESA agreements through 2028, driving load growth into the 2030s. Q3 net profit rose 29% to $613M, with revenues up to $2.1B. Evergy shares (EVRG) rose 1.4% post-earnings.

Evergy Inc (EVRG) raised its 2026 adjusted EPS guidance to $4.35-$4.50, up from $4.14-$4.34, and increased its quarterly dividend by 4%. The company signed a $4B LOI with Digital Realty for a 1.4 GW expansion project. Evergy reaffirmed its long-term EPS growth target of 6%-8% through 2030. Higher O&M and depreciation expenses reduced EPS by $0.15 YoY. Regulatory uncertainties and financing strategies were discussed during the earnings call.

Evergy, Inc. reported strong Q3 2026 earnings, driven by extreme summer weather and data center customer growth. The company reaffirmed its 6%-8% long-term EPS growth target, increased its five-year capital plan to $22.5 billion, and signed a 1.4 GW expansion with Digital Realty. Management expects retail demand to grow 7%-8% annually through 2030 and anticipates executing a definitive agreement for the Digital Realty expansion in early 2027.

Evergy reported Q3 weather-normalized retail electricity demand up 4.5%, with commercial demand rising 8.7% due to data center usage. The company expanded large-customer agreements, adding 110 MW of peak load and announced a potential 1.4 GW expansion with Digital Realty. Evergy forecasts 7-8% annual retail demand growth through 2030 and increased five-year capital spending to $22.5 billion.

Evergy (EVRG) raised its 2026 adjusted EPS guidance to $4.35-$4.50 per share, up from $4.14-$4.34, citing strong operational performance and warmer weather. The company also announced a 4% dividend increase. Evergy signed a letter of intent with Digital Realty for a 1.4 GW expansion project and expects full-year results to exceed guidance.

Evergy (EVRG) reported Q3 EPS of $2.58, beating estimates by $0.38, with revenue at $2.1B, exceeding expectations. The company forecasted FY 2026 EPS of $4.35-$4.50, above analyst consensus. Its stock is up 3.39% over 3 months and 18.53% over 12 months. InvestingPro rates its financial health as 'fair performance'.