Company Initiates 2026 Adjusted EPS Guidance of $4.14 to $4.34
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
0mins
Should l Buy EVRG?
"While I'd like to thank our entire employee base for cost and mitigation actions, we were unable to offset the impact of weather and demand headwinds that negatively impacted our full-year 2025 results. As we look ahead, our fundamental long-term outlook is very strong, bolstered by the recent signing of electric service agreements with two new large customer projects, and the expansion of two existing projects, all under the LLPS framework. We are initiating 2026 adjusted EPS guidance of $4.14 to $4.34 and establishing a long-term growth target of 6% to 8%+. Beginning in 2028, we expect adjusted EPS growth to exceed 8%."
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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: 83.660
Low
76.00
Averages
83.71
High
93.00
Current: 83.660
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.
Evergy Raises Long-Term EPS Growth Target to 8%
- 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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- Earnings Miss: Evergypress (EVRG) reported a Q4 Non-GAAP EPS of $0.42, missing expectations by $0.13, indicating pressure on profitability that may affect investor confidence moving forward.
- Dividend Declaration: The company declared a quarterly dividend of $0.6950 per share, maintaining its payout despite the earnings miss, which reflects management's confidence in future cash flows and aims to attract long-term investors.
- Service Agreements: Evergypress signed electric service agreements for four large customer projects, which not only enhances future revenue streams but also strengthens its competitive position in the market, potentially driving business growth.
- Capital Investment Plan: The company introduced a $21.6 billion capital investment plan for 2026-2030, with 2026 adjusted (Non-GAAP) EPS guidance set at $4.14-$4.34, slightly below the consensus of $4.28, indicating growth potential and strategic planning for the coming years.
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- Historical Performance Review: Over the past two years, Evergy has exceeded EPS estimates 38% of the time and revenue estimates 25% of the time, indicating a degree of stability in profitability that may bolster investor confidence.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen two upward revisions and three downward revisions, while revenue estimates have had two upward revisions with no downward changes, reflecting mixed market sentiment regarding the company's future performance, which could influence investor decisions.
- Debt Repurchase Plan: Evergy announced a partial repurchase of 4.50% convertible notes due in 2027, which not only helps reduce financial costs but may also enhance the company's future dividend-paying capacity, thereby increasing investor confidence in its financial health.
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Ohio Transmission Project Enhances Grid Capacity
- Project Approval: PJM Interconnection approved a major electric transmission project on February 12, developed jointly by FirstEnergy Transmission and Transource Energy, aimed at meeting the growing electricity demand in the Columbus region and supporting economic growth.
- Infrastructure Upgrade: The project will include over 300 miles of new 765-kilovolt lines and upgrades to several substations, significantly enhancing service reliability and expected to provide enough power for two million homes in the region.
- Environmental Impact Reduction: By consolidating power in a single corridor, the 765-kilovolt lines will cut land use in half, thereby reducing impacts on the local environment while providing essential power support for emerging manufacturing facilities, data centers, and electric vehicles.
- Strategic Collaboration Benefits: The partnership between FirstEnergy and Transource leverages their respective expertise to deliver smarter solutions to meet regional power capacity needs, aligning with the Federal Energy Regulatory Commission's encouragement of efficient regional transmission development.
See More
Evergy's Optimistic Earnings Outlook Ahead of Q4 Results
- Strong Earnings Expectations: Evergy anticipates Q4 2025 revenue of $1.43 billion, representing a 58.4% year-over-year increase, highlighting the company's robust growth potential amid a boom in data center construction.
- Improved Profitability: Analysts expect Evergy's adjusted earnings per share for Q4 to be $0.55, a 57.1% increase from $0.35 in Q4 2025, reflecting a significant enhancement in the company's profitability.
- Positive Future Outlook: CEO David Campbell indicated in the Q3 update that the company will share an updated growth outlook, suggesting an optimistic perspective for 2026 and beyond, which may attract long-term investors.
- Price Volatility Impact: Although Evergy's stock price has surged recently due to significant rate increase filings, the 12-month price target is only about 2% above the current price, prompting investors to carefully consider their buying timing.
See More
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- Market Performance: Equities experienced a decline last week, with all three major indexes falling by at least 1.2%.
- Economic Indicators: This downturn occurred despite a better-than-expected jobs report from the Bureau of Labor Statistics and a relatively stable inflation report.
See More
Evergy Raises Long-Term EPS Growth Target to 8%
- 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.
See More
Evergypress Reports Q4 Earnings Miss and Dividend Declaration
- Earnings Miss: Evergypress (EVRG) reported a Q4 Non-GAAP EPS of $0.42, missing expectations by $0.13, indicating pressure on profitability that may affect investor confidence moving forward.
- Dividend Declaration: The company declared a quarterly dividend of $0.6950 per share, maintaining its payout despite the earnings miss, which reflects management's confidence in future cash flows and aims to attract long-term investors.
- Service Agreements: Evergypress signed electric service agreements for four large customer projects, which not only enhances future revenue streams but also strengthens its competitive position in the market, potentially driving business growth.
- Capital Investment Plan: The company introduced a $21.6 billion capital investment plan for 2026-2030, with 2026 adjusted (Non-GAAP) EPS guidance set at $4.14-$4.34, slightly below the consensus of $4.28, indicating growth potential and strategic planning for the coming years.
See More
Evergy Set to Announce Q4 Earnings on February 19
- Earnings Announcement Date: Evergy (EVRG) is scheduled to announce its Q4 earnings on February 19 before market open, with consensus EPS estimate at $0.55 and revenue at $1.43 billion, which could positively impact stock price if achieved.
- Historical Performance Review: Over the past two years, Evergy has exceeded EPS estimates 38% of the time and revenue estimates 25% of the time, indicating a degree of stability in profitability that may bolster investor confidence.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen two upward revisions and three downward revisions, while revenue estimates have had two upward revisions with no downward changes, reflecting mixed market sentiment regarding the company's future performance, which could influence investor decisions.
- Debt Repurchase Plan: Evergy announced a partial repurchase of 4.50% convertible notes due in 2027, which not only helps reduce financial costs but may also enhance the company's future dividend-paying capacity, thereby increasing investor confidence in its financial health.
See More
Ohio Transmission Project Enhances Grid Capacity
- Project Approval: PJM Interconnection approved a major electric transmission project on February 12, developed jointly by FirstEnergy Transmission and Transource Energy, aimed at meeting the growing electricity demand in the Columbus region and supporting economic growth.
- Infrastructure Upgrade: The project will include over 300 miles of new 765-kilovolt lines and upgrades to several substations, significantly enhancing service reliability and expected to provide enough power for two million homes in the region.
- Environmental Impact Reduction: By consolidating power in a single corridor, the 765-kilovolt lines will cut land use in half, thereby reducing impacts on the local environment while providing essential power support for emerging manufacturing facilities, data centers, and electric vehicles.
- Strategic Collaboration Benefits: The partnership between FirstEnergy and Transource leverages their respective expertise to deliver smarter solutions to meet regional power capacity needs, aligning with the Federal Energy Regulatory Commission's encouragement of efficient regional transmission development.
See More
Evergy's Optimistic Earnings Outlook Ahead of Q4 Results
- Strong Earnings Expectations: Evergy anticipates Q4 2025 revenue of $1.43 billion, representing a 58.4% year-over-year increase, highlighting the company's robust growth potential amid a boom in data center construction.
- Improved Profitability: Analysts expect Evergy's adjusted earnings per share for Q4 to be $0.55, a 57.1% increase from $0.35 in Q4 2025, reflecting a significant enhancement in the company's profitability.
- Positive Future Outlook: CEO David Campbell indicated in the Q3 update that the company will share an updated growth outlook, suggesting an optimistic perspective for 2026 and beyond, which may attract long-term investors.
- Price Volatility Impact: Although Evergy's stock price has surged recently due to significant rate increase filings, the 12-month price target is only about 2% above the current price, prompting investors to carefully consider their buying timing.
See More
Key Companies to Monitor This Week: PCE, Walmart, Palo Alto, Analog Devices, Deere, and Others
- Market Performance: Equities experienced a decline last week, with all three major indexes falling by at least 1.2%.
- Economic Indicators: This downturn occurred despite a better-than-expected jobs report from the Bureau of Labor Statistics and a relatively stable inflation report.
See More
