Evergy

Evergy, Inc. (Evergy) is based in Kansas City, Missouri. It is a holding company of regulated electric utilities that generate, transmit and sell electricity to about 1.7 million customers in Kansas and Missouri. Its utilities are Evergy Kansas Central, Evergy Metro and Evergy Missouri West. They have about 15,800 MW of owned generating capacity and renewable power purchase agreements.

Revenue was $2,096.6 million in Q3 2026 and $5,040.4 million for nine months. State regulators in Kansas and Missouri and FERC set its prices. The common stock trades on Nasdaq in US dollars. Evergy files 10-K and 10-Q reports.

The price of Evergy depends on whether new data center demand in Kansas and Missouri turns into a larger rate base that regulators let it earn a fair return on. In 2026 Evergy signed agreements to serve data centers with a peak load of about 2,600 MW, and it plans capital spending of about $21.6 billion from 2026 to 2030, much of it for new gas, solar and battery plants. It targets adjusted EPS growth of 6% to 8%+ a year through 2030, with growth above 8% a year from 2028.

The plan needs much new debt and some new shares, and Evergy issued about 3.9 million shares in September 2026. For the price to hold or rise, three things must be true. Regulators must approve rates and new plants on fair terms, first in the Evergy Metro order in Missouri, expected before the end of 2026, and the Kansas large load plan, for which Evergy asked for an order in February 2027.

Data center customers must start service from 2026 to 2028 as their agreements say. Interest costs and new shares must not push EPS growth below the target. The Q4 2026 report, expected in late February 2027, and the 2027 guidance are the next tests.

1. Dec 2026 · est.Pending

   Evergy Metro rate order in MissouriThe Missouri regulator issues its order before the end of 2026 and new rates start in January 2027, and this passes; a delay past January 2027 or an increase below half of the $140 million request fails.
2. Feb 18, 2027 · est.Pending

   Q4 2026 results and 2027 guidance2026 adjusted EPS is in the guided range of $4.35 to $4.50 and Evergy keeps its growth target of 6% to 8%+ a year through 2030, and this passes; a result below the range or a lower target fails.

Every passed and failed checkpoint across all picks

• November 5, 2026Evergy reported Q3 2026 results. GAAP EPS was $2.59 and adjusted EPS was $2.58, against $2.03 a year before. It raised its 2026 adjusted EPS guidance to $4.35 to $4.50 from $4.14 to $4.34 and declared a quarterly dividend of $0.7225 per share. It signed three amendments to earlier agreements with large customers for about 250 MW more load and a letter of intent with Digital Realty for a 1.4 GW project.
• November 5, 2026The Form 10-Q says that Evergy Missouri West asked the Missouri regulator in November 2026 for a rate increase of about $229.5 million, with new rates expected in October 2027. It also says that Evergy asked the Kansas regulator in October 2026 to approve a plan that adds cost rules for new large load customers, with an order requested in February 2027.
• September 16, 2026Evergy Kansas Central issued $350 million of 5.60% first mortgage bonds due 2034. In September 2026 Evergy also issued about 3.9 million shares of common stock for net proceeds of about $321.2 million.

Last earnings

November 5, 2026 (8-K on sec.gov)

Next earnings

Expected about February 18, 2027. The company has not confirmed the date.

• 8-KEarnings release and Investor disclosureFiled November 5, 2026 · Press release and exhibits
• 10-QQuarterly report for the period ended Sep 30, 2026Filed November 5, 2026 · evrg-20260930
• 8-KOther company newsFiled September 16, 2026 · Read it on sec.gov
• 8-KEnd of a material agreement and Other company newsFiled August 24, 2026 · Read it on sec.gov
• 8-KEarnings release and Investor disclosureFiled August 6, 2026 · Press release and exhibits
• 10-QQuarterly report for the period ended Jun 30, 2026Filed August 6, 2026 · evrg-20260630
• 8-KOther company newsFiled July 1, 2026 · Read it on sec.gov
• 8-KNew material agreement and End of a material agreementFiled July 1, 2026 · Read it on sec.gov
• 8-KEarnings release and Investor disclosureFiled May 7, 2026 · Press release and exhibits
• 10-QQuarterly report for the period ended Mar 31, 2026Filed May 7, 2026 · evrg-20260331

Every filing on SEC EDGAR (CIK 1711269)

• Rate orders can be lower than requested. Evergy Metro asked for about $140 million in Missouri and Evergy Missouri West for about $229.5 million. Lower orders or delays would cut the return on the new investment.
• Growth depends on data center customers. The 2026 agreements cover a peak load of about 2,600 MW, with service from 2026 to 2028. A delay or a smaller project would slow the growth of sales.
• The building plan needs much new capital. Debt was $15,827.5 million at September 30, 2026, and interest expense rose to $508.4 million for nine months from $458.3 million. Evergy also sells new shares, and forward sale agreements could deliver 4.7 million more shares.
• New plants can cost more or come late. Evergy plans new gas plants such as Mullin Creek Unit 2 for 2030 and Buchanan Bluffs Energy Center Unit 2 for 2032, and these need regulator approval.
• Weather moves earnings. Cooling degree days rose 31% in Q3 2026, which helped results, and a mild year would lower them.

At September 30, 2026, Evergy had long-term debt with a carrying amount of $13,551.3 million, current maturities of long-term debt of $1,495.3 million and commercial paper of $780.9 million, a total of $15,827.5 million. The current maturities include $1,155.9 million of convertible notes, which holders can convert through December 2026. Read more

Yield at the current rate

3.1% (current annual rate, at today’s price)

Dividend yield

3.1% (last 12 months, at today’s price of $88.27)

Paid per share

$2.78 in the last 12 months (4 payments)

Current annual rate

$2.78 ($0.695 × 4 a year)

Payout ratio

74% of the last fiscal year’s earnings (the year that ended December 31, 2025)

Latest ex-dividend date

August 18, 2026, $0.695 per share

Dividends per share by year

From 2020 to 2025, the dividend grew by about 5.7% a year. From 2015 to 2025, the dividend grew by about 6.5% a year.

Source: company filings and market data, read on November 12, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.