01—Abstract
Summary
Summary of the 8-K filed August 6, 2026. Cited figures are marked; the original filing is the authoritative source.
Evergy, Inc. (NASDAQ: EVRG) reported second quarter 2026 GAAP earnings of $215.0 milliona, or $0.91 per share, compared to GAAP earnings of $171.3 million, or $0.74 per share, in the second quarter of 2025.
Adjusted earnings (non-GAAP) were $208.5 millionb, or $0.88 per share, compared to $191.1 million, or $0.82 per share, a year earlier. Management attributed the year-over-year improvement in adjusted EPS to recovery of regulated investments, growth in weather-normalized demand and higher large customer revenues, partially offset by higher operations and maintenance expense and higher depreciation and amortization expense. The company reaffirmed its 2026 adjusted EPS guidance of $4.14 to $4.34 and its long-term adjusted EPS annual growth target of 6% to 8%+ through 2030, based on the 2026 guidance midpoint of $4.24.
Management expects annual EPS growth to exceed 8% beginning in 2028 and through 2030. CEO David Campbell said large customer interest in Kansas and Missouri remains very strong and that the company expects to execute at least one more electric service agreement in 2026. The Board declared a quarterly dividend of $0.6950c per share, payable September 18, 2026 to shareholders of record as of August 18, 2026.
The filing also covers Evergy Kansas Central, Inc. and Evergy Metro, Inc., which furnish information on their own behalf. The earnings release and related information are furnished under Items 2.02 and 7.01 and are not deemed filed for Section 18 purposes.
02—Key points
Key Highlights
- Q2 2026 GAAP EPS of $0.91 vs. $0.74 in Q2 2025; GAAP net income of $215.0 million vs. $171.3 million
- Q2 2026 adjusted EPS (non-GAAP) of $0.88 vs. $0.82 in Q2 2025; adjusted earnings of $208.5 million vs. $191.1 million
- Year-to-date adjusted EPS (non-GAAP) of $1.57 through June 30, 2026, vs. $1.37 a year earlier
- 2026 adjusted EPS guidance reaffirmed at $4.14 to $4.34, midpoint $4.24
- Long-term adjusted EPS annual growth target of 6% to 8%+ through 2030 reaffirmed, with growth expected to exceed 8% beginning in 2028
- Quarterly dividend of $0.6950 per share declared, payable September 18, 2026 to holders of record as of August 18, 2026
- Management expects at least one more electric service agreement with large customers in 2026
03—Questions
Frequently Asked Questions
What drove the increase in Evergy's second quarter 2026 adjusted EPS?
Management cited recovery of regulated investments, growth in weather-normalized demand and higher large customer revenues. These were partially offset by higher operations and maintenance expense and higher depreciation and amortization expense.
Did Evergy change its 2026 earnings guidance?
No. Evergy reaffirmed its 2026 adjusted EPS guidance range of $4.14 to $4.34 and its long-term adjusted EPS annual growth target of 6% to 8%+ through 2030.
What items are excluded from adjusted earnings in the quarter?
Adjusted earnings exclude gains and losses from investments in early-stage clean energy and energy solution companies, and, year to date, losses from the repurchase of a portion of Evergy's Convertible Notes. The filing reports a pre-tax gain of $7.9 million from these investments in Q2 2026 and a $25.4 million pre-tax loss in Q2 2025.
What is the dividend and when is it paid?
The Board declared a quarterly dividend of $0.6950 per share, payable September 18, 2026 to shareholders of record as of August 18, 2026.
What did management say about demand from large customers?
CEO David Campbell said large customer interest in Kansas and Missouri remains very strong, and the company expects to execute at least one more electric service agreement in 2026.
04—Continue