Evergy earnings date and guidance
MyStockButler's October 2026 analysis: Evergy’s next results are expected on November 5, 2026. Evergy should watch whether customer agreements and construction are becoming cash earnings.
What has Evergy guided for 2026?
Management’s promise is a 2026 earnings target followed by faster growth through 2030. EPS, or earnings per share, divides profit among the shares outstanding. Evergy guides to adjusted EPS of $4.14–$4.34 for 2026. “Adjusted” removes specified items from GAAP profit, which can clarify operations but does not make those costs disappear.
Management expects adjusted EPS growth of 6%–8% annually through 2030 and above 8% beginning in 2028. It also expects large customers to build toward 350–400 megawatts of demand in 2026. The expectation rises to 700–800 megawatts in 2027. A megawatt measures the rate of electricity use, while an electric service agreement turns a prospective customer into a contractual commitment.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Adjusted EPS (non-GAAP) | Year to Dec 2026 | 4.14 | 4.34 | Aug 6, 2026 |
| Total capital expenditures (2026) | Year to Dec 2026 | 3,808 | 3,808 | Feb 19, 2026 |
| Common equity issuance | Year to Dec 2026 | 700 | 900 | Aug 6, 2026 |
| FFO to debt (2026) | Year to Dec 2026 | 14.0% | 15.0% | Aug 6, 2026 |
| Additional electric service agreements | Year to Dec 2026 | 1 | Aug 6, 2026 |
What this means. The company expects at least one additional electric service agreement in 2026, but it has not set a maximum.
Has Evergy kept its past promises?
The record makes this an ambitious promise rather than a conservative one. Over five years, adjusted EPS beat guidance twice, landed within it once and missed twice. Regulatory refunds and impairments affected GAAP results, while weather, demand, interest and depreciation affected adjusted results. Investors should therefore compare both adjusted and GAAP earnings with the original forecast.
| What management forecast | Checked | Above | Within | Below |
|---|---|---|---|---|
| Adjusted EPS (non-GAAP) | 5 years | 2 | 1 | 2 |
| GAAP EPS | 5 years | 1 | 1 | 3 |
What has Evergy's last eight quarters shown?
June should be compared with June because Evergy’s earnings are seasonal; its summer quarter ends in September. Revenue rose to $1.50 billion, while operating income increased 10.7% from the prior-year quarter.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,500.1 | 1,443.7 | 1,340.2 | 1,809.9 | 1,437.0 | 1,374.5 | 1,257.4 | 1,811.4 |
| Operating income | 380.6 | 318.4 | 239.0 | 658.5 | 343.8 | 291.6 | 222.2 | 627.5 |
| Net income | 215.0 | 151.5 | 84.3 | 475.0 | 171.3 | 125.0 | 78.2 | 465.6 |
| EPS, diluted | 0.91 | 0.64 | 0.36 | 2.03 | 0.74 | 0.54 | 0.34 | 2.02 |
| = Free cash flow | -611.3 | -489.4 | -530.5 | 225.4 | -303.4 | -143.2 | -118.6 | 427.0 |
What this means. Free cash flow is negative in most quarters because the company spent more cash on equipment and buildings than its daily business brought in.
What should Evergy investors watch next?
The next decisive evidence will show whether contracts and construction are becoming cash earnings. The November 5, 2026 earnings release should update investors on additional customer agreements, including when customers will pay and what infrastructure Evergy must provide. In February 2027, management plans to update the capital program.