EVRG
Evergy, Inc.73.28
-0.84-1.13%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Details ESA ramps, 2026 upside ESA
Q&A added granularity to Evergy's four new data center ESAs, confirming yearly ramp schedules with conservative 80% minimum bill modeling in early years and LLPS premiums ensuring strong protections against shortfalls or cancellations. Management reiterated confidence in at least one more sizable ESA in 2026 as forecast upside, alongside early 2026 industrial rebound signals post-2025 weather hits and Panasonic ramp-up. No equity issuances needed in 2030 on surging FFO. Analysts grilled equity sustainability and credit—management held firm at 14% FFO/debt average, open to creative financing for future pipeline. Q&A largely reaffirms the scripted growth thesis. Investors will eye additional ESAs and load execution.
Key Stats
Market Cap
16.87BP/E (TTM)
20.08Basic EPS (TTM)
3.65Dividend Yield
0.04%Recent Filings
8-K
2025 results, 2026 guidance issued
Evergy reported 2025 adjusted EPS of $3.83, edging up from $3.81 in 2024 despite milder weather, fueled by regulated investments and demand growth but offset by higher depreciation and O&M costs. Signed electric service agreements for four large customer projects under new LLPS tariffs; declared $0.6950 quarterly dividend. Growth accelerates. Issues 2026 adjusted EPS guidance of $4.14-$4.34, targeting 6-8%+ through 2030.
10-K
FY2025 results
Evergy posted FY2025 net income of $856M ($3.66 diluted EPS), down from $874M ($3.79) in 2024, as higher operating and maintenance, depreciation and interest expenses offset gains from new Kansas Central ($29M) and Missouri West ($105M) retail rates effective October and January, plus transmission revenue growth. Q4 momentum shone through retail sales up amid 14% higher heating degree days (derived), though cooling softened; utility gross margins climbed 3% y/y to $4.11B annually, with Q4 acceleration from rate hikes. New LLPS tariffs secured 1,900 MW data center deals starting 2026-2028, bolstering $21.6B capex through 2030 skewed to $9.3B natural gas/renewables. Debt swelled to $13.4B amid issuances, revolver headroom at $1.1B. Regulators challenge cost recovery.
8-K
Evergy refinances $55M loan
Evergy secured a $500M unsecured term loan from Wells Fargo on February 11, 2026, maturing February 10, 2027, to refinance its $55M prior facility with Bank of America—no penalties incurred. Proceeds fund working capital, capex, acquisitions, and corporate needs. Debt-to-capitalization covenant caps at 0.65:1. Clean refinancing.
8-K
Evergy funds notes repurchase
Evergy entered a $55M unsecured term loan with Bank of America on January 7, 2026, maturing January 6, 2027, for working capital and general purposes, while agreeing to repurchase $244.1M of its 4.50% Convertible Notes due 2027 for ~$302.5M cash. Notes outstanding drop to $1,155.9M post-buyback. Loan caps debt-to-capitalization at 0.65:1.
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