Evergy Stock Earnings Reports

Evergy reported 3Q25 adjusted EPS of $2.03 (up slightly YoY) and narrowed 2025 guidance to $3.92–$4.02, citing a $0.13 EPS weather headwind partially offset by in‑year mitigation actions (~$0.10). Operational performance and reliability remain strong (favorable forced outage and SAIDI metrics) and Wolf Creek nuclear refueling is nearing completion. Management highlighted a massive economic development pipeline (>15 GW) with a 4–6 GW ‘Tier 1’ opportunity that could materially accelerate load growth (potentially raising company CAGR to 4–5% if certain final agreements are reached). Recent project wins include Lambda (25 MW initial, potential to ~100 MW), Panasonic, Meta and progress with other large data center customers. Regulatory progress includes approvals and settlements for new generation in Kansas and Missouri and pending Large Load Power Service (LLPS) tariff orders (KCC decision expected imminently; MPSC expected by year‑end), which are central to capturing and cost‑allocating new large customer load. Management announced a 4% dividend increase and reiterated plans to present a comprehensive year‑end update in February covering updated load forecasts, a 5‑year capital plan (current plan $17.5B), financing approach, and long‑term EPS outlook. Financing assumptions currently incorporate up to $2.8B of equity/equity‑like issuance for the 5‑year plan, though planned large load additions could materially reduce equity needs beginning in 2026. Management emphasized focus on affordability, regulatory mechanisms (PISA, CWIP, riders) to mitigate lag and preserve credit quality, and that new large customers will pay tariffs designed to bear their incremental system costs and include contractual safeguards.