Evergy (EVRG) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$0.91

$0.83$1.03

vs $0.82+11.2%

8 analysts

Next Qtr

$2.16

$2.01$2.29

vs $2.03+6.2%

8 analysts

Current Yr

$4.25

$4.19$4.32

vs $3.83+10.9%

13 analysts

Next Yr

$4.55

$4.48$4.62

vs $4.25+7.1%

13 analysts

Revenue Estimates

Current Qtr

$1.33B

$1.15B$1.45B

vs $1.44B-7.3%

3 analysts

Next Qtr

$2.25B

$1.76B$2.98B

vs $1.81B+24.5%

3 analysts

Current Yr

$6.21B

$5.90B$6.35B

vs $5.96B+4.2%

9 analysts

Next Yr

$6.62B

$6.33B$6.86B

vs $6.21B+6.6%

10 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for EVRG on EDGAR.

EVRG filing events and research context
Filed	Item	Context
Feb 19, 2026	business	Evergy operates regulated electric utilities in Kansas and Missouri, with current growth driven by surging load demand from data centers and artificial intelligence. To meet this demand, the company is investing heavily in natural gas, renewable generation, and battery storage while modernizing its fleet through the retirement or conversion of coal-fired units. This transition introduces "stranded asset" risks if regulators disallow the recovery of prudent investments. A critical operational pillar is the Wolf Creek nuclear plant, which exposes the company to NRC regulatory oversight, decommissioning liabilities, and fuel-supply dependencies. Financial stability relies on subsidiary dividends and access to capital markets, though inflation, tariffs, and global supply chain disruptions currently pressure project costs and timelines. Environmental risks are significant, specifically stringent EPA coal combustion residual rules and wildfire liabilities. Furthermore, the adoption of distributed generation and energy efficiency technologies threatens to reduce traditional electricity demand and the recovery of fixed costs. Evergy operates within the Southwest Power Pool (SPP) marketplace and faces ongoing cybersecurity threats to its aging infrastructure. The company aims for net-zero CO2e emissions by 2050, a goal dependent on evolving technology and supportive regulatory frameworks.
Feb 19, 2026	mda	Evergy operates integrated electric utilities in Kansas and Missouri, serving 1.7 million customers. The company is executing a $21.6 billion capital investment plan through 2030, allocating $9.3 billion to new generation, including two combined-cycle natural gas plants in Kansas and a simple-cycle plant in Missouri. Renewable expansions include the Sunflower Sky and Foxtrot solar facilities, though the Kansas Sky project faces litigation delays. To support economic development, Evergy implemented Large Load Power Service (LLPS) rate plans and signed agreements to serve data centers with a projected peak load of 1,900 MW between 2026 and 2028. In 2025, net income attributable to Evergy, Inc. decreased to $855.6 million, driven by higher operating and maintenance costs, increased interest expense, and losses from non-regulated clean energy investments, partially offset by new retail rates and higher transmission revenues. Liquidity is managed through long-term debt and equity, including a $1.2 billion At-the-Market program and the repurchase of $244.1 million in convertible notes. Key regulatory developments include Missouri SB 4, which enhances cost recovery for natural gas units, and Kansas HB 2107, which limits wildfire-related punitive damages and establishes a two-year statute of limitations for claims.
Feb 19, 2026	risk_factors	Evergy faces significant regulatory and operational risks centered on its capital investment strategy and rate recovery. The company is pursuing retail revenue increases, with Evergy Metro requesting $140 million and Evergy Kansas Central recently securing a $128 million increase. To manage growing demand, Evergy implemented Large Load Power Service (LLPS) rate plans for customers exceeding 75 MW, securing electric service agreements for data centers with a projected peak load of 1,900 MW between 2026 and 2028. Generation expansion includes three natural gas plants—two combined-cycle facilities in Kansas and one simple-cycle plant in Missouri—alongside solar projects like Sunflower Sky and Foxtrot. However, the 159 MW Kansas Sky solar project remains delayed by litigation and an emergency injunction. Legislative shifts include Missouri’s SB 4, which facilitates the recovery of construction work in progress for gas plants, and Kansas’s HB 2107, which limits wildfire-related punitive damages to $5 million. Financially, Evergy plans $21.6 billion in capital expenditures through 2030 and recently repurchased $244.1 million of its 4.50% Convertible Notes to manage its debt profile.

Filed

Item

Context

Feb 19, 2026

business

Evergy operates regulated electric utilities in Kansas and Missouri, with current growth driven by surging load demand from data centers and artificial intelligence. To meet this demand, the company is investing heavily in natural gas, renewable generation, and battery storage while modernizing its fleet through the retirement or conversion of coal-fired units. This transition introduces "stranded asset" risks if regulators disallow the recovery of prudent investments. A critical operational pillar is the Wolf Creek nuclear plant, which exposes the company to NRC regulatory oversight, decommissioning liabilities, and fuel-supply dependencies. Financial stability relies on subsidiary dividends and access to capital markets, though inflation, tariffs, and global supply chain disruptions currently pressure project costs and timelines. Environmental risks are significant, specifically stringent EPA coal combustion residual rules and wildfire liabilities. Furthermore, the adoption of distributed generation and energy efficiency technologies threatens to reduce traditional electricity demand and the recovery of fixed costs. Evergy operates within the Southwest Power Pool (SPP) marketplace and faces ongoing cybersecurity threats to its aging infrastructure. The company aims for net-zero CO2e emissions by 2050, a goal dependent on evolving technology and supportive regulatory frameworks.

Feb 19, 2026

mda

Evergy operates integrated electric utilities in Kansas and Missouri, serving 1.7 million customers. The company is executing a $21.6 billion capital investment plan through 2030, allocating $9.3 billion to new generation, including two combined-cycle natural gas plants in Kansas and a simple-cycle plant in Missouri. Renewable expansions include the Sunflower Sky and Foxtrot solar facilities, though the Kansas Sky project faces litigation delays. To support economic development, Evergy implemented Large Load Power Service (LLPS) rate plans and signed agreements to serve data centers with a projected peak load of 1,900 MW between 2026 and 2028. In 2025, net income attributable to Evergy, Inc. decreased to $855.6 million, driven by higher operating and maintenance costs, increased interest expense, and losses from non-regulated clean energy investments, partially offset by new retail rates and higher transmission revenues. Liquidity is managed through long-term debt and equity, including a $1.2 billion At-the-Market program and the repurchase of $244.1 million in convertible notes. Key regulatory developments include Missouri SB 4, which enhances cost recovery for natural gas units, and Kansas HB 2107, which limits wildfire-related punitive damages and establishes a two-year statute of limitations for claims.

Feb 19, 2026

risk_factors

Evergy faces significant regulatory and operational risks centered on its capital investment strategy and rate recovery. The company is pursuing retail revenue increases, with Evergy Metro requesting $140 million and Evergy Kansas Central recently securing a $128 million increase. To manage growing demand, Evergy implemented Large Load Power Service (LLPS) rate plans for customers exceeding 75 MW, securing electric service agreements for data centers with a projected peak load of 1,900 MW between 2026 and 2028. Generation expansion includes three natural gas plants—two combined-cycle facilities in Kansas and one simple-cycle plant in Missouri—alongside solar projects like Sunflower Sky and Foxtrot. However, the 159 MW Kansas Sky solar project remains delayed by litigation and an emergency injunction. Legislative shifts include Missouri’s SB 4, which facilitates the recovery of construction work in progress for gas plants, and Kansas’s HB 2107, which limits wildfire-related punitive damages to $5 million. Financially, Evergy plans $21.6 billion in capital expenditures through 2030 and recently repurchased $244.1 million of its 4.50% Convertible Notes to manage its debt profile.

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EVRG filing events and research context

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