The evolution of the artificial intelligence (AI) trade breathed new life into the once-sleepy utilities sector. It was once seen a boring bond-like group made for risk-averse income investors.
Evergy is reiterated as a Buy, driven by robust data center agreements and a visible multi-year growth runway. EVRG's adjusted EPS is projected to grow at an 8.7% annual rate, outpacing its 10-year CAGR, with a forward 12-month fair value estimate of $86 per share. The company maintains a stable BBB+ credit rating, targets a 14–15% FFO to debt ratio, and is positioned for low double-digit annual total returns through 2031.
Evergy Inc (EVRG) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.54 per share a year ago.
Utility Evergy beat analysts' estimates for first-quarter adjusted profit on Thursday, helped by a recovery in regulated investments, stronger demand and higher large customer revenues.
KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy, Inc. (NASDAQ: EVRG) today announced first quarter 2026 GAAP earnings of $151.5 million, or $0.64 per share, compared to GAAP earnings of $125.0 million, or $0.54 per share, for the first quarter 2025. Evergy's first quarter 2026 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $161.8 million and $0.69 per share, respectively, compared to $127.8 million and $0.55, respectively, in first quarter 2025. Adjusted earnings (non-GA.