Evergy, Inc.

Evergy reported second-quarter adjusted earnings of $209 million, or $0.88 per share, up from $0.82 a year earlier, and reaffirmed its 2026 adjusted EPS guidance of $4.14 to $4.34. The company has signed energy service agreements for five data-center projects totaling about 2.5 gigawatts, with total large-customer load reaching roughly 3 gigawatts, supporting expected annual retail load growth of 7% to 8% through 2030. Evergy now expects about $1 billion of incremental capital spending for generation resources tied to secured customer agreements, raising projected rate-base growth through 2030 to approximately 12%. Planned additions include more than 5 gigawatts of generation and storage, while the company continues to manage regulatory proceedings and customer-affordability concerns.

Evergy reported second-quarter 2026 adjusted earnings of 88 cents per share, beating the Zacks Consensus Estimate of 82 cents by 7.3% and rising 7.3% from the year-ago quarter. Quarterly revenues totaled $1.50 billion, surpassing the consensus estimate of $1.48 billion and increasing 4.4% from $1.44 billion a year earlier. Total operating expenses rose 2.4% to $1.12 billion, with fuel and purchased-power costs edging down to $328.5 million from $330.4 million, while operating and maintenance expenses increased 2.3% to $260.9 million and depreciation and amortization grew 5.5% to $304.3 million. Interest expenses climbed 7.9% to $165.9 million. Evergy Kansas Central's operating revenues improved 4.9% to $769.5 million and net income rose to $138.1 million from $120.4 million, while Evergy Metro's operating revenues increased 3.7% to $488.7 million and net income grew to $78.7 million from $68.8 million. The company reaffirmed its 2026 adjusted EPS guidance range of $4.14 to $4.34 and expects an adjusted EPS annual growth target of 6% to 8% through 2030.

A group of five US-listed regulated utilities continues to deliver reliable dividends backed by multi-decade track records. Edison International yields 4.39% with 22 consecutive annual increases, while Dominion Energy holds a 3.78% yield and a $64.7 billion five-year capital plan tied to Virginia data center demand. Northwest Natural Holdings has raised its dividend for 70 consecutive years, and WEC Energy Group has compounded 150% over the past decade with 23 straight increases. Evergy rounds out the list with a 3.23% yield and a $21.6 billion capex plan supporting 6% to 8%+ long-term EPS growth. All five are investment-grade, low-beta, and backed by verifiable dividend records spanning decades.

Evergy plans to invest $21.6 billion between 2026 and 2030 to modernize and expand its grid infrastructure across Kansas and Missouri, aiming to meet rising electricity demand. The company reported strong first-quarter 2026 results with commercial sales up 3.8%, industrial sales up 10.1%, and residential sales up 3.3%. In the same quarter, Evergy signed Electric Service Agreements for five projects totaling 2.5 gigawatts of peak load and expects additional expansion opportunities with current and prospective customers. The capital plan is projected to drive rate-base growth of 11.5% through 2030, supporting a long-term adjusted earnings per share growth target of 6% to 8%.