Evergy released its 2025 financial results on February 19, 2026, reporting full-year GAAP earnings of $3.66 per share, down from $3.79 in 2024, and adjusted earnings of $3.83 per share, up slightly from $3.81 in 2024. The company declared a quarterly dividend of $0.6950 per share and announced 2026 adjusted EPS guidance of $4.14 to $4.34. Evergy signed electric service agreements totaling 1.9 GW with Google, Meta, and Beale Infrastructure. The company introduced a $21.6 billion five-year capital investment plan, a 24 percent increase from the previous $17.5 billion plan, driven by generation projects including 1.9 GW of gas-fired generation and 325 MW of solar capacity. Analyst ratings remained mixed, with some raising price targets while others maintained neutral positions.
Read full analysisEvergy released its 2025 financial results on February 19, 2026, reporting full-year GAAP earnings of $3.66 per share, down from $3.79 in 2024, and adjusted earnings of $3.83 per share, up slightly from $3.81 in 2024. The company declared a quarterly dividend of $0.6950 per share and announced 2026 adjusted EPS guidance of $4.14 to $4.34. Evergy signed electric service agreements totaling 1.9 GW with Google, Meta, and Beale Infrastructure. The company introduced a $21.6 billion five-year capital investment plan, a 24 percent increase from the previous $17.5 billion plan, driven by generation projects including 1.9 GW of gas-fired generation and 325 MW of solar capacity. Analyst ratings remained mixed, with some raising price targets while others maintained neutral positions.
Evergy is a regulated electric utility serving approximately 1.7 million customers in Kansas and Missouri. The company has become a focal point for AI-infrastructure investors after signing 1.9 GW of electric service agreements with Google, Meta, and Beale Infrastructure in February 2026, alongside a $21.6 billion five-year capital plan that represents a 24% increase over prior spending targets. Today's underperformance versus peers reflects the market weighing a Q4 earnings miss and slightly below-consensus 2026 guidance against the company's accelerating data center demand story.