Evergy Posts Strong Q3 2026 Results, Lifts FY26 Guidance and Signs 1.4 GW Data Center LOI

Executive Summary

On November 5, 2026, Evergy, Inc. (NASDAQ: EVRG) filed a Form 8-K reporting its financial results for the third quarter ended September 30, 2026, raising full-year 2026 earnings guidance, declaring a quarterly dividend increase, and announcing major large-load customer developments.

Key Financial Highlights

• Q3 2026 Earnings Performance:

  • GAAP Net Income: $612.9 million ($2.59 per diluted share), compared to $475.0 million ($2.03 per diluted share) in Q3 2025.
  • Adjusted (Non-GAAP) Net Income: $609.9 million ($2.58 per diluted share), up 27% from $475.1 million ($2.03 per diluted share) in Q3 2025.
  • Drivers: Favorable summer weather, regulatory investment recovery, growth in weather-normalized demand, and higher revenues from large customers, offset in part by higher O&M and depreciation expenses.

• Guidance Revision:

  • FY 2026 Adjusted EPS Guidance: Raised to $4.35 to $4.50 from the prior range of $4.14 to $4.34.
  • Long-Term Outlook: Reaffirmed long-term adjusted EPS growth target of 6% to 8%+ through 2030 (measured from the original 2026 midpoint of $4.24), with annual growth projected to surpass 8% from 2028 through 2030.

• Dividend Declaration (Item 8.01):

  • Declared a quarterly common stock dividend of $0.7225 per share (a ~4% increase), maintaining the long-term payout ratio target of 50% to 60%.
  • Payable: December 18, 2026 | Record Date: November 20, 2026.

Large Customer & Load Growth Catalysts

• Executed three amendments to existing electric service agreements (ESAs) yielding approximately 250 MW of incremental demand.
• Executed a Letter of Intent (LOI) with Digital Realty for a 1.4 GW expansion project, underscoring strong data center and high-density computing demand across Evergy's Kansas and Missouri service territories.