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Evergy's Q3 2026 adjusted EPS rose 27.1% to $2.58, beating estimates by 12.2%, while revenues climbed 15.8%.
Kansas Central's operating revenues grew 18.8%, while Metro posted an 11.8% rise, boosting Evergy's results.
Evergy raises its 2026 adjusted EPS guidance to $4.35-$4.50 and expects annual growth to exceed 8% from 2028.
Evergy, Inc. (EVRG - Free Report) reported third-quarter 2026 adjusted earnings of $2.58 per share, which topped the Zacks Consensus Estimate of $2.30 by 12.2%. Earnings increased 27.1% from $2.03 in the year-ago quarter.
EVRG’s Total Revenues
Quarterly revenues totaled $2.10 billion, which surpassed the Zacks Consensus Estimate of $1.9 billion by 10.6%. The top line also rose 15.8% from the year-ago figure of $1.81 billion.
Total operating expenses increased 11.9% year over year to $1.29 billion. Fuel and purchased-power costs rose 20.3% to $472.8 million from $393.1 million.
Operating and maintenance expenses increased 10.6% to $279.5 million. Depreciation and amortization rose 4.2% to $302.5 million.
Interest expenses totaled $168 million, up 10.5% year over year.
Evergy Kansas Central Delivers Growth
Evergy Kansas Central’s operating revenues improved 18.8% to $1.05 billion from $886 million in the year-ago quarter. Net income attributable to the business rose to $321.2 million from $215.9 million.
Operating income increased 35.3% to $390.3 million from $288.4 million. Fuel and purchased-power costs jumped to $193.1 million from $162.9 million. Operating and maintenance expenses, transmission costs and depreciation also rose.
EVRG’s Metro Business Posts Gains
Evergy Metro generated operating revenues of $688.6 million, up 11.8% from $615.9 million in the prior-year quarter. Net income increased to $212.7 million from $189 million.
Operating income rose 12.9% to $283 million from $250.6 million. Fuel and purchased-power expenses increased to $169.5 million from $150 million, while operating and maintenance expenses jumped to $80.3 million from $73.6 million.
EVRG’s Financial Update
Cash and cash equivalents as of Sept. 30, 2026 totaled $18.7 million compared with $19.8 million as of Dec. 31, 2025.
Long-term debt as of Sept. 30, 2026 was $13.55 billion compared with $13.04 billion as of Dec. 31, 2025.
Cash provided by operating activities in the first nine months of 2026 was $1.7 billion compared with $1.71 billion in the year-ago period.
EVRG’s Guidance
Evergy raised its 2026 adjusted EPS guidance to the range of $4.35-$4.50 from the previous range of $4.14-$4.34. The Zacks Consensus Estimate is pegged at $4.27, which is lower than the company’s newly guided range.
EVRG reaffirmed its adjusted EPS annual growth target of 6-8% or higher through 2030, based on the original 2026 guidance midpoint of $4.24. Management expects annual adjusted EPS growth to exceed 8% beginning in 2028.
IDACORP, Inc. (IDA - Free Report) reported third-quarter 2026 earnings of $2.73 per share, which surpassed the Zacks Consensus Estimate of $2.51 by 8.8%. The bottom line also increased 20.8% from $2.26 in the year-ago quarter.
Total revenues in the third quarter of 2026 were $608 million, outpacing the Zacks Consensus Estimate of $561 million by 8.4%. The top line also rose 15.9% from $524.4 million in the year-ago quarter.
PG&E Corporation (PCG - Free Report) reported third-quarter 2026 adjusted earnings per share (EPS) of 41 cents, which missed the Zacks Consensus Estimate of 42 cents by 2.4%. The bottom line also declined 18% from the year-ago quarter’s figure of 50 cents.
PCG reported third-quarter total revenues of $6.19 billion, down 1% from $6.25 billion registered in the year-ago period. The top line also missed the Zacks Consensus Estimate of $6.59 billion by 6%.
Edison International (EIX - Free Report) reported third-quarter 2026 core earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.83 by 4.9%. However, the bottom line declined 17.9% from $2.34 in the year-ago quarter.
Edison International's third-quarter operating revenues totaled $4.89 billion, missing the Zacks Consensus Estimate of $5.53 billion by 11.7%. The top line also declined 15% from the year-ago quarter's figure of $5.75 billion.
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Evergy's Q3 Earnings and Revenues Beat Estimates, '26 EPS View Raised
Key Takeaways
Evergy, Inc. (EVRG - Free Report) reported third-quarter 2026 adjusted earnings of $2.58 per share, which topped the Zacks Consensus Estimate of $2.30 by 12.2%. Earnings increased 27.1% from $2.03 in the year-ago quarter.
EVRG’s Total Revenues
Quarterly revenues totaled $2.10 billion, which surpassed the Zacks Consensus Estimate of $1.9 billion by 10.6%. The top line also rose 15.8% from the year-ago figure of $1.81 billion.
Evergy Inc. Price, Consensus and EPS Surprise
Evergy Inc. price-consensus-eps-surprise-chart | Evergy Inc. Quote
Highlights of EVRG’s Earnings Release
Total operating expenses increased 11.9% year over year to $1.29 billion. Fuel and purchased-power costs rose 20.3% to $472.8 million from $393.1 million.
Operating and maintenance expenses increased 10.6% to $279.5 million. Depreciation and amortization rose 4.2% to $302.5 million.
Interest expenses totaled $168 million, up 10.5% year over year.
Evergy Kansas Central Delivers Growth
Evergy Kansas Central’s operating revenues improved 18.8% to $1.05 billion from $886 million in the year-ago quarter. Net income attributable to the business rose to $321.2 million from $215.9 million.
Operating income increased 35.3% to $390.3 million from $288.4 million. Fuel and purchased-power costs jumped to $193.1 million from $162.9 million. Operating and maintenance expenses, transmission costs and depreciation also rose.
EVRG’s Metro Business Posts Gains
Evergy Metro generated operating revenues of $688.6 million, up 11.8% from $615.9 million in the prior-year quarter. Net income increased to $212.7 million from $189 million.
Operating income rose 12.9% to $283 million from $250.6 million. Fuel and purchased-power expenses increased to $169.5 million from $150 million, while operating and maintenance expenses jumped to $80.3 million from $73.6 million.
EVRG’s Financial Update
Cash and cash equivalents as of Sept. 30, 2026 totaled $18.7 million compared with $19.8 million as of Dec. 31, 2025.
Long-term debt as of Sept. 30, 2026 was $13.55 billion compared with $13.04 billion as of Dec. 31, 2025.
Cash provided by operating activities in the first nine months of 2026 was $1.7 billion compared with $1.71 billion in the year-ago period.
EVRG’s Guidance
Evergy raised its 2026 adjusted EPS guidance to the range of $4.35-$4.50 from the previous range of $4.14-$4.34. The Zacks Consensus Estimate is pegged at $4.27, which is lower than the company’s newly guided range.
EVRG reaffirmed its adjusted EPS annual growth target of 6-8% or higher through 2030, based on the original 2026 guidance midpoint of $4.24. Management expects annual adjusted EPS growth to exceed 8% beginning in 2028.
EVRG’s Zacks Rank
Evergy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
IDACORP, Inc. (IDA - Free Report) reported third-quarter 2026 earnings of $2.73 per share, which surpassed the Zacks Consensus Estimate of $2.51 by 8.8%. The bottom line also increased 20.8% from $2.26 in the year-ago quarter.
Total revenues in the third quarter of 2026 were $608 million, outpacing the Zacks Consensus Estimate of $561 million by 8.4%. The top line also rose 15.9% from $524.4 million in the year-ago quarter.
PG&E Corporation (PCG - Free Report) reported third-quarter 2026 adjusted earnings per share (EPS) of 41 cents, which missed the Zacks Consensus Estimate of 42 cents by 2.4%. The bottom line also declined 18% from the year-ago quarter’s figure of 50 cents.
PCG reported third-quarter total revenues of $6.19 billion, down 1% from $6.25 billion registered in the year-ago period. The top line also missed the Zacks Consensus Estimate of $6.59 billion by 6%.
Edison International (EIX - Free Report) reported third-quarter 2026 core earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.83 by 4.9%. However, the bottom line declined 17.9% from $2.34 in the year-ago quarter.
Edison International's third-quarter operating revenues totaled $4.89 billion, missing the Zacks Consensus Estimate of $5.53 billion by 11.7%. The top line also declined 15% from the year-ago quarter's figure of $5.75 billion.