Overview

• Electric utility's Q4 adjusted EPS missed analyst expectations

• Company signed electric service agreements for four large customer projects

• 2025 adjusted EPS benefited from regulated investments and demand growth

Outlook

• Evergy sets 2026 adjusted EPS guidance at $4.14-$4.34

• Company targets long-term adjusted EPS growth of 6-8%+ through 2030

• Evergy expects adjusted EPS growth to exceed 8% starting in 2028 and through 2030

Result Drivers

• DEMAND GROWTH - 2025 adjusted EPS benefited from growth in weather-normalized demand

• NEW CUSTOMER PROJECTS - Signed electric service agreements for four large customer projects

• TARIFF APPROVAL - Approval of new large load power service tariffs in Kansas and Missouri expected to drive growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electric utilities peer group is "buy"

• Wall Street's median 12-month price target for Evergy Inc is $85.00, about 5.7% above its February 18 closing price of $80.40

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nBw3HxKcqa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)