Evergy's Q2 Earnings Beat Estimates, Revenues Increase Y/Y

Quarterly revenues totaled $1.50 billion, which surpassed the Zacks Consensus Estimate of $1.48 billion by 1.7%. The top line also increased 4.4% from the year-ago figure of $1.44 billion.

Highlights of EVRG’s Earnings Release

Total operating expenses jumped 2.4% year over year to $1.12 billion. Fuel and purchased-power costs declined slightly to $328.5 million from $330.4 million.

Operating and maintenance expenses rose 2.3% to $260.9 million. Depreciation and amortization increased 5.5% to $304.3 million.

Interest expenses totaled $165.9 million, up 7.9% year over year.

Evergy Kansas Central Delivers Growth

Evergy Kansas Central’s operating revenues improved 4.9% to $769.5 million from $733.5 million in the year-ago quarter. Net income attributable to the business rose to $138.1 million from $120.4 million.

Operating income increased 13.7% to $206.1 million from $181.2 million. Fuel and purchased-power costs declined to $102 million from $117.5 million. These savings were partly offset by higher operating and maintenance expenses, transmission costs and depreciation.

EVRG’s Metro Business Posts Gains

Evergy Metro generated operating revenues of $488.7 million, up 3.7% from $471.2 million in the prior-year quarter. Net income increased to $78.7 million from $68.8 million.

Operating income rose 11.8% to $126.5 million from $113.1 million. Fuel and purchased-power expenses increased modestly to $146.1 million, while operating and maintenance expenses dropped to $75.4 million from $78.6 million.

EVRG’s Financial Update

Cash and cash equivalents as of June 30, 2026 totaled $21.8 million compared with $19.8 million as of Dec. 31, 2025.

Long-term debt as of June 30, 2026 was $12.32 billion compared with $13.04 billion as of Dec. 31, 2025.

Cash provided by operating activities in the first six months of 2026 was $711.1 million compared with $773.5 million in the year-ago period.

EVRG’s Guidance

Evergy reaffirmed its 2026 adjusted EPS guidance in the range of $4.14-$4.34. The Zacks Consensus Estimate is pegged at $4.25, which is just higher than the midpoint of the company’s guided range.

The company expects its adjusted EPS annual growth target of 6-8% through 2030.

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 reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.

Total revenues in the second quarter of 2026 were $469.8 million, lagging the Zacks Consensus Estimate of $478 million by 1.8%. However, the metric rose 4.2% from $450.9 million in the year-ago quarter.

PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.

PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%.

Edison International EIX reported second-quarter 2026 core earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.02 by 51%. The bottom line surged 58.8% from 97 cents in the year-ago quarter.

Edison International's second-quarter operating revenues totaled $4.36 billion, which missed the Zacks Consensus Estimate of $4.72 billion by 7.7%. The top line also decreased 4.1% from the year-ago quarter’s figure of $4.54 billion.

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