Evergy (EVRG) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 9:35 AM CDT 35 min read

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DATE

Thursday, May 7, 2026 astatine 9 a.m. ET

CALL PARTICIPANTS

• President & Chief Executive Officer — David A. Campbell

• Executive Vice President & Chief Financial Officer — W. Bryan Buckler

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Full Conference Call Transcript

David A. Campbell: Thanks, Pete, and bully morning, everyone. I volition statesman connected descent five. This morning, we are pleased to denote the signing of a 5th ample lawsuit electrical work statement and the favorable amendment of 2 antecedently signed contracts. As I volition sermon successful a moment, Evergy, Inc.'s ample lawsuit squad continues to excel successful bringing economical improvement to Kansas and Missouri. We besides are reporting coagulated archetypal 4th results arsenic we delivered adjusted net of $0.69 per share, compared to $0.55 per stock a twelvemonth ago. The summation was chiefly driven by betterment of regulated investments, maturation successful weather-normalized demand, and revenues from our ample load customers.

Other factors impacting results were the effect of mild weather, higher operations and attraction expense, and higher depreciation expense. Bryan volition screen these results successful much detail. During the quarter, we worked intimately with 2 of our ample customers to refine their anticipated load profiles and amend their electrical work agreements, oregon ESAs. As a result, we volition person a boost to 2026 margins, helping to offset the interaction of the mild wintertime upwind earlier this year. The archetypal 4th demonstrated ongoing momentum successful our ample lawsuit strategy. During our year-end net telephone successful February, we signaled our anticipation to execute astatine slightest 1 much ESA successful 2026 that was not yet incorporated into our fiscal plan.

Today, I americium excited to denote a caller ESA with a premier developer for a caller information halfway task successful our Kansas Central work territory that volition thrust affordability benefits for our customers. This caller lawsuit volition instrumentality work nether our Large Load Power Service tariff, the model nether which caller ample customers wage a premium complaint that covers their just stock of existing and caller strategy costs. This ESA volition bolster our adjusted EPS growth, request growth, and recognition metrics passim our five-year plan. Bryan volition besides screen this successful much detail. With this coagulated start, we are reaffirming our 2026 adjusted EPS guidance scope of $4.14 to $4.34 per share.

We are besides reaffirming our semipermanent adjusted EPS maturation people of 6% to 8%+ done 2030 disconnected of the 2026 midpoint of $4.24. We expect adjusted EPS maturation to transcend 8% annually opening successful 2028 done 2030. Slide six summarizes our caller information halfway announcements. As I mentioned, the 5th ESA is for a information halfway successful Kansas Central. While lawsuit specifics are confidential, we tin corroborate that the lawsuit is simply a large, well-known developer with beardown investment-grade recognition ratings and is moving with the hyperscaler off-taker. We expect further disclosure successful the coming months.