Evergy, Inc. reported its full‑year 2025 results, posting GAAP earnings of $855.6 million, or $3.66 per share, and adjusted earnings of $893.8 million, or $3.83 per share. The company’s fourth‑quarter GAAP earnings were $84.3 million, or $0.36 per share, while adjusted Q4 earnings were $99.8 million, or $0.42 per share.
The company declared a quarterly dividend of $0.6950 per share, payable on March 20, 2026, to shareholders of record as of March 10, 2026. In addition, Evergy provided 2026 adjusted EPS guidance of $4.14 to $4.34 per share and a long‑term adjusted EPS growth target of 6% to 8%+ through 2030.
Evergy’s Q4 adjusted EPS of $0.42 missed analyst consensus estimates of $0.57 by $0.15, a 26.3% shortfall. The company’s Q4 revenue of $1.34‑$1.36 billion also fell short of consensus estimates of $1.41‑$1.46 billion. Management attributed the miss to milder‑than‑normal weather and demand headwinds that offset benefits from a recovery of regulated investments and growth in weather‑normalized demand.
Full‑year adjusted earnings rose modestly from $3.81 per share in 2024 to $3.83 per share in 2025, reflecting effective cost control amid weather‑related demand headwinds and higher operating costs. CEO David Campbell said, "As we look ahead, our fundamental long‑term outlook is very strong, bolstered by the recent signing of electric service agreements with two new large customer projects, and the expansion of two existing projects, all under the LLPS framework. We are initiating 2026 adjusted EPS guidance of $4.14 to $4.34 and establishing a long‑term growth target of 6% to 8%+. Beginning in 2028, we expect adjusted EPS growth to exceed 8%."
CFO Bryan Buckler noted, "These results year‑to‑date, we are narrowing our 2025 adjusted EPS guidance range to $3.92 to $4.02 per share from our original 2025 adjusted EPS guidance range of $3.92 to $4.12 per share." He also added, "For the full year 2025, Evergy delivered adjusted earnings of $894 million, or $3.83 per share, compared to $878 million, or $3.81 per share in 2024."
The market reacted positively, with the stock rising in pre‑market trading. Analysts highlighted the strong 2026 guidance and the raised long‑term growth target as key drivers of the positive sentiment, outweighing the Q4 earnings and revenue miss.
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