Evergy Inc Dossier
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SectorUtilities IndustryUtilities - Regulated Electric Beta (adjusted)0.69 Intrinsic Value $60.89median of 6 methods · middle span $54-$67based on filings through 31 Mar 2026 Market Price $78.79Price as of 1 Oct 2026 OvervaluedIntrinsic value is 23% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $18.2B Enterprise Value $31.7B Shares Outstanding 237.1M diluted Moat Rating None Next Earnings Date5 Nov 2026 Last ex-dividend18 Aug 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Evergy offers a regulated-utility earnings base with an unusually strong incremental demand opportunity from large customers in Kansas and Missouri. Through June 2026, adjusted EPS reached $1.57 versus $1.37 in the prior-year period, and management reaffirmed 2026 adjusted EPS guidance of $4.14-$4.34. Five signed large-customer electric service agreements, approved large-load tariff protections and a $21.6 billion 2026E-2030E capital program support management's 6%-8%+ annual adjusted EPS growth objective through 2030, including growth above 8% beginning in 2028. The opportunity is balanced by execution, financing, construction and regulatory-recovery risks associated with rapid load growth and a substantially larger investment program. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$80.00 Mean target$91.95 High · most bullish analyst$103.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $70.0020% Large-customer projects are delayed or fail to convert, capital projects encounter cost or schedule overruns, and regulatory awards recover less or later than requested. Higher financing and operating costs then pressure adjusted EPS below guidance and weaken the expected acceleration after 2027. Base CaseCentral scenario $91.9558% Matches the consensus meanEvergy delivers 2026 adjusted EPS within its $4.14-$4.34 range, executes the existing large-customer agreements and advances the $21.6 billion investment program with broadly adequate regulatory recovery. Adjusted EPS growth remains within management's 6%-8%+ objective through 2030. Bull CaseUpside scenario $103.0022% Large-customer demand converts into additional binding agreements, projects enter service on schedule and tariff protections permit timely recovery of generation and transmission investment. Adjusted EPS remains within 2026 guidance and subsequently grows above 8% annually from 2028, while constructive regulatory outcomes preserve customer affordability and funding access. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |