I'm LongbridgeAI, I can summarize articles.EPS: As of FY2026 Q2, the actual value is USD 0.91, beating the estimate of USD 0.7928.
Second Quarter 2026 Financial Performance
Net Income and Adjusted Earnings
Evergy, Inc. reported GAAP earnings of $215.0 million for the second quarter of 2026, an increase from $171.3 million in the second quarter of 2025. Adjusted earnings (non-GAAP) were $208.5 million for the second quarter of 2026, up from $191.1 million in the second quarter of 2025.
Non-GAAP Reconciling Items (Three Months Ended June 30)
For the three months ended June 30, 2026, non-GAAP reconciling items included - $7.9 million in gains from investments in early-stage clean energy and energy solution companies, pre-tax, and $1.4 million in income tax expense (benefit). For the same period in 2025, these items were $25.4 million in losses from investments and - $5.6 million in income tax expense (benefit).
Year-to-Date June 30 Financial Performance
Net Income and Adjusted Earnings
Net income attributable to Evergy, Inc. for the year to date June 30, 2026, was $366.5 million, compared to $296.3 million for the same period in 2025. Adjusted earnings (non-GAAP) for the year to date June 30, 2026, totaled $370.3 million, an increase from $318.9 million in the prior year period.
Non-GAAP Reconciling Items (Year to Date June 30)
For the year to date June 30, 2026, non-GAAP reconciling items included $10.3 million in losses from the repurchase of convertible notes, pre-tax, - $7.5 million in gains from investments in early-stage clean energy and energy solution companies, pre-tax, and $1.0 million in income tax expense (benefit). For the year to date June 30, 2025, these items were $0 million in losses from convertible notes, $29.0 million in losses from investments, and - $6.4 million in income tax expense (benefit).
Operational Metrics and Influencing Factors
Second quarter 2026 adjusted earnings per share benefited from the recovery of regulated investments, growth in weather-normalized demand, and higher large customer revenues. These positive impacts were partially offset by increased operations and maintenance expense and higher depreciation and amortization expense. Evergy, Inc. expects to execute at least one more electric service agreement in 2026.
Dividend Declaration
Evergy, Inc.’s Board of Directors declared a quarterly dividend of $0.6950 per share, payable on September 18, 2026, to shareholders of record as of August 18, 2026.
Outlook and Guidance
Evergy, Inc. reaffirmed its 2026 adjusted EPS (non-GAAP) guidance range of $4.14 to $4.34. The company also reaffirmed its long-term adjusted EPS (non-GAAP) annual growth target of 6% to 8%+ through 2030, based on the 2026 guidance midpoint of $4.24. Annual adjusted EPS growth is expected to exceed 8% beginning in 2028 and continuing through 2030.