Evergy, Inc. · NASDAQ:EVRG
Evergy — Q2 2026 Earnings Presentation
22 slides from Evergy's earnings presentation, Aug 6, 2026
Slide 1: Second Quarter 2026 Earnings Call
Second Quarter 2026 Earnings Call August 6, 2026
Slide 2: Important Information
Important Information Forward Looking Statements Statements made in this document that are not based on historical facts are forward-looking, may involve risks and uncertainties, and are intended to be as of the date when made. Forward-looking statements include, but are not limited to, statements r
Slide 3: Agenda
Agenda David Campbell, Chairman & CEO • Second quarter highlights • Economic development update • Resource additions • Regulatory update Bryan Buckler, EVP & CFO • Second quarter results • Retail sales trends • 2026 and long-term outlook 3 Second Quarter 2026 Earnings Presentation
Slide 4: Business Update
Business Update David Campbell Chairman & CEO
Slide 5: Second Quarter Highlights
Second Quarter Highlights • Second Quarter 2026 EPS Adjusted EPS1 • GAAP: $0.91; Adjusted1: $0.88 $1.57 • Primary Earnings Drivers vs Q2 2025 $0.88 $1.37 ↑ Recovery of regulated investments, load growth, $0.82 large customer revenues ↓ O&M, D&A • Solid operational execution with safety, reliability,
Slide 6: Data Center Announcements
Data Center Announcements • Progressing with potential project expansions and expect to execute at least one more ESA in 2026; will provide update on 3Q 2026 earnings call • All ESAs under LLPS tariffs; aggregate steady-state peak load of ~2.5 GW; total of ~3.0 GW inclusive of large non-LLPS custome
Slide 7: Converting Robust Large Load Customer Pipeline To ESAs
Converting Robust Large Load Customer Pipeline To ESAs Peak GW Pipeline Category Commentary Potential Tier 1 • Includes projects already in operation progressing toward a steady-state of ~1.3 GW Active Operations ~3.0 • Includes ~1.7 GW of additional announced projects with executed ESAs under LLPS
Slide 8: Resource Additions Enabling Generational Load Growth
Resource Additions Enabling Generational Load Growth • Resource additions below are reflective of the filed 2026 IRPs and would result in an incremental ~$1 billion of investment compared to the February 2026 five-year $21.6 billion capital plan Operating Company Resource Type MW COD Resource Additi
Slide 9: Regulatory Updates
Regulatory Updates • Natural Gas, Solar & Battery Storage Predetermination (23-EKCE-775-RTS): notice filed July 1, application expected in Q3 • Integrated Resource Plan (24-EKCE-387-CPL): update filed June 24 • Missouri Metro Rate Case (ER-2026-0143): rebuttal testimony August 11, surrebuttal and tr
Slide 10: Core Tenets Of Evergy Strategy
Core Tenets Of Evergy Strategy Affordability: Maintaining Affordability affordable rates while investing in infrastructure to support growth and prosperity Reliability: Targeting top-tier performance in reliability, customer service and generation Reliability Sustainability Sustainability: Adv
Slide 11: Financial Update
Financial Update Bryan Buckler EVP & CFO
Slide 12: Second Quarter 2026 Adjusted EPS
Second Quarter 2026 Adjusted EPS1 Adjusted EPS1 Drivers 0.10 (0.08) (0.06) $0.88 $0.82 0.10 Increase in large customer revenues; favorable weather vs. Q2 2025 (normal weather in Q2 2026) 2Q25 Demand Growth Recovery of Regulated O&M, D&A, Interest Other 2Q26 Investments and Expense & AFUDC Expenses 1
Slide 13: Retail Sales Trends
Retail Sales Trends YTD Weather-Normalized Retail Sales Growth • Total Retail demand growth remains on target for Compared to prior year1 the year • Commercial demand growth supported by data 6.2% center project ramps 4.0% Total Retail • Industrial demand growth driven primarily by 0.9% 3.3% Panason
Slide 14: Large Load Growth Profile
Large Load Growth Profile • Approval of LLPS tariffs, execution on transmission and generation capacity planning, and strong collaboration with customers and local stakeholders enabled signing ESAs for five projects in 2026 Not reflected below are potential additional customer ESAs; Customer Jurisdi
Slide 15: Growth Outlook Summary
Growth Outlook Summary Financial Tailwinds 1 Additional ESAs driven by high demand from existing Load Growth ~7-8% CAGR and new customers would extend load growth with through 2030E highest impact in the 2030s 2 2026 IRP addresses ~3.0 GW of large load and adds Capital Expenditures $21.6B incrementa
Slide 16: Q&A
Q&A 16 Second Quarter 2026 Earnings Presentation
Slide 17: Appendix
Appendix
Slide 18: 2026E – 2030E Financing Plan
2026E – 2030E Financing Plan Credit metrics outlook bolstered in Q1 from the signing of 5th ESA and positive amendments to two Sources & Uses previously announced ESAs. 2026E-2028E FFO/Debt estimate of 14-15% and continuing to strengthen in 2029 & 2030 ($ billions) $21.6 $3.3 Expect to issue $700-$9
Slide 19: Electric Load Growth Potential
Electric Load Growth Potential Weather-Normalized Retail Demand Weather-Normalized Retail Demand CAGRs 2025A-2030E 2025A-2030E ~10-11% ~7-8% CAGR 2025A-2030E ~7-8% ~7-8% (up from previous estimate of 6%) ~6-7% 2025A 2026E 2027E 2028E 2029E 2030E KS Central Metro MO West Evergy Annual Increase +3-4%
Slide 20: Q2 2026 GAAP To Non-GAAP EPS Reconciliation
Q2 2026 GAAP To Non-GAAP EPS Reconciliation 20 Second Quarter 2026 Earnings Presentation
Slide 21: YTD 2026 GAAP To Non-GAAP EPS Reconciliation
YTD 2026 GAAP To Non-GAAP EPS Reconciliation 21 Second Quarter 2026 Earnings Presentation
Slide 22: Presentation Footnotes & Acronyms
Presentation Footnotes & Acronyms • Slide 5: 1Adjusted EPS is a non-GAAP financial measure. See appendix for reconciliation to most comparable GAAP information. 2Adjusted EPS (non-GAAP) could differ from GAAP EPS for items such as impairments, divestitures, mark-to-market impacts, the impact of regu