Evergy Signs Fifth Data-Center Power Deal, Reaffirms 2026 EPS Goals

Overview

• Evergy said it signed a fifth large-customer electric service agreement for a data center in its Kansas Central territory with an investment‑grade developer working with a hyperscaler under its Large Load Power Service tariff, with customer details confidential and further disclosure expected.
• The company reported it amended two earlier contracts after refining customers’ expected power needs, which it says will lift 2026 margins and help offset revenue lost to a mild winter.
• Adjusted earnings for the first quarter rose to $0.69 per share from $0.55 a year ago, driven by recovery of regulated investments, stronger weather‑normalized demand, and revenue from large‑load customers.
• Evergy reaffirmed its 2026 adjusted EPS guidance of $4.14 to $4.34 per share and kept a long‑term adjusted EPS growth goal of 6% to 8%+ through 2030, with growth expected to top 8% annually starting in 2028.
• Executives said the large‑load tariff requires premium rates and minimum monthly bills for big users, which can ease pressure on other customers and give the utility clearer, longer‑term cash‑flow visibility.