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Research Alert: Evrg Q1 Beat On Large Customers & Regulated Recovery; Guidance Affirmed

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

EVRG delivered solid Q1 2026 results with adjusted EPS of $0.69, beating consensus by $0.08 and representing 25.5% growth despite weather headwinds. The utility demonstrated effective execution of its regulated investment recovery strategy and continued momentum in large customer development, benefiting from weather-normalized demand growth. The company's large customer strategy advanced with a fifth electric service agreement in Kansas Central territory, with the customer expected to begin service under the Large Load Power Service tariff in 2027. Management reaffirmed 2026 adjusted EPS guidance of $4.14-$4.34 and maintained long-term expectations for 6%-8% annual EPS growth through 2030. We believe the company's ability to deliver strong earnings growth despite weather challenges demonstrates the resilience of its regulated utility model. We expect annual adjusted EPS growth exceeding 8% beginning in 2028, reflecting confidence in the large customer pipeline and capital investment program.

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