Evergy, Inc. Q1 FY2026 earnings call

The leadership team is excited about the future at Evergy and committed to executing the business plan. There are signed ESAs with great counterparties providing good line - of - sight. Discussed capital updates, with equity funding at around 37% previously and a range of 40% - 50% going forward. Also mentioned regulatory aspects like progress in Missouri case settlements and rate trajectory in Missouri West, including infrastructure investment needs and sales growth expectations for Missouri West.

Confident of exceeding 8% in future years with ESAs, trending towards the described math. Announced confidence in signing at least one more ESA in 2026. Equity issuance plan is $700 to $900 million per year from 2026 to 2029 with no needs in 2030 as credit metrics strengthen. Reaffirmed the year's guidance.

Q: Nicholas Campanella asks about what offsets the growth trend and details on the gigawatts in the 2030 window and communication around equity in 2030.

A: Thanks for the question, confidence in exceeding 8% with ESAs, no breakout of customer piece but can sense customer size by load, for capital updates, equity funding was about 37% previously with a 40% - 50% range going forward, FFO to debt metrics have strengthened.

Q: Julian Dumoulin-Smith asks about latitude for six and onwards, capital intensity, and ATM/block funding.

A: Not every additional ESA has the same capital impact, confident of signing at least one more ESA in 2026, equity issuance plan unchanged at $700 - $900 million per year from 2026 - 2029 with no plans for block issuance in 2026.

Q: Andrew Cadavy asks about amended ESAs' load change and what drove the nine cents in other tailwind.

A: Peak demand from customers has gone up to 3000 megawatts from 2400, new ESA is main driver, COLI, incremental power marketing revenues, and lower ETR drove the nine cents.

Q: Michael Sullivan asks about Missouri case settlement potential, Missouri West filing timeline, and rate trajectory.

A: Working towards settlement in Missouri, Missouri West typically files a case back part of this year/early next year, Missouri West expects a little higher inflation over next five years but manageable long term.

Q: Paul Fremont asks about end date of 3000 megawatts for peak demand and change in end year.

A: Peak demand goes well into the 2030s, timeline for existing ESAs hasn't changed significantly, five ESAs start from 2026 - 2028 with some going into 2032