Evergy

Regulated revenue with multi‑year rate mechanisms supports visibility. Management’s 2026 guidance is 4.14 to 4.34 adjusted EPS and the plan targets 6 to 8 percent plus adjusted EPS growth through 2030, backed by signed ESAs and approved LLPS tariffs.

That said, weather, fuel, and timing of rate recovery can introduce noise, and 2025 results saw higher O&M, depreciation and interest and milder weather. We view the decade’s forecast as more predictable than typical given the locked‑in data center pipeline and rate constructs, but we discount for weather volatility and project execution risk.