5 Best Utility Stocks that Beat Earnings Estimates

3. Evergy, Inc. (NASDAQ:EVRG)

On May 7, 2026, Evergy, Inc. (NASDAQ:EVRG) reported Q1 adjusted EPS of 69c, ahead of the 61c consensus estimate. Chairman and CEO David Campbell said the company continued advancing its large customer strategy during the quarter and announced the signing of an electric service agreement for a major customer project within its Kansas Central service territory. Beginning in 2027, the customer is expected to take service under Evergy’s large load power service tariff, which management said is designed to ensure new large customers contribute their fair share toward existing and future system costs while supporting affordability for existing customers and broader economic growth.

Evergy, Inc. (NASDAQ:EVRG) maintained its FY26 adjusted EPS outlook of $4.14-$4.34, compared to consensus estimates of $4.24. Campbell added that first-quarter financial performance remained solid despite mild weather conditions and said the company continues to expect long-term adjusted EPS growth of 6% to 8% or more through 2030 based on the midpoint of 2026 guidance. He also said annual EPS growth is expected to exceed 8% beginning in 2028 through 2030.

Last month, BTIG initiated coverage of Evergy, Inc. (NASDAQ:EVRG) with a Buy rating and a $99 price target. The firm said the company has taken steps toward a stronger long-term growth profile after several years of more muted expansion. BTIG added that Evergy’s 6%-8% earnings growth outlook appears reasonable and could prove conservative if additional large-load opportunities materialize.

Evergy, Inc. (NASDAQ:EVRG), through its subsidiaries, generates, transmits, distributes, and sells electricity across the United States.