1) Financial Performance Overview
- Adjusted earnings for Q2 2026 were $0.88 per share, up from $0.82 in Q2 2025. - Key drivers included load growth from large customers and recovery of regulated investments, offset by higher operations and maintenance costs. - Year-to-date weather-normalized demand grew 3.3%, with commercial demand up 4% and industrial demand up 6.2%. - The company reaffirmed its full-year adjusted EPS guidance of $4.14 to $4.34 per share.

2) Strategic Growth Initiatives
- Evergy is focused on expanding its customer base, particularly in the data center sector, with 5 executed ESAs totaling 3 gigawatts of steady-state peak load. - The company anticipates signing at least one more ESA in 2026, contributing to expected retail load growth of 7% to 8% through 2030. - The capital investment plan is set at $21.6 billion over the next five years, with an additional $1 billion expected for generation resources to support new customer agreements.

3) Operational Challenges and Resilience
- The company faced severe storms in June that impacted service but successfully restored power to over 300,000 customers. - Despite the operational challenges, Evergy's reliability metrics are performing well, reflecting the benefits of grid investments. - The company is committed to maintaining a strong safety performance, with 2026 metrics trending favorably.

4) Regulatory and Market Positioning
- Evergy is navigating regulatory processes in both Kansas and Missouri, with a focus on infrastructure investments and rate cases. - The company has filed for a predetermination application in Kansas and is working through a rate case in Missouri, which includes a $25 million reduction in the revenue requirement due to data center contributions. - Evergy's average residential rates are below national and Midwest averages, with expectations for rate increases to align with or be below inflation for most customers.

5) Outlook and Future Guidance
- The company expects adjusted EPS growth to exceed 8% annually starting in 2028, supported by ongoing customer demand and capital investments. - There is a strong pipeline of potential Tier 1 and Tier 2 customer agreements, which could further enhance growth beyond 2030. - The call did not provide specific details on the timing of additional ESA signings or the exact impact of regulatory outcomes on future earnings.

Bottom line: Evergy's solid Q2 performance, driven by strategic customer growth and effective operational management, positions the company well for continued earnings growth and infrastructure investment, making it an attractive prospect for shareholders looking for stability and long-term value.