Evergy Inc. (NASDAQ: EVRG) reported fourth-quarter earnings of 42 cents per share, missing Wall Street's expectations by 26.3% while announcing a lower-than-expected 2026 EPS guidance of $4.14 to $4.34. Despite revenues of $1.34 billion surpassing estimates, the disappointing earnings have prompted analysts to adjust their ratings and price targets, contributing to a Zacks Rank of #4 (Sell). As the company embarks on a $21.6 billion capital investment plan through 2030, it faces a significant equity issuance need of $3.3 billion, raising concerns about its long-term financial stability.