Evergy (EVRG)

Utilities · $20.7B market cap · SEC CIK 0001711269

Next reports on Feb 17, 2027, after the close, with analysts expecting $0.41 in earnings per share.

52-week range $71.41 to $89.66. 1% below its 52-week high and 24% above its low.

The case for EVRG

• Pays a 5.1% dividend while you wait.
• Reasonably priced for its growth: 19.4× earnings, where 8%+ a year of growth plus a 5.1% dividend would justify about 28×.
• Has compounded revenue at 76.4% a year over five years.
• Moves less than the market (beta 0.45).
• Within 1% of its 52-week high: the trend is up.

The case against

• Burned $752M of free cash in FY2025.
• Revenue fell 42.6% year over year.
• Long-term debt of $13.0B would take 6 years of operating cash flow to repay.
• Operating profit covers its interest bill only 2.4 times.
• Priced at 15.2× sales with revenue falling 42.6%.
• Current liabilities exceed current assets (ratio 0.49).

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Utilities companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Each factor except momentum is half fixed thresholds, half rank among the 31 Utilities companies.

The financials

The financials, five years deep

Pulled from Evergy's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Evergy says it does

Evergy, Inc., Evergy Kansas Central, Inc. and Evergy Metro, Inc. are separate registrants filing this combined annual report on Form 10-K. The terms "Evergy," "Evergy Kansas Central," "Evergy Metro" and "Evergy Companies" are used throughout this report. "Evergy" refers to Evergy, Inc. and its consolidated subsidiaries, unless otherwise indicated. "Evergy Kansas Central" refers to Evergy Kansas Central, Inc. and its consolidated subsidiaries, unless otherwise indicated. "Evergy Metro" refers to Evergy Metro, Inc. and its consolidated subsidiaries, unless otherwise indicated. "Evergy Companies" refers to Evergy, Evergy Kansas Central, and Evergy Metro, collectively, which are individual registrants within the Evergy consolidated group. Information in other Items of this report as to which reference is made in this Item 1 is hereby incorporated by reference in this Item 1. The use of terms such as "see" or "refer to" shall be deemed to…

Risk factors EVRG lists in its 10-K

• Prices are established by regulators and may not be sufficient to recover costs or provide for a return on investment
• Legislative and regulatory requirements may increase costs and result in compliance penalties
• Evergy’s business and capital investment plans depend, in part, on the viability of data centers and large load customers interconnecting with Evergy’s utility subsidiaries
• Financial market volatility or declines in the Evergy Companies' credit ratings may increase financing costs and limit access to the credit markets, which may adversely affect liquidity and financial results
• Evergy is a holding company and relies on the earnings of its subsidiaries to meet its financial obligations
• Supply chain disruptions, tariffs and inflation could negatively impact the Evergy Companies' operations and corporate strategy
• Public health crises, epidemics, or pandemics could adversely affect the Evergy Companies' business functions, financial position, liquidity, and results of operations
• Increasing costs associated with defined benefit retirement and postretirement plans, health care plans and other employee benefits could adversely affect Evergy's financial position and liquidity
• The Evergy Companies are subject to commodity and other risks associated with energy markets
• Tax legislation and an inability to utilize tax credits could adversely impact results of operations, financial position and liquidity
• The anticipated benefits of the Evergy Companies' strategy may not be realized
• The price of Evergy common stock may experience volatility
• Evergy has recorded goodwill that could become impaired and adversely affect financial results
• Customer and Weather-Related Risks
• Evergy is subject to wildfire risk
• Changes in electricity consumption could have a material adverse effect on Evergy's results of operations, financial position and cash flows
• Weather is a major driver of the results of operations, financial position and cash flows of the Evergy Companies and the Evergy Companies are subject to risks associated with climate change
• The Evergy Companies are exposed to risks associated with the ownership and operation of a nuclear generating unit, which could adversely impact the Evergy Companies' business and financial results
• Operational risks may adversely affect the Evergy Companies
• Artificial intelligence (AI) is an emerging area of technology that has the potential to impact various aspects of the Evergy Companies' business operations and customer interactions
• The cost and schedule of capital projects, including the construction of new natural gas and renewable generating facilities, may materially change and expected performance may not be achieved
• The structure of the regional power market in which the Evergy Companies operate could have an adverse effect on their results of operations, financial position and cash flows
• The outcome of legal proceedings cannot be predicted. An adverse finding could have a material adverse effect on the Evergy Companies' results of operations, financial position and cash flows
• Environmental, Social and Governance Risks
• The Evergy Companies are subject to risks relating to environmental, social and governance (ESG) matters that could adversely affect their reputation, business, financial position and results of operations

Filings

Other Utilities companies