Zacks Investment Research·Jun 29, 2026
Can EVRG Gain From Rising Power Demand Through Grid Investments?Evergy's $21.6B grid plan targets rising power demand, with strong Q1 sales and large-load projects driving long-term growth.
Evergy, Inc.(EVRG)Earnings, Financials & Key Ratios
EVRG•NASDAQ•Utilities
$86.19
23.5× P/E·Price updated Jul 2, 2026
AboutEvergy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. The company has approximately 10,100 circuit miles of transmission lines; 39,800 circuit miles of overhead distribution lines; and 13,000 circuit miles of underground distribution lines. It serves approximately 1,620,400 customers, including residences, commercial firms, industrials, municipalities, and other electric utilities. Evergy, Inc. was incorporated in 2017 and is headquartered in Kansas City, Missouri.Show more
- Revenue$5.92B+1.7%
- EBITDA$2.71B+3.6%
- Net Income$856M-2.0%
- Free Cash Flow-$752M-113.0%
- EBITDA Margin45.77%+1.9%
- Net Margin14.45%-3.6%
- ROE8.45%-4.9%
- Interest Coverage2.46-6.0%
- Debt/Equity1.50+6.7%
EVRG Price & Volume
Evergy, Inc. (EVRG) stock price & volume — 10-year historical chart
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Aggressive Infrastructure Spending Drives Rate Base Growth
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Stable
Profitability:Moderate
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Regulatory and Liquidity Constraints
Key Thesis Takeaways
- Evergy is executing an aggressive capital deployment strategy, evidenced by net property, plant, and equipment growth to $26.8 billion, aimed at securing long-term rate base expansion.
- While industrial load growth from projects like the Panasonic plant supports a 5.5% revenue increase, the company faces significant liquidity constraints with cash reserves at just $18.4 million.
- Investors should monitor the sustainability of this model as the debt-to-equity ratio has climbed to 1.56, potentially pressuring future dividend coverage and financial flexibility.
Verdict Logic
while the company is successfully expanding its rate base, the combination of a 1.56 debt-to-equity ratio and minimal cash reserves of $18.4 million warrants caution regarding long-term liquidity.
EVRG Growth Metrics
Evergy, Inc. (EVRG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.18%
5 Years3.8%
3 Years0.34%
TTM2.38%
Profit CAGR
10 Years11.35%
5 Years6.71%
3 Years4.36%
TTM0.72%
EPS CAGR
10 Years5.76%
5 Years6.12%
3 Years3.83%
TTM-0.53%
Return on Capital
10 Years5.49%
5 Years5.06%
3 Years4.93%
Last Year4.94%
EVRG Recent Earnings
Evergy, Inc. (EVRG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.69+13.9%
$0.61
Rev
$1.4B+13.6%
$1.3B
Q1 2026
Feb 19, 2026Metric
Actual
Est
EPS
$0.42-23.8%
$0.55
Rev
$1.3B-6.1%
$1.4B
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$2.03-2.4%
$2.08
Rev
$1.8B-30.5%
$2.6B
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.82+5.7%
$0.78
Rev
$1.4B+8.4%
$1.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.69vs $0.61+13.9% | $1.4Bvs $1.3B+13.6% |
| Q1 2026 | Feb 19, 2026 | $0.42vs $0.55-23.8% | $1.3Bvs $1.4B-6.1% |
| Q4 2025 | Nov 6, 2025 | $2.03vs $2.08-2.4% | $1.8Bvs $2.6B-30.5% |
| Q3 2025 | Aug 7, 2025 | $0.82vs $0.78+5.7% | $1.4Bvs $1.3B+8.4% |
Based on last 12 quarters of dataView full earnings history →
Latest EVRG News
Recent stock market news and headlines for Evergy, Inc. (EVRG)
Zacks Investment Research·Jun 18, 2026
CMS VS EVRG: Which Electric Utility Stock Offers Better Return?CMS Energy and Evergy both benefit from rising power demand and infrastructure spending, but key metrics reveal notable differences.
Peers Comparison
Key metrics vs top competitors for Evergy, Inc. (EVRG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $86.19 | $19.87B | 23.55 | 1.65% | 14.45% | 8.45% | 3.05% | |
| $116.22 | $37.86B | 24.06 | 13.96% | 16.25% | 11.64% | — | |
| $48.28 | $9.96B | 20.81 | 9.21% | 14.03% | 9.47% | — | |
| $89.66 | $3.76B | 13.69 | -1.99% | 21.34% | 15.21% | — | |
| $71.45 | $4.39B | 24.30 | 6.38% | 10.21% | 5.8% | — | |
| $40.54 | $3.35B | 17.03 | 1.34% | 10.75% | 7.65% | — |
Compare EVRG vs Peers
Evergy, Inc. (EVRG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
EVRG SEC Filings & Documents
Evergy, Inc. (EVRG) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 7, 2026·SEC
Material company update
Mar 10, 2026·SEC
Material company update
Feb 19, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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EVRG Frequently Asked Questions
Evergy, Inc. (EVRG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Evergy, Inc.'s revenue?
Evergy, Inc. (EVRG) reported $5.99B in revenue for fiscal year 2025. This represents a 193% increase from $2.05B in 1996.
How fast is Evergy, Inc. growing?
Evergy, Inc. (EVRG) grew revenue by 1.7% over the past year. Growth has been modest.
Is EVRG profitable?
Yes, Evergy, Inc. (EVRG) is profitable, generating $882.1M in net income for fiscal year 2025 (14.5% net margin).
Dividend & Returns
Does EVRG pay dividends?
Yes, Evergy, Inc. (EVRG) pays a dividend with a yield of 3.05%. This makes it attractive for income-focused investors.
What is EVRG's return on equity?
Evergy, Inc. (EVRG) has a return on equity (ROE) of 8.4%. This is below average, suggesting room for improvement.
What is Evergy, Inc.'s free cash flow?
Evergy, Inc. (EVRG) had negative free cash flow of $1.10B in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Is EVRG's dividend sustainable?
Evergy, Inc. (EVRG) has a dividend payout ratio of 72%. The dividend is reasonably covered.