Evergy, Inc.
evergy.comWhat Do They Do?
Generates, transmits, distributes and sells electricity to residential, commercial and industrial customers in Kansas and Missouri.
10-K for FY2025, filed Feb 19, 2026Evergy Kansas Central, Evergy Kansas South, Evergy Metro and Evergy Missouri West conduct business in their respective service territories…View ↗
How Do They Make Money?
Retail customers pay monthly for electricity based on usage at approved rates. Wholesale power buyers are billed weekly in the regional market or monthly under contracts, and the regional power pool pays for access to transmission networks at rates updated annually.
10-K for FY2025, filed Feb 19, 2026The Evergy Companies' retail revenues are generated by the regulated sale of electricity to their residential, commercial and industrial…View ↗
The Evergy Companies' wholesale revenues are generated by the sale of wholesale power and capacity in circumstances when the power that the…View ↗
Wholesale sales within the SPP Integrated Marketplace are billed weekly based on the fixed transaction price determined by the market at…View ↗
The Evergy Companies' transmission revenues are generated by the use of their transmission networks by the SPP. To enable optimal use of…View ↗
$6B
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10-K for FY2025, filed Feb 19, 2026
$6B ↗
Who Are Their Customers?
Evergy bills residential, commercial and industrial customers directly for electricity in its regulated territories. Wholesale buyers include electric cooperatives, municipalities and other utilities; the regional power pool pays to use its transmission networks.
10-K for FY2025, filed Feb 19, 2026The Evergy Companies' retail revenues are generated by the regulated sale of electricity to their residential, commercial and industrial…View ↗
The Evergy Companies' wholesale revenues are generated by the sale of wholesale power and capacity in circumstances when the power that the…View ↗
The Evergy Companies' transmission revenues are generated by the use of their transmission networks by the SPP. To enable optimal use of…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$751.7M.
10-K for FY2025, filed Feb 19, 2026
$1.5BView ↗
10-K for FY2025, filed Feb 19, 2026
$855.6MView ↗
10-K for FY2025, filed Feb 19, 2026
−$751.7MView ↗
How Are They Changing?
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Aug 6, 2026
Reaffirms 2026 adjusted earnings-per-share guidance
It reaffirmed adjusted earnings-per-share guidance of $4.14 to $4.34 for 2026.
Sources
8-K, filed Aug 6, 2026
Reaffirms 2026 Adjusted (non-GAAP) EPS guidance of $4.14 to $4.34View ↗
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May 7, 2026
Signs electric service agreement for a large-customer project
The Kansas Central project is expected to begin service in 2027 under its tariff for large customers.
Sources
8-K, filed May 7, 2026
“We continued to advance our large customer strategy in the first quarter and are pleased to announce the signing of an electric service…View ↗
Flat. Revenue was $6B in FY2025, about the same as the $5.6B of FY2021.
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