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Company file · EVRG

Evergy

Evergy's revenue rose 2.0% in FY2025, to $6.0B, and net income fell 2.0% to $856M

Revenue rose 2.0% to $6.0B in FY2025, from $5.8B in FY2024. Net income fell 2.0% to $856M.

Key facts

Evergy (Nasdaq: EVRG) closed fiscal 2025 on Dec 31, 2025 with revenue of $6.0B, up 2.0% from a year before; net income came to $856M, down 2.0%. Its newest quarterly report covers the three months to Sep 30, 2026: revenue of $2.1B, up 15.8% on the same stretch of the prior year, and net income of $613M. Sources: 10-K for fiscal 2025 (filed Feb 19, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Nov 5, 2026).

Revenue$6.0BFY2025 · +2.0% vs FY2024
Net income$856MFY2025 · −2.0% vs FY2024
Operating cash flow$2.0BFY2025 · +3.1% vs FY2024
Cash & equivalents$19Mat Sep 30, 2026 · −5.6% vs FY2025 end
Total debt$15.0Bat Sep 30, 2026 · +1.7% vs FY2025 end
Diluted shares234MFY2025 avg · +1.3% vs FY2024
Revenue and net income, three fiscal yearsBy fiscal year, $bn
RevenueNet income
Revenue and net income by fiscal yearRevenue FY2023: $5.5B5.5Net income FY2023: $731M0.73FY2023Revenue FY2024: $5.8B5.8Net income FY2024: $874M0.87FY2024Revenue FY2025: $6.0B6.0Net income FY2025: $856M0.86FY2025Data: Ticker Sage, from SEC EDGAR · tickersage.com

Source: 10-K FY2025, filed Feb 19, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)
FY2025FY2026
Quarterly revenue, fiscal 2026 vs 2025FY2025 Q1: $1.4B1.4FY2026 Q1: $1.4B1.4Q1FY2025 Q3: $1.8B1.8FY2026 Q3: $2.1B2.1Q3Data: Ticker Sage, from SEC EDGAR · tickersage.com

Source: 10-Q filed May 7, 2026 · 10-Q filed Nov 5, 2026

How it makes money

Evergy reported revenue of $6.0B for FY2025, and net income of $856M.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 2026Q3 2025

Company

Revenue
$2.1B Q3 2026
$1.8B Q3 2025
15.8% increase
Net income
$613M Q3 2026
$475M Q3 2025
29.0% increase

Source: Evergy 10-Q for the quarter ended Sep 30, 2026, filed Nov 5, 2026

  • Cash & equivalents $19M at Sep 30, 2026, vs $20M at FY2025 end.
  • Total debt $15.0B at Sep 30, 2026, vs $14.8B at FY2025 end.
  • Operating cash flow, first 9 months of fiscal 2026: $1.7B vs $1.7B a year earlier.

The bull case and the bear case

The bull case

The bear case

  • Net income fell 2.0% in FY2025 to $856M, from $874M. 10-K, FY2025
  • Diluted shares rose 1.3% in FY2025, which spreads profit across more shares. 10-K, FY2025
  • Total debt rose 8.3% in FY2025 to $14.8B. 10-K, FY2025

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Evergy is in the electric utilities industry, part of the utilities sector. The SEC files it under Electric & Other Services Combined.

The full description of Evergy's business is in Item 1 of its 10-K, linked below. This page shows its revenue in total only, because its tagged data has no breakdown that adds up to total revenue.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the electric utilities industry. They are not a summary of Evergy’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

  1. Rates and regulatorsRegulators set much of what it can charge, so decisions can limit earnings.
  2. Capital spendingBuilding and upgrading networks needs large investment financed with debt.
  3. Weather and operationsStorms, wildfires and outages can cause costs and liability.
  4. Fuel and power costsFuel and purchased-power costs can change faster than rates.
  5. Interest ratesHigher borrowing costs raise the cost of funding projects.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$FY2023FY2024FY2025
Revenue$5.5B$5.8B$6.0B
Net income$731M$874M$856M
Operating cash flow$2.0B$2.0B$2.0B
Cash & equivalents (year end)$28M$22M$20M
Total debt (year end)$12.8B$13.7B$14.8B
Diluted shares230M231M234M
  • Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
  • Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
  • Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
  • Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
  • Total debt: Commercial paper and the current part of long-term debt plus long-term debt, at carrying value.
  • Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

    What we left out

    • Revenue by segment, product or region: the company's XBRL data has no breakdown that adds up to total revenue, so none is shown. The 10-K has its own segment note.

    Recent filings

    FormFiledPeriod
    10-QNov 5, 2026Sep 30, 2026
    10-QAug 6, 2026Jun 30, 2026
    10-QMay 7, 2026Mar 31, 2026
    DEF 14AMar 26, 2026May 5, 2026
    10-KFeb 19, 2026Dec 31, 2025

    Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

    Common questions about Evergy

    How does Evergy make money?

    Fiscal 2025 revenue: $6.0B. Evergy reported revenue of $6.0B for FY2025, and net income of $856M. Source: 10-K for fiscal 2025, filed Feb 19, 2026.

    What was Evergy's revenue in fiscal 2025?

    $6.0B, up 2.0% from fiscal 2024 ($5.8B). The year ended Dec 31, 2025; for fiscal 2023 the figure was $5.5B. Source: 10-K for fiscal 2025, filed Feb 19, 2026.

    Is Evergy profitable?

    Net income was $856M in fiscal 2025 (down 2.0%; fiscal 2024 was $874M). That counts as a GAAP profit. The latest quarter, ended Sep 30, 2026: net income was $613M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 19, 2026.

    What did Evergy report in its latest quarterly filing?

    For the three months to Sep 30, 2026: revenue $2.1B (up 15.8% from $1.8B) and net income $613M (up 29.0% from $475M). Source: 10-Q for the quarter ended Sep 30, 2026, filed Nov 5, 2026.

    How much cash and debt does Evergy have?

    As of Sep 30, 2026: $19M of cash and cash equivalents, $15.0B of total debt. Total debt here is commercial paper and the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Nov 5, 2026.

    What are the main risks Evergy faces?

    Evergy's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 19, 2026. Risks that are common among companies in the electric utilities industry include Rates and regulators; capital spending; weather and operations; fuel and power costs; interest rates. The first: Regulators set much of what it can charge, so decisions can limit earnings. Source: 10-K, Item 1A Risk Factors.

    Where do these Evergy numbers come from?

    The 10-K filed Feb 19, 2026 (fiscal 2025) and the 10-Q filed Nov 5, 2026 (quarter ended Sep 30, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.

    Tracked funds that report owning Evergy

    From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

    Disclosures

    Editor holdings in EVRG
    The editor holds no position in Evergy (EVRG). As of Nov 11, 2026.
    Trading rule
    The editor does not buy or sell EVRG from 3 days before to 3 days after this page is published or substantively updated.
    Compensation
    Nobody paid for this page. No affiliate links on this page.
    Sources
    The company's SEC filings, linked next to each number or, for charts, in the source line under them.
    Last updated
    Nov 10, 2026

    General education, the same for every reader. Not a recommendation to buy, sell or hold EVRG, and it doesn't consider your situation.

    Compare with peers

    CompanyFiscal yearRevenueRevenue growthNet income
    EvergyEVRGFY2025$6.0B+2.0%$856M
    Southern CompanySOFY2025$29.6B+10.6%$4.3B
    Duke EnergyDUKFY2025$31.7B+5.6%$5.0B
    Constellation EnergyCEGFY2025$25.5B+8.3%$2.3B
    American Electric PowerAEPFY2025$21.9B+10.9%$3.7B

    Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

    More company files

    New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.