Income StatementBalance SheetCash FlowSegments
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Evergy Income Statement

Revenue, expenses, and profitability over time

Evergy generated $6.0B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $882.1M with a 14.63% net margin. Diluted EPS is $3.76, which declined 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$6.0BOperating Income (TTM)$1.6BNet Income (TTM)$882.1MEps Diluted (TTM)$3.76
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$19.1B
P/E Ratio21.65
ROE8.78%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Capital Expenditures$514.2M$592.8M$627.3M$712.3M$864.5M$851.9M
Change in Accounts Receivable-$111.0M-$41.6M$179.2M-$41.5M-$116.0M-$3.9M
Common Stock Issued for Business Acquisition$0.0$0.0$2.6M$2.6M$2.6M$2.5M
Common Stock Dividends Per Share$0.7$0.7$0.7$0.7$0.7$0.7
Comprehensive Income Including Noncontrolling Interest$83.1M$129.5M$175.7M$479.2M$89.3M$156.0M
OCI Attributable to Noncontrolling Interest$3.1M$3.1M$3.1M$3.0M$3.1M$3.1M
Dividends per share declared$0.7$0.7$0.7$0.7$0.7$0.7
OCI - Cash flow hedge, net of tax$1.3M$1.4M$1.4M$1.2M$1.9M$1.4M
Other comprehensive income (loss), net of tax$1.3M$1.4M$1.4M$1.2M$1.9M$1.4M
Comprehensive Income Attributable to Parent$83.1M$129.5M$175.7M$479.2M$89.3M$156.0M
OCI Net Actuarial Gain (Loss)$175.0K$50.0K$50.0K$50.0K$50.0K—
Change in Prepaid Expenses and Other Assets-$10.4M$31.9M-$46.9M-$3.2M$36.4M$39.3M
Net Change in Cash and Restricted Cash—$22.3M-$17.2M$8.6M-$16.6M$6.6M
OCI Defined Benefit Plan Actuarial Gain (Loss)$175.0K$50.0K$50.0K$50.0K$50.0K—
ROU Asset Obtained - Finance Lease$4.6M$10.4M$11.4M$4.8M$30.1M$7.8M
ROU Asset Obtained - Operating Lease$3.1M$4.9M$8.0M$3.0M$5.8M$8.8M
OCI Cash Flow Hedge Gain (Loss)$1.3M$1.4M$1.4M$1.2M$1.9M$1.4M
OCI Pension Unamortized Gain (Loss) Arising Before Tax$175.0K$50.0K$50.0K$50.0K$50.0K—
Comprehensive Income Including Noncontrolling Interest$83.1M$129.5M$175.7M$479.2M$89.3M$156.0M
Unrealized Gains (Losses) on Hedge Instruments$1.3M$1.4M$1.4M$1.2M$1.9M$1.4M
Number of reportable segments—1.00———1.00
Other comprehensive income (loss), after-tax$1.8M$1.4M$1.3M$1.2M$1.9M$1.4M
Other investing activities, net-$28.6M-$2.3M$5.2M$900.0K-$65.2M-$2.8M
Dividends per share declared$0.7$0.7$0.7$0.7$0.7$0.7
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Income Taxes Paid, Net$19.9M$4.0M$300.0K$1.9M$0.0$0.0
Interest Paid, Net$176.9M$97.0M$192.8M$110.3M$186.6M$119.3M
OCI - Cash Flow Hedges, Net of Tax$1.3M$1.4M$1.4M$1.2M$1.9M$1.4M
Comprehensive income (loss), including noncontrolling interest$83.1M$129.5M$175.7M$479.2M$89.3M$156.0M
Conversion obligation of convertible notes—————-$56.9M
Share-based compensation expense related to employee stock plans$3.7M$4.5M$6.8M$5.3M$4.1M$5.6M
AFUDC equity$6.2M$2.5M$3.4M$4.2M$12.8M$10.4M
Pre-tax stock-based compensation cost$3.8M$5.2M$5.2M$5.2M$5.2M—
AFUDC borrowed funds$10.5M$9.2M$9.2M$9.2M$9.2M—
Accounts Receivable, Allowance for Credit Loss, Recovery$3.4M$2.9M$2.7M$3.1M$2.9M$3.1M
Accounts Receivable, Allowance for Credit Loss, Writeoff$8.4M$7.7M$6.0M$9.7M$9.0M$7.5M
Amortization of corporate-owned life insurance$5.1M$6.6M$6.7M$7.3M$6.0M$8.2M
Amortization of deferred refueling outage$3.9M$4.2M$4.2M$4.1M$0.0$9.8M
AmortizationOfFederalExcessDeferredIncomeTaxesAmount$15.0M$15.3M$15.3M$15.3M$15.3M—
AmortizationOfFederalExcessDeferredIncomeTaxesPercent1.6%1.7%1.7%1.7%1.7%—
Amortization of Nuclear fuel$16.4M$16.2M$16.2M$14.4M$8.4M$16.7M
AmortizationOfStateExcessDeferredIncomeTaxesAmount$6.8M$6.8M$6.8M$6.8M$6.8M—
AmortizationOfStateExcessDeferredIncomeTaxesPercent0.8%0.8%0.8%0.8%0.8%—
Dividends declared (in dollars per share)$0.7$0.7$0.7$0.7$0.7$0.7
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$80.0M$126.4M$172.6M$476.2M$86.2M$152.9M
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest$83.1M$129.5M$175.7M$479.2M$89.3M$156.0M
Corporate-owned life insurance policy benefit$100.0K$1.3M$6.5M$0.0$100.0K$7.7M
Deferred and other income taxes-$32.8M-$8.9M-$2.2M$64.4M—-$9.5M
Depreciation$241.5M$236.1M$236.1M$236.1M$236.1M—
Dividends, Common Stock, Cash$153.5M$153.6M$153.6M$153.6M$160.0M$160.2M
Dividend, Share-Based Payment Arrangement$100.0K-$300.0K$500.0K$700.0K$600.0K$1.5M
Effective tax rates—$0.1$0.1$0.1—$0.0
EffectiveIncomeTaxRateReconciliationEffectOfRegulatoryTreatmentBookTaxDifferencesPercentages-0.1%-0.0%-0.0%-0.0%-0.0%—
Other-$0.0-$0.0-$0.0-$0.0-$0.0—
Effective Income Tax Rate Reconciliation, Tax Credit, Energy-Related, Amount$15.0M$14.4M$14.4M$14.4M$14.4M—
Effective Income Tax Rate Reconciliation, Tax Credit, Energy-Related, Percent1.6%1.6%1.6%1.6%1.6%—
EffectiveIncometaxRateReconciliationEffectOfRegulatoryTreatmentBookTaxDifferencesAmount-$1.3M-$250.0K-$250.0K-$250.0K-$250.0K—
Share-Based Payment Arrangement, Expense, Tax Benefit$475.0K$475.0K$475.0K$475.0K$475.0K—
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss$0.0-$17.1M$67.3M$56.3M—-$25.5M
GainsLossesFromInvestmentsInEarlyStageCleanEnergyAndEnergySolutionCompanies$0.0-$3.6M-$25.4M$0.0-$19.7M$200.0K
Income From Corporate Owned Life Insurance$500.0K$1.3M$6.6M$400.0K$300.0K$8.0M
Federal taxes$7.8M$1.5M$1.5M$1.5M$1.5M—
State taxes$1.8M$50.0K$50.0K$50.0K$50.0K—
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount$48.1M$47.1M$47.1M$47.1M$47.1M—
Impact of corporate owned life insurance policies-$3.0M-$2.7M-$2.7M-$2.7M-$2.7M—
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount-$825.0K-$725.0K-$725.0K-$725.0K-$725.0K—
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount-$750.0K-$1.1M-$1.1M-$1.1M-$1.1M—
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount$1.8M$3.0M$3.0M$3.0M$3.0M—
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Amount$1.4M$1.3M$1.3M$1.3M$1.3M—
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount$1.0M$550.0K$550.0K$550.0K$550.0K—
Income Taxes Paid, Net$19.9M$4.0M$300.0K$1.9M$0.0$0.0
Accounts payable$170.0M-$155.3M-$14.2M-$14.9M—-$191.8M
Increase (Decrease) in Accounts Receivable-$111.0M-$41.6M$179.2M-$41.5M-$116.0M-$3.9M
Increase (Decrease) in Allowance for Equity Funds Used During Construction$6.2M$2.5M$3.4M$4.2M$12.8M$10.4M
Increase (Decrease) In Energy Related Inventory$48.4M$200.0K-$22.1M-$28.8M—$24.6M
Increase (decrease) in other current liabilities-$11.0M$60.6M-$76.7M$94.5M-$127.9M$25.2M
Increase (decrease) in all other liabilities-$38.7M-$35.5M-$33.5M-$28.2M-$7.2M-$8.3M
Increase (Decrease) in Other Operating Assets-$8.3M-$19.6M-$500.0K$31.0M$700.0K$8.7M
Increase (Decrease) in Prepaid Expense and Other Assets-$10.4M$31.9M-$46.9M-$3.2M$36.4M$39.3M
Add - Incremental shares associated with contingently issuable shares (in shares)01.3M—3M500K4.2M
Interest Paid, Excluding Capitalized Interest, Operating Activity$176.9M$97.0M$192.8M$110.3M$186.6M$119.3M
Losses on induced conversion of convertible notes—$0.0———$10.3M
Maximum Per MWh Gross Receipts Nuclear PTC Requirement$10.9$10.9$10.9$10.9$10.9—
Minimum Per MWh Gross Receipts Nuclear PTC Requirement$6.3$6.3$6.3$6.3$6.3—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$49.1M$171.6M$295.4M—$317.5M$400.7M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$471.5M-$598.9M-$636.5M-$666.6M-$668.1M-$756.6M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$395.6M$449.6M$323.9M$937.7M$334.0M$362.5M
Net Income Loss Attributable To Noncontrolling Interest$3.1M$3.1M$3.1M$3.0M$3.1M$3.1M
Property, plant and equipment additions$98.8M$91.0M$62.5M$0.0$179.6M$210.0M
Non Service Cost Component Of Net Benefit Cost$3.8M$3.1M$1.9M$3.3M$1.3M$2.0M
Number of customers served—1700000.00———1700000.00
Number of reportable segments—$1.0———$1.0
Unrealized gains (losses) on hedge instruments$1.3M$1.4M$1.4M$1.2M$1.9M$1.4M
Other comprehensive income (loss)$1.8M$1.4M$1.3M$1.2M$1.9M$1.4M
Other income$600.0K$600.0K$800.0K$600.0K$1.8M$700.0K
Other Noncash Income (Expense)-$400.0K-$300.0K-$500.0K-$300.0K-$400.0K-$300.0K
Other expense-$1.3M-$600.0K-$2.2M-$1.2M-$1.2M-$400.0K
OtherNonoperatingIncomeExpenseWolfCreekCOLI$4.6M$5.8M$4.7M$6.4M$5.3M$6.3M
Payments For Asset Retirement Obligations$3.2M$3.5M$2.3M$4.9M$2.6M$600.0K
Payment for (Proceeds from) Other Investing Activity-$28.6M-$2.3M$5.2M$900.0K-$65.2M-$2.8M
Payments of Dividends$153.5M$153.6M$151.0M$151.1M$157.4M$157.6M
Payment to Acquire Life Insurance Policy, Investing Activities$600.0K$4.2M$10.6M$0.0$500.0K$1.9M
Payments to Acquire Property, Plant, and Equipment$514.2M$592.8M$627.3M$712.3M$864.5M$851.9M
Payments to Acquire Investments to be Held in Decommissioning Trust Fund$96.8M$26.8M$44.0M$13.0M$251.8M$29.6M
MWh Amount of Nuclear PTC$3.8$3.8$3.8$3.8$3.8—
PISA deferral percentage22.5%21.3%21.3%21.3%21.3%—
Proceeds from refundable advances for construction$0.0$0.0———$6.8M
Borrowings against cash surrender value of corporate-owned life insurance$1.4M$700.0K$45.4M$1.1M$1.3M$700.0K
Contributions in aid of construction$0.0$0.0———$48.8M
Proceeds from Decommissioning Trust Fund Assets$63.9M$21.9M$46.1M$11.1M$213.2M$25.6M
Proceeds from Issuance of Common Stock$0.0$0.0$400.0K$400.0K$300.0K$400.0K
Debt issued (Note 13)$494.4M$594.2M$0.0$419.3M$674.8M$348.0M
Proceeds from Life Insurance Policy$47.6M$700.0K$4.5M$48.5M$300.0K$49.6M
Financing — other-$3.0M-$5.7M-$3.9M-$3.8M-$8.1M-$14.5M
Proceeds from (Repayments of) Short-Term Debt—-$264.0M$479.6M—$163.3M$66.3M
Proceeds from term loan facility$0.0$0.0———$555.0M
Net additions (releases) charged to costs and expenses$6.8M$300.0K$4.8M$5.4M$9.9M$200.0K
Allowance for Funds Used During Construction, Equity$4.9M$5.7M$5.7M$5.7M$5.7M—
Public Utilities, Allowance for Funds Used During Construction, Additions$15.4M$15.0M$15.0M$15.0M$15.0M—
Composite depreciation rate for regulated property, plant and equipment0.8%0.8%0.8%0.8%0.8%—
Repayment of term loan facility$0.0$0.0———$55.0M
Repayments Of Borrowings Against Corporate Owned Life Insurance$39.5M$0.0$3.3M$40.5M$0.0$39.9M
Repayments of Long-Term Debt$11.5M$0.0$8.0M$409.4M$333.7M$309.5M
Revenue From Contract With Customer Excluding Assessed Tax$1.2B$1.3B$1.4B$1.8B$1.3B$1.4B
Revenue from contracts outside the scope of ASC Topic 606—$80.0M———$93.2M
Right Of Use Asset Obtained In Exchange For Finance Lease Liability$4.6M$10.4M$11.4M$4.8M$30.1M$7.8M
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$3.1M$4.9M$8.0M$3.0M$5.8M$8.8M
Stock-based compensation$3.7M$4.5M$6.8M$5.3M$4.1M$5.6M
Risk-free interest rates, high end of range (as a percent)1.1%1.0%1.0%1.0%1.0%—
Volatilities, high end of range (as a percent)5.3%5.3%5.3%5.3%5.3%—
Stock Issued During Period, Value, Dividend Reinvestment Plan And Share-Based Compensation Net$300.0K$2.3M$0.0$100.0K$700.0K$7.6M
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment——$3.0M$2.9M—$2.9M
Stockholders' Equity, Other-$100.0K-$300.0K$100.0K-$300.0K-$200.0K-$100.0K
Taxes other than income taxes and other – net$109.3M$111.1M$104.4M$104.5M$100.1M$107.2M
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount-$2.0M-$75.0K-$75.0K-$75.0K-$75.0K—
Add: dilutive effect of potential common shares (in shares)$100.0K$1.7M$2.3M$3.6M$500.0K$4.9M
Comprehensive Income (Loss), Total$83.1M$129.5M$175.7M$479.2M$89.3M$156.0M
OCI Benefit Plans Actuarial Gain (Loss), Before Tax$175.0K$50.0K$50.0K$50.0K$50.0K—
Recognition of Net Gains/Losses on Benefit Obligations, Net of Taxes$150.0K$25.0K$25.0K$25.0K$25.0K—
Recognition of Net Gains/Losses on Benefit Obligations, Tax Provision$25.0K$25.0K$25.0K$25.0K$25.0K—
Cash Flow Hedge Reclassification, After Tax-$1.3M-$1.4M-$1.4M-$1.2M-$1.4M-$1.4M
Comprehensive Income, Including Noncontrolling Interest$83.1M$129.5M$175.7M$479.2M$89.3M$156.0M
Amortization of Actuarial Gain, Net of Tax$150.0K$25.0K$25.0K$25.0K$25.0K—
Other Comprehensive Income (Loss)$80.0M$126.4M$172.6M$476.2M$86.2M$152.9M
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Comprehensive Income Including Noncontrolling Interest$83.1M$129.5M$175.7M$479.2M$89.3M$156.0M
Total Comprehensive Income$83.1M$129.5M$175.7M$479.2M$89.3M$156.0M
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
OCI Pension Unamortized Gain (Loss), Pre-tax$175.0K$50.0K$50.0K$50.0K$50.0K—
Cash Dividends Paid$153.5M$153.6M$151.0M$151.1M$157.4M$157.6M
Comprehensive Income$83.1M$129.5M$175.7M$479.2M$89.3M$156.0M
Stockholders' Equity, Other-$100.0K-$300.0K$100.0K-$300.0K-$200.0K-$100.0K

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Weighted Average Diluted Shares Adjustment$100.0K$1.7M$2.3M$3.6M$500.0K$4.9M
Common Stock Dividends Per Share (Declared)$0.7$0.7$0.7$0.7$0.7$0.7
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Basic earnings per share$0.34$0.54$0.74$2.06$0.36$0.66
Diluted earnings per share$0.34$0.54$0.74$2.03$0.35$0.64
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Common stock dividends per share declared$0.7$0.7$0.7$0.7$0.7$0.7
Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Dividends per share declared$0.7$0.7$0.7$0.7$0.7$0.7
Weighted Average Diluted Shares Adjustment$100.0K$1.7M$2.3M$3.6M$500.0K$4.9M
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Dividends per share declared$0.7$0.7$0.7$0.7$0.7$0.7
Dividends per share declared$0.7$0.7$0.7$0.7$0.7$0.7
Dividends per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Dividends per share declared$0.67$0.67$0.67$0.67$0.69$0.69
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Common stock dividends per share declared$0.7$0.7$0.7$0.7$0.7$0.7
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Common Stock Dividends Per Share Declared$0.7$0.7$0.7$0.7$0.7$0.7
Common stock dividends per share declared$0.7$0.7$0.7$0.7$0.7$0.7
Weighted average number diluted shares outstanding adjustment$100.0K$1.7M$2.3M$3.6M$500.0K$4.9M
Weighted-average shares, basic—230.4M230.4M230.5M100K230.7M
Weighted-average shares, diluted100K232.1M232.7M234.1M600K235.6M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$3.7M$4.5M$6.8M$5.3M$4.1M$5.6M
Total stock-based compensation$3.8M$5.2M$5.2M$5.2M$5.2M—
Share-Based Compensation Expense$3.7M$4.5M$6.8M$5.3M$4.1M$5.6M
Defined Contribution Plan Cost$6.5M$7.4M$7.4M$7.4M$7.4M—
Stock-Based Compensation Expense (Pre-tax)$3.8M$5.2M$5.2M$5.2M$5.2M—
Compensation and benefits$3.7M$4.5M$6.8M$5.3M$4.1M$5.6M
Depreciation and amortization$275.5M$288.1M$288.4M$290.3M$296.1M$305.3M
Allocated Share-Based Compensation Expense$3.8M$5.2M$5.2M$5.2M$5.2M—
Defined Contribution Plan Cost$6.5M$7.4M$7.4M$7.4M$7.4M—
Defined Contribution Plan Cost$6.5M$7.4M$7.4M$7.4M$7.4M—
Share-Based Compensation (Operating)$3.8M$5.2M$5.2M$5.2M$5.2M—
Bad Debt Expense$8.4M$7.7M$6.0M$9.7M$9.0M$7.5M
Share-Based Compensation Expense Before Income Taxes$3.8M$5.2M$5.2M$5.2M$5.2M—
Stock-based compensation expense$3.7M$4.5M$6.8M$5.3M$4.1M$5.6M
Defined Contribution Plan Expense$6.5M$7.4M$7.4M$7.4M$7.4M—
Taxes other than income taxes$109.3M$111.1M$104.4M$104.5M$100.1M$107.2M
Fuel and purchased power$310.8M$355.3M$330.4M$393.1M$333.6M$360.0M
SPP network transmission costs$98.5M$96.4M$114.9M$110.7M$116.0M$109.6M
Other operations and maintenance$241.1M$232.0M$255.1M$252.8M$255.4M$243.2M
Provision for credit losses$6.8M$300.0K$4.8M$5.4M$9.9M$200.0K
Share-Based Compensation$3.7M$4.5M$6.8M$5.3M$4.1M$5.6M
Total operating expenses$1.0B$1.1B$1.1B$1.2B$1.1B$1.1B
Stock-Based Compensation (Before Tax)$3.8M$5.2M$5.2M$5.2M$5.2M—

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Derivative instruments gain (loss), net$44.3M$5.7M$10.1M$14.0M$12.0M$22.8M
Other Non-Cash Income (Expense)-$400.0K-$300.0K-$500.0K-$300.0K-$400.0K-$300.0K
Unrealized Gain (Loss) on Investments—-$3.6M———$200.0K
Gain (Loss) on Investments—$2.1M-$20.9M$1.7M-$17.9M$1.6M
Unrealized Gain (Loss) on Equity Investments—-$3.6M———$200.0K
Unrealized Gain (Loss) on Investments—-$3.6M———$200.0K
Cash Paid for Interest$176.9M$97.0M$192.8M$110.3M$186.6M$119.3M
Other non-cash income (expense)-$400.0K-$300.0K-$500.0K-$300.0K-$400.0K-$300.0K
Gains on strategic investments, net—$2.1M-$20.9M$1.7M-$17.9M$1.6M
Non-Designated Derivatives Gain (Loss), Net$44.3M$5.7M$10.1M$14.0M$12.0M$22.8M
Non-operating Income$7.7M$4.4M$22.3M$4.8M$14.9M$18.8M
Income from equity method investments$2.0M$1.6M$1.8M$1.9M$1.5M$2.4M
Gain (loss) on disposal of assets—$2.1M-$20.9M$1.7M-$17.9M$1.6M
Non-Designated Derivative Gain (Loss)$44.3M$5.7M$10.1M$14.0M$12.0M$22.8M
Gains (losses) on equity investments—$2.1M-$20.9M$1.7M-$17.9M$1.6M
Interest expense$142.4M$152.5M$153.8M$152.0M$158.0M$174.5M
Other non-operating expense$9.7M$9.5M$8.8M$10.9M$7.8M$8.7M
Net Change in Cash Flow Hedges$1.3M$1.4M$1.4M$1.2M$1.9M$1.4M
Change in Accounts Payable$170.0M-$155.3M-$14.2M-$14.9M—-$191.8M
Other Non-Cash Income (Expense)-$400.0K-$300.0K-$500.0K-$300.0K-$400.0K-$300.0K
Allowance for equity funds used during construction$4.9M$5.7M$5.7M$5.7M$5.7M—
Gains on disposal of investments and other property—$2.1M-$20.9M$1.7M-$17.9M$1.6M
Other income (expense), net—-$3.0M-$7.4M-$4.4M-$10.8M$11.7M
Other Non-cash Income (Expense)-$400.0K-$300.0K-$500.0K-$300.0K-$400.0K-$300.0K
Other Non-Cash Income (Expense)-$400.0K-$300.0K-$500.0K-$300.0K-$400.0K-$300.0K
Unrealized Gain (Loss) on Equity Securities—-$3.6M———$200.0K

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate (Continuing Operations)—$0.1$0.1$0.1—$0.0
Effective Tax Rate—$0.1$0.1$0.1—$0.0
Cash Paid for Income Taxes$19.9M$4.0M$300.0K$1.9M$0.0$0.0
Effective Tax Rate, Continuing Operations—$0.1$0.1$0.1—$0.0
Stock-Based Compensation Tax Benefit$475.0K$475.0K$475.0K$475.0K$475.0K—
Effective Income Tax Rate, Continuing Operations—$0.1$0.1$0.1—$0.0
Effective Tax Rate—$0.1$0.1$0.1—$0.0
Effective Tax Rate (Continuing Operations)—$0.1$0.1$0.1—$0.0
Income Taxes Paid, Net$19.9M$4.0M$300.0K$1.9M$0.0$0.0
Share-Based Compensation Tax Benefit$475.0K$475.0K$475.0K$475.0K$475.0K—
Income tax expense—$9.6M$10.0M$26.0M—$3.4M
Effective Tax Rate (Continuing Operations)—$0.1$0.1$0.1—$0.0
Share-Based Compensation Tax Benefit$475.0K$475.0K$475.0K$475.0K$475.0K—
Deferred Income Tax Expense-$32.8M-$8.9M-$2.2M$64.4M—-$9.5M
Effective Tax Rate (Continuing Operations)—$0.1$0.1$0.1—$0.0
Income Taxes Paid, Net$19.9M$4.0M$300.0K$1.9M$0.0$0.0
Effective Income Tax Rate—$0.1$0.1$0.1—$0.0
Tax Reconciliation: Other Adjustments-$750.0K-$1.1M-$1.1M-$1.1M-$1.1M—
Effective Tax Rate, Continuing Operations—$0.1$0.1$0.1—$0.0
Deferred and Other Income Taxes-$32.8M-$8.9M-$2.2M$64.4M—-$9.5M
Income and Other Taxes—$116.9M—$78.1M—$126.4M
Effective Tax Rate Continuing Operations—$0.1$0.1$0.1—$0.0

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Dividends Declared (Per Share)$0.7$0.7$0.7$0.7$0.7$0.7
Comprehensive income (loss), including noncontrolling interest$83.1M$129.5M$175.7M$479.2M$89.3M$156.0M
Cash Dividends, Common Stock$153.5M$153.6M$153.6M$153.6M$160.0M$160.2M
Net income attributable to noncontrolling interests$3.1M$3.1M$3.1M$3.0M$3.1M$3.1M
Net income$78.2M$125.0M$171.3M$475.0M$84.3M$151.5M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$74.6M$136.1M$182.6M$502.1M$70.2M$155.6M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$222.2M$291.6M$343.8M$658.5M$239.0M$318.4M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.3B$1.4B$1.4B$1.8B$1.3B$1.4B