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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 Ratio21.64
ROE8.78%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
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
Fuel and purchased power$310.8M$355.3M$330.4M$393.1M$333.6M$360M
SPP network transmission costs$98.5M$96.4M$114.9M$110.7M$116M$109.6M
Provision for credit losses$6.8M$300K$4.8M$5.4M$9.9M$200K
Total operating expenses$1B$1.1B$1.1B$1.2B$1.1B$1.1B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
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
Weighted-average shares, basic230.3M230.4M230.4M230.5M230.5M230.7M
Weighted-average shares, diluted230.6M232.1M232.7M234.1M233.6M235.6M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$2M$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
Interest expense$142.4M$152.5M$153.8M$152M$158M$174.5M
Other income (expense), net—-$3M-$7.4M-$4.4M-$10.8M$11.7M

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

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense—$9.6M$10M$26M—$3.4M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income attributable to noncontrolling interests$3.1M$3.1M$3.1M$3M$3.1M$3.1M
Net income$78.2M$125M$171.3M$475M$84.3M$151.5M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$222.2M$291.6M$343.8M$658.5M$239M$318.4M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
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$6M$9.7M$9M$7.5M
Amortization of corporate-owned life insurance$5.1M$6.6M$6.7M$7.3M$6M$8.2M
Amortization of deferred refueling outage$3.9M$4.2M$4.2M$4.1M$0$9.8M
AmortizationOfFederalExcessDeferredIncomeTaxesAmount$15M$15.3M$15.3M$15.3M$15.3M—
AmortizationOfFederalExcessDeferredIncomeTaxesPercent6.5%———6.8%—
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—
AmortizationOfStateExcessDeferredIncomeTaxesPercent3.0%———3.0%—
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation—$22.3M-$17.2M$8.6M-$16.6M$6.6M
Dividends declared (in dollars per share)$0.67$0.67$0.67$0.67$0.69$0.69
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$80M$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$156M
Corporate-owned life insurance policy benefit$100K$1.3M$6.5M$0$100K$7.7M
Deferred and other income taxes-$32.8M-$8.9M-$2.2M$64.4M—-$9.5M
Defined Contribution Plan Cost Recognized$6.5M$7.4M$7.4M$7.4M$7.4M—
Depreciation$241.5M$236.1M$236.1M$236.1M$236.1M—
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net$44.3M$5.7M$10.1M$14M$12M$22.8M
Dividends, Common Stock, Cash$153.5M$153.6M$153.6M$153.6M$160M$160.2M
Dividend, Share-Based Payment Arrangement$100K-$300K$500K$700K$600K$1.5M
Effective tax rates—$0.1$0.1$0.1—$0
EffectiveIncomeTaxRateReconciliationEffectOfRegulatoryTreatmentBookTaxDifferencesPercentages-0.6%———-0.1%—
Other-$0-$0-$0-$0-$0—
Effective Income Tax Rate Reconciliation, Tax Credit, Energy-Related, Amount$15M$14.4M$14.4M$14.4M$14.4M—
Effective Income Tax Rate Reconciliation, Tax Credit, Energy-Related, Percent6.5%———6.4%—
EffectiveIncometaxRateReconciliationEffectOfRegulatoryTreatmentBookTaxDifferencesAmount-$1.3M-$250K-$250K-$250K-$250K—
Share-Based Payment Arrangement, Expense, Tax Benefit$475K$475K$475K$475K$475K—
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss$0-$17.1M$67.3M$56.3M—-$25.5M
GainsLossesFromInvestmentsInEarlyStageCleanEnergyAndEnergySolutionCompanies$0-$3.6M-$25.4M$0-$19.7M$200K
Income From Corporate Owned Life Insurance$500K$1.3M$6.6M$400K$300K$8M
Federal taxes$7.8M$1.5M$1.5M$1.5M$1.5M—
State taxes$1.8M$50K$50K$50K$50K—
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-$3M-$2.7M-$2.7M-$2.7M-$2.7M—
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount-$825K-$725K-$725K-$725K-$725K—
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount-$750K-$1.1M-$1.1M-$1.1M-$1.1M—
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount$1.8M$3M$3M$3M$3M—
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$1M$550K$550K$550K$550K—
Income Taxes Paid, Net$19.9M$4M$300K$1.9M$0$0
Accounts payable$170M-$155.3M-$14.2M-$14.9M—-$191.8M
Increase (Decrease) in Accounts Receivable-$111M-$41.6M$179.2M-$41.5M-$116M-$3.9M
Income and other taxes—$116.9M—$78.1M—$126.4M
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$200K-$22.1M-$28.8M—$24.6M
Increase (decrease) in other current liabilities-$11M$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-$500K$31M$700K$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—3M2.6M4.2M
Interest Paid, Excluding Capitalized Interest, Operating Activity$176.9M$97M$192.8M$110.3M$186.6M$119.3M
Losses on induced conversion of convertible notes—$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$334M$362.5M
Net Income Loss Attributable To Noncontrolling Interest$3.1M$3.1M$3.1M$3M$3.1M$3.1M
Property, plant and equipment additions$98.8M$91M$62.5M$0$179.6M$210M
Non Service Cost Component Of Net Benefit Cost$3.8M$3.1M$1.9M$3.3M$1.3M$2M
Number of customers served—1700000.00———1700000.00
Number of reportable segments—1.00———1.00
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax$150K$25K$25K$25K$25K—
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax$25K$25K$25K$25K$25K—
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax-$1.3M-$1.4M-$1.4M-$1.2M-$1.4M-$1.4M
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
Net gains/(losses) arising during the period$175K$50K$50K$50K$50K—
Other income$600K$600K$800K$600K$1.8M$700K
Other Noncash Income (Expense)-$400K-$300K-$500K-$300K-$400K-$300K
Other Nonoperating Expense$9.7M$9.5M$8.8M$10.9M$7.8M$8.7M
Other Nonoperating Income$7.7M$4.4M$22.3M$4.8M$14.9M$18.8M
Other expense-$1.3M-$600K-$2.2M-$1.2M-$1.2M-$400K
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$600K
Payment for (Proceeds from) Other Investing Activity-$28.6M-$2.3M$5.2M$900K-$65.2M-$2.8M
Payments of Dividends$153.5M$153.6M$151M$151.1M$157.4M$157.6M
Payment to Acquire Life Insurance Policy, Investing Activities$600K$4.2M$10.6M$0$500K$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$44M$13M$251.8M$29.6M
MWh Amount of Nuclear PTC$3.8$3.8$3.8$3.8$3.8—
PISA deferral percentage90.0%———85.0%—
Proceeds from refundable advances for construction$0$0———$6.8M
Borrowings against cash surrender value of corporate-owned life insurance$1.4M$700K$45.4M$1.1M$1.3M$700K
Contributions in aid of construction$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$400K$400K$300K$400K
Debt issued (Note 13)$494.4M$594.2M$0$419.3M$674.8M$348M
Proceeds from Life Insurance Policy$47.6M$700K$4.5M$48.5M$300K$49.6M
Financing — other-$3M-$5.7M-$3.9M-$3.8M-$8.1M-$14.5M
Proceeds from (Repayments of) Short-Term Debt—-$264M$479.6M—$163.3M$66.3M
Proceeds from term loan facility$0$0———$555M
Net additions (releases) charged to costs and expenses$6.8M$300K$4.8M$5.4M$9.9M$200K
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$15M$15M$15M$15M—
Composite depreciation rate for regulated property, plant and equipment3.0%———3.0%—
Repayment of term loan facility$0$0———$55M
Repayments Of Borrowings Against Corporate Owned Life Insurance$39.5M$0$3.3M$40.5M$0$39.9M
Repayments of Long-Term Debt$11.5M$0$8M$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—$80M———$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$8M$3M$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)4.3%———3.9%—
Volatilities, high end of range (as a percent)21.0%———21.0%—
Stock Issued1$0$0$2.6M$2.6M$2.6M$2.5M
Stock Issued During Period, Value, Dividend Reinvestment Plan And Share-Based Compensation Net$300K$2.3M$0$100K$700K$7.6M
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment——$3M$2.9M—$2.9M
Stockholders' Equity, Other-$100K-$300K$100K-$300K-$200K-$100K
Taxes other than income taxes and other – net$109.3M$111.1M$104.4M$104.5M$100.1M$107.2M
Unrealized Gain Loss On Investments—-$3.6M———$200K
Utilities Operating Expense, Maintenance and Operations$241.1M$232M$255.1M$252.8M$255.4M$243.2M
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount-$2M-$75K-$75K-$75K-$75K—
Add: dilutive effect of potential common shares (in shares)$100K$1.7M$2.3M$3.6M$500K$4.9M

Revenue

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