📊 EVRG Key Takeaways
Is Evergy, Inc. (EVRG) a Good Investment?
Evergy demonstrates stable utility-sector fundamentals with solid profitability (25.7% operating margin) and consistent revenue growth (+4.5% YoY), but faces concerning leverage ratios and negative free cash flow that limit financial flexibility. The company's high debt-to-equity ratio (1.28x) combined with weak interest coverage (2.5x) and capex exceeding operating cash flow create financial sustainability questions despite core operational strength.
Evergy shows solid regulated-utility fundamentals with stable revenue growth, strong operating margins, and healthy operating cash generation. However, earnings are slightly declining, free cash flow is materially negative due to heavy capital spending, and the balance sheet carries meaningful leverage with thin liquidity and modest interest coverage. The business looks fundamentally stable, but the quality of growth is constrained by capital intensity and financing pressure.
Why Buy Evergy, Inc. Stock? EVRG Key Strengths
- Strong operating margin of 25.7% with consistent revenue growth of 4.5% YoY
- Solid net margin of 14.4% demonstrates pricing power and cost management typical of regulated utilities
- Robust operating cash flow of 2.0B provides substantial cash generation for dividend and debt service
- Strong operating profitability with a 25.7% operating margin and 14.4% net margin
- Stable revenue growth of 4.5% YoY supported by utility-like cash flow generation
- Operating cash flow of $2.05B provides a solid base to fund infrastructure investment
EVRG Stock Risks: Evergy, Inc. Investment Risks
- Negative free cash flow of -751.7M with capex (2.8B) significantly exceeding operating cash flow, indicating capital intensity constraints
- High leverage with debt-to-equity ratio of 1.28x and weak interest coverage of 2.5x limits financial flexibility for debt reduction or strategic investments
- Thin liquidity position with current ratio of 0.49x and minimal cash reserves of only 19.8M relative to 33.9B asset base raises refinancing risk concerns
- Negative free cash flow of -$751.7M indicates capital spending is outpacing internal funding
- High leverage with 1.28x debt-to-equity and $13.04B in long-term debt limits financial flexibility
- Weak liquidity and only 2.5x interest coverage increase financing and refinancing risk
Key Metrics to Watch
- Free cash flow sustainability and capex-to-depreciation ratio to assess long-term capital adequacy
- Debt-to-equity trajectory and interest coverage improvement as key financial health indicators
- Operating margin maintenance amid regulatory environment and commodity cost pressures
- Free cash flow improvement relative to capital expenditures
- Interest coverage and debt funding needs
Evergy, Inc. (EVRG) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
EVRG Profit Margin, ROE & Profitability Analysis
EVRG vs Utilities Sector: How Evergy, Inc. Compares
How Evergy, Inc. compares to Utilities sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Evergy, Inc. Stock Overvalued? EVRG Valuation Analysis 2026
Based on fundamental analysis, Evergy, Inc. has mixed fundamental signals relative to the Utilities sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Evergy, Inc. Balance Sheet: EVRG Debt, Cash & Liquidity
EVRG Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Evergy, Inc.'s revenue has shown modest growth of 7% over the 5-year period. The most recent EPS of $3.17 reflects profitable operations.
EVRG Revenue Growth, EPS Growth & YoY Performance
EVRG Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $1.8B | $465.6M | $2.02 |
| Q2 2025 | $1.4B | $171.3M | $0.74 |
| Q1 2025 | $1.3B | $122.7M | $0.53 |
| Q3 2024 | $1.6B | $351.6M | $1.53 |
| Q2 2024 | $1.3B | $179.1M | $0.78 |
| Q1 2024 | $1.2B | $122.7M | $0.53 |
| Q3 2023 | $1.6B | $351.6M | $1.53 |
| Q2 2023 | $1.3B | $179.1M | $0.78 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Evergy, Inc. Dividends, Buybacks & Capital Allocation
EVRG SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Evergy, Inc. (CIK: 0001711269)
📋 Recent SEC Filings
❓ Frequently Asked Questions about EVRG
What is the AI rating for EVRG?
Evergy, Inc. (EVRG) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 71% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are EVRG's key strengths?
Claude: Strong operating margin of 25.7% with consistent revenue growth of 4.5% YoY. Solid net margin of 14.4% demonstrates pricing power and cost management typical of regulated utilities. ChatGPT: Strong operating profitability with a 25.7% operating margin and 14.4% net margin. Stable revenue growth of 4.5% YoY supported by utility-like cash flow generation.
What are the risks of investing in EVRG?
Claude: Negative free cash flow of -751.7M with capex (2.8B) significantly exceeding operating cash flow, indicating capital intensity constraints. High leverage with debt-to-equity ratio of 1.28x and weak interest coverage of 2.5x limits financial flexibility for debt reduction or strategic investments. ChatGPT: Negative free cash flow of -$751.7M indicates capital spending is outpacing internal funding. High leverage with 1.28x debt-to-equity and $13.04B in long-term debt limits financial flexibility.
What is EVRG's revenue and growth?
Evergy, Inc. reported revenue of $6.0B.
Does EVRG pay dividends?
Evergy, Inc. pays dividends, with $613.1M distributed to shareholders in the trailing twelve months.
Where can I find EVRG SEC filings?
Official SEC filings for Evergy, Inc. (CIK: 0001711269) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is EVRG's EPS?
Evergy, Inc. has a diluted EPS of $3.66.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is EVRG a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Evergy, Inc. has a HOLD rating with 71% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is EVRG stock overvalued or undervalued?
Valuation metrics for EVRG: ROE of 8.4% (sector avg: 10%), net margin of 14.4% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy EVRG stock in 2026?
Our dual AI analysis gives Evergy, Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is EVRG's free cash flow?
Evergy, Inc.'s operating cash flow is $2.0B, with capital expenditures of $2.8B. FCF margin is -12.6%.
How does EVRG compare to other Utilities stocks?
Vs Utilities sector averages: Net margin 14.4% (avg: 12%), ROE 8.4% (avg: 10%), current ratio 0.49 (avg: 0.8).