📊 EVRG Key Takeaways
Is Evergy, Inc. (EVRG) a Good Investment?
Evergy exhibits deteriorating fundamental health despite modest revenue growth. Critical liquidity concerns (0.45x current ratio), severe negative free cash flow of -$489.4M, and dangerously low cash reserves of $18.4M relative to $34.5B in assets indicate financial stress. Declining profitability trends (EPS -3.4%, net income -1.4%) combined with weak interest coverage (1.8x) and elevated leverage (1.29x D/E) create a precarious capital structure that threatens financial stability.
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.
Evergy, Inc. Key Strengths (EVRG)
- Positive revenue growth of 4.5% YoY demonstrates business demand
- Solid operating margin of 22.1% shows operational efficiency in core utility business
- Positive operating cash flow of $362.5M from core operations
- 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
- Critical liquidity crisis: current ratio of 0.45x indicates current liabilities far exceed current assets
- Severe negative free cash flow of -$489.4M with dangerously low cash position of $18.4M creates refinancing risk
- Declining profitability metrics despite revenue growth suggest margin compression and deteriorating operational efficiency
- Weak interest coverage of 1.8x leaves minimal cushion to service $13.1B long-term debt obligations
- Extremely poor returns on capital (ROE 1.5%, ROA 0.4%) indicate capital is not being deployed efficiently
- High capex requirements ($851.9M) exceed operating cash flow, forcing reliance on external financing
- 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 trend and ability to achieve positive FCF
- Liquidity position and current ratio improvement toward 1.0x+ threshold
- Interest coverage ratio movement toward 2.5x+ range
- Operating margin sustainability amid revenue growth
- Debt refinancing activity and cost of capital in coming periods
- 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 |
|---|---|---|---|
| Q1 2026 | $1.3B | $125.0M | $0.54 |
| 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 |
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 Grade of C from Claude (C) and ChatGPT (B) with 74% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are EVRG's key strengths?
Claude: Positive revenue growth of 4.5% YoY demonstrates business demand. Solid operating margin of 22.1% shows operational efficiency in core utility business. 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: Critical liquidity crisis: current ratio of 0.45x indicates current liabilities far exceed current assets. Severe negative free cash flow of -$489.4M with dangerously low cash position of $18.4M creates refinancing risk. 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 $1.4B.
Does EVRG pay dividends?
Evergy, Inc. pays dividends, with $157.6M 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 $0.64.
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 grade reflects both perspectives for balanced insights.
What is EVRG's fundamental grade?
Based on our AI fundamental analysis in June 2026, Evergy, Inc. has a C grade with 74% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is EVRG stock overvalued or undervalued?
Valuation metrics for EVRG: ROE of 1.5% (sector avg: 10%), net margin of 10.5% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is EVRG's AI grade for 2026?
Our dual AI analysis gives Evergy, Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is EVRG's free cash flow?
Evergy, Inc.'s operating cash flow is $362.5M, with capital expenditures of $851.9M. FCF margin is -33.9%.
How does EVRG compare to other Utilities stocks?
Vs Utilities sector averages: Net margin 10.5% (avg: 12%), ROE 1.5% (avg: 10%), current ratio 0.45 (avg: 0.8).