EVRG · 10-Q · 2026Q2 · Full report

Liquidity and Debt Position

Evergy, Inc. · 2026-08-06 · Importance 58 · Surprise 42 · Contradicted

In June 2026, Evergy entered into a $3.5 billion master credit facility that expires in June 2031. As of June 30, 2026, $1.6484 billion of borrowing capacity remained available across Evergy, Evergy Kansas Central, Evergy Metro and Evergy Missouri West. Evergy also entered into $55 million and $500 million unsecured term loan agreements in January and February 2026, respectively, with the latter used partly to repurchase convertible notes.

Key facts

• Evergy entered into a $3.5 billion master credit facility in June 2026 which expires in June 2031 and had $1,648.4 million of available borrowing capacity under it as of June 30, 2026.
• In January 2026 Evergy, Inc. entered into a $55.0 million unsecured Term Loan Credit Agreement expiring January 2027; in February 2026 Evergy, Inc. entered into a $500.0 million unsecured Term Loan Credit Agreement expiring February 2027.
• Evergy Missouri West issued $300.0 million of long-term debt in May 2026, and the FERC authorization provides an additional $1.0 billion of long-term debt capacity.
• Cash flows from operating activities year to date June 30, 2026 were $711.1 million; cash flows used in investing activities were $(1,628.5) million; cash flows from financing activities were $917.7 million.
• Evergy's cash flows from financing activities increased $450.7 million year to date June 30, 2026 primarily driven by a $500.0 million increase due to proceeds from term loans, net of repayments executed in 2026.
• The available borrowing capacity under the master credit facility consisted of $513.5 million for Evergy, Inc., $394.0 million for Evergy Kansas Central, $537.4 million for Evergy Metro and $203.5 million for Evergy Missouri West as of June 30, 2026.
• Evergy's cash flows from operating activities decreased $62.4 million year to date June 30, 2026 compared to 2025 primarily driven by fuel recovery mechanism under-collections at Evergy Missouri West and an increase in coal inventory purchases.
• Evergy's interest expense increased $12.1 million for the three months ended June 30, 2026 primarily driven by a $19.1 million increase due to issuances of long-term debt and a $10.1 million increase in interest on short-term borrowings, partially offset by an $8.8 million decrease due to repayment of long-term debt and a $6.9 million decrease due to higher debt AFUDC.

Impact estimates