EVRG · 10-Q · 2026Q3 · Full report

Net Income and Profitability

Evergy, Inc. · 2026-11-05 · Importance 62 · Surprise 46 · No source text

Third-quarter 2026 net income attributable to Evergy, Inc. increased $475.0 million to $612.9 million, and diluted EPS rose $2.03 to $2.59 year over year. Year-to-date net income attributable to Evergy increased $208.1 million to $979.4 million, while diluted EPS increased $3.31 to $4.14. Management attributed the improvement primarily to higher retail sales from favorable weather and weather-normalized demand, new Evergy Kansas Central rates effective October 2025, and higher third-quarter COLI proceeds. Higher operating and maintenance, interest, and income tax expense partially offset the quarterly increase; higher operating and maintenance, depreciation, and interest expense partially offset the year-to-date increase.

Key facts

• Evergy's net income attributable to Evergy, Inc. for the three months ended September 30, 2026 was $612.9 million, an increase of $475.0 million year over year.
• Evergy's net income attributable to Evergy, Inc. for year-to-date September 30, 2026 was $979.4 million, an increase of $771.3 million year over year.
• Evergy's adjusted earnings for the three months ended September 30, 2026 were $609.9 million, and adjusted diluted EPS was $2.58.
• Evergy's adjusted earnings for year-to-date September 30, 2026 were $980.2 million, and adjusted diluted EPS was $4.15.
• Evergy's diluted EPS for the three months ended September 30, 2026 was $2.59, up $2.03 year over year.
• Evergy's year-to-date diluted EPS through September 30, 2026 was $4.14, up $3.31 year over year.
• Third-quarter 2026 net income increased primarily due to higher retail sales driven by favorable weather and higher weather-normalized demand, new Evergy Kansas Central retail rates effective October 2025, and higher COLI proceeds; higher operating and maintenance, interest, and income tax expense partially offset the increase.
• Year-to-date 2026 net income increased primarily due to higher retail sales from favorable weather and higher weather-normalized demand, new Evergy Kansas Central retail rates effective October 2025, higher non-regulated energy marketing revenue, and gains rather than losses from non-regulated investments; higher operating and maintenance, depreciation, and interest expense partially offset the increase.

Impact estimates