EVRG · 10-Q · 2026Q3 · Full report
Liquidity and Debt Position
Evergy, Inc. · 2026-11-05 · Importance 58 · Surprise 42 · In source text
Evergy reported $2,698.5 million of available borrowing capacity as of September 30, 2026, under a $3.5 billion master credit facility entered into in June 2026 and expiring in June 2031. The facility's available capacity was allocated among Evergy, Inc. ($600.0 million), Evergy Kansas Central ($748.9 million), Evergy Metro ($693.7 million), and Evergy Missouri West ($655.9 million). Year-to-date long-term debt issuance totaled $2,308.1 million, compared with $1,012.7 million in the prior-year period; Evergy Missouri West issued $300.0 million in May and another $300.0 million in September. Evergy also issued approximately 3.9 million shares through its ATM program for net proceeds of approximately $321.2 million, and remained in compliance with its debt covenants.
Key facts
- In June 2026, Evergy entered into a $3.5 billion master credit facility expiring in June 2031; $2,698.5 million of borrowing capacity was available as of September 30, 2026.
- Evergy Missouri West received FERC authorization in July 2026 to issue up to $1.3 billion of long-term debt outstanding at any one time; the authorization expires in July 2028.
- Evergy's cash flows from operating activities were $1,699.2 million year to date September 30, 2026.
- Evergy issued $2,308.1 million of long-term debt year to date September 30, 2026, compared with $1,012.7 million in the same period of 2025.
- As of September 30, 2026, borrowing capacity under Evergy's master credit facility included $600.0 million for Evergy, Inc., $748.9 million for Evergy Kansas Central, $693.7 million for Evergy Metro, and $655.9 million for Evergy Missouri West.
- Evergy, Inc. issued approximately 3.9 million common shares through its ATM Program in 2026 for approximately $321.2 million of net proceeds.
- After Evergy Missouri West issued $300.0 million of long-term debt in May 2026 and $300.0 million in September 2026, $0.7 billion of authorized debt capacity remained.
- Evergy's cash flows from operating activities decreased $12.0 million year to date September 30, 2026, primarily due to lower fuel-recovery mechanism net collections at Evergy Kansas Central and Evergy Missouri West, partly offset by higher collections at Evergy Metro.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +3.6% | Evergy issued $2,308.1 million of long-term debt year to date September 30, 2026, compared with $1,012.7 million in the same period of 2025. |
| liability | negative | realized | -3.6% | Evergy issued $2,308.1 million of long-term debt year to date September 30, 2026, compared with $1,012.7 million in the same period of 2025. |
| cash | positive | realized | +0.9% | Evergy, Inc. issued approximately 3.9 million common shares through its ATM Program in 2026 for approximately $321.2 million of net… |