EVRG · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

Evergy, Inc. · 2026-11-05 · Importance 41 · Surprise 22

For the three months ended September 30, 2026, operating revenues rose $286.7 million to $2,096.6 million, a 15.8% increase year over year; year-to-date revenue rose $419.0 million to $5,040.4 million, or 9.1%. Third-quarter electric retail revenue increased $249.7 million to $1,775.4 million, led by residential revenue up $148.2 million and commercial revenue up $93.6 million; industrial revenue increased $8.2 million. Year-to-date retail revenue grew $329.9 million, while wholesale revenue increased $31.5 million and transmission revenue increased $17.6 million. Third-quarter gross margin (GAAP) increased $163.7 million to $946.1 million, and utility gross margin (non-GAAP) increased $193.8 million to $1,499.9 million.

Key facts

• Year-to-date 2026 gross margin increased $232.6 million and utility gross margin increased $306.2 million compared with the same period in 2025.
• Evergy's gross margin increased $163.7 million and utility gross margin increased $193.8 million for the three months ended September 30, 2026, compared with 2025.
• Year-to-date 2026 gross margin growth included a $108.0 million increase from Evergy Kansas Central retail rates effective October 2025.
• Third-quarter 2026 gross margin growth included a $42.3 million increase from Evergy Kansas Central retail rates effective October 2025.
• Third-quarter 2026 transmission revenue increased $11.8 million, primarily due to updated transmission costs in Evergy Kansas Central's FERC TFR effective January 2026 and its TFR settlement.
• Year-to-date 2026 transmission revenue increased $17.6 million, primarily due to updated transmission costs in Evergy Kansas Central's FERC TFR effective January 2026 and its TFR settlement.
• Year-to-date 2026 revenue from non-regulated energy marketing activity at Evergy Kansas Central increased $15.5 million.