EVRG · 10-Q · 2026Q3 · Full report

Interest Expense Trends

Evergy, Inc. · 2026-11-05 · Importance 36 · Surprise 40

Evergy's interest expense increased $16.0 million, or 10.5%, in the third quarter of 2026 and $50.1 million, or 10.9%, year to date compared with 2025. Year-to-date drivers included $65.7 million from long-term debt issuances, $18.2 million from higher short-term borrowing balances, and $10.3 million related to repurchasing Convertible Notes. These increases were partly offset by $25.2 million less expense from long-term debt repayments and $19.8 million of lower expense from higher debt AFUDC, primarily at Evergy Missouri West. In the quarter, new long-term debt added $27.7 million of expense, partly offset by $9.2 million from long-term debt repayments and $7.9 million from higher debt AFUDC.

Key facts

• Evergy's interest expense increased $50.1 million year to date September 30, 2026 compared with 2025.
• Year-to-date 2026 interest expense included a $65.7 million increase from long-term debt issuances, an $18.2 million increase on short-term borrowings, and a $10.3 million increase related to Convertible Note repurchases.
• Evergy's interest expense increased $16.0 million in the third quarter of 2026 compared with 2025.
• Third-quarter 2026 interest expense included a $27.7 million increase due to long-term debt issuances and a $5.3 million increase on short-term borrowings, partially offset by a $9.2 million decrease from long-term debt repayment and a $7.9 million decrease from higher debt AFUDC.