EVRG · 10-Q · 2026Q3 · Full report

Operating Expense Trends

Evergy, Inc. · 2026-11-05 · Importance 20 · Surprise 24

Evergy's operating and maintenance expense increased $26.7 million in the third quarter and $43.7 million year to date through September 30, 2026, versus 2025. The year-to-date increase included $20.7 million of higher transmission and distribution costs, primarily from vegetation management and contractor costs, and $7.9 million of higher general and administrative labor and employee benefits, primarily from medical claims. Third-quarter increases included $6.8 million in transmission and distribution costs, $4.5 million at coal-fired generating facilities including Iatan, La Cygne and JEC, and $3.7 million in general and administrative labor and benefits. Depreciation and amortization increased $45.3 million year to date, primarily due to capital additions.

Key facts

• Evergy's operating and maintenance expense increased $26.7 million in the third quarter of 2026 compared with the same period in 2025.
• Third-quarter 2026 transmission and distribution operating and maintenance expense increased $6.8 million, primarily due to higher vegetation management and contractor costs.
• Third-quarter 2026 plant operating and maintenance expense at coal-fired facilities increased $4.5 million, primarily due to higher maintenance costs at Iatan Station, La Cygne Station, and JEC.
• Third-quarter 2026 general and administrative labor and employee benefits expense increased $3.7 million, primarily due to higher medical claims.
• Third-quarter 2026 regulatory commission expense increased $2.6 million, primarily due to higher Missouri regulatory assessment costs.
• Evergy's operating and maintenance expense increased $43.7 million year to date September 30, 2026 compared with 2025.
• Year-to-date 2026 transmission and distribution operating and maintenance expense increased $20.7 million, primarily due to higher vegetation management and contractor costs.
• Evergy's depreciation and amortization increased $12.2 million for the third quarter and $45.3 million year to date in 2026, primarily due to capital additions.