EVRG · 10-Q · 2026Q3 · Full report

Income Tax Expense

Evergy, Inc. · 2026-11-05 · Importance 14 · Surprise 24

Evergy's income tax expense increased $21.5 million in the third quarter of 2026 and $21.7 million year to date through September 30, compared with 2025. The year-to-date increase was primarily driven by $51.5 million of higher tax expense from increased pre-tax income. Offsets included $10.5 million from higher equity AFUDC, $9.9 million from higher energy production tax credits, and $5.8 million from higher amortization of excess deferred income taxes. In the third quarter, a $36.0 million increase from higher pre-tax income was partly offset by higher equity AFUDC, production tax credits, and EDIT amortization.

Key facts

• Year-to-date 2026 income tax expense included a $51.5 million increase due primarily to higher pretax income, partially offset by decreases of $10.5 million from higher equity AFUDC, $9.9 million from higher energy production tax credits, and $5.8 million from higher EDIT amortization.
• Evergy's income tax expense increased $21.5 million in the third quarter of 2026 compared with 2025.
• Third-quarter 2026 income tax expense included a $36.0 million increase due primarily to higher pretax income, partially offset by decreases of $6.4 million from higher equity AFUDC, $4.6 million from higher energy production tax credits, and $4.2 million from higher EDIT amortization.
• Evergy's income tax expense increased $21.7 million year to date September 30, 2026 compared with 2025.