EVRG · 10-Q · 2026Q2

Evergy, Inc.

Filed 2026-08-06 · Utilities

Ranked Events

• Convertible Note RepurchasesImportance 64 · Surprise 42
  In January and February 2026, Evergy repurchased $244.1 million of the $1.4 billion aggregate principal amount of its convertible notes. The total repurchase cost was $309.5 million, including fees and excluding…
• Capital Expenditure IncreaseImportance 64 · Surprise 56
  Evergy's cash used in investing activities increased by $393.1 million year to date June 30, 2026, compared with the same period in 2025. The increase was primarily driven by a $591.7 million increase in additions to…
• Capital ExpendituresImportance 64 · Surprise 56
  Cash used in investing activities increased $393.1 million year to date to $1,628.5 million through June 30, 2026.
• Net Income and ProfitabilityImportance 63 · Surprise 64
  Net income attributable to Evergy increased $171.3 million, or 100.0%, to $215.0 million in the second quarter of 2026, and increased $70.2 million, or 23.7%, to $366.5 million year to date.
• Regulatory Approval MilestonesImportance 59 · Surprise 60
  In April 2026, Evergy Missouri West filed with the Federal Energy Regulatory Commission (FERC) for authority to issue up to $1.3 billion of long-term debt outstanding at any one time. FERC approved the request in July…
• Capital Return ProgramImportance 58 · Surprise 42
  Evergy repurchased $244.1 million principal amount of its $1.4 billion convertible notes in January and February 2026.
• Liquidity and Debt PositionImportance 58 · Surprise 42
  In June 2026, Evergy entered into a $3.5 billion master credit facility that expires in June 2031. As of June 30, 2026, $1.6484 billion of borrowing capacity remained available across Evergy, Evergy Kansas Central,…
• Rate Case OutcomesImportance 58 · Surprise 42
  Evergy Metro filed a rate case with the Missouri Public Service Commission in February 2026 seeking an approximately $140 million increase in retail revenues. The request includes a 10.5% return on equity, a capital…
• Data Center / Load GrowthImportance 58 · Surprise 42
  In 2026, the Evergy Companies signed electric service agreements with multiple large load customers to serve data centers with projected peak steady-state load of approximately 2,600 MW. The agreements cover three new…
• Weather Impact on DemandImportance 41 · Surprise 48
  Second-quarter 2026 retail demand benefited from favorable weather, with cooling degree days increasing 25% year over year. Higher weather-normalized demand, together with the start of service for a data center…
• Gross Margin DriversImportance 31 · Surprise 32
  GAAP gross margin increased $34.4 million, or 7.4%, to $496.5 million in the second quarter and $68.9 million, or 8.0%, to $925.5 million year to date.
• Revenue Performance and MixImportance 31 · Surprise 32
  Operating revenues increased $63.1 million, or 4.4%, year over year to $1,500.1 million in the second quarter of 2026, while year-to-date revenue increased $132.3 million, or 4.7%, to $2,943.8 million.

Revenue by Product (in millions)