Evergy, Inc. (EVRG) AI Stock Analysis

Evergy, Inc., together with its subsidiaries, operates across the electricity generation, transmission, distribution, and retail sale spectrum in Kansas and Missouri. Headquartered in Kansas City, Missouri, the utility serves approximately 1,620,400 customers, including residential, commercial, industrial, municipal, and wholesale electric clients. Evergy generates electricity from coal, hydroelectric, landfill gas, uranium, natural gas, oil, solar, wind, and other renewable sources. Its delivery network includes approximately 10,100 circuit miles of transmission lines, 39,800 circuit miles of overhead distribution lines, and 13,000 circuit miles of underground distribution lines.

Evergy grew revenue at a 5-year CAGR of 3.8% from FY2020 to FY2025. Annual revenue expanded from $5.59B in FY2021 to $5.86B in FY2022, dropped 6.4% in FY2023 to $5.49B, and rebounded to $5.82B in FY2024 and $5.92B in FY2025. Operating margin rose to 25.2% in FY2025, while net margin registered at 14.5% with net income of $855.6M and EPS of $3.81. For the latest quarter ended June 30, 2026, revenue increased 4.4% year-over-year, and earnings climbed 23.0% year-over-year, bringing trailing twelve-month revenue to $6.09B and EPS to $3.93.

As of June 30, 2026, Evergy held $21.8M in cash and short-term investments against $16.50B in total debt, resulting in net debt of $16.48B. Shareholders' equity was $10.22B, reflecting a debt-to-equity ratio of 1.61 and a current ratio of 0.36. In FY2025, operating cash flow reached $2.05B, while capital expenditures totaled $2.80B, leaving free cash flow at -$751.7M. The company also returned $613.1M in dividends paid during FY2025, with share count increasing 3.0% over 5 years.

EVRG trades at a trailing P/E of 21.2x and a forward P/E of 19.5x, compared to medians of 20.9x and 16.0x for its S&P 500 Utilities peers. The stock's EV-to-EBITDA stands at 12.6x against the peer median of 12.2x, while price-to-sales is 3.2x versus 2.9x. Over the past 1 year, Evergy returned 11.2%, trailing the S&P 500 return of 16.8%. Over a 5-year span, the stock returned 60.6% compared to 83.0% for the S&P 500.

Evergy pays a quarterly dividend with an annualized forward rate of $2.78, yielding 3.34% as of October 16, 2026. The company maintains a payout ratio of 69.2% and has paid dividends for 43 consecutive years. Over the last 5 years, dividend growth annualized at 5.7%, with its last ex-dividend date on August 18, 2026.

Evergy has 8 Buy-equivalent ratings (6 Strong Buy, 2 Buy) and 5 Hold ratings, with 0 Sell or Strong Sell ratings. The mean price target of $90.45 sits 8.6% above the last close of $83.30. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $6.29B and EPS of $4.27, representing 11.4% EPS growth. Over the last 4 quarters, the company beat EPS estimates twice. The next earnings release date is November 5, 2026.

This page is an AI-written research summary of Evergy, Inc. (EVRG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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