Evergy (EVRG) FY2025 10-K Annual Report

Filed: Feb 19, 2026
Utilities
Electric & Other Services CombinedSEC EDGAR

Evergy (EVRG) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Evergy FY2025 10-K Analysis

Business Overview

  • Core business: Integrated electric utility providing electricity generation, transmission, and distribution
  • No new products, services, or segments introduced or emphasized in this year's filing
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Management Discussion & Analysis

  • Revenue and segment reporting not separately detailed; combined operations with approx. 1.7 million customers, 15,800 MW capacity
  • Target dividend payout ratio 50%-60%, earnings per share growth emphasized, exact margins or profits not disclosed
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Risk Factors

  • Regulatory risk from Missouri SB 4 allowing CWIP inclusion in rate base for new gas plants, term expiring 2035, with refund potential
  • Macroeconomic exposure via $1.4B 4.5% Convertible Notes; $244.1M repurchased in early 2026, $1.1559B still outstanding
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Evergy FY2025 Key Financial Metrics
XBRL

Revenue

$5.7B

+0.0% YoY

Net Income

$856M

-2.0% YoY

Operating Margin

26.9%

+113bp YoY

Net Margin

15.0%

-32bp YoY

ROE

8.4%

-40bp YoY

Total Assets

$33.9B

+5.2% YoY

EPS (Diluted)

$3.66

-3.4% YoY

Operating Cash Flow

$2.0B

+3.1% YoY

Source: XBRL data from Evergy FY2025 10-K filing on SEC EDGAR. All figures in USD.

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