10-Q quarterly report · filed Nov 6, 2025

Evergy (EVRG) Q3 2025 10-Q Quarterly Report

Short answer

Evergy (EVRG) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.8B (down 1.4% year over year) with net income of $475M.

Q3 2025 key financials · XBRL

Revenue
$1.8B
−1.4% YoY · +30.2% QoQ
Net income
$475M
+2.0% YoY · +177.3% QoQ
Operating margin
37.3%
EPS (diluted)
$2.03
+0.5% YoY · +174.3% QoQ

Source: XBRL data from the Evergy (EVRG) Q3 2025 10-Q on SEC EDGAR. USD.

Evergy Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $1.81B for Q3 2025, down $1.5M YoY; YTD revenue $4.62B, up $31.5M YoY
  • Operating margin 36.4% Q3 2025 vs 34.6% YoY (operating income $658.5M vs $627.5M); YTD margin 28.0% vs 27.1% YoY
  • Best segment Evergy Metro: gross margin +$8.4M YoY, utility gross margin +$10.2M YoY; worst Evergy Kansas Central: utility gross margin down $20.2M YoY
  • Operating cash flow +$123.1M YTD; investing cash flow -$111.7M YTD due to $110M higher capex; financing cash flow down $26.7M YTD
  • Management highlights rate case settlements increasing retail revenues, new natural gas plant projects approved, solar investments advancing; expect regulatory approvals Q4 2025; no material impact from recent tax reform legislation

Risk Factors

  • No new risk factors added this quarter; no material changes since 2024 Form 10-K
  • Most material risk unchanged: market and regulatory uncertainties impacting future results remain significant
  • Regulatory risk: ongoing compliance with evolving state and federal utility regulations continues to affect operations
  • Operational risk: challenges in predicting factors influencing business performance persist, possibly impacting near-term results
  • Financial risk: liquidity and debt maturities stable with no new disclosures or material changes reported

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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