Evergy (EVRG) Q3 2025 10-Q Quarterly Report
Evergy (EVRG) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 6, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Evergy Q3 2025 10-Q Analysis
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
Evergy Q3 2025 Quarterly FinancialsXBRL
Revenue
$1.8B
▼ -1.4% YoY▲ +30.2% QoQ
Net Income
$475M
▲ +2.0% YoY▲ +177.3% QoQ
Net Margin
26.9%
▲ +91bp YoY▲ +1428bp QoQ
Source: XBRL data from Evergy Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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