Evergy, Inc. (EVRG) 10-Year Financial Performance & Capital Metrics

EVRG • • Utilities

UtilitiesElectric UtilitiesRegional Electric UtilitiesSingle-State Electric Utilities

AboutEvergy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. The company has 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. It serves approximately 1,620,400 customers, including residences, commercial firms, industrials, municipalities, and other electric utilities. Evergy, Inc. was incorporated in 2017 and is headquartered in Kansas City, Missouri.Show more

Revenue $5.82B +6.2%
EBITDA $2.61B +9.0%
Net Income $874M +19.4%
Free Cash Flow -$353M +0.3%
EBITDA Margin 44.9% +2.7%
Net Margin 15% +12.5%
ROE 8.88% +16.4%
Interest Coverage 2.57 +7.1%
Debt/Equity 1.41 +3.8%
Net Debt/EBITDA 5.37 -1.8%
CapEx / Revenue 40.12% -5.7%
CapEx Coverage 0.85

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 3.4%
✓Trading near 52-week high

✗Weaknesses

✗High leverage: 5.4x Debt/EBITDA

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.39%

5Y2.5%

3Y1.39%

TTM3.28%

Profit (Net Income) CAGR

10Y10.8%

5Y5.45%

3Y-0.24%

TTM13.63%

EPS CAGR

10Y4.9%

5Y6.32%

3Y-0.35%

TTM13.4%

ROCE

10Y Avg5.64%

5Y Avg5.02%

3Y Avg4.98%

Latest5.15%

Peer Comparison

Single-State Electric Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
IDAIDACORP, Inc.	7.17B	132.73	24.13	3.41%	17.59%	9.11%	0.92
TXNMTXNM Energy, Inc.	6.43B	59.03	22.11	1.65%	8.41%	5.11%	2.25
EVRGEvergy, Inc.	17.45B	75.78	19.99	6.17%	14.41%	8.4%	1.41
OGEOGE Energy Corp.	9.01B	43.72	19.96	11.63%	15.28%	10.49%	1.19
EIXEdison International	23.67B	61.52	18.59	7.72%	17.61%	16.48%	2.13
PNWPinnacle West Capital Corporation	11.09B	92.69	17.69	9.13%	11.2%	8.24%	1.61
PORPortland General Electric Company	5.55B	49.30	16.38	17.69%	8.82%	7.67%	1.36
PCGPacific Gas & Electric Co.	34.68B	15.78	13.72	-0.04%	10.93%	8.4%	1.92

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	2.46B	2.56B	2.57B	4.28B	5.15B	4.91B	5.59B	5.86B	5.49B	5.82B
Revenue Growth %	-0.05%	0.04%	0%	0.66%	0.2%	-0.05%	0.14%	0.05%	-0.06%	0.06%
Cost of Revenue	1.43B	1.43B	1.71B	2.93B	3.6B	3.41B	3.85B	4.16B	3.82B	3.93B
Gross Profit+	1.03B	1.13B	858.3M	1.35B	1.55B	1.51B	1.74B	1.7B	1.67B	1.9B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0%	0.1%	-0.24%	0.57%	0.15%	-0.03%	0.15%	-0.02%	-0.02%	0.14%
Operating Expenses+	407.18M	442.91M	167.6M	269.1M	365.5M	364.2M	380.5M	398.1M	406.6M	452.6M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	958.56M	1.06B	1.09B	1.74B	2.1B	2.08B	2.31B	2.29B	2.4B	2.61B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.01%	0.1%	0.04%	0.59%	0.2%	-0.01%	0.11%	-0.01%	0.05%	0.09%
Depreciation & Amortization+	337.56M	365.23M	403.9M	662.4M	913.1M	938.4M	947.8M	984.9M	1.14B	1.17B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	621M	692.08M	690.7M	1.08B	1.19B	1.14B	1.36B	1.3B	1.26B	1.44B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.02%	0.11%	-0%	0.57%	0.1%	-0.04%	0.19%	-0.04%	-0.03%	0.15%
Interest Expense+	176.8M	161.7M	171M	279.6M	374M	383.9M	372.6M	404M	525.8M	563.1M
Interest Coverage	3.51x	4.28x	4.04x	3.87x	3.17x	2.98x	3.65x	3.23x	2.40x	2.57x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	453.8M	545.74M	487.7M	605M	782.6M	732.2M	1.01B	812.5M	759.2M	915.8M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	152M	184.54M	151.16M	59M	97M	102.2M	117.4M	47.5M	15.6M	30M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	291.93M	346.58M	323.92M	535.8M	669.9M	618.3M	879.7M	752.7M	731.3M	873.5M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.07%	0.19%	-0.07%	0.65%	0.25%	-0.08%	0.42%	-0.14%	-0.03%	0.19%
EPS (Diluted)+	2.09	2.43	2.27	2.50	2.79	2.72	3.83	3.27	3.17	3.79
EPS Growth %	-0.11%	0.16%	-0.07%	0.1%	0.12%	-0.03%	0.41%	-0.15%	-0.03%	0.2%
EPS (Basic)	2.11	2.43	2.27	2.50	2.80	2.72	3.84	3.27	3.18	3.79
Diluted Shares Outstanding	139.28M	142.5M	142.6M	214.1M	239.9M	227.5M	229.6M	230.3M	230.5M	230.6M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	10.71B	11.49B	11.62B	25.6B	25.98B	27.11B	28.52B	29.49B	30.98B	32.28B
Asset Growth %	0.04%	0.07%	0.01%	1.2%	0.01%	0.04%	0.05%	0.03%	0.05%	0.04%
PP&E (Net)+	8.79B	9.51B	9.73B	18.95B	19.35B	20.11B	21.15B	22.28B	23.73B	24.93B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	717.14M	768.38M	727M	1.68B	1.47B	1.62B	1.71B	1.84B	1.79B	1.84B
Cash & Equivalents	3.23M	3.07M	3.4M	160.3M	23.2M	144.9M	26.2M	25.2M	27.7M	22M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	301.29M	300.13M	293.6M	511M	481.6M	504.5M	566.7M	672.9M	776.2M	867.4M
Other Current Assets	137.47M	147.08M	99.5M	668.9M	570.7M	589.9M	818.5M	771.5M	665.5M	627.3M
Long-Term Investments	184.06M	200.12M	237.1M	472.1M	573.2M	652.1M	768.7M	653.3M	766.4M	879.8M
Goodwill	0	0	0	2.34B	2.34B	2.34B	2.34B	2.34B	2.34B	2.34B
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Other Assets	1.01B	1.01B	930.2M	2.15B	2.25B	2.4B	2.55B	2.38B	2.36B	2.3B
Total Liabilities	7.03B	7.65B	7.76B	15.61B	17.43B	18.4B	19.28B	20B	21.29B	22.29B
Total Debt+	3.58B	4.02B	4.07B	8.53B	9.95B	10.32B	11.17B	12.04B	13.15B	14.07B
Net Debt	3.58B	4.02B	4.07B	8.37B	9.93B	10.18B	11.14B	12.01B	13.12B	14.05B
Long-Term Debt	3.3B	3.5B	3.77B	6.69B	8.77B	9.19B	9.3B	9.91B	11.05B	11.81B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	130.3M	118M	107.8M	100.8M	100.8M	0
Total Current Liabilities+	836.93M	1.05B	823.72M	2.87B	2.34B	2.36B	3.1B	3.49B	3.51B	3.66B
Accounts Payable	220.97M	220.52M	204.2M	451.5M	528.8M	654M	639.7M	600.8M	616.9M	613.8M
Accrued Expenses	71.43M	72.52M	72.7M	110.9M	122.3M	123.4M	118.8M	124.3M	134.2M	136.4M
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	132.33M	97M	101.1M	331.9M	355.4M	304.4M	326.4M	475.3M	511M	492.9M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	1.3B	1.35B	2.36B	4.45B	4.58B	5.18B	5.02B	4.6B	4.63B	4.79B
Total Equity+	3.67B	3.83B	3.86B	9.99B	8.55B	8.72B	9.24B	9.49B	9.69B	9.99B
Equity Growth %	0.11%	0.04%	0.01%	1.59%	-0.14%	0.02%	0.06%	0.03%	0.02%	0.03%
Shareholders Equity	3.66B	3.81B	3.91B	10.03B	8.57B	8.73B	9.24B	9.48B	9.66B	9.96B
Minority Interest	15.24M	27.32M	-47.7M	-37.5M	-26.6M	-14.9M	-2.7M	9.6M	21.9M	34.2M
Common Stock	706.77M	708.96M	2.73B	8.69B	7.07B	7.08B	7.21B	7.22B	7.23B	7.25B
Additional Paid-in Capital	2B	2.02B	2.02B	0	0	0	0	0	0	0
Retained Earnings	945.83M	1.08B	1.17B	1.35B	1.55B	1.7B	2.08B	2.3B	2.46B	2.73B
Accumulated OCI	0	0	0	-3M	-50M	-49.4M	-44M	-34.5M	-29.6M	-23.8M
Return on Assets (ROA)	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%	0.03%	0.03%	0.02%	0.03%
Return on Equity (ROE)	0.08%	0.09%	0.08%	0.08%	0.07%	0.07%	0.1%	0.08%	0.08%	0.09%
Debt / Equity	0.98x	1.05x	1.06x	0.85x	1.16x	1.18x	1.21x	1.27x	1.36x	1.41x
Debt / Assets	0.33%	0.35%	0.35%	0.33%	0.38%	0.38%	0.39%	0.41%	0.42%	0.44%
Net Debt / EBITDA	3.73x	3.80x	3.72x	4.80x	4.73x	4.89x	4.83x	5.25x	5.47x	5.37x
Book Value per Share	26.36	26.9	27.07	46.66	35.62	38.32	40.25	41.22	42.02	43.32

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	714.54M	822.42M	912.44M	1.5B	822.8M	1.75B	1.35B	1.8B	1.98B	1.98B
Operating CF Growth %	-0.13%	0.15%	0.11%	0.64%	-0.45%	1.13%	-0.23%	0.33%	0.1%	0%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	301.8M	361.2M	336.55M	546M	-259.8M	630M	891.9M	765M	731.3M	885.8M
Depreciation & Amortization	337.56M	365.23M	403.91M	662.4M	913.1M	938.4M	947.8M	984.9M	1.14B	1.17B
Deferred Taxes	151.33M	185.23M	149.57M	124.2M	121.5M	126.9M	102.2M	7.3M	-16.6M	-8.6M
Other Non-Cash Items	10.97M	917K	-6.42M	5.4M	44M	-5.8M	-39M	34.5M	-12.9M	-1.8M
Working Capital Changes	-95.47M	-99.51M	19.84M	129.9M	4M	48.3M	-566.8M	-8.6M	121.8M	-62.2M
Capital Expenditures+	-700.23M	-1.09B	-764.64M	-1.07B	-596.1M	-1.56B	-1.97B	-2.17B	-2.33B	-2.34B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-649.7M	-1.01B	-780.43M	197.4M	-458.2M	-1.53B	-1.91B	-2.15B	-2.47B	-2.26B
Acquisitions	-575K	-655K	0	1.15B	0	0	0	0	-217.9M	0
Purchase of Investments	-37.56M	-46.58M	-41.03M	-117.5M	-21.8M	-65.6M	-158.2M	-50.5M	-74.7M	-175.5M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	50.73M	74.42M	-16M	-27.9M	138.1M	35.7M	101.2M	37.5M	1.1M	111.8M
Cash from Financing+	-66.16M	190.18M	-131.64M	-1.54B	-403.9M	-98.4M	443.4M	349.3M	494M	280.3M
Dividends Paid	-186.12M	-204.34M	-223.12M	-475M	-462.5M	-465M	-497.9M	-534.8M	-569.6M	-596.7M
Dividend Payout Ratio %	0.64%	0.59%	0.69%	0.89%	0.69%	0.75%	0.57%	0.71%	0.78%	0.68%
Debt Issuance (Net)	-1000K	1000K	1000K	200K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	258M	2.44M	659K	0	0	0	112.5M	0	0	0
Share Repurchases	0	0	259.98M	-1.04B	-1.63B	0	0	0	0	0
Other Financing	-3.05M	-7.53M	-15.68M	-21.3M	316.8M	-13.6M	-9.3M	-11.1M	-6.2M	-15.7M
Net Change in Cash+	-1.32M	-165K	366K	156.8M	-39.3M	121.7M	-118.7M	-1M	2.5M	2.2M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	4.56M	3.23M	3.07M	3.5M	44.5M	23.2M	144.9M	26.2M	25.2M	27.7M
Cash at End	3.23M	3.07M	3.43M	160.3M	5.2M	144.9M	26.2M	25.2M	27.7M	29.9M
Free Cash Flow+	14.31M	-264.55M	147.79M	428.1M	226.7M	193.5M	-620.8M	-364.6M	-353.8M	-352.9M
FCF Growth %	1.52%	-19.48%	1.56%	1.9%	-0.47%	-0.15%	-4.21%	0.41%	0.03%	0%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.37%	9.24%	8.42%	7.74%	7.23%	7.16%	9.8%	8.04%	7.63%	8.88%
EBITDA Margin	38.98%	41.27%	42.57%	40.79%	40.77%	42.38%	41.29%	39.07%	43.72%	44.9%
Net Debt / EBITDA	3.73x	3.80x	3.72x	4.80x	4.73x	4.89x	4.83x	5.25x	5.47x	5.37x
Interest Coverage	3.51x	4.28x	4.04x	3.87x	3.17x	2.98x	3.65x	3.23x	2.40x	2.57x
CapEx / Revenue	28.47%	42.43%	29.74%	25.02%	11.58%	31.76%	35.31%	36.98%	42.55%	40.12%
Dividend Payout Ratio	63.76%	58.96%	68.88%	88.65%	69.04%	75.21%	56.6%	71.05%	77.89%	68.31%
Debt / Equity	0.98x	1.05x	1.06x	0.85x	1.16x	1.18x	1.21x	1.27x	1.36x	1.41x
EPS Growth	-11.06%	16.27%	-6.58%	10.13%	11.6%	-2.51%	40.81%	-14.62%	-3.06%	19.56%

Revenue by Segment

	2012	2013	2014	2015	2016	2017
Electric Utility	-	-	2.57B	2.5B	2.68B	2.71B
Electric Utility Growth	-	-	-	-2.57%	6.95%	1.20%
Operatings	-	2.45B	-	-	-	-
Operatings Growth	-	-	-	-	-	-
Reportable	2.31B	-	-	-	-	-
Reportable Growth	-	-	-	-	-	-
All Others	-	-	-	-	-	-
All Others Growth	-	-	-	-	-	-
Intersegment Elimination	-	-	-	-	-	-
Intersegment Elimination Growth	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Evergy, Inc. (EVRG) has a price-to-earnings (P/E) ratio of 20.0x. This is roughly in line with market averages.

Growth & Financials

Evergy, Inc. (EVRG) reported $5.83B in revenue for fiscal year 2024. This represents a 169% increase from $2.17B in 2011.

Evergy, Inc. (EVRG) grew revenue by 6.2% over the past year. This is steady growth.

Yes, Evergy, Inc. (EVRG) is profitable, generating $840.1M in net income for fiscal year 2024 (15.0% net margin).

Dividend & Returns

Yes, Evergy, Inc. (EVRG) pays a dividend with a yield of 3.41%. This makes it attractive for income-focused investors.

Evergy, Inc. (EVRG) has a return on equity (ROE) of 8.9%. This is below average, suggesting room for improvement.

Evergy, Inc. (EVRG) had negative free cash flow of $138.2M in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Evergy, Inc. (EVRG) has a dividend payout ratio of 68%. This suggests the dividend is well-covered and sustainable.

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