Evergy (EVRG) AI Stock Analysis

• Market Cap: $17.94B
• Dividend Yield: 3.42%
• Average Volume (3M): 2.12M
• Price to Earnings (P/E): 21.5
• Beta (1Y): 0.19
• Revenue Growth: 3.28%
• EPS Growth: 13.56%
• Country: US
• Employees: 4,731
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): 0.82
• Shares Outstanding: 230,155,320
• 10 Day Avg. Volume: 1,727,002
• 30 Day Avg. Volume: 2,118,674
• PEG Ratio: 0.85
• Price to Book (P/B): 1.42
• Price to Sales (P/S): 2.42
• P/FCF Ratio: -40.17
• Enterprise Value/Market Cap: 1.72
• Enterprise Value/Revenue: 5.25
• Enterprise Value/Gross Profit: 10.08
• Enterprise Value/Ebitda: 11.55
• 1Y Price Target: $81.80
• Price Target Upside: 4.93% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 68 Neutral
• Price Target: $86.00 ▲(10.31% Upside)

Evergy's overall stock score is driven by strong technical momentum and positive earnings call sentiment. While financial performance shows profitability, challenges in revenue growth and cash flow need attention. Valuation is fair with a good dividend yield, making it attractive for income investors.

Positive Factors

Regulatory Milestones

Achieving regulatory milestones for new plants and solar farms strengthens Evergy's infrastructure and supports its transition to cleaner energy, enhancing long-term operational efficiency and sustainability.

Long-Term Growth Targets

Reaffirming long-term growth targets indicates confidence in strategic initiatives and market position, supporting sustained earnings growth and shareholder value over the next several years.

Advanced Nuclear Energy Exploration

Exploring advanced nuclear energy options aligns with Evergy's strategy to diversify energy sources, potentially enhancing energy reliability and reducing carbon emissions, which is crucial for long-term sustainability.

Negative Factors

Revenue Growth Challenges

A significant decline in revenue growth poses a risk to Evergy's ability to expand its market presence and could impact future profitability if not addressed through strategic initiatives.

Negative Free Cash Flow

Negative free cash flow limits Evergy's ability to invest in growth opportunities and manage debt, potentially constraining financial flexibility and impacting long-term operational capabilities.

High Debt Levels

High debt levels can strain financial resources and increase risk, particularly if revenue growth does not improve, potentially affecting Evergy's ability to invest in future projects.

Evergy Business Overview & Revenue Model

Company Description

Evergy, Inc. (EVRG) is a publicly traded energy company headquartered in Kansas City, Missouri, providing electric utility services to approximately 1.6 million customers in Kansas and Missouri. The company operates through two primary segments: Evergy Kansas and Evergy Missouri, delivering reliable electricity while focusing on sustainability and innovative energy solutions. Evergy is committed to transitioning to cleaner energy sources, investing in renewable energy projects, and enhancing grid infrastructure to ensure efficient service delivery.

How the Company Makes Money

Evergy generates revenue primarily through the sale of electricity to residential, commercial, and industrial customers. The company's revenue model is based on regulated utility rates, which are approved by state public utility commissions. Key revenue streams include residential electricity sales, commercial and industrial power contracts, and ancillary services related to energy distribution. Additionally, Evergy benefits from partnerships with renewable energy developers and government initiatives aimed at increasing the share of clean energy in its portfolio. Factors contributing to its earnings include the demand for electricity, regulatory frameworks, infrastructure investments, and ongoing efforts to optimize operational efficiency.

Evergy Financial Statement Overview

Summary

Evergy demonstrates stable revenue growth and strong profit margins, typical for the regulated electric industry. However, high leverage and negative free cash flow indicate financial risks, particularly in capital management.

Income Statement

Evergy's income statement shows a stable revenue growth with a TTM revenue growth rate of 0.81% compared to prior year. The gross profit margin stands solid at 47.48% TTM, reflecting efficient cost management. Net profit margin is healthy at 14.86% TTM. However, slight fluctuations in EBIT and EBITDA margins at 25.50% and 45.44% TTM, respectively, indicate variability in operating efficiency.

Balance Sheet

The balance sheet reveals a moderately leveraged position with a debt-to-equity ratio of 1.45 TTM, which is typical for the industry. ROE is decent at 8.82% TTM, indicating effective equity utilization. The equity ratio at 30.60% TTM suggests a balanced approach between equity and liabilities but highlights potential risk in high leverage.

Cash Flow

Evergy's cash flow shows a concerning free cash flow trajectory, with a negative free cash flow of -$194.8 million TTM. Operating cash flow coverage of net income is strong at 2.42 TTM, indicating good cash conversion. However, the free cash flow to net income ratio is negative, reflecting challenges in covering capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.88B	5.85B	5.51B	5.86B	5.59B	4.91B
Gross Profit	3.06B	3.03B	2.77B	2.63B	2.63B	2.39B
EBITDA	2.67B	2.64B	2.42B	2.19B	2.32B	2.05B
Net Income	840.10M	873.50M	731.30M	752.70M	879.70M	618.30M
Balance Sheet
Total Assets	32.91B	32.28B	30.98B	29.49B	28.52B	27.11B
Cash, Cash Equivalents and Short-Term Investments	27.80M	22.00M	27.70M	25.20M	26.20M	144.90M
Total Debt	14.81B	14.07B	13.15B	12.04B	11.17B	10.32B
Total Liabilities	22.91B	22.29B	21.29B	20.00B	19.28B	18.40B
Stockholders Equity	9.96B	9.96B	9.66B	9.48B	9.24B	8.73B
Cash Flow
Free Cash Flow	-138.20M	-352.90M	-353.80M	-364.60M	-620.80M	193.50M
Operating Cash Flow	2.12B	1.98B	1.98B	1.80B	1.35B	1.75B
Investing Cash Flow	-2.23B	-2.26B	-2.47B	-2.15B	-1.91B	-1.53B
Financing Cash Flow	104.20M	280.30M	494.00M	349.30M	443.40M	-98.40M

Evergy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 77.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVRG, the sentiment is Positive. The current price of 77.96 is above the 20-day moving average (MA) of 77.41, above the 50-day MA of 74.12, and above the 200-day MA of 68.12, indicating a bullish trend. The MACD of 1.25 indicates Positive momentum. The RSI at 60.76 is Neutral, neither overbought nor oversold. The STOCH value of 49.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EVRG.

Evergy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LNT	71 Outperform	$17.72B	21.31	11.94%	2.90%	4.62%	32.23%
CMS	69 Neutral	$22.38B	22.06	12.48%	2.85%	8.25%	4.37%
OGE	69 Neutral	$9.30B	18.97	10.76%	3.64%	16.01%	19.05%
PNW	69 Neutral	$11.00B	18.98	8.90%	3.87%	7.47%	-8.53%
EVRG	68 Neutral	$17.94B	21.45	8.55%	3.42%	3.28%	13.56%
PPL	67 Neutral	$27.62B	28.08	6.96%	2.88%	6.62%	17.35%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%

Evergy Corporate Events

Evergy Appoints Charles Caisley as EVP and CCO

On August 28, 2025, Evergy‘s Board of Directors appointed Charles Caisley as Executive Vice President, Utility Operations and Chief Customer Officer, effective October 1, 2025. This appointment signifies an expansion of Mr. Caisley’s responsibilities within the company, potentially impacting Evergy’s operational dynamics and stakeholder relations.

The most recent analyst rating on (EVRG) stock is a Buy with a $77.00 price target. To see the full list of analyst forecasts on Evergy stock, see the EVRG Stock Forecast page.

Evergy Issues $400 Million in Mortgage Bonds

On August 15, 2025, Evergy Metro issued $400 million in 5.125% Mortgage Bonds due 2035, under an agreement with several major financial institutions. This issuance is part of Evergy Metro’s strategy to strengthen its financial position and support long-term growth, potentially impacting its market standing and stakeholder interests.

The most recent analyst rating on (EVRG) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Evergy stock, see the EVRG Stock Forecast page.

Evergy, Inc. Surpasses Q2 Earnings Expectations

The recent earnings call for Evergy, Inc. was marked by a generally positive sentiment, highlighting the company’s strong operational performance and regulatory achievements. Despite challenges such as increased operational and maintenance costs and unfavorable weather conditions, Evergy showcased its potential for future growth through a robust economic development pipeline. Additionally, the decision to exit nonregulated investments, while contributing to losses, was part of a strategic shift to strengthen the company’s core operations.

Evergy, Inc. Reports Q2 2025 Earnings and Dividend

Evergy, Inc. is a utility company based in Kansas City, Missouri, providing electricity to 1.7 million customers across Kansas and Missouri, with a focus on delivering reliable, affordable, and sustainable energy.

Evergy Reports Q2 2025 Financial Results and Dividend

On August 7, 2025, Evergy announced its second quarter 2025 financial results, reporting a GAAP EPS of $0.74, down from $0.90 in 2024, and adjusted EPS of $0.82, compared to $0.90 in the previous year. The decrease was attributed to milder weather, increased operational expenses, and higher interest and depreciation costs, partially offset by revenue growth from regulated investments and increased electricity demand. Despite these challenges, Evergy reaffirmed its 2025 adjusted EPS guidance of $3.92 to $4.12 and declared a quarterly dividend of $0.6675 per share. The company also highlighted its progress in regulatory settlements and approvals for new energy projects, indicating strong stakeholder alignment and a focus on economic development.

The most recent analyst rating on (EVRG) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on Evergy stock, see the EVRG Stock Forecast page.