Evergy, Inc. (EVRG) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

Evergy, Inc. (EVRG) Utility Operations & Dividend Profile

Evergy, Inc. (EVRG) is a regulated electric utility generating, transmitting, and distributing electricity across Kansas and Missouri. With a focus on both traditional and renewable energy sources, Evergy serves over 1.6 million customers and maintains a substantial infrastructure network, positioning it as a key player in the regional energy market.

What Is the Investment Thesis for EVRG?

Evergy presents a stable investment opportunity within the regulated electric utility sector. The company's consistent profitability, demonstrated by a 14.7% profit margin, and a dividend yield of 3.33% offer potential for income-focused investors. Growth catalysts include ongoing investments in renewable energy infrastructure and grid modernization projects. The company's beta of 0.60 suggests lower volatility compared to the broader market. However, investors may want to evaluate regulatory risks and the impact of fluctuating fuel costs on profitability. The company's P/E ratio of 20.24 reflects a premium valuation, indicating market expectations for continued stability and growth within its service territories.

Based on FMP financials and quantitative analysis

EVRG Key Highlights

Market capitalization of $18.8B, reflecting substantial investor confidence in the regulated utility sector.

• Profit margin of 14.7%, indicating efficient operations and cost management.
• Gross margin of 41.5%, showcasing the company's ability to generate revenue above the cost of goods sold.
• Dividend yield of 3.33%, providing a steady income stream for investors.
• Beta of 0.60, suggesting lower volatility compared to the broader market, making it a potentially stable investment.

Who Are EVRG's Competitors?

EVRG is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are EVRG's Key Strengths?

Stable revenue stream due to regulated utility status.

• Diversified energy generation portfolio.
• Extensive infrastructure network.
• Commitment to renewable energy investments.

What Are EVRG's Weaknesses?

Dependence on regulatory approvals.

• Exposure to fluctuating fuel costs.
• Aging infrastructure requiring ongoing maintenance.
• Limited geographic diversification.

What Could Drive EVRG Stock Higher?

Regulatory approvals for infrastructure investments and rate adjustments.

• Completion of renewable energy projects and integration into the grid.
• Implementation of grid modernization initiatives to improve reliability and efficiency.
• Potential acquisitions of smaller utilities or renewable energy projects.

What Are the Key Risks for EVRG?

Financial-distress signal — its Altman Z-Score of 0.76 sits in the distress zone (elevated bankruptcy risk).

• Insider selling — insiders were net sellers of roughly $1.1M recently.
• Changes in regulatory policies impacting rate structures and investment returns.
• Fluctuations in fuel costs affecting profitability.
• Economic downturn in service territories reducing electricity demand.
• Cybersecurity threats to grid infrastructure.
• Delays in project completion due to supply chain disruptions or regulatory hurdles.

What Are the Growth Opportunities for EVRG?

• Expansion of Renewable Energy Portfolio: Evergy has the opportunity to significantly expand its renewable energy portfolio, capitalizing on declining costs of solar and wind power. This expansion can be driven by regulatory mandates for renewable energy standards in Kansas and Missouri. Increased investment in solar and wind projects could attract environmentally conscious investors and reduce reliance on fossil fuels. The market for renewable energy is projected to grow substantially over the next decade, presenting a significant growth avenue for Evergy.
• Grid Modernization Investments: Investments in grid modernization, including smart grid technologies and advanced metering infrastructure (AMI), offer substantial growth opportunities. These investments can improve grid reliability, reduce outages, and enable better integration of renewable energy sources. Regulatory support for grid modernization projects can provide a stable funding source. The market for smart grid technologies is expected to grow, driven by the need for a more resilient and efficient energy infrastructure.
• Infrastructure Development in Service Territories: Population and economic growth within Evergy's service territories in Kansas and Missouri drive the need for expanded electricity infrastructure. New residential and commercial developments require additional transmission and distribution capacity. Strategic investments in infrastructure development can support this growth and increase Evergy's customer base. The long-term economic outlook for Kansas and Missouri supports continued infrastructure expansion.
• Strategic Acquisitions: Evergy can pursue strategic acquisitions of smaller utilities or renewable energy projects to expand its geographic footprint and diversify its energy portfolio. Acquisitions can provide access to new markets, technologies, and customer bases. Careful evaluation of acquisition targets and integration strategies is essential for successful execution. The utility sector is consolidating, presenting opportunities for Evergy to grow through acquisitions.
• Electric Vehicle (EV) Infrastructure Development: The increasing adoption of electric vehicles (EVs) creates a significant growth opportunity for Evergy. Investing in EV charging infrastructure can support the transition to electric transportation and increase electricity demand. Partnerships with municipalities and businesses can facilitate the deployment of EV charging stations. The market for EV charging infrastructure is expected to grow rapidly as EV adoption increases.

What Are EVRG's Competitive Advantages?

• Regulated utility status provides a protected market and predictable revenue stream.
• Extensive infrastructure network creates a barrier to entry for competitors.
• Long-term customer relationships and high switching costs.
• Diversified energy generation portfolio reduces reliance on any single fuel source.

What Does EVRG Do?

Evergy, Inc. was formed in 2017 through the merger of Westar Energy and Great Plains Energy, creating a leading energy provider in Kansas and Missouri. The company is headquartered in Kansas City, Missouri, and operates as a regulated electric utility. Evergy generates electricity from a diverse mix of sources, including coal, natural gas, nuclear, wind, and solar. It maintains an extensive infrastructure network comprising 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. Evergy serves approximately 1,620,400 customers, including residential, commercial, industrial, and municipal clients. The company is committed to transitioning to cleaner energy sources and investing in grid modernization to enhance reliability and efficiency. Evergy's operations are primarily concentrated in the regulated utility sector, providing a stable revenue base and long-term growth opportunities through infrastructure investments and renewable energy expansion.

What Products and Services Does EVRG Offer?

• Generates electricity from various sources, including coal, natural gas, nuclear, wind, and solar.
• Transmits electricity through high-voltage transmission lines.
• Distributes electricity to residential, commercial, and industrial customers.
• Maintains and upgrades electricity infrastructure, including power plants, transmission lines, and distribution networks.
• Invests in renewable energy projects to reduce carbon emissions.
• Provides customer service and energy efficiency programs.

How Does EVRG Make Money?

• Generates revenue through the sale of electricity to customers.
• Operates under a regulated utility model, with rates set by state regulatory commissions.
• Invests in infrastructure and renewable energy projects to support long-term growth.
• Manages costs to maintain profitability and provide competitive rates.

What Industry Does EVRG Operate In?

Evergy operates within the regulated electric utility industry, characterized by stable demand and government oversight. The industry is undergoing a transition towards renewable energy sources, driven by environmental concerns and technological advancements. Companies like Evergy are investing in wind, solar, and other renewable energy projects to meet regulatory requirements and customer demand for cleaner energy. The competitive landscape includes other regulated utilities such as Edison International (EIX) and CMS Energy Corporation (CMS), which operate in different geographic regions. The industry is also influenced by factors such as interest rates, energy prices, and regulatory policies.

Who Are EVRG's Key Customers?

• Residential customers
• Commercial businesses
• Industrial facilities
• Municipalities
• Other electric utilities

Company Profile

Evergy, Inc. operates in the Regulated Electric industry within the Utilities sector. It is headquartered in Kansas City, US. The company is led by CEO David A. Campbell. EVRG has traded publicly since 2018.

Return on equity for Evergy, Inc. stands at 9.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.6%, showing how much profit it generates from its asset base. EVRG trades at a trailing price-to-earnings ratio of 20.24, above the Utilities sector average of ~16.60x. Its free cash flow yield is -7.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.36 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 4.9%, the inverse of the P/E and a quick read on earnings relative to price.

EVRG Valuation & Market Position

With a $18.8B market cap, Evergy, Inc. sits in the large-cap segment of the market. Analyst price targets span from $87.00 to $97.00, with a consensus of $92.25. At the current price of $81.36, that implies approximately 13% upside potential. Relative to its peer group, EVRG's quantitative score of 45/100 is roughly in line with the peer average of 55/100.

Quarterly Financial Performance: Evergy, Inc.

Revenue for Evergy, Inc. came in at $1.50B during Q2 FY2026, a 3.9% improvement versus the preceding quarter. The company recorded net income of $215.0M, with diluted EPS of $0.91. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this large-cap Utilities company. Across the four most recent quarters, EVRG averaged $0.99 in diluted EPS.

Evergy, Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.76 places it in the distress zone, a signal of elevated financial risk.

Evergy, Inc. has beaten Wall Street's EPS estimate in 4 of its last 8 reported quarters — more hits than misses. Reported results have landed about 1.9% below estimates on average.

Over the past six months, Evergy, Inc. insiders filed 21 SEC Form 4 transactions — 5 sales and 16 purchases. On net that is roughly 10K shares acquired (about $1.1M) — insiders putting money in tends to read as conviction.

EVRG Financials

EVRG earnings history & estimates →

EVRG Latest News

EVRG Analyst Consensus

EVRG MoonshotScore

Common Questions About EVRG (Utilities)

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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