Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Evergy delivered a strong Q1 2026 with revenue up 5.0% to $1.44B and net income surging 21.2% to $151.5M, though operating cash flow declined 19.4% and the current ratio of 0.45 signals near-term liquidity pressure amid heavy capital investment.
Revenue
$1.44B
+5.03% YoY
EPS (Diluted)
$0.64
+18.52% YoY
Operating Income
$318.4M
+9.19% YoY
Source: SEC XBRL
Evergy (EVRG) reported Q1 FY2026 revenue of $1.44B, up 5.0% year over year. Operating margin was 22.1%, up 0.9 points from 21.2% a year earlier. Operating cash flow was $362.5M, down 19.4% year over year. EVRG's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 2 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.88 | 0.85 | Beat +4.0% |
| Mar 2026This filing | 0.69 | 0.66 | Beat +4.6% |
| Dec 2025 | 0.42 | 0.58 | Miss -27.3% |
| Sep 2025 | 2.03 | 2.10 | Miss -3.2% |
Adjusted (non-GAAP) EPS of $0.69 versus the $0.66 analyst consensus — a +4.6% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.64.
Compiled by AI from this SEC filing
Total revenue increased 5.0% year-over-year to $1.44B in Q1 2026 (vs. $1.37B in Q1 2025), reflecting higher utility rates and improved customer demand, consistent with regulated utility pricing mechanisms.
Source: 10-Q Income Statement (XBRL Financial Data)
Net income rose 21.2% to $151.5M and diluted EPS grew 18.5% to $0.64, significantly outpacing revenue growth, suggesting improved cost management and operating leverage within the regulated utility structure.
Source: 10-Q Income Statement (XBRL Financial Data)
Operating margin improved approximately 84 basis points to 22.1% from 21.2% in the prior-year period, indicating that operating expenses grew more slowly than revenues and that efficiency initiatives are bearing fruit.
Source: 10-Q Key Ratios (XBRL Financial Data)
Investing cash outflows reached -$756.6M in Q1 2026, a 26.3% increase versus -$598.9M in Q1 2025, reflecting an accelerating capital expenditure program likely tied to grid modernization and clean energy transition projects.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
Financing cash flows jumped 133.5% to $400.7M, suggesting Evergy issued significant new debt or equity to fund its capital program, consistent with the $741.5M increase in long-term debt year-over-year to $13.15B.
Source: 10-Q Cash Flow Statement & Balance Sheet (XBRL Financial Data)
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
Evergy's current ratio stands at just 0.45, meaning current liabilities of $4.22B are more than double current assets of $1.88B. Current liabilities surged 27.3% year-over-year, while cash and equivalents fell 47.9% to only $18.4M, creating meaningful near-term liquidity risk that may require additional short-term borrowings.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Long-term debt increased 6.0% to $13.15B, representing a substantial leverage position relative to stockholders' equity of $10.16B. In a rising or sustained high interest rate environment, refinancing costs could pressure future earnings and cash flows materially.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Operating cash flow fell 19.4% to $362.5M while investing outflows grew to -$756.6M, resulting in a significant free cash flow deficit. This gap is being bridged by external financing, which is unsustainable long-term without rate case approvals or asset monetization.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
As a regulated utility, Evergy's ability to recover capital investments and earn an adequate return depends on timely and favorable rate case decisions from state utility commissions in Kansas and Missouri. Delays or unfavorable outcomes could impair the company's ability to service its growing debt load.
Source: 10-Q Financial Data (XBRL); regulatory context inferred from utility business model
Evergy paid $157.6M in dividends in Q1 2026, which exceeds net income of $151.5M for the quarter and represents a significant portion of operating cash flow of $362.5M. If operating cash flows continue to decline, dividend coverage could become strained.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.44 $B | 1.37 $B | +5.03% |
Operating Income $M | 318.40 $M | 291.60 $M | +9.19% |
Net Income $M | 151.50 $M | 125.00 $M | +21.20% |
EPS (Basic) $ | 0.66 $ | 0.54 $ | +22.22% |
EPS (Diluted) $ | 0.64 $ | 0.54 $ | +18.52% |
Answers draw on this SEC filing and the data on this page
Evergy delivered strong second quarter earnings growth driven by new Kansas rates and data center demand, despite rising interest costs.
EVRG delivered modest FY2025 revenue growth of 2.0% to $5.96B, but net income declined 2.0% to $855.6M as rising long-term debt and heavy capital investment weighed on the bottom line.
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