EVRG
Evergy, Inc.
EVRG's fundamentals are mixed: earnings per share grew 23%, but free cash flow was negative. At 20x earnings, it's trading in line with its usual 19x. Analysts expect earnings to hold roughly steady, though they disagree widely on how much.
EVRG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Weak | |
| Weak |
EVRG's revenue and profitability are currently healthy, but its cash flow and balance sheet are weak.
EVRG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $76.79 | -13% |
| Fair | 19x | $84.12 | -4.7% |
| Current | 20x | $88.27 | — |
| Forward | 20x | $88.27 | — |
| Expensive | 21x | $96.14 | +8.9% |
Historical ranges are pointers, not guarantees.
EVRG's PE is in its fair range at 19.7x. On analysts' estimates for next year's earnings, today's price would be 19.7x.
EVRG Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect EVRG's revenue to grow, but its profitability to weaken. However, they disagree widely on these estimates.
EVRG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.49 | 0% |
| Q3 2026 | $4.49 | +23% |
| Q2 2026 | $3.93 | +8% |
| Q1 2026 | $3.76 | -1.1% |
| Q4 2025 | $3.66 | -3.4% |
| Q3 2025 | $3.65 | -1.1% |
| Q2 2025 | $3.64 | +14% |
| Q1 2025 | $3.80 | +23% |
| Q4 2024 | $3.79 | +20% |
EVRG earned $4.49 per share over the past year, up 23% from the year before.
EVRG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.1B | +16% |
| Q2 2026 | $1.5B | +4.4% |
| Q1 2026 | $1.4B | +5% |
| Q4 2025 | $1.3B | +6.6% |
| Q3 2025 | $1.8B | -0.1% |
| Q2 2025 | $1.4B | -0.7% |
| Q1 2025 | $1.4B | +3.3% |
| Q4 2024 | $1.3B | +5.9% |
EVRG's revenue has grown year over year for four quarters in a row: $2.1B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 39% | +2.2 points |
| Q2 2026 | 25% | +1.4 points |
| Q1 2026 | 22% | +0.8 points |
| Q4 2025 | 18% | +0.2 points |
| Q3 2025 | 36% | +1.7 points |
| Q2 2025 | 24% | -0.8 points |
| Q1 2025 | 21% | +1.7 points |
| Q4 2024 | 18% | +2.5 points |
EVRG's operating margin was 39% last quarter, up 2.2 points from the same quarter a year ago, near the top of its range since 2019.
EVRG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $85.3M | -62% |
| Q2 2026 | -$611.3M | -$307.9M |
| Q1 2026 | -$489.4M | -$346.2M |
| Q4 2025 | -$530.5M | -$411.9M |
| Q3 2025 | $225.4M | -47% |
| Q2 2025 | -$303.4M | +$56.6M |
| Q1 2025 | -$143.2M | +$158.1M |
| Q4 2024 | -$118.6M | +$129M |
EVRG has burned cash in most quarters: −$1.5B over the past year, against −$340M the year before.
EVRG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +300K shares |
| 1 year | +1.2% | +2.7M shares |
| 3 years | +2.7% | +6.3M shares |
| 5 years | +2.9% | +6.6M shares |
| Available history | -1.3% | -3.1M shares |
EVRG has 237M diluted shares, up 1.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
EVRG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.1x | High |
| Q2 2026 | 4.9x | High |
| Q1 2026 | 5.6x | High |
| Q4 2025 | 5.5x | High |
| Q3 2025 | 5.4x | High |
| Q2 2025 | 5.5x | High |
| Q1 2025 | 5.3x | High |
| Q4 2024 | 5.3x | High |
EVRG's net debt is about 5.1 years of its operating earnings (EBITDA), down from 5.4 years a year ago.
EVRG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.8 | Neutral |
| Stochastic | 85.8 | Overbought |
EVRG's weekly RSI is 64 (neutral) and its Stochastic is 86 (overbought).
EVRG PE vs Utilities Sector
| Metric | EVRG | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 20x | 3.7% below |
| PE % | 64 | 44 | 20 pts above |
EVRG is trading at 20x earnings, in line with the Utilities sector's median of 20x.
EVRG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $83.5 | 5.8% above |
| 20 week MA | $83.5 | 5.8% above |
| 50 week MA | $81.3 | 8.6% above |
| 100 week MA | $75.3 | 17% above |
| 200 week MA | $65.8 | 34% above |
EVRG is in an uptrend: it's above all five of its weekly moving averages, and 34% above its 200-week average.
EVRG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $64.1 | $53.4 | -17% |
| 2021 | $53.4 | $66.8 | +25% |
| 2022 | $66.8 | $63.3 | -5.1% |
| 2023 | $63.3 | $52.2 | -18% |
| 2024 | $52.2 | $61.7 | +18% |
| 2025 | $61.7 | $72.8 | +18% |
| 2026 YTD | $72.8 | $88.3 | +21% |
EVRG has finished lower in three of the last six years. It's up 21% so far in 2026.