EVRG on Nasdaq

Evergy

Logo: Evergy, Public domain, via Wikimedia Commons4

United States utility company

Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

1909Founded1

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  • TickerEVRG on Nasdaq1
  • Industryelectricity supply company1
  • HeadquartersTopeka1
  • Websitewww.evergy.com
  • Business address1200 Main Street, Kansas City, Mo 641055
  • Filer categoryLarge accelerated filer5

Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri. Its more than 40 power plants have generating capacity of 16,000 megawatt electricity in Kansas and Missouri. Service territory covers 28,130 square miles (72,900 km2) in east Kansas and west Missouri. It owns more than 10,100 miles (16,300 km) of transmission lines and about 52,000 miles (84,000 km) of distribution lines.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

26.9%Operating margin7
15.0%Net margin7
0.0%Revenue growth, 20257
8.4%Return on equity7
1.28×Debt to equity7
-$751.7MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs74¢$4.2B
  • Interest11¢$616.3M
  • Income tax1¢$29.9M
  • Profit15¢$855.6M

Out of $5.7B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending82¢$2.8B
  • Dividends paid18¢$613.1M

Out of $2.0B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.7

Financial statements

Revenue8910117$5.7B in 2025+14% since 2019
0$2.0B$4.0B$6.0B2019: $5.0B$5.0B20192020: $4.8B$4.8B2020−5%2021: $5.3B$5.3B2021+11%2022: $5.6B$5.6B2022+5%2023: $5.3B$5.3B2023−4%2024: $5.7B$5.7B2024+7%2025: $5.7B$5.7B2025+0%
Operating income8910117$1.5B in 2025+29% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.2B$1.2B20192020: $1.1B$1.1B2020−4%2021: $1.4B$1.4B2021+18%2022: $1.3B$1.3B2022−6%2023: $1.3B$1.3B2023+1%2024: $1.5B$1.5B2024+14%2025: $1.5B$1.5B2025+4%
Net income8910117$855.6M in 2025+28% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $669.9M$669.9M20192020: $618.3M$618.3M2020−8%2021: $879.7M$879.7M2021+42%2022: $752.7M$752.7M2022−14%2023: $731.3M$731.3M2023−3%2024: $873.5M$873.5M2024+19%2025: $855.6M$855.6M2025−2%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
OPERATING REVENUES$6.0B$5.8B$5.5B
Fuel and purchased power$1.4B$1.5B$1.5B
SPP network transmission costs$438.0M$370.9M$302.6M
Operating and maintenance$995.3M$961.9M$945.3M
Depreciation and amortization$1.2B$1.1B$1.1B
Taxes other than income tax$420.1M$452.6M$406.6M
Total Operating Expenses$4.4B$4.4B$4.2B
INCOME FROM OPERATIONS$1.5B$1.5B$1.3B
Investment earnings-$35.0M$4.6M$29.7M
Other income$46.4M$38.9M$40.6M
Other expense-$37.0M-$40.4M-$75.1M
Total Other Income (Expense), Net-$25.6M$3.1M-$4.8M
Interest expense$616.3M$563.1M$525.8M
INCOME BEFORE INCOME TAXES$891.0M$908.0M$751.8M
Income tax expense$29.9M$30.0M$15.6M
Equity in earnings of equity method investees, net of income taxes$6.8M$7.8M$7.4M
NET INCOME$867.9M$885.8M$743.6M
Less: Net income attributable to noncontrolling interests$12.3M$12.3M$12.3M
Net income attributable to Evergy, Inc.$855.6M$873.5M$731.3M

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The story

History of Westar Energy

Western Resources was the product of a 1992 merger between the two major electric companies in eastern Kansas, Kansas Gas and Electric (KG&E) of Wichita and Kansas Power and Light (KPL) of Topeka.

KG&E was founded in 1909 when the American Power and Light Company took over electric companies in Wichita, Pittsburg and Frontenac. Within a decade, it served over 48,000 people in 50 cities and towns. It also provided natural gas to several of the larger cities in its service territory.

KPL was founded in 1924, and quickly expanded across northeastern Kansas. In 1983, it merged with The Gas Service Company, a natural gas utility serving customers in Kansas, Missouri, Nebraska and Oklahoma.

In 1992, KPL merged with KG&E to become Western Resources, with KPL and KG&E as operating companies. The merger created one of the largest utilities in the Midwest, serving 560,000 electric customers and 1.06 million natural gas customers in three states. In 1996, Western Resources sold its natural gas business to ONEOK as Kansas Gas Service; this company became part of ONE Gas. In return, Western Resources acquired a 45 percent stake in ONEOK; it sold this stake in 2003.

In 2002, Western Resources officially changed its name to Westar Energy, and all of its subsidiaries began doing business under that name.

History of Kansas City Power & Light

Kansas City Power and Light Company was an electric utility serving the Kansas City metropolitan area. It was a wholly owned subsidiary, and biggest component, of Great Plains Energy.

In November 1881, Joseph S. Chick obtained the exclusive rights to use the Thompson-Houston arc lighting system in the counties of Jackson, Missouri, and Wyandotte, Kansas, for $4,000. In December, the initial franchise to establish an electric works in the City of Kansas, Missouri, was granted to Lysander R. Moore and later assigned to Kawsmouth Electric Light Company. Construction was begun in February 1882 on a power plant on a tract of land at the southeast corner of 8th and Santa Fe Streets in the West Bottoms. Kawsmouth Electric Light Company built quickly and, on Saturday night, May 13, 1882, brought electric illumination to the first 13 customers on the west side of Main Street in the downtown district. In 1885, the company reincorporated as Kansas City Electric Light Company.

Weeks spun off the Edison Electric Light & Power Company to meet residential demand. An electric war ensued when in 1883 J. Ogden Armour, heir to the Armour Packing Company, purchased the company on May 14, 1900, to power the Metropolitan Street Railway Company and Kansas City Electric Light Company. Under Armour, the company bought competitors and built a new power plant in 1903, providing steam heat to downtown businesses. The company focused on the trolley company and in 1911 it went into receivership. In October 1917, the company spun off the trolley business (which still controlled some power plants) and emerged from bankruptcy as Kansas City Light & Power Company with Edison Pioneer, Joseph F. Porter, as President. Porter found the weakened company's most urgent needs were for more energy and more efficient plants. Thus, the company began construction on the Northeast Power station, the company's first modern generating complex.

Read the full text

Increased construction costs forced the company to reincorporate again, in June 1919, as Kansas City Power and Light Company. After acquiring the Carroll County Electric Company on July 29, 1922, the reorganized company became Kansas City Power & Light Company, adopting the ampersand and corporate name that continues. Armour sold his interest in 1923. Continental Gas & Electric Corporation purchased the controlling interest in 1924 and was part of United Light and Power until United dissolved in 1950.

Under Porter's twenty-one year leadership, the company prospered. Capitalization rose from $7 million to $82.5 million (or $160 million to $1.89 billion in 2025, inflation adjusted). Assured of a strong financial base, Porter ordered construction of the 32-story Kansas City Power and Light Building, which was completed in 1931 and remained the company's headquarters until 1991. Today, the building remains a prominent feature of the downtown Kansas City skyline and namesake for the Kansas City Power & Light District. In 1938, Porter resigned his position as president, though he remained chairman of the board until his death in 1942.

The Hawthorn Station, situated on the Missouri River, was started in 1948, and the first of two units were completed in 1951. Two other units followed and were fully operational by 1956. Kansas City Power became independent in 1950. It acquired Eastern Kansas Utilities in 1952. It was part of a consortium that built Wolf Creek Nuclear Generating Station in Burlington, Kansas.

On October 1, 2001, a holding company, Great Plains Energy Incorporated, was established in Kansas City, Missouri that owned electric utility Kansas City Power and Light Company and Strategic Energy, LLC, an energy management company.

It acquired Aquila, Inc. in July, 2008.

In 2014, it ranked number 855 on the Fortune 1000 list.

From Wikipedia’s article on Evergy, shared under CC BY-SA 4.0.6

Leadership

Who has led Evergy, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (33)

Products and brands

  • electricity generation

Listed on Wikidata.1

Wolf Creek Nuclear Generating Station – Burlington, Kansas

La Cygne Generating Station – La Cygne, Kansas

Lawrence Energy Center – Lawrence, Kansas

Abilene Energy Center – Abilene, Kansas

Read the full text

Central Plains Wind Farm – Leoti, Kansas

Emporia Energy Center – Emporia, Kansas

Flat Ridge Wind Energy – Nashville, Kansas

Gordon Evans Energy Center – Colwich, Kansas

Hutchinson Energy Center – Hutchinson, Kansas

Hawthorn Generating Station - Kansas City, Mo

Iatan Generating Station - Weston, Missouri

Jeffrey Energy Center – St. Marys, Kansas

Meridian Way Wind Farm – Concordia, Kansas

Murray Gill Energy Center – Wichita, Kansas

Neosho Energy Center (out of use since 2012) – Parsons, Kansas

Rolling Meadows Landfill Gas to Energy Plant – Topeka, Kansas

Spring Creek Energy Center – Logan County, Oklahoma

State Line Combined Cycle Plant – Joplin, Missouri

Tecumseh Energy Center – Tecumseh, Kansas

Western Plains Wind Farm – Ford County, Kansas

From Wikipedia’s article on Evergy, shared under CC BY-SA 4.0.6

Acquisitions

In 2016, Great Plains Energy announced plans to acquire Westar, but this proposed merger was rejected by Kansas Corporation Commission utility regulators as unfavorable to Kansas consumers. A new plan with Great Plains merging with Westar was announced in 2017. As of May 24, 2018, this merger has been approved by both the Missouri Public Service Commission and the Kansas Corporation Commission, with the combined company to be named Evergy. KCP&L and Westar became the two operating companies of Evergy.

On October 7, 2019, the Westar and KCP&L brands were retired and the company adopted the Evergy brand across its entire service territory.

On December 28, 2022, the company switched its stock exchange listing to the Nasdaq Global Select Market.

From Wikipedia’s article on Evergy, shared under CC BY-SA 4.0.6

Former names

  • Monarch Energy Holding, Inc.Jul 10, 2017 to Nov 16, 20175

Timeline

  1. Jun 6, 2018New chief executive Terry D. Bassham becomes CEO16
  2. 1909Founded Founded1

Recent filings

  1. Oct 9, 20264/A PRIMARY DOCUMENT
  2. Oct 9, 20264 PRIMARY DOCUMENT
  3. Oct 5, 20264 PRIMARY DOCUMENT
  4. Oct 5, 20264 PRIMARY DOCUMENT
  5. Oct 5, 20264 PRIMARY DOCUMENT
  6. Sep 16, 20268-K
  7. Sep 15, 20264 PRIMARY DOCUMENT
  8. Aug 24, 20268-K
  9. Aug 18, 2026424B2
  10. Aug 17, 2026424B5
  11. Aug 17, 2026FWP
  12. Aug 6, 202610-Q
  13. Aug 6, 20268-K
  14. Jul 31, 2026SCHEDULE 13G/A
  15. Jul 1, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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