EVRG

Utilities

Evergy, Inc. · Regulated Electric · $19B

UQS Score — Balanced Preset
45.9
Below Average

Evergy, Inc. scores 45.9/100 using the Balanced preset.

UQS vs Utilities Sector
EVRG
45.9
Sector avg
43.5
Quality
Neutral
Moat
Neutral
Growth
Neutral
Risk
Weak
Valuation
Good

What is Evergy, Inc.?

Evergy, Inc. is a regulated electric utility serving customers across Kansas and Missouri. Incorporated in 2018 and headquartered in Kansas City, Missouri, the company operates an extensive transmission and distribution network spanning both states.

Evergy generates, transmits, distributes, and sells electricity to roughly 1.6 million customers — including residential, commercial, industrial, and municipal accounts. Its generation mix spans coal, natural gas, nuclear, hydroelectric, and a growing portfolio of renewable sources such as solar and wind. The company owns thousands of circuit miles of transmission and distribution infrastructure, making reliable grid operations central to its business model. Revenue flows primarily from regulated rates set by state utility commissions.

Evergy was incorporated in 2018 and is headquartered in Kansas City, Missouri.

  • Regulated electricity generation across multiple fuel sources
  • High-voltage transmission network spanning Kansas and Missouri
  • Overhead and underground distribution to residential and business customers
  • Renewable energy capacity including solar and wind generation
  • Municipal and industrial electricity supply services

Is EVRG a Good Stock to Buy?

UQS Score rates EVRG as Below Average overall, reflecting a mixed picture across its five quality pillars.

Valuation stands out as the clearest relative strength — EVRG's current pricing appears more attractive than many utility peers. Quality, Moat, and Growth each register as Neutral, suggesting the business is stable but not a standout performer within the regulated utility space.

Risk is the weakest pillar, flagging concerns that investors should weigh carefully — likely tied to balance sheet leverage and regulatory exposure common in capital-intensive utilities.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does EVRG pay dividends?

Yes — Evergy, Inc. pays a dividend.

Evergy pays a regular dividend, consistent with the capital-return culture typical of regulated utilities. Stable, rate-regulated cash flows support ongoing distributions to shareholders. Income-focused investors often look to utilities like Evergy for predictable payouts, though the sustainability of any dividend should be evaluated alongside the company's debt levels and regulatory environment.

When does EVRG report earnings?

Evergy reports earnings on a quarterly cadence, typical for US-listed equities.

As a regulated utility, Evergy's quarterly results tend to reflect seasonal demand patterns, rate case outcomes, and fuel cost movements rather than dramatic swings. Growth has been measured, consistent with the Neutral Growth pillar rating in the UQS framework.

For the most recent quarter's results and guidance updates, visit Evergy's investor relations page directly.

EVRG Price History

+56.6% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Evergy, Inc.?

$
Today it would be worth
$15,112
That's a +51.1% total return, or +8.6% annualized.

Based on Evergy, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

EVRG Long-term Outlook

Evergy's fundamental outlook is shaped by its regulated operating model, which limits both upside surprises and sharp downturns. The Neutral Growth pillar suggests modest expansion ahead — driven by infrastructure investment and gradual rate base growth — rather than rapid earnings acceleration. The Weak Risk pillar warrants attention, as elevated leverage and regulatory dependencies could constrain financial flexibility if interest rates remain high or rate cases disappoint.

Growth drivers

  • Rate base expansion through grid modernization and renewable energy investment
  • Growing electricity demand from commercial and industrial customers in Kansas and Missouri
  • Potential upside from favorable utility commission rate case decisions

Key risks

  • High debt load typical of capital-intensive utilities, flagged by the Weak Risk pillar
  • Regulatory risk from state utility commission rate decisions in Kansas and Missouri
  • Rising interest rates increasing the cost of ongoing infrastructure financing

EVRG vs Peers

Evergy operates in a competitive regulated utility landscape alongside several peers with distinct geographic and financial profiles.

AQNBEVRG scores higher
Algonquin Power & Utilities Corp

Algonquin has a broader North American footprint and a heavier emphasis on renewable power generation compared to Evergy's more traditional mixed-fuel base.

LNTSimilar UQS
Alliant Energy Corporation

Alliant Energy serves the Upper Midwest and has pursued an aggressive renewable transition strategy, differentiating it from Evergy's more diversified generation mix.

DUKBEVRG scores lower
Duke Energy Corporation

Duke Energy is a much larger utility operating across multiple southeastern and midwestern states, offering greater scale but also more complex regulatory exposure than Evergy.

Frequently Asked Questions

What does Evergy do?

Evergy generates, transmits, and distributes electricity to approximately 1.6 million customers across Kansas and Missouri. Its generation portfolio includes coal, natural gas, nuclear, hydroelectric, and renewable sources such as wind and solar. The company operates under regulated rates set by state utility commissions, making revenue relatively predictable.

Does EVRG pay dividends?

Yes, Evergy pays a regular dividend. Regulated utilities like Evergy typically prioritize returning cash to shareholders through consistent dividends, supported by stable rate-regulated revenues. Investors should review the company's payout history and debt levels to assess long-term dividend sustainability.

When does EVRG report earnings?

Evergy reports earnings quarterly, in line with standard US-listed company practice. Exact dates vary each quarter. For the most current earnings schedule and recent results, check Evergy's official investor relations page.

Is EVRG a good stock to buy?

UQS Score rates EVRG as Below Average overall. While Valuation appears relatively attractive and the business is stable, the Weak Risk pillar and Neutral readings across Quality, Moat, and Growth suggest limited near-term catalysts. Pro members can view the complete pillar breakdown to make a more informed assessment.

Is EVRG overvalued?

The UQS Valuation pillar for EVRG is rated Good, suggesting the stock is not considered expensive relative to its fundamentals within the utility sector. However, valuation alone does not determine overall quality — the full UQS Score reflects five pillars, and EVRG's overall rating is Below Average.

How does EVRG compare to its competitors?

Evergy is a mid-sized regulated utility focused on Kansas and Missouri, while peers like Duke Energy operate at much larger scale across multiple states. Alliant Energy and Algonquin Power each bring different renewable energy strategies. UQS Score provides side-by-side pillar comparisons for Pro members.

What is EVRG's market cap bracket?

Evergy is classified as a large-cap stock. This places it among the more substantial regulated utilities in the US market, though it remains considerably smaller than the largest national utility operators.

Who founded Evergy?

Evergy was incorporated in 2018 as the result of a merger between Great Plains Energy and Westar Energy. The combined entity brought together two established Kansas and Missouri utility operators under a single holding company structure. Founding details are widely available through public filings.

Is EVRG a long-term quality investment?

As a long-term quality indicator, EVRG's Below Average UQS Score reflects meaningful concerns — particularly the Weak Risk pillar — that investors should weigh over a multi-year horizon. Regulated utilities can offer stability, but leverage and regulatory exposure matter significantly for long-term outcomes. The full UQS analysis is available to Pro members.

What is the main competitive advantage of Evergy?

Evergy's primary competitive advantage is its status as a regulated monopoly utility in its service territories. Customers in Kansas and Missouri cannot switch providers, giving Evergy a captive revenue base. However, the UQS Moat pillar rates this advantage as only Neutral, reflecting the regulatory and financial constraints that limit its strength.

What sector does EVRG belong to?

Evergy belongs to the Utilities sector, specifically operating as a regulated electric utility. Utilities are generally considered defensive investments due to stable demand and regulated revenues, though they carry unique risks around interest rates, capital intensity, and regulatory decisions.

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Pro Analysis

EVRG — Score History

40455055Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 15 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 22, 202645.946.858.041.27.868.5-1.8
May 10, 202647.733.358.041.239.371.5+0.1
May 8, 202647.633.358.041.239.370.7+1.5
May 7, 202646.146.158.041.28.670.2+0.1
May 3, 202646.046.158.041.28.669.5-0.1
May 2, 202646.146.158.041.28.670.10.0
Apr 28, 202646.146.158.041.18.670.3+0.2
Apr 26, 202645.946.158.040.38.670.30.0
Apr 19, 202645.946.158.040.38.670.10.0
Apr 18, 202645.946.158.040.38.669.9-0.2

EVRG — Pillar Breakdown

Quality

46.8/100 (25%)

Evergy, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityModerate

Profitability relative to shareholders' equity.

Operating ProfitabilityStrong

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationWeak

Free cash flow relative to market value.

Growth

41.2/100 (20%)

Evergy, Inc. shows steady but unspectacular growth, typical for mature companies.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookModerate

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

7.8/100 (15%)

Evergy, Inc. presents elevated risk with concerns around leverage or financial stability.

Financial LeverageWeak

Debt levels relative to earnings capacity.

Debt/EquityWeak

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

68.5/100 (15%)

Evergy, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.

Earnings YieldModerate

Inverse of forward P/E — higher yield means cheaper stock.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorModerate

Enterprise value multiple relative to sector median.

Moat

58/100 (25%)

Evergy, Inc. has meaningful competitive advantages that should protect its market position. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for EVRG.

Score Composition

Quality
46.8×25%11.7
Growth
41.2×20%8.2
Risk
7.8×15%1.2
Valuation
68.5×15%10.3
Moat
58.0×25%14.5
Total
45.9Below Average

Financial Data

More Stock Analysis

How is the EVRG UQS Score Calculated?

The UQS (Unified Quality Score) for Evergy, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Evergy, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Evergy, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.