Current Assets [USD, Millions]

Cash and Cash Equivalents [USD, Millions]

Accounts Receivable [USD, Millions]

Inventory [USD, Millions]

Non-Current Assets [USD, Millions]

Property, Plant, and Equipment (PP&E) [USD, Millions]

Goodwill [USD, Millions]

Intangible Assets [USD, Millions]

Current Liabilities [USD, Millions]

Accounts Payable [USD, Millions]

Short-term Debt [USD, Millions]

Accrued Expenses [USD, Millions]

Non-Current Liabilities [USD, Millions]

Long-term Debt [USD, Millions]

Lease Liabilities [USD, Millions]

Deferred Tax Liabilities [USD, Millions]

Shareholders' Equity [USD, Millions]

Retained Earnings [USD, Millions]

Common Stock [USD, Millions]

Additional Paid-in Capital [USD, Millions]

9ee4090d9e0942278cebf6840a482b216c1f7c6ef48fe64206cff069090b1a8d

Residential

Commercial

Industrial

Other Retail

Wholesale

Transmission

Industrial Steam and Other

Total Revenue from Contracts with Customers

Total Operating Revenues

99ede25c5a33e2fc2534d413cdc139ff43482a56661565dba8e63d8e80a9cc33

Total Electric Retail

Total Revenue from Contracts

Other

69ff887d5122e5e1a908836b6d9c88c7a06c24247b1b7531405494c9953ce27f

MWhs sold to residential customers for Evergy (thousands of MWh)

MWhs sold to commercial customers for Evergy (thousands of MWh)

MWhs sold to industrial customers for Evergy (thousands of MWh)

MWhs sold to other retail customers for Evergy (thousands of MWh)

Total electric retail MWhs sold for Evergy (thousands of MWh)

Wholesale MWhs sold for Evergy (thousands of MWh)

Total MWhs sold for Evergy (thousands of MWh)

MWhs sold to residential customers for Evergy Kansas Central (thousands of MWh)

MWhs sold to commercial customers for Evergy Kansas Central (thousands of MWh)

MWhs sold to industrial customers for Evergy Kansas Central (thousands of MWh)

MWhs sold to other retail customers for Evergy Kansas Central (thousands of MWh)

Total electric retail MWhs sold for Evergy Kansas Central (thousands of MWh)

Wholesale MWhs sold for Evergy Kansas Central (thousands of MWh)

Total MWhs sold for Evergy Kansas Central (thousands of MWh)

MWhs sold to residential customers for Evergy Metro (thousands of MWh)

MWhs sold to commercial customers for Evergy Metro (thousands of MWh)

MWhs sold to industrial customers for Evergy Metro (thousands of MWh)

MWhs sold to other retail customers for Evergy Metro (thousands of MWh)

Total electric retail MWhs sold for Evergy Metro (thousands of MWh)

Wholesale MWhs sold for Evergy Metro (thousands of MWh)

Total MWhs sold for Evergy Metro (thousands of MWh)

Cooling degree days (percentage decrease)

Cooling degree days (percentage decrease) (duplicate 2)

Heating degree days (percentage decrease)

Heating degree days for Evergy Kansas Central (percentage decrease)

a0a56c57688ab381f621116cb87871c5d355c5f50f6e33a877942710d5f3a75b

8b4d5af19fa36d795259978c92b80c7ca121cdb4a91874b4587245651ff002c0

Operating Revenues (USD, millions)

Fuel and Purchased Power (USD, millions)

SPP Network Transmission Costs (USD, millions)

Operating and Maintenance (USD, millions)

Depreciation and Amortization (USD, millions)

Taxes Other Than Income Tax (USD, millions)

Total Operating Expenses (USD, millions)

Income from Operations (USD, millions)

Investment Earnings (Loss) (USD, millions)

Other Income (USD, millions)

Other Expense (USD, millions)

Total Other Income, Net (USD, millions)

Interest Expense (USD, millions)

Income Before Income Taxes (USD, millions)

Income Tax Expense (USD, millions)

Equity in Earnings of Equity Method Investees, Net of Income Taxes (USD, millions)

Net Income (USD, millions)

Less: Net Income Attributable to Noncontrolling Interests (USD, millions)

Net Income Attributable to Evergy, Inc. (USD, millions)

356b75863cc927ed4bc1b8020d4437ca2871c2e250e5e5bada2b61532071f483

Current maturities of long-term debt (USD, millions)

Commercial paper (USD, millions)

Collateralized note payable (USD, millions)

Accounts payable (USD, millions)

Related party payables (USD, millions)

Accrued taxes (USD, millions)

Accrued interest (USD, millions)

Regulatory liabilities (USD, millions)

Asset retirement obligations (USD, millions)

Accrued compensation and benefits (USD, millions)

Other Current Liabilities (USD, millions)

Total Current Liabilities (USD, millions)

Long-term debt, net (USD, millions)

Deferred income taxes (USD, millions)

Unamortized investment tax credits (USD, millions)

Pension and post-retirement liability (USD, millions)

Other Long-Term Liabilities (USD, millions)

Total Long-Term Liabilities (USD, millions)

Common stock - 1,000 shares authorized, without par value, 1 share issued, stated value (USD, millions)

Retained earnings (USD, millions)

Accumulated other comprehensive income (USD, millions)

Total Equity (USD, millions)

TOTAL LIABILITIES AND EQUITY (USD, millions)

9fdee46dc89aa505fe2a8b3f3502e6a4d87da7e0e28566de782e2c18d1364f42

The high current maturities of long-term debt in Q3 2024 were primarily due to the reclassification of a portion of long-term debt that is now due within the next 12 months, a standard accounting practice when debt approaches maturity. For example, Evergy Metro, Inc. reclassified its debt from long-term to current maturities, which increased the figure significantly from **$0 million** as of December 31, 2023, to **$350 million** as of September 30, 2024.  **[0001711269-24-000032_evrg-20240930.htm:18]** 

Why was Current maturities of long-term debt so high in Q3 2024?

Evergy’s commercial paper balance dropped to **71.9 million USD** in Q3 2024 mainly because of strategic financing shifts. In particular, the company repaid **$800.0 million of 2.45% Senior Notes** at maturity, an activity that significantly affected its commercial paper levels. This outflow was partially offset by proceeds from long‑term debt issuances—such as the **$300.0 million Mortgage Bonds** from both Evergy Metro and Evergy Missouri West—which helped repay some of the commercial paper borrowings. These combined actions, along with adjustments in short‑term borrowing needs, drove the notable change in the commercial paper balance.  **[0001711269-24-000032_evrg-20240930.htm:70]** **[0001711269-24-000032_evrg-20240930.htm:35]** 

What drove Commercial paper to drop to 71.9 in Q3 2024?

The reported **Q3 2024 Long-term debt, net of 2,872.8 million** comes directly from one document.  **[0001711269-24-000032_evrg-20240930.htm:18]**  However, the only explanation available in the documents discusses an increase in Evergy Metro’s long-term debt—from **2,924.4 million** at December 31, 2023, to **3,222.8 million** as of September 30, 2024—primarily driven by the issuance of new long-term debt and repayment of short-term borrowings.  **[0001711269-24-000032_evrg-20240930.htm:35]**  Thus, the documents do not offer a clear or definitive explanation for the overall decline to **2,872.8 million** in Q3 2024.

Why did Long-term debt, net decline to 2,872.8 in Q3 2024?

The jump in the collateralized note payable to **$160.0 million** in Q3 2024 was driven by amended terms in the receivable sale facilities and an increase in retail electric receivables. In February 2024, Evergy Kansas Central, Evergy Metro, and Evergy Missouri West amended their facility terms, allowing for higher borrowing limits—most notably, Evergy Metro’s collateralized note payable increased from **$126.0 million** to **$160.0 million**.  **[0001711269-24-000032_evrg-20240930.htm:28]**  Additionally, higher retail electric receivables available for sale in 2024 further contributed to this increase.  **[0001711269-24-000032_evrg-20240930.htm:70]** 

What contributed to the jump in Collateralized note payable to 160.0 in Q3 2024?

33172faf5ff2e4daa512d6370cd933d7a8dcfa1be8358b1b0d8706a3279bdf8a

The surge in **Operating Cash Flow** in Q3 2024 was primarily driven by **higher cash receipts for retail electric sales** as a result of **increased retail rates at Evergy Kansas Central** in 2024, along with a contribution from **lower collections of receivables in January 2024** that partially offset the impact of the higher receipts.  **[0001711269-24-000032_evrg-20240930.htm:69]** 

Why did Operating Cash Flow surge in Q3 2024?

The documents indicate that Q4 2023’s operating cash flows were impacted because one‐of‐a‐kind payments received in the prior period did not recur in 2023. In particular, while fuel recovery mechanism net collections increased by **$121.9 million**, Q4 2023 did not include the **$24.8 million** in Wolf Creek refueling outage payments that were received in the comparable period in 2022. This absence of one‐time inflows helped drive the lower operating cash flows in Q4 2023.  **[0001711269-24-000007_evrg-20231231.htm:79]** 

What caused the Operating Cash Flow drop in Q4 2023?

Capital expenditures eased in Q3 2024 primarily because the period did not include the one-time acquisition expense from Q3 2023—specifically, the significant **$217.9 million acquisition of Persimmon Creek** that boosted prior capital spending. Although there was increased spending on capital projects in 2024, including efforts on transmission projects for grid resiliency and a **$60 million** joint ownership interest in Dogwood, these did not offset the absence of the large acquisition expense from the previous year.  **[0001711269-24-000032_evrg-20240930.htm:69]** 

Why did capital expenditures ease in Q3 2024?

4208039bac08202ae6228a1810e783f2306a68f949fbc6ebf88ce536c61de495

Operating Revenues in Q4 2023 were lower primarily due to **unfavorable weather conditions** and a **decline in overall demand**. Specifically, a **14% decrease in heating degree days**—with December experiencing a **23% reduction**—led to lower electricity demand, while a **2.4% drop in weather-normalized demand** further reduced revenue from residential and industrial customers. Additionally, there were **declines in wholesale and retail sales volumes**, with a notable decrease in wholesale MWhs sold and drops in residential, commercial, and industrial MWhs. These factors together resulted in reduced Operating Revenues, although the effect was partially offset by the implementation of new retail rates.  **[EVRG_3375890_5]** **[0001711269-24-000007_evrg-20231231.htm:69]** 

Why were Operating Revenues lower in Q4 2023?

In Q4 2023, **Evergy** experienced a significant drop in Income from Operations due to several factors. **Warmer weather** led to a **14% decrease in heating degree days** (with a **23% reduction in December**), which reduced earnings by **$0.05 per share**. Additionally, a **2.4% decline in weather-normalized demand**—mostly in the residential and industrial sectors—resulted in a **$0.06 per share** decrease in EPS. Further downward pressure came from **higher depreciation and amortization costs** (a **$0.07 per share** impact) and **increased interest expense** (also a **$0.07 per share** reduction). Although these were partially offset by a **$29.5 million decrease** in operating and maintenance expenses (boosting EPS by **$0.10**) and a **$0.06 increase in EPS** from favorable tax items, the net effect was a marked decline in operational earnings.  **[EVRG_3375890_5]** 

What caused the significant drop in Income from Operations in Q4 2023?

The available documents do not provide a definitive explanation for a steep decline in Q4 2023 net income when comparing it to Q3 2023. One document explains the factors impacting Q4 2023 versus Q4 2022—including the elimination of the Kansas Earnings Review and Sharing Program, lower operating and maintenance expenses, favorable tax items, weather-related impacts, and higher depreciation and interest expenses—but it does not address the decline relative to Q3 2023.  **[EVRG_3375890_5]** 

What factors contributed to the steep decline in Net Income in Q4 2023?

30f4327d085242047edf8b6cd5b8142dead06b4a23b80ffa3f95ad0c97061070

Adjustments for Non-Cash Items [USD, Millions]

Stock-Based Compensation [USD, Millions]

Changes in Working Capital [USD, Millions]

Capital Expenditures (CapEx) [USD, Millions]

Proceeds from Long-Term Debt [USD, Millions]

Retirements of Long-Term Debt [USD, Millions]

Net Short-Term Debt [USD, Millions]

Collateralized Short-Term Borrowings, Net [USD, Millions]

Share Repurchases [USD, Millions]

Dividend Payments [USD, Millions]

Net Change in Cash [USD, Millions]

1513878fb558b07281e670c20b60de0d65e1e5d61221b9bf2bdd9c48225cfc5b

Total Revenue [USD, Millions]

Cost of Goods Sold (COGS) [USD, Millions]

Selling, General, and Administrative Expenses (SG&A) [USD, Millions]

Research and Development (R&D) [USD, Millions]

Depreciation and Amortization (D&A) [USD, Millions]

Interest Expense [USD, Millions]

Operating Income (EBIT) [USD, Millions]

Net Income [USD, Millions]

Earnings Per Share (EPS) - Basic [USD, Units]

Earnings Per Share (EPS) - Diluted [USD, Units]

174bbf735c8561514d58b6947ee06f10a7f8d5f354ccb74ee431e19237fd98be

Evergy Inc (EVRG)

Financials