Evergy EVRG
Evergy is a regulated utility that generates, transmits, and distributes electricity in Kansas and Missouri (US), earning through rates approved by state regulators. Evergy shows 23% earnings growth and an attractive dividend (net yield 3.56%), but its high leverage (Net Debt/EBITDA 5.8x) and negative cash conversion (-50.82%) weigh on quality and make it vulnerable to rising rates.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Evergy is a regulated utility that generates, transmits, and distributes electricity in Kansas and Missouri (US), earning through rates approved by state regulators. Evergy shows 23% earnings growth and an attractive dividend (net yield 3.56%), but its high leverage (Net Debt/EBITDA 5.8x) and negative cash conversion (-50.82%) weigh on quality and make it vulnerable to rising rates.
Score by category
| Category | Score |
|---|---|
| Financial health | 5.5 |
| Quality / Moat | 3.8 |
| Valuation | 4.6 |
| Growth | 6.6 |
| Dividend | 7.1 |
| Momentum | 6.2 |
| Risk & Context | 7.9 |
OVERALL SCORE: 5.9/10
Context and risks
The rise in 10-year yields (5.17%) is a headwind for regulated utilities like Evergy due to their high duration and leverage (Net Debt/EBITDA 5.8x), increasing the cost of capital and refinancing costs. However, the engine already modulates the rate factor by duration and leverage, so the additional adjustment is limited.
News considered in the analysis
- Can Rising Data Center Demand Drive Evergy's Long-Term Growth? — La demanda de centros de datos es una oportunidad de crecimiento de carga para la utility, pero aún no se materializa en resultados; el mercado ya lo descuenta parcialmente.
- Is Evergy Stock Underperforming the Dow? — Comparativa de rendimiento sin información nueva sobre la empresa.
- We Named 3 Dividend Stocks to Dominate 2026. Only One Beat the S&P 500. — Listículo sin información específica accionable.
- Can Economic Development Drive EVRG's Long-Term Earnings Growth? — El desarrollo económico en su área de servicio podría impulsar la demanda eléctrica, pero es una perspectiva a largo plazo y no un hecho consumado.
- Are Utilities Stocks Lagging Evergy (EVRG) This Year? — Comparativa sectorial sin información nueva.
Verdict: Hold; the data center growth opportunity is real but the leveraged balance sheet and high-rate environment limit upside potential.
Main risk: High leverage (Net Debt/EBITDA 5.8x) combined with the rise in 10-year Treasury yields, which makes refinancing its debt more expensive and pressures its financial health.
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