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Evergy EVRG

Evergy scores weak on business quality (3.7 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$80.96Oct 9, 2026
Business qualityWeak
Next earningsNov 5, 2026
Insiders, 90 daysBuying

Why it matters

  1. What Evergy does

    Evergy generates and distributes electricity to over 1.6 million customers across Kansas and Missouri, operating as a regulated electric utility.

  2. What it does best

    Evergy holds a regulated monopoly over power transmission across its service territory, eliminating direct competition. Its operating margin of 26.0% lands in the top quartile of its sector, sitting well above peers like FE at 18.6%.

  3. The main risk

    Massive capital spending drives a negative free cash flow of $1.4B against just $20M in cash, forcing heavy reliance on debt markets to fund grid expansion.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin stands at 26.0% while FCF margin remains negative at -23.1% due to heavy capital expenditures of $3.4B. High infrastructure spending prevents scaling from driving immediate cash generation.

MoatWeak

State-granted geographic monopolies lock in residential and commercial customers. This regulatory protection gives it a sector-ranking 77th percentile operating margin, though high capital needs cap broader advantages.

GrowthSlow

Revenue grew by 2.0% to $6.1B, ranking in the bottom quartile of its sector with a growth score of 1.6.

Financial healthFair

Total debt sits at $15.3B with an interest coverage ratio of 2.5x, leaving minimal cushion. Free cash flow has worsened annually down to -$1.4B, weakening overall financial footing.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 insider bought $134K on the open market. 1 sold $100K outside pre-planned sales.

Our sealed record on EVRG

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is EVRG a good business?

Evergy scores weak on the Cluenex quality check (3.7 of 10), measured against its own industry. Profitability is weak, moat weak, growth slow and financial health fair.

Are insiders buying EVRG?

In the last 90 days of SEC Form 4 filings: 1 insider bought $134K on the open market. 1 sold $100K outside pre-planned sales.

When does EVRG report earnings?

Nov 5, 2026.

For members

See EVRG today

  • Today's verdict on EVRG, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Evergy (EVRG)”, https://cluenex.com/stocks/evrg/, data as of Oct 10, 2026.