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Evergy cash flow, quarter by quarter

Latest: Q1 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$489M in Q1 2026 · −$1.1B over twelve months

Operating cash flow$362M
Capital spending−$852M
Free cash flow−$489M
Cash / net income2.3×

Analysis

In Q1 2026, Evergy generated $362M of operating cash flow and spent $852M on capital projects, leaving free cash flow of −$489M. That is $346M less than in Q1 2025 (−$143M).

Over the twelve months to Mar 31, 2026, operating cash flow was $2.0B; the largest uses were capital spending ($3.1B), dividends ($617M); besides operations, cash came from net borrowing (+) / repaid (−) ($897M), other financing ($469M); the cash balance fell by $18.6M.

Operating cash flow was $362M against net income of $155M — 2.3× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$305M, payables −$192M, income taxes payable +$126M.

Free cash flow

Evergy: free cash flow by quarterEvergy: free cash flow by quarter−$360MQ2 2024$427MQ3 2024−$119MQ4 2024−$143MQ1 2025−$303MQ2 2025$225MQ3 2025−$530MQ4 2025−$489MQ1 2026
Operating cash flow less capital spending.
Evergy: operating cash flow against capital spendingEvergy: operating cash flow against capital spendingOperating cash flowCapital spending$318M$678MQ2 2024$953M$526MQ3 2024$396M$514MQ4 2024$450M$593MQ1 2025$324M$627MQ2 2025$938M$712MQ3 2025$334M$864MQ4 2025$362M$852MQ1 2026
Latest (Q1 2026): Operating cash flow $362M, Capital spending $852M.

Capital allocation, year by year

Evergy: where the cash came from (up) and went (down), by fiscal yearEvergy: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingDividendsFY2021: Operating cash flow $1.4BFY2021: Net borrowing $900MFY2021: Shares issued $112MFY2021: Capital spending −$2.0BFY2021: Dividends −$498M$2.4BFY2021FY2022: Operating cash flow $1.8BFY2022: Net borrowing $324MFY2022: Capital spending −$2.2BFY2022: Dividends −$535M$2.1BFY2022FY2023: Operating cash flow $2.0BFY2023: Net borrowing $1.6BFY2023: Capital spending −$2.3BFY2023: Dividends −$570M$3.6BFY2023FY2024: Operating cash flow $2.0BFY2024: Net borrowing $847MFY2024: Capital spending −$2.3BFY2024: Dividends −$597M$2.8BFY2024FY2025: Operating cash flow $2.0BFY2025: Net borrowing $1.1BFY2025: Shares issued $1.1MFY2025: Capital spending −$2.8BFY2025: Dividends −$613M$3.2BFY2025
Over these 5 years operating cash flow totalled $9.2B; the largest uses were capital spending ($11.6B) and dividends ($2.8B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$18.4M
Debt$15.5B
Net debt$15.5B
Due within a year$367M

Evergy's operations bring cash in ($2.0B over twelve months), and it spends more than that on capital projects: a gap of $1.1B funded from its $18.4M of cash and investments and from borrowing ($15.5B of debt, $367M due within a year). That is a choice to invest, not a cash runway running down.

Evergy: debt maturities by year (FY2025)Evergy: debt maturities by year (FY2025)$367MYear 1$2.0BYear 2$319MYear 3$820MYear 4$421MYear 5
Principal due in each year as disclosed in the annual report, against $18.4M of cash and investments now.

Where the cash came from and went

Evergy: sources (+) and uses (−) of cash, Q1 2026Evergy: sources (+) and uses (−) of cash, Q1 2026Capital spending−$852MOther financing$453MOperating cash flow$362MDividends−$158MNet borrowing (+) / repaid (−)$105MOther investing$95.3MCash drawn (+) / kept (−)−$6.6MShares issued$400K
Evergy: sources (+) and uses (−) of cash, TTM to Q1 2026Evergy: sources (+) and uses (−) of cash, TTM to Q1 2026Capital spending−$3.1BOperating cash flow$2.0BNet borrowing (+) / repaid (−)$897MDividends−$617MOther financing$469MOther investing$328MCash drawn (+) / kept (−)$18.6MShares issued$1.5M

From profit to cash

Evergy: net income to operating cash flow, Q1 2026Evergy: net income to operating cash flow, Q1 2026Net income$155MDepreciation & amortization$305MStock-based pay$5.6MDeferred taxes−$9.5MGains on investments−$1.6MOther non-cash$300KReceivables$3.9MPayables−$192MPrepaid and other assets−$39.3MOther liabilities$25.2MIncome taxes payable$126MOperating cash flow$362M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q1 2026$362M−$852M−$158M$105M$400K−$6.6M−$489M
Q4 2025$334M−$864M−$157M$504M$300K$16.6M−$530M
Q3 2025$938M−$712M−$151M−$183M$400K−$8.6M$225M
Q2 2025$324M−$627M−$151M$471M$400K$17.2M−$303M
Q1 2025$450M−$593M−$154M$330M—−$22.3M−$143M
Q4 2024$396M−$514M−$154M$268M—$26.8M−$119M
Q3 2024$953M−$526M−$148M−$348M—−$21.2M$427M
Q2 2024$318M−$678M−$148M$473M—$29.9M−$360M

Evergy: income statement and cash flow

Evergy, Q3 2026: revenue $2.1B (+16% year over year), operating margin 38.6%. The chart follows the revenue to costs, profit and cash.

Evergy: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.