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Evergy (EVRG) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 19, 2026

Evergy (EVRG) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and -26% from the quarter before. Operating margin was 17.8%, net earnings $84.3M (6.3% of revenue).

Revenue$1.3B
Year over year+7%
Quarter over quarter-26%
Operating margin17.8%
Net earnings$84.3M

Evergy, Q4 2025: revenue $1.3B (+7% year over year), operating margin 17.8%, net earnings $84.3M, operating cash flow $334M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$1.3B-26%+7%
Operating profit$239M-64%+8%
Net earnings$84.3M-82%+8%
Operating cash flow$334M-64%-16%

What changed

Revenue was $1.3B in Q4 2025, up 7% year over year and down 26% from the previous quarter.

Operating profit was $0.24B, a 17.8% margin (up 0.2 points year over year). Of the extra revenue versus Q4 2024, 20% reached operating profit, above the 18% margin then. Total costs grew 6% against revenue growth of 7%. Net earnings were $0.08B, up 8% year over year. The effective tax rate was -21.9%.

Operating cash flow was $0.33B (down 16% year over year), 382% of net income including minority interests. Non-cash charges added back $0.30B of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.86B exceeded it, leaving free cash flow of −$0.53B.

Questions

What was Evergy's revenue in the fourth quarter 2025?

Evergy (EVRG) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and -26% from the quarter before.

Was Evergy profitable in the fourth quarter 2025?

Operating profit was $239M (17.8% of revenue) and net earnings $84.3M.

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Source: Evergy 10-K on SEC EDGAR.