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Evergy's regulated utility model has produced gradually rising earnings, but its large asset base requires recurring infrastructure investment that has regularly exceeded operating cash generation. Debt and equity issuance help fund the gap, so earnings have been steadier than free cash flow.
The latest results show earnings growth alongside a widening gap between operating cash flow and capital spending. That extends Evergy's capital-intensive pattern rather than establishing a new financial model.
Whether operating cash flow begins to narrow the gap with capital spending as new generation and infrastructure projects progress.
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 361.2m | 336.6m | 546m | 685.6m | 630m | 891.9m | 765m | 743.6m | 885.8m | 867.9m | |
| 365.2m | 403.9m | 662.4m | 913.1m | 938.4m | 947.8m | 984.9m | 1.1B | 1.2B | 1.2B | |
| 185.2m | 149.6m | 124.2m | 121.5m | 126.9m | 102.2m | 7.3m | (16.6m) | (8.6m) | 20.9m | |
| 9.3m | 8.8m | 29.9m | 16.3m | 16m | 15.6m | 18.8m | 17.7m | 15.2m | 20.7m | |
| 10.3m | 2.6m | 35.3m | (1m) | 10.2m | (23.4m) | 53.3m | (7.5m) | (1.8m) | 57.6m | |
| 13.1m | (12.7m) | (900k) | (5.2m) | (46.5m) | (19.6m) | 21.6m | 34.4m | 38m | 6.1m | |
| 144.9m | 157m | 258.2m | 331.1m | 368.4m | 357.1m | 393.7m | 500.9m | 538.5m | 586.7m | |
| (99.5m) | 19.8m | 129.9m | 29.8m | 48.3m | (566.8m) | (8.6m) | 121.8m | (62.2m) | (119.3m) | |
| 822.4m | 912.4m | 1.5B | 1.7B | 1.8B | 1.4B | 1.8B | 2B | 2B | 2B | |
| (1.1B) | (764.6m) | (1.1B) | (1.2B) | (1.6B) | (2B) | (2.2B) | (2.3B) | (2.3B) | (2.8B) | |
| 74.2m | (15.8m) | 1.3B | 129.8m | 26.6m | 58.7m | 14.3m | (137.7m) | 74.8m | 226.8m | |
| (1B) | (780.4m) | 197.4m | (1.1B) | (1.5B) | (1.9B) | (2.2B) | (2.5B) | (2.3B) | (2.6B) | |
| 2.4m | 700k | (1B) | (1.6B) | 0 | 112.5m | 0 | — | — | 1.1m | |
| 399.6m | 103.6m | 200k | 1.4B | 380.2m | 838.1m | 895.2m | 1.1B | 892.7m | 1.2B | |
| (204.3m) | (223.1m) | (475m) | (462.5m) | (465m) | (497.9m) | (534.8m) | (569.6m) | (596.7m) | (613.1m) | |
| (7.5m) | (12.8m) | (21.3m) | (85.1m) | (13.6m) | (9.3m) | (11.1m) | (6.2m) | (15.7m) | (21.5m) | |
| 190.2m | (131.6m) | (1.5B) | (805.8m) | (98.4m) | 443.4m | 349.3m | 494m | 280.3m | 522m | |
| (200k) | 400k | 156.8m | (137.1m) | 121.7m | (118.7m) | (1m) | 2.5m | 2.2m | (2.9m) | |
| (264.6m) | 147.8m | 428.1m | 538.9m | 193.5m | (620.8m) | (364.6m) | (353.8m) | (352.9m) | (751.7m) |
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Stock intrinsic value is the real worth of a company's stock, based on its financial health and performance.
Instead of looking at the stock's current market price, which can change due to people's opinions and emotions, intrinsic value helps us understand if a stock is truly a good deal or not.
By focusing on the company's actual financial strength, like its earnings and debts, we can make better decisions about which stocks to buy and when.
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