# Evergy (EVRG) Forecast Calculator

Interactive five-year financial forecast and DCF for Evergy. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/evergy/forecast
- Industry: Utilities
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 5019600000 | 538900000 | 2047500000 | 669900000 |
| 2022 | 4781600000 | 193500000 | 2024000000 | 618300000 |
| 2023 | 5329100000 | -620800000 | 2251300000 | 879700000 |
| 2024 | 5589200000 | -364600000 | 2196600000 | 752700000 |
| 2025 | 5345100000 | -353800000 | 2358900000 | 731300000 |

## Frequently asked questions

### What kind of company is Evergy and what services does it provide?

Evergy, Inc. is a regulated electric utility company that generates, transmits, and distributes electricity. It serves approximately 1.7 million customers across Kansas and Missouri, operating primarily as a single reportable segment focused on regulated electric utility services.

### How does Evergy generate its revenue, and what factors influence its growth?

Evergy generates revenue from distinct customer classes, including residential, commercial, industrial, and wholesale customers. Revenue growth is influenced by factors like population growth, local economic expansion, and weather-normalised usage per customer, with rates set by state commissions.

### What is Evergy's capital expenditure strategy, and how does it impact the company?

Evergy has an extremely high capital expenditure program, with capex representing 45-50% of revenue, driven by a $21.6 billion investment plan for 2026-2030. This investment is split between approximately 40% maintenance and 60% growth, funding new generation plants and grid modernization.

### What is the primary purpose of the financial model for Evergy (EVRG)?

The financial model evaluates Evergy's equity valuation and dividend sustainability. It projects the company's rate base growth, regulatory recovery lag, and massive capital expenditure programme to determine if it can achieve its targeted 6-8% annual EPS growth.

### Can I download an Excel financial model for Evergy (EVRG)?

Yes, an Excel financial model for Evergy (EVRG) is available for download. This model provides a forecast horizon from FY2026 through FY2030, allowing users to analyze the company's financial performance and make their own assumptions.

### What is Evergy's business model and how are its returns determined?

Evergy operates as an asset-heavy, rate-regulated monopoly in its franchised service territories. Its returns are primarily driven by the Allowed Return on Equity (ROE) on its rate base, which is determined by the Kansas Corporation Commission and the Missouri Public Service Commission.