ORGANIZATION AND BASIS OF PRESENTATION (Tables)

9 Months Ended

Sep. 30, 2025

Restrictions on Cash and Cash Equivalents

The following table summarizes the cash, cash equivalents and restricted cash included on Evergy's consolidated balance sheet.


	September 30 2025		December 31 2024
Evergy	(millions)
Current assets
Cash and cash equivalents	$	27.5	$	22.0
Other	14.4		6.2
Other assets
Other	1.7		1.7
Total cash, cash equivalents and restricted cash	$	43.6	$	29.9

Schedule of Fuel Inventory and Supplies

The Evergy Companies record fuel inventory and supplies at average cost. The following table separately states the balances for fuel inventory and supplies.


	September 30 2025		December 31 2024
Evergy	(millions)
Fuel inventory	$	205.5	$	264.2
Supplies	611.5		603.2
Fuel inventory and supplies	$	817.0	$	867.4
Evergy Kansas Central
Fuel inventory	$	106.3	$	154.2
Supplies	322.7		318.3
Fuel inventory and supplies	$	429.0	$	472.5
Evergy Metro
Fuel inventory	$	65.4	$	71.9
Supplies	212.8		211.9
Fuel inventory and supplies	$	278.2	$	283.8

Summary of Property, Plant and Equipment

The following tables summarize the property, plant and equipment of Evergy, Evergy Kansas Central and Evergy Metro.


September 30, 2025	Evergy			Evergy Kansas Central			Evergy Metro
		(millions)
Electric plant in service		$	37,767.4		$	18,703.3		$	13,863.5
Electric plant acquisition adjustment		739.8			724.9			—
Accumulated depreciation		(14,782.2)			(7,194.4)			(6,035.3)
Plant in service, net		23,725.0			12,233.8			7,828.2
Construction work in progress		1,760.8			919.2			424.2
Nuclear fuel, net		212.8			106.3			106.5

Property, plant and equipment, net		$	25,698.6		$	13,259.3		$	8,358.9

December 31, 2024	Evergy			Evergy Kansas Central			Evergy Metro
		(millions)
Electric plant in service		$	36,444.9		$	17,914.9		$	13,468.3
Electric plant acquisition adjustment		742.9			724.9			—
Accumulated depreciation		(14,165.5)			(6,914.4)			(5,752.6)
Plant in service, net		23,022.3			11,725.4			7,715.7
Construction work in progress		1,707.0			1,053.7			476.1
Nuclear fuel, net		200.9			100.3			100.6
Plant to be retired, net(a)		0.7			0.7			—
Property, plant and equipment, net		$	24,930.9		$	12,880.1		$	8,292.4

(a) As of December 31, 2024, represents the planned retirement of Evergy Kansas Central analog meters prior to the end of their remaining useful lives.

Schedule of Other Nonoperating Income (Expense)

Other Income and Other Expense

The tables below show the detail of other income and other expense, respectively, for each of the Evergy Companies.


	Three Months Ended September 30				Year to Date September 30
Other Income	2025		2024		2025		2024
Evergy	(millions)
AFUDC equity	$	4.2	$	5.6	$	10.1	$	13.4

Corporate-owned life insurance policy benefit	—		7.2		7.8		15.6
Income from sale of commercial solar project	—		—		11.6		—
Other	0.6		0.1		2.0		2.2
Other income	$	4.8	$	12.9	$	31.5	$	31.2
Evergy Kansas Central
AFUDC equity	$	2.8	$	3.0	$	7.2	$	9.7

Corporate-owned life insurance policy benefit	—		6.4		7.5		14.8
Other	0.3		0.4		0.9		1.0
Other income	$	3.1	$	9.8	$	15.6	$	25.5
Evergy Metro
AFUDC equity	$	1.2	$	2.6	$	2.7	$	3.7


Other	0.2		0.3		1.0		1.6
Other income	$	1.4	$	2.9	$	3.7	$	5.3


	Three Months Ended September 30				Year to Date September 30
Other Expense	2025		2024		2025		2024
Evergy	(millions)
Non-service cost component of net benefit cost	$	(3.3)	$	(3.6)	$	(8.3)	$	(12.8)
Corporate-owned life insurance	(6.4)		(5.9)		(16.9)		(16.7)
Other	(1.2)		(0.3)		(4.0)		(1.2)
Other expense	$	(10.9)	$	(9.8)	$	(29.2)	$	(30.7)
Evergy Kansas Central
Non-service cost component of net benefit cost	$	1.2	$	0.5	$	2.9	$	1.6
Corporate-owned life insurance	(6.1)		(5.6)		(16.2)		(16.0)
Other	—		(0.1)		(0.4)		(0.3)
Other expense	$	(4.9)	$	(5.2)	$	(13.7)	$	(14.7)
Evergy Metro
Non-service cost component of net benefit cost	$	(3.2)	$	(2.5)	$	(7.3)	$	(8.6)
Corporate-owned life insurance	(0.3)		(0.3)		(0.7)		(0.7)
Other	(0.2)		—		(0.8)		(0.7)
Other expense	$	(3.7)	$	(2.8)	$	(8.8)	$	(10.0)

Schedule of Earnings Per Share, Basic and Diluted

The following table reconciles Evergy's basic and diluted EPS.


	Three Months Ended September 30				Year to Date September 30
	2025		2024		2025		2024
Income	(millions, except per share amounts)
Net income	$	478.0	$	468.6	$	780.5	$	804.5
Less: net income attributable to noncontrolling interests	3.0		3.0		9.2		9.2
Net income attributable to Evergy, Inc.	$	475.0	$	465.6	$	771.3	$	795.3
Common Shares Outstanding
Weighted average number of common shares outstanding - basic	230.5		230.3		230.4		230.3
Add: effect of dilutive securities	3.6		0.3		2.6		0.2
Diluted average number of common shares outstanding	234.1		230.6		233.0		230.5
Basic EPS	$	2.06	$	2.02	$	3.35	$	3.45
Diluted EPS	$	2.03	$	2.02	$	3.31	$	3.45

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The table below summarizes the anti-dilutive securities excluded from the computation of diluted EPS.


	Three Months Ended September 30		Year to Date September 30
Anti-Dilutive Securities	2025	2024	2025	2024
	(shares in millions)




RSUs with performance measures	—	—	0.1	—

Supplemental Cash Flow Information


Evergy
Year to Date September 30	2025		2024
Cash paid for (received from):	(millions)
Interest, net of amount capitalized	$	400.1	$	361.6
Interest of VIEs	8.2		—
Income taxes, net of refunds	6.2		18.1
Right-of-use assets obtained in exchange for new operating lease liabilities	15.9		4.1
Right-of-use assets obtained in exchange for new finance lease liabilities	26.6		12.4
Non-cash investing transactions:
Property, plant and equipment additions	136.5		178.7

Non-cash financing transactions:
Issuance of common stock for reinvested dividends	5.2		—


Evergy Kansas Central
Year to Date September 30	2025		2024
Cash paid for (received from):	(millions)
Interest, net of amount capitalized	$	176.6	$	160.6

Income taxes, net of refunds	13.9		8.3
Right-of-use assets obtained in exchange for new operating lease liabilities	7.2		2.4
Right-of-use assets obtained in exchange for new finance lease liabilities	11.2		7.9
Non-cash investing transactions:
Property, plant and equipment additions	66.6		116.6


Evergy Metro
Year to Date September 30	2025		2024
Cash paid for (received from):	(millions)
Interest, net of amount capitalized	$	95.4	$	90.0
Income taxes, net of refunds	22.5		21.3
Right-of-use assets obtained in exchange for new operating lease liabilities	7.9		1.7
Right-of-use assets obtained in exchange for new finance lease liabilities	11.4		3.0
Non-cash investing transactions:
Property, plant and equipment additions	40.8		47.7

Evergy, Inc. 10-Q