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Evergy Inc's Business Segments
Evergy Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
27
Largest Segment
Evergy Kansas Central
Total Revenue
$ 1,444
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Evergy Kansas Central0%
- Evergy Metro0%
- Evergy Companies100%
- Total electric retail75.8%
- Evergy Kansas Central Total electric retail36%
- Residential33.4%
- Commercial30.5%
- Evergy Metro Total electric retail24.7%
- Evergy Kansas Central Residential15.1%
- Evergy Kansas Central Commercial13.1%
- Evergy Metro Commercial11.7%
- Industrial11.1%
- Evergy Metro Residential10.8%
- Transmission9.3%
- Evergy Kansas Central Transmission8.6%
- Evergy Kansas Central Industrial7.5%
- Wholesale7.4%
- Evergy Kansas Central Wholesale6%
- Evergy Metro Industrial2%
- Evergy Metro Wholesale1.5%
- Electric Utility Customer Class Other1.1%
- Other retail0.8%
- Evergy Metro Transmission0.4%
- Evergy Kansas Central Electric Utility Customer Class Other0.4%
- Evergy Kansas Central Other retail0.4%
- Evergy Metro Other retail0.2%
- Evergy Metro Electric Utility Customer Class Other0.2%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Evergy Kansas Central | $ 4,800 | - |
| Evergy Metro | $ 2,300 | - |
| Evergy Companies | $ 1,444 | 100% |
24 more segments available
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Annual Results
Revenue Share by Reportable Segment - FY
- Evergy Kansas Central0%
- Evergy Metro0%
- Evergy Companies100%
- Total electric retail75.8%
- Evergy Kansas Central Total electric retail36%
- Residential33.4%
- Commercial30.5%
- Evergy Metro Total electric retail24.7%
- Evergy Kansas Central Residential15.1%
- Evergy Kansas Central Commercial13.1%
- Evergy Metro Commercial11.7%
- Industrial11.1%
- Evergy Metro Residential10.8%
- Transmission9.3%
- Evergy Kansas Central Transmission8.6%
- Evergy Kansas Central Industrial7.5%
- Wholesale7.4%
- Evergy Kansas Central Wholesale6%
- Evergy Metro Industrial2%
- Evergy Metro Wholesale1.5%
- Electric Utility Customer Class Other1.1%
- Other retail0.8%
- Evergy Metro Transmission0.4%
- Evergy Kansas Central Electric Utility Customer Class Other0.4%
- Evergy Kansas Central Other retail0.4%
- Evergy Metro Other retail0.2%
- Evergy Metro Electric Utility Customer Class Other0.2%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Evergy Kansas Central | $ 4,800 | - |
| Evergy Metro | $ 2,300 | - |
| Evergy Companies | $ 1,444 | 100% |
24 more segments available
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Description of Evergy Inc
Evergy Inc. is a significant American public utility holding company headquartered in Kansas City, Missouri. Established in 2018, the company emerged from the merger of two notable entities: Great Plains Energy and Westar Energy. This strategic union aimed to enhance the efficiency and effectiveness of energy delivery in the region, thereby strengthening service provisions for its customer base.
As of 2023, Evergy serves more than 6 million customers across the states of Kansas and Missouri, encompassing a vast service area of approximately 67,000 square miles. This broad territory allows Evergy to play a crucial role in energy distribution across both urban and rural settings, addressing diverse customer needs and ensuring that reliable electricity services are accessible to all.
The company operates through several prominent subsidiaries, including Kansas City Power & Light, KCP&L Greater Missouri Operations, and Westar Energy. This diverse operational structure enables Evergy to leverage specialized expertise across different regions, improving overall service delivery and operational efficiency.
Evergys energy generation capabilities are varied and include a mix of sources to provide reliable electricity. The organization operates coal-fired, natural gas-fired, oil-fired, wind, solar, and hydroelectric power plants. This diversified energy portfolio not only supports steady energy production but also positions Evergy as a forward-thinking utility that recognizes the importance of balancing traditional energy sources with renewables.
A hallmark of Evergys long-term strategy is its commitment to environmental sustainability. The company has set ambitious goals to transition to cleaner energy sources, with a target to reduce its carbon emissions by 80% compared to 2005 levels by the year 2050. This initiative underscores Evergys dedication to addressing climate change and enhancing the sustainability of its operations, reflecting a broader industry shift towards renewable energy adoption.
In addition to its core energy services, Evergy is proactive in promoting energy efficiency among its customers. The company offers various programs designed for energy conservation, including demand-response initiatives to help customers manage their energy bills more effectively. These programs not only help consumers save money but also contribute to the overall reduction of energy consumption within the service area.
Supporting the community remains integral to Evergy’s mission. The company engages in charitable donations, employee volunteerism, and various community support initiatives, embodying a commitment to foster relationships and improve the quality of life in the areas it serves. This engagement resonates with the firm’s principles and helps build trust and loyalty among its customer base.
Looking ahead, Evergy has laid out substantial plans for capital investments, committing to $2.2 billion over the next five years. This investment is directed at modernizing infrastructure, enhancing service reliability, and adopting new technologies aimed at improving customer experiences.
In summary, Evergy Inc. stands as a pivotal energy provider in Kansas and Missouri, dedicated to delivering reliable, affordable, and sustainable electricity. With its focus on environmental stewardship, community engagement, and technological advancement, Evergy is positioned to thrive in an evolving energy landscape while continuing to meet the diverse needs of its customers.
As of 2023, Evergy serves more than 6 million customers across the states of Kansas and Missouri, encompassing a vast service area of approximately 67,000 square miles. This broad territory allows Evergy to play a crucial role in energy distribution across both urban and rural settings, addressing diverse customer needs and ensuring that reliable electricity services are accessible to all.
The company operates through several prominent subsidiaries, including Kansas City Power & Light, KCP&L Greater Missouri Operations, and Westar Energy. This diverse operational structure enables Evergy to leverage specialized expertise across different regions, improving overall service delivery and operational efficiency.
Evergys energy generation capabilities are varied and include a mix of sources to provide reliable electricity. The organization operates coal-fired, natural gas-fired, oil-fired, wind, solar, and hydroelectric power plants. This diversified energy portfolio not only supports steady energy production but also positions Evergy as a forward-thinking utility that recognizes the importance of balancing traditional energy sources with renewables.
A hallmark of Evergys long-term strategy is its commitment to environmental sustainability. The company has set ambitious goals to transition to cleaner energy sources, with a target to reduce its carbon emissions by 80% compared to 2005 levels by the year 2050. This initiative underscores Evergys dedication to addressing climate change and enhancing the sustainability of its operations, reflecting a broader industry shift towards renewable energy adoption.
In addition to its core energy services, Evergy is proactive in promoting energy efficiency among its customers. The company offers various programs designed for energy conservation, including demand-response initiatives to help customers manage their energy bills more effectively. These programs not only help consumers save money but also contribute to the overall reduction of energy consumption within the service area.
Supporting the community remains integral to Evergy’s mission. The company engages in charitable donations, employee volunteerism, and various community support initiatives, embodying a commitment to foster relationships and improve the quality of life in the areas it serves. This engagement resonates with the firm’s principles and helps build trust and loyalty among its customer base.
Looking ahead, Evergy has laid out substantial plans for capital investments, committing to $2.2 billion over the next five years. This investment is directed at modernizing infrastructure, enhancing service reliability, and adopting new technologies aimed at improving customer experiences.
In summary, Evergy Inc. stands as a pivotal energy provider in Kansas and Missouri, dedicated to delivering reliable, affordable, and sustainable electricity. With its focus on environmental stewardship, community engagement, and technological advancement, Evergy is positioned to thrive in an evolving energy landscape while continuing to meet the diverse needs of its customers.
Evergy Inc. is a prominent energy company that serves over 6 million customers across Kansas and Missouri, providing essential electricity and natural gas services. Its extensive product and service offerings are tailored to meet the diverse needs of residential, commercial, and industrial sectors, contributing significantly to sustainable energy practices in the region.
Segments
Evergy operates through two primary segments: Electric Utility and Gas Utility.
1. Electric Utility
The Electric Utility segment encompasses the complete cycle of electricity generation, transmission, and distribution. Evergy has established a robust infrastructure that includes ownership and operation of approximately 10,000 megawatts (MW) of generation capacity. This capacity includes a mix of energy sources, such as:
- Coal: Traditional power plants leveraging coal as a fuel source.
- Wind: Significant investments in wind energy facilities, highlighting the companys commitment to renewable energy.
- Natural Gas: State-of-the-art gas-fired power plants that provide flexibility and reliability in energy supply.
The companys comprehensive transmission network spans over 39,000 miles, enabling efficient power transfer across the region. Its extensive distribution system covers more than 67,000 miles, ensuring that electricity reaches customers reliably and affordably.
Gas Utility
The Gas Utility segment involves the distribution of natural gas to customers, mainly in Kansas. Serving over 40,000 customers across approximately 47 communities, Evergy’s Gas Utility segment provides critical energy resources for residential heating, cooking, and other applications.
Products and Services
Evergys offerings are diverse, catering to the specific needs of residential, commercial, and industrial customers.
1. Residential Products
Evergy provides a range of products specifically designed for residential customers:
- Electricity and Natural Gas Plans: Multiple pricing plans allow customers to choose options that align with their usage patterns and budget. These plans can include fixed and variable rates.
- Energy-Efficient Products: To promote sustainability, Evergy offers a variety of energy-efficient products, including:
- LED light bulbs
- Smart thermostats, which help regulate home heating and cooling
- Insulation
- Weatherization services aimed at improving home energy efficiency
Commercial and Industrial Products
For commercial and industrial clients, Evergy delivers specialized products and services aimed at enhancing energy efficiency and reducing operational costs:
- Demand Response Programs: Incentives for reducing electricity consumption during peak demand periods.
- Energy Audits: Comprehensive evaluations of energy use in facilities to identify savings opportunities.
- Energy-Efficient Lighting and HVAC Equipment: Solutions that improve energy performance in business environments.
- Rebates and Incentives: Financial incentives designed to support energy efficiency upgrades, helping businesses lower their overall energy consumption.
Renewable Energy Products
Evergy is committed to transitioning toward sustainable energy and offers several renewable energy products:
- Wind Energy Solutions: Utilizing wind farms to generate clean energy.
- Solar Energy Programs: Options for customers to install solar panels and engage in community solar projects.
- Battery Storage Solutions: Technologies that help store energy for use when demand is high or renewable generation is low.
This approach enables customers to reduce their carbon footprint while benefiting from potential savings on their utility bills.
Energy Services
Evergy provides various energy management services to assist customers in managing their energy consumption more effectively:
- Energy Management Systems: Tools that help customers monitor and control their energy use.
- Load Forecasting and Data Analysis: Using analytics to predict energy needs and identify cost-saving measures.
- Advisory Services: Expertise to help businesses and homeowners make informed decisions regarding their energy consumption.
Conclusion
Evergy Inc. stands out as a leader in the energy sector due to its wide-ranging offerings tailored to the unique energy needs of its diverse customer base. With a dual focus on reliable energy supply and sustainable practices, Evergy is well-equipped to meet ongoing energy demands while promoting a cleaner environment through its commitment to renewable resources. The companys progressive approach integrates modern technologies and efficient energy solutions, reinforcing its position at the forefront of the energy industry.
Segments
Evergy operates through two primary segments: Electric Utility and Gas Utility.
1. Electric Utility
The Electric Utility segment encompasses the complete cycle of electricity generation, transmission, and distribution. Evergy has established a robust infrastructure that includes ownership and operation of approximately 10,000 megawatts (MW) of generation capacity. This capacity includes a mix of energy sources, such as:
- Coal: Traditional power plants leveraging coal as a fuel source.
- Wind: Significant investments in wind energy facilities, highlighting the companys commitment to renewable energy.
- Natural Gas: State-of-the-art gas-fired power plants that provide flexibility and reliability in energy supply.
The companys comprehensive transmission network spans over 39,000 miles, enabling efficient power transfer across the region. Its extensive distribution system covers more than 67,000 miles, ensuring that electricity reaches customers reliably and affordably.
Gas Utility
The Gas Utility segment involves the distribution of natural gas to customers, mainly in Kansas. Serving over 40,000 customers across approximately 47 communities, Evergy’s Gas Utility segment provides critical energy resources for residential heating, cooking, and other applications.
Products and Services
Evergys offerings are diverse, catering to the specific needs of residential, commercial, and industrial customers.
1. Residential Products
Evergy provides a range of products specifically designed for residential customers:
- Electricity and Natural Gas Plans: Multiple pricing plans allow customers to choose options that align with their usage patterns and budget. These plans can include fixed and variable rates.
- Energy-Efficient Products: To promote sustainability, Evergy offers a variety of energy-efficient products, including:
- LED light bulbs
- Smart thermostats, which help regulate home heating and cooling
- Insulation
- Weatherization services aimed at improving home energy efficiency
Commercial and Industrial Products
For commercial and industrial clients, Evergy delivers specialized products and services aimed at enhancing energy efficiency and reducing operational costs:
- Demand Response Programs: Incentives for reducing electricity consumption during peak demand periods.
- Energy Audits: Comprehensive evaluations of energy use in facilities to identify savings opportunities.
- Energy-Efficient Lighting and HVAC Equipment: Solutions that improve energy performance in business environments.
- Rebates and Incentives: Financial incentives designed to support energy efficiency upgrades, helping businesses lower their overall energy consumption.
Renewable Energy Products
Evergy is committed to transitioning toward sustainable energy and offers several renewable energy products:
- Wind Energy Solutions: Utilizing wind farms to generate clean energy.
- Solar Energy Programs: Options for customers to install solar panels and engage in community solar projects.
- Battery Storage Solutions: Technologies that help store energy for use when demand is high or renewable generation is low.
This approach enables customers to reduce their carbon footprint while benefiting from potential savings on their utility bills.
Energy Services
Evergy provides various energy management services to assist customers in managing their energy consumption more effectively:
- Energy Management Systems: Tools that help customers monitor and control their energy use.
- Load Forecasting and Data Analysis: Using analytics to predict energy needs and identify cost-saving measures.
- Advisory Services: Expertise to help businesses and homeowners make informed decisions regarding their energy consumption.
Conclusion
Evergy Inc. stands out as a leader in the energy sector due to its wide-ranging offerings tailored to the unique energy needs of its diverse customer base. With a dual focus on reliable energy supply and sustainable practices, Evergy is well-equipped to meet ongoing energy demands while promoting a cleaner environment through its commitment to renewable resources. The companys progressive approach integrates modern technologies and efficient energy solutions, reinforcing its position at the forefront of the energy industry.
