HIGHBuilt-inGeographic
60%
Kansas
“10-K Item 1: 'Evergy expects its 2026 Kansas and Missouri jurisdictional retail revenues to be approximately 60% and 40%, respectively'”
EVRG · Concentration risk · 10-K extracted
Evergy (EVRG) concentration risks
Updated
The most significant concentration Evergy discloses is Kansas at 60%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Evergy’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH2
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inRegulatory
60%
KCC
“10-K Item 1: 'Evergy Kansas Central and Evergy Metro's Kansas operations are regulated by the State Corporation Commission of the State of Kansas (KCC) ... approximately 60%'”
MEDIUMBuilt-inCommodity
47%
coal
“10-K Item 1: 'actual 2025 fuel mix ... Coal| 47| %'”
MEDIUMBuilt-inRegulatory
40%
MPSC
“10-K Item 1: 'Evergy Metro's Missouri operations and Evergy Missouri West are regulated by the Public Service Commission of the State of Missouri (MPSC) ... 40%, respectively'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile is predominantly structural, reflecting the two-state regulatory geography in which it operates as a regulated electric utility. Kansas jurisdictional retail revenues are expected to represent approximately 60% of consolidated retail revenues, a high share by disclosed size, and the Kansas operations are correspondingly subject to the State Corporation Commission of the State of Kansas — the same approximately 60% share flows through a single state regulator. Missouri operations are expected to represent approximately 40% of retail revenues, regulated by the Public Service Commission of the State of Missouri. Both exposures are structural: they reflect where the franchise operates, not reliance on individual customers or contracts that could be withdrawn. The regulatory bifurcation means rate outcomes, capital recovery timelines, and return-on-equity authorizations in Kansas and Missouri are the primary drivers of financial performance, and divergence between the two commissions' postures is the main idiosyncratic risk in this profile. A third exposure is the fuel mix: coal accounted for a meaningful share of the 2025 generation mix, a medium-share structural concentration that ties operating costs to coal markets and exposes the company to potential regulatory pressure as state and federal clean-energy standards evolve. On balance, no single-name customer or counterparty dependency is disclosed — the risk profile is geographic and regulatory in character throughout.
For the engine’s reasoning on EVRG’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Utilities - Regulated Electric
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CNP | CenterPoint Energy, Inc (Holdin | 2 | 2 | 0 | 4 |
| EVRG● | Evergy, Inc. | 2 | 2 | 0 | 4 |
| D | Dominion Energy, Inc. | 2 | 1 | 0 | 3 |
| AEE | Ameren Corporation | 2 | 0 | 0 | 2 |
| AEP | American Electric Power Company | 0 | 2 | 0 | 2 |
| CMS | CMS Energy Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.