Evergy (EVRG) risk factors: FY2025 10-K

1. Utility Regulatory Risks:
2. Prices are established by regulators and may not be sufficient to recover costs or provide for a return on investment.
3. Legislative and regulatory requirements may increase costs and result in compliance penalties.
4. Environmental Risks:
5. Costs to comply with environmental laws and regulations, including those relating to air and water quality, waste management and hazardous substance disposal, protected natural resources and health and safety, are significant and may adversely impact operations and financial results.
6. Financial Risks:
7. Evergy’s business and capital investment plans depend, in part, on the viability of data centers and large load customers interconnecting with Evergy’s utility subsidiaries.new
8. Financial market volatility or declines in the Evergy Companies' credit ratings may increase financing costs and limit access to the credit markets, which may adversely affect liquidity and financial results.
9. Evergy is a holding company and relies on the earnings of its subsidiaries to meet its financial obligations.
10. Supply chain disruptions, tariffs and inflation could negatively impact the Evergy Companies' operations and corporate strategy.Tariffs
11. Public health crises, epidemics, or pandemics could adversely affect the Evergy Companies' business functions, financial position, liquidity, and results of operations.
12. Increasing costs associated with defined benefit retirement and postretirement plans, health care plans and other employee benefits could adversely affect Evergy's financial position and liquidity.
13. The Evergy Companies are subject to commodity and other risks associated with energy markets.
14. Tax legislation and an inability to utilize tax credits could adversely impact results of operations, financial position and liquidity.
15. The anticipated benefits of the Evergy Companies' strategy may not be realized.
16. The price of Evergy common stock may experience volatility.
17. Evergy has recorded goodwill that could become impaired and adversely affect financial results.
18. Customer and Weather-Related Risks:
19. Evergy is subject to wildfire risk.
20. Changes in electricity consumption could have a material adverse effect on Evergy's results of operations, financial position and cash flows.
21. Weather is a major driver of the results of operations, financial position and cash flows of the Evergy Companies and the Evergy Companies are subject to risks associated with climate change.
22. Operational Risks:
23. The Evergy Companies are exposed to risks associated with the ownership and operation of a nuclear generating unit, which could adversely impact the Evergy Companies' business and financial results.
24. Operational risks may adversely affect the Evergy Companies.
25. Physical and cybersecurity breaches, criminal activity, terrorist attacks, acts of war and other disruptions to facilities or technology infrastructure could interfere with operations, expose the Evergy Companies or their customers or employees to a risk of loss, expose the Evergy Companies to legal or regulatory liability and cause reputational and other harm.Cybersecurity
26. Artificial intelligence (AI) is an emerging area of technology that has the potential to impact various aspects of the Evergy Companies' business operations and customer interactions.AI
27. The cost and schedule of capital projects, including the construction of new natural gas and renewable generating facilities, may materially change and expected performance may not be achieved.reworded
28. Failure to attract and retain an appropriately qualified workforce or to maintain satisfactory collective bargaining agreements could negatively impact the Evergy Companies' business and operations and adversely impact the Evergy Companies' results of operations, financial position and cash flows.
29. The structure of the regional power market in which the Evergy Companies operate could have an adverse effect on their results of operations, financial position and cash flows.
30. Litigation Risks:
31. The outcome of legal proceedings cannot be predicted. An adverse finding could have a material adverse effect on the Evergy Companies' results of operations, financial position and cash flows.
32. Environmental, Social and Governance Risks:
33. The Evergy Companies are subject to risks relating to environmental, social and governance (ESG) matters that could adversely affect their reputation, business, financial position and results of operations.

Read these in Item 1A · See the changes

Headings in the FY2024 10-K with no match this year.

1. Climate disclosure rules issued by the SEC may increase the Evergy Companies' costs of compliance and adversely impact their business.