Earnings summaries and quarterly performance for ENTERGY CORP /DE/.
Executive leadership at ENTERGY CORP /DE/.
Andrew S. Marsh
Chair and Chief Executive Officer
Kimberly A. Fontan
Executive Vice President and Chief Financial Officer
Kimberly Cook-Nelson
Executive Vice President, Nuclear Operations and Chief Nuclear Officer
Marcus V. Brown
Executive Vice President and General Counsel
Peter S. Norgeot, Jr.
Executive Vice President and Chief Operating Officer
Board of directors at ENTERGY CORP /DE/.
Brian W. Ellis
Director
Gina F. Adams
Director
James F. Caldwell, Jr.
Director
John H. Black
Director
John R. Burbank
Director
Karen A. Puckett
Director
Kirkland H. Donald
Director
M. Elise Hyland
Director
Philip L. Frederickson
Director
R. Lewis Ropp
Director
Stuart L. Levenick
Lead Independent Director
Research analysts who have asked questions during ENTERGY CORP /DE/ earnings calls.
David Arcaro
Morgan Stanley
6 questions for ETR
Jeremy Tonet
JPMorgan Chase & Co.
5 questions for ETR
Andrew Weisel
Scotiabank
4 questions for ETR
Nicholas Campanella
Barclays
4 questions for ETR
Sophie Karp
KeyBanc Capital Markets Inc.
4 questions for ETR
Anthony Crowdell
Mizuho Financial Group
3 questions for ETR
Julien Dumoulin-Smith
Jefferies
3 questions for ETR
Paul Zimbardo
Jefferies Financial Group Inc.
3 questions for ETR
Steven Fleishman
Wolfe Research
3 questions for ETR
Angie Storozynski
Seaport Research Partners
2 questions for ETR
David Paz
Wolfe Research, LLC
2 questions for ETR
Diana Niles
JPMorgan Chase & Co.
2 questions for ETR
Michael Lonegan
Evercore ISI
2 questions for ETR
Paul Patterson
Glenrock Associates
2 questions for ETR
Ross Fowler
Bank of America
2 questions for ETR
Shahriar Pourreza
Guggenheim Partners
2 questions for ETR
Shar Pourreza
Wells Fargo
2 questions for ETR
Travis Miller
Morningstar
2 questions for ETR
Alex Kania
Marathon Capital
1 question for ETR
Bill Appicelli
UBS
1 question for ETR
Constantine Lednev
Wells Fargo
1 question for ETR
Konstantin Lednev
Guggenheim Partners
1 question for ETR
Paul Fremont
Ladenburg Thalmann
1 question for ETR
Ryan Levine
Citigroup
1 question for ETR
Steve D'Ambrisi
RBC Capital Markets
1 question for ETR
Steve Fleishman
Wolfe Research, LLC
1 question for ETR
William Appicelli
UBS
1 question for ETR
Recent press releases and 8-K filings for ETR.
- Entergy reported 2025 adjusted EPS of $3.91, in the top half of its guidance, and expects >8% adjusted EPS annual growth through 2029.
- Retail sales grew 4% in 2025, driven by 7% industrial sales, and the company forecasts 8% compound annual retail sales growth, led by 15% industrial growth through 2029.
- The four-year capital plan through 2029 increased to $43 billion, with $11.6 billion slated for 2026; associated equity needs remain $4.4 billion (10–15% of capex).
- In 2025, Moody’s cash flow from operations/debt exceeded 17%, S&P’s FFO/debt was 16%, and Entergy plans to monetize $215 million of nuclear PTCs in 2026.
- Entergy delivered $3.91 adjusted EPS in 2025, in the top half of guidance, with $5.2 B of operating cash flow.
- Credit metrics remain robust, with Moody’s CFO pre-working capital to debt and S&P FFO to debt projected above agencies’ thresholds.
- Company forecasts >8% adjusted EPS CAGR through 2029 underpinned by a $43 B capital plan, and 2026 adjusted EPS guidance of $4.25–$4.45.
- FY 2025 adjusted EPS of $3.91, top half of guidance; targets >8% adjusted EPS CAGR through 2029.
- 4% retail sales growth (7% industrial) in 2025; forecasts 8% retail sales CAGR and 15% industrial growth through 2029, backed by ~3.5 GW of signed ESAs and a 7–12 GW data center pipeline.
- Four-year customer-centric capital plan of $43 billion (through 2029); 2026 capex of $11.6 billion with $4.4 billion equity needs (45% contracted) and $1 billion in hybrids planned.
- Strong credit metrics: Moody’s CFFO-FWC to debt > 17% and S&P FFO to debt ~ 16%, above thresholds; expects $215 million net from nuclear PTCs in 2026.
- Entergy Louisiana filed to acquire Cottonwood Generating Station for $1.5 billion plus $300 million in improvements; decision expected by year-end, alongside Segno and Votaw Solar filings.
- Reported 2025 adjusted EPS of $3.91, top half of guidance; reaffirmed > 8% adjusted EPS CAGR through 2029.
- Achieved 4% sales growth in 2025 (7% industrial); expects 8% retail CAGR (15% industrial) through 2029 with data center pipeline of 7–12 GW.
- Committed $43 billion capital plan through 2029 (2026: $11.6 billion) with $4.4 billion equity; Moody’s CFO FWC/debt > 17%, S&P FFO/debt ≈ 16%.
- Invested $8 billion in 2025 ($3.5 billion in energy delivery); advanced ~ 9 GW of new capacity toward 13 GW goal.
- Secured regulatory approvals: Arkansas Generating Arkansas Jobs Act, Texas MISO capacity rider recovery, and Louisiana Lightning Initiative; filed for Cottonwood acquisition and renewable projects.
- Entergy reported 4Q25 EPS of $0.51 (down from $0.65) and FY25 EPS of $3.91, up from $2.45 in FY24.
- Utility segment earnings rose to $2,280 M (EPS $5.06) for FY25 from $1,827 M ($4.23) in FY24.
- Parent & Other posted a FY25 loss of $521 M (EPS $(1.16)), compared with a $(771 M) loss (EPS $(1.79)) in FY24.
- Entergy initiated 2026 adjusted EPS guidance of $4.25–$4.45.
- Entergy Louisiana broke ground on two combined-cycle combustion turbine plants in Richland Parish, adding 1,500 MW of efficient natural gas capacity to bolster reliability and support economic growth in north Louisiana.
- The multi-billion-dollar Franklin Farms Power Station project will generate thousands of construction and technology jobs and is expected to be operational by late 2028.
- Meta’s new data center will fully fund the required interconnection infrastructure under a 15-year agreement projected to deliver $650 million in customer savings and cut storm charges and resilience upgrade costs by around 10%.
- The facilities will lower emissions, enable renewable integration, and enhance low-cost, reliable service for over 1.1 million Entergy Louisiana customers.
- On November 4, 2025, Entergy agreed to underwrite $600 million Series 2025A and $700 million Series 2025B junior subordinated debentures due June 15, 2056; sale closed November 7, 2025.
- Series 2025A bears 5.875% fixed interest through June 15, 2031, then resets every five years at the 5-year Treasury rate plus 2.179% (floor 5.875%).
- Series 2025B bears 6.100% fixed interest through June 15, 2036, then resets every five years at the 5-year Treasury rate plus 2.013% (floor 6.100%).
- The debentures rank subordinated to all senior indebtedness and include optional interest deferral up to 10 years and redemption features.
- Entergy Louisiana and Energy Transfer LP agreed to a 20-year natural gas firm transportation contract delivering 250,000 MMBtu/day from February 2028 through January 2048, with an option to expand capacity.
- The supply will fuel Entergy Louisiana’s combined‐cycle combustion turbine facilities and support economic growth in Richland Parish, including Meta’s new hyperscale data center.
- The project entails a 12-mile lateral addition to Energy Transfer’s Tiger Pipeline, increasing regional capacity by up to 1 Bcf/d.
- This long‐term deal is incorporated into Entergy’s financial planning to ensure reliable, affordable energy and back regional development through 2048.
- Adjusted EPS of $1.53 and operating cash flow of $2.1 billion in 3Q25.
- Narrowed 2025 adjusted EPS guidance to $3.85–$3.95 and extended outlook through 2029, targeting > 8% CAGR in adjusted EPS.
- Expanded growth pipeline, raising data center capacity target to 12 GW and securing 4.5 GW of power island equipment for large-scale projects.
- Reported adjusted EPS of $1.53 in Q3 2025.
- Narrowed 2025 adjusted EPS guidance, raising the bottom by $0.10.
- Achieved 4.5% weather-adjusted sales growth and over 7% industrial sales growth.
- Affirmed all credit ratings and outlooks by S&P and Moody’s; monetized $535 million of nuclear PTCs for customer benefit.
- Updated capital plan of $41 billion for 2026–2029 and maintains >8% EPS CAGR through 2029.
Quarterly earnings call transcripts for ENTERGY CORP /DE/.
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