Lower interest rates stimulate the economy primarily by lowering lending rates. The stock market and interest rates have an inverse relationship whereby rising interest rates lead to falling share prices. That phenomenon was on display throughout 2022 and 2023. The opposite phenomenon also holds true whereby lower interest rates increase share prices. It looks like we are headed towards such an environment with the Federal Reserve strongly hinting that the first rate cuts in 4 years are coming in September. ...

Entergy Corporation (ETR) reported second-quarter 2024 adjusted earnings of $1.92 per share, which beat the Zacks Consensus Estimate of $1.77 per share by 8.5%. The company reported GAAP earnings per share of 23 cents, down significantly from the year-ago quarter's level of $1.84 per share. The year-over-year deterioration can be attributed to higher operating expenses as well as interest expenses incurred in the second quarter of 2024 compared to the year-ago quarter. Q2 Revenues Entergy reported revenues ...

Entergy (ETR) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.84 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 8.47%. A quarter ago, it was expected that this power company would post earnings of $1.44 per share when it actually produced earnings of $1.08, delivering a surprise of -25%. Over the last four quarters, the company has s ...

Important settlements reached; guidance and outlooks affirmed NEW ORLEANS, Aug. 1, 2024 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) reported second quarter 2024 earnings per share of 23 cents on an as-reported basis and $1.92 on an adjusted (non-GAAP) basis. "We successfully executed on key operational, customer, and regulatory fronts," said Drew Marsh, Entergy Chair and Chief Executive Officer. "Having achieved several important milestones, we have paved the way to capture the robust growth in front of ...

Core Insights - Shenandoah Telecommunications Company (Shentel) appointed Michael A. Rhymes to its board of directors and Audit Committee on July 30, 2024 [1] Group 1: Appointment Details - Michael A. Rhymes is the Chief Information Officer at Entergy, responsible for all information technology systems [2] - Rhymes has a strong background in IT strategy and organizational development, having previously held leadership roles at Gates Corporation, Eaton, Cooper Industries, Ernst & Young, and Accenture [2] Group 2: Executive Comments - Christopher E. French, Chairman and CEO of Shentel, expressed delight in Rhymes' appointment, highlighting his extensive experience in strategic planning and understanding of technology and cybersecurity issues [4] Group 3: Company Overview - Shenandoah Telecommunications Company provides broadband services through a high-speed fiber optic and cable network across seven states in the eastern United States [5] - The company offers a range of services including broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services, with approximately 15,600 route miles of fiber [5]

Entergy has paid shareholders a cash dividend on its common stock continuously since 1988. NEW ORLEANS, July 26, 2024 /PRNewswire/ -- Entergy's board of directors today declared a quarterly dividend payment of $1.13 per share on the company's common stock. The dividend is payable Sept. 3, 2024, to shareholders of record as of Aug. 13, 2024. SOURCE Entergy Corporation About Entergy Entergy (NYSE: ETR) is a Fortune 500 company that powers life for 3 million customers through our operating companies in Arkansa ...

NEW ORLEANS , July 18, 2024 /PRNewswire/ -- Entergy will report its second-quarter 2024 financial results before the market opens Thursday, Aug. 1. Drew Marsh, chair and chief executive officer, Kimberly Fontan, executive vice president and chief financial officer, and company leaders invite you to listen to a live webcast discussion of Entergy's financial results at 10 a.m. Central time that day. The webcast may be accessed by visiting Entergy's website at entergy.com/investors or by dialing 888-440-4149, ...

Entergy Texas, Inc. provides electricity to approximately 512,000 customers in 27 counties. Entergy Texas is a subsidiary of Entergy Corporation, a Fortune 500 electric company. Entergy powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We're investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Ente ...

Enhancing an already strong outlook A powerful partnership Meanwhile, its longer-term opportunity is even more robust. The company has an industry-leading pipeline consisting of a staggering 300 GWs of projects in various stages of development. While it won't build all those projects, it has historically captured 20% of the market for new renewable and storage originations. The Entergy deal will enable NextEra to convert more of its pipeline into secured capital projects. NextEra Energy (NEE -1.71%) has an ...

"We believe the power sector is at an inflection point, and growing electricity demand will be met by low-cost, renewable generation and storage," said Rebecca Kujawa, president and chief executive officer of NextEra Energy Resources. "We're pleased to reach this agreement because it further strengthens our long-standing collaboration and adds up to 4.5 GW on top of the more than 1.7 GW of renewable energy projects already underway with Entergy." NEW ORLEANS and JUNO BEACH, Fla., June 7, 2024 /PRNewswire/ - ...