NextEra Energy Resources LLC (together with its affiliated entities, "NextEra Energy Resources") is a clean energy leader and is one of the largest wholesale generators of electric power in the U.S., with approximately 30,600 megawatts of total net generating capacity, primarily in 41 states and Canada as of year-end 2023. NextEra Energy Resources is the world's largest generator of renewable energy from the wind and sun, and a world leader in battery storage. The business operates clean, emissions-free nuc ...

Core Insights - Entergy will host its 2024 Analyst Day conference on June 7, focusing on growth opportunities and business strategies for reliable, affordable, and cleaner energy [1] - The event will be accessible via a live audio webcast starting at 10 a.m. ET, with presentation materials available prior to market open [2] Company Overview - Entergy is a Fortune 500 company serving 3 million customers across Arkansas, Louisiana, Mississippi, and Texas [3] - The company is committed to enhancing the reliability and resilience of the energy system while transitioning to cleaner energy solutions [3] - Entergy has contributed over $100 million annually in economic benefits to local communities since 2018 through philanthropy, volunteerism, and advocacy [3] - Headquartered in New Orleans, Louisiana, Entergy employs approximately 12,000 individuals [3]

A month has gone by since the last earnings report for Entergy (ETR) . Shares have added about 1.7% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Entergy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Entergy's Q1 Earnings Lag Estimates, Revenues Drop Y/Y En ...

NEW ORLEANS, May 3, 2024 /PRNewswire/ -- Entergy is supporting customer growth, expectations for cleaner energy, growing reliability and resilience needs, while balancing affordability for its customers, said Chair and Chief Executive Officer Drew Marsh, during the company's 75th annual meeting of shareholders today. "As we look ahead, we see unprecedented growth potential for our company and our region stemming from a number of factors, including strong industrial sales," said Marsh. "This growth has been ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ | | Registrant, State of Incorporation or | | Registrant, State of Incorporation or | | --- | --- | --- | --- | ...

Ammonia exports benefiting; tight inventories support refining margins NBP to Henry Hub spread; $/MMbtu U.S. LNG export capacity; Bcf/d U.S. gasoline + distillate stocks; 000's bbl Regulatory items pending | --- | --- | --- | |-------|------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | Metric | Detail | | | Auth ...

Entergy Corporation (ETR) reported first-quarter 2024 adjusted earnings of $1.08 per share, which missed the Zacks Consensus Estimate of $1.44 per share by 25%. The bottom line also came in lower than the company’s prior-year quarter’s reported earnings of $1.14 per share by 5.3%.The company reported GAAP earnings per share of 35 cents, down significantly from the year-ago quarter’s level of $1.47 per share.Q1 RevenuesEntergy reported revenues of $2.79 billion, which missed the Zacks Consensus Estimate of $ ...

Entergy (ETR) came out with quarterly earnings of $1.08 per share, missing the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this power company would post earnings of $0.55 per share when it actually produced earnings of $0.52, delivering a surprise of -5.45%.Over the last four quarters, the company has s ...

[News Release](index=1&type=section&id=News%20Release) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Entergy reported decreased Q1 2024 as-reported and adjusted earnings per share compared to Q1 2023, while affirming full-year guidance Q1 2024 vs. Q1 2023 Earnings Summary | Metric | Q1 2024 | Q1 2023 | Change | | :--- | :--- | :--- | :--- | | **As-reported Earnings** | $75 million | $311 million | ($236 million) | | **As-reported EPS** | $0.35 | $1.47 | ($1.11) | | **Adjusted Earnings (non-GAAP)** | $230 million | $242 million | ($12 million) | | **Adjusted EPS (non-GAAP)** | $1.08 | $1.14 | ($0.07) | - The company affirmed its **2024 adjusted EPS guidance range of $7.05 to $7.35**[17](index=17&type=chunk) [Business Highlights](index=1&type=section&id=Business%20Highlights) Entergy achieved significant regulatory and operational milestones, including a SERI agreement, LPSC approval for E-LA's resilience plan, and Grand Gulf's fastest refueling outage - SERI reached an agreement in principle with the CCNO to resolve all complaints, subject to FERC approval[3](index=3&type=chunk) - The LPSC approved the first phase of E-LA's resilience and grid hardening plan, totaling **$1.9 billion**, along with a timely recovery mechanism[3](index=3&type=chunk) - Grand Gulf completed its **24th refueling outage** in March with a **28-day duration**, the plant's **shortest since 2007**[3](index=3&type=chunk) [Business Segment Results](index=2&type=section&id=Business%20Segment%20Results) The Utility segment saw increased adjusted earnings, while Parent & Other reported a wider loss due to affiliate preferred investment dividends [Utility](index=2&type=section&id=Utility) Utility segment's Q1 2024 adjusted earnings increased, despite lower as-reported earnings due to regulatory asset write-offs and charges Utility Segment Earnings (Q1 2024 vs. Q1 2023) | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | **As-reported Earnings** | $195 million | $397 million | | **As-reported EPS** | $0.91 | $1.87 | | **Adjusted Earnings (non-GAAP)** | $350 million | $329 million | | **Adjusted EPS (non-GAAP)** | $1.64 | $1.55 | - Key drivers offsetting higher operating expenses included the net effect of regulatory actions, higher other income from affiliate preferred investments, and increased retail sales volume[14](index=14&type=chunk)[21](index=21&type=chunk) [Parent & Other](index=4&type=section&id=Parent%20%26%20Other) Parent & Other segment reported an increased loss in Q1 2024, primarily driven by deductions from affiliate preferred investment dividends Parent & Other Segment Loss (Q1 2024 vs. Q1 2023) | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | **As-reported/Adjusted Loss** | ($120 million) | ($86 million) | | **As-reported/Adjusted EPS** | ($0.56) | ($0.41) | [Earnings Guidance](index=4&type=section&id=Earnings%20Guidance) Entergy affirmed its full-year 2024 adjusted EPS guidance, noting inability to reconcile to GAAP guidance due to unpredictable adjustments - The company affirmed its **2024 adjusted EPS guidance range of $7.05 to $7.35**[17](index=17&type=chunk) - A reconciliation of non-GAAP guidance to GAAP guidance was not provided because the company cannot predict and quantify all potential adjustments, such as regulatory charges or significant income tax items[18](index=18&type=chunk) [Appendices](index=8&type=section&id=Appendices) [Appendix A: Consolidated results and adjustments](index=9&type=section&id=A%3A%20Consolidated%20results%20and%20adjustments) This appendix details Q1 2024 GAAP to non-GAAP earnings adjustments, including regulatory write-offs, and notes a decrease in consolidated operating cash flow Q1 2024 Adjustments to Earnings | Adjustment Driver | Pre-tax Amount ($ million) | After-tax EPS Impact ($) | | :--- | :--- | :--- | | E-AR regulatory asset write-off | ($132 million) | ($0.46) | | E-NO customer sharing of tax benefits | ($79 million) | ($0.27) | Consolidated Operating Cash Flow | Period | OCF ($ million) | Change ($ million) | | :--- | :--- | :--- | | Q1 2024 | $521 million | ($439 million) | | Q1 2023 | $960 million | | [Appendix B: Earnings variance analysis](index=12&type=section&id=B%3A%20Earnings%20variance%20analysis) This appendix details factors contributing to the Q1 2024 adjusted EPS decrease, highlighting higher O&M and depreciation, partially offset by other income Key Drivers of Adjusted EPS Variance (Q1 2024 vs. Q1 2023) | Driver | Consolidated Adjusted EPS Impact ($) | | :--- | :--- | | **2023 Adjusted EPS** | **1.14** | | Operating revenue drivers | 0.05 | | Other O&M | (0.19) | | Depreciation/amortization | (0.16) | | Other income (deductions) | 0.34 | | Interest expense | (0.08) | | Other drivers | (0.03) | | **2024 Adjusted EPS** | **1.08** | - Higher Utility Other O&M was driven by increased compensation and benefits, power delivery expenses (vegetation management), and costs for operational and customer service initiatives[49](index=49&type=chunk) - Increased Utility depreciation expense was primarily due to higher plant in service[49](index=49&type=chunk) [Appendix C: Utility operating and financial measures](index=14&type=section&id=C%3A%20Utility%20operating%20and%20financial%20measures) This section presents Utility segment operating metrics, showing a 1.4% increase in total retail electricity sales, but flat weather-adjusted sales Utility GWh Sold by Customer Class (Q1 2024 vs. Q1 2023) | Customer Class | Q1 2024 (GWh) | Q1 2023 (GWh) | % Change | % Weather Adjusted Change | | :--- | :--- | :--- | :--- | :--- | | Residential | 7,758 | 7,276 | 6.6% | 1.4% | | Commercial | 6,223 | 6,248 | (0.4)% | (1.2)% | | Industrial | 12,661 | 12,740 | (0.6)% | (0.6)% | | **Total Retail Sales** | **27,214** | **26,841** | **1.4%** | **(0.1)%** | - The total number of retail electric customers increased by **0.7%** to **3,017,897** as of Q1 2024[51](index=51&type=chunk) [Appendix D: Consolidated financial measures](index=15&type=section&id=D%3A%20Consolidated%20financial%20measures) This appendix provides key consolidated financial measures, showing stable adjusted ROE, decreased net liquidity, and improved FFO to debt ratio Key Financial Metrics (as of March 31) | Metric | 2024 | 2023 | Change | | :--- | :--- | :--- | :--- | | Adjusted ROE (non-GAAP) | 10.4% | 10.4% | (0.1)% | | Debt to capital, excl. securitization | 65.6% | 67.2% | (1.7)% | | Net liquidity ($M) | $3626 million | $5295 million | ($1669 million) | | FFO to debt, excl. securitization | 13.2% | 11.4% | 1.7% | [Appendix E: Definitions and abbreviations and acronyms](index=16&type=section&id=E%3A%20Definitions%20and%20abbreviations%20and%20acronyms) This appendix defines operating, GAAP, and non-GAAP financial measures, and lists abbreviations and acronyms used in the earnings release [Appendix F: Other GAAP to non-GAAP reconciliations](index=18&type=section&id=F%3A%20Other%20GAAP%20to%20non-GAAP%20reconciliations) This section provides detailed reconciliations of non-GAAP financial measures to GAAP counterparts, including ROE, debt, and FFO calculations - Provides a reconciliation of as-reported net income to adjusted earnings for the calculation of Return on Equity (ROE)[60](index=60&type=chunk) - Details the adjustments from GAAP debt and capitalization figures to non-GAAP metrics that exclude securitization debt[60](index=60&type=chunk) - Reconciles Net Cash Flow Provided by Operating Activities to Funds From Operations (FFO), a key credit metric[62](index=62&type=chunk) [Financial Statements](index=21&type=section&id=Financial%20Statements) [Consolidating Balance Sheet](index=21&type=section&id=Consolidating%20Balance%20Sheet) The balance sheet shows increased total assets driven by cash, while total shareholders' equity slightly decreased as of March 31, 2024 Consolidated Balance Sheet Summary | Item | March 31, 2024 ($ billion) | Dec 31, 2023 ($ billion) | | :--- | :--- | :--- | | Total Assets | $62.0 billion | $59.7 billion | | Total Liabilities | $47.4 billion | $45.1 billion | | Total Shareholders' Equity | $14.5 billion | $14.6 billion | [Consolidating Income Statement](index=25&type=section&id=Consolidating%20Income%20Statement) Q1 2024 consolidated operating revenues decreased, operating expenses increased due to an asset write-off, leading to a sharp fall in net income Consolidated Income Statement Summary (Three Months Ended March 31) | Item | 2024 ($ million) | 2023 ($ million) | | :--- | :--- | :--- | | Operating Revenues | $2794.6 million | $2981.1 million | | Operating Income | $238.0 million | $462.1 million | | Net Income Attributable to Entergy | $75.3 million | $310.9 million | [Consolidated Cash Flow Statement](index=33&type=section&id=Consolidated%20Cash%20Flow%20Statement) Q1 2024 net cash from operations decreased, investing activities used significant cash, while financing activities provided cash, resulting in a net increase in cash Consolidated Cash Flow Summary (Three Months Ended March 31) | Activity | 2024 ($ million) | 2023 ($ million) | | :--- | :--- | :--- | | Net Cash from Operating Activities | $521.1 million | $959.5 million | | Net Cash used in Investing Activities | ($1283.6 million) | ($4.3 million) | | Net Cash from Financing Activities | $1929.1 million | $2070.4 million | | **Net Increase in Cash** | **$1162.3 million** | **$1746.3 million** |

Investors are always looking for stocks that are poised to beat at earnings season and Entergy Corporation (ETR) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Entergy is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good in ...