Electric power utility is emerging as an industry promising gains in the long term. This space is set to see a massive acceleration in demand from artificial intelligence (AI)-driven data center growth, widespread adoption of electric vehicles (EV), and an increase in residential demand. Investors should closely watch the players in this industry with a long-term investment perspective. At this stage, we recommend five large-cap (market capital > $10 billion) electric power utility stocks with a favorable Z ...

Bill Abler moves to system planning leadership role NEW ORLEANS, Sept. 26, 2024 /PRNewswire/ -- Entergy today named Liz Hunter as vice president of investor relations, effective Oct. 1. Hunter will lead Entergy's interactions with the investment community and communicate the company's strategy and progress towards creating long-term sustainable value for its stakeholders. She will report to Kimberly Fontan, executive vice president and chief financial officer. "Liz has consistently delivered results through ...

Veteran executive concludes chapter on decades-long career with the company NEW ORLEANS, Sept. 26, 2024 /PRNewswire/ -- Entergy announced today that Rod West, group president of utility operations, will retire following more than 25 years of exemplary leadership and service to the company, effective Jan. 31, 2025. Beginning Nov. 1, West will serve as a strategic advisor to Entergy's Chair and CEO, Drew Marsh, and the company's executive team, to ensure a well-planned transition that continues to prioritize ...

Entergy Corporation's (ETR) continuous capital investments to upgrade distribution and transmission are likely to strengthen its infrastructure, which would help enhance its performance. Given its growth opportunities, ETR makes for a solid investment option in the Utility sector. Currently, the company carries a Zacks Rank #2 (Buy). Let's look at the factors that are driving the stock. ETR's Growth Projections The Zacks Consensus Estimate for ETR's 2024 earnings per share (EPS) indicates year-over-year gro ...

Core Insights - Crescent Midstream is leading the development of a significant carbon capture and sequestration (CCS) project for Entergy Corporation's Lake Charles Power Station, which aims to capture up to 3 million metric tonnes of CO2 annually, equivalent to the emissions of 600,000 vehicles [1] - The project, estimated to cost around $1 billion, will utilize Honeywell's capture technology and is a collaboration between Crescent, Entergy, SAMSUNG E&A, and Honeywell [1] - Louisiana is the second-largest CO2-emitting state in the U.S., with over 72 million tonnes of CO2 emissions per year, primarily from industrial sources [2] Project Details - The CCS project will involve constructing a facility and pipeline to capture and transport CO2 from Entergy's natural gas-fired power plant to permanent underground storage [1][3] - Crescent Midstream will leverage its extensive experience in pipeline construction and operations to ensure the safe transportation of CO2 [3] Corporate Sustainability Efforts - Crescent Midstream emphasizes corporate sustainability, aiming to connect CO2 emission sources with permanent storage solutions [4] - The company is also sponsoring initiatives to plug orphaned oil wells in Louisiana to reduce methane emissions and has completed marsh preservation projects to combat coastal erosion and restore CO2-absorbing plant life [4] Financial Backing - Crescent Midstream is supported by The Carlyle Group, which manages $435 billion in assets as of June 30, 2024 [5] Company Overview - Crescent Midstream is an independent energy company focused on providing crude oil services in the Gulf of Mexico and Louisiana, with a strong asset footprint that positions it for organic growth [6]

Through energy bill assistance and essential resources, Entergy has helped customers in need stay safe during the severe summer heat NEW ORLEANS, Sept. 19, 2024 /PRNewswire/ -- With soaring high temperatures this summer, Entergy donated $3 million to help its low-income customers become more energy efficient and save money on their energy bills. Through Entergy's "Beat the Heat" program, customers received bill payment assistance, fans, energy efficiency kits, home weatherization and invaluable support from ...

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 ...