Core Viewpoint - Entergy Corporation has elected retired Admiral Frank Caldwell as an independent director, effective November 1, 2025, enhancing the board's expertise in nuclear operations and leadership [1][2]. Group 1: Board Composition and Leadership - With Admiral Caldwell's election, Entergy's board now consists of 12 directors, and he will serve on the nuclear and operations oversight, and talent and compensation committees [2]. - Drew Marsh, Entergy's chair and CEO, emphasized Admiral Caldwell's valuable perspective in meeting customer needs and regional demand [2]. Group 2: Admiral Caldwell's Background - Admiral Caldwell, aged 66, has a distinguished naval career, most recently serving as the director of the Naval Nuclear Propulsion Program from August 2015 until January 2024, overseeing operations for all U.S. Navy nuclear propulsion plants and a team of over 85,000 [3][4]. - His extensive experience includes roles such as director of the U.S. Navy Staff and Commander of the Submarine Force for the U.S. Pacific Fleet [4]. - He holds a bachelor's degree in marine engineering and a master's in operations research, along with numerous military honors [5]. Group 3: Company Overview - Entergy Corporation (NYSE: ETR) provides electricity to approximately 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, focusing on growth, reliability, and affordable energy rates [5]. - The company is investing in cleaner energy generation, including natural gas, nuclear, and renewable sources, and contributes over $100 million annually in economic benefits to its communities [5].

Core Points - Entergy's board of directors declared a quarterly dividend payment of $0.64 per share, an increase of $0.04 per share, payable on December 1, 2025, to shareholders of record as of November 13, 2025 [1] - Entergy has consistently paid cash dividends on its common stock since 1988 [1] Company Overview - Entergy produces, transmits, and distributes electricity to approximately 3 million customers across Arkansas, Louisiana, Mississippi, and Texas [2] - The company is focused on investing for growth, improving reliability and resilience of its energy system, and maintaining affordable energy rates for customers [2] - Entergy is investing in cleaner energy generation, including modern natural gas, nuclear, and renewable energy sources [2] - The company delivers over $100 million in economic benefits annually to the communities it serves through philanthropy, volunteerism, and advocacy [2] - Entergy is a Fortune 500 company headquartered in New Orleans, Louisiana, with around 12,000 employees [2]

Environmental Commitment - Entergy Corporation's commitment to achieve net-zero carbon emissions by 2050, with increasing investments in renewable power generation and carbon capture technologies [24] - Entergy's strategies to reduce tax payments may influence financial results and future cash flows [24] - The company is focused on enhancing its carbon-free energy capacity while managing the associated financial impacts [24] Demand and Growth - The company anticipates significant growth in demand from large data centers, impacting electricity demand and capital project execution [22] - The anticipated load growth may not materialize, posing risks to economic conditions in the Utility service area [24] - Total electric energy sales for the Utility increased by 4% from 39,474 GWh in 2024 to 41,203 GWh in 2025, with residential sales up 2%, commercial sales up 1%, and industrial sales up 7% [46] Financial Performance - Entergy's net income attributable to the corporation for Q3 2025 was $693.8 million, an increase from $644.9 million in Q3 2024, representing a growth of approximately 7.6% [37] - Operating revenues for Entergy increased to $3.797 billion in Q3 2025, up from $3.370 billion in Q3 2024, reflecting a rise of about 12.6% [39] - Other income increased to $79.1 million in Q3 2025, compared to $66 million in Q3 2024, marking a growth of approximately 19.7% [37] Operating Expenses and Costs - The company is facing increased costs and capital expenditures due to changing regulatory requirements and economic conditions [22] - Other operation and maintenance expenses increased from $714 million in Q3 2024 to $764 million in Q3 2025, driven by higher power delivery expenses and compensation costs [47] - Power delivery expenses rose by $44 million primarily due to higher vegetation maintenance costs, while non-nuclear generation expenses increased by $19 million due to a higher scope of work during plant outages in 2025 compared to 2024 [75] Regulatory and Compliance Issues - Entergy's participation in MISO is subject to regulatory and operational challenges, which may affect cost recovery and market conditions [20] - Changes in environmental laws and regulations could affect compliance costs and operational strategies [22] - Entergy is committed to maintaining the reliability of its nuclear generating facilities amidst regulatory scrutiny and public opposition [20] Capital Investments and Projects - Entergy plans to invest approximately $41 billion in capital from 2026 to 2029, including $12 billion in 2026 and $11 billion in 2027, focusing on modernization and expansion of its Utility operations [107] - Entergy Arkansas filed for a long-term special rate contract with Google for a new data center, with a hearing scheduled for November 2025 [108] - Entergy Louisiana filed for approval of three new combined cycle combustion turbine generation resources totaling 2,262 MW, alongside a new 500 kV transmission line, to support a new data center for Meta Platforms, Inc. [118] Debt and Financing - The debt to capital ratio decreased from 65.3% on December 31, 2024, to 64.3% on September 30, 2025 [96] - Entergy Corporation has a credit facility with a borrowing capacity of $3 billion, with no borrowings made as of September 30, 2025, and an estimated interest rate of 5.76% applicable to potential borrowings [99] - Entergy expects to issue approximately $4.4 billion of equity through 2029, with $1.9 billion already contracted under forward sale agreements [105] Shareholder Returns - The Board declared a dividend of $0.64 per share in October 2025 [132] - The company declared common stock dividends totaling $258,249 for the nine months ended September 30, 2025 [167] Cash Flow and Liquidity - Net cash provided by operating activities increased by $823 million for the nine months ended September 30, 2025, compared to the same period in 2024 [134] - Net cash flow used in investing activities increased by $1,209 million for the nine months ended September 30, 2025, primarily due to a $1,712 million increase in non-nuclear generation construction expenditures [136][137] - Entergy had $1,517 million in cash and cash equivalents at the end of the period, up from $1,412 million in 2024 [133] Taxation - The effective income tax rate for Q3 2025 was 22.7%, compared to 25% in Q3 2024, primarily due to state income tax accruals [57][58] - Taxes other than income taxes increased due to higher assessments and local franchise taxes resulting from increased retail revenues in 2025 compared to 2024 [74] Future Outlook - Entergy Arkansas's 2026 projected rate of return on common equity is 8.45%, resulting in a revenue deficiency of $68.9 million, with a total proposed revenue change of $117.7 million [193] - Entergy Louisiana's 2025 test year filing showed an earned return on rate base of 7.64%, with no change in formula rate plan revenues [211] - The company plans to offset the COVID-19 regulatory asset with a regulatory liability for deferred earnings related to low-interest debt, with approval from the LPSC [210]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Financial Data and Key Metrics Changes - The company reported adjusted earnings per share (EPS) of $1.53, raising the bottom of its guidance by $0.10 due to strong financial results and sales growth [4][21] - Weather-adjusted sales increased approximately 4.5%, with industrial sales growing more than 7% primarily from new and expansion customers [21][22] Business Line Data and Key Metrics Changes - The company achieved a first quartile net promoter score for utility residential service, maintaining this position [4] - The digital LIHEAP platform received a Silver Best Practices Award for excellence in serving vulnerable customers [7] Market Data and Key Metrics Changes - Entergy Mississippi announced a $300 million investment to improve grid reliability, expected to reduce outages by half within five years [8] - The data center pipeline has grown to 7-12 GW based on active customer conversations, indicating strong demand for energy infrastructure [9][10] Company Strategy and Development Direction - The company is focused on maintaining low rates for customers while managing fuel volatility through hedging programs [5][6] - Entergy is actively pursuing new industrial customers, including hyperscale data centers, while ensuring they contribute fairly to energy infrastructure costs [7][9] - The capital plan for 2026-2029 is set at $41 billion, with $4.4 billion in equity planned, indicating a proactive approach to funding growth [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term growth outlooks, supported by strong customer demand and regulatory mechanisms [4][19] - The company anticipates continued significant transmission investment driven by customer needs and growth in service territories [49][50] Other Important Information - The company has secured approximately 75% of critical equipment for owned projects, with a clear line of sight for the remaining 25% [11] - Entergy Texas was awarded $200 million in grant funding for resilience projects, enhancing storm readiness without additional costs to customers [15] Q&A Session Summary Question: Updated CapEx plan and 4.5 GW of power island equipment - The $41 billion CapEx includes capital needed to support forecasted load, with the 4.5 GW supporting additional customers in the pipeline [31] Question: Long-term EPS growth outlook beyond 2030 - Management indicated good visibility through 2029, with potential for long-term growth opportunities as additional customers are secured [32] Question: Customer demand for renewable components - The company is exploring all types of resources, including gas and renewables, to meet customer needs [34] Question: Arkansas project ramp-up and local stakeholder views - The project is in early stages, with strong local support and expected to proceed as planned [46] Question: Impact of large customers on existing customers - Large new customers are expected to help existing customers by covering incremental costs during construction [106] Question: Potential for onsite power generation by data centers - While data centers could self-generate, they prefer to avoid capital investment in generation, allowing Entergy to build nearby generation facilities [103] Question: Arkansas rate case filing - The team is still working on the case, but benefits from large new customers are expected to be outlined in the filing [106] Question: Clarification on 8 GW for additional growth - The 8 GW represents growth opportunities above the forecast, with a total of 19.5 GW now identified [87] Question: Renewable commitments for hyperscalers - Additional renewables are expected to be associated with large hyperscale deployments, complementing gas commitments [88]

Financial Data and Key Metrics Changes - The company reported adjusted earnings per share (EPS) of $1.53, raising the bottom of its guidance by $0.10 due to strong financial results and sales growth [3][19] - Weather-adjusted sales increased approximately 4.5%, with industrial sales growing over 7% primarily from new and expansion customers [19][20] Business Line Data and Key Metrics Changes - The company achieved a first quartile net promoter score for utility residential service, maintaining this position [3] - The digital LIHEAP platform received a Silver Best Practices Award for excellence in serving vulnerable customers [5] Market Data and Key Metrics Changes - Entergy Mississippi announced a $300 million investment to improve grid reliability, aiming to reduce outages by half within five years [6][7] - The data center pipeline has grown to 7 to 12 gigawatts based on active customer conversations [8][9] Company Strategy and Development Direction - The company is focused on maintaining low rates for customers while managing fuel volatility through hedging programs [4] - Entergy is actively pursuing new industrial customers, including hyperscale data centers, while ensuring they contribute fairly to energy infrastructure investments [5][8] - The capital plan for 2026 through 2029 is set at $41 billion, with $4.4 billion in equity planned [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term growth outlooks, supported by a strong customer pipeline and ongoing investments in reliability and resilience [18][24] - The company is well-positioned to respond to national security priorities through rapid energy deployment [17][18] Other Important Information - The company has secured approximately 75% of critical equipment for owned projects, with a clear line of sight for the remaining 25% [10] - Entergy Texas was awarded $200 million in grant funding for resilience projects, with no cost to customers [13] Q&A Session Summary Question: Update on CapEx plan and 4.5 gigawatts of power equipment - The $41 billion CapEx includes capital needed to support forecasted load, with the 4.5 gigawatts supporting additional customers [28] Question: Long-term EPS growth outlook beyond 2030 - The company has good visibility through 2029 and sees long-term opportunities beyond that period [29] Question: Customer resource mix preferences - The company is exploring both gas and renewable resources to meet customer needs, with an all-of-the-above approach [30][31] Question: Timeframe for 4.5 gigawatts of power equipment - The six units are expected to support commercial operations in 2031 and 2032, with ongoing discussions for additional turbine supply [46][47] Question: Potential for onsite power generation by data centers - The company is building generation close to customer locations, and customers prefer to avoid capital investment in generation [81] Question: Arkansas rate case filing - The team is still working on the case, and benefits from large new customers will be outlined in the filing [84] Question: Breakdown of the 12-gigawatt pipeline - The pipeline includes opportunities at various stages but does not include signed ESAs until certainty is achieved [63] Question: Clarification on 8 gigawatts for additional growth - The company clarified that the 8 gigawatts is part of the overall forecast, with additional growth opportunities identified [72] Question: Renewable commitments for hyperscalers - The company expects additional renewables associated with large hyperscale deployments, with ongoing discussions for solar projects [73]

Financial Performance - The company's third quarter 2025 adjusted EPS was $1.53[6], compared to $1.50 in 3Q24[83] - The company's third quarter 2025 operating cash flow was $2.1 billion[6] - The company narrowed its adjusted EPS guidance for 2025 to $3.85-$3.95 and extended the outlook period to 2029, expecting greater than 8% CAGR[6] Growth and Strategy - The company increased its data center pipeline to 7 GW to 12 GW[6] - The company secured an additional 4.5 GW of power island equipment for large growth opportunities[6] - The company plans to invest for growth, reliability, and resilience, with strong customer growth and potential upside opportunities from industrial pipelines[18] Capital and Equity Plans - The company has a $40 billion capital plan for 2025E-2028E with a $4.7 billion equity plan[14] - The company has a $41 billion capital plan for 2026E-2029E with a $4.4 billion equity plan[14] Regulatory and Operational Overview - The company's utility operations include 3 million retail customers[24] - The company's utility operations include 24,479 MW of owned and leased generating assets[24] - The company's utility operations include 16,100 circuit miles of interconnected high-voltage transmission lines and 107,255 circuit miles of distribution lines[24]

Core Insights - Entergy Corporation (ETR) reported third-quarter 2025 earnings of $1.53 per share, exceeding the Zacks Consensus Estimate of $1.46 by 4.8% and improving 2% from the previous year's $1.50 [1][7] - The company achieved revenues of $3.81 billion, surpassing the Zacks Consensus Estimate of $3.51 billion by 8.6% and increasing 12.4% from $3.39 billion in the same quarter last year [2][7] Financial Performance - Operating expenses rose to $2.69 billion, a 19% increase from $2.26 billion in the prior-year quarter [4] - Operating income was reported at $1.12 billion, down 0.9% from $1.13 billion in the year-ago period [4] - Total interest expenses increased to $324.9 million, up 10% from $295.1 million reported in the comparable period of 2024 [4] Segment Results - Utility segment earnings were $1.79 per share, a decrease from $1.82 reported in the third quarter of 2024 [3] - The Parent & Other segment posted a loss of 26 cents per share, an improvement from a loss of 33 cents in the third quarter of 2024 [3] Cash Flow and Debt - As of September 30, 2025, Entergy had cash and cash equivalents of $1.52 billion, up from $0.86 billion as of December 31, 2024 [5] - Long-term debt totaled $27.06 billion, compared to $26.61 billion as of December 31, 2024 [5] - Cash generated from operating activities was $2.13 billion, compared to $1.56 billion in the year-ago period [5] Guidance - Entergy has narrowed its financial guidance for 2025, now expecting adjusted earnings in the range of $3.85 to $3.95 per share, compared to the previous guidance of $3.75-$3.95 [6][7] - The Zacks Consensus Estimate for ETR's earnings is currently pegged at $3.90 per share, aligning with the midpoint of its revised guidance [6] Market Position - ETR currently holds a Zacks Rank 2 (Buy), indicating a favorable outlook in the market [8]

Core Viewpoint - Entergy (ETR) reported quarterly earnings of $1.53 per share, exceeding the Zacks Consensus Estimate of $1.46 per share, and showing an increase from $1.50 per share a year ago, indicating a positive earnings surprise of +4.79% [1] Financial Performance - The company achieved revenues of $3.81 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 8.64%, compared to $3.39 billion in the same quarter last year [2] - Over the last four quarters, Entergy has consistently surpassed consensus EPS estimates and topped revenue estimates twice [2] Stock Performance - Entergy shares have increased approximately 25.3% since the beginning of the year, outperforming the S&P 500's gain of 17.2% [3] Future Outlook - The company's earnings outlook will be crucial for determining future stock movements, with current consensus EPS estimates at $0.63 for the coming quarter and $3.90 for the current fiscal year [4][7] - The Zacks Rank for Entergy is currently 2 (Buy), indicating expectations for the stock to outperform the market in the near future [6] Industry Context - The Utility - Electric Power industry, to which Entergy belongs, is currently ranked in the top 21% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]

Financial Performance - Entergy reported third quarter 2025 earnings of $694 million, or $1.53 per share, compared to $645 million, or $1.50 per share in the same quarter of 2024, reflecting a year-over-year increase of 7.6% in earnings[7]. - The company narrowed its 2025 adjusted EPS guidance range to $3.85 to $3.95, indicating a focus on maintaining financial performance[4][15]. - Consolidated earnings for Q3 2025 were $694 million, an increase of 7.6% from $645 million in Q3 2024[38]. - Adjusted earnings for Q3 2025 were $694 million, up 36.6% from $1,286 million year-to-date in 2024[38]. - Year-to-date adjusted earnings per share for 2025 was $2.99, compared to $1.79 in 2024, reflecting a 67% increase[48]. - Consolidated net income for the three months ended September 30, 2025, was $698,424,000, compared to $645,754,000 for the same period in 2024, representing an increase of approximately 8.2%[68][69]. - Basic earnings per share for the three months ended September 30, 2025, were $1.55, compared to $1.51 for the same period in 2024, marking an increase of about 2.6%[68][69]. - Consolidated net income attributable to Entergy Corporation for the nine months ended September 30, 2025, was $1,522,490, compared to $769,143 for the same period in 2024, reflecting a significant increase of approximately 97.6%[71]. - Basic earnings per share for the nine months ended September 30, 2025, were $3.47, up from $1.80 in the same period in 2024, indicating an increase of approximately 92.2%[71]. Revenue and Sales - The Utility business segment reported earnings of $810 million, or $1.79 per share, for the third quarter 2025, compared to $787 million, or $1.82 per share in the same quarter of 2024[9]. - Total operating revenues for the three months ended September 30, 2025, totaled $3,812,019,000, up from $3,389,100,000 in the same period of 2024, reflecting a growth of about 12.4%[68][69]. - Total operating revenues for the nine months ended September 30, 2025, were $9,987,742, an increase from $9,137,348 in the same period of 2024, representing a growth of approximately 9.3%[70]. - Total operating revenues for the twelve months ended September 30, 2025, were $12,730,047, compared to $11,500,000 for the twelve months ended September 30, 2024, representing an increase of approximately 10.7%[72]. - The company reported an increase in electric operating revenues to $12,507,347 for the twelve months ended September 30, 2025, compared to $11,000,000 for the same period in 2024, reflecting a growth of approximately 13.7%[72]. - Total retail sales increased by 3.9% in Q3 2025, with industrial sales rising by 7.3% and residential sales increasing by 2.7%[54]. Expenses and Costs - The company reported operating expenses of $2,692,978,000 for the three months ended September 30, 2025, compared to $2,263,238,000 in 2024, an increase of approximately 19%[68][69]. - Interest expense for the three months ended September 30, 2025, was $346,992,000, compared to $308,502,000 in 2024, reflecting an increase of about 12.5%[68][69]. - Total operating expenses for the nine months ended September 30, 2025, were $7,331,172, compared to $7,155,873 for the same period in 2024, showing an increase of approximately 2.5%[71]. - Interest expense for the nine months ended September 30, 2025, was $1,038,443, compared to $887,508 for the same period in 2024, reflecting an increase of approximately 17%[71]. Cash Flow and Liquidity - Year-to-date consolidated operating cash flow increased to $3,933 million in 2025, up 26.5% from $3,109 million in 2024[45]. - Net cash flow provided by operating activities rose significantly to $2,134,795,000, an increase of 36.6% compared to $1,562,372,000 in the prior year[74]. - Cash and cash equivalents rose by $105 million to $1.517 billion as of September 30, 2025[56]. - Cash and cash equivalents at the end of the period increased to $1,516,969, up from $1,411,812 in 2024, reflecting a growth of 7%[78]. - The company reported a net increase in cash and cash equivalents of $341,338,000 for the three months ended September 30, 2025, compared to an increase of $56,648,000 in the same period of 2024[74]. Debt and Capitalization - Total debt increased by $1.463 billion to $30.563 billion in 2025, with total debt to total capital ratio decreasing to 64%[56]. - Total capitalization increased to $47,539 million in Q3 2025 from $44,461 million in Q3 2024[63]. - Long-term debt is reported at $27,058,119,000, an increase from $23,398,852,000 as of December 31, 2024[66]. - Adjusted debt for Q3 2025 was $29,733 million, compared to $28,251 million in Q3 2024[63]. - The company executed a two-for-one forward stock split effective December 13, 2024, restating per-share information accordingly[50]. Investments and Growth Initiatives - Entergy Texas received a $200 million grant from the Texas Energy Fund for resiliency projects, supporting future growth and infrastructure improvements[4]. - Entergy Arkansas submitted applications for the approval of a 754-megawatt CCCT facility and a solar project with battery storage, indicating ongoing investment in renewable energy[4]. - The company secured an additional 4.5 gigawatts of power island equipment to support its expanding data center customer base, highlighting strategic growth initiatives[2]. - The company plans to continue focusing on operational efficiency and strategic investments to support future growth and market expansion[70]. Community and Environmental Commitment - Entergy received its 51st EEI Emergency Response Award for assistance provided after hurricanes, showcasing its commitment to community support and resilience[4]. - Entergy's overall financial strategy includes investments in cleaner energy generation and infrastructure improvements to enhance reliability and resilience[19].