Core Viewpoint - Entergy reported quarterly earnings of $1.05 per share, exceeding the Zacks Consensus Estimate of $0.91 per share, and showing an increase from $0.96 per share a year ago, representing an earnings surprise of +15.38% [1] Financial Performance - The company posted revenues of $3.33 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.43%, compared to $2.95 billion in the same quarter last year [2] - Over the last four quarters, Entergy has surpassed consensus EPS estimates four times, but has only topped consensus revenue estimates once [2] Stock Performance - Entergy shares have increased approximately 16.4% since the beginning of the year, outperforming the S&P 500's gain of 8.3% [3] Future Outlook - The company's earnings outlook will be crucial for determining the sustainability of its stock price movement, with current consensus EPS estimates at $1.32 for the coming quarter and $3.89 for the current fiscal year [4][7] - The Zacks Rank for Entergy is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Utility - Electric Power industry is currently in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

[News Release](index=1&type=section&id=News%20Release) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Entergy Corporation reported solid second quarter 2025 results with $1.05 earnings per share, affirming 2025 guidance and raising its 2027–2028 outlook Q2 2025 Earnings Per Share | Metric | Value (per share) | | :--- | :--- | | As-Reported EPS | $1.05 | | Adjusted EPS (non-GAAP) | $1.05 | - The company affirmed its **2025 adjusted EPS guidance** and raised its outlook for **2027–2028**[1](index=1&type=chunk)[4](index=4&type=chunk) [Business Highlights](index=1&type=section&id=Business%20Highlights) Key strategic achievements include the sale of natural gas distribution businesses, new growth in Arkansas, and regulatory approvals for investments and rate plans - Entergy New Orleans and Entergy Louisiana completed the sale of their natural gas distribution businesses on July 1[4](index=4&type=chunk) - Entergy Arkansas secured significant new growth for the state[4](index=4&type=chunk) - Entergy Texas received approval for a Distribution Cost Recovery Factor (DCRF) rider to place **$188 million** of distribution investments into rates[4](index=4&type=chunk) - The Mississippi Public Service Commission (MPSC) approved Entergy Mississippi's formula rate plan[4](index=4&type=chunk) [Consolidated Results](index=3&type=section&id=Consolidated%20Results) Consolidated earnings for Q2 2025 reached $468 million, or $1.05 per share, significantly increasing from $49 million as-reported and modestly from $411 million adjusted in Q2 2024 Consolidated Earnings (Q2 2025 vs. Q2 2024) | (After-tax) | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | **As-reported earnings ($ million)** | $468 | $49 | $419 | | **Adjusted earnings ($ million, non-GAAP)** | $468 | $411 | $57 | | **As-reported EPS ($)** | $1.05 | $0.11 | $0.94 | | **Adjusted EPS ($, non-GAAP)** | $1.05 | $0.96 | $0.09 | [Utility Segment Results](index=3&type=section&id=Utility%20Segment%20Results) The Utility business reported Q2 2025 earnings of $599 million, or $1.34 per share, driven by regulatory actions and higher retail sales, partially offset by increased expenses Utility Segment Earnings (Q2 2025 vs. Q2 2024) | (After-tax) | Q2 2025 | Q2 2024 (Adjusted) | | :--- | :--- | :--- | | **Earnings ($ million)** | $599 | $553 | | **EPS ($)** | $1.34 | $1.29 | - Key drivers for the quarterly increase included the net effect of regulatory actions, higher retail sales volume, and higher other income[12](index=12&type=chunk) - Growth was partially offset by higher O&M, depreciation, interest expense, and unrecovered MISO capacity costs at Entergy Texas[12](index=12&type=chunk) [Parent & Other Segment Results](index=5&type=section&id=Parent%20%26%20Other%20Segment%20Results) The Parent & Other segment reported a Q2 2025 loss of $131 million, or $(0.29) per share, with as-reported results significantly impacted by a prior-year pension settlement charge Parent & Other Segment Loss (Q2 2025 vs. Q2 2024) | (After-tax) | Q2 2025 | Q2 2024 (Adjusted) | | :--- | :--- | :--- | | **Loss ($ million)** | $(131) | $(142) | | **Loss per share ($)** | $(0.29) | $(0.33) | - The as-reported change from Q2 2024 was significantly impacted by a **$(317) million** pre-tax pension settlement charge in the prior year, which was excluded from adjusted earnings[18](index=18&type=chunk) [Earnings Guidance](index=5&type=section&id=Earnings%20Guidance) Entergy affirmed its full-year 2025 adjusted earnings per share guidance range of $3.75 to $3.95 - 2025 affirmed adjusted EPS guidance range: **$3.75 to $3.95**[20](index=20&type=chunk) [Appendices and Financial Statements](index=9&type=section&id=Appendices%20and%20Financial%20Statements) [Appendix A: Consolidated Results and Adjustments](index=10&type=section&id=Appendix%20A%3A%20Consolidated%20Results%20and%20Adjustments) This appendix reconciles GAAP to non-GAAP earnings, details 2024 adjustments, and presents consolidated operating cash flow Consolidated Operating Cash Flow (YTD) | ($ in millions) | YTD 2025 | YTD 2024 | Change | | :--- | :--- | :--- | :--- | | **Utility** | 1,937 | 1,626 | 311 | | **Parent & Other** | (139) | (79) | (60) | | **Consolidated** | 1,798 | 1,546 | 251 | - Q2 2025 operating cash flow increased primarily due to higher Utility customer receipts and advance payments, partially offset by higher fuel and purchased power payments[48](index=48&type=chunk) - Adjustments in 2024, which are excluded from non-GAAP earnings, included a **$(317) million** pre-tax charge for a pension lift-out and various charges related to regulatory agreements with Entergy Louisiana and Entergy Arkansas[45](index=45&type=chunk) [Appendix B: Earnings Variance Analysis](index=13&type=section&id=Appendix%20B%3A%20Earnings%20Variance%20Analysis) This section details the drivers of Q2 2024 to Q2 2025 EPS changes, highlighting operating revenue as a positive driver and interest expense and share dilution as negative factors Q2 2025 vs. Q2 2024 Adjusted EPS Variance Drivers | Driver | Consolidated EPS Impact ($) | | :--- | :--- | | 2024 Adjusted EPS | **0.96** | | Operating revenue (net) | +0.23 | | Other O&M | (0.04) | | Other income (deductions) | +0.05 | | Interest expense | (0.06) | | Share effect | (0.04) | | Other | (0.05) | | 2025 Adjusted EPS | **1.05** | - The increase in Utility operating revenue was driven by higher electric volume (including weather) and the effect of various rate actions across operating companies[52](index=52&type=chunk) - The negative share effect was primarily due to the settlement of equity forwards in May 2025 and the dilutive effect of unsettled forwards from a higher stock price[54](index=54&type=chunk) [Appendix C: Utility Operating and Financial Measures](index=18&type=section&id=Appendix%20C%3A%20Utility%20Operating%20and%20Financial%20Measures) This appendix presents key Utility segment operating metrics, showing a 3.2% increase in total retail electricity sales, or 4.5% weather-adjusted, driven by industrial growth GWh Sold by Customer Class (Q2 2025 vs. Q2 2024) | Customer Class | % Change (Actual) | % Change (Weather Adj.) | | :--- | :--- | :--- | | Residential | (6.9)% | (4.3)% | | Commercial | 0.4% | 1.8% | | Industrial | 11.8% | 11.8% | | **Total Retail** | **3.2%** | **4.5%** | - The increase in weather-adjusted retail sales was primarily driven by higher industrial usage, particularly in the primary metals, chlor-alkali, and technology industries[57](index=57&type=chunk) [Appendix D: Consolidated Financial Measures](index=19&type=section&id=Appendix%20D%3A%20Consolidated%20Financial%20Measures) This appendix provides key GAAP and non-GAAP financial measures, including improved adjusted ROE to 11.5% and FFO to adjusted debt ratio of 15.1% as of June 30, 2025 Key Financial Measures (as of June 30) | Metric | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | As-reported ROE | 11.4% | 12.8% | (1.4)% | | Adjusted ROE (non-GAAP) | 11.5% | 10.4% | 1.1% | | FFO to adjusted debt (non-GAAP) | 15.1% | 14.0% | 1.1% | | Gross liquidity ($ million, non-GAAP) | 5,521 | 5,700 | (179) | | Net liquidity ($ million, non-GAAP) | 7,631 | 5,915 | 1,716 | [Appendix E: Definitions and Abbreviations](index=20&type=section&id=Appendix%20E%3A%20Definitions%20and%20Abbreviations) This appendix serves as a glossary, defining key operating measures, GAAP and non-GAAP financial terms, and abbreviations used in the earnings materials [Appendix F: Other GAAP to non-GAAP Reconciliations](index=22&type=section&id=Appendix%20F%3A%20Other%20GAAP%20to%20non-GAAP%20Reconciliations) This section provides detailed quantitative reconciliations for various non-GAAP financial measures, including Return on Equity and Funds from Operations to adjusted debt Return on Equity (ROE) Reconciliation (LTM) | ($ in millions) | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | As-reported net income | 1,760 | 1,779 | | Adjustments | (5) | 333 | | **Adjusted earnings (non-GAAP)** | **1,765** | **1,446** | | Average common equity | 15,390 | 13,902 | | **As-reported ROE** | **11.4%** | **12.8%** | | **Adjusted ROE (non-GAAP)** | **11.5%** | **10.4%** | [Financial Statements](index=25&type=section&id=Financial%20Statements) This section contains Entergy Corporation's unaudited consolidating financial statements, including the Balance Sheet, Income Statement, and Cash Flow Statement, for periods ended June 30, 2025 [Consolidating Balance Sheet](index=25&type=section&id=Consolidating%20Balance%20Sheet) As of June 30, 2025, the balance sheet shows total consolidated assets of $68.4 billion and total shareholders' equity of $16.2 billion, primarily driven by increased Property, Plant, and Equipment Consolidated Balance Sheet Summary | ($ in thousands) | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Total Current Assets | 5,189,450 | 4,396,237 | | Property, Plant, and Equipment - Net | 50,005,604 | 47,422,950 | | **Total Assets** | **68,383,140** | **64,790,032** | | Total Current Liabilities | 6,512,873 | 6,111,037 | | Total Non-Current Liabilities | 45,341,917 | 43,274,601 | | **Total Shareholders' Equity** | **16,213,000** | **15,083,908** | | **Total Liabilities and Equity** | **68,383,140** | **64,790,032** | [Consolidating Income Statement](index=29&type=section&id=Consolidating%20Income%20Statement) For the three months ended June 30, 2025, Entergy reported consolidated operating revenues of $3.33 billion and net income of $468 million, a substantial increase from the prior year due to higher operating income Consolidated Income Statement Summary (Three Months Ended June 30) | ($ in thousands) | 2025 | 2024 | | :--- | :--- | | Operating Revenues | 3,328,849 | 2,953,620 | | Operating Income | 837,425 | 617,630 | | Income Before Income Taxes | 610,353 | 85,366 | | **Net Income Attributable to Entergy** | **467,930** | **48,922** | [Consolidated Cash Flow Statement](index=35&type=section&id=Consolidated%20Cash%20Flow%20Statement) For the six months ended June 30, 2025, net cash from operating activities was $1.80 billion, with $3.74 billion used in investing and $2.26 billion provided by financing, resulting in a $316 million net cash increase Consolidated Cash Flow Summary (Six Months Ended June 30) | ($ in thousands) | 2025 | 2024 | | :--- | :--- | | Net cash flow from operating activities | 1,797,790 | 1,546,456 | | Net cash flow used in investing activities | (3,740,829) | (2,466,491) | | Net cash flow from financing activities | 2,258,967 | 2,142,651 | | **Net increase in cash and cash equivalents** | **315,928** | **1,222,616** |

Core Viewpoint - Entergy Corporation reported strong second quarter 2025 earnings, affirming its guidance and raising outlooks for 2027-2028, indicating confidence in future growth and operational performance [1][9]. Financial Performance - The company reported second quarter 2025 earnings of $468 million, or $1.05 per share, compared to $49 million, or $0.11 per share in the same quarter of 2024, reflecting a significant increase [3][29]. - Adjusted earnings for the second quarter 2025 were $468 million, or $1.05 per share, up from $411 million, or $0.96 per share in the second quarter of 2024, marking a $57 million increase [2][3]. - Year-to-date earnings for 2025 reached $829 million, or $1.87 per share, compared to $124 million, or $0.29 per share in 2024, showing a substantial improvement [2][3]. Business Segments - The Utility business segment reported earnings of $599 million, or $1.34 per share, for the second quarter 2025, compared to $441 million, or $1.03 per share in the same quarter of 2024 [5][27]. - The Parent & Other segment reported a loss of $(131) million, or $(0.29) per share, for the second quarter 2025, an improvement from a loss of $(392) million, or $(0.91) per share in the second quarter of 2024 [10][27]. Operational Highlights - Entergy's capital plan was updated, and the company completed the sale of its natural gas distribution businesses in New Orleans and Louisiana [9]. - Entergy Texas received approval for $188 million in distribution investments, and Entergy Louisiana reached a settlement to support a new large customer [9]. - The company celebrated the 40th anniversary of its Waterford 3 and Grand Gulf nuclear plants, emphasizing its commitment to clean energy [9]. Customer and Sales Metrics - Total retail sales increased by 3.2% in the second quarter 2025, driven by a significant rise in industrial usage, particularly in primary metals and technology sectors [41][42]. - Residential sales, however, declined by 6.9%, indicating a mixed performance across customer segments [41][42]. Future Outlook - Entergy affirmed its 2025 adjusted earnings per share guidance range of $3.75 to $3.95, reflecting confidence in continued operational success [12][13].

Market Overview - Wall Street has experienced a rally, with the S&P 500 and Nasdaq reaching multiple record highs due to positive trade negotiations and a strong earnings season [1] - Despite the rally, concerns about the economy persist, particularly regarding high inflation and the Federal Reserve's stance on interest rates [2][8] Federal Reserve Insights - The Federal Reserve is expected to maintain interest rates in the range of 4.25-4.5% during the upcoming FOMC meeting, with no cuts anticipated [5][8] - Retail sales increased by 0.6% in June, indicating resilient consumer spending despite inflationary pressures [5] - The Consumer Price Index (CPI) rose by 0.3% in June, influenced by higher consumer goods prices due to tariffs [6] Investment Recommendations - It is advisable to invest in low-beta defensive stocks from the utility and consumer staples sectors, which include Entergy Corporation, Fortis, Inc., Northwest Natural Holding Company, and Ingredion Incorporated [3][4] - These stocks are characterized by high dividend yields and favorable Zacks Ranks, making them appealing amid inflation and interest rate uncertainties [11] Company Profiles Entergy Corporation - Engaged in electric power production and retail distribution, with a generating capacity of 30,000 MW, including over 8,000 MW of nuclear capacity [9] - Expected earnings growth rate of 6.6% for the current year, with a Zacks Rank of 2 and a dividend yield of 2.72% [10] Fortis, Inc. - Operates in the electric and gas utility sector, primarily in Canada and the Caribbean [12] - Expected earnings growth rate of 4.2% for the current year, with a Zacks Rank of 2 and a dividend yield of 3.63% [12] Northwest Natural Holding Company - Focuses on natural gas distribution systems and pipeline projects, serving residential, commercial, and industrial customers [13] - Expected earnings growth rate of 23.6% for the current year, with a Zacks Rank of 2 and a dividend yield of 4.80% [14] Ingredion Incorporated - Provides ingredient solutions, specializing in nature-based sweeteners and starches for various industries [15] - Expected earnings growth rate of 6.8% for the current year, with a Zacks Rank of 2 and a dividend yield of 2.40% [16]

NEW ORLEANS, July 28, 2025 /PRNewswire/ -- The board of directors for Entergy Corporation today announced the election of R. Lewis Ropp as an independent director, effective Aug.15. Ropp brings to Entergy's board a deep understanding of finance, capital markets, investor relations and regulatory compliance. "We strive to have a mix of directors with skills and experience that align with Entergy's long-term strategy," said Drew Marsh, Entergy chair and CEO. "Lewis has extensive experience in both the finance ...

The upcoming report from Entergy (ETR) is expected to reveal quarterly earnings of $0.85 per share, indicating a decline of 11.5% compared to the year-ago period. Analysts forecast revenues of $3.13 billion, representing an increase of 6% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 1.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.P ...

Core Viewpoint - The market anticipates Entergy (ETR) will report a year-over-year decline in earnings despite an increase in revenues for the quarter ended June 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Entergy is expected to post quarterly earnings of $0.85 per share, reflecting an 11.5% decrease year-over-year, while revenues are projected to reach $3.13 billion, marking a 6% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.04% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +7.06% for Entergy, suggesting analysts have recently become more optimistic about the company's earnings prospects [12]. Historical Performance - Entergy has consistently beaten consensus EPS estimates, achieving a surprise of +32.26% in the last reported quarter and surpassing estimates in all of the last four quarters [13][14]. Investment Considerations - While Entergy appears to be a strong candidate for an earnings beat, investors should consider other factors that may influence stock performance beyond earnings results [15][17].

NEW ORLEANS, July 23, 2025 /PRNewswire/ -- Entergy will report its second quarter 2025 financial results before the market opens Wednesday, July 30.Drew Marsh, chair and chief executive officer, and Kimberly Fontan, executive vice president and chief financial officer, invite you to listen to a live webcast discussion of Entergy's quarterly business update and financial results at 10 a.m. Central time that day. The webcast may be accessed by visiting Entergy's website at investors.entergy.com or by dialing ...

Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Has ENGIE - Sponsored ADR (ENGIY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.ENGIE - Sponsored ADR is a member of our Utilities group, which includes 109 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 1 ...

Core Insights - Entergy has successfully completed the sale of its natural gas distribution business to Delta Utilities, allowing the company to focus on its growing electric utility operations [1][3] - The transaction includes approximately 3,700 miles of natural gas pipelines and 2,200 miles of service lines, serving around 204,000 homes and businesses in Baton Rouge and New Orleans [2] - The sale received all necessary regulatory approvals, indicating a smooth transition process for gas customers [3] Company Focus - The sale enables Entergy to sharpen its focus on electric operations and invest in a more resilient energy future [3] - Entergy Louisiana and Entergy New Orleans provide electric service to over 1.1 million and 209,000 customers respectively, highlighting the company's significant presence in the region [5] - Entergy is committed to investing in cleaner energy generation, including modern natural gas, nuclear, and renewable energy sources [5]