Company Performance - Entergy reported quarterly earnings of $2.99 per share, exceeding the Zacks Consensus Estimate of $2.91 per share, but down from $3.27 per share a year ago, representing an earnings surprise of 2.75% [1] - The company posted revenues of $3.39 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.02%, and down from $3.6 billion year-over-year [2] - Over the last four quarters, Entergy has surpassed consensus EPS estimates two times, but has not beaten consensus revenue estimates [2] Stock Performance - Entergy shares have increased approximately 32.8% since the beginning of the year, outperforming the S&P 500's gain of 21.9% [3] - The current Zacks Rank for Entergy is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.33 on $3 billion in revenues, and $7.21 on $12.2 billion in revenues for the current fiscal year [7] - The outlook for the Utility - Electric Power industry is currently in the top 39% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]

[Earnings Release Summary](index=1&type=section&id=Earnings%20Release%20Summary) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) The company reported Q3 2024 adjusted EPS of $2.99, a decrease from the prior year primarily due to unfavorable weather impacts **Q3 & YTD 2024 Earnings Summary** | Metric | Q3 2024 | Q3 2023 | Change | YTD 2024 | YTD 2023 | Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **As-Reported EPS** | $2.99 | $3.14 | ($0.15) | $3.58 | $6.45 | ($2.87) | | **Adjusted EPS (Non-GAAP)** | $2.99 | $3.27 | ($0.28) | $5.99 | $6.25 | ($0.26) | | **As-Reported Earnings ($M)** | $645 | $667 | ($22) | $769 | $1,369 | ($600) | | **Adjusted Earnings ($M, Non-GAAP)** | $645 | $694 | ($49) | $1,286 | $1,327 | ($41) | [Business Highlights & Strategic Developments](index=1&type=section&id=Business%20Highlights%20%26%20Strategic%20Developments) The company is advancing its growth strategy through new generation projects, infrastructure investments, and key shareholder actions - The company is pursuing significant new investments, including a new natural gas power station in Mississippi and 3 gigawatts of solar resources in Louisiana[2](index=2&type=chunk) - Progress in renewable energy includes placing the 100-megawatt Walnut Bend Solar facility in service and closing on the West Memphis Solar and Driver Solar projects[2](index=2&type=chunk) - The Board of Directors approved a **6% increase** in the quarterly dividend to $1.20 per share and a **two-for-one stock split**, effective with trading starting December 13, 2024[2](index=2&type=chunk) [Business Segment Performance](index=2&type=section&id=Business%20Segment%20Performance) Utility segment earnings declined due to weather and higher costs, while the Parent & Other segment reported a larger adjusted loss [Utility Segment](index=2&type=section&id=Utility%20Segment) The Utility segment's adjusted earnings decreased to $787 million, driven by negative weather impacts and higher expenses **Utility Segment Q3 Earnings** | Metric | Q3 2024 | Q3 2023 | Change | | :--- | :--- | :--- | :--- | | **As-Reported Earnings ($M)** | $787 | $752 | $35 | | **Adjusted Earnings ($M, Non-GAAP)** | $787 | $810 | ($24) | | **As-Reported EPS** | $3.65 | $3.54 | $0.11 | | **Adjusted EPS (Non-GAAP)** | $3.65 | $3.82 | ($0.17) | - Key drivers for the change in earnings included positive effects from regulatory actions and lower O&M, which were more than offset by negative impacts from weather, higher depreciation expense, and higher interest expense[9](index=9&type=chunk) [Parent & Other Segment](index=3&type=section&id=Parent%20%26%20Other%20Segment) The Parent & Other segment's adjusted loss widened to $(142) million due to lower pension income and higher interest expense **Parent & Other Segment Q3 Loss** | Metric | Q3 2024 | Q3 2023 | Change | | :--- | :--- | :--- | :--- | | **As-Reported Loss ($M)** | $(142) | $(85) | $(57) | | **Adjusted Loss ($M, Non-GAAP)** | $(142) | $(117) | $(25) | | **As-Reported EPS** | $(0.66) | $(0.40) | $(0.26) | | **Adjusted EPS (Non-GAAP)** | $(0.66) | $(0.55) | $(0.11) | - Drivers for the increased loss included lower non-service pension income, changes in legal provisions, and higher interest expense[13](index=13&type=chunk) [2024 Guidance and Outlook](index=3&type=section&id=2024%20Guidance%20and%20Outlook) The company narrowed its 2024 adjusted EPS guidance and announced a two-for-one forward stock split - The company narrowed its 2024 adjusted EPS guidance to a range of **$7.15 to $7.35** (pre-split)[16](index=16&type=chunk) - A **two-for-one forward stock split** was announced, with a record date of December 5, 2024, and distribution on December 12, 2024[15](index=15&type=chunk) [Financial Appendices](index=7&type=section&id=Financial%20Appendices) [Appendix A: Consolidated Results and Adjustments](index=8&type=section&id=Appendix%20A%3A%20Consolidated%20Results%20and%20Adjustments) This appendix reconciles GAAP to non-GAAP earnings and shows an increase in consolidated operating cash flow to $1.56 billion **Q3 2024 GAAP to Non-GAAP Reconciliation ($M)** | Segment | As-Reported Earnings | Adjustments | Adjusted Earnings (Non-GAAP) | | :--- | :--- | :--- | :--- | | **Utility** | $787 | $0 | $787 | | **Parent & Other** | $(142) | $0 | $(142) | | **Consolidated** | $645 | $0 | $645 | **Q3 Operating Cash Flow ($M)** | Segment | Q3 2024 | Q3 2023 | Change | | :--- | :--- | :--- | :--- | | **Utility** | $1,600 | $1,387 | $213 | | **Parent & Other** | $(37) | $18 | $(55) | | **Consolidated** | $1,562 | $1,405 | $157 | [Appendix B: Earnings Variance Analysis](index=12&type=section&id=Appendix%20B%3A%20Earnings%20Variance%20Analysis) This section details the drivers of the $0.28 decrease in adjusted consolidated EPS from Q3 2023 to Q3 2024 - The change in Q3 adjusted consolidated EPS from $3.27 in 2023 to $2.99 in 2024 was a **decrease of $0.28**[42](index=42&type=chunk) - Key negative drivers for the quarterly EPS variance included electric volume/weather **(-$0.41)**, higher depreciation **(-$0.21)**, and higher interest expense **(-$0.14)**[42](index=42&type=chunk)[46](index=46&type=chunk) - Partially offsetting factors included favorable retail electric prices **(+$0.32)** and lower Other O&M **(+$0.10)**[42](index=42&type=chunk)[46](index=46&type=chunk) [Appendix C: Utility Operating and Financial Measures](index=17&type=section&id=Appendix%20C%3A%20Utility%20Operating%20and%20Financial%20Measures) This appendix shows flat total retail sales, but a 5.0% weather-adjusted increase driven by strong industrial demand **Q3 GWh Sold by Customer Class** | Customer Class | Q3 2024 (GWh) | Q3 2023 (GWh) | % Change | % Weather Adjusted Change | | :--- | :--- | :--- | :--- | :--- | | **Residential** | 11,519 | 12,661 | (9.0)% | 1.3% | | **Commercial** | 8,394 | 8,648 | (2.9)% | 2.0% | | **Industrial** | 15,150 | 13,781 | 9.9% | 9.9% | | **Total Retail** | 35,747 | 35,790 | (0.1)% | 5.0% | - The strong **9.9% increase** in industrial sales was mainly due to higher sales to large industrial customers, particularly in the petroleum refining industry[50](index=50&type=chunk) [Appendix D: Consolidated Financial Measures](index=18&type=section&id=Appendix%20D%3A%20Consolidated%20Financial%20Measures) This section presents key financial ratios indicating an improved credit profile, with FFO to adjusted debt increasing to 13.5% **Key Financial Measures (as of Sept 30)** | Metric | 2024 | 2023 | Change | | :--- | :--- | :--- | :--- | | **As-reported ROE (LTM)** | 12.2% | 11.4% | 0.8% | | **Adjusted ROE (LTM, Non-GAAP)** | 9.7% | 11.1% | (1.4)% | | **Adjusted debt to adjusted capitalization** | 64% | 66% | (2)% | | **FFO to adjusted debt (LTM)** | 13.5% | 12.4% | 1.1% | | **Gross liquidity ($M)** | $5,757 | $5,865 | ($108) | [Appendix E: Definitions and Abbreviations](index=19&type=section&id=Appendix%20E%3A%20Definitions%20and%20Abbreviations) This appendix provides definitions for key financial measures and a list of abbreviations used in the report - This section defines key non-GAAP terms used for performance evaluation, such as Adjusted EPS, Adjusted ROE, and FFO to adjusted debt[55](index=55&type=chunk) - A comprehensive list of abbreviations is provided, including company-specific terms like E-LA (Entergy Louisiana) and FRP (Formula Rate Plan), and industry terms like MISO and FERC[57](index=57&type=chunk) [Appendix F: Other GAAP to non-GAAP Reconciliations](index=21&type=section&id=Appendix%20F%3A%20Other%20GAAP%20to%20non-GAAP%20Reconciliations) This appendix provides detailed reconciliations for key non-GAAP metrics including ROE, FFO to debt, and liquidity ratios - Reconciles Last Twelve Months (LTM) As-reported net income of $1,757 million to Adjusted earnings of $1,397 million, resulting in an **Adjusted ROE of 9.7%**[60](index=60&type=chunk) - Details the calculation of FFO to adjusted debt, starting with total debt of $29.1 billion and adjusting it to $28.3 billion to derive the **13.5% ratio**[61](index=61&type=chunk) - Provides a breakdown of liquidity, showing **Gross Liquidity of $5.8 billion** and Net Liquidity of $6.4 billion as of September 30, 2024[62](index=62&type=chunk) [Financial Statements](index=24&type=section&id=Financial%20Statements) [Consolidating Balance Sheets](index=24&type=section&id=Consolidating%20Balance%20Sheets) Total assets grew to $64.5 billion as of September 30, 2024, with total shareholders' equity at $15.0 billion **Consolidated Balance Sheet Summary ($ thousands)** | Account | Sept 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | **Total Current Assets** | $5,217,806 | $3,660,869 | | **Total Assets** | $64,462,049 | $59,703,396 | | **Total Current Liabilities** | $5,859,246 | $6,396,492 | | **Total Liabilities** | $49,100,928 | $44,740,880 | | **Total Shareholders' Equity** | $15,032,842 | $14,622,647 | [Consolidating Income Statements](index=28&type=section&id=Consolidating%20Income%20Statements) Q3 2024 operating revenues were $3.39 billion, with net income attributable to the corporation at $645 million **Q3 Income Statement Summary ($ thousands)** | Account | Q3 2024 | Q3 2023 | | :--- | :--- | :--- | | **Total Operating Revenues** | $3,389,100 | $3,595,522 | | **Operating Income** | $1,125,862 | $1,143,383 | | **Net Income Attributable to ETR** | $644,940 | $666,755 | [Consolidated Cash Flow Statements](index=36&type=section&id=Consolidated%20Cash%20Flow%20Statements) Year-to-date net cash from operations was $3.11 billion, with increased cash used in investing and provided by financing **YTD Cash Flow Summary ($ thousands)** | Cash Flow Category | Nine Months Ended Sept 30, 2024 | Nine Months Ended Sept 30, 2023 | | :--- | :--- | :--- | | **Net Cash from Operating Activities** | $3,108,828 | $3,230,993 | | **Net Cash used in Investing Activities** | $(4,001,615) | $(3,579,062) | | **Net Cash from Financing Activities** | $2,172,051 | $1,643,679 | | **Net Increase in Cash** | $1,279,264 | $1,295,610 |

Company narrows guidance range and updates longer-term outlooks NEW ORLEANS, Oct. 31, 2024 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) reported third quarter 2024 earnings per share of $2.99 on both an as-reported and an adjusted (non-GAAP) basis. "We achieved outstanding results across operational, regulatory, resilience, and growth dimensions," said Drew Marsh, Entergy Chair and Chief Executive Officer. "These outcomes are the result of strong execution and leveraging a stakeholder engagement model th ...

Entergy Corporation (ETR) announced that its board of directors has approved a 6.2% increase in the quarterly dividend rate. The revised quarterly dividend will be $1.20 per share, payable on Dec. 2, 2024, to shareholders of record at the close of the business on Nov. 13, 2024. Since 1988, Entergy has consistently paid cash dividends to shareholders on its common shares.ETR’s new annualized dividend rate is $4.80. The company’s current dividend yield is 3.52%, based on its share price worth $136.32 as of Oc ...

Core Points - Entergy's board of directors declared a quarterly dividend payment of $1.20 per share, an increase of $0.07 per share [1] - The dividend is payable on December 2, 2024, to shareholders of record as of November 13, 2024 [1] - Entergy has consistently paid cash dividends on its common stock since 1988 [1] Company Overview - Entergy is a Fortune 500 company serving 3 million customers across Arkansas, Louisiana, Mississippi, and Texas [1] - The company is focused on investing in the reliability and resilience of the energy system while transitioning to cleaner energy solutions [1] - Entergy has contributed over $100 million annually in economic benefits to local communities since 2018 through philanthropy, volunteerism, and advocacy [1] - The company is headquartered in New Orleans, Louisiana, and employs approximately 12,000 people [1]

Entergy (ETR) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 31. On ...

NEW ORLEANS, Oct. 24, 2024 /PRNewswire/ -- Entergy will report its third-quarter 2024 financial results before the market opens Thursday, Oct. 31.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, co ...

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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 ...