Entergy(US:ETR)2025-10-29 12:32Financial 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].