Entergy Corporation (ETR)

Entergy reported second quarter 2026 earnings of $483 million, or $1.03 per share, against $468 million, or $1.05 per share, a year earlier 2.

The Utility, the part that makes and delivers electricity, brought in revenue of $3,513 million in the quarter, up from $3,316 million 1.

The company named higher regulated rates, a return on construction work in progress and higher retail sales volume among the main reasons for the rise in Utility earnings 2.

Entergy affirmed its 2026 adjusted earnings per share guidance range of $4.25 to $4.45 2.

In March 2026 Entergy Louisiana signed a second electric service agreement with a Meta Platforms subsidiary, for another data center in north Louisiana 1.

That agreement depends on approvals that include the Louisiana Public Service Commission, and the larger generation request tied to it was scheduled to reach that commission by its December 2026 meeting 1.

Entergy describes itself as an integrated energy company that makes electric power and delivers it to retail customers 3.

In August 2020 and October 2020, Hurricanes Laura, Delta and Zeta caused significant damage in parts of Entergy Louisiana's service area 3.

Laura's damage was so extensive that large parts of the transmission system there needed a nearly complete rebuild 3.

To pay for the restoration in the meantime, Entergy Louisiana issued $1.1 billion of 0.62 percent mortgage bonds due November 2023 3.

Entergy also left the business of owning nuclear plants outside its regulated utilities 3.

Indian Point 2 stopped making power in April 2020 and Indian Point 3 in April 2021, and both were sold in May 2021 3.

Palisades stopped making power in May 2022 and was sold in June 2022 3.

Before 2023, the company also reported a second segment, Entergy Wholesale Commodities, built around those non-utility plants 3.

In 2024 net income attributable to Entergy was $1,056 million, pulled down by a $320 million non-cash charge to settle certain pension liabilities 3.

Regulators also took charges that year, including a $132 million write-off of a regulatory asset after an adverse decision in an Entergy Arkansas proceeding in March 2024 3.

In 2025 net income attributable to Entergy rose to $1,758 million, and the loss in the Parent and Other group narrowed from $771 million to $521 million 3.

Utility revenue rose from $11,806 million in 2024 to $12,888 million in 2025, helped by more industrial usage and higher retail electric prices 3.

On July 1, 2025 Entergy completed the sale of the Entergy New Orleans and Entergy Louisiana natural gas distribution businesses, which cut 2025 Utility revenue by $77 million 3.

In January 2026 Winter Storm Fern damaged equipment, mostly at Entergy Louisiana and Entergy Mississippi, and the cost of mobilizing crews and restoring power was approximately $450 million 1.

What Entergy sells and to whom

Entergy delivers electricity to approximately 3.1 million Utility customers in Arkansas, Louisiana, Mississippi and Texas, and its power plants have approximately 25,000 MW of generating capacity 3.

Five retail electric utility subsidiaries serve those customers: Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans and Entergy Texas 3.

Entergy Louisiana is the largest, with 1,115 thousand electric customers, or 36 percent of the total 3.

Industrial customers used 42.9 percent of the electricity sold but paid 28.2 percent of the revenue, while homes used 26.2 percent and paid 37.7 percent 3.

Major industrial customers are mostly in the petroleum refining and chemical industries 3.

Each retail utility is regulated by the FERC and a state commission, or in New Orleans the City Council, so its rates are set in public proceedings 3.

Power plants

The Utility has a diverse power generation portfolio including nuclear, hydroelectric, solar and highly efficient natural gas 3.

Its nuclear plants are Arkansas Nuclear One, owned by Entergy Arkansas, and River Bend and Waterford 3, owned by Entergy Louisiana 1.

System Energy, a wholly owned subsidiary, owns or leases 90 percent of Grand Gulf and sends its power to Entergy Arkansas, Entergy Mississippi and Entergy New Orleans 3.

The Nuclear Regulatory Commission keeps every nuclear plant the Utility owns and operates in Column 1, its normal level of inspection 3.

Data centers

Amazon Web Services is investing in data center campuses in Madison, Warren and Hinds counties in Mississippi, each served under a large customer agreement with Entergy Mississippi 1.

In Louisiana, Entergy Louisiana serves a Meta Platforms data center in the north of the state and signed a second agreement for another one in March 2026 1.

The customer must pay Entergy Louisiana's extra costs to serve it, including through advance payments and minimum monthly bills, and Meta Platforms guarantees the obligations 1.

People

Drew Marsh is Entergy's Chair and Chief Executive Officer 2.

The company had approximately 12,000 employees as of December 31, 2025 3.

Problems and open disputes

In January 2026 the Arkansas commission let Entergy Arkansas proceed with the Jefferson Power Station, a gas plant of approximately 754 MW, but found it had not proven the costs prudent 1.

In June 2026 intervenors asked the Louisiana commission to subpoena Meta Platforms for project details, and in July 2026 Meta Platforms moved to quash the subpoena 1.

The umbrella, in words

Entergy Corporation is the parent company, and it depends on cash distributions from its subsidiaries to meet its debt service and pay dividends 3.

Its subsidiaries are the five retail utilities and System Energy, which owns or leases 90 percent of Grand Gulf and supplies that power at wholesale to three of the utilities 3.

Entergy ended its small natural gas distribution businesses on July 1, 2025 and operates primarily through a single reportable segment, Utility 3.

Entergy affirmed its 2026 adjusted earnings per share guidance range of $4.25 to $4.45 in its results release of July 29, 2026 2.

Its plan for construction and other capital investment is $13,165 million in 2026, $16,845 million in 2027, $15,380 million in 2028, $11,820 million in 2029 and $9,320 million in 2030 1.

The 10-Q says the updated plan reflects added capital for potential generation projects, mainly resources named in Entergy Louisiana's March 2026 application 1.

That application asks for seven new combined cycle gas generators totaling 5,278 MW at about $12.9 billion, with in-service dates in 2030 and 2031 1.

The Louisiana commission voted to set a schedule that allows it to consider the matter at its December 2026 meeting 1.

Entergy Louisiana has also asked for approval of two 754 MW gas plants, Waterford 6 and Westlake, with expected in-service dates of July 2030 and October 2030 1.

It seeks to acquire the 1,263 MW Cottonwood gas plant in Texas for approximately $1.5 billion, and the company aims to close that purchase in January 2027, subject to approvals 1.

In July 2026 Entergy Arkansas said it expects to give regulators a cost estimate for converting White Bluff 1 to gas within 60 days, with service expected by the end of 2029 1.

A 147-mile 500 kV transmission line from Babel to Webre in Louisiana has an estimated cost of $1,238 million and an estimated in-service date of August 2029 1.

Entergy has underwritten forward sale agreements outstanding from its May 2026 offering of $2.175 billion, and the 10-Q reports a July 2026 dividend declaration of $0.64 per share 41.