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EntergyETR

Legal name
Entergy Corp.
Sector
Energy
Industry
Electric Services
Exchange
NYSE

Stock Price $ETR

Latest filings

You are here#7 of 32 in Utilities by market cap

Filing record · 2016–202610-K1110-Q338-K146

ETR filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 146 current reports (8-K) between 2016 and 2026.

  1. Restructuring8-K · Jan ’17Jan ’17
  2. Leadership change8-K · May ’19May ’19
  3. Leadership change8-K · May ’21May ’21
  4. Material agreement8-K · Dec ’25Dec ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  14. $12.95B
YoY changeLargest recent move+17.2%in FY22Latest +9.0%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All ETR Financial Metrics55 metrics

Income Statement12

Balance Sheet24

Cash Flow14

Per Share5

02—Overview

Entergy Financial Overview 2021–2025

Updated Nov 3, 2026

Driven by surging electricity demand from large-scale data centers, Entergy Louisiana alone has earmarked $12.9 billiona in capital investments for the 2025-2027 period. This massive localized outlay underscores the core investment thesis for Entergy Corporation: aggressive infrastructure expansion offers a clear pathway to rate-base growth, provided the utility can successfully navigate severe weather costs and complex state mandates. To focus exclusively on this electric strategy, the company divested its natural gas distribution assets for a combined base price of $483.5 million in FY2025, streamlining operations to serve its 3 million electric customers across four southern states.

Financial results across this network have been heavily distorted by storm securitizations and rate penalties, notably including a $131.8 millionb regulatory asset write-off for Entergy Arkansas in Q1 2024. Navigating these friction points, reported earnings per share evolved from $2.77 in FY2021 down to $2.45 in FY2024, before the stock ultimately closed at $92.43 at the end of FY2025. To fund grid modernization and projects like a new $1.45 billion combined-cycle gas plant in Texas, the company has leaned heavily into capital markets. Entergy issued $1.3 billion in junior subordinated debentures in late 2025, signaling an ongoing reliance on debt and forward equity sales to finance its multi-billion-dollar clean energy transition.

Recent Developments (Q2 and Q3 2026)

Entergy’s operational momentum accelerated through Q3 2026, highlighted by a 35.5% year-over-year surge in net income to $940.3 millionc. Utility operating revenues climbed 14.6% to $4,353 million, fueled by updated formula rate plans and rising industrial demand from data centers. The company subsequently narrowed its full-year 2026 adjusted EPS guidance to a $4.35 to $4.45 range and raised its quarterly dividend by 6% to $0.68 per share. To manage leverage, Entergy settled forward equity agreements yielding over $1.5 billion in cash across Q2 2026 and Q3 2026.

Bulls will argue that commercial load growth and approvals for the $1.2 billiond Babel to Webre transmission project justify the stock trading at 28.1x earnings as of November 2, 2026. Conversely, bears caution that ongoing equity dilution and new debt—including $1.5 billion in junior subordinated debentures issued in August 2026—weigh heavily on per-share value creation.

What to watch: execution of the Google service agreement in Arkansas; trajectory of the 63.5% debt-to-capital ratio.

03—Filings

Recent SEC Filings

  1. 8-KEntergy 8-K Report, Financial Results (Nov 2, 2026)Entergy Corporation (ETR) reported its third quarter 2026 financial results, demonstrating solid operational and financial performance. The company announced earnings per share of $1.98 on both an as-reported and adjusted basis, a significant increase from the prior year's third quarter. This growth was driven primarily by higher retail sales volume, favorable regulatory actions across its operating companies, and the return on its construction work in progress for utility plant investments. The company also highlighted operational milestones, including the successful commissioning of the Orange County Advanced Power Station and regulatory approvals for key transmission projects, underscoring its commitment to grid modernization and reliability. Financially, Entergy narrowed its full-year 2026 adjusted earnings per share guidance to a range of $4.35 to $4.45, reflecting confidence in its ongoing strategy and operational execution. The company also demonstrated its commitment to shareholder returns by declaring a quarterly dividend of $0.68 per share, a six percent increase. This report indicates a company progressing well against its objectives, with a clear focus on delivering value to customers and shareholders while investing in a resilient and cleaner energy future.
  2. 8-KEntergy 8-K Report, Corporate Update (Sep 2, 2026)Entergy Corporation (ETR) has announced the settlement of its underwritten forward sale agreements entered into on March 17, 2025. The company physically settled these agreements on September 2, 2026, delivering 11,145,984 shares of its common stock. This transaction generated approximately $913 million in cash proceeds for the company and fully extinguished its obligations related to these specific forward sale agreements. Investors should note that while these 2025 agreements are now settled, Entergy still has outstanding obligations under a separate set of underwritten forward sale agreements executed on May 5, 2026. These newer agreements are tied to a $2.175 billion offering involving 19,247,788 shares of common stock. The settlement of these newer agreements is a future event that will also involve the delivery of shares and receipt of cash, impacting the company's capital structure and cash position.
  3. 8-KEntergy 8-K Report, Corporate Update (Aug 7, 2026)Entergy Corporation (ETR) announced the successful closing of a substantial debt offering on August 7, 2026, raising a total of $1.5 billion through the issuance of Junior Subordinated Debentures. This offering comprises $750 million of Series 2026A Debentures due in 2056 and $750 million of Series 2026B Debentures due in 2058. These debentures are designed to strengthen the company's financial position and provide long-term capital. Investors should note the fixed-rate periods for each series, followed by reset periods tied to the Five-Year Treasury Rate, with floor rates ensuring a minimum coupon. The Series 2026A Debentures will bear interest at 6.500% until December 15, 2036, then float with a spread of 1.877% over the Five-Year Treasury Rate, subject to the 6.500% floor. The Series 2026B Debentures offer a similar structure, with a fixed rate of 6.500% until December 15, 2033, after which they will float with a spread of 2.030% over the Five-Year Treasury Rate, also subject to the 6.500% floor. This issuance was conducted under an effective Form S-3 registration statement.
  4. 8-KEntergy 8-K Report, Financial Results (Jul 29, 2026)Entergy reported second quarter 2026 earnings of $483 million, or $1.03 per share, on both an as-reported and adjusted basis, compared with $468 million, or $1.05 per share, in the second quarter of 2025. The Utility segment earned $626 million ($1.34 per share), flat year over year on a per-share basis, while Parent & Other posted a loss of $(143) million, or $(0.31) per share, driven primarily by higher interest expense. Year-to-date, as-reported EPS was flat at $1.87, and adjusted EPS rose to $1.90 from $1.87 after excluding a $(0.03) first-quarter impairment tied to the expected sale of a non-utility interest in the Independence power plant. Management affirmed 2026 adjusted EPS guidance of $4.25 to $4.45. The quarter's operating picture was constructive. Weather-adjusted retail sales rose 5.7%, led by a 9.9% increase in industrial volume from data center, primary metals, and chlor-alkali customers. Utility operating cash flow for the quarter increased to $2.0 billion from $1.4 billion, helped by customer advance receipts and collections. Regulatory actions across several operating companies, including rate updates in Arkansas and Texas, supported revenue, and a $200 million Texas Energy Fund grant was awarded to Entergy Texas. Trailing-twelve-month adjusted ROE declined to 10.5% from 11.5%, reflecting a larger equity base following the recent common stock issuance. Balance sheet metrics show higher leverage and a larger capital program. Total debt rose to $34.7 billion from $30.5 billion a year earlier, and the company completed a $2.175 billion common stock offering with a forward component. Gross liquidity increased to $8.2 billion, and FFO to adjusted debt improved to 15.8% from 15.1%. Investors will likely focus on whether data-center-driven load growth converts into earnings, the pace of equity dilution from forward settlements, and the rising interest expense burden as the company funds its capital plan.
  5. 8-KEntergy 8-K Report, Corporate Update (Jun 23, 2026)Entergy Corporation (ETR) has announced the physical settlement of several at-the-market (ATM) and underwritten forward sale agreements. On June 22, 2026, the company delivered a total of 8,708,243 shares of common stock, raising approximately $672 million in cash proceeds. This settlement fully concludes the company's obligations under its previously disclosed ATM Forward Sale Agreements, removing any associated future share delivery or cash exchange for those specific arrangements. Furthermore, a significant portion of the underwritten forward sale agreements has also been settled. While this event generated substantial cash for Entergy, a notable quantity of shares (11,145,984) remains outstanding under these underwritten agreements, representing a potential future cash infusion of approximately $915 million if settled at the June 22, 2026 price. Investors should note that this figure does not include shares from even more recent underwritten forward sale agreements executed in May 2026, indicating ongoing capital-raising activities through equity financing instruments.
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04—See also

Related Companies

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