10-QPeriod: Q1 FY2026

ENTERGY CORP /DE/ Quarterly Report for Q1 Ended Mar 31, 2026

Filed May 1, 2026For Securities:ETR

Summary

Entergy Corporation (ETR) reported its financial results for the quarter ended March 31, 2026. The company's consolidated net income applicable to member's equity across its various subsidiaries showed variations. Entergy Arkansas experienced a decrease in net income primarily due to higher interest expenses and lower volume/weather impacts, despite an increase in retail electric prices. Conversely, Entergy Louisiana saw a notable increase in net income driven by higher returns on construction work in progress, increased retail electric prices, improved volume/weather, and higher other income, though this was partially offset by rising interest and depreciation expenses. Major capital expenditure projects are underway across subsidiaries, with Entergy Louisiana significantly increasing its non-nuclear generation and transmission construction expenditures for projects like the Richland Parish and Waterford Power Stations. Entergy Mississippi also saw increased capital expenditures related to storm restoration from Winter Storm Fern and investments in its Traceview Advanced Power Station. Entergy Texas, however, reported a decrease in investing activities due to reduced spending on transmission and non-nuclear generation projects. The company's overall liquidity appears strong, with substantial increases in cash and cash equivalents across most subsidiaries, supported by significant financing activities including long-term debt issuances.

Key Highlights

  • 1Entergy Louisiana reported a significant increase in net income, driven by multiple factors including higher returns on construction work in progress and increased retail electric prices.
  • 2Entergy Arkansas's net income decreased due to higher interest expenses and unfavorable weather impacts, partially offset by increased retail electric prices.
  • 3Entergy Louisiana significantly increased its capital expenditures, particularly in non-nuclear generation and transmission projects, indicating substantial investment in future infrastructure.
  • 4Entergy Mississippi incurred significant capital expenditures for storm restoration related to Winter Storm Fern, alongside investments in its Traceview Advanced Power Station.
  • 5Despite increased operational costs and capital investments, most Entergy subsidiaries demonstrated healthy increases in cash and cash equivalents, bolstered by substantial financing activities.
  • 6Entergy Texas reported a decrease in investing activities due to scaled-back spending on transmission and generation projects.
  • 7The company's disclosures indicate ongoing management focus on internal controls and financial reporting procedures, with no material changes identified during the quarter.

Frequently Asked Questions

Entergy Arkansas's net income decreased primarily due to higher interest expense and lower volume/weather impacts, partially offset by higher retail electric prices. In contrast, Entergy Louisiana's net income increased significantly due to a higher return on construction work in progress, increased retail electric price, improved volume/weather conditions, and higher other income, despite rising interest and depreciation expenses.

Entergy Louisiana has significantly increased its capital expenditures, especially in non-nuclear generation and transmission projects, reflecting substantial investments in grid modernization and expansion. Entergy Mississippi has also increased capital spending, notably for storm restoration efforts following Winter Storm Fern and for its Traceview Advanced Power Station. Entergy Texas, however, has reduced its investing activities, with lower expenditures on transmission and non-nuclear generation projects.

Most Entergy subsidiaries demonstrated healthy increases in cash and cash equivalents during the quarter. This improved liquidity is supported by significant financing activities, including substantial issuances of long-term debt, across the various operating segments of the company.

The filing mentions ongoing regulatory reviews and proceedings for several subsidiaries, including rate case filings, fuel-cost recovery, and potential storm cost recovery legislation in Mississippi. Entergy Mississippi is planning to file for storm cost recovery under new legislation. Additionally, System Energy Resources, Inc. reported a preliminary 'white' finding from the NRC related to an emergency diesel generator at Grand Gulf, which is under further NRC evaluation.