8-KRegulation FD

ENTERGY CORP /DE/ 8-K Report, Regulation FD Disclosure (Dec 6, 2010)

Filed December 6, 2010For Securities:ETR

Summary

Entergy Corporation (ETR) issued a Current Report on Form 8-K on December 6, 2010, to inform investors about reaffirmations of its financial guidance for 2010 and 2011. Management will be meeting with investors from December 6th to December 8th, 2010, during which these guidance ranges will be reiterated. This communication is intended to ensure consistent messaging and transparency regarding the company's financial outlook. The reaffirmed guidance provides specific earnings per share ranges for both "as-reported" and "operational" bases for 2010 and 2011. For 2010, the "as-reported" guidance is $5.95 to $6.80, and the "operational" guidance is $6.40 to $7.20. It's important to note that the 2010 "as-reported" guidance includes a special item related to a business unwind of internal organizations (Enexus and EquaGen), spin-off dis-synergies, and related expenses. For 2011, the guidance is consistent across both bases, ranging from $6.35 to $6.85 per share. Investors should pay close attention to the distinction between "as-reported" and "operational" earnings, especially for 2010, as it reflects specific, non-recurring charges.

Key Highlights

  • 1Entergy Corp (ETR) reaffirms its financial guidance for 2010 and 2011 during investor meetings held between December 6-8, 2010.
  • 22010 "as-reported" earnings per share guidance is set between $5.95 and $6.80.
  • 32010 "operational" earnings per share guidance is set between $6.40 and $7.20.
  • 42011 earnings per share guidance is projected to be between $6.35 and $6.85 on both "as-reported" and "operational" bases.
  • 5The 2010 "as-reported" guidance includes a special item related to the business unwind of Enexus and EquaGen, and associated spin-off costs.
  • 6The company cautions that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from projections.
  • 7This disclosure is made under Regulation FD and is being furnished, not filed.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce that Entergy Corporation's management will be meeting with investors and will be reaffirming the company's previously issued earnings guidance ranges for both 2010 and 2011. This ensures all stakeholders have the most current financial outlook from the company.

For 2010, the "as-reported" earnings guidance is between $5.95 and $6.80 per share, and the "operational" earnings guidance is between $6.40 and $7.20 per share. For 2011, the guidance is $6.35 to $6.85 per share on both "as-reported" and "operational" bases.

The special item impacting the 2010 "as-reported" guidance refers to a potential charge associated with the business unwind of the internal organizations created for Enexus and EquaGen. It also includes expenses related to spin-off dis-synergies and external services required to facilitate the spin-off.

Entergy Corporation refers investors to its Form 10-K for the year ended December 31, 2009, its Forms 10-Q for the quarters ended March 31, June 30, and September 30, 2010, and other filings made under the Securities Exchange Act of 1934 for a discussion of factors that could cause actual results to differ materially from forward-looking statements.