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Entergy Arkansas, Inc. 1M BD 4.875%66

EAI

Entergy Arkansas, Inc. 1M BD 4.875%66 • NYSE
$20.92 ▼ -0.62% (-0.13)
Market Cap $982.83 M
52w High $83.13
52w Low $20.88
Dividend Yield 1.22%
P/E 6.13
Volume 45.53K
Outstanding Shares 46.98M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.812B ▲ $1.652B ▲ $693.8M ▲ 18.2% ▲ $1.55 ▲ $1.776B ▲
Q2-2025 $3.329B ▲ $1.391B ▲ $467.93M ▲ 14.057% ▲ $1.07 ▼ $303.302M ▼
Q1-2025 $2.847B ▲ $1.128B ▼ $360.76M ▲ 12.672% ▼ $6.74 ▲ $1.324B ▼
Q4-2024 $567.19M ▼ $4.37B ▲ $344.928M ▼ 60.813% ▲ $6.45 ▼ $2.518B ▲
Q3-2024 $3.389B $643.017M $644.94M 19.03% $12.05 $1.668B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $0 ▼ $94.652M ▲ $16.662B ▲
Q2-2025 $226.988M ▲ $492.13M ▲ $49.023M ▼ $443.107M ▼
Q1-2025 $55.06M ▲ $483.113M ▼ $51.801M ▼ $4.537B ▼
Q4-2024 $4.747M ▼ $15.074B ▼ $10.61B ▲ $15.084B ▲
Q3-2024 $640.183M $15.365B $108.869M $15.033B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-122.743M ▼ $-202.126M ▼ $1.038B ▲ $-1.144B ▼ $-284.943M ▲ $-497.163M ▲
Q2-2025 $-47.222M ▼ $180.71M ▲ $-332.068M ▼ $323.286M ▲ $-353.617M ▼ $-563.304M ▼
Q1-2025 $12.099M ▼ $2.589M ▼ $-21.851M ▲ $1.411M ▲ $-17.851M ▲ $116.072M ▼
Q4-2024 $150.537M ▲ $141.925M ▲ $-480.388M ▲ $-296.973M ▼ $-635.436M ▼ $297.055M ▼
Q3-2024 $77.363M $62.47M $-530.713M $72.517M $240.244M $586.956M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Electricity US Regulated
Electricity US Regulated
 $8.29Bn ▲$2.76Bn ▼$3.27Bn ▲$3.80Bn ▲
Natural Gas US Regulated
Natural Gas US Regulated
 $40.00M ▲$70.00M ▲$40.00M ▼$0 ▼
Product and Service Other
Product and Service Other
 $50.00M ▲$20.00M ▼$10.00M ▼$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Entergy Arkansas has shown generally steady growth in profits over the past few years, with a noticeable step-up in 2024. Revenue, operating profit, and net income all moved higher, and underlying profitability looks solid for a regulated utility. The large jump in 2024 revenue and earnings is unusual compared with prior years and may reflect a change in reporting, a major one‑time effect, or a significant shift in its business structure. Overall, the income statement points to a utility that has been able to convert its regulated position and ongoing investments into rising earnings, but the sharp change in 2024 deserves extra scrutiny rather than being assumed to be a new normal.

Balance Sheet

Balance Sheet The balance sheet shows a business that has been steadily adding to its asset base as it invests in power plants, the grid, and related infrastructure. Debt has grown over time but not as fast as total assets, which suggests leverage has not become extreme given the capital‑intensive nature of utilities. The company runs with very little cash on hand, which is typical for a regulated utility that relies on ongoing cash inflows and access to financing. The sudden jump in reported equity in 2024 looks out of line with the gradual trends of prior years and likely reflects an accounting change, capital restructuring, or data anomaly. In broad terms, the balance sheet reflects a large, asset‑heavy, regulated utility with meaningful but not excessive debt and a strong dependence on stable regulation and capital markets.

Cash Flow

Cash Flow Operating cash flow has been consistently positive and generally improving, which is a good sign that the underlying utility operations generate reliable cash. However, free cash flow is negative every year because capital spending is very high. This is common for a utility in a heavy investment cycle, as it pours money into grid modernization, new generation, and renewable projects. The pattern indicates that Entergy Arkansas is funding a significant portion of its investments through external financing rather than from surplus internal cash. That increases sensitivity to interest rates, credit conditions, and regulatory approval of cost recovery, but it is also typical for a growing, regulated electric utility.

Competitive Edge

Competitive Edge Entergy Arkansas benefits from a classic regulated‑utility moat. It has an exclusive service territory, a captive customer base, and a regulatory framework that is designed to let it recover prudent costs and earn a reasonable return. Its extensive, long‑lived network of power plants, transmission lines, and distribution infrastructure would be extremely difficult and expensive for any new entrant to replicate. The company also benefits from a diverse mix of generation resources, including low‑cost nuclear and an expanding set of renewables, which helps keep rates competitive and manage environmental and fuel‑price risks. Its strong role in Arkansas’s economic development further deepens relationships with regulators, communities, and large customers. The main vulnerabilities lie in regulatory decisions, political pressures on customer bills, and exposure to extreme weather events that can strain the grid and finances.

Innovation and R&D

Innovation and R&D The company is clearly leaning into modernization and clean energy. It is rolling out advanced meters that improve outage detection and give customers more control over their usage, and it is automating parts of the grid so that power can be rerouted quickly when problems occur. Investments in solar projects with battery storage and newer panel technologies show a focus on making renewables more reliable and efficient. Specialized clean‑energy tariffs for large customers, broad energy‑efficiency programs, and targeted support for low‑income customers demonstrate an effort to tailor services to different needs while supporting the energy transition. Looking forward, the plan to expand renewables significantly, harden the grid against severe weather, and prepare for more electric vehicles suggests that a large portion of today’s heavy capital spending is aimed at long‑term resilience and decarbonization, though the pace and payoff of these initiatives will depend heavily on technology costs and regulatory support.

Summary

Entergy Arkansas appears to be a stable, regulated electric utility in the middle of a major investment and transition phase. Its income statement shows rising earnings and strong underlying profitability, though the sharp jump in 2024 figures likely reflects more than just organic growth and should be examined carefully. The balance sheet and cash flows tell the story of a capital‑intensive business: large and growing assets, meaningful but manageable debt, very little idle cash, and persistent negative free cash flow driven by heavy capital spending. Competitively, the company enjoys the protection of a regulated monopoly, deep infrastructure advantages, and a diverse generation mix that supports both reliability and cost control. At the same time, it faces the usual utility risks around regulation, affordability, weather, and financing. Its push into grid modernization, renewables, and customer‑centric programs positions it well for the long‑term energy transition, but this strategy requires sustained capital access and ongoing regulatory alignment to translate into durable financial benefits.