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ETR

Entergy Corporation

ETR

Entergy Corporation • NYSE
$97.52 ▲ 1.00% (+0.97)
Market Cap $43.55 B
52w High $98.58
52w Low $73.15
Dividend Yield 2.44%
P/E 24.02
Volume 928.70K
Outstanding Shares 446.56M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.812B ▲ $232.371M ▼ $698.424M ▲ 18.322% ▲ $1.55 ▲ $1.66B ▲
Q2-2025 $3.329B ▲ $724.969M ▼ $471.954M ▲ 14.178% ▲ $1.07 ▲ $1.565B ▲
Q1-2025 $2.847B ▲ $750.794M ▲ $360.76M ▲ 12.672% ▲ $0.84 ▲ $1.415B ▲
Q4-2024 $2.742B ▼ $584.903M ▼ $286.447M ▼ 10.445% ▼ $0.67 ▼ $1.319B ▼
Q3-2024 $3.389B $643.017M $645.754M 19.054% $1.51 $1.771B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.517B ▲ $69.848B ▲ $52.873B ▲ $16.881B ▲
Q2-2025 $1.176B ▼ $68.383B ▲ $52.074B ▲ $16.213B ▲
Q1-2025 $1.513B ▲ $66.62B ▲ $51.338B ▲ $15.185B ▲
Q4-2024 $859.703M ▼ $64.79B ▲ $49.605B ▲ $15.119B ▲
Q3-2024 $1.412B $64.462B $49.32B $15.033B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-646.682M ▼ $2.135B ▲ $-1.471B ▲ $-322.914M ▼ $-1.093B ▲ $207.073M ▲
Q2-2025 $467.93M ▲ $1.262B ▲ $-2.03B ▼ $431.07M ▼ $-1.349B ▼ $-787.448M ▲
Q1-2025 $362.422M ▲ $536.188M ▼ $-1.71B ▲ $1.828B ▲ $653.707M ▲ $-1.17B ▼
Q4-2024 $287.162M ▼ $1.38B ▼ $-1.847B ▼ $-84.396M ▼ $-552.109M ▼ $-573.908M ▼
Q3-2024 $645.754M $1.562B $-1.535B $29.4M $56.648M $4.628M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Commercial
Commercial
 $690.00M ▲$680.00M ▼$770.00M ▲$920.00M ▲
Governmental
Governmental
 $70.00M ▲$60.00M ▼$70.00M ▲$80.00M ▲
Industrial
Industrial
 $790.00M ▲$770.00M ▼$950.00M ▲$1.01Bn ▲
Natural Gas US Regulated
Natural Gas US Regulated
 $40.00M ▲$70.00M ▲$40.00M ▼$0 ▼
Other Electric
Other Electric
 $80.00M ▲$80.00M ▲$250.00M ▲$70.00M ▼
Product and Service Other
Product and Service Other
 $50.00M ▲$20.00M ▼$10.00M ▼$10.00M ▲
Residential
Residential
 $960.00M ▲$1.11Bn ▲$1.09Bn ▼$1.57Bn ▲
Sales for Resale
Sales for Resale
 $80.00M ▲$50.00M ▼$150.00M ▲$120.00M ▼
Electricity US Regulated
Electricity US Regulated
 $50.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Entergy’s revenue has been fairly steady over the last few years, with a small pullback after a peak in the early part of the period. Operating profits have generally trended upward, showing that the core utility business has become a bit more efficient. Net earnings, however, have been uneven, with one unusually strong year followed by a drop back toward more typical levels. Overall, the income statement reflects what you’d expect from a regulated utility: relatively stable sales, improving underlying operations, but some lumpiness in bottom-line results due to one‑off items, weather, and regulatory factors.

Balance Sheet

Balance Sheet Entergy’s asset base has grown steadily, which fits with a utility that is investing heavily in its grid and generation fleet. Debt has also climbed over time and now represents a large part of the capital structure, which is common for regulated utilities but still worth watching in a higher interest rate environment. Equity has been building as well, suggesting the company is retaining value in the business even while it takes on more borrowing. Cash on hand has swung around and remains modest relative to total assets, meaning liquidity management and access to capital markets are important ongoing considerations.

Cash Flow

Cash Flow Cash generated from day‑to‑day operations has strengthened meaningfully, a positive sign that the underlying business is solid and can support investment. At the same time, free cash flow has been consistently negative because the company is spending heavily on new infrastructure, grid upgrades, and clean energy projects. This pattern—strong operating cash flow but deeply negative free cash flow—is typical of a utility in a major build‑out phase and implies continued reliance on external financing. The key risk is execution: big projects must be completed on time and within budgets, and regulators must allow cost recovery for the cash story to remain healthy.

Competitive Edge

Competitive Edge Entergy benefits from a strong competitive position as a regulated monopoly in its service territories, with limited direct competition and relatively predictable demand. Its Gulf Coast footprint gives it access to low‑cost natural gas and a deep industrial base, which supports long‑term electricity demand and helps attract large users such as petrochemical plants and data centers. A relatively clean and diversified generation mix, including nuclear and growing renewables, is a strategic advantage as customers and regulators push for lower emissions. The flip side is exposure to storm‑prone regions, regulatory decisions, and the health of industrial activity along the Gulf Coast, all of which can affect results.

Innovation and R&D

Innovation and R&D Entergy is actively modernizing its grid and is more technology‑driven than many traditional utilities. The rollout of millions of smart meters, combined with AI tools for equipment monitoring and vegetation management, is designed to improve reliability, reduce outages, and give customers more control over their energy use. The company is also investing heavily in solar and other clean resources, along with products like backup power services, fleet electrification support, and customized solutions for large industrial customers and data centers. These efforts could deepen customer relationships and open new revenue opportunities, but they also raise execution, regulatory, and technology‑integration risks if projects run into delays or cost pressures.

Summary

Entergy looks like a mature utility that is in the middle of a major transformation and growth cycle. The core earnings profile is relatively stable, with improving operating performance but some noise in net income. The balance sheet is asset‑heavy and debt‑laden, as is typical for the sector, and the company is leaning on that structure to fund an ambitious investment plan. Strong operating cash flow supports this, but persistent negative free cash flow underscores how dependent the story is on continued access to financing and supportive regulation. Strategically, Entergy’s regulated monopoly position, attractive Gulf Coast footprint, and push into grid modernization and clean energy give it meaningful opportunities, especially tied to industrial and data center demand. The main watch points are execution on large capital projects, storm and weather risk, regulatory outcomes, and managing higher leverage in a changing interest rate and policy environment.

NEWS

November 6, 2025 · 4:05 PM UTC

Entergy Executive Vice President and General Counsel Marcus Brown announces plans to retire in 2026

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November 5, 2025 · 8:40 PM UTC

Entergy to participate in EEI Financial Conference

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November 4, 2025 · 4:15 PM UTC

Entergy Louisiana and Energy Transfer Sign Agreement That Supports Reliable, Affordable Energy and Economic Growth in North Louisiana

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November 3, 2025 · 7:55 AM UTC

Entergy elects retired Admiral Frank Caldwell to board of directors

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October 31, 2025 · 1:48 PM UTC

Entergy increases quarterly dividend payment to shareholders

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