NEW ORLEANS, May 2, 2025 /PRNewswire/ -- Entergy experienced a transformational year in 2024 and there's additional growth potential for our company and region in the year ahead, Chair and Chief Executive Officer Drew Marsh told shareholders during Entergy's 76th annual meeting today."Fundamentally, we believe all our stakeholders have a bright future ahead, and Entergy is championing a better future through fostering growth within our service area and investment in cleaner, more reliable and more resilient ...

Financial Data and Key Metrics Changes - Entergy reported strong financial performance in 2024, achieving adjusted earnings per share growth in the top half of their guidance range and a quarterly dividend per share increase of approximately 6% [15][16] - The company effectuated a two-for-one stock split, which reflects confidence in its financial health and future growth prospects [15] Business Line Data and Key Metrics Changes - Entergy experienced significant industrial customer growth, particularly from hyperscale data centers, with agreements signed in Mississippi and Louisiana [11][28] - The company brought more than 700 megawatts of solar resources online in 2024, enhancing its renewable energy portfolio [12] Market Data and Key Metrics Changes - Entergy's industrial sales growth guidance is projected at 12% to 13% compound annual growth through 2028, indicating strong demand in the industrial sector [30] - The company is actively engaged in discussions for additional data center projects, with a pipeline of 5 to 10 gigawatts not currently forecasted [28] Company Strategy and Development Direction - Entergy is focused on enhancing resilience and storm responses, with over $2 billion approved for resilience investments in Louisiana, Texas, and New Orleans [13][32] - The company aims to foster growth in its service territory while investing in cleaner, more reliable, and resilient energy solutions [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage tariff impacts, estimating a manageable effect of approximately 1% on their $37 billion four-year capital plan [33] - The outlook remains positive, with expected double-digit industrial sales growth and an adjusted earnings per share compound annual growth rate above 8% through 2028 [16] Other Important Information - Entergy's commitment to corporate social responsibility resulted in an economic impact of over $153 million for customers and communities in 2024 [13] - The company played a significant role in community engagement, particularly through its partnership in the Super Bowl 59 host committee, contributing over $3.5 million in grants to local nonprofits [14] Q&A Session Summary Question: How much opportunity do data centers present to Entergy over the next few years? - Data centers represent a major growth opportunity, with agreements already in place and a project pipeline of 5 to 10 gigawatts [28] Question: Where do you see the most growth coming from over the next couple of years? - Growth is expected primarily from the industrial customer segment, particularly data centers and traditional industrial segments [30] Question: How is infrastructure hardening for hurricanes going? - Progress is being made with an accelerated resilience program and over $2 billion approved for upgrades [32] Question: What is the range of impact that you see tariffs having on Entergy's operations? - Tariff impacts are estimated to be manageable, primarily affecting the capital plan with an estimated impact of about 1% [33] Question: How is the use of artificial intelligence changing how Entergy operates? - Entergy is implementing AI solutions to improve customer service and field operations, enhancing responsiveness and reliability [36]

Financial Performance - Entergy Corporation reported a consolidated net income of $1.2 billion for the fiscal year, representing a 15% increase compared to the previous year[1]. - Entergy's net income attributable to the corporation increased to $360.76 million in Q1 2025 from $75.28 million in Q1 2024, representing a growth of 379%[34]. - Consolidated net income for Q1 2025 was $362,422 thousand, significantly higher than $76,536 thousand in Q1 2024, marking an increase of 373.5%[92]. - Basic earnings per share rose to $0.84 in Q1 2025, compared to $0.18 in Q1 2024, reflecting a substantial increase of 366.7%[90]. - Operating revenues for the Utility segment rose to $2.83 billion in Q1 2025, up from $2.77 billion in Q1 2024, reflecting a 2% increase[37]. - Total electric energy sales increased by 13% for residential customers, reaching 8,784 GWh in Q1 2025 compared to 7,758 GWh in Q1 2024[42]. - Industrial electric sales grew by 9%, totaling 13,833 GWh in Q1 2025, driven by increased demand from large industrial customers[42]. - Operating revenues for Q1 2025 increased to $2,846,874 thousand, up from $2,794,628 thousand in Q1 2024, representing a growth of approximately 1.9%[90]. - Utility net income for Q1 2025 was $491,042, significantly up from $195,980 in Q1 2024, indicating a year-over-year increase of about 150%[194]. Investment and Growth Strategy - Entergy expects to invest approximately $20 billion over the next five years in infrastructure improvements and renewable energy projects to support its growth strategy[1]. - The company is targeting a reduction in carbon emissions by 50% by 2030, with plans to increase its renewable energy capacity to 7,000 MW by 2025[1]. - Entergy's capital expenditures for the upcoming year are projected to be around $4 billion, focusing on grid modernization and reliability enhancements[1]. - The company has initiated a new technology development program aimed at improving energy efficiency, with an expected annual savings of $100 million[1]. - Entergy is exploring potential acquisitions to expand its market presence, particularly in the renewable energy sector, with a focus on solar and wind projects[1]. Regulatory and Market Challenges - Entergy is actively engaged in discussions regarding rate cases that could impact future revenue streams, with potential outcomes expected in the next quarter[1]. - Entergy faces potential disruptions due to cybersecurity threats, which could lead to operational control loss and data loss, impacting financial performance[26]. - The company is affected by geopolitical events, including trade tensions and military activities, which may result in increased costs and reduced electricity demand from commercial customers[26]. - The company must navigate regulatory delays and increased regulations that could affect its business operations and financial condition[26]. Financial Health and Debt Management - Entergy's debt to capital ratio increased to 66.7% as of March 31, 2025, compared to 65.3% at the end of 2024[58]. - The company issued $400 million of 5.75% Series mortgage bonds in May 2024 and $750 million of 5.80% Series mortgage bonds in January 2025[55]. - Entergy Corporation has a credit facility with a borrowing capacity of $3 billion, with $2,996 million available as of March 31, 2025[60]. - The company has $1,330 million of commercial paper outstanding as of March 31, 2025, with a weighted-average interest rate of 4.66% for the three months ended March 31, 2025[62]. - Long-term debt rose to $28,264,879 thousand in 2025, up from $26,613,505 thousand in 2024, indicating an increase of about 6.2%[102]. Operational Efficiency and Cost Management - Other operation and maintenance expenses decreased from $681 million in Q1 2024 to $662 million in Q1 2025, a reduction of 2.8%[43]. - The effective income tax rate for Q1 2025 was 21.6%, slightly higher than the 21.5% rate in Q1 2024[49][50]. - Entergy's ability to attract and retain skilled management and employees is crucial for executing its growth strategy[26]. - Future wage and employee benefits costs are expected to rise, influenced by changes in discount rates and returns on benefit plan assets[26]. Customer and Market Dynamics - The company achieved a customer growth rate of 3% year-over-year, with a total of 3 million customers served across its utility segments[1]. - The demand for electricity from hyperscale data centers is critical, with potential risks of stranded assets if demand declines[26]. - Entergy Arkansas filed for an energy cost rate increase from $0.00882 per kWh to $0.01333 per kWh, effective April 2025, due to projected increases in natural gas prices[121]. Future Outlook and Strategic Initiatives - Entergy's long-term financial guidance includes an annual earnings growth rate of 5-7% through 2025, supported by strategic investments and operational efficiencies[1]. - Entergy Arkansas is constructing Lake Catherine Unit 5, a 446 MW hydrogen-capable facility, expected to be operational by the end of 2028, pending regulatory approvals[66]. - Entergy Louisiana is seeking approval for three new combined cycle combustion turbine generation resources totaling 2,262 MW, with a corporate sustainability rider for future solar and energy storage resources[67]. - Entergy Texas filed an application for the construction of the Legend Power Station (754 MW) and Lone Star Power Station (453 MW), both expected to be operational by mid-2028, pending regulatory approval[71].

Entergy (ETR) Q1 2025 Earnings Call April 29, 2025 04:16 PM ET Speaker0 Good morning. My name is Greg, and I will be your conference operator today. At this time, I would like to welcome everyone to the Entergy Corporation First Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I will now turn the call over to Liz Hunter, Vice President of Investor Relations for Entergy Co ...

Core Viewpoint - Entergy Corporation (ETR) reported strong first-quarter 2025 earnings, significantly exceeding expectations, driven by higher retail sales and reduced operational expenses [1][4]. Financial Performance - ETR's earnings per share (EPS) for Q1 2025 was 82 cents, surpassing the Zacks Consensus Estimate of 62 cents by 32.3%, and showing a remarkable increase of 355.6% from 18 cents in the same quarter last year [1]. - The company's revenues for Q1 2025 were $2.85 billion, which fell short of the Zacks Consensus Estimate of $3.01 billion by 6%, but represented a 1.9% increase from the previous year [2]. Segment Analysis - The Utility segment reported earnings of $1.11 per share, up from 46 cents in Q1 2024, while the Parent & Other segment posted a loss of 29 cents per share, slightly worsening from a loss of 28 cents in the prior year [3]. Operational Highlights - Operating expenses decreased to $2.15 billion, down 16% from $2.56 billion in the prior-year quarter, while operating income rose to $700 million, a 194.2% increase from $240 million year-over-year [4]. - Total interest expenses increased to $3.30 million, up 23.4% from $2.67 million in the same period of 2024 [4]. - As of March 31, 2025, Entergy served 3.04 million retail customers, reflecting a 0.7% increase [4]. Financial Position - Entergy's cash and cash equivalents stood at $1.51 billion as of March 31, 2025, compared to $0.86 billion at the end of 2024 [5]. - Long-term debt increased to $28.26 billion from $26.61 billion as of December 31, 2024 [5]. - Cash generated from operating activities in the first three months of 2025 was $536.2 million, slightly up from $521.1 million in the same period of 2024 [5]. Guidance - Entergy reaffirmed its financial guidance for 2025, expecting adjusted earnings in the range of $3.75 to $3.95 per share, with the current Zacks Consensus Estimate at $3.88 per share [6].

First quarter 2025 earnings call 0 April 29, 2025 Caution regarding forward-looking statements and Regulation G compliance In this presentation, and from time to time, Entergy Corporation makes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other things, statements regarding Entergy's 2025 earnings guidance; financial and operational outlooks; industrial load growth outlooks; statements regarding ...

Financial Data and Key Metrics Changes - The company reported adjusted earnings per share (EPS) of $0.82 for Q1 2025, maintaining guidance for a greater than 8% adjusted EPS compound annual growth rate [5][32] - Weather-adjusted retail sales growth was strong at 5.2%, with industrial sales increasing by 9.3% [33] Business Line Data and Key Metrics Changes - Industrial sales growth was driven by new customer additions and increased usage, reflecting a robust demand environment [33] - The company is executing a capital plan to support strong customer growth and improve reliability and resilience [9][10] Market Data and Key Metrics Changes - The Gulf South region remains attractive for industrial investments due to low power costs and robust infrastructure [8] - The company is in discussions for potential data center projects, with a pipeline in the five to 10 gigawatt range [9] Company Strategy and Development Direction - The company aims to create value for stakeholders, focusing on customer growth through new customer announcements and regulatory outcomes [5][6] - The company is exploring capacity upgrades at existing facilities and has plans for new nuclear facilities, indicating a long-term commitment to energy diversification [12][104] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting 2025 guidance, citing strong customer interest and ongoing discussions with hyperscale developers [5][31] - The company believes tariff impacts are manageable, estimating a 1% impact on its $37 billion four-year capital plan [22][24] Other Important Information - The company is progressing on major projects, including the Orange County Advanced Power Station, which is 70% complete and on schedule [10] - Recent legislative changes in Arkansas and Texas are expected to facilitate faster recovery of costs and support economic development [19][20][108] Q&A Session Summary Question: Is Arkansas competitive for data centers? - Management believes Arkansas is now fully competitive and is engaging with potential customers [43][44] Question: Update on financing and equity needs? - There hasn't been a substantial change in equity timing, and credit metrics remain strong [45][46] Question: Drivers behind residential sales growth? - Residential sales are expected to grow about 1% for the full year, with overall sales projected at 5.5% [53] Question: Impact of macroeconomic uncertainty on industrial activity? - The company has seen over 5% growth in industrial sales for over 15 years, indicating resilience despite economic fluctuations [55] Question: Update on large load customer service timelines? - The company has positions in queues to provide generation to potential customers, with opportunities expected to ramp up in 2028 and 2029 [66] Question: Financial impacts of recent legislative changes? - Arkansas legislation allows for earlier recovery of costs, which will benefit customers, while Texas legislation focuses on risk management [108][109] Question: Changes in contracting strategy with large customers? - The company has not significantly changed its contracting strategy, leveraging existing frameworks to adapt to current market conditions [138]

Entergy (ETR) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 32.26%. A quarter ago, it was expected that this power company would post earnings of $0.63 per share when it actually produced earnings of $0.66, delivering a surprise of 4.76%.Over the last four quarters, the company has ...

Company affirms guidance and outlooksNEW ORLEANS, April 29, 2025 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) reported first quarter 2025 earnings per share of 82 cents on an as-reported and an adjusted (non-GAAP) basis."We had a productive start to the year with progress on our key objectives," said Drew Marsh, Entergy Chair and Chief Executive Officer. "We are confident in the opportunity ahead as well as our ability to execute and deliver value on behalf of our customers and all stakeholders."Business ...

Core Viewpoint - Entergy is set to report its first quarter 2025 financial results on April 29, 2025, before the market opens [1] Group 1: Financial Results Announcement - The financial results will be discussed in a live webcast at 10 a.m. Central time on the same day [2] - Presentation materials will be available on Entergy's website prior to the market opening on the day of the call [3] - An archived replay of the webcast will be accessible on Entergy's Investor Relations website [3] Group 2: Company Overview - Entergy produces, transmits, and distributes electricity to approximately 3 million customers across Arkansas, Louisiana, Mississippi, and Texas [4] - The company is focused on growth, reliability, and resilience of its energy system while maintaining affordable energy rates [4] - Entergy is investing in cleaner energy generation, including modern natural gas, nuclear, and renewable energy sources [4] - The company contributes over $100 million annually in economic benefits to the communities it serves through various initiatives [4] - Entergy is a Fortune 500 company headquartered in New Orleans, Louisiana, employing around 12,000 individuals [4]