Fourth quarter 2024 earnings call 0 February 18, 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 regar ...

Group 1 - Entergy reported quarterly earnings of $0.66 per share, exceeding the Zacks Consensus Estimate of $0.63 per share, and showing a significant increase from $0.26 per share a year ago, resulting in an earnings surprise of 4.76% [1] - The company posted revenues of $2.74 billion for the quarter ended December 2024, which was 9.36% below the Zacks Consensus Estimate, and a slight increase from $2.72 billion year-over-year [2] - Entergy has surpassed consensus EPS estimates three times over the last four quarters, but has not beaten consensus revenue estimates during the same period [2] Group 2 - The stock has gained approximately 8.8% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The trend for estimate revisions ahead of the earnings release was favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3 - Current consensus EPS estimate for the upcoming quarter is $0.69 on revenues of $2.99 billion, and for the current fiscal year, it is $3.88 on revenues of $12.7 billion [7] - The Utility - Electric Power industry is currently ranked in the bottom 44% of over 250 Zacks industries, which may impact stock performance [8] - Southern Co., another company in the same industry, is expected to report quarterly earnings of $0.51 per share, reflecting a year-over-year decline of 20.3% [9]

Financial Performance - Entergy reported Q4 2024 earnings of $286 million, or $0.65 per share, down from $988 million, or $2.32 per share in Q4 2023[7]. - For the full year 2024, Entergy's earnings were $1,056 million, or $2.45 per share, compared to $2,357 million, or $5.55 per share in 2023[8]. - The company reported a loss of $(771 million), or $(1.79) per share, for Parent & Other in 2024, compared to a loss of $(151 million), or $(0.35) per share in 2023[15]. - Entergy's consolidated earnings for Q4 2024 were $286 million, a decrease of $701 million compared to Q4 2023, while full-year earnings were $1,056 million, down $1,301 million year-over-year[41]. - The diluted earnings per share (EPS) for consolidated results in Q4 2024 was $0.65, down from $2.32 in Q4 2023, while the full-year EPS was $2.45, a decrease from $5.55 in 2023[41]. - Consolidated net income for Q4 2024 was $287,163, compared to $987,603 in Q4 2023, indicating a significant decrease of about 70.1%[77][78]. - Consolidated net income for 2024 was $1,061,184, a decrease of 55% compared to $2,362,310 in 2023, reflecting a variance of $(1,301,126)[83]. Adjusted Earnings - Adjusted earnings for 2024 were $1,577 million, or $3.65 per share, an increase from $1,438 million, or $3.39 per share in 2023[8]. - Adjusted earnings for the utility segment in Q4 2024 were $426 million, an increase of 183 million from Q4 2023, and for the full year, adjusted earnings were $2,115 million, up 220 million from 2023[41]. - The adjusted earnings per share for the consolidated entity in Q4 2024 was $0.66, compared to $2.32 in Q4 2023, reflecting a significant decrease[50]. - Full year 2024 adjusted earnings per share for the consolidated entity was $3.65, down from $5.55 in 2023, indicating a decline of 34.2%[50]. - Adjusted earnings for Q4 2024 were $1,577 million, an increase from $1,438 million in Q4 2023, with an adjusted ROE of 10.6%[70]. Revenue and Sales - Total retail sales increased by 8.0% in Q4 2024 compared to Q4 2023, with industrial sales up 14.8% and residential sales down 0.4%[61]. - The full-year weather-adjusted retail sales increased by 3.7%, driven by an 8.1% increase in industrial volume[62]. - Total operating revenues for Q4 2024 reached $2,742,305, a slight increase from $2,724,805 in Q4 2023, representing a growth of approximately 0.64%[77][78]. - Consolidated operating revenues for Entergy Corporation reached $12,147,412 thousand, with electric revenues contributing $11,842,454 thousand, and natural gas revenues at $180,490 thousand[80]. Operating Expenses and Cash Flow - Total operating expenses for Q4 2024 were $2,072,690, up from $2,468,248 in Q4 2023, marking an increase of approximately 8.5%[77][78]. - The increase in operating cash flow was primarily due to lower fuel and purchased power payments and customer advances for construction[47]. - Net cash flow provided by operating activities increased to $4,488,510 in 2024, up by 4.5% from $4,294,328 in 2023, showing a variance of $194,182[83]. - Net cash flow provided by operating activities increased to $1,379,682 thousand, up by $316,347 thousand from the previous year[81]. Debt and Capitalization - Total debt rose to $29.034 billion in 2024, an increase of $2.699 billion from 2023[64]. - The company executed a two-for-one forward stock split effective December 13, 2024, impacting all periods presented[76]. - The company has a total capitalization of $44,438 million, with a total debt to total capitalization ratio of 65%[71]. - Long-term debt rose to $26,613,505,000 in 2024, compared to $23,008,839,000 in 2023, indicating an increase of about 15%[73][75]. - Proceeds from the issuance of long-term debt significantly increased to $7,898,968 in 2024, up by 84.5% from $4,273,297 in 2023, with a variance of $3,625,671[83]. Regulatory and Environmental Initiatives - Entergy was recognized in the Dow Jones Sustainability Index for the 23rd consecutive year and named one of America's most responsible companies by Newsweek[4]. - The company is focused on enhancing its grid resilience and innovation partnerships, aligning with regulatory and environmental goals[71]. - Entergy's future outlook includes expectations for industrial load growth and ongoing climate transition plans, although specific numerical guidance was not provided in the release[34]. Miscellaneous - Entergy's estimated weather impact on earnings was a decrease of $25 million for the full year 2024 compared to 2023[5]. - The company recorded a $9 million regulatory liability adjustment in Q4 2024 related to the Louisiana state income tax rate change[54]. - The company reported a pension settlement charge of $319,675 in 2024, which was not present in 2023, indicating a new financial obligation[83].

Results in top half of guidance range for 9th consecutive year, company raises outlooks NEW ORLEANS, Feb. 18, 2025 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) reported fourth quarter 2024 earnings per share of 65 cents on an as-reported basis and 66 cents on an adjusted (non-GAAP) basis. For the full year, the company reported 2024 earnings per share of $2.45 on an as-reported basis and $3.65 on an adjusted basis. "2024 was a transformational year for Entergy," said Drew Marsh, Entergy Chair and Chief E ...

Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Entergy (ETR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.Entergy is one of 104 companies in the Utilities group. The Utilities group currently sits at #8 within th ...

NEW ORLEANS, Feb. 12, 2025 /PRNewswire/ -- Entergy will report its fourth-quarter and full-year 2024 financial results before the market opens Tuesday, Feb. 18.Drew Marsh, chair and chief executive officer, Kimberly Fontan, executive vice president and chief financial officer, and company leaders invite you to listen to a live webcast discussion of Entergy's financial results at 9 a.m. Central time that day. The webcast may be accessed by visiting Entergy's website at investors.entergy.com or by dialing 888 ...

Fuel supply agreement strengthens reliability, lowers costs, and powers growthTHE WOODLANDS, Texas, Feb. 11, 2025 /PRNewswire/ -- Entergy Texas reached a landmark transportation agreement with Kinder Morgan to secure natural gas supply, supporting the rapid industrial, commercial and residential growth in the region. The arrangement, which was developed in collaboration with Golden Pass LNG, is part of Kinder Morgan's $1.7 billion Trident Intrastate Pipeline project. The 216-mile project will transport Perm ...

Entergy (ETR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 18, 2025, might help the stock move higher if these key numbers are better than ex ...

Company recognized by industry peers for its commitment to innovation and social responsibility, its long-term investment value and global competitivenessNEW ORLEANS, Feb. 3, 2025 /PRNewswire/ -- Fortune magazine has recognized Entergy among the top utilities on its World's Most Admired Companies list for 2025. Entergy was recognized by industry peers for its commitment to innovation and social responsibility, its long-term investment value and global competitiveness. This is the first time Entergy has been ...

NEW ORLEANS, Jan. 31, 2025 /PRNewswire/ -- Entergy's board of directors today declared a quarterly dividend payment of $0.60 per share on the company's common stock. The dividend is payable March 3, 2025, to shareholders of record as of Feb. 10, 2025.Entergy has paid shareholders a cash dividend on its common stock continuously since 1988.About EntergyEntergy (NYSE: ETR) is a Fortune 500 company that powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and ...