Financial Performance - Entergy reported Q4 2024 earnings of 286million,or0.65 per share, down from 988million,or2.32 per share in Q4 2023[7]. - For the full year 2024, Entergy's earnings were 1,056million,or2.45 per share, compared to 2,357million,or5.55 per share in 2023[8]. - The company reported a loss of (771million),or(1.79) per share, for Parent & Other in 2024, compared to a loss of (151million),or(0.35) per share in 2023[15]. - Entergy's consolidated earnings for Q4 2024 were 286million,adecreaseof701 million compared to Q4 2023, while full-year earnings were 1,056million,down1,301 million year-over-year[41]. - The diluted earnings per share (EPS) for consolidated results in Q4 2024 was 0.65,downfrom2.32 in Q4 2023, while the full-year EPS was 2.45,adecreasefrom5.55 in 2023[41]. - Consolidated net income for Q4 2024 was 287,163,comparedto987,603 in Q4 2023, indicating a significant decrease of about 70.1%[77][78]. - Consolidated net income for 2024 was 1,061,184,adecreaseof552,362,310 in 2023, reflecting a variance of (1,301,126)[83].AdjustedEarnings−Adjustedearningsfor2024were1,577 million, or 3.65pershare,anincreasefrom1,438 million, or 3.39persharein2023[8].−AdjustedearningsfortheutilitysegmentinQ42024were426 million, an increase of 183 million from Q4 2023, and for the full year, adjusted earnings were 2,115million,up220millionfrom2023[41].−TheadjustedearningspersharefortheconsolidatedentityinQ42024was0.66, compared to 2.32inQ42023,reflectingasignificantdecrease[50].−Fullyear2024adjustedearningspersharefortheconsolidatedentitywas3.65, down from 5.55in2023,indicatingadeclineof34.21,577 million, an increase from 1,438millioninQ42023,withanadjustedROEof10.62,742,305, a slight increase from 2,724,805inQ42023,representingagrowthofapproximately0.6412,147,412 thousand, with electric revenues contributing 11,842,454thousand,andnaturalgasrevenuesat180,490 thousand[80]. Operating Expenses and Cash Flow - Total operating expenses for Q4 2024 were 2,072,690,upfrom2,468,248 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 4,488,510in2024,upby4.54,294,328 in 2023, showing a variance of 194,182[83].−Netcashflowprovidedbyoperatingactivitiesincreasedto1,379,682 thousand, up by 316,347thousandfromthepreviousyear[81].DebtandCapitalization−Totaldebtroseto29.034 billion in 2024, an increase of 2.699billionfrom2023[64].−Thecompanyexecutedatwo−for−oneforwardstockspliteffectiveDecember13,2024,impactingallperiodspresented[76].−Thecompanyhasatotalcapitalizationof44,438 million, with a total debt to total capitalization ratio of 65%[71]. - Long-term debt rose to 26,613,505,000in2024,comparedto23,008,839,000 in 2023, indicating an increase of about 15%[73][75]. - Proceeds from the issuance of long-term debt significantly increased to 7,898,968in2024,upby84.54,273,297 in 2023, with a variance of 3,625,671[83].RegulatoryandEnvironmentalInitiatives−EntergywasrecognizedintheDowJonesSustainabilityIndexforthe23rdconsecutiveyearandnamedoneofAmerica′smostresponsiblecompaniesbyNewsweek[4].−Thecompanyisfocusedonenhancingitsgridresilienceandinnovationpartnerships,aligningwithregulatoryandenvironmentalgoals[71].−Entergy′sfutureoutlookincludesexpectationsforindustrialloadgrowthandongoingclimatetransitionplans,althoughspecificnumericalguidancewasnotprovidedintherelease[34].Miscellaneous−Entergy′sestimatedweatherimpactonearningswasadecreaseof25 million for the full year 2024 compared to 2023[5]. - The company recorded a 9millionregulatoryliabilityadjustmentinQ42024relatedtotheLouisianastateincometaxratechange[54].−Thecompanyreportedapensionsettlementchargeof319,675 in 2024, which was not present in 2023, indicating a new financial obligation[83].
Entergy(ETR)2025-02-18 13:43