ENTERGY CORP /DE/ (ETR) Earnings History

ENTERGY CORP /DE/ - Q4 FY2025 EarningsMet

Filed at: Feb 12, 2026, 7:49 AM EST|Read from source

EXECUTIVE SUMMARY

Entergy reported solid financial results for 2025, with adjusted EPS of $3.91, positioning them in the top half of their guidance range. The company highlighted strategic growth through electric service agreements and continued regulatory approvals for key projects, underscoring a customer-first strategy aimed at creating stakeholder value.

POSITIVE HIGHLIGHTS

  • •

    Full year 2025 adjusted earnings per share of $3.91, up from $3.65 in 2024.

    positive
  • •

    Utility business reported full year 2025 earnings of $2,280 million, an increase from $2,115 million in 2024.

    positive
  • •

    Operating cash flow increased to $5,151 million in 2025 from $4,489 million in 2024.

    positive
  • •

    Site Selection magazine named Entergy a Top Utility in economic development for the 18th consecutive year.

    positive

CONCERNS & RISKS

  • •

    Fourth quarter 2025 as-reported earnings of $0.51 per share decreased from $0.65 in the prior year quarter.

    attention
  • •

    Full year 2025 as-reported earnings of $3.91 per share decreased from $2.45 in the prior year, but this is due to significant adjustments in 2024.

    attention
  • •

    Parent & Other segment reported a full year 2025 loss of $(1.16) per share, an improvement from $(1.25) in 2024 but still a significant loss.

    attention
  • •

    Higher interest expense, higher other O&M, higher depreciation expense, and higher taxes other than income taxes partially offset increases in the Utility business.

    attention

FINANCIAL METRICS

Revenue
Quarterly
N/A
N/A
Net Income
Quarterly
$236.00M
-17.5%
Prior year: $286.00M
Annual (YTD)
$1.76B
N/A
Prior year: $1.06B
EPS (Diluted)
Quarterly
$0.51
-22.7%
Prior year: $0.66
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
N/A
N/A

MARGIN ANALYSIS

Margin metrics will be available once backend extracts data from insights_json

REVENUE BY SEGMENT — Q4 FY2025 2025

VISUAL OVERVIEW

|
Utility
0.0%
N/A
Parent & Other
0.0%
N/A

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% Total
Utility
N/A———
Parent & Other
N/A———
Total Revenue$0.00M——100.0%

Segment performance shows business unit health and growth drivers.

MANAGEMENT GUIDANCE

FY2026

adjusted earnings per share
$4.25—$4.45
Mid-point: $4.35

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

SPECIAL ITEMS & ADJUSTMENTS

FY2024
E-AR write-off of a regulatory asset related to the opportunity sales proceeding
Considered an adjustment and excluded from adjusted earnings.
$132M
$0.23 per share
FY2024
E-NO regulatory charge to reflect agreement to share additional income tax benefits from IRS audit resolution
Considered an adjustment and excluded from adjusted earnings.
$79M
$0.13 per share
FY2024
E-LA expenses to reflect agreement in principle to resolve FRP extension filing and other retail matters
Considered an adjustment and excluded from adjusted earnings.
$151M
$0.26 per share
FY2024
Louisiana state income tax rate change impact on income tax expense and regulatory liability
Considered an adjustment and excluded from adjusted earnings.
$29M
FY2024
Pension settlement charge due to purchase of group annuity contract
Considered an adjustment and excluded from adjusted earnings.
$320M
$0.59 per share
FY2024
DOE spent nuclear fuel litigation settlements
Considered an adjustment and excluded from adjusted earnings.
$25M
$0.05 per share
Total Impact
$736M$-1.26 per share

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

2025 was another important year in Entergy’s transformational growth story as we continued to secure significant electric service agreements with data centers and traditional industrial customers.

— ENTERGY CORP /DE/, Q4 FY2025 2025 Earnings Call

We delivered solid financial results, and we continued to show that our customer-first strategy creates significant value for all stakeholders.

— ENTERGY CORP /DE/, Q4 FY2025 2025 Earnings Call

Entergy produces, transmits and distributes electricity to power life for 3.1 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas.

— ENTERGY CORP /DE/, Q4 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

GWh Sold Commercial Fy Current
28.5K
+0.8% YoY
Prior year: 28.3K
GWh
GWh Sold Commercial Q Current
6.5K
0.0% YoY
Prior year: 6.5K
GWh
GWh Sold Governmental Fy Current
2.4K
-1.7% YoY
Prior year: 2.5K
GWh
GWh Sold Governmental Q Current
585
-2.0% YoY
Prior year: 597
GWh
GWh Sold Industrial Fy Current
60.9K
+6.7% YoY
Prior year: 57.1K
GWh
GWh Sold Industrial Q Current
15.2K
+1.8% YoY
Prior year: 14.9K
GWh
GWh Sold Residential Fy Current
37.2K
+3.2% YoY
Prior year: 36.0K
GWh
GWh Sold Residential Q Current
7.8K
+3.5% YoY
Prior year: 7.5K
GWh
GWh Sold Total Fy Current
142.0K
+3.0% YoY
Prior year: 137.9K
GWh
GWh Sold Total Q Current
33.2K
+1.2% YoY
Prior year: 32.8K
GWh
GWh Sold Total Retail Fy Current
129.0K
+4.1% YoY
Prior year: 123.9K
GWh
GWh Sold Total Retail Q Current
30.0K
+1.8% YoY
Prior year: 29.5K
GWh
Electric Retail Customers Total Q Current
3.1M
+0.7% YoY
Prior year: 3.0M
customers
Other O&M And Nuclear Refueling Outage Exp Per MWh Fy Current
22.0
+1.2% YoY
Prior year: 21.8
$/MWh
Other O&M And Nuclear Refueling Outage Exp Per MWh Q Current
26.7
+8.6% YoY
Prior year: 24.6
$/MWh

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.