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

|

Segment	Current	Prior Yr	YoY	% 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.