Entergy Stock Earnings Reports

Entergy reported a strong Q3 with adjusted EPS of $1.53, raised the bottom of 2025 guidance by $0.10 and narrowed the range. Weather-adjusted sales grew ~4.5% (industrial >7%) driving earnings. Management emphasized continued customer-focused growth: data-center pipeline expanded to an estimated 7–12 GW of near-term opportunities, Entergy has secured ~4.5 GW of additional power island equipment (6 units) to support customers with CODs targeted in 2031–2032, and in total has secured >19 GW of capacity (11 GW accounted for; ~8 GW available for additional growth). The company rolled forward its outlook to 2029, announcing a $41 billion capital plan for 2026–2029 with $4.4 billion of equity (within the 10–15% target range) and ~45% of 2026–2029 equity already contracted via forwards/ATMs. Entergy monetized 2024 nuclear PTCs netting >$535 million and is coordinating with regulators on timing of customer benefits. Management highlighted progress on resilience and reliability investments (Superpower Mississippi, substation/line hardening, $200M Texas grant), regulatory approvals supporting large customers (Louisiana, Arkansas, Texas), FERC/MISO ERAS usage (9 interconnection requests submitted), and supply-chain positioning (90% of materials for transmission through 2030; ~75% of critical equipment for owned solar projects). Execution risks noted include O&M increases, craft labor/EP C cost pressure, timing uncertainty for large customers (ESAs required before incorporating projects into the plan), and regulatory/permitting processes. Overall, the company frames a growth story driven by industrial and hyperscale data center demand, balanced with commitments to keep average rates below national averages and to protect existing customers through ESA structures and minimum-bill constructs.