10-K · February 19, 2026
Entergy describes itself as primarily a single-reportable-segment regulated Utility focused on serving load growth (including large-scale data centers) while pursuing a net-zero carbon goal by 2050. Recent operating…
Earnings analysis · 10-Q
ETR earnings analysis
Filed May 1, 2026 · Our reading of the company's report
The latest report
Entergy Corporation reported strong Q1 results for 2026, surpassing revenue expectations with actual revenue of $3.188 billion, compared to estimated revenue of $2.933 billion. The company achieved earnings per share…
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Entergy Corporation reported strong Q1 results for 2026, surpassing revenue expectations with actual revenue of $3.188 billion, compared to estimated revenue of $2.933 billion. The company achieved earnings per share (EPS) of $0.86, slightly above consensus estimates of $0.85, marking a year-over-year EPS growth from $0.82. Operatings expenses increased, while operating income showed positive resilience, indicating a healthy quarterly performance amid challenging macro conditions.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.86
- Segment
- Entergy Arkansas
- Segment
- Entergy Louisiana
- Segment
- Entergy Mississippi
- Segment
- Entergy New Orleans
- Segment
- Entergy Texas
What stood out
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Revenue Surpass Estimates
Actual revenue of $3.188 billion exceeded estimated revenue of $2.933 billion by approximately 8.7%.
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EPS Beat Consensus
Reported EPS of $0.86 beats estimates of $0.85, reflecting a slight increase from the prior year's EPS of $0.82.
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Improved Operating Cash Flow
Operating cash flow increased to $262.3 million, up from $257.2 million in Q1 2025.
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Strong Cash Position
Cash and cash equivalents grew to $577.5 million at quarter end, compared to $275.6 million at the beginning of the year.
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Increase in Industrial Demand
Industrial electric sales increased by 20% compared to the previous year, reflecting strong customer demand.
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Reduction in Debt to Capital Ratio
Debt to capital ratio improved to 55.2%, down from 53.7% as of December 2025.
What to watch
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Higher Fuel Expenses
Fuel and fuel-related expenses increased by over $15 million to $62.9 million, impacting the operating margin.
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Increased Interest Expense
Interest expense rose to $74.6 million, compared to $57.7 million in Q1 2025, primarily due to new debt issuances.
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Regulatory Risks
Ongoing litigation and regulatory reviews could impose financial risks or operational constraints.
Management's outlook
Management expects ongoing focus on cost recovery mechanisms and monitoring of energy prices.
Earlier filings 4
10-K · February 18, 2025
Entergy’s 2024 10-K emphasizes its single-reportable Utility business and ongoing transition away from merchant nuclear generation (completed in 2022). 2024 results show a materially lower consolidated net income of…
10-Q · August 2, 2024
Entergy’s Q2 2024 results show modest revenue growth but materially weaker consolidated earnings due to large one‑time charges. Utility operating revenues rose to $2,941 million (up $122.657 million YoY) driven by…
10-Q · May 2, 2024
Entergy’s Q1 2024 10-Q shows Utility operating revenues of $2,772,000,000, but GAAP net income attributable to Entergy Corporation fell to $75,281,000 in Q1 2024 from $310,935,000 in Q1 2023. Results were hit by a…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.