ETR earnings analysis
What we found in ETR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Surpass Estimates
- Actual revenue of $3.188 billion exceeded estimated revenue of $2.933 billion by approximately 8.7%.
- 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.
- Improved Operating Cash Flow
- Operating cash flow increased to $262.3 million, up from $257.2 million in Q1 2025.
- 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.
- Increase in Industrial Demand
- Industrial electric sales increased by 20% compared to the previous year, reflecting strong customer demand.
- Reduction in Debt to Capital Ratio
- Debt to capital ratio improved to 55.2%, down from 53.7% as of December 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Higher Fuel Expenses
- Fuel and fuel-related expenses increased by over $15 million to $62.9 million, impacting the operating margin.
- Increased Interest Expense
- Interest expense rose to $74.6 million, compared to $57.7 million in Q1 2025, primarily due to new debt issuances.
- Regulatory Risks
- Ongoing litigation and regulatory reviews could impose financial risks or operational constraints.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.86
- Segment
- Entergy Arkansas
- Segment
- Entergy Louisiana
- Segment
- Entergy Mississippi
- Segment
- Entergy New Orleans
- Segment
- Entergy Texas
What they said about what is next.
Management expects ongoing focus on cost recovery mechanisms and monitoring of energy prices.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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