Entergy

Entergy generates, transmits and distributes electricity to more than 3 million customers through its utility companies in Arkansas, Louisiana, Mississippi and Texas, including Entergy New Orleans. Its plants use natural gas, nuclear power and renewable energy. Industrial customers, such as data centers and metals producers, buy a large part of its power: in Q3 2026, industrial sales were 17,055 GWh of 39,864 GWh of retail sales. Large new customers include a Google data center in Arkansas and Evest LLC, a subsidiary of Meta Platforms, in Louisiana.

The shares trade on the New York Stock Exchange and NYSE Texas. The head office is in New Orleans, and Entergy has about 12,000 employees. Drew Marsh is Chair and Chief Executive Officer.

Investors pay for Entergy's fast growth in electricity demand from data centers and industry on the Gulf Coast, and for regulation that lets it earn a return on new plants and lines. Weather-adjusted retail sales grew 4.5% in Q3 2026, with industrial sales up 4.9%, and Entergy plans capital investments of about $54.8 billion from 2027 to 2030. For the price to hold, three things must be true. Regulators in Arkansas, Louisiana, Mississippi, New Orleans and Texas must keep approving new plants, lines and rates on time.

Entergy must fund the plan with debt and new shares without too much dilution: in May 2026, it sold $2.175 billion of shares with forward sale agreements. And large customers such as Google and Meta Platforms must use the power that their contracts expect. The Q4 2026 report and the 2027 guidance, expected in February 2027, are the next test. Delays of large customers or higher interest rates can slow EPS growth.

1. Nov 2, 2026Passed

   Q3 2026 results and the 2026 guidance2026 guidance kept at $4.25 to $4.45 or raised passes; a cut fails.Outcome: EPS was $1.98, and Entergy narrowed its 2026 adjusted EPS guidance to $4.35 to $4.45.
2. Feb 2, 2027 · est.Pending

   Q4 2026 results and the 2027 guidance2026 adjusted EPS of $4.35 to $4.45 and 2027 guidance above the 2026 result pass; flat guidance fails.
3. Aug 2029 · est.Pending

   Babel to Webre transmission line in serviceService by August 2029 near the $1,238 million cost estimate passes; a long delay or a large cost overrun fails.

Every passed and failed checkpoint across all picks

• November 2, 2026Entergy reported Q3 2026 results. EPS was $1.98 on an as-reported and an adjusted basis, against $1.53 a year earlier. Entergy narrowed its 2026 adjusted EPS guidance to $4.35 to $4.45 and raised the quarterly dividend by 6% to 68 cents per share. Orange County Advanced Power Station began to serve Entergy Texas customers, and the LPSC approved the $1.2 billion Babel to Webre transmission project.
• September 2, 2026Entergy settled its remaining 2025 forward sale agreements and delivered 11,145,984 shares for about $913 million.
• August 7, 2026Entergy issued $1.5 billion of junior subordinated debentures due 2056 and 2058, with an initial interest rate of 6.500%.

Last earnings

November 2, 2026 (8-K on sec.gov)

Next earnings

Expected about February 2, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed November 2, 2026 · etr-20260930
• 8-KEarnings release and Investor disclosureFiled November 2, 2026 · Press release and exhibits
• 8-KOther company newsFiled September 2, 2026 · etr-20260902
• 8-KOther company newsFiled August 7, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 31, 2026 · etr-20260630
• 8-KEarnings release and Investor disclosureFiled July 29, 2026 · Press release and exhibits
• 8-KOther company newsFiled June 23, 2026 · etr-20260622
• 8-KShareholder vote resultsFiled May 12, 2026 · etr-20260508
• 8-KChange of directors or officersFiled May 12, 2026 · etr-20260507
• 8-KNew material agreement and Other company newsFiled May 7, 2026 · Read it on sec.gov

Every filing on SEC EDGAR (CIK 65984)

• Regulators set Entergy's rates. If the commissions in Arkansas, Louisiana, Mississippi, New Orleans or Texas allow lower returns or delay cost recovery, earnings can grow more slowly.
• The capital plan is large, about $54.8 billion from 2027 to 2030. Entergy funds it with debt and new shares, and total debt rose to $34.9 billion at September 30, 2026, from $30.6 billion a year earlier.
• Much of the growth comes from a few large customers such as data centers. If a large customer delays or cancels a project, plants and lines built for it can earn less than planned.
• Hurricanes and winter storms can damage the grid on the Gulf Coast. Winter Storm Fern in January 2026 cost about $450 million to restore power, and Entergy must ask regulators to recover such costs.
• Entergy operates nuclear plants. An outage or a safety problem can raise costs and lower earnings.

Entergy funds itself with debt at its utility companies and at the parent, junior subordinated debentures, new shares and cash flow. At September 30, 2026, cash and cash equivalents were $4,205 million, and total debt was $34,936 million, including $4,000 million of junior subordinated debentures, $213 million of securitization debt and $105 million of commercial paper. Read more

Dividend yield

2.3% (last 12 months, at today’s price of $111.71)

Paid per share

$2.56 in the last 12 months (4 payments)

Current annual rate

$2.56 ($0.64 × 4 a year)

Payout ratio

62% of the last fiscal year’s earnings (the year that ended December 31, 2025)

Latest ex-dividend date

August 13, 2026, $0.64 per share

Dividends per share by year

From 2020 to 2025, the dividend grew by about 5.5% a year. From 2015 to 2025, the dividend grew by about 3.9% a year.

Source: company filings and market data, read on November 11, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.