Entergy Corporation
- Open
- 115.71
- Day high
- 116.41
- Day low
- 113.96
- Prev close
- 116.33
- Volume
- 3.2M
- Mkt cap
- $52.6B
- P/E (TTM)
- 28.9
- EPS (TTM)
- $3.98
- P/B
- 3.0
- P/S
- 4.0
- Yield
- 2.19%
- Per share
- $2.52
- ▼Insiders net selling -$1.7M over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
Entergy Corporation (ETR) is a Utilities company listed on NYSE. The stock is up 39% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 2 published research articles covering ETR.
Entergy Corporation (ETR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 14 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ETR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.84 | $0.86 | +2.4% | $3.2B | +10.3% |
| Feb 12, 2026 | $0.52 | $0.51 | -2.3% | $3.0B | +6.5% |
| Oct 29, 2025 | $1.43 | $1.53 | +7.0% | $3.8B | +2.4% |
| Aug 1, 2025 | — | $1.06 | — | $3.3B | — |
| Feb 18, 2025 | $0.64 | $0.66 | +3.9% | $2.7B | -14.0% |
| Oct 31, 2024 | $1.48 | $1.50 | +1.4% | $3.4B | -8.1% |
| Aug 1, 2024 | $1.76 | $0.96 | -45.5% | $3.0B | -3.6% |
| Apr 24, 2024 | $1.43 | $0.54 | -62.2% | $2.8B | -11.6% |
| Feb 22, 2024 | $0.28 | $0.26 | -7.1% | $2.7B | -31.3% |
| Nov 1, 2023 | $1.49 | $1.64 | +10.1% | $3.6B | -16.5% |
| Aug 2, 2023 | $0.85 | $0.92 | +8.2% | $2.8B | -16.5% |
| Feb 16, 2023 | $0.23 | $0.26 | +13.0% | $3.3B | +45.6% |
ETR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 26, 2026 | COOK-NELSON KIMBERLYofficer: EVP & Chief Operating Officer | Sell | 5,000 | $115.00 |
| Jun 5, 2026 | FISACKERLY HALEYother: "Officer" Under Sec. 16 Rules | Option | 7,128 | $54.24 |
| Jun 5, 2026 | FISACKERLY HALEYother: "Officer" Under Sec. 16 Rules | Option | 3,510 | $49.54 |
| Jun 5, 2026 | FISACKERLY HALEYother: "Officer" Under Sec. 16 Rules | Sell | 10,638 | $110.00 |
| Jun 2, 2026 | CALDWELL JAMES FRANK JRdirector | Grant | 501 | — |
| Jun 2, 2026 | Hyland M Elisedirector | Grant | 221 | — |
| Jun 2, 2026 | PUCKETT KAREN Adirector | Grant | 221 | — |
| Jun 2, 2026 | CALDWELL JAMES FRANK JRdirector | Grant | 221 | — |
| Jun 2, 2026 | ADAMS GINA F.director | Grant | 858 | — |
| Jun 2, 2026 | Burbank John Rdirector | Grant | 221 | — |
| Jun 2, 2026 | PUCKETT KAREN Adirector | Grant | 858 | — |
| Jun 2, 2026 | Ellis Brian Wdirector | Grant | 858 | — |
| Jun 2, 2026 | DONALD KIRKLAND Hdirector | Grant | 858 | — |
| Jun 2, 2026 | FREDERICKSON PHILIP Ldirector | Grant | 858 | — |
| Jun 2, 2026 | LEVENICK STUART Ldirector | Grant | 858 | — |
Source: ETR SEC Form 4 filings, latest Jun 26, 2026. For informational purposes only — not investment advice.
See the full ETR insider & 13F page →ETR research & analysis
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Entergy Corporation company profile
Overview
Entergy Corporation (NYSE:ETR) is a major electric utility company founded in 1913 and headquartered in New Orleans, Louisiana. The company has evolved from a regional electric provider into one of the largest integrated utility companies in the United States, serving approximately 3 million customers across Arkansas, Louisiana, Mississippi, and Texas. Entergy operates through two primary business segments: its regulated Utility operations and the Entergy Wholesale Commodities division, which manages nuclear power plants and wholesale energy sales. The company has positioned itself as a key player in the transition to clean energy while maintaining a strong focus on grid resilience and industrial customer growth in the Gulf South region.
Business
Entergy operates as an integrated electric utility that generates, transmits, distributes, and sells electricity across four states in the American South. The company's business is structured around two main segments that serve different market functions. The Utility segment represents the core regulated business, accounting for the majority of revenues. This division operates traditional electric utility services, including power generation from multiple sources (natural gas, nuclear, coal, hydroelectric, and increasingly solar), high-voltage transmission lines that carry electricity across regions, and local distribution networks that deliver power directly to homes and businesses. The Utility segment also distributes natural gas in certain markets. This regulated business model means that Entergy's rates and returns are overseen by state public service commissions, providing stable but regulated profit margins. The Entergy Wholesale Commodities segment operates in the competitive wholesale electricity market. This division owns and operates nuclear power plants that sell electricity to other utilities, power cooperatives, and trading organizations rather than directly to end consumers. It also manages the decommissioning of retired nuclear facilities and owns interests in non-nuclear power plants. This segment operates under market-based pricing rather than regulated rates, creating both higher potential returns and greater market risk. Entergy's generation portfolio includes approximately 26,000 megawatts of capacity, with about 6,000 megawatts coming from nuclear power plants. The company has been actively transitioning toward cleaner energy sources, with plans to add significant solar and energy storage capacity while maintaining reliable baseload power from natural gas and nuclear sources. The utility serves a diverse customer base including residential consumers, commercial businesses, and large industrial customers, with industrial sales representing a particularly important growth driver due to the region's advantages in petrochemicals, data centers, and manufacturing.
Revenue model
Entergy generates revenue through multiple streams tied to its two business segments. The regulated Utility segment operates under traditional utility rate structures where the company earns returns on invested capital as approved by state regulators. Customers pay for electricity based on usage (kilowatt-hours consumed) plus various fixed charges and riders that recover specific costs like transmission upgrades or storm restoration. This model provides predictable cash flows but limits profit margins to levels deemed reasonable by regulatory commissions, typically allowing returns on equity in the 9-11% range. The Wholesale Commodities segment earns revenue by selling electricity at market prices to wholesale buyers including other utilities, cooperatives, and power marketers. Nuclear plants in this segment benefit from low marginal operating costs and can often generate significant cash flows when wholesale electricity prices are favorable, though they face market price volatility and must compete with other generation sources. Several factors significantly impact Entergy's profitability and margins. Weather patterns directly affect electricity demand, with hot summers driving higher air conditioning usage and cold winters increasing heating demand in areas served by electric heat. Natural gas prices influence both Entergy's generation costs and wholesale electricity market prices, since gas-fired power plants often set marginal pricing. Industrial customer growth has become increasingly important, as large manufacturing facilities, data centers, and petrochemical plants provide high-volume, steady electricity demand that helps spread fixed infrastructure costs across a larger customer base. Regulatory decisions substantially impact earnings through rate case outcomes, approval of capital investments, and cost recovery mechanisms for items like storm restoration or environmental compliance. The company's ability to earn returns on its substantial capital investment program depends heavily on maintaining constructive regulatory relationships. Commodity price cycles affect industrial customer demand, as favorable natural gas and petrochemical spreads can drive increased production and electricity consumption in the Gulf South region.
Competitive moat
Entergy possesses a strong economic moat primarily derived from its regulated utility monopoly status in its service territories. As the exclusive provider of electric transmission and distribution services in its regions, the company benefits from natural monopoly characteristics where duplicate infrastructure would be economically inefficient. This regulatory franchise creates predictable cash flows and barriers to entry that are essentially insurmountable for potential competitors. The company's moat is further strengthened by its strategic geographic positioning in the Gulf South, a region with significant natural advantages for industrial development. Low natural gas costs, access to petrochemical feedstocks, favorable logistics via the Mississippi River system, and proximity to Gulf Coast ports create competitive advantages that attract energy-intensive industries. This geographic positioning has enabled Entergy to secure long-term contracts with major industrial customers including data centers, steel manufacturers, and chemical companies. Entergy's substantial transmission and distribution infrastructure represents another moat element, as the company has invested billions in grid assets that would be extremely costly for competitors to replicate. The integrated nature of the electric grid creates network effects where additional customers increase the value and utilization of existing infrastructure. However, the moat faces some potential challenges. Distributed energy resources including rooftop solar and battery storage could reduce customer dependence on the central grid over time, though this transition is likely to be gradual and may create new opportunities for grid services. Regulatory risk remains significant, as unfavorable rate decisions or changes in regulatory policy could materially impact returns. The company's nuclear assets, while providing low-carbon baseload power, face long-term competitive pressure from cheaper renewable energy combined with storage, though this transition will likely occur over decades rather than years. The competitive threat from independent power producers is limited in the regulated utility business, but Entergy's wholesale operations do face direct market competition. Overall, the combination of regulatory franchise, geographic advantages, and infrastructure assets creates a durable competitive position, though ongoing capital investment and regulatory engagement remain essential to maintaining these advantages.
Risks & safety
Entergy presents a moderate margin of safety with some financial leverage concerns but strong operational cash generation and regulatory stability. **Liquidity and Debt Position:** - Net liquidity of $5.9 billion provides substantial financial flexibility - Debt-to-equity ratio of approximately 2.0x indicates significant leverage typical for utilities but on the higher end - Current ratio of 0.72-0.89x shows working capital constraints, though this is common for utilities with predictable cash flows - Strong operating cash flow of $4.5 billion annually supports debt service and capital investment needs **Valuation Metrics:** - Trading at 25-30x P/E ratio, which is elevated for a utility but reflects growth expectations - EV/EBITDA of approximately 12x is reasonable for a growing utility - Price-to-book ratio of 2.1-2.4x indicates market premium to asset value - Graham number calculations suggest potential overvaluation at current levels **Other Considerations:** - Negative free cash flow of $1.5 billion reflects heavy capital investment phase, typical during growth periods - Credit rating improvements from S&P indicate strengthening financial profile - Regulatory relationships appear constructive across service territories - Industrial customer growth provides revenue diversification and stability
Recent development
Over the past several years, Entergy has undergone a significant strategic transformation focused on industrial customer growth and clean energy transition. The company has successfully attracted major industrial customers including hyperscale data centers, with Amazon Web Services committing to a $10 billion data center in Mississippi and additional data center opportunities representing 5-10 gigawatts of potential demand in the pipeline. The company has also secured large manufacturing customers such as Hyundai Steel's $5.8 billion facility in Louisiana and CF Industries' $4 billion low-carbon ammonia plant. Entergy has dramatically expanded its capital investment program, increasing from a $20 billion three-year plan to a $37 billion four-year plan (2025-2028). This capital deployment focuses heavily on renewable energy development, with plans to add significant solar and energy storage capacity across its service territories. The company has moved from having minimal renewable capacity to targeting thousands of megawatts of solar development, representing a fundamental shift in its generation portfolio strategy. The company has made substantial progress in resolving long-standing regulatory and legal issues, including settling the complex System Energy Resources (SERI) litigation that had created uncertainty for years. Entergy has also successfully navigated multiple rate cases and secured approval for new generation facilities including the Orange County Advanced Power Station and other natural gas plants to support growing customer demand. Nuclear operations have become an increasingly important strategic focus, with Entergy exploring both upgrades to existing facilities and potential investments in new nuclear technologies including small modular reactors (SMRs). The company is also investigating carbon capture and sequestration opportunities to further reduce emissions from its generation fleet. Recent developments include improving credit metrics and financial flexibility, with credit rating upgrades from major agencies and successful completion of significant equity financing programs. The company has also enhanced its storm resilience capabilities and vegetation management programs following major hurricane events.
ETR company profile · for informational purposes only — not investment advice.
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