Entergy Corp

Latest Results (17.12.2024):

Earnings Overview

Entergy Corp reported its financial results for the third quarter of 2024, with earnings per share of $2.99 on both an as-reported and adjusted basis. This represents a decrease compared to the third quarter of 2023, where earnings per share were $3.14 on an as-reported basis and $3.27 on an adjusted basis. The company highlighted strong execution across various dimensions, contributing to these results.

Guidance and Outlook

Entergy Corp has narrowed its 2024 adjusted earnings per share (EPS) guidance range to $7.15 to $7.35, pre-split. The company also updated its longer-term outlooks, reflecting confidence in its strategic initiatives and operational performance. The guidance excludes potential adjustments related to regulatory charges and significant income tax items.

Utility Business Performance

In the third quarter of 2024, Entergy's Utility business reported earnings of $787 million, or $3.65 per share, on both an as-reported and adjusted basis. This is an increase from the third quarter of 2023, where earnings were $752 million, or $3.54 per share, on an as-reported basis. The increase was driven by regulatory actions, higher other income, and lower other operating and maintenance expenses.

Parent & Other Segment

The Parent & Other segment of Entergy Corp reported a loss of $(142 million), or (66) cents per share, for the third quarter of 2024. This is a larger loss compared to the third quarter of 2023, which was $(85 million), or (40) cents per share. The increased loss was influenced by lower other income and higher interest expenses.

Dividend and Stock Split

Entergy Corp's Board of Directors declared a quarterly dividend of $1.20 per share, marking a six percent increase. Additionally, the Board approved a two-for-one stock split of Entergy’s common stock, effective with trading starting on December 13, 2024. This move is expected to enhance the stock's liquidity and accessibility to a broader range of investors.