Welcome to our dedicated page for Entergy Corporation news (Ticker: ETR), a resource for investors and traders seeking the latest updates and insights on Entergy Corporation stock.
Entergy Corporation (NYSE: ETR) is a leading integrated energy company primarily engaged in electric power production and retail distribution operations. With its headquarters in New Orleans, Louisiana, Entergy owns and operates power plants with a total capacity of approximately 30,000 megawatts, including over 10,000 megawatts of nuclear power, making it one of the largest nuclear generators in the United States. The company provides electricity to about 3 million customers across Arkansas, Louisiana, Mississippi, and Texas through its five regulated utilities.
Entergy is dedicated to delivering reliable and affordable energy while maintaining a strong focus on sustainability and corporate citizenship. The company is committed to transitioning to cleaner, more efficient energy solutions, as demonstrated by its significant investments in renewable energy and grid resilience. Entergy is also known for its economic contributions, providing over $100 million annually in benefits to local communities through philanthropy, volunteerism, and advocacy.
In 2023, Entergy reported annual revenues exceeding $11 billion and employed approximately 15,000 people. The company's financial performance was highlighted by fourth-quarter earnings of $988 million on an as-reported basis and $111 million on an adjusted basis. For the full year, Entergy's earnings were $2,357 million on an as-reported basis and $1,438 million on an adjusted basis. These results underscore Entergy's focus on operational excellence and customer satisfaction.
Recent achievements include the resolution of the 2016-2018 IRS audit, which resulted in a $568 million income tax benefit, and the successful execution of clean energy projects to support a growing customer base. Entergy's strategic initiatives also encompass partnerships with organizations like Feed the Second Line's Get Lit, Stay Lit clean energy initiative, and its sponsorship of the Bayou Regional FIRST Robotics Competition, which underscores its commitment to STEM education and community development.
Looking forward, Entergy has initiated its 2024 adjusted EPS guidance range from $7.05 to $7.35, projecting a stable financial outlook. The company remains focused on delivering meaningful value to its stakeholders while advancing its goals of sustainability and reliability in the energy sector.
Entergy has continued its annual 'Operation Secret Santa' program, which helps customers pay their utility bills during the holiday season. The initiative, launched in 2014, has distributed over $60,000 in utility payment assistance. The program operates through The Power to Care, Entergy's assistance program for low-income families, which has raised over $50 million since 2008 and helped more than 250,000 customers. The program specifically targets seniors and individuals with disabilities facing financial hardships, working in collaboration with local nonprofits, employees, and customer contributions.
Entergy Texas announced a quarterly dividend declaration on its Series A Preferred Stock. The company will pay $0.3359375 per share on January 15, 2025, to shareholders recorded as of January 3, 2025. The dividend announcement was made by the company's board of directors on December 19, 2024.
Entergy sponsored the 129th annual Times-Picayune Doll and Toy Fund gift giveaway in New Orleans, continuing their support since 2016. The event, hosted at Xavier University of Louisiana, involved over 30 Entergy employees distributing toys, school supplies, and snacks to families in need. Co-sponsored by The Times-Picayune, WVUE-TV, and Element, the initiative follows last year's successful distribution of more than 12,000 gifts throughout the metro area. Deanna Rodriguez, president and CEO of Entergy New Orleans, emphasized the event's significance in creating joy for community families, particularly meaningful given current economic challenges from rising living costs and inflation.
Impact 59 Powered by Entergy, the official Super Bowl LIX Legacy Grant Program, has distributed over $3.5 million in grants to 65 nonprofit organizations in the Greater New Orleans region. The initiative, announced 59 days before Super Bowl LIX, is supported by multiple organizations including the NFL Foundation, Entergy, New Orleans Saints, and others.
The grants target organizations working in key areas such as economic development, education, workforce training, youth development, health and wellness, and equity and inclusion. The program covers multiple parishes including Orleans, Jefferson, St. Bernard, and others, aiming to create a lasting legacy beyond the city's record-tying 11th Super Bowl on Feb. 9, 2025.
Entergy employees have raised $868,167 for The Power to Care program in 2024, marking the highest amount raised from special events in nearly 20 years. The program provides emergency bill assistance to vulnerable customers, including older adults and individuals with disabilities.
Various fundraising events were organized across the service area, including golf tournaments, softball games, fishing tournaments, and pickleball competitions. Notable contributions came from regional golf tournaments: Entergy Texas ($245,852), Entergy New Orleans ($150,000), Entergy Mississippi ($127,600), and Entergy Arkansas ($126,868).
Since 2008, The Power to Care has raised over $50 million and assisted more than 250,000 people in need. The program operates through partnerships with local nonprofits, employees, and customer contributions to provide emergency bill payment assistance during financial crises.
Entergy Louisiana announces plans to support Meta's $10 billion data center project in Richland Parish with significant infrastructure investments. The facility, set to be Meta's largest at over 4-million square feet, will be built on the 1,400-acre Franklin Farm mega site.
The infrastructure development includes building three combined-cycle combustion turbines with 2,260 megawatts capacity, two Entergy-owned substations, six customer-owned substations, and nearly 100 miles of transmission lines. The project will create 1,500-1,800 construction jobs for generation units and 3,500-5,000 jobs for transmission investments, plus 44 permanent positions.
Meta will share infrastructure costs and contribute $1 million to Entergy's Power to Care program. The new generators, expected online between 2028-2029, will support 30% hydrogen co-firing initially, with potential for 100% hydrogen transition and carbon capture capabilities.
Meta announced a $10 billion artificial intelligence data center project in Richland Parish, Louisiana, set to be the company's largest worldwide. The 4 million square foot facility, spanning 2,250 acres, will create 500 direct jobs and over 1,000 indirect jobs, with 5,000 construction workers at peak construction through 2030.
The data center will be optimized for Meta's AI workloads, supporting platforms like Facebook, Instagram, and WhatsApp. Meta commits to match 100% of electricity use with clean and renewable energy, working with Entergy to bring 1,500 MW of new renewable energy to the grid. The company will invest over $200 million in local infrastructure improvements and contribute up to $1 million annually to Entergy's low-income ratepayer support program.
Entergy has announced its platinum sponsorship of the 51st Bayou Classic, a prestigious annual football game between Southern University Jaguars and Grambling State University Tigers that celebrates Historically Black Colleges and Universities (HBCUs). The event, drawing over 200,000 people to New Orleans, will take place on November 30 at the Caesars Superdome. As part of its commitment to HBCUs, Entergy has pledged a $20 million, 10-year investment through The Power of Prosperity program to support education, career readiness, and workforce development across Arkansas, Louisiana, Mississippi, and Texas.
Entergy joins Utilities United Against Scams to support International Fraud Awareness Week and recognize Utility Scam Awareness Day. The initiative aims to educate customers about common utility impostor scams, which caused a median loss of $463 per victim in 2023 according to the BBB.
The top 10 scams include: disconnection deception, bill payment cons, equipment repair fees, overpayment tricks, power restoration rip-offs, phishing variants (smishing, vishing, quishing), contractor cons, home improvement schemes, solar scams, and bogus bills. To protect customers, Entergy emphasizes using only authorized payment methods and verifying the identity of utility workers.
Entergy Arkansas raised $126,826 at its 20th annual Power to Care Charity Golf Classic, which will be matched by Entergy shareholders for a total of over $250,000. The event, held at The Country Club of Arkansas, featured 38 teams and exceeded last year's sponsorship goal of $60,000. Diamond Sponsor Doggett Freightliner contributed $10,000, while Platinum Sponsors Midwest Transformers and A-Line TDS each donated $7,500. The funds will help more than 400 elderly and disabled customers pay their utility bills, supporting those facing financial hardship.
FAQ
What is the current stock price of Entergy Corporation (ETR)?
What is the market cap of Entergy Corporation (ETR)?
What is Entergy Corporation's primary business?
How much power generation capacity does Entergy own?
Where is Entergy Corporation headquartered?
What were Entergy's financial results for 2023?
What is Entergy's commitment to sustainability?
What community initiatives is Entergy involved in?
What is the significance of Entergy's nuclear power generation?
How does Entergy contribute to local communities?
What is Entergy's 2024 earnings guidance?
How many employees does Entergy have?
