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 Corporation (NYSE: ETR) reported Q1 2023 earnings of $1.47 per share on an as-reported basis, up from $1.36 in Q1 2022. Adjusted earnings were $1.14 per share, down from $1.32 year-over-year. Total earnings reached $311 million compared to $276 million in the same quarter last year. Key highlights include projects to enhance transmission infrastructure and significant commitments to renewable energy. Entergy reaffirmed its 2023 adjusted EPS guidance range of $6.55 to $6.85, showcasing confidence in long-term growth. However, earnings were impacted by unfavorable weather conditions and increased operational costs.
Entergy Corporation announces the continuation of its Environmental Initiatives Fund (EIF), providing $1 million annually in grants to support environmentally beneficial projects in Arkansas, Louisiana, Mississippi, and Texas. Celebrating its 22nd year, the EIF has awarded nearly $42 million in total since its inception in 2001. The funding prioritizes projects that create significant environmental benefits, particularly those within Entergy's utility service area. Grants will be evaluated based on various criteria, including project quality and potential impacts. Proposals for funding must be submitted by May 31, 2023.
Entergy Corporation will release its first-quarter 2023 financial results on April 26, 2023, before the stock market opens. Following the announcement, there will be a live webcast at 10 a.m. Central Time featuring insights from key company executives, including CEO Drew Marsh and CFO Kimberly Fontan. Investors can tune in via Entergy's website or by phone. The presentation materials will also be available online before the market opens. Entergy, operating across Arkansas, Louisiana, Mississippi, and Texas, serves approximately 3 million customers and has committed over $100 million annually to local community benefits since 2018. This emphasizes their ongoing investment in reliable and sustainable energy solutions.
Entergy (NYSE:ETR) participated in the Louisiana State Capitol event alongside the Louisiana Policy Institute for Children and United Way of Southeast Louisiana to launch the report titled 'A Modern History of Early Care and Education in Louisiana'. The report, funded by Entergy, evaluates the evolution of early childhood education (ECE) in Louisiana, highlighting significant progress and ongoing challenges.
In the early 2000s, Louisiana had only 27% of 4-year-olds enrolled in pre-kindergarten and ranked last in childcare access for 3-year-olds. The report outlines improvements in ECE, driven by collaborations with advocates and policymakers. Governor John Bel Edwards emphasized the state's historic budget investment in early childhood education, marking a pivotal shift in prioritizing children's educational needs.
Entergy Mississippi celebrates its 100th anniversary with initiatives to combat poverty and food scarcity in the state. The company has partnered with Extra Table to pack and donate meals, committing to provide 100,000 meals over the year, starting with a $100,000 donation funded by shareholders. Entergy volunteers packed 2,500 meal boxes to support families in need. Additionally, employees are contributing items to assist communities affected by recent tornadoes. Entergy Mississippi serves 461,000 customers across 45 counties and maintains competitive rates despite rising natural gas prices. The company emphasizes its role in community support through philanthropy and volunteerism, reflecting its mission to power life sustainably.
Entergy has released its 2022 Integrated Report, showcasing its performance and future growth opportunities. The report highlights Entergy's commitment to sustainability and its strategic focus on customer collaboration to meet sustainability goals. Key points include a 31% reduction in carbon emissions since 2000 and a target for net-zero carbon emissions by 2050. Entergy's initiatives contributed
On April 10, 2023, Entergy's board declared a quarterly dividend payment of $1.07 per share on common stock. This dividend is payable on June 1, 2023, to shareholders of record as of May 4, 2023.
Entergy has consistently paid dividends since 1988, reaffirming its commitment to providing returns to shareholders. The company serves approximately 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, and is recognized for its efforts in sustainability and community support, having delivered over $100 million in economic benefits annually since 2018.
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