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 Q3 2022 earnings of $2.74 per share, an increase from $2.63 in Q3 2021, and adjusted EPS of $2.84 compared to $2.45. The company narrowed its adjusted EPS guidance for 2022 to $6.25 - $6.45. Key achievements included approvals for multiple solar projects totaling 725 MW and a $206 million securitization for Hurricane Ida recovery. A quarterly dividend was declared at $1.07, a 6% increase. Entergy aims to enhance customer affordability and support clean energy initiatives while advancing reliability.
Entergy's board of directors has declared a quarterly dividend of $1.07 per share, marking a 6% increase from the previous $1.01 per share. The new dividend will be paid on December 1, 2022, to shareholders recorded by November 14, 2022. This continuation of cash dividends reflects Entergy's commitment to returning value to its investors, having consistently paid dividends since 1988.
Entergy will announce its third-quarter 2022 financial results before the market opens on November 2. The company encourages stakeholders to join a live webcast discussion at 10 a.m. Central time on the same day. Presentations and materials will be available on Entergy's Investor Relations website prior to the market opening. As a leader in energy provision for over a century, Entergy serves approximately 3 million customers across multiple states and is committed to creating a cleaner energy future through diverse power generation.
Entergy Arkansas has secured approval from the Arkansas Public Service Commission for the Driver Solar Project, its largest solar initiative, featuring a capacity of 250 MW AC (312 MW DC). Located near Osceola, the project will generate energy sufficient to power over 40,000 homes and is set for completion in late 2024. This initiative aims to support U. S. Steel’s sustainability goals, provide job opportunities, and bolster local economic growth through an estimated $1.2 million in annual property taxes, totaling roughly $36 million over 30 years.
The Entergy Texas board has declared a quarterly dividend of $0.3359375 per share on its Series A Preferred Stock, scheduled for payment on Oct. 15, 2022. This dividend will benefit shareholders on record as of Oct. 1, 2022. Entergy Texas, a subsidiary of Entergy Corporation, serves over 486,000 customers across 27 counties. The company is committed to a cleaner energy future, focusing on carbon-free energy sources.
Entergy Corporation has announced the planned retirement of CEO Leo P. Denault in 2023 after 23 years with the company. The board has elected Chief Financial Officer Andrew Marsh as the next CEO, effective November 1. Denault will remain as executive chairman during the transition, supporting Marsh and the leadership team. Under Denault's leadership, Entergy has focused on sustainable value creation, expanding its customer base to 3 million and advancing its renewable energy strategies. The leadership transition aims to sustain the company's momentum in the energy sector.
Entergy Corporation (NYSE: ETR) reported Q2 2022 earnings per share of 78 cents as-reported and $1.78 adjusted, marking significant improvement from a loss in Q2 2021. Key drivers included increased retail sales due to customer growth and weather impacts. The company affirmed its 2022 adjusted EPS guidance range of $6.15 to $6.45, expecting results in the top half. Significant developments included completion of the 100 MW Sunflower Solar Station, the sale of Palisades, and increased renewable energy initiatives in E-AR and E-TX.
On July 29, 2022, Entergy's board declared a quarterly dividend of $1.01 per share on common stock, payable on Sept. 1, 2022. Shareholders of record as of Aug. 11, 2022 will receive this dividend. Notably, Entergy has maintained a continuous cash dividend for shareholders since 1988, reflecting the company's commitment to returning value to investors. Entergy operates in multiple states, providing energy to approximately 3 million customers, while focusing on a cleaner energy future.
Entergy will announce its second-quarter 2022 financial results on August 3, 2022, before the market opens. A live webcast discussion featuring CEO Leo Denault and CFO Drew Marsh will take place at 10 a.m. Central time on the same day. Investors can access the presentation materials and the archived replay on Entergy's Investor Relations website. Entergy serves 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, focusing on a cleaner energy future with a diverse portfolio.
Entergy, serving 3 million customers, announces measures to alleviate financial strain from rising energy costs due to unprecedented temperatures and soaring natural gas prices. The company is allocating $10 million for bill payment assistance through programs like The Power to Care, waiving late fees and credit card payment fees for eligible customers, and organizing energy efficiency events. Entergy emphasizes its commitment to customer support amidst economic challenges while exploring additional solutions to enhance service reliability and efficiency.
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