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 released its 2021 Integrated Report, highlighting its environmental, social, governance, and financial performances. The report emphasizes the company’s commitment to sustainability, including a goal of achieving net-zero carbon emissions by 2050 and plans to expand renewable energy capacity to 11,000 megawatts by 2030. Entergy reported adjusted earnings per share of $6.02, maintaining solid financial performance with consistent revenue growth.
Entergy's board has declared a quarterly dividend of $1.01 per share, payable on June 1, 2022, to shareholders of record by May 5, 2022. This marks the continuation of dividend payments since 1988, reflecting Entergy's commitment to delivering value to its investors.
On March 21, 2022, Entergy Texas, Inc. (NYSE: ETI-PR) announced a quarterly dividend of $0.3359375 per share on its preferred stock. This dividend is scheduled for payment on April 15, 2022, to shareholders of record as of March 31, 2022. Entergy Texas serves over 486,000 customers across 27 counties and is a subsidiary of Entergy Corporation (NYSE: ETR), which delivers power to 3 million families and businesses throughout the Gulf South region.
Entergy Corporation (NYSE: ETR) reported Q4 2021 earnings per share (EPS) of $1.28 (as-reported) and 76 cents (adjusted), a decline from Q4 2020's $1.93 and 71 cents, respectively. For full-year 2021, EPS was $5.54 as-reported and $6.02 adjusted, down from $6.90 and $5.66 in 2020. The company initiated 2022 adjusted EPS guidance of $6.15 to $6.45. Notable developments included new solar projects and partnerships aimed at enhancing renewable energy capabilities. Despite challenges, Entergy aims to invest in customer solutions and clean electrification for future growth.
Entergy Corporation (NYSE: ETR) will announce its 2021 financial results on February 23, 2022, before the market opens. A live webcast, featuring CEO Leo Denault and CFO Drew Marsh, will take place at 10 a.m. Central time on the same day. The presentation materials will be available on Entergy's investor website prior to the call. An archived replay can be accessed until March 2, 2022. Entergy serves approximately 3 million customers across the Gulf South, focusing on a cleaner energy future.
Entergy has launched a new corporate brand and logo, marking a significant transformation aimed at becoming the premier electric utility. This rebranding reflects the company's commitment to providing safe, reliable, and affordable energy while focusing on reducing carbon emissions. Entergy aims to enhance customer experience through positive interactions and superior services. The new logo, updated for the first time in over 30 years, symbolizes the company's innovative approach and dedication to a sustainable future. Full implementation of the new branding will occur over several months.
Entergy Corporation has declared a quarterly dividend of $1.01 per share on its common stock, set to be paid on March 1, 2022. Shareholders of record as of February 11, 2022 will receive this dividend. This marks an unbroken history of dividend payments to shareholders since 1988. Entergy serves approximately 3 million utility customers across Arkansas, Louisiana, Mississippi, and Texas and operates one of the cleanest power generation fleets in the U.S., boasting a generating capacity of 30,000 megawatts.
Entergy Corporation announced its collaboration with industrial customers to meet rising demands for clean electricity, highlighting a memorandum with Sempra Infrastructure to supply about 300 megawatts, equating to roughly 900 MW of renewable energy. Entergy aims to triple its renewable portfolio by 2030, achieving 11 gigawatts of renewable energy, with current utility rates below the national average. They target a 50% reduction in carbon emissions by 2030 and net-zero emissions by 2050, enhancing growth in the Gulf South region's economy.
Sempra Infrastructure has signed a non-binding memorandum of understanding (MOU) with Entergy Louisiana to explore renewable energy options for its facilities. The collaboration aims to enhance electrification, carbon sequestration, and reduce methane emissions. Sempra owns a 50.2% stake in Cameron LNG, which is proposed to expand with an additional liquefaction train. Entergy plans to increase its renewable energy portfolio significantly by 2030, aligning with sustainability goals and supporting Sempra's operations in Louisiana.
The board of directors of Entergy Texas, Inc. (NYSE: ETI.PR) announced a quarterly dividend of $0.3359375 per share on its preferred stock. This dividend will be payable on January 15, 2022 to shareholders on record as of December 30, 2021. Entergy Texas serves approximately 473,000 customers across 27 counties and is a subsidiary of Entergy Corporation, which generates around $10 billion in annual revenue and has a diverse energy portfolio, including 7,000 megawatts of nuclear capacity.
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