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.
D. E. Shaw Renewable Investments (DESRI) announced agreements with Entergy Louisiana (ELL) for three solar projects totaling 350 MWac, scheduled to commence operations in 2024. The facilities include the Vacherie Solar Energy Center and the SJ Louisiana Solar Project, both 150 MWac, and the Sunlight Road Solar Project, 50 MWac. These projects aim to enhance ELL's renewable portfolio and create local jobs. Overall, DESRI's collaboration with ELL now exceeds 400 MWac in renewable projects, contributing to economic development in Louisiana.
Entergy Corporation announced the retirement of Steve McNeal, vice president and treasurer, effective spring 2022. Barrett Green, currently vice president, commercial operations, will succeed him. Green brings extensive experience, having been with Entergy since 1997. He holds degrees from the University of Mississippi, Virginia Tech, and Kellogg Graduate School. Entergy, headquartered in New Orleans, delivers electricity to 3 million customers across several states and boasts annual revenues of $10 billion.
Entergy Corporation (NYSE: ETR) reported Q3 2021 earnings per share (EPS) of $2.63, up from $2.59 in Q3 2020. Adjusted EPS increased to $2.45 from $2.44 year-over-year. The company narrowed its 2021 adjusted EPS guidance to $5.90-$6.10. Entergy's Utility segment contributed $570 million to earnings, with a notable increase from the prior year.
Entergy's quarterly dividend rose by 6% to $1.01 per share. The company was recognized for its leadership in reducing carbon emissions, receiving a 2021 Climate Leadership Award.
Entergy Corporation will have its Chairman and CEO, Leo Denault, and executive team participate in investor meetings from Nov. 7 to Nov. 9, 2021 at the 56th Edison Electric Institute Financial Conference. Handout materials for the event will be available on Entergy's Investor Relations website starting Nov. 6. Entergy operates in electric power production and serves 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, boasting a generating capacity of approximately 30,000 megawatts, including 7,000 megawatts of nuclear power.
Entergy Corporation has declared a quarterly dividend payment of $1.01 per share, marking a $0.06 increase. This dividend is payable on Dec. 1, 2021, to shareholders recorded by Nov. 15, 2021. Since 1988, Entergy has consistently paid dividends to its shareholders. The company, operating in the energy sector, delivers electricity to approximately 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, with annual revenues around $10 billion.
Entergy Corporation is set to release its third-quarter 2021 financial results on November 3 before market opening. A conference call will be held at 10 a.m. CT on the same day to discuss the earnings outcomes. Investors and the public can listen to the live webcast via the company's investor relations page or by calling 844-309-6569 with conference ID 8029888. Entergy serves around 3 million customers across several states and reported annual revenues of $10 billion.
Entergy Corporation (ETR) announced the restoration of power to approximately 932,000 customers, representing 98% of those affected by Hurricane Ida. The company deployed around 27,000 workers for restoration efforts. The storm caused significant damage, including over 30,500 distribution poles and an estimated $2.1 billion to $2.6 billion in restoration costs. Utility revenues are expected to decline by $75 million to $85 million due to outages. Despite this, Entergy maintains its adjusted earnings per share guidance for 2021 of $5.80 to $6.10.
The board of directors of Entergy Texas has declared a quarterly dividend of $0.336 per share on preferred stock, payable on October 15, 2021. Shareholders of record as of October 1, 2021 will receive this payment. Entergy Texas serves approximately 473,000 customers across 27 counties and is a subsidiary of Entergy Corporation, which has annual revenues of $10 billion. The company operates a clean power generating fleet, including 7,000 megawatts of nuclear power, contributing to its strong market position.
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