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's Indian Point Energy Center Unit 3 will permanently shut down on April 30, 2021, concluding nearly 60 years of operation. This decision is part of a settlement with New York State, driven by consistently low energy prices impacting revenue. Unit 3 is notable for achieving a world record with 751 continuous days of operation. Since acquiring the units, Entergy increased their output significantly, generating 25% of New York City's power. Entergy plans to transfer the facility to Holtec International for prompt decommissioning, with existing employees offered relocation opportunities.
Entergy Corporation (NYSE: ETR) reported Q1 2021 earnings per share of $1.66, up from $0.59 in Q1 2020, with adjusted earnings at $1.47, compared to $1.14 year-over-year. The company achieved settlements that mitigate risks and pave the way for future growth in cleaner energy generation. Key business highlights include renewable resource RFPs from multiple subsidiaries and successful resolution of rate plans. Entergy maintained its adjusted EPS guidance for 2021 at $5.80 to $6.10, despite potential uncertainties from exiting the wholesale commodities business.
Deanna Rodriguez has been appointed president and CEO of Entergy New Orleans, LLC, effective May 9, 2021. She succeeds David Ellis, who becomes Entergy Corporation's chief customer officer. Rodriguez brings nearly 30 years of experience, including vice president roles in regulatory and public affairs. She has been instrumental in aligning stakeholder interests with Entergy's customer-centric plans and has initiated successful programs, such as Energy Smart. Rodriguez holds a master's degree in public affairs from the University of Texas at Austin, and her leadership aims to enhance customer satisfaction.
Entergy Corporation (NYSE: ETR) has appointed David Ellis as its first-ever chief customer officer, effective May 9, 2021. Ellis, previously president and CEO of Entergy New Orleans, will focus on enhancing customer experiences and developing innovative solutions to meet their needs. His leadership includes overseeing the startup of the 128-megawatt New Orleans Power Station and promoting renewable energy projects. With nearly three decades in the energy sector, Ellis aims to align Entergy's services with customer goals around reliability, affordability, and sustainability.
Entergy Corporation (NYSE: ETR) released its 2020 Integrated Report, highlighting its resilience during unprecedented challenges, including the COVID-19 pandemic. The report outlines key achievements like a 37% reduction in carbon emissions since 2000 and over $1.1 billion invested in local suppliers. It emphasizes Entergy's commitment to reliable, affordable energy and community support, with nearly $19 million in charitable contributions. The report reinforces Entergy's goal for a carbon-free future and strong financial results despite the adversities faced in 2020.
Entergy Corporation (NYSE: ETR) will release its first quarter 2021 financial results on April 28, 2021, prior to market opening. A conference call to discuss these results is scheduled for 10 a.m. CT on the same day. Investors can access the call via a live webcast or by phone. Entergy serves nearly 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, boasting an annual revenue of $10 billion and a significant electric generating capacity of approximately 30,000 megawatts, including 8,000 megawatts from nuclear power.
On April 14, 2021, Entergy and Holtec International, along with various New York state entities, submitted a Joint Proposal to the New York Public Service Commission for the decommissioning of the Indian Point Energy Center. This proposal seeks approval for the post-shutdown transfer from Entergy to Holtec. The Joint Proposal aims to address issues such as financial assurance, site restoration, and local emergency funding. With Indian Point Unit 3 slated to shut down by April 30, 2021, Holtec plans to begin decommissioning promptly, aiming for site reuse by the 2030s, significantly ahead of schedule.
Entergy Corporation (NYSE: ETR) has announced a quarterly dividend payment of $0.95 per share, payable on June 1, 2021, to shareholders of record as of May 6, 2021. This marks a continuous dividend payout since 1988. Entergy operates a robust energy portfolio, providing electric power to 3 million utility customers across Arkansas, Louisiana, Mississippi, and Texas, with an annual revenue of $10 billion and a generating capacity of approximately 30,000 megawatts.
The board of directors of Entergy Texas has declared a quarterly dividend of $0.336 per share on preferred stock, with a payment date set for April 15, 2021. Shareholders of record by March 31, 2021 will be eligible for this dividend. Entergy Texas, a subsidiary of Entergy Corporation, serves around 473,000 customers across 27 counties and is part of an integrated energy company that delivers electricity to 3 million customers in total. Entergy has an impressive annual revenue of $10 billion.
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