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 donated $3 million to help low-income customers become more energy efficient and save money on their bills during the severe summer heat. Through the 'Beat the Heat' program, customers received bill payment assistance, fans, energy efficiency kits, home weatherization, and support from local community partners. The company also launched Single Stop, a free program connecting households in need with financial assistance.
Key initiatives include:
- Donating over $2.8 million to The Power to Care program
- Providing 3 million customers access to Single Stop
- Awarding $83,250 in grants for free resources
- Distributing 3,900 free electric fans and 900 energy efficiency kits
- Weatherproofing over 200 low-income homes
Entergy offers various energy efficiency and bill help programs, including the Bill Toolkit website, Power to Care program, and Level Billing option.
Entergy has donated $3 million to help low-income customers become more energy efficient and save money on their bills during the severe summer heat. Through the 'Beat the Heat' program, customers received bill payment assistance, fans, energy efficiency kits, home weatherization, and support from local community partners. The company also launched Single Stop, a free program connecting households in need with financial assistance.
Key initiatives include:
- Donating over $2.8 million to The Power to Care program
- Providing 3 million customers access to Single Stop
- Awarding $83,250 in grants for free resources
- Distributing 3,900 free electric fans
- Weatherproofing over 200 low-income homes
Entergy offers various energy efficiency and bill help programs, including the Bill Toolkit website, myAdvisor for usage tracking, and Level Billing for consistent monthly bills.
Entergy 's Louisiana Distribution Operations Center played a important role in restoring power after Hurricane Francine. The center, described as the "nerve center and heartbeat of the grid" by manager Felton Coleman, coordinates restoration efforts across Louisiana. Employees analyze real-time data on large screens, managing information to ensure efficient and safe power restoration.
The center operates with a chain of command, assessing outages and determining solutions. Two-way communication between operators and field crews is constant. Thanks to this teamwork, Entergy restored power to over 90% of customers within three days after Francine. The storm response team peaked at 8,000 people, including frontline workers and support personnel working 16-hour days until all customers regained power.
Entergy Arkansas has launched new resources to help customers manage their electricity bills and save money during extreme summer heat. The company introduced an online Bill Toolkit that connects customers to bill management, energy efficiency, and financial assistance resources. Additionally, Entergy Arkansas now offers Single Stop, a service that helps connect customers to various financial resources beyond utility assistance.
Key features include:
- myAdvisor: Allows customers to set usage alerts and monitor daily energy consumption
- Flexible payment options like Pick-A-Date and Level Billing
- PaperFREE billing and AutoPay for convenient bill management
- Financial assistance programs such as LIHEAP and The Power to Care
- 'Beat the Heat' program providing bill payment assistance, fans, and energy efficiency kits
Entergy Arkansas aims to help customers cope with rising temperatures and increased electricity usage while maintaining some of the lowest electricity rates in the country.
Entergy New Orleans and Entergy Louisiana are helping customers manage high electricity costs during extreme summer heat with new tools and assistance programs. The company has launched an online Bill Toolkit connecting customers to resources for bill management, energy efficiency, and financial aid. Key features include:
- myAdvisor dashboard for tracking daily energy use and setting alerts
- Flexible payment options like Pick-A-Date and Level Billing
- PaperFREE billing and AutoPay for convenience
- 'Beat the Heat' program providing bill assistance and energy efficiency kits
- Partnerships with organizations offering financial aid to qualifying customers
Entergy aims to help customers control costs while maintaining some of the lowest electricity rates nationally. The company encourages customers needing additional options to reach out about payment arrangements or extensions.
Entergy Mississippi is taking proactive steps to help customers manage high electricity costs during extreme summer heat. The company has launched an online Bill Toolkit connecting customers to bill management, energy efficiency, and financial assistance resources. Key initiatives include:
1. myAdvisor dashboard for tracking energy usage and costs
2. Flexible payment options like Pick-A-Date and Level Billing
3. 'Beat the Heat' program providing assistance to low-income customers
4. Partnerships with local organizations for financial aid
Entergy Mississippi emphasizes its commitment to maintaining low electricity rates while helping customers control their energy usage and costs during periods of extreme temperatures.
Entergy Texas has launched a new Bill Toolkit to help customers manage energy usage and costs during the hot summer months. The toolkit provides resources for bill management, energy efficiency, and financial assistance. Key features include:
1. myAdvisor: Allows customers to set usage alerts and monitor daily energy consumption.
2. Flexible payment options: Pick-A-Date, Level Billing, PaperFREE billing, and AutoPay.
3. Beat the Heat program: Distributed 2,000 box fans and offered free A/C tune-ups in select areas.
4. Financial assistance programs: Power to Care, Single Stop, and Low Income Home Energy Assistance Program.
Entergy Texas aims to help customers stay cool while managing electricity costs, as cooling can account for over 50% of monthly electric bills.
Entergy New Orleans partnered with the New Orleans Women's and Children's Shelter for a back-to-school supply giveaway. The event provided students with backpacks filled with essential school supplies and offered various activities. The New Orleans Public Library was present to sign up families for library cards, and Entergy brought a bucket truck for hands-on exploration of electrical engineering. Nyka Scott, Entergy New Orleans' vice president of customer service, emphasized the company's commitment to community support. Dawn Bradley-Fletcher, CEO of the shelter, highlighted the event's significance in showing community care for the families they serve. The initiative demonstrates Entergy's ongoing dedication to giving back to the community and supporting local families.
Entergy has announced a 10-year, $20 million commitment to support Historically Black Colleges and Universities (HBCUs) in its service area. This initiative aims to empower HBCU students through academic scholarships, facility grants, workforce development programs, and internship experiences. The company's goal is to increase student retention, improve graduation rates, and expand post-graduation job opportunities.
Entergy has already invested over $7.4 million in HBCUs since 2018 for various improvements and programs. The new commitment will expand 'The Power of Prosperity' program, launched in 2023, which partners with Single Stop and Stackwell Capital to provide resources and investment accounts to HBCU students. This initiative is part of Entergy's broader strategy to develop a skilled, diverse workforce and contribute to the economic development of the Gulf South region.
Entergy Texas has launched a new Bill Toolkit website to help customers manage energy usage and save money during the summer heat. The toolkit offers resources for energy efficiency and bill assistance programs. Through the Entergy Solutions program, customers can access services like AC tune-ups, LED bulbs, smart thermostats, and home assessments at little to no cost. The company also provides energy-saving tips such as changing air filters, setting thermostats to the highest comfortable temperature, and using fans efficiently. For those needing help with bills, the toolkit offers information on payment options and assistance programs like The Power to Care and the Comprehensive Energy Assistance Program (CEAP).
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