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Entergy
(NYSE:ETR)
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Rating:58Neutral
Price Target:
$112.00
â–¼(-3.41% Downside)
Action:Reiterated
Date:07/30/26
ETR’s score is driven primarily by a mixed financial profile: strong regulated profitability and improving operating cash flow are weighed down by high/rising leverage and structurally negative free cash flow from heavy capital spending. The latest earnings call provides a notable positive offset with affirmed guidance and raised multiyear growth outlook tied to large data-center-driven investment, though it also reinforces the importance of financing and execution. Technicals are a headwind as the stock trades below its 20/50/100-day averages, and valuation looks premium with a 28.22 P/E despite a ~2.34% dividend yield.
Positive Factors
Regulated profitability
Entergy's regulated utility model produces durable margins (TTM net margin ~13.6%, EBITDA ~44.5%), indicating steady earnings power under rate-recovery mechanisms. Strong margins support ongoing returns on invested capital and provide resilience through demand cycles and regulatory ratemaking.
Negative Factors
Elevated leverage
Entergy's debt-to-equity near 1.96 reflects meaningfully elevated leverage for a utility. High leverage reduces financial flexibility, raises refinancing sensitivity to rate moves, and constrains the company's ability to absorb cost overruns or pursue opportunistic investments without additional external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated profitability
Entergy's regulated utility model produces durable margins (TTM net margin ~13.6%, EBITDA ~44.5%), indicating steady earnings power under rate-recovery mechanisms. Strong margins support ongoing returns on invested capital and provide resilience through demand cycles and regulatory ratemaking.
Read all positive factors
Entergy Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue across different business units, highlighting which segments are driving growth and profitability, and where there may be challenges or opportunities.
Breaks down revenue across different business units, highlighting which segments are driving growth and profitability, and where there may be challenges or opportunities.
Data provided by:
The Fly
The FlyEntergy (ETR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$51.43B
Dividend Yield2.34%
Average Volume (3M)2.88M
Price to Earnings (P/E)28.2
Beta (1Y)0.22
Revenue Growth10.19%
EPS Growth-2.59%
CountryUS
Employees12,000
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)3.96
Shares Outstanding457,886,840
10 Day Avg. Volume2,515,721
30 Day Avg. Volume2,877,892
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)2.38
Price to Sales (P/S)3.16
P/FCF Ratio-14.64
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$124.14Price Target Upside7.07% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
EPS Forecast (FY)4.4
Revenue Forecast (FY)$13.99B
Entergy Business Overview & Revenue Model
Company Description
Entergy Corporation, headquartered in New Orleans, Louisiana, is a prominent American energy company primarily involved in generating and distributing electricity across the United States. Its operations are divided into two main divisions: Utilit...
How the Company Makes Money
Entergy makes money primarily through regulated utility operations and, to a lesser extent, related generation activities. (1) Regulated retail electric service: The company’s largest revenue stream comes from selling electricity to residential, c...
Entergy Earnings Call Summary
Earnings Call Date:Apr 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call was largely positive: management reported solid Q1 adjusted EPS ($0.86), strong industrial and retail sales growth (15% industrial; 6% retail in Q1), a transformational Meta agreement (fair-share value $2B and part of an estimated $7B of benefits), and materially expanded growth visibility (4-year plan to $57B, 8.5% retail CAGR through 2029). Operational wins (plant milestone, $30M transmission savings) and proactive financing/credit positioning (30% of equity need contracted; FFO-to-debt at or above 15%) support the outlook. Key risks noted include higher near-term costs (depreciation, taxes, interest), Q2 O&M pressure (+$0.15/share), large incremental capex that increases future financing and execution needs, and unresolved cost/risk challenges for new nuclear. On balance, highlights and growth drivers materially outweigh the noted challenges.Positive Updates
Strong Q1 Adjusted EPS and Guidance Momentum
Reported first quarter adjusted EPS of $0.86. 2026 guidance affirmed and management raised multi-year adjusted EPS outlooks (incremental +$0.20 for next year and +$0.50 by 2029 to $6.40). Management expects ~12% year-over-year adjusted EPS growth from 2028 to 2029 and similar for 2030.
Negative Updates
Higher Operating Costs and Financing Offsets
Quarterly results were partially offset by higher depreciation expense, higher taxes other than income taxes, and higher interest expense tied to financing capital expenditures. A higher share count from settling equity forwards also partially reduced per-share benefit.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Q1 Adjusted EPS and Guidance Momentum
Reported first quarter adjusted EPS of $0.86. 2026 guidance affirmed and management raised multi-year adjusted EPS outlooks (incremental +$0.20 for next year and +$0.50 by 2029 to $6.40). Management expects ~12% year-over-year adjusted EPS growth from 2028 to 2029 and similar for 2030.
Read all positive updates
Company Guidance
Management affirmed 2026 adjusted EPS guidance after reporting Q1 adjusted EPS of $0.86 and refreshed multiyear outlooks that now target roughly 8.5% compound annual retail sales growth through 2029 (driven by ~16% industrial growth), with Q1 industrial sales up 15% and overall retail sales up 6%; the company raised next‑year adjusted EPS by $0.20 and said the Meta‑driven investment adds about $0.50 of EPS by 2029 (to a 2029 adjusted EPS of ~$6.40) with ~12% year‑over‑year growth from 2028–2029. The customer‑centric four‑year capital plan was increased to $57 billion (up $14 billion q/q) reflecting >$15 billion of Meta‑related capital and seven CCCTs (in‑service 2030–2031); renewables/storage activity includes active RFPs >1,600 MW and ~4,500 MW in negotiation (roughly two‑thirds potentially owned), and the enterprise still has a 7–12 GW pipeline of prospective data centers plus >1,000 MW of ESAs signed YTD. Financially, Entergy plans $6.6 billion of equity against the four‑year plan (near the 10–15% target), has $1.9 billion already contracted (~30% of its four‑year need) leaving ~$4.7 billion to source, includes $3 billion of parent hybrids, expects FFO/debt at or above 15% (Moody’s metric) through the period, and highlighted customer/community metrics such as an estimated $7 billion of customer benefits (including $2 billion fair‑share value from the Meta deal, $140 million in energy‑efficiency commitments and $60 million in Power to Care—matched to $120 million by Entergy Louisiana); Mississippi storm costs are estimated at ~ $200 million for potential securitization.Entergy Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.48B | 12.95B | 11.88B | 12.15B | 13.76B | 11.74B |
| Gross Profit | 5.25B | 3.87B | 5.74B | 5.33B | 5.28B | 4.87B |
| EBITDA | 5.85B | 6.15B | 5.04B | 4.92B | 4.24B | 4.39B |
| Net Income | 1.82B | 1.77B | 1.06B | 2.36B | 1.10B | 1.12B |
Balance Sheet | ||||||
| Total Assets | 79.00B | 71.89B | 64.79B | 59.70B | 58.60B | 59.45B |
| Cash, Cash Equivalents and Short-Term Investments | 3.85B | 1.93B | 859.70M | 132.55M | 224.16M | 442.56M |
| Total Debt | 34.63B | 30.93B | 29.31B | 26.54B | 27.02B | 27.37B |
| Total Liabilities | 60.11B | 54.62B | 49.39B | 44.74B | 45.31B | 47.53B |
| Stockholders Equity | 18.45B | 17.14B | 15.30B | 14.84B | 13.19B | 11.86B |
Cash Flow | ||||||
| Free Cash Flow | -3.15B | -2.79B | -1.48B | -417.30M | -2.70B | -4.12B |
| Operating Cash Flow | 6.07B | 5.15B | 4.49B | 4.29B | 2.59B | 2.30B |
| Investing Cash Flow | -8.46B | -7.11B | -5.85B | -4.63B | -5.71B | -6.18B |
| Financing Cash Flow | 5.07B | 3.03B | 2.09B | 243.03M | 2.91B | 2.56B |
Entergy Technical Analysis
Negative
115.95
Price Trends
112.31
Negative
111.35
Negative
103.32
Positive
Market Momentum
0.58
Negative
57.75
Neutral
78.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ETR, the sentiment is Negative. The current price of 115.95 is above the 20-day moving average (MA) of 113.88, above the 50-day MA of 112.31, and above the 200-day MA of 103.32, indicating a neutral trend. The MACD of 0.58 indicates Negative momentum. The RSI at 57.75 is Neutral, neither overbought nor oversold. The STOCH value of 78.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ETR.
Entergy Risk Analysis
Entergy disclosed 41 risk factors in its most recent earnings report. Entergy reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Entergy Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $39.34B | 17.39 | 13.32% | 3.28% | 20.30% | 23.48% | |
66 Neutral | $37.01B | 22.50 | 11.99% | 3.19% | 8.93% | -0.59% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | $50.15B | 22.95 | 9.34% | 2.85% | 7.57% | 2.60% | |
62 Neutral | $48.41B | 17.27 | 9.76% | 3.45% | 4.58% | 1.43% | |
61 Neutral | $41.27B | 18.79 | 8.82% | 3.07% | 9.10% | 9.59% | |
58 Neutral | $51.43B | 28.22 | 10.63% | 2.17% | 10.19% | -2.59% |
* Utilities Sector Average
ETR
Entergy
107.79
20.73
23.81%
ED
Consolidated Edison
112.25
12.96
13.05%
EXC
Exelon
47.03
4.31
10.09%
PEG
Public Service Enterprise
77.75
-8.29
-9.63%
WEC
WEC Energy Group
111.29
6.46
6.16%
XEL
Xcel Energy
78.75
8.53
12.14%
Entergy Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
Entergy Reports Q2 Earnings, Strengthens Grid and Balance Sheet
Positive
Jul 29, 2026
On July 29, 2026, Entergy reported second quarter 2026 earnings of $483 million, or $1.03 per share, unchanged on an adjusted basis year over year but slightly lower than the prior period’s $1.05 per share. Utility earnings rose to $626 mill...
Business Operations and StrategyPrivate Placements and Financing
Entergy Raises Equity via Forward Sales to Strengthen Balance Sheet
Neutral
Jun 23, 2026
On June 22, 2026, Entergy settled its at-the-market forward sale agreements by delivering 2,057,826 shares of common stock, receiving approximately $126 million in cash proceeds and eliminating all outstanding forward sale obligations under its AT...
Business Operations and StrategyExecutive/Board Changes
Entergy Freezes Executive Retirement Benefits, Adjusts CEO Plan
Neutral
May 12, 2026
On May 7, 2026, Entergy’s Talent Compensation Committee approved amendments to its System Executive Retirement Plan to freeze benefits for participating executives, including CEO Andrew S. Marsh and the chief executives of Entergy Mississip...
Executive/Board ChangesShareholder Meetings
Entergy Shareholders Back Board, Auditors and Executive Pay
Positive
May 12, 2026
At its 2026 Annual Meeting of Shareholders held on May 8, 2026, Entergy shareholders elected 12 board nominees to serve until the 2027 meeting, signaling continued confidence in the company’s existing leadership. The vote tallies showed stro...
Business Operations and StrategyPrivate Placements and Financing
Entergy Launches Major Forward Equity Offering and Sale
Neutral
May 7, 2026
On May 5, 2026, Entergy entered into forward sale agreements with several major banks covering 19,247,788 shares of its common stock and simultaneously signed an underwriting agreement for a registered public offering of the same number of shares,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.