Entergy Corp. (ETR)
NYSE:ETR
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Entergy
(NYSE:ETR)
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Rating:60Neutral
Price Target:
$119.00
▲(3.01% Upside)
Action:Reiterated
Date:05/13/26
ETR scores as a moderately attractive utility: strong earnings outlook and demand visibility from large industrial/data-center growth and the Meta agreement support the score, but structurally negative free cash flow and high leverage (with substantial incremental capex and financing needs) are meaningful constraints. Technicals are supportive on a multi-month basis, while valuation (P/E ~32.8 with a ~2.23% yield) tempers upside.
Positive Factors
Regulated utility profitability
Entergy's regulated operations generate strong margins (TTM net ~13.7%, EBITDA ~47.5%), delivering predictable, rate‑base backed earnings. That margin profile supports stable cash flows and resilience through demand cycles, underpinning durable utility economics and longer‑term earnings visibility.
Negative Factors
Elevated leverage
Entergy's meaningful leverage (debt ~$34.1B; debt‑to‑equity ~1.8x) constrains balance‑sheet flexibility and raises refinancing exposure. High absolute debt increases sensitivity to rising interest costs and reduces cushion for unexpected project overruns, limiting financial optionality over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated utility profitability
Entergy's regulated operations generate strong margins (TTM net ~13.7%, EBITDA ~47.5%), delivering predictable, rate‑base backed earnings. That margin profile supports stable cash flows and resilience through demand cycles, underpinning durable utility economics and longer‑term earnings visibility.
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
$50.17B
Dividend Yield2.64%
Average Volume (3M)3.65M
Price to Earnings (P/E)32.8
Beta (1Y)0.23
Revenue Growth12.03%
EPS Growth27.47%
CountryUS
Employees12,000
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)3.98
Shares Outstanding457,832,060
10 Day Avg. Volume5,320,525
30 Day Avg. Volume3,645,680
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 Cap1.63
Enterprise Value/Revenue6.15
Enterprise Value/Gross Profit14.19
Enterprise Value/Ebitda13.82
Forecast
1Y Price Target
$123.00Price Target Upside6.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering19
EPS Forecast (FY)4.4
Revenue Forecast (FY)$13.95B
Entergy Business Overview & Revenue Model
Company Description
Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment genera...
How the Company Makes Money
Entergy makes money mainly through two lines of business: (1) its regulated utility operations and (2) its wholesale/merchant power generation operations. In the regulated utility segment, Entergy earns revenue by selling electricity to residentia...
Entergy Earnings Call Summary
Earnings Call Date:Apr 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 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
74
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 | 13.29B | 12.95B | 11.88B | 12.15B | 13.76B | 11.74B |
| Gross Profit | 5.76B | 3.87B | 5.74B | 5.33B | 5.28B | 4.87B |
| EBITDA | 5.91B | 6.15B | 5.04B | 4.92B | 4.24B | 4.39B |
| Net Income | 1.80B | 1.77B | 1.06B | 2.36B | 1.10B | 1.12B |
Balance Sheet | ||||||
| Total Assets | 75.80B | 71.89B | 64.79B | 59.70B | 58.60B | 59.45B |
| Cash, Cash Equivalents and Short-Term Investments | 3.57B | 1.93B | 859.70M | 132.55M | 224.16M | 442.56M |
| Total Debt | 34.06B | 30.93B | 29.31B | 26.54B | 27.02B | 27.37B |
| Total Liabilities | 58.37B | 54.62B | 49.39B | 44.74B | 45.31B | 47.53B |
| Stockholders Equity | 17.35B | 17.14B | 15.30B | 14.84B | 13.19B | 11.86B |
Cash Flow | ||||||
| Free Cash Flow | -3.00B | -2.79B | -1.48B | -417.30M | -2.70B | -4.12B |
| Operating Cash Flow | 5.44B | 5.15B | 4.49B | 4.29B | 2.59B | 2.30B |
| Investing Cash Flow | -7.82B | -7.11B | -5.85B | -4.63B | -5.71B | -6.18B |
| Financing Cash Flow | 4.44B | 3.03B | 2.09B | 243.03M | 2.91B | 2.56B |
Entergy Technical Analysis
Positive
115.52
Price Trends
110.78
Positive
104.26
Positive
97.73
Positive
Market Momentum
-0.20
Positive
49.56
Neutral
47.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ETR, the sentiment is Positive. The current price of 115.52 is above the 20-day moving average (MA) of 113.10, above the 50-day MA of 110.78, and above the 200-day MA of 97.73, indicating a neutral trend. The MACD of -0.20 indicates Positive momentum. The RSI at 49.56 is Neutral, neither overbought nor oversold. The STOCH value of 47.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $39.25B | 11.12 | 8.82% | 3.44% | 9.10% | 9.59% | |
65 Neutral | $35.68B | 11.71 | 11.99% | 3.38% | 11.20% | -1.68% | |
65 Neutral | $48.76B | 22.29 | 9.34% | 3.09% | 7.57% | 2.60% | |
62 Neutral | $38.90B | 13.63 | 13.32% | 3.13% | 20.30% | 23.48% | |
60 Neutral | $50.17B | 32.76 | 10.63% | 2.64% | 12.03% | 27.47% | |
59 Neutral | $44.99B | 13.66 | 9.76% | 3.68% | 4.58% | 1.43% |
* Utilities Sector Average
ETR
Entergy
111.93
31.42
39.03%
ED
Consolidated Edison
106.30
4.46
4.38%
EXC
Exelon
44.87
1.82
4.22%
PEG
Public Service Enterprise
78.06
2.61
3.45%
WEC
WEC Energy Group
110.65
7.58
7.35%
XEL
Xcel Energy
79.86
12.08
17.83%
Entergy Corporate Events
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,...
Business Operations and StrategyFinancial Disclosures
Entergy Posts Higher Q1 2026 Earnings, Reaffirms Guidance
Positive
Apr 29, 2026
On April 29, 2026, Entergy reported first quarter 2026 earnings of $385 million, or $0.83 per share as reported, and $399 million, or $0.86 per share on an adjusted basis, modestly higher than the same period in 2025. Utility earnings rose to $540...
Executive/Board Changes
Entergy Announces Planned Transition of Chief Accounting Officer
Neutral
Mar 30, 2026
On March 25, 2026, Entergy announced that Senior Vice President and Chief Accounting Officer Reginald T. Jackson plans to retire from his roles at the close of business on May 31, 2026, as part of a planned leadership transition affecting Entergy ...
Business Operations and StrategyPrivate Placements and Financing
Entergy Expands At-The-Market Equity Distribution Program
Neutral
Feb 20, 2026
On February 20, 2026, Entergy expanded its at-the-market equity distribution program by adding Barclays Capital Inc. as an agent and forward seller and Barclays Bank PLC as a forward purchaser under an amended Sales Agreement covering its common s...
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.