Key Highlights

  • Earnings attributable to Entergy were USD 940.3 million, or USD 1.98 per diluted share, versus USD 1.53 a year earlier.
  • Operating revenues rose to USD 4,365 million from USD 3,812 million, with electric revenues of USD 4,353 million.
  • Nine-month Earnings were USD 1,807.8 million, or USD 3.86 per diluted share, compared with USD 3.40.
  • Debt to Capital improved to 63.5% from 64.3% at year end, and net Debt to net capital was 60.3%.

Earnings Rise on Higher Revenues

Entergy Corporation (NYSE:ETR) reported third-quarter 2026 earnings attributable to the company of USD 940,315,000, or USD 1.98 per diluted share and USD 2.00 basic, compared with USD 693,800,000, or USD 1.53 diluted and USD 1.55 basic. Average diluted shares were 474.4 million versus 453.6 million.

Operating revenues were USD 4,365.2 million versus USD 3,812.0 million, with electric revenues of USD 4,352.9 million versus USD 3,797.2 million. Nine-month operating revenues were USD 11,076.4 million versus USD 9,987.7 million, and consolidated Net Income for nine months was USD 1,824.2 million versus USD 1,532.8 million. Revenues rose about 14.5%, and nine-month diluted EPS rose about 13.5%. Diluted shares were about 4.6% higher than a year earlier.

Cost Lines and Prior-Year Items

Fuel, fuel-related expenses and gas purchased for resale were USD 725.5 million versus USD 822.8 million, while purchased power rose to USD 464.0 million from USD 269.7 million. The effective income tax rate was 22.8% versus 22.7%, above the 21% federal statutory rate mainly on state income taxes and a provision for uncertain tax positions.

Comparisons are affected by prior-year items: USD 15 million of liquidated damages recognized by Entergy Mississippi after a counterparty terminated a purchased power agreement, USD 11 million of Bayou Power Station project costs expensed at Entergy Louisiana, and a USD 13 million write-off of retained Natural Gas plant Assets at Entergy New Orleans. Other income and deductions increased primarily because of a USD 14 million decrease in the elimination, for consolidation purposes, of intercompany Dividend income from affiliated preferred membership interests. Fuel costs fell about 12% while purchased power costs rose about 72%.

Balance Sheet and Storm Recovery

Debt to capital was 63.5% at September 30 versus 64.3% at December 31, or 63.3% excluding securitization bonds, and net debt to net capital excluding securitization bonds was 60.3% versus 62.6%. About 18.7% of debt is at the parent and 81.3% at the Utility segment.

Winter Storm Fern in January 2026 brought freezing temperatures, ice and wind that damaged infrastructure. Entergy Louisiana's restoration costs are included in its 2025 formula rate plan filing, and Entergy Mississippi made a storm cost recovery filing in October 2026.

The Nuclear Regulatory Commission is projected to issue an inspection report in the fourth quarter documenting Grand Gulf's return to Column 1, effective in the third quarter. In August 2026 the commission finalized a white finding of low safety significance tied to a service water pump at River Bend and placed the plant in Column 2.

Regulatory and Recovery Checkpoints

Nine-month Earnings Per Share of USD 3.86 compare with USD 3.40. Items to watch include storm cost recovery proceedings, Louisiana formula rate plan outcomes, the River Bend regulatory status and the trajectory of debt to capital.