Entergy (ETR) investor relations material

Executive summary

• Reported Q1 2026 adjusted EPS of $0.86, up from $0.82 in Q1 2025, with strong industrial and retail sales growth, major new customer agreements (notably Meta), and robust operating revenues of $3.19 billion, up 12% year-over-year.

• Launched the Fair Share Plus pledge, ensuring data centers pay for incremental and fixed costs, delivering $7 billion in estimated customer benefits and additional community investments.

• Signed over 1,000 MW of new electric service agreements across multiple industries, with a continued robust pipeline of 7–12 GW of potential data center customers not yet in the plan.

• Severe Winter Storm Fern in January 2026 caused $480 million in restoration costs and increased natural gas purchases, with regulatory mechanisms in place for cost recovery.

• Announced major hyperscale agreements in Louisiana, including Meta, expected to deliver $2 billion in customer savings and significant community investments.

Financial highlights

• Q1 2026 adjusted EPS was $0.86, as-reported EPS was $0.83, and net income attributable to shareholders rose to $384.9 million from $360.8 million in Q1 2025.

• Operating revenues increased to $3.19 billion, up from $2.85 billion, and operating cash flow rose to $829 million from $536 million year-over-year.

• Industrial sales grew 15% year-over-year, with overall retail sales up 6%.

• Utility segment delivered $540 million in adjusted net income for Q1 2026, up from $490 million in Q1 2025.

• Debt to capital ratio was 65.9% as of March 31, 2026, up from 64.3% at year-end 2025.

Outlook and guidance

• Affirmed 2026 adjusted EPS guidance at $6.25–$6.55, with a greater than 8% CAGR expected through 2029, and raised 2027–2029 adjusted EPS outlooks by $0.20–$0.50 per year.

• Expect 12% year-over-year adjusted EPS growth from 2028 to 2029, with similar growth anticipated for 2030.

• Planned capital investments of $16.8 billion in 2027, $15.4 billion in 2028, and $11.8 billion in 2029, focused on generation, transmission, and distribution projects.

• Expectation to issue $6.6 billion in equity through 2029, with $1.9 billion already settled or contracted.

• Full outlook to 2030 will be provided at Investor Day in June.