Entergy (ETR) Q3 2026 earnings summary

Executive summary

• Q3 2026 adjusted and as-reported EPS was $1.98, up from $1.53 YoY; net income attributable to common shareholders was $940.3M versus $693.8M.

• Strong sales, warm-weather effects, customer growth and regulatory actions supported results; 2026 adjusted EPS guidance narrowed to $4.35–$4.45, with longer-term outlooks affirmed.

• Data center and industrial demand, major construction progress and expanded investment plans underpin growth opportunities.

Financial highlights

• Q3 operating revenue was $4.365B versus $3.812B YoY; operating income was $1.481B versus $1.119B.

• 9M adjusted earnings were $1.821B, or $3.89/share, versus $1.522B and $3.40/share in 9M 2025; as-reported earnings were $1.808B, or $3.86/share.

• 9M operating cash flow was $4.957B, up $1.024B YoY; Q3 operating cash flow was $2.2B.

• Higher depreciation, taxes, financing costs, O&M, parent interest expense and diluted share count partly offset earnings gains.

Outlook and guidance

• 2026 adjusted EPS guidance narrowed to $4.35–$4.45; 2027–2030 adjusted EPS outlooks are $4.90–$5.20, $5.55–$5.85, $6.25–$6.55 and $7.05–$7.35, respectively.

• Adjusted EPS growth is expected to exceed 8% CAGR through 2030 versus 2025; 2027–2030 outlook remains in the upper half of the range.

• The 2027–2030 capital plan increased by ~$1.5B to $55B, including $600M for the Google expansion; expected earnings impact moves the outlook to the upper end of ranges.

• Data center interest of 7–12 GW and traditional industrial discussions of 3–5 GW could convert to agreements within 24 months; industrial sales growth outlook remains 16% for 2026–2030.

• Planned construction and capital investments total $17.240B in 2027, $16.370B in 2028, $11.930B in 2029 and $9.275B in 2030, excluding customer-advance-funded spending.