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Entergy (ETR) stock

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NYSE: ETR NYSE Electric Utilities Next results ~February 11, 2027

D Fundamentals grade

Entergy is a US-listed company in the electric utilities industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$77

Valuation models combined (5)

Base case. Range ~$63–$80. Weighted average of 5 models (utility earnings model, forward price-to-earnings vs peers, justified price-to-book, residual income, dividend discount (two-stage)), the utility earnings model counting double.

Price vs value

Overvalued

The price is above our entire value range; our base value is 30% below it.

Price used: $109.87, November 2, 2026

Entergy valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 9 selling2 purchases and 18 sales by directors and officers, last 12 monthsInsider trades
  • Funds675 adding, 484 cuttingOf 82 active managers that changed their stake, 50 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Entergy files

10-Q filed July 31: Entergy

Model value +10.2%

Entergy's revenue reached $13.5bn over the twelve months to June 2026, a 9.5% rise on the prior year but a deceleration from the 11.4% growth recorded a quarter earlier. Profitability weakened on both counts: free-cash-flow margin dropped to -22.0% from -13.3% a year earlier, while operating margin narrowed to 22.9% from 27.1%. Adding to the pressure, the diluted share count climbed 4.9% year-on-year, diluting existing holders' stakes. Our model value has moved up, from $69.77 to $76.88 a share, yet this remains well below the current share price of $110. Given this gap, the rating stays at Sell.

Source: 10-Q filed July 31, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Entergy stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $13.3bn, up 11.4% on a year earlier, faster than 9.0% a quarter earlier. Free-cash-flow margin fell to -21.3% from -8.7% a year earlier. Operating margin narrowed to 23.1% from 26.1%. The diluted share count is up 4.8% on a year earlier, which dilutes existing holders. It passes 1 of our 6 financial-health checks. Our valuation models combined value is $68.85 a share, against a share price of $105.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 11, 2027 (estimated)

Entergy's trailing-twelve-month revenue grew 9.5% year on year, with a free-cash-flow margin of -22.0%. Where it lags: free-cash-flow margin of -22.0% ranks 21 of 24 electric utilities companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 81.0% while net income grew 2.1%: a 83pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Entergy's latest figures clears our strength thresholds.

Things to watch

  • Priced above our value. The share price of $109.87 is 30% above our value per share of $77.
  • Margins narrowing. Operating margin is down 4.2 points on a year ago.
  • Burning cash. Free cash flow was -22.0% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 4.9% in a year.
  • High debt. Long-term debt exceeds cash by $27.7bn, more than 1.5 times annual revenue.
  • Weak cash conversion. Free cash flow was -165% of net income over the last 12 months.

Latest results: FY2026 Q2

Filed July 31, 2026
Earnings per share
$1.98 against an average estimate of $1.70: beat by 16.5%
Revenue
$3.52bn, up 5.9% on a year earlier
Share reaction
-3.8% in the first session after the results on July 29, 2026, against +0.1% for the S&P 500
Guidance given
adjusted earnings per share guidance $4.25 to $4.45 (2026)
Next report
November 2, 2026; average EPS estimate $0.88

Entergy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.2%
  • 1 week+2.2%
  • 1 month+8.9%
  • This year+21.0%
  • 1 year+17.2%
  • 5 years+153.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$13.5B
Operating margin
22.9%
Net margin
13.3%
EPS (TTM, diluted)
$3.90

Growth

Revenue growth
+9.5%
Change in growth rate
−1.8 pts
Share count change
+4.9%

Cash

Free cash flow (TTM)
-$3B
FCF margin
-22.0%

Earnings

Last results
November 2, 2026
Next results (est.)
February 11, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Announcement
  4. Insider trade
  5. Results
  6. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Entergy valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$77
Price used
$109.03close November 3, 2026
Implied change
▼ 30%
Uncertainty
Low

How we got here: the combined value of 5 valuation models built for a business like Entergy (see the models table below and how they are combined) , with a 7.06% cost of equity. The models span ~$63–~$80; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value Entergy as an utility or power producer, with every model that fits that kind of business. Cost of equity 7.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.47 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Utility earnings model Net income growing 3% a year, discounted at 8%: for regulated investment that makes free cash flow negative. ~$79 ~$66–$100 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$79 ~$78–$98 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$80 ~$64–$110 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$63 ~$45–$92 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$78 ~$62–$100 Included
Combined value Weighted average of the models that apply: the primary model (utility earnings model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$77 ~$63–$80 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Entergy with utilities and power producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$25.55$29.61$32.75$47.26$40.77$47.76$49.45$46.44$72.43$90.79$109.87
Market value$9.1bn$10.7bn$12.0bn$18.6bn$16.4bn$19.3bn$20.3bn$19.7bn$31.3bn$40.9bn$50.6bn
+ Net debt (− = net cash)$13.6bn$15.9bn$17.6bn$19.4bn$22.2bn$26.6bn$26.5bn$26.1bn$28.1bn$29.0bn$30.8bn
Enterprise value$22.8bn$26.6bn$29.6bn$38.0bn$38.6bn$45.9bn$46.9bn$45.8bn$59.3bn$69.9bn$81.4bn
Multiples
Price / sales 0.8x1.0x1.1x1.7x1.6x1.6x1.5x1.6x2.6x3.2x3.8x
Price / earnings —26.0x14.2x15.0x11.8x17.2x18.4x8.4x29.6x23.2x28.2x
Price / free cash flow 4.5x4.1x5.1x7.4x6.7x9.0x—————
EV / EBITDA 17.4x7.7x11.8x10.6x9.6x12.0x11.6x9.8x12.1x12.7x14.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

27 /100

Weak moat

How hard Entergy's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Net income has been a median 2.2% of total assets over 10 years.

  • Durability 4 / 20

    Operating margin has been a median 15.1%; its worst year was -13.3%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 6 of 10 years, at a median 12.3% of revenue.

  • Discipline 5 / 20

    The diluted share count rose 22.0% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.41 +13% $14.5bn +12%
Next $5.11 +16% $15.3bn +5%

Next year's EPS estimate has moved +0.2% in 90 days, across 22 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.3% on 90 days ago. In the last 30 days, 3 analysts raised Entergy's forecast and 1 cut it.

Consensus EPS forecast Entergy, last 90 days
$4.20 $4.40 $4.60 $4.80 $5.00 $5.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.40 Current fiscal year, 60 days ago: $4.40 Current fiscal year, 30 days ago: $4.40 Current fiscal year, 7 days ago: $4.41 Current fiscal year, Now: $4.41 $4.41 Next fiscal year, 90 days ago: $5.10 Next fiscal year, 60 days ago: $5.10 Next fiscal year, 30 days ago: $5.10 Next fiscal year, 7 days ago: $5.10 Next fiscal year, Now: $5.11 $5.11

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.40$5.10
60 days ago $4.40$5.10
30 days ago $4.40$5.10
7 days ago $4.41$5.10
Now $4.41$5.11

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.70 $1.98 +16.5%
Jun 2026 $1.01 $1.03 +2.4%
Mar 2026 $0.84 $0.86 +2.3%
Dec 2025 $0.52 $0.51 −2.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 29, 2026
  • adjusted earnings per share guidance 2026 $4.25 to $4.45 Non-GAAP Maintained
    “Entergy affirmed its 2026 adjusted earnings per share guidance range of $4.25 to $4.45.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

24 analysts, Nov 2026
Buy1875%
Hold521%
Sell14%

Monthly trend

  1. Nov 2026414524
  2. Oct 2026414524
  3. Sep 2026413523
  4. Aug 2026413523

Counts of recommendations published by analysts covering Entergy, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.0%
of tradable shares
Days to cover
5.64
at average volume
Short interest, 1 month
−0%
to October 15, 2026
Held by institutions
99%
of shares
Held by insiders
0.2%
of shares
Employees
12,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +17.2%

$93.75 on October 31, 2025 to $109.87

ThenNowEffect
Revenue (last 12 months) $12.3bn $13.5bn +9.5%
Net margin 14.3% 13.3% −6.8%
P/E multiple 23.4x 28.2x +20.5%
Share count 439m 461m −4.7%

Biggest factor: p/e multiple.

Last 3 years +146.7%

$44.53 on November 3, 2023 to $109.87

ThenNowEffect
Revenue (last 12 months) $13.3bn $13.5bn +1.2%
Net margin 10.3% 13.3% +29.7%
P/E multiple 13.6x 28.2x +107.8%
Share count 417m 461m −9.5%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ETR+17%+4%−6%+56%+25%+21%
Industry peers (median)+19%−1%−4%+16%+16%+4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ETR50%58%33%75%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ETR−14%−22%−19%−8%−10%−16%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 42% from February 18, 2020 to March 23, 2020. Getting back needed a 72% gain, reached on April 20, 2022, 758 days after the low.

Price behaviour

52-week range
$89.57 – $116.66
From 52-week high
−5.8%
vs 50-day average
+5.2%
vs 200-day average
+2.8%
Volatility (1 year)
20%
Beta vs S&P 500
0.16

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 2 down
typical move ±3.7%
After a week
9 up, 2 down
typical move ±2.9%
After a month
8 up, 3 down
typical move ±5.1%
Results releasedNext dayS&P 500 next day5 days21 days
July 29, 2026 −3.8% +0.1% −4.9% −4.6%
April 29, 2026 +4.2% +1.0% +0.4% −3.1%
February 12, 2026 +4.9% −1.5% +3.8% +6.0%
October 29, 2025 +1.1% −1.1% +1.3% +3.3%
July 30, 2025 +2.5% −0.5% +2.3% +0.5%
April 29, 2025 −2.3% +0.7% −0.7% −2.5%
February 18, 2025 +5.9% +0.5% +3.6% +2.6%
October 31, 2024 +7.7% −1.5% +8.6% +14.9%
August 1, 2024 +4.2% −3.3% +1.1% +5.1%
April 24, 2024 +0.3% −0.4% +0.9% +3.2%
April 18, 2024 +3.5% −1.1% +4.2% +10.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Entergy’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Entergy in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Entergy
$11.5B $12B $12.5B $13B $13.5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $12.7B Revenue (TTM), FY23 Q4: $12.1B Revenue (TTM), FY24 Q1: $12B Revenue (TTM), FY24 Q2: $12.1B Revenue (TTM), FY24 Q3: $11.9B Revenue (TTM), FY24 Q4: $11.9B Revenue (TTM), FY25 Q1: $11.9B Revenue (TTM), FY25 Q2: $12.3B Revenue (TTM), FY25 Q3: $12.7B Revenue (TTM), FY25 Q4: $12.9B Revenue (TTM), FY26 Q1: $13.3B Revenue (TTM), FY26 Q2: $13.5B $13.5B

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $12.7B
FY23 Q4 $12.1B
FY24 Q1 $12B
FY24 Q2 $12.1B
FY24 Q3 $11.9B
FY24 Q4 $11.9B
FY25 Q1 $11.9B
FY25 Q2 $12.3B
FY25 Q3 $12.7B
FY25 Q4 $12.9B
FY26 Q1 $13.3B
FY26 Q2 $13.5B
Revenue growth, TTM YoY Entergy
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -3.9% Revenue growth, TTM YoY, FY23 Q4: -11.7% Revenue growth, TTM YoY, FY24 Q1: -13.7% Revenue growth, TTM YoY, FY24 Q2: -9.4% Revenue growth, TTM YoY, FY24 Q3: -6.6% Revenue growth, TTM YoY, FY24 Q4: -2.2% Revenue growth, TTM YoY, FY25 Q1: -0.2% Revenue growth, TTM YoY, FY25 Q2: 2.0% Revenue growth, TTM YoY, FY25 Q3: 7.3% Revenue growth, TTM YoY, FY25 Q4: 9.0% Revenue growth, TTM YoY, FY26 Q1: 11.4% Revenue growth, TTM YoY, FY26 Q2: 9.5% 9.5%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -3.9%
FY23 Q4 -11.7%
FY24 Q1 -13.7%
FY24 Q2 -9.4%
FY24 Q3 -6.6%
FY24 Q4 -2.2%
FY25 Q1 -0.2%
FY25 Q2 2.0%
FY25 Q3 7.3%
FY25 Q4 9.0%
FY26 Q1 11.4%
FY26 Q2 9.5%
Operating margin (TTM) Entergy
15% 20% 25% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 22.1% Operating margin (TTM), FY23 Q4: 21.6% Operating margin (TTM), FY24 Q1: 20.0% Operating margin (TTM), FY24 Q2: 18.7% Operating margin (TTM), FY24 Q3: 18.9% Operating margin (TTM), FY24 Q4: 22.3% Operating margin (TTM), FY25 Q1: 26.1% Operating margin (TTM), FY25 Q2: 27.1% Operating margin (TTM), FY25 Q3: 26.1% Operating margin (TTM), FY25 Q4: 24.7% Operating margin (TTM), FY26 Q1: 23.1% Operating margin (TTM), FY26 Q2: 22.9% 22.9%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 22.1%
FY23 Q4 21.6%
FY24 Q1 20.0%
FY24 Q2 18.7%
FY24 Q3 18.9%
FY24 Q4 22.3%
FY25 Q1 26.1%
FY25 Q2 27.1%
FY25 Q3 26.1%
FY25 Q4 24.7%
FY26 Q1 23.1%
FY26 Q2 22.9%
FCF margin (TTM) Entergy
-40% -30% -20% -10% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -34.1% FCF margin (TTM), FY23 Q4: -1.2% FCF margin (TTM), FY24 Q1: -12.9% FCF margin (TTM), FY24 Q2: -20.9% FCF margin (TTM), FY24 Q3: -1.3% FCF margin (TTM), FY24 Q4: -2.9% FCF margin (TTM), FY25 Q1: -8.7% FCF margin (TTM), FY25 Q2: -13.3% FCF margin (TTM), FY25 Q3: -14.3% FCF margin (TTM), FY25 Q4: -19.6% FCF margin (TTM), FY26 Q1: -21.3% FCF margin (TTM), FY26 Q2: -22.0% -22.0%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -34.1%
FY23 Q4 -1.2%
FY24 Q1 -12.9%
FY24 Q2 -20.9%
FY24 Q3 -1.3%
FY24 Q4 -2.9%
FY25 Q1 -8.7%
FY25 Q2 -13.3%
FY25 Q3 -14.3%
FY25 Q4 -19.6%
FY26 Q1 -21.3%
FY26 Q2 -22.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Entergy took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $12.9B
  2. Other operating costs $9.7B · 75.3%
  3. Operating income $3.2B · 24.7%
  4. Income tax $498M · 3.8%
  5. Interest and other $946M · 7.3%
  6. Net income $1.8B · 13.6%

Shares of revenue. Source: Entergy's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 10.7 11.5 11.2 10.3 10.8 11.1 11.0 10.9 10.1 11.7 13.8 12.1 11.9 12.9 13.5
EBITDA 3.6 3.5 3.3 3.1 1.3 3.4 2.5 3.6 4.0 3.8 4.0 4.7 4.9 5.5 5.5
Operating income 2.3 2.3 2.0 1.3 −0.8 1.4 0.5 1.4 1.8 1.8 2.1 2.6 2.7 3.2 3.1
Net income 1.2 1.3 1.3 0.8 −0.6 0.4 0.8 1.2 1.4 1.1 1.1 2.4 1.1 1.8 1.8
Diluted EPS $3.15 $3.33 $3.77 $2.38 −$1.63 $1.14 $2.31 $3.15 $3.45 $2.77 $2.68 $5.55 $2.45 $3.91 $3.90
Growth (year on year)
Revenue — +6.9% −2.3% −8.3% +5.3% +2.1% −0.6% −1.2% −7.0% +16.1% +17.2% −11.7% −2.2% +9.0% +9.5%
EBITDA — −0.5% −6.8% −7.1% −57.4% +162.9% −27.0% +42.3% +12.7% −4.7% +5.2% +15.7% +4.6% +12.8% −2.7%
Operating income — −0.8% −11.2% −35.4% −162.7% — −65.5% +196.3% +27.2% +4.3% +11.1% +27.7% +1.3% +20.8% −7.4%
Net income — +1.6% +7.7% −37.1% −168.9% — +106.2% +46.3% +11.9% −19.4% −1.4% +113.6% −55.2% +66.6% +2.1%
Diluted EPS — +5.7% +13.4% −37.0% −168.5% — +103.1% +36.1% +9.5% −19.7% −3.2% +107.1% −55.9% +59.6% −2.7%
Margins
EBITDA margin 33.2% 30.9% 29.4% 29.8% 12.1% 31.1% 22.8% 32.8% 39.8% 32.7% 29.3% 38.4% 41.1% 42.5% 40.4%
Operating margin 21.3% 19.7% 17.9% 12.6% −7.5% 12.3% 4.3% 12.8% 17.5% 15.7% 14.9% 21.6% 22.3% 24.7% 22.9%
Net margin 11.5% 10.9% 12.0% 8.2% −5.4% 3.7% 7.7% 11.4% 13.7% 9.5% 8.0% 19.4% 8.9% 13.6% 13.3%
Free-cash-flow margin 27.3% 34.2% 22.1% 24.1% 18.9% 23.5% 21.4% 23.1% 24.2% 18.2% −18.0% −1.2% −2.9% −19.6% −22.0%
Cash flow
Cash from operations 2.9 3.9 3.1 2.9 3.0 2.6 2.4 2.8 2.7 2.3 2.6 4.3 4.5 5.2 6.1
Capital spending 0.0 0.0 0.6 0.5 0.9 0.0 0.0 0.3 0.2 0.2 5.1 4.4 4.8 7.7 9.0
Free cash flow 2.9 3.9 2.5 2.5 2.0 2.6 2.4 2.5 2.4 2.1 −2.5 −0.1 −0.3 −2.5 −3.0
Stock-based pay 0.0 0.0 — — — — — — — — — — — — —
Free cash flow after stock pay 2.9 3.9 — — — — — — — — — — — — —
Balance sheet
Cash 1.7 1.3 0.7 0.5 1.2 0.8 0.5 0.4 1.8 0.4 0.2 0.1 0.9 1.9 3.9
Total debt 11.4 11.6 12.2 12.6 14.8 16.7 18.1 19.8 24.0 27.1 26.8 26.2 28.9 30.9 34.6
Net debt (negative = net cash) 9.7 10.3 11.5 12.1 13.6 15.9 17.6 19.4 22.2 26.6 26.5 26.1 28.1 29.0 30.8
Diluted shares 392m 376m 357m 355m 358m 361m 367m 394m 402m 404m 411m 425m 432m 450m 461m
Returned to shareholders
Dividends 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.8 0.8 0.9 1.0 1.1 1.1
Buybacks 0.6 0.9 0.2 0.0 0.0 0.0 — — — — — — — — —
Total returned 1.2 1.5 0.8 0.6 0.6 0.6 0.6 0.7 0.7 0.8 0.8 0.9 1.0 1.1 1.1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · June 30, 2026
What it owns · $79.0bn
Short-term assets $8.2bnLonger-term assets $70.8bn
What it owes, and who funded it · $27.2bn
Short-term liabilities $9.0bnShareholders' equity $18.2bn
  • Short-term assets cover short-term liabilities $8.2bn of assets due within a year against $9.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $3.9bn of cash against $33.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 181% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 213% to 181% over five years.
  • A year's operating cash flow covers at least 20% of debt $6.1bn of operating cash flow against $33.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $3.1bn against $1.5bn of interest.

From Entergy's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$1.1B
Diluted share count
+4.9%
year over year
Total shareholder yield
2.2%
dividends 2.2% + buybacks 0.0% of market value
Dividend payout ratio
64%
of net income paid out

Competitors: side by side with peers

Closest by revenue in electric utilities
Last 12 months unless stated ETR ES PEG FE WEC EIX Median
Revenue, last 12 months $13.5bn $14.0bn $12.3bn $16.2bn $10.3bn $18.6bn $9.4bn
Revenue growth, last 12 months 9.5% 7.8% 5.3% 12.2% 8.1% 2.6% 6.4%
Revenue growth, 3-year average 0.4% 3.4% 1.6% 8.0% 3.8% 3.7% 3.7%
Revenue growth, latest quarter 5.9% 2.3% −6.4% 9.9% 8.9% −15.0% 4.3%
Gross margin — — 66.5% — 65.9% — 65.9%
Operating margin 22.9% 21.5% 21.6% 14.9% 23.5% 31.8% 22.3%
Operating margin, 3-year average 22.9% 21.2% 23.8% 17.3% 23.6% 25.7% 22.4%
Net margin 13.3% 10.4% 14.3% 7.4% 17.5% 19.6% 13.3%
Cash from operations / revenue 45.1% 31.6% 26.4% 19.7% 37.2% 37.5% 27.0%
Free-cash-flow margin −22.0% 2.1% −1.4% −13.3% −7.4% −0.7% −10.0%
Free-cash-flow margin, 3-year average −18.8% −9.4% −3.8% −9.8% −2.3% −3.4% −8.2%
Stock pay / revenue — — — 0.1% — 0.2% 0.4%
Change in share count 4.9% 2.6% 0.0% 0.2% 2.3% 0.0% 1.7%

Median of all 25 companies we cover in electric utilities. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 electric utilities companies
Measure Company Peer median Rank
Revenue growth Growth 9.5% 6.4% 7 of 25
Change in growth rate Growth -1.8pp -0.1pp 20 of 25
Operating margin Profitability 22.9% 22.5% 11 of 24
Net margin Profitability 13.3% 13.3% 13 of 25
Free-cash-flow margin Cash generation -22.0% -10.0% 21 of 24
Long-term debt as % of assets Balance sheet 39.9% 40.9% 10 of 24
Change in share count Balance sheet 4.9% 1.7% 18 of 23

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Electricity Us Regulated $12.8B 98.7% ▲ 9.9%
Natural Gas Us Regulated $113M 0.9% ▼ 36.8%
Other $58.8M 0.5% ▼ 20.4%

From Entergy's 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$52.5B
Institutions reporting
1,322
Shares held vs prior quarter
▲ 5.7%
Positions opened / closed
120 / 74

Top buyers and sellers, Q2 2026: 675 institutions bought and 484 sold ; the biggest buyer was Barclays PLC (+3.4M shares) and the biggest seller Jpmorgan Chase & Co (−2.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $4.9B 42.3M 9.3% ▲ 3.3%
Vanguard Capital Management LLC $3.5B 30.5M 6.7% ▲ 3.8%
Vanguard Portfolio Management LLC $3.1B 26.9M 5.9% ▲ 5.1%
State Street Corp $2.9B 25.6M 5.6% ▲ 2.5%
Jpmorgan Chase & Co $2.9B 24.9M 5.5% ▼ 9.2%
Bank Of America Corp $2B 17.3M 3.8% ▼ 0.2%
Ameriprise Financial Inc $1.6B 14.1M 3.1% ▲ 17.2%
FMR LLC $1.5B 13.2M 2.9% ▼ 6.5%
Geode Capital Management, LLC $1.4B 12.2M 2.6% ▲ 2.8%
Morgan Stanley $1.1B 9.8M 2.1% ▲ 2.3%
Franklin Resources Inc $1.1B 9.5M 2.1% ▲ 43.5%
Clearbridge Investments, LLC $802M 7.0M 1.5% ▲ 1.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Entergy's complete shareholder register. Values are as reported by the filers ; 6 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $202,765 2 trades by 1 insider, last 12 months Insider sales History → $12.3M 18 trades by 9 insiders · 14% under pre-set plans
Net ▼ $12.1M net selling
Insider Date Trade Shares Price Value
Viamontes Eliecer 10% owner September 14, 2026 Sell 9,068 $103.93 $942,437
Landreaux Laura R 10% owner September 10, 2026 Sell 5,600 $106.20 $594,720
Ropp Ralph Lewis Director August 6, 2026 Buy 1,000 $106.08 $106,075
Chapman Jason SVP Chief Tech & Bus Servs Off July 30, 2026 Sell 9,447 $109.06 $1M
Cook-Nelson Kimberly EVP & Chief Operating Officer June 25, 2026 Sell pre-set plan 5,000 $115.00 $575,000
Fisackerly Haley 10% owner June 3, 2026 Sell pre-set plan 10,638 $110.00 $1.2M
Viamontes Eliecer 10% owner February 27, 2026 Sell 554 $106.30 $58,890
Viamontes Eliecer 10% owner February 27, 2026 Sell 1,820 $106.84 $194,449
Viamontes Eliecer 10% owner February 27, 2026 Sell 2,900 $106.23 $308,067
Hudson John O Iii Chief External Affairs Officer February 23, 2026 Sell 10,000 $104.79 $1M
Dinelli John C EVP and Chief Nuclear Officer February 20, 2026 Sell 5,372 $103.95 $558,419
Brown Marcus V Executive Legal Advisor to CEO February 13, 2026 Sell 21,428 $105.12 $2.3M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 10 trades and filings

No trades in Entergy disclosed in the last 12 months; 10 earlier trades on record.

  • John James(R-MI 10):Sale (full), $1,001 - $15,000, traded September 4, 2024, filed September 6, 2024
  • John James(R-MI 10):Purchase, $1,001 - $15,000, traded November 10, 2023, filed September 2, 2024
  • Lois Frankel(D-FL 22):Sale (full), $1,001 - $15,000, traded September 8, 2023, filed October 10, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 11, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • July 29, 2026
  • April 29, 2026
  • February 12, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Entergy was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Entergy in brief

What does Entergy do?
Entergy is a US-listed company in the electric utilities industry. Its financial year ends in December.
What is Entergy's stock ticker?
Entergy trades under the ticker ETR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Entergy's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Entergy reported revenue of $13.5B, 9.5% higher than a year earlier, according to its SEC filings.
What is Entergy's free cash flow?
Entergy's free-cash-flow margin is -22.0% of revenue over the trailing twelve months, ranking 21 of the 24 electric utilities companies we cover.
Who are Entergy's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Entergy's market cap?
On November 2, 2026, Entergy's market capitalisation was about $50.6B, with a price-to-earnings ratio of 28.2 and net debt of $30.8B. Market figures come from third-party market data and may be delayed.
Does Entergy pay a dividend?
Yes: Entergy paid $1.1B in dividends over the trailing twelve months, a dividend yield of 2.23% and a payout ratio of 63.6%.
How much debt does Entergy have?
Entergy's debt-to-equity ratio is 181.3%, from its latest balance sheet (213.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Entergy's competitors?
In our Electric Utilities peer group, the companies closest to Entergy are Eversource Energy, Public Service Enterprise Group, FirstEnergy, WEC Energy Group and Edison International. The side-by-side comparison below sets their revenue, margins and growth against Entergy's.
Are insiders buying or selling Entergy stock?
Over the last 12 months, Entergy's directors and officers reported 2 open-market purchases and 18 sales on Form 4. The insider trading page charts every trade.
When is Entergy's next earnings date?
Around February 11, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Entergy announces its own schedule.