Entergy tops Q3 profit estimates and revenue as sales rise

Entergy (ETR) said on Nov. 2 that third-quarter 2026 earnings were $940 million, or $1.98 per share, on both an as-reported and an adjusted basis. The result topped the $1.73 consensus estimate compiled by Finnhub.

Revenue of $4.37 billion also topped the $4.16 billion estimate, according to the company’s press release.

Entergy generates, transmits and distributes electricity to more than 3 million customers through operating companies in Arkansas, Louisiana, Mississippi and Texas.

Here's how the company did:

• Adjusted EPS: $1.98 vs. $1.53 a year earlier, against $1.73 expected, according to Finnhub
• Revenue: $4.37 billion vs. $3.81 billion a year earlier, against $4.16 billion expected, according to Finnhub

Entergy Chair and Chief Executive Officer Drew Marsh said the company “made very strong progress this quarter across customer, operational, regulatory, and financial aspects of our business.”

Marsh added that the company has “clear line of sight to deliver on our near- and long-term objectives.”

Segment results

The Utility business reported earnings attributable to Entergy of $1,079 million, or $2.28 per share, compared with $810 million, or $1.79 per share, a year earlier.

Higher retail sales volume, including the effects of weather, was a primary driver. The net effect of regulatory actions across several operating companies also added to earnings, as did return on construction work in progress for certain utility plant investments.

Higher interest expense, other operation and maintenance costs, and depreciation and amortization partly offset those gains.

Weather-adjusted retail sales rose 4.5% for the quarter. Residential sales grew 6.1%, and industrial sales grew 4.9%, driven by higher sales to data center and primary metals customers.

Parent & Other posted a loss attributable to Entergy of $139 million, or 29 cents per share, compared with a loss of $117 million, or 26 cents per share, a year earlier. The company said higher interest expense was the primary driver of the change.

2026 guidance

Entergy narrowed its 2026 adjusted earnings per share forecast to a range of $4.35 to $4.45, from the $4.25 to $4.45 range it affirmed on July 29. Adjusted earnings for the first nine months were $3.89 per share, compared with $3.40 a year earlier.

Other developments

The board declared a quarterly dividend of 68 cents per share, a six percent increase.

Entergy Arkansas announced an expansion of its service agreement with Google. The Orange County Advanced Power Station is operational and delivering power to Entergy Texas customers.

The Louisiana Public Service Commission approved Entergy Louisiana’s $1.2 billion Babel to Webre transmission project.