Entergy Corp ETR

UtilitiesElectric Utilities & IPPsUnited States of America

Last close 109.87 USD on Nov 2, 2026, +21.0% year to date

Quant rating

Quant rating A Rank 9 of 90 in Utilities

Growth C 38 of 90
Valuation D 63 of 90
Quality C 40 of 90
Revisions A 3 of 90
Momentum A 12 of 90

Wall Street consensus Buy (2.00)Average target 119.85 USD +9.1%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 52.5B
Enterprise value: 83.6B
52-week range: 90.92 – 118.34
3-year range: 47.54 – 118.34
Dividend yield: 2.47%
Beta (5 years): 0.43
Shares outstanding: 478M
Next earnings: Nov 2, 2026

About the company

Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. The Company operates primarily through a single segment, Utility. The Utility segment includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans. The Utility segment includes five retail electric utility subsidiaries: Entergy Arkansas, LLC, Entergy Louisiana, LLC, Entergy Mississippi, LLC, Entergy New Orleans, LLC, and Entergy Texas, Inc. These companies generate, transmit, distribute, and sell electric power to retail and wholesale customers in Arkansas, Louisiana, Mississippi, and Texas. The Company owns and operates power plants with approximately 25,000 MW of electric generating capacity. It delivers electricity to approximately three million utility customers in Arkansas, Louisiana, Mississippi, and Texas.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	12,947	11,880	12,147	13,764	11,743	–
Revenue growth	9.0%	−2.2%	−11.7%	17.2%	16.1%	5.1%
EPS (basic, normalized)	3.91	3.65	3.38	3.21	3.01	–
EPS growth	7.1%	7.8%	5.5%	6.6%	–	–
Gross margin	–	–	–	–	–	–
Net margin	13.6%	8.9%	19.4%	8.0%	9.5%	11.9%
ROE	10.9%	7.0%	16.7%	8.7%	9.7%	10.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	4,205
Current ratio	1.18x
Long-term debt (mil)	33,670
Net debt (mil)	30,918
Total equity (mil)	20,111
Net debt / equity	1.54x
Net debt / EBITDA	5.39x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	12,947	+9.0%	6.5x	5,739	+16.3%	14.6x	3.91	+7.1%	28.1x
2026	13,990	+8.1%	6.0x	6,249	+8.9%	13.4x	4.41	+12.8%	24.9x
2027	15,355	+9.8%	5.4x	7,507	+20.1%	11.1x	5.10	+15.7%	21.5x
2028	16,952	+10.4%	4.9x	8,774	+16.9%	9.5x	5.80	+13.7%	18.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	13,990	+0.3%	+0.2%	+0.2%	4.41	+0.3%	+0.3%	+0.3%
2027	15,355	+0.1%	+0.2%	+0.8%	5.10	−0.1%	+0.1%	+0.8%
2028	16,952	+0.1%	+0.4%	+1.4%	5.80	+0.1%	+0.3%	+0.6%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	2,795	2,954	3,389	2,742	2,847	3,329	3,812	2,959	3,188	3,524
Sales mean (mil)	3,160	3,084	3,663	3,179	3,015	3,044	3,593	2,956	2,960	3,515
Surprise	−11.6%	−4.2%	−7.5%	−13.7%	−5.6%	+9.3%	+6.1%	+0.1%	+7.7%	+0.2%
EPS reported	0.54	0.96	1.50	0.66	0.82	1.05	1.53	0.51	0.86	1.03
EPS mean	0.75	0.88	1.49	0.64	0.69	0.92	1.45	0.52	0.86	1.04
Surprise	−28.4%	+9.1%	+0.6%	+3.7%	+19.4%	+14.1%	+5.9%	−2.2%	+0.3%	−0.5%

Peer comparison Electric Utilities & IPPs

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
ETR Entergy Corp	52.5B	5.39x	13.6%	2.77x	24.9x	21.5x	13.4x	11.1x
NEE NextEra Energy, Inc.	178.3B	8.16x	24.9%	2.90x	21.1x	19.4x	17.0x	14.5x
SO Southern Co	108.8B	5.56x	14.7%	2.75x	20.6x	19.2x	13.1x	12.0x
DUK Duke Energy Corp	100.1B	6.28x	15.2%	1.83x	19.1x	17.9x	11.8x	10.8x
CEG Constellation Energy Corp	91.1B	4.28x	9.1%	2.86x	21.2x	19.3x	13.4x	12.4x
AEP American Electric Power Company Inc	71.0B	6.40x	16.4%	2.16x	20.4x	18.8x	13.1x	11.7x
Mean		6.01x	15.6%	2.54x	21.2x	19.4x	13.6x	12.1x
Median		5.92x	15.0%	2.76x	20.9x	19.2x	13.2x	11.9x

Technical analysis

1M+8.9%
3M+2.7%
1Y+17.2%
3Y+145.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Entergy Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	12,947	11,880	12,147	13,764	11,743	10,114
Cost of revenue	1,354	986	1,118	1,718	1,444	1,088
Gross profit	11,592	10,893	11,029	12,047	10,299	9,025
Selling, general & administrative expenses	–	–	–	–	–	–
Research & development	–	–	–	–	–	–
Depreciation/amortization	2,078	2,013	1,845	1,761	1,684	1,613
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	12.8	107	42.7	−163	264	59.2
Other operating expenses	6,299	6,122	6,524	8,398	6,505	5,584
Operating income	3,202	2,651	2,618	2,051	1,846	1,769
Net interest income (expense)	−1,019	−852	−844	−988	−404	−393
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	88.3	−357	−103	−4.8	−131	−91.2
Net income before taxes	2,271	1,442	1,672	1,058	1,310	1,285
Provision for taxes	498	381	−691	−39.0	191	−122
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,773	1,061	2,362	1,097	1,119	1,407
Extraordinary items	–	–	–	–	–	–
Net income	1,773	1,061	2,362	1,097	1,119	1,407
EBIT, normalized	3,215	2,758	2,661	1,887	2,109	1,828
EBITDA, normalized	5,752	5,202	4,905	4,078	4,352	4,086
Basic EPS, normalized	3.91	3.65	3.38	3.21	3.01	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Entergy Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	1,929	860	133	224	443	1,759
Receivables	946	868	899	999	950	851
Total inventory	1,842	1,797	1,612	1,331	1,196	1,135
Prepaid expenses	425	233	213	191	157	196
Other current assets	665	637	805	1,350	878	618
Total current assets	5,807	4,396	3,661	4,095	3,624	4,560
Property, plant & equipment	53,336	47,847	44,253	42,844	42,602	39,196
Goodwill	368	368	374	377	377	377
Intangibles	–	–	–	–	–	–
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	12,380	12,179	11,416	11,279	12,852	14,106
Total assets	71,891	64,790	59,703	58,595	59,454	58,239
Liabilities
Accounts payable	2,566	1,929	1,567	1,778	2,610	2,739
Payable/accrued	–	–	–	–	–	–
Accrued expenses	417	390	334	357	319	323
Short-term debt	658	927	1,138	828	1,201	1,627
Current portion of long-term debt	2,395	1,396	2,116	2,323	1,052	1,176
Other current liabilities	1,788	1,468	1,241	1,085	1,008	1,195
Total current liabilities	7,823	6,111	6,396	6,369	6,191	7,061
Long-term debt	27,997	26,710	23,081	23,678	24,901	21,259
Minority interest	–	–	–	–	–	–
Other liabilities	18,837	16,565	15,263	15,263	16,438	18,740
Total liabilities	54,657	49,386	44,741	45,311	47,529	47,059
Shareholders' equity
Preferred stock	311	320	340	317	288	254
Common stock	5.8	5.6	2.8	2.8	2.7	2.7
Additional paid-in capital	8,979	7,834	7,795	7,633	6,766	6,550
Retained earnings (accumulated deficit)	12,698	12,014	11,940	10,502	10,241	9,897
Treasury stock	−4,758	−4,812	−4,953	−4,979	−5,040	−5,074
Other equity	−3.0	42.8	−162	−192	−333	−449
Total equity	17,234	15,404	14,963	13,284	11,925	11,181
Total liabilities & shareholders' equity	71,891	64,790	59,703	58,595	59,454	58,239

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Entergy Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	1,773	1,061	2,362	1,097	1,119	1,407
Depreciation, depletion & amortization	2,537	2,444	2,244	2,190	2,243	2,258
Deferred taxes	1,016	321	−708	−47.2	249	−131
Non-cash items	12.8	427	42.7	−163	264	26.4
Changes in working capital	−188	236	353	−491	−1,573	−870
Cash from operations	5,151	4,489	4,294	2,585	2,301	2,690
Investing activities
Capital expenditures	−7,941	−5,970	−4,747	−5,396	−6,422	−5,157
Other investing cash flows	832	121	118	−314	243	385
Cash from investing	−7,109	−5,849	−4,629	−5,710	−6,179	−4,772
Financing activities
Financing cash flow items	969	317	1,591	3,231	94.4	−7.5
Cash dividends paid	−1,092	−1,000	−937	−860	−793	−767
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	3,152	2,771	−411	535	3,261	4,190
Cash from financing	3,028	2,088	243	2,906	2,562	3,416
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	1,069	727	−91.6	−218	−1,317	1,333
Free cash flow	−2,791	−1,481	−452	−2,811	−4,121	−2,467

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.