Entergy Corp Stock Price, News & Analysis

Entergy Corporation participated in LIHEAP Action Day on February 15 and 16, 2023, in Washington, D.C., advocating for the federal Low Income Home Energy Assistance Program. Partnering with four action agencies, Entergy met with 24 congressional offices to highlight the importance of LIHEAP for low-income households facing rising energy costs, especially due to extreme weather and inflation. In Entergy's service areas, approximately 3.84 million households are eligible for LIHEAP, but only about 12% receive assistance. The company continues to host outreach events to increase LIHEAP awareness and support applications for energy assistance.

Entergy Louisiana and Entergy New Orleans announced the launch of a child savings account program called Kids to College, aimed at supporting low- and moderate-income families in Louisiana. The companies will donate $175,000 to help families establish savings accounts, providing a $50 match for eligible participants. Families must meet specific income thresholds and register through the Kids to College portal. The initiative, powered by an endowment in honor of former Chairman J. Wayne Leonard, underscores Entergy's commitment to enhancing education and community opportunities.

Entergy Louisiana has submitted a request to the Louisiana Public Service Commission to approve two solar projects totaling nearly 225 megawatts. The projects, located in Iberville and Ouachita Parishes, aim to enhance the company's renewable energy portfolio in response to customer demand. If approved, construction is set to begin in Spring 2024, with the Iberville facility operational by late 2025 and Sterlington Solar Facility by early 2026. This initiative aligns with Entergy's sustainability goals and builds on its existing 280 megawatts of renewable resources.

Entergy announced the election of two new board members, Gina Adams and John Black, enhancing its leadership with expertise in accounting and external affairs. Adams has nearly 40 years of experience in government and regulatory affairs, currently serving at FedEx, while Black has a similar tenure in public accounting, recently retiring from Deloitte & Touche. Both bring valuable insights to Entergy's board, aligning with the company's goal to strengthen its utility leadership. CEO Drew Marsh remarked their backgrounds will benefit stakeholders including customers and communities.

Entergy Corporation (NYSE: ETR) reported Q4 2022 earnings per share of 51 cents, marking a decline from $1.28 in Q4 2021. For the full year, reported EPS was $5.37, down from $5.54 year-over-year. The company initiated its 2023 adjusted EPS guidance in the range of $6.55 to $6.85. Key positive developments included regulatory approvals for multiple projects and recognition for sustainability efforts. However, financial metrics displayed substantial impacts from regulatory charges and rising operating expenses. Entergy remains focused on delivering value through clean energy and resilience initiatives.

Entergy Corporation (NYSE: ETR) is set to announce its 2022 financial results on February 16, 2023, before the market opens. A live webcast will be hosted by CEO Drew Marsh and CFO Kimberly Fontan at 10 a.m. Central time on the same day, with presentation materials available on their Investor Relations website ahead of the announcement. Entergy operates across several states, serving approximately 3 million customers and focusing on a cleaner, resilient energy future with carbon-free energy sources.