Entergy Corp Stock Price, News & Analysis

Sempra Infrastructure announced a heads of agreement with RWE Supply & Trading for a long-term supply of approximately 2.25 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 1 project in Texas. This agreement supports energy security for U.S. allies in Europe and advances lower-carbon LNG objectives. The parties aim to finalize a 15-year definitive agreement and collaborate on reducing greenhouse gas emissions associated with LNG deliveries. The Port Arthur project aims for a capacity of around 13.5 Mtpa and is fully permitted.

On May 20, 2022, Entergy's Palisades Power Plant was safely shut down early, concluding over 50 years of electricity generation. This decision was based on monitoring a control rod drive seal. Originally scheduled for a May 31 closure, this move aligns with Entergy's strategy to exit the merchant power sector. The 800-megawatt plant achieved a record production run of 577 days before its closure. Following shutdown, the facility will be decommissioned by Holtec International. Approximately 180 employees will separate, while others will transition to new roles.

Entergy Corporation (NYSE: ETR) announced Q1 2022 earnings of $1.36 per share, down from $1.66 in Q1 2021. Despite a strong operational start, there was a decline in earnings attributed to higher operating expenses and interest costs. Key developments included significant investments in transmission upgrades totaling $186 million and a commitment to renewable resources with ongoing RFPs for 2,000 megawatts. The company reaffirmed its 2022 adjusted EPS guidance of $6.15 to $6.45, indicating a positive outlook despite evident challenges in its earnings performance.

Entergy will announce its **first-quarter 2022 financial results** on **April 27** before the market opens. A live webcast of the discussion will take place at **10 a.m. Central time**. Key executives, including **Leo Denault** and **Drew Marsh**, will be present. The webcast can be accessed via Entergy's investor relations page or by phone. Archived materials will be available until **May 4**. Entergy serves **3 million customers** across **Arkansas, Louisiana, Mississippi, and Texas**, focusing on a cleaner energy future.

Entergy has appointed John O. Hudson III as senior vice president of federal policy, regulatory, and government affairs, starting April 22, 2022. Reporting to Marcus Brown, he will lead efforts to secure federal funding from the $1.2 trillion Infrastructure Investment and Jobs Act, which allocates $62 billion for clean energy and resilience initiatives. Hudson will replace Mike Twomey, who is retiring. Hudson has a robust background in utility leadership, having previously led Nicor Gas Corporation and held key positions at Southern Company Gas.

Entergy has released its 2021 Integrated Report, highlighting its environmental, social, governance, and financial performances. The report emphasizes the company’s commitment to sustainability, including a goal of achieving net-zero carbon emissions by 2050 and plans to expand renewable energy capacity to 11,000 megawatts by 2030. Entergy reported adjusted earnings per share of $6.02, maintaining solid financial performance with consistent revenue growth.

Entergy's board has declared a quarterly dividend of $1.01 per share, payable on June 1, 2022, to shareholders of record by May 5, 2022. This marks the continuation of dividend payments since 1988, reflecting Entergy's commitment to delivering value to its investors.

On March 21, 2022, Entergy Texas, Inc. (NYSE: ETI-PR) announced a quarterly dividend of $0.3359375 per share on its preferred stock. This dividend is scheduled for payment on April 15, 2022, to shareholders of record as of March 31, 2022. Entergy Texas serves over 486,000 customers across 27 counties and is a subsidiary of Entergy Corporation (NYSE: ETR), which delivers power to 3 million families and businesses throughout the Gulf South region.

Entergy Corporation (NYSE: ETR) reported Q4 2021 earnings per share (EPS) of $1.28 (as-reported) and 76 cents (adjusted), a decline from Q4 2020's $1.93 and 71 cents, respectively. For full-year 2021, EPS was $5.54 as-reported and $6.02 adjusted, down from $6.90 and $5.66 in 2020. The company initiated 2022 adjusted EPS guidance of $6.15 to $6.45. Notable developments included new solar projects and partnerships aimed at enhancing renewable energy capabilities. Despite challenges, Entergy aims to invest in customer solutions and clean electrification for future growth.