Entergy Corp Stock Price, News & Analysis

Entergy Corporation announced the retirement of Steve McNeal, vice president and treasurer, effective spring 2022. Barrett Green, currently vice president, commercial operations, will succeed him. Green brings extensive experience, having been with Entergy since 1997. He holds degrees from the University of Mississippi, Virginia Tech, and Kellogg Graduate School. Entergy, headquartered in New Orleans, delivers electricity to 3 million customers across several states and boasts annual revenues of $10 billion.

Entergy Corporation (NYSE: ETR) reported Q3 2021 earnings per share (EPS) of $2.63, up from $2.59 in Q3 2020. Adjusted EPS increased to $2.45 from $2.44 year-over-year. The company narrowed its 2021 adjusted EPS guidance to $5.90-$6.10. Entergy's Utility segment contributed $570 million to earnings, with a notable increase from the prior year.

Entergy's quarterly dividend rose by 6% to $1.01 per share. The company was recognized for its leadership in reducing carbon emissions, receiving a 2021 Climate Leadership Award.

Entergy Corporation will have its Chairman and CEO, Leo Denault, and executive team participate in investor meetings from Nov. 7 to Nov. 9, 2021 at the 56th Edison Electric Institute Financial Conference. Handout materials for the event will be available on Entergy's Investor Relations website starting Nov. 6. Entergy operates in electric power production and serves 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, boasting a generating capacity of approximately 30,000 megawatts, including 7,000 megawatts of nuclear power.

Entergy Corporation has declared a quarterly dividend payment of $1.01 per share, marking a $0.06 increase. This dividend is payable on Dec. 1, 2021, to shareholders recorded by Nov. 15, 2021. Since 1988, Entergy has consistently paid dividends to its shareholders. The company, operating in the energy sector, delivers electricity to approximately 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, with annual revenues around $10 billion.

Entergy Corporation is set to release its third-quarter 2021 financial results on November 3 before market opening. A conference call will be held at 10 a.m. CT on the same day to discuss the earnings outcomes. Investors and the public can listen to the live webcast via the company's investor relations page or by calling 844-309-6569 with conference ID 8029888. Entergy serves around 3 million customers across several states and reported annual revenues of $10 billion.

Entergy Corporation (ETR) announced the restoration of power to approximately 932,000 customers, representing 98% of those affected by Hurricane Ida. The company deployed around 27,000 workers for restoration efforts. The storm caused significant damage, including over 30,500 distribution poles and an estimated $2.1 billion to $2.6 billion in restoration costs. Utility revenues are expected to decline by $75 million to $85 million due to outages. Despite this, Entergy maintains its adjusted earnings per share guidance for 2021 of $5.80 to $6.10.

The board of directors of Entergy Texas has declared a quarterly dividend of $0.336 per share on preferred stock, payable on October 15, 2021. Shareholders of record as of October 1, 2021 will receive this payment. Entergy Texas serves approximately 473,000 customers across 27 counties and is a subsidiary of Entergy Corporation, which has annual revenues of $10 billion. The company operates a clean power generating fleet, including 7,000 megawatts of nuclear power, contributing to its strong market position.

Entergy Corporation (NYSE: ETR) has announced plans to address the New Orleans City Council regarding future operational options for Entergy New Orleans, LLC. Four preliminary options are proposed, including a merger with Entergy Louisiana, a sale to another utility, a standalone company model, or municipalization. Entergy New Orleans serves 207,000 electric and 108,000 gas customers, representing approximately $633.8 million, or 6% of Entergy's total revenue. The decision from the City Council is expected soon following a vote on September 22, 2021.