Entergy Corp Stock Price, News & Analysis

Entergy New Orleans partnered with the New Orleans Women's and Children's Shelter for a back-to-school supply giveaway. The event provided students with backpacks filled with essential school supplies and offered various activities. The New Orleans Public Library was present to sign up families for library cards, and Entergy brought a bucket truck for hands-on exploration of electrical engineering. Nyka Scott, Entergy New Orleans' vice president of customer service, emphasized the company's commitment to community support. Dawn Bradley-Fletcher, CEO of the shelter, highlighted the event's significance in showing community care for the families they serve. The initiative demonstrates Entergy's ongoing dedication to giving back to the community and supporting local families.

Entergy has announced a 10-year, $20 million commitment to support Historically Black Colleges and Universities (HBCUs) in its service area. This initiative aims to empower HBCU students through academic scholarships, facility grants, workforce development programs, and internship experiences. The company's goal is to increase student retention, improve graduation rates, and expand post-graduation job opportunities.

Entergy has already invested over $7.4 million in HBCUs since 2018 for various improvements and programs. The new commitment will expand 'The Power of Prosperity' program, launched in 2023, which partners with Single Stop and Stackwell Capital to provide resources and investment accounts to HBCU students. This initiative is part of Entergy's broader strategy to develop a skilled, diverse workforce and contribute to the economic development of the Gulf South region.

Entergy Texas has launched a new Bill Toolkit website to help customers manage energy usage and save money during the summer heat. The toolkit offers resources for energy efficiency and bill assistance programs. Through the Entergy Solutions program, customers can access services like AC tune-ups, LED bulbs, smart thermostats, and home assessments at little to no cost. The company also provides energy-saving tips such as changing air filters, setting thermostats to the highest comfortable temperature, and using fans efficiently. For those needing help with bills, the toolkit offers information on payment options and assistance programs like The Power to Care and the Comprehensive Energy Assistance Program (CEAP).

Entergy Arkansas is supporting back-to-school initiatives with nearly $20,000 in charitable grants for school supplies, shoe drives, and free haircuts. The company's efforts span its 63-county service territory, with employee volunteers assisting in drop-offs and pickups at campuses. Partnerships include Hope Connectionz for haircuts, Boys and Girls Club for supplies distribution, and St. Mark Baptist Church for health fairs.

The company is also promoting its Kids to College savings plan, offering $50 free and up to $365 in matching funds for qualified customers. Upcoming school supply events are scheduled across various locations. Entergy Arkansas emphasizes its commitment to education and community support, including involvement in the Academies of Central Arkansas and STEM education initiatives.

Entergy recently organized poverty simulations to help employees better understand customer challenges in their service areas of Arkansas, Louisiana, Mississippi, and Texas. Over 140 employees participated in immersive role-playing scenarios set in the fictional "Realville, USA". Participants were assigned unique identities and faced real-life situations such as transportation issues, food access, and managing chronic illnesses.

The simulations, supported by the System Planning Organization, aimed to provide insight into the difficulties faced by individuals in need. Participants navigated four simulated weeks in 15-minute segments, dealing with scenarios like homelessness, unemployment, and navigating social services. The goal was to foster empathy, inspire perspective shifts, and cultivate advocates within the workforce to improve resources and support for customers and communities in need.

Entergy Nuclear team members participated in Jackson Public School District's annual 'Beautification Day' at North Jackson Elementary, their adopted school. Volunteers painted, planted, and power washed the school grounds, donated over $8,000 in school supplies, and presented a $20,000 grant. The grant will provide Virtual Reality headsets for classrooms in grades 1-5, enhancing immersive learning experiences. Principal Jocelyn Smith anticipates VR helping students maintain or gain proficiency on state tests and district assessments. Entergy adopted North Jackson Elementary in 2022, serving about 430 students from pre-K to fifth grade. This marks the third consecutive year of Entergy's participation in the district's annual event.

Entergy has secured naming rights to the STEM Center at Girl Scout DreamLab for the next five years, investing $50,000 in the partnership. This collaboration between Entergy and Girl Scouts Louisiana East (GSLE) aims to support young women in Science, Technology, Engineering, and Mathematics. The Entergy STEM Center will offer resources and programs to engage and educate Girl Scouts in various STEM areas, providing hands-on learning experiences.

Entergy's involvement extends beyond funding, demonstrating a strategic commitment to developing a future workforce with STEM skills. In 2023, Entergy also partnered with GSLE to design a sustainability event and patch program at Camp Marydale. This initiative aligns with both organizations' goals of empowering girls and creating a more inclusive and innovative future.

Entergy (NYSE: ETR) reported second quarter 2024 earnings per share of $0.23 on an as-reported basis and $1.92 on an adjusted basis. Key highlights include:

• Entergy Louisiana reached an agreement to extend and modify its formula rate plan
• SERI reached an agreement to resolve major litigation
• Entergy Texas filed for certificates to construct new power stations and solar facilities
• Entergy and NextEra announced a joint development agreement for up to 4.5 GW of solar and storage projects

The company affirmed its 2024 adjusted EPS guidance range of $7.05 to $7.35. Consolidated earnings for Q2 2024 were $49 million on an as-reported basis and $411 million on an adjusted basis, compared to $391 million in Q2 2023. Higher retail sales, regulatory actions, and lower pension costs were partially offset by higher operating and interest expenses.

Entergy has announced a 10-year, $20 million commitment to support Historically Black Colleges and Universities (HBCUs) and their students across Arkansas, Louisiana, Mississippi, and Texas. This expansion of Entergy's The Power of Prosperity program aims to enhance education, career readiness, and workforce development programs.

The commitment includes:

• Twenty $5,000 annual scholarships for high-achieving HBCU students
• An annual competitive grant program for facility improvements, research, and endowments
• 10 annual internships and targeted recruitment events at Entergy
• Partnerships with Single Stop for financial support and resources
• Seeded investment accounts and financial literacy education through Stackwell Capital

This initiative seeks to break down barriers to student success, equip students with tools for building multigenerational wealth, and develop future generations of the U.S. energy workforce.