Welcome to our dedicated page for Entergy news (Ticker: ETR), a resource for investors and traders seeking the latest updates and insights on Entergy stock.
News and disclosures about Entergy Corporation (ETR) focus on its activities as a regulated utility holding company that produces, transmits and distributes electricity for approximately 3 million customers in Arkansas, Louisiana, Mississippi and Texas. Company news releases highlight capital investment programs, regulatory decisions, board and leadership changes, financial results and dividend actions, providing context for how Entergy manages its utility operations and growth strategy.
Investors and observers can expect frequent updates on grid reliability and capacity expansion initiatives. Examples include Entergy Arkansas’s “Next Generation Arkansas” plan, which addresses reliability improvements, new generation resources and economic development, and Entergy Texas’s STEP Ahead plan, which covers transmission projects, resiliency efforts and new power stations to support Southeast Texas growth. Entergy Louisiana news has described new combined-cycle natural gas facilities designed to strengthen reliability and support large customers such as data centers.
Entergy’s news flow also covers corporate governance and leadership developments, such as the election of new independent directors and planned executive retirements, as well as participation in industry events like the Edison Electric Institute Financial Conference. Regular earnings releases provide information on quarterly results, guidance ranges for adjusted earnings per share and key regulatory or project milestones.
Dividend announcements, preferred stock actions at subsidiaries such as Entergy Texas, and financing activities are additional recurring topics. Together, these items offer insight into Entergy’s financial policy, capital structure and long-term investment plans. For readers following ETR, this news page serves as a centralized view of the company’s operational, regulatory and financial developments across its multi-state utility footprint.
Entergy Mississippi has broken ground on the Delta Blues Advanced Power Station in Greenville, Mississippi, a $1.2 billion investment set to replace the retiring Gerald Andrus Steam Electric Station. The new 754-megawatt facility will power 385,000 homes across 45 counties when operational in 2028. The project will create over 300 construction jobs and employ 21 full-time personnel. The plant will use combined-cycle combustion turbine technology with natural gas as primary fuel, designed to support blended hydrogen for reduced carbon emissions.
Entergy has awarded $150,000 to Refill Jackson Initiative for their Refill Jackson Green Corps program, a new workforce training AmeriCorps initiative in Jackson, Mississippi. The 5-month program combines environmental stewardship with workforce development, enabling young adults to improve water quality along the Pearl River watershed, remove debris from flood-prone areas, and clean up West Jackson neighborhoods. Participants will earn construction credentials, stipends, and water quality testing certification from Mississippi State University's Extension Services. The funding comes through Entergy's Environmental Initiative Fund, which has been supporting environmental projects across the company's four-state service area since 2001.
Entergy announced its participation in the upcoming Edison Electric Institute Financial Conference, scheduled from November 10-12, 2024. CEO Drew Marsh and senior management will engage with investors during the event. The company will make meeting materials available on their investor relations website on November 8, 2024, accessible through the events and presentations section.
Entergy has been recognized among the top 25 workplace giving contributors for St. Jude Children's Research Hospital, with employee donations exceeding $230,000 through payroll contributions. The announcement was made on August 29, 2024, during the company's Northern Regional employee meeting.
The donations, matched dollar-for-dollar by company shareholders, span across Arkansas, Louisiana, Mississippi, and Texas. These contributions help St. Jude provide cutting-edge treatments at no cost to families, contributing to increasing childhood cancer survival rates from 20% to over 80% since 1962.
The recognition ceremony included a check presentation with executives from ALSAC, St. Jude's fundraising organization, highlighting Entergy's commitment to powering life beyond energy services through strategic community partnerships.
Entergy (NYSE: ETR) reported third quarter 2024 earnings per share of $2.99 on both as-reported and adjusted basis. The company narrowed its 2024 adjusted EPS guidance range to $7.15-$7.35 (pre-split). Key developments include approval of significant investments across operating regions, new solar projects, and a planned two-for-one stock split effective December 13, 2024. The Board declared a quarterly dividend increase of 6% to $1.20 per share. Third quarter consolidated earnings were $645 million, compared to $667 million in Q3 2023. The Utility business reported earnings of $787 million, while Parent & Other reported a loss of $(142 million).
Entergy has announced a quarterly dividend increase of $0.07 per share, bringing the total dividend payment to $1.20 per share. The dividend will be paid on December 2, 2024, to shareholders of record as of November 13, 2024. The company highlights its consistent track record of paying cash dividends to shareholders continuously since 1988.
Entergy announced it will release its third-quarter 2024 financial results before market opening on Thursday, October 31. The company will host a live webcast discussion at 10 a.m. Central time featuring CEO Drew Marsh and CFO Kimberly Fontan. Investors can access the webcast through Entergy's website or by dialing in. Presentation materials will be available on the company's website before market opens, and an archived replay will be accessible afterward on their Investor Relations page.
Entergy Texas has secured $53.75 million in federal funding from the Department of Energy's Grid Resilience and Innovation Partnerships program to enhance power grid resilience in Port Arthur, Texas. The project aims to improve service for approximately 7,000 homes and businesses by upgrading infrastructure, including burying 950 distribution structures, reinforcing 57 transmission structures, and installing a self-healing microgrid with battery storage. The initiative is expected to reduce outage times by 257 million minutes and save $74 million in storm recovery costs over 50 years. The project particularly benefits Port Arthur, where 94% of residents live in federally recognized disadvantaged areas.
Entergy celebrates National Hispanic Heritage Month by collaborating with Hispanic partners and community leaders to uplift Latino voices. Key highlights include:
- Entergy New Orleans and Entergy Louisiana honored as Corporate Partner of the Year at the Hispanic Chamber Excelencia Gala
- Sponsorship of a session at the 47th annual Congressional Hispanic Caucus Institute Leadership Conference
- Participation in Kids to College Hispanic outreach initiatives
Patty Riddlebarger, Entergy's vice president of corporate social responsibility, emphasized the importance of Latino representation in corporations. Community partners from Arkansas, Louisiana, Mississippi, and Texas were invited to the conference, along with college students representing the next generation of Latino leaders. Entergy remains committed to honoring Latino cultural contributions and investing in future leaders.
Entergy is sending power restoration teams to Florida in anticipation of Hurricane Milton's landfall. More than 1,000 employees and contractors currently supporting Hurricane Helene restoration efforts will be deployed, with approximately half remaining to support Helene restoration and the other half moving to Florida. Milton, currently a Category 5 hurricane, is forecast to make landfall as a Category 3 or 4, bringing catastrophic storm surge and damaging winds to the Florida Peninsula.
Louis Dabdoub, vice president of incident response, expressed gratitude for the team's ability to help and pride in the company's commitment to assisting industry peers. The deployment is part of long-standing mutual assistance agreements between utilities. Entergy participates in four different mutual assistance organizations, meeting bi-annually and providing labor and materials when needed.