Entergy Corp Stock Price, News & Analysis

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.

Entergy (ETR) has announced a quarterly dividend payment of $1.13 per share on its common stock. The dividend will be paid on Sept. 3, 2024, to shareholders of record as of Aug. 13, 2024. This announcement continues Entergy's long-standing tradition of providing consistent returns to its shareholders, as the company has maintained uninterrupted dividend payments since 1988. The declaration of this dividend by Entergy's board of directors demonstrates the company's commitment to delivering value to its investors and reflects confidence in its financial stability.

The New Orleans Super Bowl LIX Host Committee, Entergy, the New Orleans Saints, and the NFL Foundation have announced Impact 59 Powered by Entergy, a legacy grant program for Super Bowl LIX. This initiative aims to support local nonprofit organizations in the Greater New Orleans region, focusing on youth development, workforce training, education, health and wellness, and equity and inclusion.

The program will benefit organizations in ten parishes, with grants awarded based on need, merit, and proposed projects. Applications are being accepted until August 23. Super Bowl LIX, scheduled for February 9, 2025, at Caesars Superdome, is expected to bring an economic impact of around $500 million to Louisiana and attract 6,000 credentialed media members to New Orleans.

Entergy Louisiana is hosting a customer engagement event on July 25 in LaPlace to help customers manage their utility bills amid rising summer temperatures. The event, held in partnership with New Wine Christian Fellowship, will take place from 8-11 a.m. at 1929 W. Airline Hwy., Suite 1933.

Attendees can:

• Learn about energy efficiency programs
• Connect with financial assistance options
• Explore the new Bill Toolkit
• Receive free box fans and energy efficiency kits

The event will also provide information on security lighting and the Kids to College savings program. This initiative aims to support customers in conserving electricity while maintaining comfort and accessing available resources.

Entergy (ETR) has announced it will release its second-quarter 2024 financial results on August 1, 2024, before the market opens. The company will host a live webcast discussion at 10 a.m. Central time on the same day, 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 prior to the market opening. An archived replay of the webcast will also be accessible on Entergy's Investor Relations website.

Entergy Arkansas is hosting a customer assistance event on July 18, 2024, from 10 a.m. to 1 p.m. at 3701 Springer Boulevard in Little Rock. The event aims to help customers manage their utility bills and save money during hot summer temperatures. Attendees will learn about:

• Energy efficiency programs
• Financial assistance options like LIHEAP and The Power to Care Program
• The new Bill Toolkit
• Kids to College matching savings account program
• Electrical safety demonstrations
• Free legal guidance

Free box fans, energy efficiency kits, and other giveaways will be available. Customers unable to attend can explore the Bill Toolkit online for energy-saving tips and bill management options.

Entergy Texas has committed $125,000 to the American Red Cross to aid in the relief efforts for Hurricane Beryl, which has caused significant damage in Southeast Texas. This donation aims to support essential services such as shelter, food, and medical care for those affected by the Category 1 hurricane. The hurricane's impact has led to widespread devastation and displacement, highlighting the need for urgent assistance. Eliecer Viamontes, president and CEO of Entergy Texas, emphasized the company's dedication to community support during this critical time. For more details on Entergy Texas' recovery efforts, visit their online Storm Center.

Entergy emphasizes its commitment to customer affordability, sustainability, and social responsibility. The company highlights its efforts in leveraging federal funding opportunities to invest in resilient energy infrastructure and support disadvantaged communities. Entergy's initiatives include providing resources for education and career opportunities, particularly for minorities and historically marginalized populations. They propose a $15 billion plan to modernize the electrical grid, aiming to reduce restoration costs and disruption risks from major storms by 55%. Additionally, Entergy is targeting net-zero greenhouse gas emissions by 2050, transitioning to low- and zero-carbon energy sources. These strategic investments are designed to ensure reliable, clean, and affordable energy for their 3 million residential customers.