Entergy Stock Price, News & Analysis

Entergy Corporation (NYSE: ETR) is a Fortune 500 utility holding company that produces, transmits and distributes electricity for approximately 3 million customers through its operating companies in Arkansas, Louisiana, Mississippi and Texas. According to multiple company disclosures, Entergy is headquartered in New Orleans, Louisiana and operates in the utilities sector, with activities that include nuclear electric power generation as well as modern natural gas and renewable energy resources.

Entergy’s business is organized around regulated utility subsidiaries such as Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans and Entergy Texas. These operating companies provide retail electric service in their respective jurisdictions while being integrated into a broader regional power grid. Company statements note that Entergy is investing for growth and for improved reliability and resilience of its energy system, while working to keep energy rates affordable for its customers across these four states.

Core operations and generation mix

Entergy describes its core activities as producing, transmitting and distributing electricity. The company indicates that it is investing in cleaner energy generation like modern natural gas, nuclear and renewable energy. Entergy Arkansas highlights resources such as modern natural gas, nuclear and renewable energy, and Entergy Louisiana similarly references modern, efficient natural gas generation and infrastructure designed to strengthen reliability and support economic expansion. These disclosures underscore Entergy’s role in nuclear electric power generation alongside other fuel types.

Entergy’s operating companies are connected to broader regional transmission organizations. For example, Entergy Texas notes that its customers are connected to the Midcontinent Independent System Operator (MISO) power grid, a regional transmission organization that administers transmission systems across multiple U.S. states and Manitoba, Canada. This connection supports regional power flows, reliability and integration of generation resources.

Regulated utility footprint and customers

Entergy’s utility subsidiaries serve a diverse customer base across the U.S. South. Entergy Arkansas reports providing electricity to approximately 735,000 customers in 63 counties, while Entergy Louisiana reports serving more than 1.1 million customers in 58 parishes. Entergy Texas reports approximately 524,000 customers in 27 counties. Collectively, company disclosures state that Entergy’s operating companies serve around 3 million customers in Arkansas, Louisiana, Mississippi and Texas.

These operating companies function as regulated utilities subject to oversight by state public service commissions, such as the Arkansas Public Service Commission, the Louisiana Public Service Commission and the Public Utility Commission of Texas. Regulatory approvals are referenced for major generation and transmission projects, as well as for rate mechanisms and riders associated with economic development and resilience initiatives.

Nuclear generation and Grand Gulf

Entergy’s industry classification includes nuclear electric power generation, and company documents highlight its ongoing involvement in nuclear assets. A System Energy Resources, Inc. (SERI) filing describes ownership and leasehold interests in the Grand Gulf Nuclear Station (Grand Gulf). A long-standing Unit Power Sales Agreement (UPSA), as amended in 2025, allocates capacity, energy and related costs from Grand Gulf to Entergy Arkansas, Entergy Mississippi and Entergy New Orleans. The 2025 UPSA sets allocation percentages among these operating companies and confirms that Entergy Louisiana is no longer a party to the agreement.

To support Grand Gulf-related obligations, SERI and the affiliated operating companies entered into a 2025 Availability Agreement. This agreement provides assurances that SERI has adequate cash resources to cover operating expenses, interest costs and permanent shutdown costs in the event of a shortfall of funds from sales of capacity and energy under the 2025 UPSA and other sources. The agreement individually obligates Entergy Arkansas, Entergy Mississippi and Entergy New Orleans to make payments or subordinated advances in specified allocation percentages. The agreement is also used as additional security for certain series of first mortgage bonds through assignments to the mortgage trustee.

Capital structure and financing

Entergy uses a combination of common equity and long-term debt to finance its operations and capital program. Its common stock is listed on the New York Stock Exchange and NYSE Texas under the symbol ETR. In an 8-K filing dated November 7, 2025, Entergy reported entering into an underwriting agreement for the sale of junior subordinated debentures (Series 2025A and Series 2025B) under an existing shelf registration statement on Form S-3. These debentures were issued under an Indenture for Unsecured Subordinated Debt Securities and feature fixed interest rates for an initial period followed by reset rates linked to the Five-Year Treasury Rate, subject to minimum rate floors.

Another 8-K filing describes mortgage bonds issued by several Entergy subsidiaries, including Entergy Arkansas, Entergy Louisiana, Entergy Mississippi and Entergy New Orleans, with various long-dated maturities. The same filing details the termination of a prior Availability Agreement and related assignments that had provided additional security for certain bonds, and the concurrent execution of the 2025 Availability Agreement and its assignments to continue providing security for specified series of first mortgage bonds.

Regional investment programs and grid reliability

Entergy’s operating companies have outlined multi-year investment plans focused on reliability, capacity expansion and economic development. Entergy Arkansas announced the “Next Generation Arkansas” initiative, described as a comprehensive plan to strengthen reliability, expand energy supply, drive economic growth and keep power affordable. The plan addresses issues such as state growth requiring more power, more extreme weather affecting reliability, competitiveness for job-creating projects and cost pressures.

Under this Arkansas initiative, the company describes priorities that include reducing power outages, strengthening the grid, adding new generation resources and modernizing how power is delivered. Planned investments mentioned include new natural gas plants, solar plus battery storage facilities, upgrades to existing generation and renewal of the license for the Arkansas Nuclear One power plant, along with investments in more efficient plant equipment.

Entergy Texas references a long-term Southeast Texas Energy Plan known as STEP Ahead. This plan encompasses transmission lines such as the Cypress to Legend 500-kV line, the Southline-Jacinto line and the SETEX 500-kV line, as well as generation projects like the Legend and Lone Star power stations. The Texas Future Ready Resiliency Plan, Phase I, is described as a grid-hardening effort aimed at reducing outages and lowering storm restoration costs. Entergy Texas also notes a Texas Energy Fund grant intended to bolster grid resilience and reliability at no added cost to customers.

Entergy Louisiana describes construction of combined-cycle combustion turbine generation facilities, including the Franklin Farms Power Station, as part of investments in modern energy infrastructure. These facilities are intended to add highly efficient natural gas generation capacity, support economic expansion, provide operational flexibility to integrate renewable resources and contribute to system reliability.

Economic development and large customer partnerships

Entergy’s operating companies emphasize the connection between energy infrastructure and regional economic growth. Entergy Arkansas references partnering with state and community leaders to help drive job creation and capital investment over a multi-year period. The company links power system investments and site development to the state’s competitiveness for technology and industrial projects, noting that new large customers can help offset the costs of improvements for existing customers.

Entergy Louisiana highlights a collaboration with Meta related to a data center in north Louisiana. Company disclosures state that new generation facilities will play a critical role in supporting this development while ensuring reliable power for all customers. Under the agreement described, Meta funds the full cost of utility infrastructure required to interconnect and serve its data center, and its contributions toward system costs, including storm recovery, are projected to provide bill savings and resilience benefits for Entergy Louisiana customers over a multi-year period.

Entergy’s broader communications also reference a focus on attracting large industrial customers, using new policies and rate structures to help keep rates stable and predictable, and working with large customer partners to scale and accelerate energy affordability initiatives.

Corporate profile and governance

Entergy describes itself as a nationally recognized leader in sustainability and corporate citizenship, citing more than $100 million in economic benefits delivered each year to the communities it serves through philanthropy, volunteerism and advocacy. The company reports having approximately 12,000 employees across its service territories. It also notes long-term dividend payments on its common stock, with a continuous cash dividend history since 1988.

Recent 8-K filings document changes in board composition and senior leadership. For example, the board elected retired Admiral Frank Caldwell as an independent director, with service on the nuclear and operations oversight and talent and compensation committees. Another filing reports the election of R. Lewis Ropp as an independent director, with committee assignments on the audit and corporate governance committees. A separate news release announces the planned retirement of the executive vice president and general counsel and the reassignment of legal and external affairs responsibilities to other senior executives.

Risk management and regulatory environment

Entergy’s public filings include detailed discussions of regulatory, operational and financial risks. The company notes that its utilities operate under rate proceedings, formula rate plans and other cost recovery mechanisms, and that there are uncertainties associated with realizing the benefits of resilience plans, storm restoration cost recovery and changes in laws or regulations. Risks associated with operating nuclear facilities, including plant relicensing, operating and regulatory costs, and decommissioning trust values, are also highlighted.

In addition, Entergy references risks related to executing business strategies, meeting rapidly growing electricity demand from large customers such as data centers, and managing the impacts of such growth on customers and the business. Broader risk factors include potential impacts from extreme weather, cybersecurity threats, geopolitical events and other disruptions.

Stock information and investor focus

Entergy’s common stock trades under the symbol ETR on the New York Stock Exchange and NYSE Texas. The company communicates financial performance and outlooks through earnings releases, guidance ranges for adjusted earnings per share and participation in industry conferences such as the Edison Electric Institute Financial Conference. Entergy uses non-GAAP measures such as adjusted earnings and various leverage and liquidity metrics to supplement GAAP results, explaining that these measures are used internally for planning, analysis and discussions with stakeholders.

For investors and analysts, key areas of focus highlighted in Entergy’s disclosures include regulated utility earnings, capital investment plans in generation and transmission, regulatory decisions affecting cost recovery, nuclear operations and availability, and the company’s ability to support regional economic development while maintaining reliability and affordability for its customers.