STOCK TITAN

Entergy Corporation 424B Filings

ETR NYSE

Every 424B that Entergy Corporation (ETR) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 424B covers the supplement that carries the terms of a priced offering, so if you follow ETR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ETR filings page.

Rhea-AI Summary

Entergy Corporation is issuing $1.5 billion of junior subordinated debentures in two tranches: $750 million due December 15, 2056 (Series 2026A) and $750 million due December 15, 2058 (Series 2026B). Both series pay a fixed 6.500% annual interest rate until their first reset dates (2036 for Series 2026A and 2033 for Series 2026B), then reset every five years to the Five-Year Treasury Rate plus 1.877% (Series 2026A) or plus 2.030% (Series 2026B), with a floor at 6.500%. Interest is payable semi-annually on June 15 and December 15, starting December 15, 2026. Entergy may defer interest for up to 10 consecutive years per deferral period and may redeem the debentures in specified windows, including optional, tax, rating-agency, and tax-credit driven redemptions. The debentures are unsecured and subordinated to about $4.869 billion of senior indebtedness and effectively subordinated to liabilities of subsidiaries. Expected net proceeds of about $1.483 billion will be used to repay commercial paper and $750 million 2.95% senior notes due 2026, and for general corporate purposes.

Rhea-AI Summary

Entergy Corporation plans to issue two series of long-dated junior subordinated debentures maturing on December 15, 2056 (Series 2026A) and December 15, 2058 (Series 2026B). The debentures pay fixed interest initially, then reset every five years to the Five-Year Treasury Rate plus a spread, with a floor equal to the initial rate.

The debentures are unsecured and contractually subordinated to Entergy’s Senior Indebtedness, which totaled $4.869 billion on an unconsolidated basis at June 30, 2026, and rank pari passu with about $2.5 billion of similar securities. They are also effectively subordinated to all liabilities of subsidiaries.

Interest is payable semi-annually on June 15 and December 15, starting December 15, 2026. Entergy may defer interest on a series for Optional Deferral Periods of up to 10 consecutive years, during which deferred interest compounds at the then-current rate and investors may owe tax on accrued income despite no cash payments.

Entergy may redeem a series at par (or small premiums) in several cases, including around the first interest reset date, upon certain adverse tax deductibility or tax credit events, or upon a rating agency methodology change affecting equity credit. The debentures will not be listed on any securities exchange and may lack an active trading market.

Net proceeds are expected to be used to repay outstanding commercial paper (approximately $1.682 billion outstanding at a 4.03% weighted average rate as of July 30, 2026), to repay $750 million of 2.95% senior notes due September 1, 2026, and for general corporate purposes.

Rhea-AI Summary

Entergy Corporation is offering 19,247,788 shares of its common stock through forward sale agreements with multiple financial institutions. The underwriters' public offering price is $113.00 per share and the initial forward sale price is $110.74 per share. Entergy will not initially receive proceeds from the shares sold by the forward sellers; net proceeds of approximately $2.132 billion (assuming full physical settlement) are estimated only upon physical settlement, which may occur on or before April 30, 2028. Shares outstanding before the offering were 457,886,847 (as of May 1, 2026). The forward sale agreements permit cash or net share settlement and include acceleration, hedge unwind and bankruptcy termination provisions that could produce substantial cash obligations, dilution on physical or net share settlement, or no proceeds on termination.

Rhea-AI Summary

Entergy Corporation is offering $2,175,000,000 of common stock through forward sale arrangements with multiple forward purchasers. The forward sellers will borrow and sell shares to the underwriters, and each forward sale agreement provides for settlement on or prior to April 30, 2028. We will not initially receive proceeds from shares sold by the forward sellers unless specific fallback events occur requiring the company to sell shares directly to the underwriters or the underwriters’ option is exercised and we elect direct issuance.

The prospectus lists 457,886,847 shares outstanding as of May 1, 2026 and shows pro forma outstanding shares after full physical settlement of the forward sale agreements of 476,572,415 shares (or 479,375,250 shares if the underwriters’ option is exercised in full). The forward sale price and settlement economics are adjustable daily based on an overnight bank funding rate, less a spread, and are reduced for expected dividends; cash or net share settlement alternatives are available and carry different cash and dilution outcomes.

Rhea-AI Summary

Entergy Corporation has filed a prospectus supplement to sell, pursuant to an existing sales agreement, up to $1,657,982,431 aggregate gross sales price of its common stock as an "at the market" offering, subject to the sales agreement terms and the issuer’s right to increase that aggregate amount.

The supplement describes combined issuance and forward sale mechanics with designated sales agents, forward sellers and forward purchasers, including potential physical, cash or net share settlement of forward sale agreements. The filing reports the last reported NYSE sale price of $102.39 per share on February 18, 2026 and states proceeds treatment and dilution risks tied to physical or net share settlement.

Rhea-AI Summary

Entergy Corporation (ETR) launched a $1.3 billion primary offering of junior subordinated debentures due June 15, 2056, split into $600 million Series 2025A and $700 million Series 2025B. Series 2025A pays 5.875% to June 15, 2031, then resets every five years to the Five-Year Treasury Rate plus 2.179%, with a floor at 5.875%. Series 2025B pays 6.100% to June 15, 2036, then resets every five years to the Five-Year Treasury Rate plus 2.013%, with a floor at 6.100%. Interest is paid semi-annually on June 15 and December 15, starting June 15, 2026.

The company expects approximately $1.285 billion in net proceeds, intended to repay up to $700 million of commercial paper and for general corporate purposes. These unsecured debentures rank junior to senior indebtedness and equal with pari passu securities, and Entergy may defer interest for up to 10 consecutive years per deferral period, with compounding. Optional redemptions are permitted around each series’ first reset date and thereafter on interest payment dates; tax and rating agency event redemptions are also provided. The securities will not be listed on an exchange.