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.
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.
Entergy Corp (ETR) senior vice president Jason Chapman, SVP Chief Tech & Business Services Officer, reported multiple equity transactions on 2026-07-30. He exercised employee stock options covering 9,447 shares of common stock at strike prices of $49.54, $54.24 and $82.79, receiving an equal number of common shares. Chapman then sold 9,447 common shares at a weighted average price of $109.06 per share in trades executed between $109.04 and $109.14. Footnotes state the options were granted in 2023, 2024 and 2025 and vest in three equal annual installments beginning one year after each grant.
Entergy Corporation and its utility subsidiaries reported modest earnings growth while outlining very large grid and generation investment plans. Net income attributable to Entergy Corporation rose to $482.6 million for the second quarter of 2026 and $867.5 million for the first six months, up from $467.9 million and $828.7 million a year earlier. Utility operating revenues increased to $3.51 billion for the quarter and $6.68 billion year-to-date, driven by higher retail electric prices, fuel and rider recoveries, and stronger industrial demand, particularly from data centers and heavy industry, partly offset by the sale of Louisiana and New Orleans gas distribution businesses.
Winter Storm Fern in January 2026 caused about $450 million of restoration costs and sharply higher natural gas purchases, but management cites established regulatory mechanisms to seek recovery of these amounts. Entergy’s capital plan calls for $13.2 billion of investments in 2026 and rising to $16.8 billion in 2027, focused on new gas and renewable generation, transmission expansion, and resilience projects supporting rapid data center load growth. To fund this, the company is relying on significant debt and equity issuance, including junior subordinated debentures and forward equity sales, resulting in a consolidated debt-to-capital ratio of 65.2% and a planned $7 billion of equity issuance through 2030.
Entergy Corporation executive Kimberly Cook-Nelson, EVP & Chief Operating Officer, completed an open-market sale of 5,000 shares of Entergy common stock at $115 per share. The transaction was carried out under a Rule 10b5-1 trading plan adopted by the reporting person. After this sale, she continues to hold 30,770 shares directly, which include 104 shares acquired through the dividend reinvestment feature of Entergy’s equity ownership plans.
ETR filed a Form 144 notifying a proposed sale of 5,000 shares of Common Stock through Fidelity Brokerage Services LLC. The shares originate from restricted stock vesting events dated 01/17/2025 (3,160 shares), 01/25/2025 (1,078 shares) and 01/26/2025 (762 shares).
Entergy Corporation has advanced its equity financing plans by settling several forward sale arrangements tied to its common stock. These settlements convert previously arranged forward sales into issued shares and cash for the company.
On June 22, 2026, Entergy physically settled its at the market forward sale agreements by delivering 2,057,826 shares of common stock for approximately $126 million in cash proceeds, leaving no ATM forward sale agreements outstanding. The company also settled part of its underwritten forward sale agreements by delivering 6,650,417 shares of common stock for approximately $546 million. As of June 22, 2026, underwritten forward sale agreements remain outstanding for 11,145,984 shares of common stock, which, if physically settled at that date, would have generated proceeds of approximately $915 million, in addition to 19,247,788 shares subject to separate underwritten forward sale agreements executed on May 5, 2026.
Entergy Corp officer Haley Fisackerly exercised stock options and sold shares of company stock. On this Form 4, Fisackerly exercised employee stock options covering 10,638 shares of Entergy common stock at strike prices of $49.54 and $54.24 per share and sold 10,638 shares in open‑market transactions at a weighted average price of $110.00 per share under a pre‑arranged Rule 10b5‑1 trading plan. After these transactions, Fisackerly directly owned 14,182 Entergy common shares and indirectly held 10,131 shares through a 401(k) plan.
ENTERGY CORP /DE/ executive Patrick J. Stack Jr., the SVP & Chief Accounting Officer, filed an initial Form 3 showing his existing ownership in the company. The filing reports 15,280 shares of Entergy common stock held directly as of the reported date, with no new buy or sell transactions disclosed.