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Entergy
(NYSE:ETR)
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Rating:59Neutral
Price Target:
$112.00
â–²(5.42% Upside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by high and rising leverage and structurally negative free cash flow despite strong operating cash generation. Technicals are mixed with soft momentum, and valuation is relatively expensive at a ~27x P/E with a moderate yield. These are partially offset by a constructive earnings-call backdrop, including reaffirmed guidance, demonstrated financing actions, and a sizable data-center/industrial growth pipeline.
Positive Factors
Regulated rate-base model
Entergy’s regulated utility model supports recurring revenue recovery for prudent operating costs and infrastructure investment. Expanding the transmission and distribution rate base can provide a durable earnings foundation, while approved returns and regulatory mechanisms improve visibility across the planning horizon.
Negative Factors
Elevated and rising leverage
High and rising leverage reduces Entergy’s financial flexibility as it funds a large infrastructure program. Greater debt increases exposure to interest and refinancing costs, can constrain future capital allocation, and makes maintaining credit metrics more important if investment needs continue to grow.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated rate-base model
Entergy’s regulated utility model supports recurring revenue recovery for prudent operating costs and infrastructure investment. Expanding the transmission and distribution rate base can provide a durable earnings foundation, while approved returns and regulatory mechanisms improve visibility across the planning horizon.
Read all positive factors
Entergy Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue across different business units, highlighting which segments are driving growth and profitability, and where there may be challenges or opportunities.
Breaks down revenue across different business units, highlighting which segments are driving growth and profitability, and where there may be challenges or opportunities.
Data provided by:
The Fly
The FlyEntergy (ETR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$50.06B
Dividend Yield2.39%
Average Volume (3M)2.37M
Price to Earnings (P/E)27.1
Beta (1Y)0.25
Revenue Growth10.19%
EPS Growth-2.59%
CountryUS
Employees12,233
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)3.96
Shares Outstanding466,631,500
10 Day Avg. Volume2,191,629
30 Day Avg. Volume2,370,401
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)2.38
Price to Sales (P/S)3.16
P/FCF Ratio-14.64
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$124.79Price Target Upside17.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)4.4
Revenue Forecast (FY)$13.97B
Entergy Business Overview & Revenue Model
Company Description
Entergy Corporation, headquartered in New Orleans, Louisiana, is a prominent American energy company primarily involved in generating and distributing electricity across the United States. Its operations are divided into two main divisions: Utilit...
How the Company Makes Money
Entergy makes money primarily through regulated utility operations and, to a lesser extent, related generation activities. (1) Regulated retail electric service: The company’s largest revenue stream comes from selling electricity to residential, c...
Entergy Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
Overall the call conveyed a positive strategic and financial posture: management reaffirmed 2026 guidance, showcased a large data center and industrial pipeline, demonstrated strong liquidity and credit metrics, and highlighted measurable resilience and reliability improvements. Offsetting items include modest near-term pressure on EPS from weather normalization and rising operating/financing costs, several regulatory proceedings and localized opposition risks (e.g., New Orleans moratorium), and ongoing uncertainty around timing for large capital items like Cottonwood and potential new nuclear. On balance, the positives around pipeline, capital execution, and resilience progress materially outweigh the near-term headwinds.Positive Updates
Affirmed 2026 Adjusted EPS Guidance
Reported adjusted EPS of $1.03 for Q2 and management affirmed 2026 adjusted EPS guidance and the longer-term outlooks through 2030, signaling confidence in meeting targets despite quarter-to-quarter variability.
Negative Updates
Quarterly EPS Slightly Lower YoY
Adjusted EPS of $1.03 was slightly lower than the prior year quarter; management attributed the decline largely to weather normalization (warmer weather in 2025 boosted prior results).
Read all updates
Q2-2026 Updates
Positive
Negative
Affirmed 2026 Adjusted EPS Guidance
Reported adjusted EPS of $1.03 for Q2 and management affirmed 2026 adjusted EPS guidance and the longer-term outlooks through 2030, signaling confidence in meeting targets despite quarter-to-quarter variability.
Read all positive updates
Company Guidance
Entergy reaffirmed its 2026 adjusted EPS guidance and 5‑year outlook through 2030 after reporting Q2 adjusted EPS of $1.03, noting retail sales (ex‑weather) were positive with 10% industrial growth; management expects Q3 other O&M to be about $0.05–$0.10 higher year‑over‑year (assuming normal weather) and the bulk of year‑over‑year earnings improvement to occur in Q4 due to flex spending. On balance sheet and financing, Entergy completed a $2.175 billion equity‑forwards offering (≈60% of the 5‑year equity plan contracted), settled 8.7 million shares for $672 million, and targets FFO-to-debt at or above 15% through the outlook period. Growth and capacity metrics highlighted a 7–12 GW hyperscale pipeline plus 3–5 GW of traditional industrial interest, roughly 7.5 GW of plant‑island equipment on hand within a 10–17 GW opportunity set, and continued transmission build (~1,000 miles); signed data center agreements to date are expected to deliver about $7 billion in customer bill benefits. Operational and resilience metrics included >400 self‑healing networks serving >500,000 customers (avoiding >700,000 interruptions and ~80 million outage minutes), ~640 poles targeted for reinforcement to withstand up to 150 mph winds in St. Bernard, a $200 million Texas Energy Fund that brings Entergy Texas’ accelerated resilience plan to $337 million, and an expected Phase 1A resilience filing in Q3.Entergy Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.48B | 12.95B | 11.88B | 12.15B | 13.76B | 11.74B |
| Gross Profit | 5.25B | 3.87B | 5.74B | 5.33B | 5.28B | 4.87B |
| EBITDA | 5.85B | 6.15B | 5.04B | 4.92B | 4.24B | 4.39B |
| Net Income | 1.82B | 1.77B | 1.06B | 2.36B | 1.10B | 1.12B |
Balance Sheet | ||||||
| Total Assets | 79.00B | 71.89B | 64.79B | 59.70B | 58.60B | 59.45B |
| Cash, Cash Equivalents and Short-Term Investments | 3.85B | 1.93B | 859.70M | 132.55M | 224.16M | 442.56M |
| Total Debt | 34.63B | 30.93B | 29.31B | 26.54B | 27.02B | 27.37B |
| Total Liabilities | 60.46B | 54.62B | 49.39B | 44.74B | 45.31B | 47.53B |
| Stockholders Equity | 18.45B | 17.14B | 15.30B | 14.84B | 13.19B | 11.86B |
Cash Flow | ||||||
| Free Cash Flow | -3.15B | -2.79B | -1.48B | -417.30M | -2.70B | -4.12B |
| Operating Cash Flow | 6.07B | 5.15B | 4.49B | 4.29B | 2.59B | 2.30B |
| Investing Cash Flow | -8.46B | -7.11B | -5.85B | -4.63B | -5.71B | -6.18B |
| Financing Cash Flow | 5.07B | 3.03B | 2.09B | 243.03M | 2.91B | 2.56B |
Entergy Technical Analysis
Positive
106.24
Price Trends
109.87
Negative
110.59
Negative
104.46
Positive
Market Momentum
-0.62
Negative
48.48
Neutral
68.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ETR, the sentiment is Positive. The current price of 106.24 is below the 20-day moving average (MA) of 106.80, below the 50-day MA of 109.87, and above the 200-day MA of 104.46, indicating a neutral trend. The MACD of -0.62 indicates Negative momentum. The RSI at 48.48 is Neutral, neither overbought nor oversold. The STOCH value of 68.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ETR.
Entergy Risk Analysis
Entergy disclosed 41 risk factors in its most recent earnings report. Entergy reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Entergy Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $67.78B | 21.39 | 10.01% | 3.05% | 8.63% | -14.89% | |
68 Neutral | $93.74B | 18.05 | 9.88% | 3.56% | 6.33% | 8.98% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | $45.05B | 15.93 | 9.61% | 3.80% | 6.56% | 3.72% | |
62 Neutral | $101.36B | 21.13 | 12.61% | 3.41% | 6.40% | 6.90% | |
59 Neutral | $50.06B | 27.09 | 10.41% | 2.39% | 10.19% | -2.59% | |
54 Neutral | $57.91B | 22.78 | 8.89% | 4.06% | 21.98% | -0.39% |
* Utilities Sector Average
ETR
Entergy
107.27
22.55
26.62%
AEP
American Electric Power
124.50
20.19
19.35%
D
Dominion Energy
65.84
10.26
18.47%
DUK
Duke Energy
120.22
4.13
3.55%
EXC
Exelon
43.64
2.14
5.17%
SO
Southern Co
88.11
0.18
0.21%
Entergy Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Entergy Completes Major Forward Equity Settlement Enhancing Liquidity
Positive
Sep 2, 2026
On Sept. 2, 2026, Entergy Corporation completed the physical settlement of underwritten forward sale agreements it had entered on March 17, 2025, by delivering 11,145,984 shares of common stock and receiving about $913 million in cash proceeds. Fo...
Business Operations and StrategyPrivate Placements and Financing
Entergy Issues $1.5 Billion Long-Dated Subordinated Debentures
Positive
Aug 7, 2026
On August 4, 2026, Entergy Corporation entered into an underwriting agreement to issue $1.5 billion of junior subordinated debentures in two equal tranches maturing in 2056 and 2058, respectively, each carrying an initial fixed interest rate of 6....
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
Entergy Reports Q2 Earnings, Strengthens Grid and Balance Sheet
Positive
Jul 29, 2026
On July 29, 2026, Entergy reported second quarter 2026 earnings of $483 million, or $1.03 per share, unchanged on an adjusted basis year over year but slightly lower than the prior period’s $1.05 per share. Utility earnings rose to $626 mill...
Business Operations and StrategyPrivate Placements and Financing
Entergy Raises Equity via Forward Sales to Strengthen Balance Sheet
Neutral
Jun 23, 2026
On June 22, 2026, Entergy settled its at-the-market forward sale agreements by delivering 2,057,826 shares of common stock, receiving approximately $126 million in cash proceeds and eliminating all outstanding forward sale obligations under its AT...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.