A Business at a Glance
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ENTERGY CORP /DE/
ETR
$52.1B
Mkt Cap
$115.95
+0.13%
ENTERGY CORP /DE/ (ETR) has a current P/E ratio of 29.7, compared to its historical median P/E of 17.3. The stock is currently considered Expensive based on its historical valuation range.
ENTERGY CORP /DE/ (ETR) has a 5-year average return on invested capital (ROIC) of 5.6%. This is below average and may indicate limited pricing power.
ENTERGY CORP /DE/ (ETR) has a market capitalization of $53.1B. It is classified as a large-cap stock.
Yes, ENTERGY CORP /DE/ (ETR) pays a dividend with a trailing twelve-month yield of 2.09%.
Based on historical P/E analysis, ENTERGY CORP /DE/ (ETR) appears expensive. The current P/E of 29.7 is 71% above its historical median of 17.3. The estimated fair value CAGR (P/E method) is 5.5%.
ENTERGY CORP /DE/ (ETR) operates in the Electric Services industry, within the Utilities sector.
ENTERGY CORP /DE/ (ETR) reported annual revenue of $12.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Entergy Corporation operates as a single reportable utility segment engaged in the generation, transmission, distribution, and sale of electric power across portions of Arkansas, Mississippi, Texas, Louisiana, and the City of New Orleans, with revenue primarily derived from retail electric sales to residential, commercial, and industrial customers. The company's business model is regulated cost-of-service utility operations, where rates are set by state regulatory commissions and the company earns returns on invested capital; the company also owns interests in non-nuclear power plants that sell electricity to wholesale customers and provides decommissioning services to non-affiliated nuclear facilities. Entergy's competitive positioning is strengthened by its long history of large industrial customer growth, standardized generation and transmission designs, and successful execution on major capital projects, while its geographic footprint in the Gulf South provides access to growing demand from data centers and traditional industries including LNG, petrochemicals, industrial gases, and primary metals. The company has divested its natural gas distribution businesses in Louisiana and New Orleans as of July 1, 2025, focusing capital on electric generation and transmission infrastructure to serve expanding customer loads. Entergy maintains rates well below the national average and has secured long-term customer commitments through electric service agreements that provide revenue stability and support capital investment planning across its service territory.
【Strong industrial demand acceleration】 Management expects retail sales to grow at approximately 8% compound annual growth through 2029, driven by 16% industrial growth as data center customers ramp up operations and traditional Gulf South industries expand. The company is executing a differentiated growth strategy with clear line of sight to capital deployment, having secured equipment orders for generation projects with expected commercial operations by 2032 and maintaining credit metrics at or above 15% FFO to debt throughout the forecast period. Entergy anticipates continued benefits from large customer electric service agreements, including minimum bill protections during construction phases and upside potential as customers reach full operational capacity, while managing transmission costs through generation sited near customer locations. The company plans to extend its full outlook to 2030 at its Investor Day and expects year-over-year adjusted earnings per share growth of approximately 12% from 2028 to 2029, with similar growth expected for 2030.
| Metric | Target | Period |
|---|---|---|
| Retail sales growth (CAGR) | approximately 8.5% | 2026-2029 |
| Industrial sales growth (CAGR) | 16% | 2026-2029 |
| Adjusted EPS | $3.91 | FY 2025 |
| Adjusted EPS growth (annual) | greater than 8% | 2025-2029 |
| Retail sales growth (CAGR) | 8% | 2025-2029 |
| Industrial sales growth (CAGR) | 15% | 2025-2029 |
| Capital plan | $41 billion | 2026-2029 |
| Adjusted EPS growth (year-over-year) | approximately 12% | 2028-2029 |
| Adjusted EPS growth (year-over-year) | approximately 12% | 2029-2030 |
| Capital plan | $40 billion | 2026-2029 |
| Industrial sales growth (four-year) |
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 13.3B | 12.9B | 11.9B | 12.1B | 13.8B | 11.7B |
| Net Income | 1.8B | 1.8B | 1.1B | 2.4B | 1.1B | 1.1B |
| EPS | $3.85 | $3.91 | $1.23 | $2.78 | $1.34 | $2.77 |
| Free Cash Flow | -2.8B | -2.5B | -350M | -146M | -2.5B | 2.1B |
| ROIC | 5.3% | 5.9% | 4.9% | 6.8% | 5.5% | 4.7% |
| Gross Margin | - | 46.3% | 41.1% | 38.9% | 28.7% | 39.8% |
| Debt/Equity | 1.96 | 1.84 | 1.94 | 1.81 | 2.06 | 2.33 |
| Dividends/Share | $2.42 | $2.44 | $1.15 | $1.09 | $1.03 | $1.93 |
| Operating Income | 3.1B | 3.2B | 2.7B | 2.6B | 2.1B | 1.8B |
| Operating Margin | 23.1% | 24.7% | 22.3% | 21.6% | 14.9% | 15.7% |
| ROE | 10.3% | 11.0% | 7.1% | 17.1% | 9.0% | 9.9% |
| Shares Outstanding | 458M | 450M | 862M | 849M | 823M | 404M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 9.6B | 9.3B | 10.8B | 11.1B | 11.0B | 10.9B | 10.1B | 11.7B | 13.8B | 12.1B | 11.9B | 12.9B | 13.3B |
| Gross Margin | 36.4% | 12.7% | 11.0% | 30.8% | 29.2% | 39.7% | 47.6% | 39.8% | 28.7% | 38.9% | 41.1% | 46.3% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 5.7B | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.0B | 7.7B | 7.2B | 7.7B | 7.7B |
| EBIT | 2.0B | -299M | -815M | 1.4B | 469M | 1.4B | 1.8B | 1.8B | 2.1B | 2.6B | 2.7B | 3.2B | 3.1B |
| Op. Margin | 20.9% | -3.2% | -7.5% | 12.3% | 4.3% | 12.8% | 17.5% | 15.7% | 14.9% | 21.6% | 22.3% | 24.7% | 23.1% |
| Net Income | 941M | -177M | -584M | 412M | 849M | 1.2B | 1.4B | 1.1B | 1.1B | 2.4B | 1.1B | 1.8B | 1.8B |
| Net Margin | 9.8% | -1.9% | -5.4% | 3.7% | 7.7% | 11.4% | 13.7% | 9.5% | 8.0% | 19.4% | 8.9% | 13.6% | 13.4% |
| Non-Recurring | 174M | 2.3B | 2.8B | 555M | 532M | 290M | 27M | 277M | 166M | 43M | 107M | 13M | 13M |
| Returns on Capital | |||||||||||||
| ROIC | 6.0% | -0.8% | -2.6% | 4.0% | 2.1% | 5.4% | 6.1% | 4.7% | 5.5% | 6.8% | 4.9% | 5.9% | 5.3% |
| ROE | 9.4% | -1.9% | -6.7% | 5.1% | 10.1% | 13.0% | 13.1% | 9.9% | 9.0% | 17.1% | 7.1% | 11.0% | 10.3% |
| ROA | 2.0% | -0.4% | -1.3% | 0.9% | 1.8% | 2.5% | 2.5% | 1.9% | 1.9% | 4.0% | 1.7% | 2.6% | 2.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 3.9B | 3.3B | 3.0B | 2.6B | 2.4B | 2.8B | 2.7B | 2.3B | 2.6B | 4.3B | 4.5B | 5.2B | 5.4B |
| Free Cash Flow | 1.8B | 790M | 218M | -984M | -1.6B | -1.4B | 2.4B | 2.1B | -2.5B | -146M | -350M | -2.5B | -2.8B |
| Owner Earnings | 1.8B | 1.2B | 1.6B | 1.1B | 202M | 509M | 367M | 260M | 526M | 2.2B | 2.1B | 2.8B | 3.0B |
| CapEx | 2.1B | 2.5B | 2.8B | 3.6B | 3.9B | 4.2B | 247M | 168M | 5.1B | 4.4B | 4.8B | 7.7B | 8.3B |
| Maint. CapEx | 2.1B | 2.1B | 1.3B | 1.4B | 2.0B | 2.2B | 2.3B | 2.0B | 2.0B | 2.1B | 2.2B | 2.3B | 2.3B |
| Growth CapEx | 0 | 384M | 1.4B | 2.2B | 1.9B | 2.0B | 0 | 0 | 3.1B | 2.4B | 2.6B | 5.4B | 5.9B |
| D&A | 2.1B | 2.1B | 1.3B | 1.4B | 2.0B | 2.2B | 2.3B | 2.0B | 2.0B | 2.1B | 2.2B | 2.3B | 2.3B |
| CapEx/OCF | 54.5% | 76.0% | 92.7% | 137.5% | 165.3% | 149.0% | 174.5% | 7.3% | 4.1% | 103.4% | 107.8% | 149.2% | 152.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 596M | 599M | 612M | 629M | 648M | 712M | 748M | 775M | 842M | 918M | 982M | 1.1B | 1.1B |
| Dividend Yield | 7.1% | 7.0% | 6.6% | 6.2% | 5.8% | 4.4% | 4.4% | 4.4% | 2.1% | 2.3% | 2.0% | 2.8% | 2.1% |
| Share Buybacks | 183M | 100M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 1.8% | 1.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | 67M | 117M | 143M | 125M | 65M | 50M | 75M | 57M | 182M | 65M | 80M |
| Debt Repayment | 2.3B | 3.5B | 5.3B | 1.6B | 7.0B | 7.6B | 8.2B | 4.8B | 6.0B | 5.1B | 5.1B | 3.5B | 3.5B |
| Balance Sheet | |||||||||||||
| Net Debt | 10.7B | 10.7B | 12.1B | 13.3B | 15.1B | 17.2B | 19.6B | 24.5B | 24.9B | 24.6B | 26.3B | 27.1B | 28.1B |
| Cash & Equiv. | 1.4B | 1.4B | 1.2B | 781M | 481M | 426M | 1.8B | 443M | 224M | 133M | 860M | 1.9B | 6.0B |
| Long-Term Debt | 12.4B | 13.1B | 14.5B | 14.3B | 15.5B | 17.1B | 21.2B | 24.8B | 23.6B | 23.0B | 26.6B | 27.9B | 31.2B |
| Debt/Equity | 1.42 | 1.53 | 1.92 | 2.08 | 2.05 | 1.96 | 2.20 | 2.33 | 2.06 | 1.81 | 1.94 | 1.84 | 1.96 |
| Interest Coverage | 3.2 | -0.5 | -1.2 | 2.1 | 0.7 | 1.9 | 2.3 | 2.2 | 2.2 | 2.6 | 2.2 | 2.3 | 54.0 |
| Equity | 10.0B | 9.3B | 8.1B | 8.0B | 8.8B | 10.2B | 10.9B | 11.6B | 13.0B | 14.6B | 15.1B | 16.9B | 17.3B |
| Total Assets | 46.4B | 44.6B | 45.9B | 46.7B | 48.3B | 51.7B | 58.2B | 59.5B | 58.6B | 59.7B | 64.8B | 71.9B | 75.8B |
| Total Liabilities | 36.3B | 26.1B | 37.8B | 38.7B | 39.4B | 41.5B | 47.3B | 47.7B | 45.5B | 45.0B | 49.6B | 54.9B | 939M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 10.2B | 9.4B | 8.2B | 8.0B | 8.7B | 9.3B | 9.9B | 10.2B | 10.5B | 11.9B | 12.0B | 12.7B | 12.8B |
| Working Capital | 541M | 977M | 484M | -1.8B | -2.5B | -2.6B | -2.5B | -2.6B | -2.3B | -2.7B | -1.7B | -2.0B | -350M |
| Current Assets | 4.4B | 4.1B | 3.7B | 3.3B | 3.0B | 3.0B | 4.6B | 3.6B | 4.1B | 3.7B | 4.4B | 5.8B | 7.8B |
| Current Liabilities | 3.8B | 3.1B | 3.2B | 5.0B | 5.4B | 5.6B | 7.1B | 6.2B | 6.4B | 6.4B | 6.1B | 7.8B | 8.2B |
| Per Share Data | |||||||||||||
| EPS | 2.61 | -0.50 | -1.63 | 1.14 | 2.32 | 3.15 | 3.45 | 2.77 | 1.34 | 2.78 | 1.23 | 3.91 | 3.85 |
| Owner EPS | 4.89 | 3.29 | 4.42 | 3.09 | 0.55 | 1.29 | 0.91 | 0.64 | 0.64 | 2.57 | 2.41 | 6.18 | 6.61 |
| Book Value | 27.77 | 25.95 | 22.57 | 22.14 | 24.13 | 25.95 | 27.15 | 28.82 | 15.75 | 17.22 | 17.50 | 37.63 | 37.89 |
| Cash Flow/Share | 10.79 | 9.23 | 8.38 | 7.27 | 6.51 | 7.15 | 6.68 | 5.70 | 3.14 | 5.06 | 5.21 | 11.45 | 8.99 |
| Dividends/Share | 1.66 | 1.67 | 1.71 | 1.75 | 1.79 | 1.83 | 1.87 | 1.93 | 1.03 | 1.09 | 1.15 | 2.44 | 2.42 |
| Shares Out. | 360.4M | 356.7M | 358.0M | 361.1M | 366.6M | 394.0M | 402.4M | 403.8M | 823.3M | 849.2M | 861.7M | 449.7M | 457.8M |
| Valuation | |||||||||||||
| P/E Ratio | 11.1 | N/A | N/A | 26.2 | 14.2 | 15.2 | 11.5 | 17.3 | 18.7 | 8.4 | 29.9 | 23.6 | 30.1 |
| P/FCF | 5.9 | 10.4 | 41.5 | N/A | N/A | N/A | 6.5 | 9.1 | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 11.5 | N/A | N/A | 19.6 | 63.1 | 27.5 | 21.5 | 24.9 | 22.9 | 17.5 | 22.5 | 22.0 | 26.4 |
| Price/Book | 1.0 | 0.9 | 1.1 | 1.3 | 1.4 | 1.8 | 1.5 | 1.7 | 1.6 | 1.4 | 2.1 | 2.5 | 3.1 |
| Price/Sales | 0.9 | 0.9 | 1.0 | 0.9 | 1.0 | 1.5 | 1.7 | 1.5 | 1.5 | 1.6 | 2.0 | 3.0 | 4.0 |
| FCF Yield | 16.9% | 9.6% | 2.4% | -9.1% | -12.9% | -7.3% | 15.4% | 11.0% | -12.0% | -0.7% | -1.1% | -6.1% | -5.3% |
| Market Cap | 10.4B | 8.2B | 9.1B | 10.8B | 12.1B | 18.8B | 15.9B | 19.4B | 20.6B | 19.9B | 31.5B | 41.5B | 53.1B |
| Avg. Price | 23.25 | 23.97 | 25.84 | 28.09 | 30.57 | 40.74 | 42.64 | 43.34 | 49.29 | 46.02 | 55.97 | 85.22 | 115.95 |
| Year-End Price | 28.99 | 23.13 | 25.32 | 29.87 | 32.90 | 47.83 | 39.52 | 47.98 | 50.23 | 46.84 | 73.20 | 92.24 | 115.95 |
ENTERGY CORP /DE/ passes 3 of 9 quality checks, indicating weak fundamentals.
ENTERGY CORP /DE/ trades at 29.7x trailing earnings, compared to its 15-year median P/E of 17.3x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 5.6% with a gross margin of 39.0%. Total shareholder yield (dividends) is 2.1%. At current prices, the estimated annualized return to fair value is +14.6%.
ENTERGY CORP /DE/ (ETR) has a net profit margin of 13.6%. This is a healthy margin.
ENTERGY CORP /DE/ (ETR) generated $-2.5 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
ENTERGY CORP /DE/ (ETR) has a debt-to-equity ratio of 1.84. This indicates higher leverage, which may increase financial risk.
ENTERGY CORP /DE/ (ETR) reported earnings per share (EPS) of $3.91 in its most recent fiscal year.
ENTERGY CORP /DE/ (ETR) has a return on equity (ROE) of 11.0%. This indicates moderate shareholder returns.
ENTERGY CORP /DE/ (ETR) has a 5-year average gross margin of 39.0%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for ENTERGY CORP /DE/ (ETR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ENTERGY CORP /DE/ (ETR) has a book value per share of $37.63, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects retail sales to grow at approximately 8% compound annual growth through 2029, driven by 16% industrial growth as data center customers ramp up operations and traditional Gulf South industries expand. The company is executing a differentiated growth strategy with clear line of sight to capital deployment, having secured equipment orders for generation projects with expected commercial operations by 2032 and maintaining credit metrics at or above 15% FFO to debt throughout the forecast period. Entergy anticipates continued benefits from large customer electric service agreements, including minimum bill protections during construction phases and upside potential as customers reach full operational capacity, while managing transmission costs through generation sited near customer locations. The company plans to extend its full outlook to 2030 at its Investor Day and expects year-over-year adjusted earnings per share growth of approximately 12% from 2028 to 2029, with similar growth expected for 2030.
Based on recent SEC filings and earnings calls, ENTERGY CORP /DE/ (ETR) has provided the following forward guidance: Retail sales growth (CAGR): approximately 8.5% (2026-2029); Industrial sales growth (CAGR): 16% (2026-2029); Adjusted EPS: $3.91 (FY 2025); Adjusted EPS growth (annual): greater than 8% (2025-2029); Retail sales growth (CAGR): 8% (2025-2029), plus 6 additional metrics.
| approximately 13% |
| 2025-2028 |
Retail sales growth (CAGR) (2026-2029): “We now expect approximately 8.5% compound annual retail sales growth through 2029, driven by 16% industrial growth.”
Industrial sales growth (CAGR) (2026-2029): “We now expect approximately 8.5% compound annual retail sales growth through 2029, driven by 16% industrial growth.”
Adjusted EPS (FY 2025): “our adjusted EPS for the year was $3.91”
Adjusted EPS growth (annual) (2025-2029): “Continue to expect greater than 8% adjusted EPS annual growth through 2029”
Retail sales growth (CAGR) (2025-2029): “Off of 2025 weather-adjusted results, we expect 8% retail sales compound annual growth, driven by 15% industrial growth through 2029.”
Industrial sales growth (CAGR) (2025-2029): “Off of 2025 weather-adjusted results, we expect 8% retail sales compound annual growth, driven by 15% industrial growth through 2029.”
Capital plan (2026-2029): “Our updated capital plan for 2026 through 2029 is $41 billion.”
Adjusted EPS growth (year-over-year) (2028-2029): “the 2028 to 2029 year-over-year adjusted earnings per share growth was 12%”
No recent press releases.