# Entergy Corporation (ETR) Q2 2025 Financial Results Summary
Entered July 30, 2025 – Entergy Corporation has reported its second-quarter financial results for 2025. The company achieved notable financial performance metrics compared to the same quarter of the previous year.
### Key Financial Highlights
– **Earnings Overview**:
– **As-reported earnings**: $468 million, or **$1.05 per share**, up **919%** from $49 million or **$0.11 per share** in Q2 2024.
– **Adjusted earnings**: $468 million, or **$1.05 per share**, up **14%** from $411 million or **$0.96 per share** in Q2 2024.
– **Year-to-Date Results**:
– **As-reported earnings**: $829 million, or **$1.87 per share**, up **563%** from $124 million or **$0.29 per share** in the first half of 2024.
– **Adjusted earnings**: $829 million, or **$1.87 per share**, up **29%** from $641 million or **$1.50 per share** in the same period of 2024.
– **Weather Impact**:
– Estimated **weather impact** on earnings was **$38 million**, down **32%** from **$56 million** in Q2 2024.
### Business Segment Performance
– **Utility Business**:
– Earnings attributable to Entergy Corporation: **$599 million**, or **$1.34 per share**, up **36%** from $441 million or **$1.03 per share** in Q2 2024.
– Adjusted earnings in this segment were **$599 million**, representing a **8.3%** increase from $553 million in Q2 2024.
– Growth drivers included regulatory actions, higher retail sales volume, and increased other income.
– **Parent & Other**:
– Reported a loss of **$131 million**, or **$(0.29) per share**, an improvement of **67%** from a loss of **$(392 million)** or **$(0.91) per share** in Q2 2024.
– Adjusted loss decreased to **$131 million** from **$142 million** in Q2 2024.
### Operational Highlights
– Entergy updated its four-year capital plan and adjusted its **2027–2028 earnings per share** outlook.
– The company completed the **sale of natural gas distribution businesses** in New Orleans and Louisiana as of July 1.
– Secured significant growth opportunities in Arkansas and received regulatory approval in Texas for a **$188 million** distribution investment.
– Successfully navigated regulatory approvals related to generation and transmission resources to support new customer demands.
### Financial Guidance
– Entergy affirmed its **2025 adjusted EPS** guidance range of **$3.75 to $3.95**.
### Shareholder Returns
– The company declared a **quarterly dividend** of **$0.58** per share in this quarter.
– Share repurchase activities in form of equity forward settlements were also affected by stock price increases.
### Key Ratios and Metrics
– **Return on Equity** (ROE):
– **As-reported ROE**: **11.4%**, down **1.4%** from **12.8%** a year ago.
– **Adjusted ROE**: **11.5%**, improved by **1.1%** from **10.4%**.
– **Debt Metrics**:
– Total debt increased to **$30.52 billion**, up **5.8%** from **$28.85 billion** in 2024.
– **Total debt to total capital ratio** improved slightly to **65%**, down **1%** from the prior year.
This report emphasizes Entergy’s commitment to delivering value to shareholders and customers while effectively managing its financial and operational landscape. Further details can be found in the attached financial statements and appendices.
Here are the extracted tables in HTML format:
### Consolidated Statements of Income (Income Statement)
*Amounts in thousands*
| Second quarter 2025 | 2024 | Change | Year-to-date 2025 | 2024 | Change | |
|---|---|---|---|---|---|---|
| As-reported earnings | 468 | 49 | 419 | 829 | 124 | 704 |
| Less adjustments | – | -362 | 362 | – | -517 | 517 |
| Adjusted earnings (non-GAAP) | 468 | 411 | 57 | 829 | 641 | 187 |
| Estimated weather impact | 38 | 56 | -18 | 60 | 30 | 31 |
| (After-tax, per share in $) | ||||||
| As-reported earnings | 1.05 | 0.11 | 0.94 | 1.87 | 0.29 | 1.58 |
| Less adjustments | – | -0.85 | 0.85 | – | -1.21 | 1.21 |
| Adjusted earnings (non-GAAP) | 1.05 | 0.96 | 0.09 | 1.87 | 1.50 | 0.37 |
| Estimated weather impact | 0.08 | 0.13 | -0.04 | 0.14 | 0.07 | 0.07 |
### Consolidating Balance Sheet
*Amounts in thousands*
| Utility | Parent & Other | Consolidated | |
|---|---|---|---|
| ASSETS | |||
| CURRENT ASSETS | |||
| Cash | 114,331 | 49,693 | 164,024 |
| Temporary cash investments | 938,096 | 73,511 | 1,011,607 |
| Total cash and cash equivalents | 1,052,427 | 123,204 | 1,175,631 |
| Accounts receivable: | |||
| Customer | 839,379 | — | 839,379 |
| Allowance for doubtful accounts | -23,010 | — | -23,010 |
| Associated companies | 3,699 | -3,699 | — |
| Other | 248,730 | 4,728 | 253,458 |
| Accrued unbilled revenues | 595,617 | — | 595,617 |
| Total accounts receivable | 1,664,415 | 1,029 | 1,665,444 |
| Deferred fuel costs | 99,774 | — | 99,774 |
| Fuel inventory – at average cost | 163,164 | 7,761 | 170,925 |
| Materials and supplies | 1,623,125 | 4,593 | 1,627,718 |
| Deferred nuclear refueling outage costs | 103,072 | — | 103,072 |
| Current assets held for sale | 19,602 | — | 19,602 |
| Prepayments and other | 484,383 | -157,099 | 327,284 |
| TOTAL | 5,209,962 | -20,512 | 5,189,450 |
| OTHER PROPERTY AND INVESTMENTS | |||
| Investment in affiliates | 4,146,193 | -4,146,193 | — |
| Decommissioning trust funds | 5,833,432 | — | 5,833,432 |
| Non-utility property – at cost (less | 462,044 | 6,591 | 468,635 |
| accumulated depreciation) | |||
| Storm reserve escrow accounts | 303,479 | — | 303,479 |
| Other | 46,102 | 38,309 | 84,411 |
| TOTAL | 10,791,250 | -4,101,293 | 6,689,957 |
| PROPERTY, PLANT, AND EQUIPMENT | |||
| Electric | 72,129,984 | 202,666 | 72,332,650 |
| Natural gas | 78,182 | — | 78,182 |
| Construction work in progress | 5,013,725 | 1,210 | 5,014,935 |
| Nuclear fuel | 727,407 | — | 727,407 |
| TOTAL PROPERTY, PLANT, AND EQUIPMENT | 77,949,298 | 203,876 | 78,153,174 |
| Less – accumulated depreciation and | 27,997,656 | 149,914 | 28,147,570 |
| amortization | |||
| PROPERTY, PLANT, AND EQUIPMENT – NET | 49,951,642 | 53,962 | 50,005,604 |
| DEFERRED DEBITS AND OTHER ASSETS | |||
| Regulatory assets: | |||
| Other regulatory assets | 5,082,842 | — | 5,082,842 |
| Deferred fuel costs | 172,201 | — | 172,201 |
| Goodwill | 367,582 | — | 367,582 |
| Accumulated deferred income taxes | 20,288 | 4,489 | 24,777 |
| Non-current assets held for sale | 472,528 | — | 472,528 |
| Other | 442,929 | -64,730 | 378,199 |
| TOTAL | 6,558,370 | -60,241 | 6,498,129 |
| TOTAL ASSETS | 72,511,224 | -4,128,084 | 68,383,140 |
These tables have been extracted and formatted as requested.
