Entergy reported first-quarter 2026 earnings of $385 million, or 83 cents a share, up from $361 million, or 82 cents a share, a year earlier. On an adjusted basis, earnings rose to $399 million, or 86 cents a share, from $361 million, or 82 cents a share.
The utility business drove the increase. Its first-quarter earnings climbed to $540 million, or $1.17 a share, from $490 million, or $1.11 a share in the same period last year. Entergy said the gain was mainly tied to regulatory actions across its operating companies and returns on construction work in progress for certain utility plant investments. Those gains were partly offset by higher interest expense and higher depreciation and amortization.
Parent and other posted a larger loss, widening to $155 million, or 34 cents a share, from a loss of $129 million, or 29 cents a share. The company said the quarter included an $18 million non-cash impairment charge related to the expected sale of a non-utility business interest in the Independence power plant, as well as higher interest expense.
Entergy’s adjusted earnings per share rose 4 cents year over year to 86 cents. The company also said estimated weather impact swung to a negative 2 cents a share from a positive 5 cents a share a year ago.
The company affirmed its 2026 adjusted earnings guidance of $4.25 to $4.45 a share.
On the operating side, Entergy updated its four-year capital plan and adjusted EPS outlooks. It also said the Public Utility Commission of Texas approved an update to Entergy Texas’s transmission cost recovery factor rate, Entergy Texas filed a grid cost recovery filing to place OCAPS investment in rates, and the Arkansas Public Service Commission approved Entergy Arkansas’s 600-megawatt Arkansas Cypress solar project with 350 megawatts of battery storage.
In Louisiana, Entergy filed an application under the state’s Lightning initiative for investments tied to a new 20-year electric service agreement with EVEST LLC, a subsidiary of Meta Platforms. Mississippi filed its annual formula rate plan, Arkansas submitted its base rate case and Generating Arkansas Jobs Act rider filings, and Mississippi passed legislation allowing securitization to finance Winter Storm Fern restoration costs. As a result of these announcements, the company's shares have moved -0.25% on the market, and are now trading at a price of $113.64. Check out the company's full 8-K submission here.
