olivLaw · US equity research
Entergy Corporation ETR
Electric Services · SIC 4911 · Vertical: Electric Services (SIC 4911)
Entergy is an integrated energy company engaged in power generation and delivery to retail customers in Arkansas, Louisiana, Mississippi and Texas. Annual revenues were 12.9 bn USD in 2025, and the company serves about 3.1 million Utility customers. In the second quarter of 2026 it reported adjusted EPS of 1.03 USD and affirmed 2026 guidance of 4.25-4.45 USD per share.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Entergy Corporation (ETR) stock was 111.90 USD (+2.74% on the day), with market capitalisation 51.2 bn USD, P/E 28.4 on diluted EPS of 3.93 USD over the last 12 months, dividend yield 2.22%, beta 0.33, 52-week range 91.19–117.91 USD. Latest reported quarter (Q1 2026): revenue of 3.2 bn USD (+12.0% YoY), net income of 390.8 m USD (+7.8% YoY), diluted EPS 0.83 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 69.9
- strong (55–70)
- Bollinger (20, 2)
- 101.34 – 111.96
- in the upper half of the band · %B 0.99 · band width 10.0%
- SMA 50 / 200
- 104.65 / 107.73
- mixed trend
- MACD (12, 26, 9)
- 1.88 / 1.38
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +11.0% | −1.1% | +12.1 pp | — |
| 3 months | +4.7% | −0.5% | +5.2 pp | — |
| 6 months | −0.9% | +4.4% | −5.3 pp | — |
| Year to date | +21.1% | +12.3% | +8.7 pp | — |
| 1 year | +16.3% | +13.5% | +2.7 pp | +2.2% |
| 3 years | +127.9% | +76.4% | +51.5 pp | +51.2% |
| 5 years | +114.7% | +63.7% | +51.0 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2026 · 31 Mar 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.0 bn | 3.4 bn | 2.7 bn | 2.8 bn | 3.3 bn | 3.8 bn | 3.0 bn | 3.2 bn |
| Operating income | 617.6 m | 1.1 bn | 669.6 m | 700.1 m | 837.4 m | 1.1 bn | 545.7 m | 572.2 m |
| Depreciation & amortisation | 559.6 m | 553.8 m | 566.8 m | 568.9 m | 579.2 m | 582.7 m | 574.8 m | 598.9 m |
| Interest expense | 289.6 m | 295.1 m | 298.9 m | 329.8 m | 322.1 m | 324.9 m | 359.9 m | 379.7 m |
| Pre-tax income | 85.4 m | 861.2 m | 398.1 m | 462.5 m | 610.4 m | 903.7 m | 294.7 m | 478.6 m |
| Income tax | 33.6 m | 215.5 m | 110.9 m | 100.0 m | 138.4 m | 205.3 m | 54.2 m | 87.8 m |
| Net income | 51.7 m | 645.8 m | 287.2 m | 362.4 m | 472.0 m | 698.4 m | 240.5 m | 390.8 m |
| Diluted EPS | 0.11 | 1.50 | 0.66 ≈ | 0.82 | 1.05 | 1.53 | 0.52 ≈ | 0.83 |
| Operating cash flow | 1.0 bn ≈ | 1.6 bn ≈ | 1.4 bn | 536.2 m | 1.3 bn ≈ | 2.1 bn ≈ | 1.2 bn | 829.0 m |
| Capex | 1.2 bn ≈ | 1.1 bn ≈ | 1.6 bn | 1.7 bn | 2.0 bn ≈ | 1.9 bn ≈ | 2.1 bn | 2.3 bn |
| Dividends paid | 241.3 m ≈ | 241.7 m ≈ | 257.7 m | 258.2 m | 258.5 m ≈ | 267.9 m ≈ | 289.5 m | 292.9 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 92 percentile of its own 36-quarter history (min 5.4, median 10.2, max 42.4; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.0 bn | 10.9 bn | 10.1 bn | 11.7 bn | 13.8 bn | 12.1 bn | 11.9 bn | 12.9 bn |
| Revenue YoY | −0.6% | −1.2% | −7.0% | +16.1% | +17.2% | −11.7% | −2.2% | +9.0% |
| Net income | 848.7 m | 1.2 bn | 1.4 bn | 1.1 bn | 1.1 bn | 2.4 bn | 1.1 bn | 1.8 bn |
| Net income YoY | +106.2% | +46.3% | +11.9% | −19.4% | −1.4% | +113.6% | −55.0% | +67.1% |
| Diluted EPS | 4.63 | 6.30 | 6.90 | 5.54 | 2.68 | 5.55 | 2.45 | 3.91 |
| Diluted EPS YoY | +103.1% | +36.1% | +9.5% | −19.7% | −51.6% | +107.1% | −55.9% | +59.6% |
| net % | 7.7% | 11.4% | 13.7% | 9.5% | 8.0% | 19.4% | 8.9% | 13.7% |
| Free cash flow | unavailable | unavailable | 2.4 bn | 2.1 bn | -2.5 bn | -146.3 m | -349.8 m | -2.5 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.9 bn USD
- Financial debt
- 28.6 bn USD
- Net debt
- 26.6 bn USD
- Equity
- 17.0 bn USD
- Total assets
- 71.9 bn USD
- Debt / equity
- 1.68x
- Current ratio
- 0.74x
- ROE
- 11.0%
- ROA
- 2.6%
- FCF margin
- -19.6%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 10.1 bn | 11.7 bn | 13.8 bn | 12.1 bn | 11.9 bn | 12.9 bn | SEC (XBRL)· 19 Feb 2026verified |
| Operating income | 1.8 bn | 1.8 bn | 2.1 bn | 2.6 bn | 2.7 bn | 3.2 bn | SEC (XBRL)· 19 Feb 2026verified |
| Depreciation & amortisation | 2.3 bn | 2.0 bn | 2.0 bn | 2.1 bn | 2.2 bn | 2.3 bn | SEC (XBRL)· 19 Feb 2026verified |
| EBITDA | 4.0 bn ≈ | 3.8 bn ≈ | 4.0 bn ≈ | 4.7 bn ≈ | 4.9 bn ≈ | 5.5 bn ≈ | SEC (XBRL)· 19 Feb 2026derived |
| Interest expense | 785.7 m | 834.7 m | 912.2 m | 1.0 bn | 1.2 bn | 1.3 bn | SEC (XBRL)· 19 Feb 2026verified |
| Pre-tax income | 1.3 bn | 1.3 bn | 1.1 bn | 1.7 bn | 1.4 bn | 2.3 bn | SEC (XBRL)· 19 Feb 2026verified |
| Income tax | -121.5 m | 191.4 m | -39.0 m | -690.5 m | 381.0 m | 498.0 m | SEC (XBRL)· 19 Feb 2026verified |
| Net income | 1.4 bn | 1.1 bn | 1.1 bn | 2.4 bn | 1.1 bn | 1.8 bn | SEC (XBRL)· 19 Feb 2026verified |
| Diluted EPS | 6.90 | 5.54 | 2.68 | 5.55 | 2.45 | 3.91 | SEC (XBRL)· 19 Feb 2026verified |
| Weighted average diluted shares | 201.1 m | 201.9 m | 411.1 m | 424.8 m | 431.6 m | 450.2 m | SEC (XBRL)· 19 Feb 2026verified |
| Dividend per share | 3.74 | 3.86 | 2.05 | 2.17 | 2.30 | 2.44 | SEC (XBRL)· 19 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1.8 bn | 442.6 m | 224.2 m | 132.5 m | 859.7 m | 1.9 bn | SEC (XBRL)· 19 Feb 2026verified |
| Receivables | 1.3 bn | 1.4 bn | 1.5 bn | 1.4 bn | — | — | SEC (XBRL)· 23 Feb 2024verified |
| Current assets | 4.6 bn | 3.6 bn | 4.1 bn | 3.7 bn | 4.4 bn | 5.8 bn | SEC (XBRL)· 19 Feb 2026verified |
| Property, plant & equipment, net | 343.3 m | 357.6 m | 366.4 m | 418.5 m | 423.8 m | 481.6 m | SEC (XBRL)· 19 Feb 2026verified |
| Goodwill | 377.2 m | 377.2 m | 377.2 m | 374.1 m | 367.6 m | 367.6 m | SEC (XBRL)· 19 Feb 2026verified |
| Total assets | 58.2 bn | 59.5 bn | 58.6 bn | 59.7 bn | 64.8 bn | 71.9 bn | SEC (XBRL)· 19 Feb 2026verified |
| Accounts payable | 2.7 bn | 2.6 bn | 1.8 bn | 1.6 bn | 1.9 bn | 2.6 bn | SEC (XBRL)· 19 Feb 2026verified |
| Short-term debt | 1.6 bn | 1.2 bn | 827.6 m | 1.1 bn | 927.3 m | 657.8 m | SEC (XBRL)· 19 Feb 2026verified |
| Long-term debt | 21.2 bn | 24.8 bn | 23.6 bn | 23.0 bn | 26.6 bn | 27.9 bn | SEC (XBRL)· 19 Feb 2026verified |
| Current liabilities | 7.1 bn | 6.2 bn | 6.4 bn | 6.4 bn | 6.1 bn | 7.8 bn | SEC (XBRL)· 19 Feb 2026verified |
| Equity | 11.0 bn | 11.7 bn | 13.1 bn | 14.7 bn | 15.2 bn | 17.0 bn | SEC (XBRL)· 19 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.7 bn | 2.3 bn | 2.6 bn | 4.3 bn | 4.5 bn | 5.2 bn | SEC (XBRL)· 19 Feb 2026verified |
| Capex | 247.1 m | 168.3 m | 5.1 bn | 4.4 bn | 4.8 bn | 7.7 bn | SEC (XBRL)· 19 Feb 2026verified |
| Free cash flow | 2.4 bn ≈ | 2.1 bn ≈ | -2.5 bn ≈ | -146.3 m ≈ | -349.8 m ≈ | -2.5 bn ≈ | SEC (XBRL)· 19 Feb 2026derived |
| Investing cash flow | -4.8 bn | -6.2 bn | -5.7 bn | -4.6 bn | -5.8 bn | -7.1 bn | SEC (XBRL)· 19 Feb 2026verified |
| Financing cash flow | 3.4 bn | 2.6 bn | 2.9 bn | 243.0 m | 2.1 bn | 3.0 bn | SEC (XBRL)· 19 Feb 2026verified |
| Dividends paid | 748.3 m | 775.1 m | 841.7 m | 918.2 m | 981.7 m | 1.1 bn | SEC (XBRL)· 19 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
3 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 33 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40 · (margin_of_safety <= -0.25 & agreement in ['high', 'medium'])
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 51.2 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet34
- Valuation8
- Quality38
- Growth57
- Returns41
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 32.06 – 94.22 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Dividend discount (DDM)32.06 – 43.12 (Mid 36.78)
- Peers: EV/EBITDA47.70 – 94.22 (Mid 69.57)10 companies used · median multiple 11.2x · quartiles 9.4x – 13.3xAEP, CEG, CNP, D, EIX, ES, NEE, NRG, SO, VST
- Peers: P/E79.66 – 94.05 (Mid 85.85)11 companies used · median multiple 21.8x · quartiles 20.2x – 23.9xAEP, CEG, CNP, D, ES, FE, NEE, NRG, PPL, SO, VST
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 33/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 5.4% | 15 (vs peers) | 6% |
| Net margin · Quality | 13.6% | 62 (vs peers) | 6% |
| Revenue CAGR 3Y · Growth | -2.0% | 0 (on a fixed band) | 6% |
| EPS CAGR 3Y · Growth | 13.4% | 100 (on a fixed band) | 9% |
| Net debt / EBITDA · Balance sheet | 5.4x | 45 (vs peers) | 13% |
| Interest coverage · Balance sheet | 2.2x | 20 (on a fixed band) | 11% |
| Current ratio · Balance sheet | 1.0x | 32 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 28.4x | 0 (vs peers) | 13% |
| EV/EBITDA · Valuation | 14.8x | 18 (vs peers) | 11% |
| Dividend yield · Returns | 2.2% | 25 (vs peers) | 15% |
| Payout ratio (EPS) · Returns | 63.0% | 78 (on a fixed band) | 6% |
Score groups
- Balance sheet34/100 · 3/3 factors with a value
- Growth57/100 · 2/2 factors with a value
- Quality38/100 · 2/2 factors with a value
- Returns41/100 · 2/2 factors with a value
- Valuation8/100 · 2/2 factors with a value
Memo
ENTERGY CORP /DE/ (ETR). Latest full fiscal year: 2025; data up to 2026-03-31.
Figures computed from the financial statements: revenue 12.9 bn USD in 2025; YoY growth 9.0%; net margin 13.6%; ROE 11.1%; net debt/EBITDA 5.4x.
The estimated value range is 47.70–94.05 USD per share (median of 3 methods, agreement: medium); assumptions are illustrative. Against the central value of 69.57 USD, the price of 111.90 USD leaves a potential of -37.8% (value / price − 1) and a margin of safety of -60.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 33/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- EPS CAGR 3Y: 13.4%
- Payout ratio (EPS): 63.0%
What contradicts it
- ROIC: 5.4%
- Revenue CAGR 3Y: -2.0%
- Interest coverage: 2.2x
- P/E (TTM): 28.4x
- EV/EBITDA: 14.8x
- Dividend yield: 2.2%
- The price is above the estimated value range
Versus the vertical median
Electric Services (SIC 4911) · same industry (4-digit SIC) · compared with 13 companies
Only companies with a capitalisation between 6.2 bn and 396.3 bn (within 8× of the company's); 39 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| NEENextera Energy Inc | 184.4 bn | 22.5 | 15.6% | 31.5% | +9.8% | +3% / +51% |
| SOSouthern Co | 105.0 bn | 23.9 | 11.3% | 14.5% | +10.6% | +2% / +31% |
| CEGConstellation Energy Corporation | 87.1 bn | 24.0 | 15.3% | 11.1% | +8.3% | −33% / +103% |
| AEPAmerican Electric Power Company, Inc. | 70.3 bn | 19.0 | 12.8% | 16.9% | +10.9% | +4% / +62% |
| DDominion Energy, Inc | 61.3 bn | 20.6 | 10.5% | 16.9% | +14.2% | +11% / +54% |
| ETREntergy Corp | 51.2 bn | 28.4 | 11.1% | 13.6% | +9.0% | +16% / +128% |
| VSTVistra Operations Company LLC | 40.4 bn | 19.9 | 43.1% | 11.6% | +3.0% | −33% / +240% |
| FEFirstenergy Corp | 27.3 bn | 25.7 | 8.4% | 6.9% | +12.0% | −1% / +28% |
| PPLPPL Corp | 26.9 bn | 21.8 | 8.3% | 13.1% | +6.9% | −3% / +37% |
| CNPCenterpoint Energy Inc | 26.8 bn | 25.2 | 9.6% | 11.4% | +8.3% | +3% / +45% |
| ESEversource Energy | 26.5 bn | 18.2 | 9.1% | 10.4% | +13.8% | +5% / +19% |
| EIXEdison International | 23.7 bn | 6.5 | 20.8% | 19.6% | +9.8% | +4% / −8% |
| NRGNRG Energy, Inc | 17.5 bn | 21.6 | 23.8% | 2.6% | +9.2% | −51% / +74% |
| TLNTalen Energy Corporation | 14.2 bn | — | -16.7% | -6.4% | +22.0% | −17% / +470% |
1- and 3-year price returns: for ETR from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 61.82 Total return -43% · Per year -43% | 109.67 Total return 0% · Per year 0% | 165.69 Total return 51% · Per year 51% |
| 3 years | 52.40 Total return -49% · Per year -20% | 105.28 Total return 0% · Per year 0% | 175.71 Total return 65% · Per year 18% |
| 5 years | 44.40 Total return -53% · Per year -14% | 101.07 Total return 1% · Per year 0% | 186.34 Total return 80% · Per year 13% |
- Exit P/E± 26.32
- Net margin± 18.42
- Annual revenue growth± 16.13
- Annual dilution± 1.55
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 29 Jul 2026; since then the company filed 10-Q (02 Nov 2026), 8-K (02 Nov 2026 · results).
In brief
Entergy is an integrated energy company engaged in power generation and delivery to retail customers in Arkansas, Louisiana, Mississippi and Texas 1. Annual revenues were 12.9 bn USD in 2025, and the company serves about 3.1 million Utility customers 1. In the second quarter of 2026 it reported adjusted EPS of 1.03 USD and affirmed 2026 guidance of 4.25-4.45 USD per share 2.
SWOT
Strengths
- The company has a large base of regulated customers and a strong position in integrated utility operations across four states 1.
- A diversified generation portfolio with nuclear, hydro, solar and gas gives operational flexibility 1.
- Reaffirmed 2026 guidance in the second quarter shows disciplined execution 2.
Weaknesses
Opportunities
- Growth in data center demand could expand the regulated asset base if projects are completed on schedule 1.
- Public grants, such as the Texas reliability grant, could lower investment cost without burdening customers 2.
- Investment in clean energy and the grid could support long-term growth if approved by regulators 12.
Risks
- Delayed or disallowed cost recoveryhigh
Regulatory proceedings can be lengthy and appealed, and costs found imprudent may be disallowed, reducing returns 1.
- Nuclear riskhigh
Operating nuclear plants involves operational, fuel, decommissioning and potential incident-related financial obligations 1.
- Access to capitalmedium
A credit rating downgrade or market disruption could make financing more expensive and limit investment 1.
- Concentration on data center customersmedium
Investments tied to a small number of data center customers could become a vulnerability if demand declines 1.
- Climate and security risksmedium
Climate change, cyber attacks and natural disasters could disrupt infrastructure and raise insurance costs 1.
Investment thesis
What would need to be true (bull case)
- If approved investments are completed on time, the regulated asset base could grow and support earnings in coming years 12.
- Reaffirmed 2026 guidance and the grants obtained suggest operational execution could remain solid 2.
- Diversified generation and interest in clean energy could support the company's position in the energy transition 1.
What would break the thesis
- If regulators limit cost recovery, returns could fall below expectations, especially during periods of rising costs 1.
- Higher financing costs and equity issuance could dilute per-share earnings and reduce financial flexibility 12.
- Extreme weather or a nuclear incident could generate expenses not covered by insurance or rates 1.
What to watch
- Adjusted EPS guidance for 2026 and quarterly resultsQ3 2026
- Regulatory decision on Entergy Arkansas rate case filing2026
- Trend in financing costs and credit rating2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 29 Jul 2026; since then the company filed 10-Q (02 Nov 2026), 8-K (02 Nov 2026 · results).
The business
The strategy focuses on operating and growing the utility business, keeping customer costs as low as possible while investing in reliability, resilience and clean energy 1. At its June 2026 investor day management updated the growth story, and the second quarter release reported progress across customer, operational, regulatory and financial areas 2. Entergy completed a 2.175 bn USD common stock offering with a forward component 2.
The natural gas distribution businesses of Entergy New Orleans and Entergy Louisiana were sold on 1 July 2025, so the company's operations are now concentrated in electricity 1. Sales show seasonality with the peak in the third quarter, and major industrial customers in petroleum refining and chemicals account for a large part of volume 1.
Market context
Entergy operates in regulated markets in Arkansas, Louisiana, Mississippi and Texas, where rates are set through state commission and FERC proceedings 1. Authorized returns on equity for Entergy Arkansas range from 9.15 to 10.15 percent, and some subsidiaries use formula rate plans that adjust rates annually 1. Wholesale activity is tied to the MISO market 1.
Demand is supported by large-scale data centers, for which the company is building new capacity 1. Residential customers contribute 37.7 percent of electric revenue, and industrial customers 28.2 percent, while industrial customers account for 42.9 percent of sales volume 1.
Trends
- Infrastructure investment and demand growthmixed
Rising demand and grid investment could support the regulated asset base, but could also lead to more frequent rate cases and customer resistance 1.
- Data centersmixed
Data center projects could add growth, but depend on a limited number of customers and on timely completion of generation and transmission projects 1.
- Rising costsheadwind
Inflation, higher tariffs and high fuel prices could increase pressure on customers and delay cost recovery 1.
- Legislative support for investmenttailwind
Laws such as the Generating Arkansas Jobs Act could simplify cost recovery for generation and transmission investment if they remain stable 1.
Competitive position
Entergy largely operates as a regulated monopoly in its service areas, so competitive pressure comes mainly from the regulatory framework and from distributed energy alternatives 1. Over the longer term, falling costs of efficiency and distributed energy technologies could reduce sales 1.
The analyzed sources do not identify US-listed competitors for direct comparison; the competitive position described relates mostly to regulation and cost of capital 1.
- Other regional regulated utilities
The sources do not name individual competitors, so a direct comparison cannot be supported from these texts.
- Distributed energy and efficiency providers
Distributed energy technologies could reduce customer sales, as described in the risk factors.
- MISO market operator
MISO influences capacity sales and transmission costs; it is a market operator rather than a competitor.
- Other generation developers
Competition for generation and transmission projects is not detailed in the sources used.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report02 Nov 2026
- Current report02 Nov 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report02 Sept 2026Other events
- Current report07 Aug 2026Other events · Financial statements and exhibits
- Current report23 Jun 2026Other events
- Current report12 May 2026Shareholder vote
- Current report07 May 2026Material agreement · Other events · Financial statements and exhibits
- Proxy statement27 Mar 2026
- Current report20 Feb 2026Other events · Financial statements and exhibits
- Current report07 Nov 2025Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Entergy Corporation · 19 Feb 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Entergy Corporation · 29 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.