Entergy earnings date and guidance
Entergy's next results are expected on November 4, 2026. Watch whether regulatory decisions let approved investment become earnings per share.
What has Entergy guided?
Management guides to adjusted EPS of $4.25–$4.45 for 2026 and $4.90–$5.20 for 2027. Its plan calls for $67 billion of investment over 2026–2030 and adjusted EPS growth above 8% annually through 2035. The forecast assigns 28% probability to the bear case, 52% to base, and 20% to bull, with 2029 prices from $68.26 to $152.31.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| ETR adjusted EPS | Year to Dec 2026 | 4.25 | 4.45 | Jul 29, 2026 |
| Entergy adjusted EPS (outlook) | Year to Dec 2027 | 4.90 | 5.20 | Jul 29, 2026 |
| Weather-adj. retail volume and other revenue | Year to Dec 2026 | 0.50 | 0.55 | Jul 29, 2026 |
| Utility other O&M | Year to Dec 2026 | 0.00 | 0.00 | Jul 29, 2026 |
| Utility other operating expenses | Year to Dec 2026 | -0.35 | -0.30 | Jul 29, 2026 |
| Fully diluted average shares (millions) | Year to Dec 2026 | 472 | 472 | Jul 29, 2026 |
What this means. The table mixes per-share earnings effects with total spending in millions of dollars, so those numbers cannot be compared directly.
Did Entergy keep its past promises?
The annual incentive formula gave adjusted earnings per share 60% of the achievement multiplier and Safety 10%. The other measures covered financial strength, customer experience, and longer-term shareholder interests. Adjusted EPS reached $3.91 against a $3.85 target in 2025, while Safety achieved 50% of target. Marsh received 149% of his target annual incentive because the strong financial results outweighed the weak safety result.
What is Entergy's revenue and profit trend?
The June 2026 quarter showed higher total earnings and industrial demand, but lower diluted EPS and still-negative free cash flow.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,523,638 | 3,187,626 | 2,958,944 | 3,812,019 | 3,328,849 | 2,846,874 | 2,742,305 | 3,389,100 |
| Operating income | 850,089 | 572,222 | 545,708 | 1,119,041 | 837,425 | 700,104 | 669,615 | 1,125,862 |
| Net income | 482,607 | 384,916 | 235,782 | 693,800 | 467,930 | 360,760 | 286,447 | 644,940 |
| EPS, diluted | 1.03 | 0.83 | 0.51 | 1.53 | 1.05 | 0.82 | 0.65 | 1.50 |
| Cash from operations | 1,892,789 | 828,964 | 1,218,066 | 2,134,795 | 1,261,602 | 536,188 | 1,379,682 | 1,562,372 |
| = Free cash flow | -935,030 | -1,574,067 | -996,505 | 207,073 | -787,448 | -1,213,820 | -573,908 | 4,628 |
What this means. Free cash flow is negative because the company spent more cash on equipment, buildings, nuclear fuel, and other plant assets than its daily business generated.
What should I watch in Entergy's next results?
The next important changes will come from regulatory decisions on resilience and storm recovery.
These proceedings will show how regulators treat requested investment, storm costs, and customer affordability. They also set the stage for the more basic question: how does approved spending become earnings?