Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.4%, Dividend Yield is 2.0%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, CFO LTM is 5.2 Bil

Low stock price volatility
Vol 12M is 19%

Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Smart Grids & Grid Modernization, and Datacenter Power. Themes include Battery Storage & Grid Modernization, Show more.

Trading close to highs
Dist 52W High is -0.8%, Dist 3Y High is -0.8%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 55%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.7%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -22%

Key risks
ETR key risks include [1] infrastructure damage from severe Gulf Coast weather, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.4%, Dividend Yield is 2.0%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, CFO LTM is 5.2 Bil
2 Low stock price volatility
Vol 12M is 19%
3 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Smart Grids & Grid Modernization, and Datacenter Power. Themes include Battery Storage & Grid Modernization, Show more.
4 Trading close to highs
Dist 52W High is -0.8%, Dist 3Y High is -0.8%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 55%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.7%
7 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -22%
8 Key risks
ETR key risks include [1] infrastructure damage from severe Gulf Coast weather, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Entergy (ETR) stock has gained about 25% since 12/31/2025 because of the following key factors:

1. Strong Analyst Sentiment and Upgraded Price Targets: Entergy experienced a wave of positive analyst revisions, with multiple firms raising their price targets and reiterating "Buy" or "Outperform" ratings for ETR shares. For example, on March 30, 2026, BMO Capital raised its price target from $112.00 to $118.00, while Barclays increased its target from $96 to $118.00. Wells Fargo also boosted its price objective from $105.00 to $119.00 on January 20, 2026. This consistent upward trend in analyst expectations signals confidence in Entergy's future performance.

2. Robust Demand from Data Centers and Industrial Customers: A significant driver of Entergy's growth stems from increasing electricity demand from hyperscale data centers and traditional industrial customers within its service territory. Entergy Louisiana, for instance, secured an agreement with Meta Platforms for a hyperscale data center, which is projected to generate approximately $2 billion in customer savings over 20 years and where Meta covers its full cost of service. This project alone is noted to potentially add about $1 per share to Entergy's earnings per share run-rate by 2030-2031. Overall industrial sales growth reached 13% in 2025, driven by new customer acquisitions.

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Stock Movement Drivers

Fundamental Drivers

The 26.8% change in ETR stock from 12/31/2025 to 4/10/2026 was primarily driven by a 31.7% change in the company's P/E Multiple.
(LTM values as of)123120254102026Change
Stock Price ($)91.83116.4726.8%
Change Contribution By: 
Total Revenues ($ Mil)12,73012,9471.7%
Net Income Margin (%)14.3%13.7%-4.2%
P/E Multiple22.529.731.7%
Shares Outstanding (Mil)447452-1.2%
Cumulative Contribution26.8%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/10/2026
ReturnCorrelation
ETR26.8% 
Market (SPY)-5.4%28.8%
Sector (XLU)10.0%76.8%

Fundamental Drivers

The 26.6% change in ETR stock from 9/30/2025 to 4/10/2026 was primarily driven by a 29.9% change in the company's P/E Multiple.
(LTM values as of)93020254102026Change
Stock Price ($)91.97116.4726.6%
Change Contribution By: 
Total Revenues ($ Mil)12,30712,9475.2%
Net Income Margin (%)14.4%13.7%-4.6%
P/E Multiple22.929.729.9%
Shares Outstanding (Mil)439452-2.8%
Cumulative Contribution26.6%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/10/2026
ReturnCorrelation
ETR26.6% 
Market (SPY)-2.9%33.5%
Sector (XLU)8.5%78.6%

Fundamental Drivers

The 40.0% change in ETR stock from 3/31/2025 to 4/10/2026 was primarily driven by a 53.3% change in the company's Net Income Margin (%).
(LTM values as of)33120254102026Change
Stock Price ($)83.21116.4740.0%
Change Contribution By: 
Total Revenues ($ Mil)11,88012,9479.0%
Net Income Margin (%)8.9%13.7%53.3%
P/E Multiple33.729.7-11.8%
Shares Outstanding (Mil)429452-5.0%
Cumulative Contribution40.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/10/2026
ReturnCorrelation
ETR40.0% 
Market (SPY)16.3%42.0%
Sector (XLU)21.7%81.3%

Fundamental Drivers

The 140.7% change in ETR stock from 3/31/2023 to 4/10/2026 was primarily driven by a 71.8% change in the company's Net Income Margin (%).
(LTM values as of)33120234102026Change
Stock Price ($)48.39116.47140.7%
Change Contribution By: 
Total Revenues ($ Mil)13,76412,947-5.9%
Net Income Margin (%)8.0%13.7%71.8%
P/E Multiple18.429.761.7%
Shares Outstanding (Mil)416452-7.9%
Cumulative Contribution140.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/10/2026
ReturnCorrelation
ETR140.7% 
Market (SPY)63.3%25.4%
Sector (XLU)51.0%75.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ETR Return17%5%-6%56%25%28%188%
Peers Return22%4%-10%17%17%16%83%
S&P 500 Return27%-19%24%23%16%-0%82%

Monthly Win Rates [3]
ETR Win Rate50%58%33%75%58%100% 
Peers Win Rate60%63%50%58%65%80% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
ETR Max Drawdown-12%-12%-18%-4%-1%-1% 
Peers Max Drawdown-8%-13%-21%-6%-3%-1% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEE, DUK, SO, AEP, EXC. See ETR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)

How Low Can It Go

Unique KeyEventETRS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-29.4%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven41.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven347 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-42.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven72.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven1,670 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-17.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven21.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven298 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-52.0%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven108.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven3,962 days1,480 days

Compare to NEE, DUK, SO, AEP, EXC

In The Past

Entergy's stock fell -29.4% during the 2022 Inflation Shock from a high on 4/20/2022. A -29.4% loss requires a 41.6% gain to breakeven.

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About Entergy (ETR)

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas. The Entergy Wholesale Commodities segment is involved in the ownership, operation, and decommissioning of nuclear power plants located in the northern United States; sale of electric power to wholesale customers; provision of services to other nuclear power plant owners; and ownership of interests in non-nuclear power plants that sell electric power to wholesale customers. The company generates electricity through gas, nuclear, coal, hydro, and solar power sources. It sells energy to retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies. Its power plants have approximately 26,000 megawatts (MW) of electric generating capacity, which include 6,000 MW of nuclear power. The company delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy Corporation was founded in 1913 and is based in New Orleans, Louisiana.

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It's like the Duke Energy of the Central Southern U.S.

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  • Electric Power Generation: Production of electricity from diverse sources including natural gas, nuclear, coal, hydro, and solar.
  • Electric Power Transmission and Distribution: The comprehensive service of transmitting and distributing electricity from generation facilities to end-use customers.
  • Retail Electricity Sales: Selling electricity directly to residential, commercial, and industrial utility customers within its service territories.
  • Wholesale Electricity Sales: Selling large volumes of electric power to other utilities, power trading organizations, and large industrial consumers.
  • Natural Gas Distribution: The service of delivering natural gas to customers within its designated utility service areas.
  • Nuclear Plant Services: Ownership, operation, and decommissioning of nuclear power plants, alongside providing related services to other nuclear plant owners.

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Major Customers of Entergy (ETR)

Based on the provided company description, Entergy serves a diverse customer base through its two main segments: Utility and Entergy Wholesale Commodities. Given that its Utility segment "delivers electricity to 3 million utility customers" in Arkansas, Louisiana, Mississippi, and Texas, a significant portion of these are individual residential customers, alongside businesses. Therefore, Entergy primarily serves individuals and other end-users directly through its utility operations.

Customer Categories:

  • Residential Customers: Individuals and households within its service territories (Arkansas, Louisiana, Mississippi, and Texas) who consume electricity and natural gas for personal use.
  • Commercial Customers: Small and medium-sized businesses, retail establishments, offices, and other commercial enterprises within its utility service areas.
  • Industrial Customers: Large industrial facilities, manufacturers, and other high-demand businesses that require significant amounts of electricity for their operations.

Additionally, through its Entergy Wholesale Commodities segment, the company sells electric power to various other companies, including retail power providers, other utilities, electric power co-operatives, power trading organizations, and other power generation companies. However, the description does not name specific customer companies for this segment, nor does it imply this segment represents the primary customer base in terms of direct customer count when compared to the 3 million utility customers.

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  • Centrus Energy Corp. (LEA)
  • Urenco
  • Tenex

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Drew Marsh, Chair and Chief Executive Officer

Drew Marsh is the chair and chief executive officer of Entergy, appointed CEO in 2022 and chair in 2023. He joined Entergy in 1998 as an associate in strategic planning and special projects. Before becoming CEO, Marsh served as executive vice president and chief financial officer of Entergy from 2013 to 2022, overseeing corporate finance, accounting, internal audit, treasury, investor relations, and corporate development and planning. He also held roles as vice president of system planning and operations and vice president of strategic planning for Entergy-Koch LP, a joint venture with Koch Industries Inc.

Kimberly Fontan, Executive Vice President and Chief Financial Officer

Kimberly Fontan is the executive vice president and chief financial officer of Entergy, a role she assumed in 2022. She is responsible for overseeing corporate finance, accounting, internal audit, treasury, investor relations, corporate development and planning, and the integrated customer organization. Prior to her CFO appointment, Fontan served as senior vice president and chief accounting officer, where she managed monthly financial reports, regulatory filings, and accounting policy. Her previous roles at Entergy include vice president of system planning and operations, vice president of regulatory services, and vice president for Louisiana regulatory affairs. She is a certified public accountant.

Kimberly Cook-Nelson, Executive Vice President and Chief Operating Officer

Kimberly Cook-Nelson assumed the role of Executive Vice President and Chief Operating Officer of Entergy on May 1, 2025. Prior to this, she served as Executive Vice President and Chief Nuclear Officer since November 2022. Her tenure at Entergy also includes roles as Chief Operating Officer of Nuclear Operations and Vice President of System Planning and Operations.

Marcus Brown, Executive Legal Advisor to the Chair and CEO

Marcus Brown transitioned to the role of Executive Legal Advisor to Entergy's Chair and CEO, Drew Marsh, on December 1, 2025. He is set to retire in Spring 2026 after a nearly four-decade legal career. Previously, Brown served as Executive Vice President and General Counsel of Entergy Corporation, where he oversaw legal, ethics and compliance, corporate communications, federal policy, regulatory and governmental affairs, and cyber security governance. He joined Entergy in 1995 after practicing with the Stone Pigman law firm.

Haley Fisackerly, President and CEO, Entergy Mississippi

Haley Fisackerly is the president and CEO of Entergy Mississippi, a position he has held since 2008. He is responsible for the company's safe and reliable service, financial performance, customer service, regulatory and public affairs, resource planning, economic development programs, and charitable contributions. Before his current role, Fisackerly served as vice president of customer operations at Entergy Mississippi and vice president of governmental and regulatory affairs at Entergy Nuclear. He joined Entergy in 1995, having previously worked for U.S. Senator Thad Cochran's office.

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The key risks to Entergy's business are:
  1. Execution and Regulatory Delays: Entergy faces significant risks related to the execution of its substantial capital expansion plan, which is projected to be $41 billion through 2029. Delays in permitting, construction, or the overall deployment of these capital projects can hinder its growth trajectory and impact near-term cash flow. Additionally, as a regulated utility, Entergy relies on timely regulatory approvals and cost recovery for its investments and storm restoration costs. Any lag between capital deployment and recovery, or increased regulatory scrutiny (especially in politically complex jurisdictions like Louisiana), could put pressure on its financial health.
  2. Severe Weather Events: Operating in the Gulf South, Entergy's service territory is highly susceptible to severe climate events, including hurricanes, winter storms, and wildfires. These natural disasters can cause extensive infrastructure damage, leading to increased operational costs, supply chain disruptions, and substantial financial risks associated with storm restoration.
  3. Customer Concentration Risk: A significant portion of Entergy's growth strategy is tied to large industrial and data center customers. While these customers represent a key growth driver and often contribute to infrastructure upgrades, a dependency on a limited number of such large customers introduces a concentration risk. Any reduction in demand or delays/cancellations of projects from these customers could adversely impact the company's financial condition and growth trajectory.

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The clear emerging threat for Entergy is the increasing adoption of distributed energy resources (DERs), such as rooftop solar panels combined with battery storage solutions, by residential and commercial customers. This allows customers to generate and store their own electricity, reducing their reliance on the traditional utility grid and subsequently decreasing their demand for electricity purchased from Entergy. This trend, driven by falling technology costs and a desire for energy independence, poses a direct threat to Entergy's core business model of generating, transmitting, distributing, and selling electric power, by diminishing volumetric sales and potentially impacting grid utilization.

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Entergy Corporation (ETR) operates primarily in two segments: Utility and Entergy Wholesale Commodities. The addressable markets for its main products and services, primarily electricity and natural gas in its utility service territory, are sized as follows:

Utility Segment: Retail Electricity

Entergy's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas. The addressable retail electricity market size for these regions, based on total electric utility revenues in 2024, is approximately $71.41 billion (U.S.).

  • Arkansas: The total retail electricity sales revenue for Arkansas in 2024 was approximately $4.79 billion (U.S.).
  • Louisiana: The total retail electricity sales revenue for Louisiana in 2024 was approximately $8.39 billion (U.S.).
  • Mississippi: The total retail electricity sales revenue for Mississippi in 2024 was approximately $5.32 billion (U.S.).
  • Texas: The total retail electricity sales revenue for Texas in 2024 was approximately $52.91 billion (U.S.).

Utility Segment: Natural Gas Distribution

Entergy's Utility segment also distributes natural gas in its service territories. While precise revenue-based market sizes for natural gas distribution across Entergy's specific service regions within these states are not readily available, consumption figures indicate the scale of the addressable market:

  • Arkansas: Natural gas consumption in Arkansas was 329,504 million cubic feet (MMcf) in 2024.
  • Louisiana: Customers in Louisiana consume approximately 1,529.0 billion cubic feet (Bcf) of natural gas annually.
  • Mississippi: Customers in Mississippi consume approximately 566.0 billion cubic feet (Bcf) of natural gas annually.
  • Texas: While natural gas production in Texas exceeded 12.2 trillion cubic feet (Tcf) in 2023, representing a significant overall market, specific figures for the natural gas distribution market's revenue in Entergy's service areas are not available.

Entergy Wholesale Commodities Segment

Information to size the addressable markets for the Entergy Wholesale Commodities segment, which includes the ownership, operation, and decommissioning of nuclear power plants located in the northern United States and the sale of electric power to wholesale customers, is not readily available.

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Entergy Corporation (ETR) is poised for future revenue growth over the next 2-3 years, driven by several key strategic initiatives and market trends:

  1. Industrial Load Growth, Particularly Data Centers: A significant driver of revenue growth for Entergy is the burgeoning demand from industrial customers, especially hyperscale data centers, across its Gulf Coast service territory. Entergy has already secured electric service agreements totaling approximately 3.5 gigawatts (GW) in 2025, and a substantial pipeline of 7 to 12 GW from data centers, along with another 3-5 GW from other industrial demand, remains uncontracted and offers further upside potential. The company anticipates weather-adjusted retail sales to increase by 5% in 2026, supported by an impressive 10% industrial sales growth, with a projected 15% industrial compound annual growth rate (CAGR) through 2029.
  2. Robust Capital Investment Plan and Rate Base Expansion: Entergy has outlined an ambitious capital investment plan, raising its 2026-2029 utility capital spending to $43 billion, an increase of $2 billion from its prior outlook. This substantial investment, with $11.6 billion planned for 2026, is primarily directed towards new generation and transmission infrastructure expansion, particularly in Louisiana. This strategic deployment of capital is expected to significantly grow Entergy's rate base, which forms the foundation for increased earnings in a regulated utility environment.
  3. Expansion and Diversification of Generation Capacity: To meet escalating demand, Entergy is actively expanding and diversifying its generation portfolio. This includes the ongoing construction or approval of more than 8 GW of combined-cycle gas plants, enhancing output from its Waterford 3 nuclear facility with a 45-megawatt uprate, and a significant push into renewable energy. The company expects approximately 800 megawatts of solar capacity to be online by 2028, with an additional 1.9 GW pending regulatory review, aiming for more than 5,000 MW of solar power by the end of 2028.
  4. Regulatory Cost Recovery and Rate Adjustments: As a regulated utility, Entergy's investments in infrastructure and generation capacity are designed to be recovered through its rate base. The company anticipates residential customer rates to increase by approximately 4% annually through 2029, enabling the recovery of costs associated with new infrastructure. Additionally, Entergy's "Fair Share Plus" regulatory framework introduces a model where hyperscale data center clients contribute to their own power needs and grid upgrades, aiming to provide customer savings while supporting large-scale infrastructure investments.

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Capital Allocation Decisions (2021-2025)

Share Issuance

  • Entergy settled approximately $800 million in equity forwards through the third quarter of 2025, with an additional $330 million settled after quarter-end (October 2025), which amounted to about 5.7 million shares.
  • On March 21, 2025, Entergy completed an offering that included the sale of 15,568,863 shares and an additional 2,227,538 shares at a forward sale price of $81.87175 per share, potentially leading to earnings per share dilution.
  • The number of shares outstanding increased, with 0.45 billion shares in 2025 (a 4.3% increase from 2024), 0.432 billion shares in 2024 (a 1.61% increase from 2023), and 0.425 billion shares in 2023 (a 3.32% increase from 2022).

Outbound Investments

  • Entergy's raised 2026-2029 capital plan includes approximately $1.5 billion for the proposed acquisition of the Cottonwood generating facility in Texas.

Capital Expenditures

  • Entergy's capital plan for 2026-2029 is $43 billion, an increase of $2 billion from a prior outlook.
  • Total capital spending for 2026 is projected to be $11.6 billion, which is approximately $3.6 billion higher than the capital expenditures in 2025.
  • The company invested around $8 billion in 2025, with a significant focus on infrastructure and generation capacity. Capital expenditures are primarily directed towards upgrading transmission and distribution infrastructure for improved reliability and resilience, expanding clean energy capacity through new generation projects (including solar), and supporting rapid industrial and data center growth across its service territories.

Better Bets vs. Entergy (ETR)

Trade Ideas

Select ideas related to ETR.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
SRE_3312026_Insider_Buying_45D_2Buy_200K03312026SRESempraInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
CTRI_12122025_Insider_Buying_GTE_1Mil_EBITp+DE_V212122025CTRICenturiInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
9.9%9.9%-5.5%
PEG_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025PEGPublic Service EnterpriseMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
1.2%1.2%-4.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ETRNEEDUKSOAEPEXCMedian
NameEntergy NextEra .Duke Ene.Southern American.Exelon  
Mkt Price116.4794.08131.7997.15136.3048.57106.81
Mkt Cap52.6195.8102.4107.773.049.287.7
Rev LTM12,94727,41332,23729,55221,87624,25825,836
Op Inc LTM3,2158,0208,5777,2855,3855,1456,335
FCF LTM-2,7913,211-1,694-2,935-1,639-2,275-1,984
FCF 3Y Avg-1,5753,237-1,457-1,215-1,700-2,169-1,516
CFO LTM5,15112,48512,3309,8026,9446,2548,373
CFO 3Y Avg4,64412,34911,5129,0486,2535,5097,650

Growth & Margins

ETRNEEDUKSOAEPEXCMedian
NameEntergy NextEra .Duke Ene.Southern American.Exelon  
Rev Chg LTM9.0%10.8%6.2%10.6%10.9%5.3%9.8%
Rev Chg 3Y Avg-1.7%11.0%3.9%0.9%3.8%8.4%3.9%
Rev Chg Q7.9%20.7%7.9%10.1%13.2%-1.1%9.0%
QoQ Delta Rev Chg LTM1.7%4.2%1.8%2.2%2.9%-0.2%2.0%
Op Mgn LTM24.8%29.3%26.6%24.7%24.6%21.2%24.7%
Op Mgn 3Y Avg23.3%31.0%25.7%24.7%22.3%19.5%24.0%
QoQ Delta Op Mgn LTM-1.2%1.1%-0.5%-1.0%-0.3%0.4%-0.4%
CFO/Rev LTM39.8%45.5%38.2%33.2%31.7%25.8%35.7%
CFO/Rev 3Y Avg37.6%46.4%37.6%33.2%30.9%23.9%35.4%
FCF/Rev LTM-21.6%11.7%-5.3%-9.9%-7.5%-9.4%-8.4%
FCF/Rev 3Y Avg-12.6%12.4%-4.8%-4.3%-8.5%-9.5%-6.7%

Valuation

ETRNEEDUKSOAEPEXCMedian
NameEntergy NextEra .Duke Ene.Southern American.Exelon  
Mkt Cap52.6195.8102.4107.773.049.287.7
P/S4.17.13.23.63.32.03.5
P/EBIT14.621.511.013.112.79.112.9
P/E29.728.620.624.820.417.822.7
P/CFO10.215.78.311.010.57.910.4
Total Yield5.4%5.9%5.7%6.8%7.7%8.9%6.4%
Dividend Yield2.0%2.4%0.8%2.8%2.8%3.3%2.6%
FCF Yield 3Y Avg-4.4%2.2%-1.8%-1.4%-3.5%-5.6%-2.7%
D/E0.60.50.90.70.71.00.7
Net D/E0.60.50.90.70.71.00.7

Returns

ETRNEEDUKSOAEPEXCMedian
NameEntergy NextEra .Duke Ene.Southern American.Exelon  
1M Rtn12.2%2.6%1.4%0.9%3.8%-0.6%2.0%
3M Rtn25.4%18.6%13.8%12.5%17.5%13.1%15.7%
6M Rtn23.9%14.4%5.5%0.4%18.3%5.0%10.0%
12M Rtn49.1%45.2%16.8%12.9%36.5%11.5%26.6%
3Y Rtn134.8%31.1%49.1%52.1%61.7%25.6%50.6%
1M Excs Rtn11.6%2.0%0.7%0.3%3.2%-1.2%1.4%
3M Excs Rtn30.1%20.7%14.8%13.8%20.0%14.3%17.4%
6M Excs Rtn21.2%12.5%6.1%1.7%16.2%5.1%9.3%
12M Excs Rtn14.6%14.3%-19.1%-21.3%2.3%-23.8%-8.4%
3Y Excs Rtn75.0%-33.2%-12.3%-9.4%1.1%-36.5%-10.8%

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Utility68,95263,88761,39959,73455,940
Parent & Other721837 1,2433,800
Eliminations-4,883-5,020-3,688-2,083-2,054
All Other  884561553
Total64,79059,70358,59559,45458,239


Price Behavior

Price Behavior
Market Price$116.47 
Market Cap ($ Bil)52.6 
First Trading Date06/01/1972 
Distance from 52W High-0.8% 
   50 Days200 Days
DMA Price$104.83$93.99
DMA Trendupup
Distance from DMA11.1%23.9%
 3M1YR
Volatility22.9%19.4%
Downside Capture-0.360.09
Upside Capture64.0660.17
Correlation (SPY)24.3%31.2%
ETR Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta0.830.400.480.480.440.37
Up Beta1.270.460.410.450.210.33
Down Beta0.860.630.610.530.700.41
Up Capture50%58%77%59%46%20%
Bmk +ve Days7162765139424
Stock +ve Days12263772137398
Down Capture61%-8%8%36%50%48%
Bmk -ve Days12233358110323
Stock -ve Days10162654115348

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ETR
ETR51.7%19.5%2.02-
Sector ETF (XLU)31.4%14.6%1.6479.2%
Equity (SPY)31.2%17.3%1.4732.7%
Gold (GLD)60.1%27.8%1.6916.9%
Commodities (DBC)29.8%16.6%1.582.4%
Real Estate (VNQ)21.3%15.2%1.0746.3%
Bitcoin (BTCUSD)-5.7%43.7%-0.0115.6%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ETR
ETR22.9%22.3%0.88-
Sector ETF (XLU)10.9%17.1%0.4979.7%
Equity (SPY)11.1%17.0%0.5035.0%
Gold (GLD)22.1%17.8%1.0216.4%
Commodities (DBC)11.8%18.8%0.5213.2%
Real Estate (VNQ)3.7%18.8%0.1051.1%
Bitcoin (BTCUSD)4.0%56.5%0.299.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ETR
ETR15.8%24.0%0.62-
Sector ETF (XLU)9.9%19.2%0.4585.1%
Equity (SPY)13.8%17.9%0.6647.4%
Gold (GLD)14.2%15.9%0.7415.8%
Commodities (DBC)8.6%17.6%0.4116.3%
Real Estate (VNQ)5.1%20.7%0.2264.0%
Bitcoin (BTCUSD)67.4%66.9%1.078.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity16.8 Mil
Short Interest: % Change Since 315202628.9%
Average Daily Volume3.3 Mil
Days-to-Cover Short Interest5.0 days
Basic Shares Quantity451.9 Mil
Short % of Basic Shares3.7%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/12/20261.8%3.1%5.4%
10/29/20250.5%1.3%2.3%
7/30/20251.2%2.4%2.2%
4/29/2025-1.8%-0.1%-3.2%
2/18/20256.0%3.4%1.2%
10/31/202415.2%8.7%17.1%
8/1/20244.2%0.9%4.3%
2/22/20240.3%-0.7%2.1%
...
SUMMARY STATS   
# Positive151115
# Negative595
Median Positive1.3%3.1%5.4%
Median Negative-1.3%-0.6%-3.2%
Max Positive15.2%8.7%17.1%
Max Negative-4.4%-3.7%-5.4%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/19/202610-K
09/30/202510/31/202510-Q
06/30/202508/01/202510-Q
03/31/202505/01/202510-Q
12/31/202402/18/202510-K
09/30/202411/01/202410-Q
06/30/202408/02/202410-Q
03/31/202405/02/202410-Q
12/31/202302/23/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/24/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Adjusted EPS4.254.354.4511.5% Higher NewGuidance: 3.9 for 2025

Prior: Q3 2025 Earnings Reported 10/29/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2025 EPS3.853.93.951.3% RaisedGuidance: 3.85 for 2025

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Viamontes, Eliecer 401(k) PlanSell1201202597.1694792,011279,335Form
2Landreaux, Laura R DirectSell1124202593.662,500234,1502,000,297Form
3Ropp, Ralph Lewis DirectBuy1113202596.691,00096,690101,524Form
4Minor, Anastasia DirectSell1105202596.395,000481,950975,660Form
5Fisackerly, Haley DirectSell1105202596.505,136495,624762,254Form