AI Analysis | Feedback

• It's like the AT&T or Verizon of electricity, providing power generation and distribution across several southern US states.
• Think of it as the PG&E or Con Edison of the American South, an integrated power utility serving millions of customers.

AI Analysis | Feedback

• Electricity Generation: Producing electric power from a diverse portfolio of sources, including nuclear, natural gas, coal, and renewables.
• Electricity Transmission: Operating and maintaining the high-voltage grid that transports electricity over long distances within their service territory.
• Electricity Distribution: Delivering lower-voltage electricity through local networks to residential, commercial, and industrial customers.
• Natural Gas Distribution: Providing natural gas service to retail customers in specific geographic areas.

AI Analysis | Feedback

Entergy (ETR) is an integrated energy company that primarily sells electricity directly to end-users within its regulated service territories, which include parts of Arkansas, Louisiana, Mississippi, and Texas. Therefore, it sells primarily to individuals and various businesses, rather than to other companies for resale.

Entergy serves the following categories of customers:

1. Residential Customers: These are individual households that use electricity for personal consumption, including lighting, heating, cooling, and powering home appliances.

2. Commercial Customers: This category includes a wide range of businesses such as retail stores, office buildings, restaurants, healthcare facilities, educational institutions, and other small to medium-sized enterprises that use electricity for their operations.

3. Industrial Customers: This segment comprises large manufacturing plants, chemical facilities, refineries, steel mills, and other heavy industries that require significant amounts of electricity for their production processes and operations.

AI Analysis | Feedback

null

AI Analysis | Feedback

Drew Marsh, Chair and Chief Executive Officer

Drew Marsh joined Entergy in 1998, serving in various financial planning, strategy, and operational leadership roles. He held the position of Executive Vice President and Chief Financial Officer from 2013 to 2022, before being appointed Chair and Chief Executive Officer in November 2022.

Kimberly Fontan, Executive Vice President and Chief Financial Officer

Kimberly Fontan began her career at Entergy in 1996 as a staff accountant. She served as Senior Vice President and Chief Accounting Officer from 2019 to 2022 and held other leadership positions including vice president of system planning and operations, vice president of regulatory services, and vice president of Louisiana regulatory affairs. She was appointed Executive Vice President and Chief Financial Officer in 2022.

Marcus Brown, Executive Vice President and General Counsel

Marcus Brown currently serves as Executive Vice President and General Counsel. He previously held the role of Senior Vice President and General Counsel before being named Executive Vice President in 2013. He is slated to retire in Spring 2026 and will transition to Executive Legal Advisor to Entergy's Chair and CEO, Drew Marsh, beginning December 1, 2025.

Pete Norgeot, Executive Vice President and Chief Operating Officer

Pete Norgeot is the Executive Vice President and Chief Operating Officer at Entergy. In this role, he is responsible for overseeing safety and human performance, power generation, power delivery, system planning, capital projects, system resilience, and ensuring compliance with federal standards for critical infrastructure protection.

Roderick K. West, Group President, Utility Operations

Roderick K. West holds the position of Group President of Utility Operations at Entergy Corporation.

AI Analysis | Feedback

1. Severe Weather and Grid Reliability

2. Regulatory and Legal Risks

3. Nuclear Plant Operations and Decommissioning

AI Analysis | Feedback

The increasing adoption of distributed energy resources (DERs), such as rooftop solar and customer-sited battery storage. As the cost of these technologies declines and their efficiency improves, a growing number of customers are able to generate and store their own electricity, leading to reduced demand for power from the traditional grid and impacting Entergy's sales volumes and revenue.

The accelerating impacts of severe weather events, including hurricanes, extreme heat, and severe winter storms, particularly in Entergy's Gulf Coast service territory. The rising frequency and intensity of these events result in substantially higher storm restoration costs, increased capital expenditures for grid hardening and resilience, and greater operational disruption, directly challenging Entergy's financial stability and ability to provide reliable service.

AI Analysis | Feedback

Entergy Corporation (NYSE: ETR) operates primarily in electric power production and retail distribution, serving approximately 3 million utility customers across Arkansas, Louisiana, Mississippi, and Texas in the United States. The company's energy generation mix includes natural gas, nuclear, coal, oil, and hydroelectric power. Entergy is also a significant player in the nuclear power industry.

Addressable Market Sizes:

• U.S. Power Market (Electricity Generation and Distribution): The U.S. power market was valued at approximately USD 363.74 billion in 2024 and is projected to reach USD 543.35 billion by 2033, growing at a CAGR of 4.56% from 2025 to 2033. Another estimate places the U.S. power market value at USD 363.6 billion in 2024, expecting it to reach USD 517 billion in 2032 with a CAGR of 4.5% from 2026 to 2032. In 2023, the electricity industry in the U.S. generated $491 billion in revenue.
• U.S. Nuclear Power Market: The U.S. nuclear power market was valued at USD 13.3 billion in 2024 and is anticipated to grow to USD 19.6 billion by 2032, with a CAGR of 5.1% during the 2025–2032 period. Other data indicates the market size for nuclear power in the U.S. was $38.3 billion in 2024 and is projected to be $39.2 billion in 2025. A separate report valued the United States nuclear power market at USD 14.23 billion in 2024, forecasting a rise to USD 16.68 billion by 2034.
• U.S. Natural Gas Distribution Market: The U.S. natural gas distribution market was valued at USD 170.0 billion in 2024 and is expected to reach USD 186.0 billion by 2032. Another source estimates the market size for Natural Gas Distribution in the U.S. at $174.7 billion in 2024, projected to grow to $222.5 billion in 2025.

AI Analysis | Feedback

Entergy Corporation (NYSE: ETR) is expected to experience future revenue growth over the next two to three years, driven by several key factors:

1. Substantial Capital Investments and Rate Base Expansion: Entergy has significantly increased its capital expenditure plans, with an updated capital plan of $41 billion for the 2026-2029 period. These investments are directed towards enhancing generation, transmission, and distribution infrastructure, which directly contributes to rate base growth—a fundamental driver for revenue in regulated utilities.
2. Accelerated Industrial Sales Growth, Driven by Data Centers: The company anticipates robust growth in industrial sales, with a particular emphasis on serving hyperscale data center customers. Entergy has announced major data center projects with companies like Meta and Amazon in its service areas, and its customer pipeline for data centers has expanded from 5-10 GW to 7-12 GW. Industrial sales are projected to grow at an annual rate of 12-13% over the next four years, with nearly 60% of that growth attributed to large data center customers.
3. Expansion of Clean Energy Portfolio and Renewable Projects: Entergy is actively investing in the clean energy transition, driven by strong customer interest in renewable green tariffs and nuclear clean tariffs to meet decarbonization goals. The company plans to add more than 5,000 megawatts of solar capacity by 2028 and is exploring new nuclear investments, such as Small Modular Reactors (SMRs). These initiatives support the growing demand for low-carbon energy solutions.
4. Economic Development in the Gulf South Region: Entergy's service territory across Arkansas, Louisiana, Mississippi, and Texas is experiencing significant economic expansion. This regional growth attracts new businesses and industrial customers, contributing to an overall increase in retail and industrial electricity sales, which is projected to drive a 6-7% compound annual growth rate in Entergy's retail sales through 2028.

AI Analysis | Feedback

<h2>Capital Allocation Decisions for Entergy (ETR) (Last 3-5 Years)</h2>

<h3> Share Repurchases</h3>
<ul>
  <li>Entergy repurchased $1.2 billion in shares in 2025.</li>
  <li>Repurchase of Stock for the trailing twelve months (TTM) ended September 2025 was -$23 million.</li>
</ul>

<h3> Share Issuance</h3>
<ul>
  <li>In March 2025, Entergy announced the pricing of an underwritten offering of 15,568,863 shares of its common stock at $83.50 per share.</li>
  <li>Entergy settled obligations under forward sale agreements in May 2025 by delivering 15,560,474 shares of common stock for approximately $806 million.</li>
  <li>The company expects to issue approximately $4.7 billion of equity through 2028, including about $1.4 billion under previously executed forward sales agreements.</li>
</ul>

<h3> Outbound Investments</h3>
<ul>
  <li>In July 2025, Entergy New Orleans and Entergy Louisiana completed the sale of their natural gas distribution businesses.</li>
</ul>

<h3> Capital Expenditures</h3>
<ul>
  <li>Entergy increased its 4-year capital plan from $37 billion to $40 billion, announced in July 2025.</li>
  <li>The capital plan was further expanded to $41 billion for the 2026–2029 period as of October 2025.</li>
  <li>These investments primarily focus on infrastructure, renewable energy projects (including 3 GW of solar and 1.4 GW of battery storage), highly efficient gas units (8 GW), and serving increased load from customers, including hyperscale data centers.</li>
</ul&