ENTERGY CORP /DE/ Earnings Summary — Q1 2026

• Revenue grew 11.97% year-over-year to $3.18 billion in Q1 2026, marking a seasonal recovery and sustained expansion of the regulated asset base.
• Net Income increased to $390.8 million, up from $362.4 million in the same quarter last year, reflecting improved earnings predictability.
• Operating margin compressed to approximately 17.9% compared to 24.6% in Q1 2025, primarily due to higher interest and fuel-related operational costs.
• Interest expense rose to $379.7 million, continuing a multi-quarter upward trend that reflects the company's significant $30B+ debt load.
• The total non-operating loss narrowed to $93.6 million in the quarter, providing a boost to the bottom line compared to the previous quarter's $251 million loss.
• Strategic pivot to a pure-play utility is showing results through stabilized margins and a move away from volatile merchant nuclear earnings.

Management remains focused on hitting long-term EPS growth targets in the 6-8% range by prioritizing grid resilience and clean energy infra modernization.

Stable

The company continues to demonstrate fundamental stability as a pure-play regulated utility, although rising interest expenses remain a key headwind.

The transition to a pure-play utility model is largely complete, with future growth derived from infrastructure modernization and navigating regulatory environments in the Gulf Coast.