Entergy Reports $693.8 Million Net Income for Third Quarter 2025

**Entergy Reports Increased Net Income Driven by Utility Performance**

Entergy Corporation (ENTERGY) reported a consolidated net income attributable to Entergy Corporation of $693.8 million for the third quarter of 2025, compared to $644.9 million for the same period in 2024. The Utility segment, Entergy's primary business, contributed $810.5 million to net income, up from $786.5 million in the prior year. Operating revenues for the Utility segment increased to $3.80 billion from $3.37 billion, reflecting higher industrial and residential usage, as well as proceeds from a purchased power agreement termination. Parent & Other, which includes eliminations and intersegment activity, reported a net loss of $116.7 million, compared to a net loss of $141.6 million in the third quarter of 2024.

The increase in Utility operating revenues was driven by several factors, including a $263 million increase in fuel, rider, and other revenues that do not significantly affect net income, a $75 million increase due to volume and weather, and a $20.4 million increase in retail electric price. The volume/weather variance was primarily due to increased industrial and residential usage. The retail electric price variance was primarily due to increased formula rate plan rates at Entergy Arkansas and Entergy Mississippi, and the implementation of the distribution cost recovery factor rider at Entergy Texas. These increases were partially offset by a decrease in Entergy Louisiana’s formula rate plan revenues. Total electric energy sales for the Utility segment increased by 4% to 41,203 GWh, with notable growth in the industrial sector.

Key operational developments included Entergy Louisiana's decision to cancel the Bayou Power Station project, resulting in the expensing of $10.8 million in project costs. Entergy Arkansas filed applications with the Arkansas Public Service Commission (APSC) for a special rate contract with Google and for the construction of the Arkansas Cypress Solar facility. Entergy Texas withdrew its application for the Segno Solar and Votaw Solar facilities, which were subsequently transferred to Entergy Louisiana. Entergy Texas also received PUCT approval for Phase I of its Texas Future Ready Resiliency Plan.

Looking ahead, Entergy anticipates approximately $41 billion in capital investments for the Utility segment from 2026 through 2029, with a focus on generation projects, nuclear fleet investments, transmission improvements, and distribution enhancements. These investments are aimed at modernizing, decarbonizing, and expanding the Utility operating companies’ portfolios, as well as supporting customer growth and improving grid reliability. The company is also closely monitoring the impact of the One Big Beautiful Bill Act of 2025 on clean energy tax incentives and is adapting its strategies accordingly.