Entergy jumps as Q1 utility earnings rise on regulatory actions and CWIP returns
Entergy shares rose after the company posted Q1 2026 adjusted EPS of $0.86 (GAAP EPS $0.83) versus $0.82 a year earlier. Utility earnings increased to $1.17 per share, driven by regulatory actions and higher returns on construction work in progress, despite higher interest expense and depreciation.
1. What’s moving the stock
Entergy (ETR) is trading higher after reporting first-quarter 2026 results before the market open on Wednesday, April 29, 2026. The company posted $0.86 in adjusted EPS and $0.83 in GAAP EPS, up slightly from $0.82 in the prior-year quarter, helping lift sentiment despite continued headwinds from interest expense.
2. Key numbers investors are reacting to
Consolidated earnings were $385 million (GAAP) or $399 million (adjusted), equal to $0.83 per share (GAAP) and $0.86 per share (adjusted). Within the Utility segment, earnings attributable to Entergy were $540 million, or $1.17 per share, up from $490 million, or $1.11 per share, a year earlier.
3. Drivers, offsets, and watch items
Management attributed the utility earnings increase primarily to the net effect of regulatory actions across operating companies and higher returns on construction work in progress tied to utility plant investments. Those positives were partly offset by higher interest expense and higher depreciation and amortization, while Parent & Other included a non-cash impairment charge tied to the expected sale of a non-utility business interest in the Independence power plant.