Entergy Q1 Adjusted EPS Up $0.04, Secures $2B Hyperscale Savings Deal
Entergy posted first quarter 2026 adjusted earnings of $0.86 per share, up $0.04 from the prior year, driven by regulatory actions and returns on construction work in progress. The company affirmed its 2026 adjusted EPS guidance of $4.25–$4.45 and secured a Louisiana hyperscale agreement promising $2 billion in retail customer savings.
1. First Quarter Financial Results
Entergy reported first quarter 2026 as-reported earnings of $385 million, or $0.83 per share, and adjusted earnings of $399 million, or $0.86 per share, compared to $361 million, or $0.82 per share, a year earlier. The $0.04 per share increase reflected the net effect of regulatory rate actions, return on construction work in progress and was partially offset by higher interest expense and depreciation.
2. Guidance and Capital Plan Update
The company affirmed its 2026 adjusted EPS guidance range of $4.25 to $4.45 and updated its four-year capital plan to reflect ongoing investments in utility infrastructure. Potential adjustments to GAAP measures include tax items, regulatory settlements and unusual costs, which are excluded from the non-GAAP guidance.
3. Major Business Developments
Entergy secured a new Louisiana hyperscale agreement with a Meta subsidiary, projected to deliver an additional $2 billion in savings for retail customers under its Fair Share Plus pledge. Regulatory approvals included a Texas rate update, a 600 MW Arkansas solar project with 350 MW battery storage, and filings for Oklahoma capex recovery, Arkansas base rates and Mississippi storm restoration securitization.