Entergy Q1 Revenue Climbs 12% to $3.19B, Price Target Raised to $129
Entergy posted a 12% year-over-year Q1 revenue increase to $3.19 billion, driven by 14.9% industrial volume growth in data centers and primary metals. Scotiabank upped its price target to $129 from $114, implying an 11.6% upside based on recent trading levels.
1. Price Target Raised
Scotiabank increased its price target to $129 from $114 after Entergy shares traded around $115.57, implying an 11.6% upside potential.
2. Q1 Revenue Performance
Entergy reported Q1 revenue of $3.19 billion, up 12% year-over-year and above the $3.01 billion consensus, driven by weather-adjusted retail sales growth of 6.0%.
3. Industrial Demand Surge
Industrial volume jumped 14.9%, led by strong data center, primary metals, and transportation sector sales, bolstering overall revenue growth.
4. Earnings and Outlook
First-quarter EPS of $0.86 missed the $0.89 estimate, while net profit rose 6.7%; the company reaffirmed its 2026 guidance and highlighted a new hyperscale agreement in Louisiana for customer savings.