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what it is
Entergy sells electricity to 3 million customers across the South and gas to 206,000 more in Louisiana.
how it gets paid
Last year Entergy made $12.9B in revenue.
what just happened
Entergy's latest reported quarter landed at $0.51 EPS, a 27.14% miss versus the $0.70 estimate.
At a glance
A balance sheet — strong enough to weather a downturn
60/100 earnings predictability — reasonably predictable
26.8x trailing p/e — priced about right
4.5% return on capital — nothing to write home about
xvary composite: 76/100 — average
What they do
Entergy sells electricity to 3 million customers across the South and gas to 206,000 more in Louisiana.
Entergy is a regulated utility (regulated utility → your area usually gets one main power provider → customers rarely switch). You do not shop for a new grid the way you shop for a phone plan. That matters because Entergy serves 3 million electric customers and 206,000 gas customers, giving it a captive base that is hard to dislodge.
How they make money
$12.9B
annual revenue
total revenue
$12.9B
n/a
The products that matter
regulated electricity service
regulated utilities
$10.3B revenue · 80% of total
This is the core business. It serves 3 million customers and generates four times the revenue of the wholesale segment.
the moat
merchant and wholesale power
wholesale generation
$2.6B revenue · -5%
This $2.6B segment gives Entergy diversification, but the recent decline means it is adding volatility, not solving it.
the swing factor
Key numbers
4.5%
return on capital
Return on capital (profit from invested money → how hard your dollars work → lower means weaker economics) is only 4.5%, which looks thin against a 26.8x P/E.
$27.9B
long-term debt
That debt equals 37% of capital, so this is a balance sheet built for stability, not flexibility.
3M
electric customers
A utility with 3 million customers has a real moat because your local power bill is not a competitive marketplace.
95/100
price stability
Price stability says the stock usually behaves like a utility should, which matters if you own it for defense rather than drama.
Financial health
A
strength
- balance sheet grade A — very strong financial position
- risk rank 1 — safer than 95% of stocks
- price stability 95 / 100
- long-term debt $27.9B (37% of capital)
- return on equity 10% — $0.10 profit for every $1 investors have put in
A — among the top-rated companies for balance sheet quality.
Total return vs. market
You invested $10,000 in ETR 3 years ago → it's now worth $21,770.
The index would have given you $13,880.
source: institutional data · total return
What just happened
missed estimates
Entergy's latest reported quarter landed at $0.51 EPS, a 27.14% miss versus the $0.70 estimate.
Value Line says industrial volumes rose roughly 7% as new facilities and data center customers ramped. It also says the nuclear fleet ran at 90% capacity. There is a source mismatch: EDGAR lists latest-quarter EPS at $3.40 and revenue at $9.1B, while Value Line and Yahoo show quarterly EPS of $0.51.
$3.2B
revenue
$0.51
eps
n/a
n/a
the number that mattered
The number that mattered was the 27.14% earnings miss, because utilities rarely get rewarded for missing when the stock already trades above Value Line's $99 target.
-
entergy posted solid fourth-quarter 2025 results.revenues came in at $2.96 billion, aided by continued retail demand growth across the service territory.
-
industrial volumes advanced roughly 7% as new facilities and data center customers ramped up operations during the period.
-
the nuclear fleet operated at 90% of capacity, with refueling processes completed on schedule.the base-rate growth and regulatory price hikes provided further support, though higher operating expenses and increased interest costs from the ongoing infrastructure buildout partially offset these gains.
-
all told, fourth-quarter 2025 earnings reached $0.51 per share.
-
the near-term picture presents some headwinds.winter storm fern struck in late january, disrupting service to around 170,000 customers and generating up to $560 million in storm-related restoration costs across its operations, though some regulatory recovery is expected over the long haul.
source:, EDGAR, and Yahoo Finance consensus, 2026
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What could go wrong
The top threat is storm-cost recovery lag. Entergy can eventually recover some of these costs, but utilities live in the gap between spending the money and getting permission to earn it back.
high
storm restoration costs hit before rate recovery does
Winter Storm Fern disrupted service to around 170,000 customers and created up to $560M in restoration costs.
If recovery takes time, cash flow and near-term earnings take the hit first.
med
$27.9B of debt makes interest costs part of the equity story
Long-term debt equals 37% of capital, and management already flagged higher interest costs alongside infrastructure buildout.
That limits flexibility if rates stay high or capital needs rise again.
med
the $2.6B wholesale business is shrinking
Wholesale generation is 20% of revenue and fell 5%, the opposite direction of the regulated core.
If that decline continues, it can offset part of the slow growth you expect from the regulated side.
Put the numbers together: up to $560M in storm costs, $27.9B of debt, and a $2.6B wholesale segment moving backward mean this is a safer stock than most, but not a risk-free one.
source: institutional data · regulatory filings · risk analysis
Pay attention to
growth signal
industrial volumes grew roughly 7%
That is one of the few places this story looks faster than a normal utility. If it holds, the load-growth case gets more believable.
storm recovery
watch how fast the $560M gets socialized
Utilities can recover extraordinary costs. The timing is the part that matters for shareholders.
segment trend
wholesale generation is still the weak link
The segment fell 5% while regulated revenue grew 3%. You want that gap narrowing, not widening.
next report
the next earnings update needs to connect the dots
You want to see whether strong load growth and a 90% nuclear run rate are enough to absorb storm and interest-cost pressure.
Analyst rankings
earnings predictability
60 / 100
Not bad for a utility, but not bulletproof either — in human-speak, you should expect a steady story with occasional weather-shaped surprises.
risk rank
1
Risk rank: 1. That's safer than 95% of stocks. The market sees this as a defensive name.
price stability
95 / 100
Price stability: 95/100. This usually trades like a utility, not like a macro panic button.
source: institutional data
Institutional activity
institutions have been net buying for 3 consecutive quarters — 487 buyers vs. 362 sellers in 4q2025. total institutional holdings: 0.4B shares. net buying for 3 quarters.
source: institutional data
Price targets
3-5 year target range
$77
$121
$105
current price
$99
target midpoint · 6% from current · 3-5yr high: $121
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
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