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Entergy Q3 Earnings Top Estimates, Revenues Increase Year Over Year
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Key Takeaways
Entergy reported Q3 earnings of $1.98 per share, beating estimates by 15.8% and rising 29.4% year over year.
Revenues climbed 14.5% to $4.37B, supported by higher electricity demand and 7.4% growth in retail sales.
Entergy narrowed 2026 guidance and maintained its target of over 8% annual earnings growth through 2030.
Entergy Corporation (ETR - Free Report) reported third-quarter 2026 earnings of $1.98 per share, which beat the Zacks Consensus Estimate of $1.71 by 15.8%. The bottom line increased 29.4% from the year-ago quarter's figure of $1.53.
ETR’s Total Revenues
Revenues rose 14.5% year over year to $4.37 billion and surpassed the consensus mark of $4.16 billion by 5.1%. Results benefited from higher electricity demand, favorable weather and regulatory rate actions. Weather-adjusted retail electricity sales increased 4.5%, supported by residential and industrial demand.
Entergy Corporation Price, Consensus and EPS Surprise
The Utility business generated earnings of $1.08 billion, up from $810 million in the prior-year quarter. Earnings increased to $2.28 per share from $1.79, reflecting higher electricity sales, regulatory recoveries and additional income from utility investments.
The Parent & Other segment reported a loss of $139 million, wider than the $117 million loss recorded a year earlier. The loss per share increased to 29 cents from 26 cents, primarily due to higher interest expenses. Consolidated results also reflected a higher diluted average share count of 474 million compared with 454 million last year.
Entergy's Retail Sales Gain Across Key Customer Classes
Total retail electricity sales increased 7.4% year over year to 39,864 gigawatt-hours (GWh). Residential sales rose 12.6% to 13,163 GWh, while commercial sales increased 5.6% to 8,973 GWh.
Industrial electricity sales climbed 4.9% to 17,055 GWh, driven by higher demand from data center and primary metals customers. On a weather-adjusted basis, residential and commercial sales improved 6.1% and 1.9%, respectively. Total electricity sales, including wholesale volumes, increased 5.3% to 43,392 GWh.
Entergy Faces Higher Operating and Financing Costs
Higher utility operating and maintenance expenses reduced quarterly earnings by 10 cents per share. The increase reflected higher power delivery costs, particularly vegetation maintenance spending, and additional power generation expenses associated with maintenance activities and plant outages.
Utility interest expenses lowered earnings by 13 cents per share due to higher debt balances, increased average interest rates and carrying costs on customer advances. Higher depreciation and amortization expenses also pressured earnings, reflecting additional utility assets placed into service and increased depreciation rates.
Entergy’s Financial Highlights
As of Sept. 30, 2026, Entergy had cash and cash equivalents of $4.21 billion compared with $1.52 billion a year earlier. Total debt was $34.94 billion compared with $30.56 billion at the end of September 2025.
Third-quarter operating cash flow increased to $2.24 billion from $2.14 billion a year earlier.
Entergy Narrows 2026 Earnings Guidance
Entergy narrowed its 2026 adjusted earnings guidance to $4.35-$4.45 per share from its earlier projection of $4.25-$4.45. The Zacks Consensus Estimate for 2026 earnings is pinned at $4.40 per share, in line with the midpoint of the company’s guided range.
Management reaffirmed its longer-term adjusted earnings outlook, projecting $4.90-$5.20 per share in 2027, $5.55-$5.85 in 2028, $6.25-$6.55 in 2029 and $7.05-$7.35 in 2030. The company continues to target annual adjusted earnings growth exceeding 8% through 2030.
Entergy also outlined a $55 billion capital investment plan for 2027-2030, alongside a $5.2 billion equity financing plan.
Edison International (EIX - Free Report) reported third-quarter 2026 core earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.83 by 4.9%. However, the bottom line declined 17.9% from $2.34 in the year-ago quarter.
EIX’s operating revenues totaled $4.89 billion, missing the Zacks Consensus Estimate of $5.53 billion by 11.7%. The top line also declined 15% from the year-ago quarter's figure of $5.75 billion.
CMS Energy Corporation (CMS - Free Report) reported third-quarter 2026 adjusted earnings of $1.44 per share, which surpassed the Zacks Consensus Estimate of $1.34 by 7.5%. The bottom line increased 54.8% from 93 cents in the year-ago quarter.
Operating revenues totaled $2.183 billion, which beat the Zacks Consensus Estimate of $2.178 billion by 0.2%. The top line also rose 8% from $2.02 billion in the prior-year quarter.
CenterPoint Energy, Inc. (CNP - Free Report) reported third-quarter 2026 adjusted earnings of 53 cents per share, which surpassed the Zacks Consensus Estimate of 50 cents by 6%. The bottom line also increased 6% from the year-ago quarter’s figure of 50 cents.
CNP generated revenues of $2.19 billion, which beat the Zacks Consensus Estimate by 1.9%. The top line also came in 10.2% higher than the year-ago quarter’s reported figure of $1.99 billion.
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Entergy Q3 Earnings Top Estimates, Revenues Increase Year Over Year
Key Takeaways
Entergy Corporation (ETR - Free Report) reported third-quarter 2026 earnings of $1.98 per share, which beat the Zacks Consensus Estimate of $1.71 by 15.8%. The bottom line increased 29.4% from the year-ago quarter's figure of $1.53.
ETR’s Total Revenues
Revenues rose 14.5% year over year to $4.37 billion and surpassed the consensus mark of $4.16 billion by 5.1%. Results benefited from higher electricity demand, favorable weather and regulatory rate actions. Weather-adjusted retail electricity sales increased 4.5%, supported by residential and industrial demand.
Entergy Corporation Price, Consensus and EPS Surprise
Entergy Corporation price-consensus-eps-surprise-chart | Entergy Corporation Quote
Entergy’s Segmental Performance
The Utility business generated earnings of $1.08 billion, up from $810 million in the prior-year quarter. Earnings increased to $2.28 per share from $1.79, reflecting higher electricity sales, regulatory recoveries and additional income from utility investments.
The Parent & Other segment reported a loss of $139 million, wider than the $117 million loss recorded a year earlier. The loss per share increased to 29 cents from 26 cents, primarily due to higher interest expenses. Consolidated results also reflected a higher diluted average share count of 474 million compared with 454 million last year.
Entergy's Retail Sales Gain Across Key Customer Classes
Total retail electricity sales increased 7.4% year over year to 39,864 gigawatt-hours (GWh). Residential sales rose 12.6% to 13,163 GWh, while commercial sales increased 5.6% to 8,973 GWh.
Industrial electricity sales climbed 4.9% to 17,055 GWh, driven by higher demand from data center and primary metals customers. On a weather-adjusted basis, residential and commercial sales improved 6.1% and 1.9%, respectively. Total electricity sales, including wholesale volumes, increased 5.3% to 43,392 GWh.
Entergy Faces Higher Operating and Financing Costs
Higher utility operating and maintenance expenses reduced quarterly earnings by 10 cents per share. The increase reflected higher power delivery costs, particularly vegetation maintenance spending, and additional power generation expenses associated with maintenance activities and plant outages.
Utility interest expenses lowered earnings by 13 cents per share due to higher debt balances, increased average interest rates and carrying costs on customer advances. Higher depreciation and amortization expenses also pressured earnings, reflecting additional utility assets placed into service and increased depreciation rates.
Entergy’s Financial Highlights
As of Sept. 30, 2026, Entergy had cash and cash equivalents of $4.21 billion compared with $1.52 billion a year earlier. Total debt was $34.94 billion compared with $30.56 billion at the end of September 2025.
Third-quarter operating cash flow increased to $2.24 billion from $2.14 billion a year earlier.
Entergy Narrows 2026 Earnings Guidance
Entergy narrowed its 2026 adjusted earnings guidance to $4.35-$4.45 per share from its earlier projection of $4.25-$4.45. The Zacks Consensus Estimate for 2026 earnings is pinned at $4.40 per share, in line with the midpoint of the company’s guided range.
Management reaffirmed its longer-term adjusted earnings outlook, projecting $4.90-$5.20 per share in 2027, $5.55-$5.85 in 2028, $6.25-$6.55 in 2029 and $7.05-$7.35 in 2030. The company continues to target annual adjusted earnings growth exceeding 8% through 2030.
Entergy also outlined a $55 billion capital investment plan for 2027-2030, alongside a $5.2 billion equity financing plan.
ETR's Zacks Rank
ETR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
Edison International (EIX - Free Report) reported third-quarter 2026 core earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.83 by 4.9%. However, the bottom line declined 17.9% from $2.34 in the year-ago quarter.
EIX’s operating revenues totaled $4.89 billion, missing the Zacks Consensus Estimate of $5.53 billion by 11.7%. The top line also declined 15% from the year-ago quarter's figure of $5.75 billion.
CMS Energy Corporation (CMS - Free Report) reported third-quarter 2026 adjusted earnings of $1.44 per share, which surpassed the Zacks Consensus Estimate of $1.34 by 7.5%. The bottom line increased 54.8% from 93 cents in the year-ago quarter.
Operating revenues totaled $2.183 billion, which beat the Zacks Consensus Estimate of $2.178 billion by 0.2%. The top line also rose 8% from $2.02 billion in the prior-year quarter.
CenterPoint Energy, Inc. (CNP - Free Report) reported third-quarter 2026 adjusted earnings of 53 cents per share, which surpassed the Zacks Consensus Estimate of 50 cents by 6%. The bottom line also increased 6% from the year-ago quarter’s figure of 50 cents.
CNP generated revenues of $2.19 billion, which beat the Zacks Consensus Estimate by 1.9%. The top line also came in 10.2% higher than the year-ago quarter’s reported figure of $1.99 billion.