Entergy Corporation Reports Strong Q4 2024 Earnings and 2025 Guidance

On February 18, 2025, Entergy Corporation (NYSE: ETR) released its financial results for the fourth quarter of 2024, revealing an earnings per share (EPS) of 65 cents on a reported basis and 66 cents on an adjusted basis. This marked a significant decrease compared to the same quarter in 2023, where the company recorded an EPS of $2.32 under GAAP and 26 cents under non-GAAP measures.

For the entire year of 2024, Entergy reported an EPS of $2.45 on a reported basis and $3.65 on an adjusted basis, down from $5.55 and $3.39 respectively in 2023. CEO Drew Marsh emphasized that 2024 was a momentous year for Entergy, characterized not only by strong financial outcomes but also by pivotal developments aimed at enhancing the company’s growth potential and risk management, setting the stage for future opportunities.

Company Highlights

Entergy also updated its four-year capital plan and longer-term forecasts. Noteworthy projects include the commencement of the 754-megawatt Delta Blues Advanced Power Station, along with the approval of $1.7 billion in capital projects by the Midcontinent Independent System Operator for Entergy utilities.

In addition to this, Entergy entered into a new electric service agreement with a substantial customer while also submitting plans to expand the load capacity for a data center located in northern Louisiana. Regulatory approvals were granted for several initiatives across its operational territories, underlining the company’s proactive approach to bolstering its infrastructure and meeting growing energy demands.

Financial Overview

Despite the year-over-year decline in earnings, Entergy’s utility division demonstrated resilience, reporting roughly $1.83 billion in earnings in 2024, with a per-share figure of $4.23 compared to $5.90 in 2023. Factors influencing this decrease included increased depreciation expenses, rising interest rates, and regulatory impacts affecting operational costs. Nevertheless, operational cash flow improved year over year, attributed to reduced fuel and purchased power costs, emphasizing Entergy’s efficiency in managing its resources.

The company’s strategy also included adjustments tied to regulatory developments and changes in tax obligations. For instance, Entergy accounted for a $9 million adjustment related to Louisiana’s state income tax rate change in the fourth quarter of 2024.

Looking Ahead

Looking forward to 2025, Entergy has set a bullish forecast for adjusted EPS in the range of $3.75 to $3.95. The company plans to host a teleconference on February 18 to further discuss these results and future financial strategies, reinforcing its commitment to transparency with stakeholders.

Despite the challenges faced in 2024, Entergy Corporation aims to leverage its recent progress to capture further growth in the upcoming years, maintaining its standing as a key player in the utility sector with a strong commitment to sustainability and corporate responsibility. Entergy continues to enhance its community relations through philanthropy and volunteer efforts, demonstrating its dedication to the regions it serves.

With a workforce of approximately 12,000 and operations across Louisiana, Texas, Arkansas, and Mississippi, Entergy Corporation is poised for continued success as it navigates the complexities of the energy landscape. Learn more about Entergy’s strategic initiatives and financial performance on Entergy's Investor Relations page.