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Entergy's Vision for Economic Expansion and Sustainable Growth

At the recent 76th Annual Meeting, Entergy’s Chair and CEO, Drew Marsh, outlined an optimistic perspective on the firm’s performance in 2024 and the promising growth potential for the Gulf South region in the upcoming year.

Marsh highlighted that Entergy has embarked on a significant transformation, aiming to enhance the outcomes for all stakeholders while fostering a sustainable and resilient energy future. With this commitment, Entergy has focused on initiatives aimed at boosting customer growth, enhancing the energy grid’s resilience, and investing in cleaner energy technologies.

Key Achievements in 2024

In his address, Marsh detailed several notable accomplishments that have positively impacted the company’s trajectory:

• - Industrial Growth: The company experienced robust industrial customer growth, largely attributed to the competitive advantages inherent in the region. In 2024, Entergy Louisiana and Entergy Mississippi entered into electric service agreements with hyperscale data centers, a strategic move that is expected to bring numerous benefits for stakeholders, such as job creation and tax revenues.
• - Renewable Energy Initiatives: Recognizing the growing demand for sustainable energy solutions, Entergy successfully brought online more than 700 megawatts of solar energy in the past year, demonstrating its commitment to advancing renewable energy initiatives.
• - Corporate Social Responsibility: In 2024, Entergy’s commitment to social responsibility generated over $153 million in economic benefits for local communities. Employees contributed significantly through volunteer efforts, clocking over 122,000 hours of service valued over $4 million.
• - Philanthropy: As a founding partner of the New Orleans Super Bowl LIX Host Committee, Entergy played a crucial role in enhancing community engagement and philanthropy linked with this high-profile event. Their charitable initiative, Impact 59 Powered by Entergy, has distributed more than $3.5 million in grants to local non-profits, thereby fostering a positive legacy in the Greater New Orleans community.
• - Financial Performance: The year also saw Entergy executing a 2-for-1 stock split while maintaining strong adjusted earnings per share, growing its quarterly dividend by approximately 6%. Such progress in credit metrics is set to provide financial flexibility that ultimately benefits customers through lower capital costs.

Future Outlook

Drew Marsh expressed optimism for the upcoming year, emphasizing Entergy’s commitment to delivering value and enhancing energy reliability. The company plans to focus on integrating advanced technologies, including artificial intelligence, to optimize operations and meet the energy demands of the future.

Shareholders voted in favor of all ten director nominees during the meeting, underscoring confidence in leadership as Entergy navigates its growth path. Marsh also addressed inquiries regarding the continuation of growth prospects in the data center sector and the company’s proactive measures to bolster the energy grid against severe weather phenomena.

For more detailed insights into Entergy's 2024 performance and future growth opportunities, shareholders are encouraged to explore the company’s annual performance report, showcasing its strategic objectives and achievements.

About Entergy

As a major player in the electricity production, transmission, and distribution sector, Entergy serves approximately 3 million customers across Arkansas, Louisiana, Mississippi, and Texas. Committed to sustainable practices, Entergy invests in cleaner energy solutions, including modern natural gas, nuclear, and renewable options. With a solid emphasis on corporate responsibility, the company delivers annual economic benefits exceeding $100 million to serve its communities responsibly. For more about Entergy’s initiatives and impact, visit entergy.com.

Conclusion

The initiatives and achievements outlined during Entergy’s annual meeting paint a picture of a company not only focused on financial growth but also committed to creating a sustainable and resilient future for the Gulf South region. With strategic investments and a robust commitment to community engagement, Entergy is poised for continued success and positive impact in the years to come.