Quarterly ResultMay 1, 2026, 11:13 AM
ETI-P Q1 Net Income $384.9M; Storm Fern Costs $480M
AI Summary
Entergy Corporation reported a net income attributable to shareholders of $384.9 million for Q1 2026, an increase from $360.8 million in Q1 2025. The Utility segment saw operating revenues climb to $3.17 billion, with total electric energy sales growing 8%, largely due to a 15% increase in industrial usage. However, the company faced significant impacts from Winter Storm Fern in January 2026, incurring an estimated $480 million in restoration costs and a substantial rise in natural gas purchases to $483 million for the month. Subsidiaries also issued $3.55 billion in new mortgage bonds, contributing to an increase in the debt to capital ratio.
Key Highlights
- ETI-P Q1 2026 net income attributable to Entergy Corporation was $384.9 million, up from $360.8 million in Q1 2025.
- Utility segment operating revenues increased to $3.17 billion in Q1 2026 from $2.83 billion in Q1 2025.
- Total Utility electric energy sales rose 8% to 33,526 GWh in Q1 2026.
- Industrial electric usage increased 15% in Q1 2026, driven by large industrial customers.
- Winter Storm Fern in January 2026 caused an estimated $480 million in restoration costs.
- Natural gas purchases for Entergy in January 2026 surged to $483 million from $207 million in January 2025.
- Subsidiaries issued $3.55 billion in mortgage bonds in Q1 2026, partially offset by $250 million repayment.
- Entergy Corporation's debt to capital ratio increased to 65.9% as of March 31, 2026.