ENTERGY CORP /DE/

Entergy Corporation announced the settlement of various forward sale agreements. The company physically settled a portion of its underwritten forward sale agreements, delivering 6,650,417 shares of Common Stock for approximately $546 million. Following this, 11,145,984 shares remain outstanding under these agreements, potentially yielding $915 million. Additionally, Entergy settled all its at the market (ATM) forward sale agreements, delivering 2,057,826 shares for approximately $126 million, with no remaining obligations under the ATM program.

Entergy Corp entered into forward sale agreements on May 5, 2026, with Wells Fargo Bank, Citibank, Barclays Bank PLC, and The Bank of Nova Scotia, involving an aggregate of 19,247,788 shares of its common stock. The initial forward sale price is $110.74 per share, subject to daily adjustments based on a floating interest rate factor. The company retains the discretion to settle these agreements physically, via net share settlement, or in cash on or before April 30, 2028, with physical or net share settlement potentially leading to dilution of earnings per share.