Entergy Misses Q2 Profit by a Penny as Costs Surge 7.3%
ETR sits 32% above its 52-week low of $86.4.
Summary
Entergy posted Q2 adjusted EPS of $1.03, missing the $1.04 consensus by a penny. Operating expenses jumped 7.3% to $2.67 billion, and debt rose 13.8% to $34.7 billion, squeezing margins despite a 5.7% increase in weather-adjusted retail sales. Industrial sales grew 9.8%, reflecting strong demand from large users. The miss is narrow but highlights cost pressures that could persist. This follows a $2.175 billion equity offering closed in May and $672 million in forward settlements in June, adding to the capital structure story. Regulatory rate updates in multiple jurisdictions provide some offset, but the earnings trajectory warrants attention.
At the time of this announcement, ETR was trading at $113.85 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $51.4B. The 52-week trading range was $86.40 to $118.45. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.