In This Article:
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Adjusted Earnings Per Share (EPS): $0.82 for the first quarter.
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Retail Sales Growth: Weather-adjusted retail sales growth at 5.2%.
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Industrial Sales Increase: 9.3% increase in industrial sales.
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Interest Expense and Depreciation: Higher due to investments.
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Equity Transactions: $1.5 billion block equity forward executed, securing equity needs into 2027.
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Tax Credits: Potential positive impact from nuclear production tax credits not included in outlooks.
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Capital Plan: More than $5 billion of renewable investments through 2028.
Release Date: April 29, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Entergy Corp (NYSE:ETR) reported strong adjusted earnings per share of $0.82 for the first quarter, keeping them on track for their 2025 guidance.
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The company announced significant industrial growth with new investments from Hyundai Motor Group, CF Industries, and Woodside, expected to boost economic development in Louisiana.
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Entergy Corp (NYSE:ETR) is executing on its capital plan, with projects like the Orange County Advanced Power Station and Delta Blues Advanced Power Station on schedule and budget.
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The company received regulatory approvals for several key projects, including a $0.5 billion transmission project in Louisiana and a combined cycle gas plant in Mississippi.
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Entergy Corp (NYSE:ETR) has secured its equity needs into 2027, ensuring access to capital needed to execute its capital plan.
Negative Points
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Higher interest expenses and depreciation due to investments partially offset the favorable effects of higher retail sales volume.
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The company faces potential impacts from tariffs, which could affect capital expenditures, though they estimate the impact to be approximately 1% of their $37 billion, four-year capital plan.
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There is macroeconomic uncertainty that might weigh on industrial activity, although Entergy Corp (NYSE:ETR) remains optimistic about long-term growth.
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The timing of new customer ramps and potential volatility in sales could affect the company's financial performance.
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Entergy Corp (NYSE:ETR) is managing potential risks related to the availability and transferability of renewable tax credits, which could impact their financial outlook.
Q & A Highlights
Q: With the Arkansas generation bill, do you feel the state is now fully competitive on the data center front, and have there been any inbounds thus far? A: Andrew Marsh, CEO: We feel that Arkansas is fully competitive now, and we are in discussions with potential customers. There is significant interest in the state.