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Mar 31, 2024

Entergy Q1 2024 Earnings Report

Reported mixed results with GAAP EPS declining significantly while affirming future guidance.

Key Takeaways

Entergy Corporation reported a decrease in first quarter 2024 earnings per share (EPS) on an as-reported basis but affirmed its 2024 adjusted EPS guidance. The company highlighted regulatory progress and operational achievements.

Reported first quarter GAAP EPS of $0.35 and adjusted (non-GAAP) EPS of $1.08.

Affirmed 2024 adjusted EPS guidance range of $7.05 to $7.35.

SERI reached an agreement in principle with the CCNO to resolve all of the CCNO’s complaints against SERI; the settlement is subject to FERC approval.

The LPSC approved the first phase of E-LA’s resilience and grid hardening plan of $1.9 billion as well as a timely recovery mechanism for that investment.

Total Revenue
$2.79B
Previous year: $2.98B
-6.3%
EPS
$1.08
Previous year: $1.14
-5.3%
Gross Profit
$245M
Previous year: $1.18B
-79.1%
Cash and Equivalents
$1.29B
Previous year: $1.97B
-34.3%
Free Cash Flow
-$746M
Total Assets
$62B
Previous year: $59.2B
+4.7%

Entergy

Entergy

Entergy Revenue by Segment

Forward Guidance

Entergy affirmed its 2024 adjusted EPS guidance range of $7.05 to $7.35.

Revenue & Expenses

Visualization of income flow from segment revenue to net income