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Jun 30, 2024
Entergy Q2 2024 Earnings Report
Reported mixed second quarter results with EPS of 23 cents on an as-reported basis and $1.92 on an adjusted basis, driven by utility performance and parent & other losses.
Key Takeaways
Entergy Corporation reported second quarter earnings per share of 23 cents on an as-reported basis and $1.92 on an adjusted (non-GAAP) basis. The Utility business reported earnings attributable to Entergy Corporation of $441 million, or $2.06 per share, on an as-reported basis and $553 million, or $2.58 per share, on an adjusted basis. Parent & Other reported a loss attributable to Entergy Corporation of $(392 million), or $(1.83) per share, on an as-reported basis, and a loss of $(142 million), or (66) cents per share, on an adjusted basis.
E-LA reached an agreement in principle with the LPSC Staff and other parties to extend and modify the formula rate plan.
SERI reached an agreement in principle with the LPSC Staff that substantially resolves the major litigation at SERI.
The MPSC approved E-MS’s FRP settlement.
Entergy affirmed its 2024 adjusted EPS guidance range of $7.05 to $7.35.
Entergy
Entergy
Forward Guidance
Entergy affirmed its 2024 adjusted EPS guidance range of $7.05 to $7.35.