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Sep 30
Entergy Q3 2025 Earnings Report
Entergy reported higher earnings in Q3 2025, driven by increased industrial demand and regulatory actions across its utilities.
Key Takeaways
Entergy delivered solid third-quarter results with EPS of $1.53 (GAAP and non-GAAP), an increase from $1.50 last year. Strong retail and wholesale sales growth and favorable regulatory actions supported earnings, despite pressures from rising O&M and tax expenses. The company reaffirmed its adjusted EPS guidance and continues investing in infrastructure to meet growing power demands.
Q3 2025 net income was $694 million, up from $645 million in Q3 2024.
Adjusted and GAAP EPS were both $1.53, compared to $1.50 in Q3 2024.
Retail sales rose 3.9% and weather-adjusted retail sales increased 4.4%.
Industrial sales grew 7.3%, largely due to stronger demand from large customers.
Entergy
Entergy
Entergy Revenue by Segment
Revenue by Segment
Utility Revenue
CapyFin.comParent & Other Revenue
CapyFin.com Forward Guidance
Entergy narrowed its 2025 adjusted EPS guidance to $3.85–$3.95 and reaffirmed its financial outlook with continued infrastructure investments.
Positive Outlook
- Maintained strong adjusted EPS growth trajectory
- Secured key approvals for major generation and transmission projects in TX and LA
- Improved Parent & Other performance YoY
- Industrial demand remains a strong growth driver
- Strong operating cash flow of $2.14B in Q3, up 37% YoY
Challenges Ahead
- Higher O&M costs due to vegetation management and project write-offs
- Increased depreciation tied to nuclear and infrastructure investments
- Ad valorem and local franchise taxes put pressure on margins
- Dilution from equity forwards impacted per-share results
- Wholesale revenue declined YoY despite retail strength