NEWS RELEASE

FOR IMMEDIATE RELEASE

July 29, 2026

Entergy reports second quarter 2026 financial results

Company affirms guidance and outlooks

NEW ORLEANS – Entergy Corporation (NYSE: ETR) reported second quarter 2026 earnings per share of $1.03 on an as-reported and an adjusted (non-GAAP) basis.

“At our investor day in June, we provided a comprehensive update on our differentiated growth story that starts with our customers,” said Drew Marsh, Entergy Chair and Chief Executive Officer. “In the second quarter, we made steady progress across key customer, operational, regulatory, and financial areas.  We remain solidly on track to achieve our objectives for 2026 and beyond.”

Business highlights included the following:

•The APSC approved Entergy Arkansas’s Generating Arkansas Jobs Act rider rate update.

•The PUCT approved Entergy Texas’s DCRF rate update.

•Entergy New Orleans and Entergy Louisiana each filed their annual formula rate plans.

•Entergy Arkansas filed its 2025 historical year formula rate plan netting adjustment.

•Entergy Louisiana and Entergy New Orleans each filed for an extension of their formula rate plans.

•Entergy Corporation completed a $2.175 billion common stock offering with a forward component.

•Entergy Texas was awarded an approximately $200 million Texas Energy Fund grant for electric reliability, which will strengthen the grid at no cost to customers.

•River Bend Station nuclear plant celebrated 40 years of producing clean, reliable electricity.

•Entergy’s nuclear team received four Top Innovative Practice awards from the Nuclear Energy Institute.

•Entergy was named to The Civic 50, a Points of Light initiative honoring the 50 most community-minded companies in the U.S.

Table of contents			Page
News release     Table of appendices and financial statements     A: Consolidated results and adjustments     B: Earnings variance analysis     C: Utility operating and financial measures     D: Consolidated financial measures     E: Definitions and abbreviations and acronyms     F: Other GAAP to non-GAAP reconciliations     Financial statements			1 6 7 10 13 14 15 17 19

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Entergy reports second quarter 2026 financial results    

July 29, 2026

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Consolidated earnings (GAAP and non-GAAP measures)
Second quarter and year-to-date 2026 vs. 2025 (See Appendix A for reconciliation of GAAP to non-GAAP measures and details on adjustments)
			Second quarter									Year-to-date
			2026			2025			Change			2026			2025			Change
(After-tax, $ in millions)
As-reported earnings			483			468			15			868			829			39
Less adjustments			-			-			-			(14)			-			(14)
Adjusted earnings (non-GAAP)			483			468			15			881			829			52
Estimated weather impact			3			38			(35)			(7)			60			(67)
(After-tax, per share in $)
As-reported earnings			1.03			1.05			(0.01)			1.87			1.87			-
Less adjustments			-			-			-			(0.03)			-			(0.03)
Adjusted earnings (non-GAAP)			1.03			1.05			(0.01)			1.90			1.87			0.03
Estimated weather impact			0.01			0.08			(0.08)			(0.02)			0.14			(0.15)

Calculations may differ due to rounding

Consolidated results

For second quarter 2026, the company reported earnings of $483 million, or $1.03 per share, on an as-reported and an adjusted basis. This compared to second quarter 2025 earnings of $468 million, or $1.05 per share, on an as-reported and an adjusted basis.

Summary discussions of results by business follow. Additional details, including information on operating cash flow by business, are provided in Appendix A. Appendix B provides a more detailed analysis of earnings per share variances by business.

Business results

Utility

For second quarter 2026, the Utility business reported earnings attributable to Entergy Corporation of $626 million, or $1.34 per share, on an as-reported and an adjusted basis. This compared to second quarter 2025 earnings of $599 million, or $1.34 per share, on an as-reported and an adjusted basis.

The primary drivers for the quarter’s earnings increase included:

•the net effect of regulatory actions across several operating companies;

•return on construction work in progress for certain utility plant investments;

•higher retail sales volume; and

•higher other income (deductions).

These drivers were partially offset by higher interest expense, higher O&M, and higher depreciation and amortization.

On a per share basis, second quarter 2026 results reflected higher diluted average number of common shares outstanding primarily due to the settlement of equity forwards in 2025 and 2026 as well as the dilutive effect of an increase in the stock price on unsettled equity forwards.

Appendix C contains additional details on Utility operating and financial measures.

Parent & Other

For second quarter 2026, Parent & Other reported a loss attributable to Entergy Corporation of $(143 million), or (31) cents per share, on an as-reported and an adjusted basis. This compared to a second

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Entergy reports second quarter 2026 financial results    

July 29, 2026

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quarter 2025 loss of $(131 million), or (29) cents per share, on an as-reported and an adjusted basis.

The primary driver for the quarter-over-quarter change was higher interest expense.

On a per share basis, second quarter 2026 results reflected higher diluted average number of common shares outstanding (see details in Utility section).

Earnings per share guidance

Entergy affirmed its 2026 adjusted earnings per share guidance range of $4.25 to $4.45. See the earnings call presentation for additional details.

The company has provided 2026 earnings guidance with regard to the non-GAAP measure of adjusted earnings per share. This measure excludes from the corresponding GAAP financial measure the effect of adjustments as described in the “Non-GAAP financial measures” section. The company has not provided a reconciliation of such non-GAAP guidance to guidance presented on a GAAP basis because it cannot predict and quantify with a reasonable degree of confidence all of the adjustments that may occur during the period. Potential adjustments include, among other things, certain significant income tax items, certain items recorded as a result of regulatory settlements or decisions, and certain unusual costs or expenses.

Earnings teleconference

A teleconference will be held at 10:00 a.m. Central Time on Wednesday, July 29, 2026, to discuss Entergy’s quarterly earnings announcement and the company’s financial performance. The teleconference may be accessed by visiting Entergy’s website at investors.entergy.com/investors/events-and-presentations or by dialing 888-440-4149, conference ID 9024832, no more than 15 minutes prior to the start of the call. The earnings call presentation is also being posted to Entergy’s website concurrent with this news release. A replay of the teleconference will be available on Entergy’s website at investors.entergy.com/investors/events-and-presentations and by telephone. The telephone replay will be available through Aug. 5, 2026, by dialing 800-770-2030, conference ID 9024832.

Entergy (NYSE: ETR) generates, transmits and distributes electricity to power life for more than 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re focused on keeping costs for our customers as low as possible while providing reliable energy that our communities count on. We’re also investing in growth for the future with a more resilient, cleaner energy system that includes modern natural gas, nuclear and renewable energy generation. As a nationally recognized leader in sustainability and corporate citizenship, we deliver more than $100 million in economic benefits each year to the communities we serve through philanthropy, volunteerism and advocacy. Entergy is a Fortune 500 company headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at Entergy.com and connect with @Entergy on social media.

Entergy Corporation’s common stock is listed on the New York Stock Exchange and NYSE Texas under the symbol “ETR”.

Details regarding Entergy’s results of operations, regulatory proceedings, and other matters are available in this earnings release, a copy of which will be filed with the SEC, and the earnings call presentation. Both documents are available on Entergy’s Investor Relations website at investors.entergy.com/investors/events-and-presentations.

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Entergy reports second quarter 2026 financial results    

July 29, 2026

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Entergy maintains a web page as part of its Investor Relations website entitled Regulatory and other information, which provides investors with key updates on certain regulatory proceedings and important milestones on the execution of its strategy. While some of this information may be considered material information, investors should not rely exclusively on this page for all relevant company information.

For definitions of certain operating measures, as well as GAAP and non-GAAP financial measures and abbreviations and acronyms used in the earnings release materials, see Appendix E.

Non-GAAP financial measures

This news release contains non-GAAP financial measures, which are generally numerical measures of a company’s performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. Entergy has provided quantitative reconciliations within this news release of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

Entergy reports earnings using the non-GAAP measure of adjusted earnings, which excludes the effect of certain “adjustments”. Adjustments are unusual or non-recurring items or events or other items or events that management believes do not reflect the ongoing business of Entergy, such as significant income tax items, certain items recorded as a result of regulatory settlements or decisions, and certain unusual costs or expenses. In addition to reporting GAAP earnings on a per share basis, Entergy reports its adjusted earnings on a per share basis. These per share measures represent the applicable earnings amount divided by the diluted average number of common shares outstanding for the period.

Management uses the non-GAAP financial measures of adjusted earnings and adjusted earnings per share for, among other things, financial planning and analysis; reporting financial results to the board of directors, employees, owners, and analysts; and internal evaluation of financial performance. Entergy believes that these non-GAAP financial measures provide useful information to investors in evaluating the ongoing results of Entergy’s business, comparing period to period results, and comparing Entergy’s financial performance to the financial performance of other companies in the utility sector.

Other non-GAAP measures, including adjusted ROE, adjusted ROE excluding affiliate preferred, FFO to adjusted debt, gross liquidity, net liquidity, adjusted Parent debt to total adjusted debt, adjusted debt to adjusted capitalization, and adjusted net debt to adjusted net capitalization are measures Entergy uses internally for management and board of directors discussions and to gauge the overall strength of its business. Entergy believes the above data provides useful information to investors in evaluating Entergy’s ongoing financial results and flexibility and assists investors in comparing Entergy’s credit and liquidity to the credit and liquidity of others in the utility sector. These metrics are defined in Appendix E.

These non-GAAP financial measures reflect an additional way of viewing aspects of Entergy’s operations that, when viewed with Entergy’s GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting Entergy’s business. These non-GAAP financial measures should not be used to the exclusion of GAAP financial measures. Investors are strongly encouraged to review Entergy’s consolidated financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. Although certain of these measures are intended to assist investors in comparing Entergy’s performance to other companies in the utility sector, non-GAAP financial measures are not standardized; therefore, it might not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names.

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Entergy reports second quarter 2026 financial results    

July 29, 2026

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Cautionary note regarding forward-looking statements

This news release contains certain “forward-looking statements” within the meaning of federal securities laws that are subject to risks and uncertainties. Such statements include, among other things, statements regarding Entergy’s 2026 adjusted earnings per share guidance and capital plan; financial and operational outlooks and expected industrial sales; industrial load growth outlooks; statements regarding its resilience plans, goals, beliefs, or expectations; and other statements of Entergy’s plans, beliefs, or expectations within this news release. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this news release and in Entergy’s most recent Annual Report on Form 10-K and any subsequent public filings with the Securities and Exchange Commission; (b) uncertainties associated with (1) rate proceedings, formula rate plans, and other cost recovery mechanisms, including the risk that costs may not be recoverable to the extent or on the timeline anticipated and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with (1) realizing the benefits of its resilience plan, including impacts of the frequency and intensity of future storms and storm paths, as well as the pace of project completion and (2) efforts to remediate the effects of major storms and recover related restoration costs; (d) risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks; (e) changes in decommissioning trust values or earnings or in the timing or cost of decommissioning Entergy’s nuclear plant sites; (f) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries; (g) risks and uncertainties associated with executing on business strategies, including (1) strategic transactions that Entergy or its subsidiaries may undertake and the risks that any such transaction may not be completed as and when expected or the anticipated benefits may not be realized, and (2) Entergy’s ability to meet the rapidly growing demand for electricity, including from large-scale data centers and other large customers, and to manage the impacts of such growth on customers and its business, or the risk that contracted or expected load growth does not materialize or is not sustained; (h) risks and uncertainties associated with the resolution of pending or future applications, regulatory proceedings, litigation or governmental official actions relating to generation, transmission, or other facilities and the effect of related public and political opposition, including, in each case, those relating to any facilities designed to serve large-scale data centers; (i) direct and indirect impacts to Entergy or its customers from pandemics, terrorist attacks, geopolitical conflicts, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy’s business or operations, and/or other catastrophic events; and (j) effects on Entergy or its customers of (1) changes in federal, state, or local laws and regulations and other governmental actions or policies, such as changes in monetary, fiscal, trade, tax, environmental, or energy (including, among other things, data center energy use, efficiency standards, and sources of power) policies, as well as changes in utility regulations, including those relating to new projects designed to serve the increased load growth of large-scale data centers and other large customers; (2) changes in commodity markets, capital markets, or economic conditions; and (3) technological change, including the costs, pace of development, and commercialization of new and emerging technologies.

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Investor inquiries: Liz Hunter 504-576-3294 ehunte1@entergy.com			Media inquiries: Cristina del Canto 504-576-4238 mdelcan@entergy.com

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Second quarter 2026 earnings release appendices and financial statements

Appendices

A: Consolidated results and adjustments

B: Earnings variance analysis

C: Utility operating and financial measures

D: Consolidated financial measures

E: Definitions and abbreviations and acronyms

F: Other GAAP to non-GAAP reconciliations

Financial statements

Consolidating balance sheets

Consolidating income statements

Consolidated cash flow statements

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A: Consolidated results and adjustments

Appendix A-1 provides a comparative summary of consolidated earnings, including a reconciliation of as-reported earnings (GAAP) to adjusted earnings (non-GAAP).

Appendix A-1: Consolidated earnings - reconciliation of GAAP to non-GAAP measures Second quarter and year-to-date 2026 vs. 2025 (See Appendix A-2 and Appendix A-3 for details on adjustments)
			Second quarter									Year-to-date
			2026			2025			Change			2026			2025			Change
(After-tax, $ in millions)
As-reported earnings (loss)
Utility			626			599			27			1,166			1,089			77
Parent & Other			(143)			(131)			(12)			(298)			(260)			(38)
Consolidated			483			468			15			868			829			39
Less adjustments
Utility			-			-			-			-			-			-
Parent & Other			-			-			-			(14)			-			(14)
Consolidated			-			-			-			(14)			-			(14)
Adjusted earnings (loss) (non-GAAP)
Utility			626			599			27			1,166			1,089			77
Parent & Other			(143)			(131)			(12)			(284)			(260)			(25)
Consolidated			483			468			15			881			829			52
Estimated weather impact			3			38			(35)			(7)			60			(67)
Diluted average number of common shares outstanding (in millions)			466			446			21			464			443			21
(After-tax, per share in $) (a)
As-reported earnings (loss)
Utility			1.34			1.34			-			2.51			2.45			0.06
Parent & Other			(0.31)			(0.29)			(0.01)			(0.64)			(0.59)			(0.06)
Consolidated			1.03			1.05			(0.01)			1.87			1.87			-
Less adjustments
Utility			-			-			-			-			-			-
Parent & Other			-			-			-			(0.03)			-			(0.03)
Consolidated			-			-			-			(0.03)			-			(0.03)
Adjusted earnings (loss) (non-GAAP)
Utility			1.34			1.34			-			2.51			2.45			0.06
Parent & Other			(0.31)			(0.29)			(0.01)			(0.61)			(0.59)			(0.03)
Consolidated			1.03			1.05			(0.01)			1.90			1.87			0.03
Estimated weather impact			0.01			0.08			(0.08)			(0.02)			0.14			(0.15)

Calculations may differ due to rounding

(a)Per share amounts are calculated by dividing the corresponding earnings (loss) by the diluted average number of common shares outstanding for the period.

See Appendix B for detailed earnings variance analysis.

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Appendix A-2 and Appendix A-3 detail adjustments by business. Adjustments are included in as-reported earnings consistent with GAAP but are excluded from adjusted earnings. As a result, adjusted earnings is considered a non-GAAP measure.

Appendix A-2: Adjustments by driver (shown as positive/(negative) impact on earnings or EPS)
Second quarter and year-to-date 2026 vs. 2025
			Second quarter									Year-to-date
			2026			2025			Change			2026			2025			Change
(Pre-tax except for income tax effect and totals; $ in millions)
Parent & Other
1Q26 impairment related to the expected sale of a non-utility business interest in Independence power plant			-			-			-			(18)			-			(18)
Income tax effect on Parent & Other adjustment above			-			-			-			4			-			4
Total Parent and Other			-			-			-			(14)			-			(14)
Total adjustments			-			-			-			(14)			-			(14)
(After-tax, per share in $) (b)
Parent & Other
1Q26 impairment related to the expected sale of a non-utility business interest in Independence power plant			-			-			-			(0.03)			-			(0.03)
Total Parent & Other			-			-			-			(0.03)			-			(0.03)
Total adjustments			-			-			-			(0.03)			-			(0.03)

Calculations may differ due to rounding

(b)Per share amounts are calculated by multiplying the corresponding earnings (loss) by the income tax rate that is expected to apply and dividing by the diluted average number of common shares outstanding for the period.

Appendix A-3: Adjustments by income statement line item (shown as positive/ (negative) impact on earnings)
Second quarter and year-to-date 2026 vs. 2025
(Pre-tax except for income taxes and totals; $ in millions)
			Second quarter									Year-to-date
			2026			2025			Change			2026			2025			Change
Parent & Other
Asset write-offs, impairments, and related charges			-			-			-			(18)			-			(18)
Income taxes			-			-			-			4			-			4
Total Parent & Other			-			-			-			(14)			-			(14)
Total adjustments			-			-			-			(14)			-			(14)

Calculations may differ due to rounding

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Appendix A-4 provides a comparative summary of OCF by business.

Appendix A-4: Consolidated operating cash flow
Second quarter and year-to-date 2026 vs. 2025
($ in millions)
			Second quarter									Year-to-date
			2026			2025			Change			2026			2025			Change
Utility			2,021			1,371			650			2,891			1,937			954
Parent & Other			(128)			(110)			(18)			(169)			(139)			(30)
Consolidated			1,893			1,262			631			2,722			1,798			924

Calculations may differ due to rounding

Second quarter 2026 OCF increased primarily due to higher receipts of advance payments related to customer agreements, higher collections from Utility customers, and lower fuel and purchased power payments. These increases were partially offset by the timing of payments to vendors and higher interest payments.

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B: Earnings variance analysis

Appendix B-1 and Appendix B-2 provide details of current quarter and year-to-date 2026 versus 2025 as-reported and adjusted earnings per share variances.

    

Appendix B-1: As-reported and adjusted earnings per share variance analysis (c), (d)
Second quarter 2026 vs. 2025
(After-tax, per share in $)
			Utility									Parent & Other									Consolidated
			As- reported			Adjusted						As- reported			Adjusted						As- reported			Adjusted
2025 earnings (loss)			1.34			1.34						(0.29)			(0.29)						1.05			1.05
Operating revenue less: fuel, fuel-related exp. and gas purch. for resale; purch. power; and other reg. chgs. (credits) – net			0.18			0.18			(e)			-			-						0.18			0.18
Nuclear refueling outage expenses			-			-						-			-						-			-
Other O&M			(0.08)			(0.08)			(f)			-			-						(0.08)			(0.08)
Asset write-offs, impairments, and related charges			-			-						-			-						-			-
Decommissioning			(0.01)			(0.01)						-			-						-			-
Taxes other than income taxes			(0.02)			(0.02)						-			-						(0.02)			(0.02)
Depreciation and amortization			(0.05)			(0.05)			(g)			-			-						(0.04)			(0.04)
Other income (deductions)			0.13			0.13			(h)			0.01			0.01						0.15			0.15
Interest expense			(0.11)			(0.11)			(i)			(0.04)			(0.04)			(j)			(0.15)			(0.15)
Income taxes – other			0.01			0.01						-			-						-			-
Preferred dividend requirements and noncontrolling interests			-			-						-			-						-			-
Share effect			(0.06)			(0.06)						0.01			0.01						(0.05)			(0.05)			(k)
2026 earnings (loss)			1.34			1.34						(0.31)			(0.31)						1.03			1.03

h

Calculations may differ due to rounding

Appendix B-2: As-reported and adjusted earnings per share variance analysis (c), (d)
Year-to-date 2026 vs. 2025
(After-tax, per share in $)
			Utility									Parent & Other									Consolidated
			As- reported			Adjusted						As- reported			Adjusted						As- reported			Adjusted
2025 earnings (loss)			2.45			2.45						(0.59)			(0.59)						1.87			1.87
Operating revenue less: fuel, fuel-related exp. and gas purch. for resale; purch. power; and other reg. chgs. (credits) – net			0.07			0.07			(e)			-			-						0.07			0.07
Nuclear refueling outage expenses			0.02			0.02						-			-						0.02			0.02
Other O&M			(0.08)			(0.08)			(f)			-			-						(0.08)			(0.08)
Asset write-offs, impairments, and related charges			-			-						(0.03)			-			(l)			(0.03)			-
Decommissioning			(0.01)			(0.01)						-			-						(0.01)			(0.01)
Taxes other than income taxes			(0.04)			(0.04)			(m)			-			-						(0.04)			(0.04)
Depreciation and amortization			(0.09)			(0.09)			(g)			-			-						(0.09)			(0.09)
Other income (deductions)			0.46			0.46			(h)			0.01			0.01						0.48			0.48
Interest expense			(0.18)			(0.18)			(i)			(0.06)			(0.06)			(j)			(0.24)			(0.24)
Income taxes – other			0.02			0.02						-			-						0.02			0.02
Preferred dividend requirements and noncontrolling interests			(0.01)			(0.01)						-			-						(0.01)			(0.01)
Share effect			(0.12)			(0.12)						0.03			0.03						(0.09)			(0.09)			(k)
2026 earnings (loss)			2.51			2.51						(0.64)			(0.61)						1.87			1.90

h

Calculations may differ due to rounding

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(c)Utility operating revenue and Utility income taxes – other variances exclude the following for the return/collection of excess/deficient unprotected ADIT (net effect was neutral to earnings) ($ in millions):

			2Q26			2Q25			YTD26			YTD25
Utility operating revenue			(13)			(4)			(28)			(6)
Utility income taxes – other			13			4			28			6

(d)EPS effects of individual income statement line item variances are calculated by multiplying the pre-tax amount by the income tax rate that is expected to apply and dividing by diluted average number of common shares outstanding for the prior period. Income taxes – other represents income tax differences other than the income tax effect of individual line-item variances. Share effect captures the per share impact from the change in diluted average number of common shares outstanding.

(e)The second quarter and year-to-date earnings increases reflected the effect of rate actions including: E-AR’s FRP, E-AR’s Generating Arkansas Jobs Act Rider, E-LA’s FRP (including FRP riders), E-LA’s RPCR, E-MS’s FRP interim facilities rate adjustment, and E-TX’s DCRF. 2026 results included higher revenue related to the amortization of certain customer advances designed to provide a return on CWIP for certain utility plant investments, which is recognized as the related costs are incurred. The increases also reflected higher electric volume, including the effects of weather, as well as second quarter 2025 MISO capacity costs at E-TX prior to the implementation of a new capacity cost rider, which was effective June 2026. The increases were partially offset by the absence of revenues and gas purchase for resale from the natural gas LDC businesses that were sold in July 2025. Changes in regulatory provisions for decommissioning items was also a driver (based on regulatory treatment, decommissioning-related variances are offset in other line items and are largely earnings neutral). The year-to-date increase also included the effects of E-MS’s grid modernization rider.

Utility as-reported operating revenue less fuel, fuel-related expenses and gas purchased for resale; purchased power; and other regulatory charges (credits) – net variance analysis 2026 vs. 2025 ($ EPS)
			2Q			YTD
Electric volume / weather			0.04			0.03
Retail electric price			0.15			0.32
Return on CWIP for certain utility plant investments			0.07			0.12
E-TX MISO capacity costs			0.03			0.03
Sale of natural gas LDCs			(0.04)			(0.11)
Reg. provisions for decommissioning items			(0.07)			(0.36)
Other			0.02			0.05
Total			0.18			0.07

(f)The second quarter earnings decrease from higher Utility other O&M was primarily due to an increase in power delivery expenses driven by higher vegetation maintenance costs, as well as higher compensation and benefits costs resulting from higher healthcare claims activity and the timing of the recognition of prescription drug rebates. The second quarter decrease was partially offset by lower bad debt expense. The year-to-date earnings decrease from higher Utility other O&M was primarily due to an increase in power delivery expenses driven by higher vegetation maintenance costs, a higher scope of work performed in 2026 as compared to 2025, and increased labor costs. The year-to-date decrease also reflected higher compensation and benefits, primarily due to a revision to estimated incentive-based compensation expense in 2025. The year-to-date decrease was partially offset by higher nuclear insurance refunds, lower gas operation expenses resulting from the sale of natural gas LDC businesses, and decreases in loss provisions and bad debt expense.

(g)The second quarter and year-to-date earnings decreases from higher Utility depreciation and amortization were primarily due to higher plant in service. The decreases also reflected higher FERC jurisdictional depreciation rates at E-AR and E -LA effective Jan. 2026, and an increase in E-LA’s nuclear depreciation rates effective Sept. 2025.

(h)The second quarter and year-to-date earnings increases from higher Utility other income (deductions) included changes in nuclear decommissioning trust returns, including portfolio rebalancing in 2026 (based on regulatory treatment, decommissioning-related variances are offset in other line items and are largely earnings neutral). The increases also reflected higher amortization of tax gross ups on customer advances, including customer advances for construction as well as higher external interest income. The increases were partially offset by a true-up of E-LA’s MISO cost recovery mechanism.

(i)The second quarter and year-to-date earnings decreases from higher Utility interest expense were primarily due to higher debt balances, a higher average interest rate, and higher carrying costs on customer advances. The year-to-date decrease also reflected 2026 carrying costs on retained net proceeds from the monetization of nuclear production tax credits.

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(j)The second quarter and year-to-date earnings decreases from higher Parent & Other interest expense were primarily due to the issuance of $1.3 billion of junior subordinated debentures in Nov. 2025.

(k)The second quarter and year-to-date earnings per share decreases from share effect were due to higher diluted average number of common shares outstanding. The increases in shares outstanding were primarily due to the settlement of equity forwards in Oct. 2025, Feb. 2026, and June 2026 and the dilutive effect of an increase in the stock price on unsettled equity forwards.

(l)The year-to-date as-reported earnings decrease from higher Parent & Other asset write-offs, impairments, and related charges was due to a first quarter 2026 $(18 million) ($(14 million) after tax) non-cash impairment related to the expected sale of a non-utility business interest in the Independence power plant (considered an adjustment and excluded from adjusted earnings).

(m)The year-to-date earnings decrease from higher Utility taxes other than income taxes was primarily due to increases in ad valorem taxes resulting from higher assessments and millage rate increases.

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C: Utility operating and financial measures

Appendix C provides a comparison of Utility operating and financial measures.

Appendix C: Utility operating and financial measures
Second quarter and year-to-date 2026 vs. 2025
			Second quarter												Year-to-date
			2026			2025			% change			% weather adj. (n)			2026			2025									% change						% weather adj. (n)
GWh sold
Residential			8,736			8,899			(1.8)			2.8			16,792			17,683									(5.0)						(0.2)
Commercial			7,208			7,265			(0.8)			0.3			13,437			13,507									(0.5)						(0.1)
Governmental			617			617			-			1.6			1,172			1,176									(0.3)						0.3
Industrial			17,164			15,620			9.9			9.9			33,060			29,452									12.3						12.3
Total retail			33,725			32,401			4.1			5.7			64,461			61,818									4.3						5.9
Wholesale			3,338			4,133			(19.2)						6,127			5,767									6.2
Total			37,063			36,534			1.4						70,588			67,585									4.4
Number of electric retail customers
Residential															2,637,865			2,608,472									1.1
Commercial															374,149			371,699									0.7
Governmental															19,105			18,008									6.1
Industrial															39,892			41,227									(3.2)
Total															3,071,011			3,039,406									1.0
Other O&M and nuclear refueling outage exp. per MWh			$21.24			$20.33			4.4						$20.88			$21.28						(1.9)

Calculations may differ due to rounding

(n)The effects of weather were estimated using hourly heating degree days and cooling degree days for the period from various locations and comparing to a “normal” temperature range for each jurisdiction based on 20-year historical data. The models used to estimate weather are updated periodically and are subject to change.

For the quarter, weather-adjusted retail sales increased 5.7 percent. The increase was primarily due to a 9.9 percent increase in industrial volume driven by higher sales to data center, primary metals, and chlor-alkali customers. Residential sales were 2.8 percent higher.

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D: Consolidated financial measures

Appendix D provides comparative financial measures. Financial measures in this table include those calculated and presented in accordance with GAAP, as well as those that are considered non-GAAP financial measures.

Appendix D: GAAP and non-GAAP financial measures
2026 vs. 2025 (See Appendix F for reconciliation of GAAP to non-GAAP financial measures)
For 12 months ending June 30			2026			2025			Change
GAAP measure
As-reported ROE			10.4%			11.4%			(1)%
Non-GAAP financial measure
Adjusted ROE			10.5%			11.5%			(1)%
As of June 30 ($ in millions, except where noted)			2026			2025			Change
GAAP measures
Cash and cash equivalents			3,854			1,176			2,678
Available revolver capacity			4,346			4,345			1
Commercial paper			1,544			459			1,085
Total debt			34,749			30,522			4,227
Junior subordinated debentures			2,500			1,200			1,300
Securitization debt			213			230			(17)
Total debt to total capital			65%			65%			-
Storm escrows			314			303			11
Non-GAAP financial measures ($ in millions, except where noted)
FFO to adjusted debt			15.8%			15.1%			0.7%
Adjusted debt to adjusted capitalization			63%			63%			-
Adjusted net debt to adjusted net capitalization			60%			62%			(2)%
Gross liquidity			8,200			5,521			2,679
Net liquidity			10,026			7,631			2,395
Adjusted Parent debt to total adjusted debt			18%			17%			1%
Build-to-suit lease agreement (o)			1,450			-			1,450

Calculations may differ due to rounding

(o)Maximum counterparty commitment; see Form 10-K for the fiscal year ended Dec. 2025 for additional details.

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E: Definitions and abbreviations and acronyms

Appendix E-1 provides definitions of certain operating measures, as well as GAAP and non-GAAP financial measures.

Appendix E-1: Definitions
Utility operating and financial measures
Number of electric retail customers			Average number of electric customers over the period
Other O&M and refueling outage expense per MWh			Other operation and maintenance expense plus nuclear refueling outage expense per MWh of total sales
Financial measures – GAAP
As-reported ROE			Last twelve months net income attributable to Entergy Corp. divided by average common equity
Available revolver capacity			Amount of undrawn capacity remaining on corporate and subsidiary revolvers
Securitization debt			Debt on the balance sheet associated with securitization bonds that is secured by certain future customer collections
Total capitalization			Total debt plus subsidiaries’ preferred stock without sinking fund plus total equity
Total debt			Sum of short-term and long-term debt, notes payable, and commercial paper
Total debt to total capitalization			Total debt divided by total capitalization
Financial measures – non-GAAP
Adjusted capitalization			Total capitalization excluding securitization debt
Adjusted debt			Total debt excluding securitization debt and 50% of junior subordinated debentures
Adjusted debt to adjusted capitalization			Adjusted debt divided by adjusted capitalization
Adjusted earnings (loss)			As-reported earnings (loss) minus adjustments
Adjusted EPS			Adjusted earnings (loss) divided by the diluted average number of common shares outstanding
Adjusted net capitalization			Adjusted capitalization minus cash and cash equivalents
Adjusted net debt			Adjusted debt minus cash and cash equivalents
Adjusted net debt to adjusted net capitalization			Adjusted net debt divided by adjusted net capitalization
Adjusted Parent debt			Entergy Corp. debt, including amounts drawn on credit revolver and commercial paper facilities plus unamortized debt issuance costs and discounts minus 50% of junior subordinated debentures
Adjusted Parent debt to total adjusted debt			Adjusted Parent debt divided by consolidated adjusted debt
Adjusted ROE			Last twelve months adjusted earnings divided by average common equity
Adjusted ROE excluding affiliate preferred			Last twelve months adjusted earnings, excluding dividend income from affiliate preferred as well as the after-tax cost of debt financing for preferred investment, divided by average common equity adjusted to exclude the estimated equity associated with the affiliate preferred investment
Adjustments			Unusual or non-recurring items or events or other items or events that management believes do not reflect the ongoing business of Entergy, such as significant income tax items, certain items recorded as a result of regulatory settlements or decisions, and certain unusual costs or expenses
FFO			Last twelve months OCF minus preferred dividend requirements of subsidiaries, working capital items in OCF (receivables, fuel inventory, accounts payable, taxes accrued, interest accrued, deferred fuel costs, customer advances – current, and other working capital accounts), 50% of interest on junior subordinated debentures, and securitization regulatory charges
FFO to adjusted debt			Last twelve months FFO divided by end of period adjusted debt
Gross liquidity			Sum of cash and cash equivalents plus available revolver capacity
Net liquidity			Sum of cash and cash equivalents, available revolver capacity, escrow accounts available for certain storm expenses, and equity sold forward but not yet settled minus commercial paper

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Appendix E-2 explains abbreviations and acronyms used in the quarterly earnings materials.

Appendix E-2: Abbreviations and acronyms
A&G ACM ADIT AFUDC APSC BESS CAGR CCCT CCNO CFO COD CT CWIP DCRF DRM E-AR E-LA E-MS E-NO E-TX EPS ETR FFO FRP GAAP GCRR GGO Grand Gulf or GGNS Independence LDC			Administrative and general expenses Additional Capacity Mechanism Accumulated deferred income taxes Allowance for funds used during construction Arkansas Public Service Commission Battery and energy storage system Compound annual growth rate Combined cycle combustion turbine Council of the City of New Orleans Cash from operations Commercial operation date Combustion turbine Construction work in progress Distribution Cost Recovery Factor Distribution Recovery Mechanism Entergy Arkansas, LLC Entergy Louisiana, LLC Entergy Mississippi, LLC Entergy New Orleans, LLC Entergy Texas, Inc. Earnings per share Entergy Corporation Funds from operations Formula rate plan U.S. generally accepted accounting principles Generation Cost Recovery Rider Geaux Green Option Unit 1 of Grand Gulf Nuclear Station (nuclear), 90% owned or leased by SERI Independence Steam Electric Station Local distribution company			LPSC LTM MCRM MISO Moody’s MPSC NDT NYSE O&M OCAPS OCF OpCo Other O&M P&O PMR PPA PUCT RECs RSHCR ROE RPCR S&P SEC SERI TAM TCRF TRM VMR WACC			Louisiana Public Service Commission Last twelve months MISO Cost Recovery Mechanism Midcontinent Independent System Operator, Inc. Moody’s Ratings Mississippi Public Service Commission Nuclear decommissioning trust New York Stock Exchange Operation and maintenance Orange County Advanced Power Station (CCCT) Net cash flow provided by operating activities Utility operating company Other operation and maintenance expense Parent & Other Performance Management Rider Power purchase agreement or purchased power agreement Public Utility Commission of Texas Renewable energy certificates Resilience and Storm Hardening Cost Recovery Return on equity Resilience Plan Cost Recovery Rider Standard & Poor’s U.S. Securities and Exchange Commission System Energy Resources, Inc. Tax Adjustment Mechanism Transmission Cost Recovery Factor Transmission Recovery Mechanism Vegetation management rider Weighted average cost of capital

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F: Other GAAP to non-GAAP reconciliations

Appendix F-1, Appendix F-2, and Appendix F-3 provide reconciliations of various non-GAAP financial measures disclosed in this news release to their most comparable GAAP measure.

Appendix F-1: Reconciliation of GAAP to non-GAAP financial measures – ROE
(LTM $ in millions except where noted)						Second quarter
						2026			2025
As-reported net income attributable to Entergy Corporation			(A)			1,797			1,760
Adjustments			(B)			(14)			(5)
Adjusted earnings (non-GAAP)			(C)=(A-B)			1,811			1,765
Average common equity (average of beginning and ending balances)			(D)			17,221			15,390
As-reported ROE			(A/D)			10.4%			11.4%
Adjusted ROE (non-GAAP)			(C/D)			10.5%			11.5%

Calculations may differ due to rounding

Appendix F-2: Reconciliation of GAAP to non-GAAP financial measures – FFO to adjusted debt
($ in millions except where noted)						Second quarter
						2026			2025
Total debt			(A)			34,749			30,522
Securitization debt			(B)			213			230
50% junior subordinated debentures			(C)			1,250			600
Adjusted debt (non-GAAP)			(D)=(A-B-C)			33,286			29,692
Net cash flow provided by operating activities, LTM			(E)			6,075			4,740
Preferred dividend requirements of subsidiaries, LTM			(F)			(18)			(18)
50% of the interest expense associated with junior subordinated debentures, LTM			(G)			(68)			(43)
Working capital items in net cash flow provided by operating activities, LTM:
Receivables						(30)			(84)
Fuel inventory						38			(1)
Accounts payable						226			208
Taxes accrued						69			18
Interest accrued						49			45
Deferred fuel costs						(139)			(216)
Customer advances – current						918			455
Other working capital accounts						(244)			(109)
Securitization regulatory charges, LTM						18			17
Total			(H)			904			332
FFO, LTM (non-GAAP)			(I)=(E-F-G-H)			5,257			4,469
FFO to adjusted debt (non-GAAP)			(I/D)			15.8%			15.1%

Calculations may differ due to rounding

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Appendix F-3: Reconciliation of GAAP to non-GAAP financial measures – adjusted debt ratios; gross liquidity; and net liquidity
($ in millions except where noted)						Second quarter
						2026			2025
Total debt			(A)			34,749			30,522
Securitization debt			(B)			213			230
50% junior subordinated debentures			(C)			1,250			600
Adjusted debt (non-GAAP)			(D)=(A-B-C)			33,286			29,692
Cash and cash equivalents			(E)			3,854			1,176
Adjusted net debt (non-GAAP)			(F)=(D-E)			29,432			28,516
Commercial paper			(G)			1,544			459
Total capitalization			(H)			53,289			47,050
Securitization debt			(B)			213			230
Adjusted capitalization (non-GAAP)			(I)=(H-B)			53,076			46,820
Cash and cash equivalents			(E)			3,854			1,176
Adjusted net capitalization (non-GAAP)			(J)=(I-E)			49,222			45,644
Total debt to total capitalization			(A/H)			65%			65%
Adjusted debt to adjusted capitalization (non-GAAP)			(D/I)			63%			63%
Adjusted net debt to adjusted net capitalization (non-GAAP)			(F/J)			60%			62%
Available revolver capacity			(K)			4,346			4,345
Storm escrows			(L)			314			303
Equity sold forward, not yet settled (p)			(M)			3,056			2,266
Gross liquidity (non-GAAP)			(N)=(E+K)			8,200			5,521
Net liquidity (non-GAAP)			(N-G+L+M)			10,026			7,631
Entergy Corporation notes:
Due September 2025						-			800
Due September 2026						750			750
Due June 2028						650			650
Due June 2030						600			600
Due June 2031						650			650
Due June 2050						600			600
Junior subordinated debentures due Dec. 2054						1200			1,200
Junior subordinated debentures due June 2056						700			-
Junior subordinated debentures due June 2056						600			-
Total Parent long-term debt			(O)			5,750			5,250
Revolver drawn			(P)			-			-
Unamortized debt issuance costs and discounts			(Q)			(53)			(42)
Total Parent debt			(R)=(G+O+P+Q)			7,242			5,667
Adjusted Parent debt (non-GAAP)			(S)=(R-C)			5,992			5,067
Adjusted Parent debt to total adjusted debt (non-GAAP)			(S/D)			18%			17%

Calculations may differ due to rounding

(p)Reflects adjustments, including for common dividends between contracting and settlement.

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Financial statements

Entergy Corporation
Consolidating Balance Sheet
June 30, 2026
(Dollars in thousands)
(Unaudited)
						Utility						Parent & Other						Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents:
Cash						$	55,591					$	62,598					$	118,189
Temporary cash investments						3,507,668						228,188						3,735,856
Total cash and cash equivalents						3,563,259						290,786						3,854,045
Accounts receivable:
Customer						872,618						—						872,618
Allowance for doubtful accounts						(29,436)						—						(29,436)
Associated companies						4,346						(4,346)						—
Other						226,001						4,058						230,059
Accrued unbilled revenues						635,234						—						635,234
Total accounts receivable						1,708,763						(288)						1,708,475
Deferred fuel costs						192,004						—						192,004
Fuel inventory - at average cost						135,171						2,482						137,653
Materials and supplies						1,782,001						2,543						1,784,544
Deferred nuclear refueling outage costs						125,220						—						125,220
Prepayments and other						548,640						(146,380)						402,260
TOTAL						8,055,058						149,143						8,204,201
OTHER PROPERTY AND INVESTMENTS
Investment in affiliates						3,889,949						(3,889,949)						—
Decommissioning trust funds						6,722,325						—						6,722,325
Non-utility property - at cost (less accumulated depreciation)						473,479						6,440						479,919
Storm reserve escrow accounts						314,335						—						314,335
Other						62,001						66,793						128,794
TOTAL						11,462,089						(3,816,716)						7,645,373
PROPERTY, PLANT, AND EQUIPMENT
Electric						76,445,043						100,828						76,545,871
Construction work in progress						9,018,714						139						9,018,853
Nuclear fuel						809,430						—						809,430
TOTAL PROPERTY, PLANT, AND EQUIPMENT						86,273,187						100,967						86,374,154
Less - accumulated depreciation and amortization						29,178,225						72,493						29,250,718
PROPERTY, PLANT, AND EQUIPMENT - NET						57,094,962						28,474						57,123,436
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Other regulatory assets						4,871,706						—						4,871,706
Deferred fuel costs						172,201						—						172,201
Goodwill						367,582						—						367,582
Accumulated deferred income taxes						25,986						3,733						29,719
Other						629,654						(41,254)						588,400
TOTAL						6,067,129						(37,521)						6,029,608
TOTAL ASSETS						$	82,679,238					$	(3,676,620)					$	79,002,618
*Totals may not foot due to rounding.

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Entergy Corporation
Consolidating Balance Sheet
June 30, 2026
(Dollars in thousands)
(Unaudited)
						Utility						Parent & Other						Consolidated
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Currently maturing long-term debt						$	760,174					$	750,000					$	1,510,174
Notes payable and commercial paper:
Associated companies						45,564						(45,564)						—
Other						25,313						1,544,183						1,569,496
Accounts payable:
Associated companies						37,596						(37,596)						—
Other						2,713,471						2,751						2,716,222
Customer deposits						491,361						—						491,361
Taxes accrued						552,551						(15,161)						537,390
Interest accrued						310,212						20,953						331,165
Deferred fuel costs						20,861						—						20,861
Pension and other postretirement liabilities						50,253						11,112						61,365
Customer advances						1,470,056						—						1,470,056
Other						286,506						3,995						290,501
TOTAL						6,763,918						2,234,673						8,998,591
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued						7,842,544						(1,966,880)						5,875,664
Accumulated deferred investment tax credits						183,073						—						183,073
Regulatory liability for income taxes - net						1,034,742						—						1,034,742
Other regulatory liabilities						3,989,788						—						3,989,788
Customer advances						170,298						—						170,298
Decommissioning and asset retirement cost liabilities						5,062,850						694						5,063,544
Accumulated provisions						471,949						220						472,169
Pension and other postretirement liabilities						70,591						18,021						88,612
Long-term debt						26,600,155						4,947,497						31,547,652
Customer advances for construction						2,086,359						—						2,086,359
Other						1,356,994						(404,964)						952,030
TOTAL						48,869,343						2,594,588						51,463,931
Subsidiaries' preferred stock without sinking fund						195,161						24,249						219,410
EQUITY
Preferred stock, no par value, authorized 1,000,000 shares;
issued shares in 2026 - none						—						—						—
Common stock, $0.01 par value, authorized 998,000,000 shares;																		—
issued 596,525,807 shares in 2026						2,280,842						(2,274,877)						5,965
Paid-in capital						5,785,308						4,181,182						9,966,490
Retained earnings						18,769,152						(5,789,092)						12,980,060
Accumulated other comprehensive income						40,198						(41,288)						(1,090)
Less - treasury stock, at cost (129,894,309 shares in 2026)						120,000						4,602,305						4,722,305
TOTAL SHAREHOLDERS' EQUITY						26,755,500						(8,526,380)						18,229,120
Subsidiaries' preferred stock without sinking fund
and noncontrolling interests						95,316						(3,750)						91,566
TOTAL						26,850,816						(8,530,130)						18,320,686
TOTAL LIABILITIES AND EQUITY						$	82,679,238					$	(3,676,620)					$	79,002,618
*Totals may not foot due to rounding.

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Entergy Corporation
Consolidating Balance Sheet
December 31, 2025
(Dollars in thousands)
(Unaudited)
						Utility						Parent & Other						Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents:
Cash						$	39,221					$	6,674					$	45,895
Temporary cash investments						1,817,764						65,257						1,883,021
Total cash and cash equivalents						1,856,985						71,931						1,928,916
Accounts receivable:
Customer						735,734						—						735,734
Allowance for doubtful accounts						(32,324)						—						(32,324)
Associated companies						4,643						(4,643)						—
Other						239,157						3,245						242,402
Accrued unbilled revenues						524,420						—						524,420
Total accounts receivable						1,471,630						(1,398)						1,470,232
Deferred fuel costs						54,133						—						54,133
Fuel inventory - at average cost						125,480						6,494						131,974
Materials and supplies						1,705,669						4,726						1,710,395
Deferred nuclear refueling outage costs						86,497						—						86,497
Prepayments and other						431,881						(7,177)						424,704
TOTAL						5,732,275						74,576						5,806,851
OTHER PROPERTY AND INVESTMENTS
Investment in affiliates						4,014,624						(4,014,624)						—
Decommissioning trust funds						6,300,880						—						6,300,880
Non-utility property - at cost (less accumulated depreciation)						475,121						6,469						481,590
Storm reserve escrow accounts						308,784						—						308,784
Other						57,013						67,401						124,414
TOTAL						11,156,422						(3,940,754)						7,215,668
PROPERTY, PLANT, AND EQUIPMENT
Electric						74,546,777						204,140						74,750,917
Construction work in progress						6,018,996						1,012						6,020,008
Nuclear fuel						834,690						—						834,690
TOTAL PROPERTY, PLANT, AND EQUIPMENT						81,400,463						205,152						81,605,615
Less - accumulated depreciation and amortization						28,598,552						152,449						28,751,001
PROPERTY, PLANT, AND EQUIPMENT - NET						52,801,911						52,703						52,854,614
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
Other regulatory assets						5,005,976						—						5,005,976
Deferred fuel costs						172,201						—						172,201
Goodwill						367,582						—						367,582
Accumulated deferred income taxes						12,311						3,229						15,540
Other						477,426						(25,128)						452,298
TOTAL						6,035,496						(21,899)						6,013,597
TOTAL ASSETS						$	75,726,104					$	(3,835,374)					$	71,890,730
*Totals may not foot due to rounding.

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Entergy Corporation
Consolidating Balance Sheet
December 31, 2025
(Dollars in thousands)
(Unaudited)
						Utility						Parent & Other						Consolidated
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Currently maturing long-term debt						$	1,625,140					$	750,000					$	2,375,140
Notes payable and commercial paper:
Other						20,012						637,762						657,774
Accounts payable:
Associated companies						43,470						(43,470)						—
Other						2,560,083						5,463						2,565,546
Customer deposits						479,796						—						479,796
Taxes accrued						526,984						(1,795)						525,189
Interest accrued						256,476						29,181						285,657
Deferred fuel costs						14,562						—						14,562
Pension and other postretirement liabilities						51,906						11,308						63,214
Customer advances						632,850						—						632,850
Other						218,775						4,465						223,240
TOTAL						6,430,054						1,392,914						7,822,968
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued						7,503,093						(1,910,412)						5,592,681
Accumulated deferred investment tax credits						187,173						—						187,173
Regulatory liability for income taxes - net						1,079,699						—						1,079,699
Other regulatory liabilities						3,911,839						—						3,911,839
Customer advances						35,000						—						35,000
Decommissioning and asset retirement cost liabilities						4,943,671						3,859						4,947,530
Accumulated provisions						495,549						230						495,779
Pension and other postretirement liabilities						70,484						43,446						113,930
Long-term debt						22,956,499						4,945,522						27,902,021
Customer advances for construction						1,615,455						—						1,615,455
Other						1,359,531						(406,453)						953,078
TOTAL						44,157,993						2,676,192						46,834,185
Subsidiaries' preferred stock without sinking fund						195,161						24,249						219,410
EQUITY
Preferred stock, no par value, authorized 1,000,000 shares;
issued shares in 2025 - none						—						—						—
Common stock, $0.01 par value, authorized 998,000,000 shares;
issued 583,203,774 shares in 2025						2,280,842						(2,275,010)						5,832
Paid-in capital						5,420,248						3,559,139						8,979,387
Retained earnings						17,223,994						(4,525,558)						12,698,436
Accumulated other comprehensive income (loss)						42,971						(45,977)						(3,006)
Less - treasury stock, at cost (130,864,409 shares in 2025)						120,000						4,637,573						4,757,573
TOTAL SHAREHOLDERS' EQUITY						24,848,055						(7,924,979)						16,923,076
Subsidiaries' preferred stock without sinking fund
and noncontrolling interests						94,841						(3,750)						91,091
TOTAL						24,942,896						(7,928,729)						17,014,167
TOTAL LIABILITIES AND EQUITY						$	75,726,104					$	(3,835,374)					$	71,890,730
*Totals may not foot due to rounding.

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Entergy Corporation
Consolidating Income Statement
Three Months Ended June 30, 2026
(Dollars in thousands)
(Unaudited)
						Utility						Parent & Other						Consolidated
OPERATING REVENUES
Electric						$	3,513,488					$	—					$	3,513,488
Other						—						10,150						10,150
Total						3,513,488						10,150						3,523,638
OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel related expenses, and gas purchased for resale						756,802						2,541						759,343
Purchased power						305,250						1,993						307,243
Nuclear refueling outage expenses						28,433						—						28,433
Other operation and maintenance						758,723						12,695						771,418
Decommissioning						59,460						63						59,523
Taxes other than income taxes						214,095						675						214,770
Depreciation and amortization						547,671						508						548,179
Other regulatory charges (credits) - net						(15,360)						—						(15,360)
Total						2,655,074						18,475						2,673,549
OPERATING INCOME						858,414						(8,325)						850,089
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction						54,741						—						54,741
Interest and investment income						243,168						(68,260)						174,908
Miscellaneous - net						(48,391)						(1,596)						(49,987)
Total						249,518						(69,856)						179,662
INTEREST EXPENSE
Interest expense						351,493						81,621						433,114
Allowance for borrowed funds used during construction						(22,861)						—						(22,861)
Total						328,632						81,621						410,253
INCOME BEFORE INCOME TAXES						779,300						(159,802)						619,498
Income taxes						148,924						(17,246)						131,678
CONSOLIDATED NET INCOME						630,376						(142,556)						487,820
Preferred dividend requirements of subsidiaries and noncontrolling interests						4,714						499						5,213
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION						$	625,662					$	(143,055)					$	482,607
EARNINGS PER AVERAGE COMMON SHARE:
BASIC						$1.36						($0.31)						$1.05
DILUTED						$1.34						($0.31)						$1.03
AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
BASIC																		458,745,729
DILUTED																		466,308,890
*Totals may not foot due to rounding.

Page 23

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Entergy Corporation
Consolidating Income Statement
Three Months Ended June 30, 2025
(Dollars in thousands)
(Unaudited)
						Utility						Parent & Other						Consolidated
OPERATING REVENUES
Electric						$	3,274,945					$	—					$	3,274,945
Natural gas						40,778						—						40,778
Other						—						13,126						13,126
Total						3,315,723						13,126						3,328,849
OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel related expenses, and gas purchased for resale						631,773						4,501						636,274
Purchased power						372,842						3,263						376,105
Nuclear refueling outage expenses						29,613						—						29,613
Other operation and maintenance						713,296						11,167						724,463
Decommissioning						56,490						79						56,569
Taxes other than income taxes						200,784						990						201,774
Depreciation and amortization						520,896						1,687						522,583
Other regulatory charges (credits) - net						(55,957)						—						(55,957)
Total						2,469,737						21,687						2,491,424
OPERATING INCOME						845,986						(8,561)						837,425
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction						51,305						—						51,305
Interest and investment income						160,248						(72,829)						87,419
Miscellaneous - net						(41,497)						(2,225)						(43,722)
Total						170,056						(75,054)						95,002
INTEREST EXPENSE
Interest expense						282,026						61,041						343,067
Allowance for borrowed funds used during construction						(20,993)						—						(20,993)
Total						261,033						61,041						322,074
INCOME BEFORE INCOME TAXES						755,009						(144,656)						610,353
Income taxes						152,836						(14,437)						138,399
CONSOLIDATED NET INCOME						602,173						(130,219)						471,954
Preferred dividend requirements of subsidiaries and noncontrolling interests						3,525						499						4,024
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION						$	598,648					$	(130,718)					$	467,930
EARNINGS PER AVERAGE COMMON SHARE:
BASIC						$1.36						($0.30)						$1.07
DILUTED						$1.34						($0.29)						$1.05
AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
BASIC																		439,182,369
DILUTED																		445,700,889
*Totals may not foot due to rounding.

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Entergy Corporation
Consolidating Income Statement
Six Months Ended June 30, 2026
(Dollars in thousands)
(Unaudited)
						Utility						Parent & Other						Consolidated
OPERATING REVENUES
Electric						$	6,683,761					$	—					$	6,683,761
Other						—						27,503						27,503
Total						6,683,761						27,503						6,711,264
OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel related expenses, and gas purchased for resale						1,362,097						9,070						1,371,167
Purchased power						663,755						6,531						670,286
Nuclear refueling outage expenses						52,576						—						52,576
Other operation and maintenance						1,421,165						23,818						1,444,983
Asset write-offs, impairments, and related charges						—						18,059						18,059
Decommissioning						118,194						147						118,341
Taxes other than income taxes						420,082						1,212						421,294
Depreciation and amortization						1,086,299						2,009						1,088,308
Other regulatory charges (credits) - net						103,939						—						103,939
Total						5,228,107						60,846						5,288,953
OPERATING INCOME						1,455,654						(33,343)						1,422,311
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction						102,081						—						102,081
Interest and investment income						526,847						(136,129)						390,718
Miscellaneous - net						(16,796)						(10,228)						(27,024)
Total						612,132						(146,357)						465,775
INTEREST EXPENSE
Interest expense						674,734						158,296						833,030
Allowance for borrowed funds used during construction						(43,037)						—						(43,037)
Total						631,697						158,296						789,993
INCOME BEFORE INCOME TAXES						1,436,089						(337,996)						1,098,093
Income taxes						260,328						(40,860)						219,468
CONSOLIDATED NET INCOME						1,175,761						(297,136)						878,625
Preferred dividend requirements of subsidiaries and noncontrolling interests						10,104						998						11,102
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION						$	1,165,657					$	(298,134)					$	867,523
EARNINGS PER AVERAGE COMMON SHARE:
BASIC						$2.55						($0.65)						$1.90
DILUTED						$2.51						($0.64)						$1.87
AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
BASIC																		457,240,145
DILUTED																		464,415,110
*Totals may not foot due to rounding.

Page 25

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Entergy Corporation
Consolidating Income Statement
Six Months Ended June 30, 2025
(Dollars in thousands)
(Unaudited)
						Utility						Parent & Other						Consolidated
OPERATING REVENUES
Electric						$	6,032,811					$	—					$	6,032,811
Natural gas						112,509						—						112,509
Other						—						30,403						30,403
Total						6,145,320						30,403						6,175,723
OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel related expenses, and gas purchased for resale						970,756						10,040						980,796
Purchased power						714,926						6,925						721,851
Nuclear refueling outage expenses						62,654						—						62,654
Other operation and maintenance						1,375,770						21,360						1,397,130
Decommissioning						112,342						156						112,498
Taxes other than income taxes						398,929						1,610						400,539
Depreciation and amortization						1,032,231						3,295						1,035,526
Other regulatory charges (credits) - net						(72,800)						—						(72,800)
Total						4,594,808						43,386						4,638,194
OPERATING INCOME						1,550,512						(12,983)						1,537,529
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction						95,323						—						95,323
Interest and investment income						267,423						(146,598)						120,825
Miscellaneous - net						(24,770)						(4,226)						(28,996)
Total						337,976						(150,824)						187,152
INTEREST EXPENSE
Interest expense						567,750						123,701						691,451
Allowance for borrowed funds used during construction						(39,586)						—						(39,586)
Total						528,164						123,701						651,865
INCOME BEFORE INCOME TAXES						1,360,324						(287,508)						1,072,816
Income taxes						267,109						(28,669)						238,440
CONSOLIDATED NET INCOME						1,093,215						(258,839)						834,376
Preferred dividend requirements of subsidiaries and noncontrolling interests						4,688						998						5,686
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION						$	1,088,527					$	(259,837)					$	828,690
EARNINGS PER AVERAGE COMMON SHARE:
BASIC						$2.50						($0.60)						$1.91
DILUTED						$2.45						($0.59)						$1.87
AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
BASIC																		434,789,473
DILUTED																		443,446,875
*Totals may not foot due to rounding.

Page 26

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Entergy Corporation
Consolidating Income Statement
Twelve Months Ended June 30, 2026
(Dollars in thousands)
(Unaudited)
						Utility						Parent & Other						Consolidated
OPERATING REVENUES
Electric						$	13,426,264					$	—					$	13,426,264
Natural gas						98						—						98
Other						—						55,865						55,865
Total						13,426,362						55,865						13,482,227
OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel related expenses, and gas purchased for resale						2,729,688						20,086						2,749,774
Purchased power						1,176,544						12,889						1,189,433
Nuclear refueling outage expenses						103,351						—						103,351
Other operation and maintenance						3,058,395						44,555						3,102,950
Asset write-offs, impairments, and related charges						12,795						18,059						30,854
Decommissioning						233,408						311						233,719
Taxes other than income taxes						837,053						2,366						839,419
Depreciation and amortization						2,125,122						5,352						2,130,474
Other regulatory charges (credits) - net						15,193						—						15,193
Total						10,291,549						103,618						10,395,167
OPERATING INCOME						3,134,813						(47,753)						3,087,060
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction						187,484						—						187,484
Interest and investment income						864,427						(277,186)						587,241
Miscellaneous - net						(77,861)						(12,588)						(90,449)
Total						974,050						(289,774)						684,276
INTEREST EXPENSE
Interest expense						1,269,005						285,529						1,554,534
Allowance for borrowed funds used during construction						(79,755)						—						(79,755)
Total						1,189,250						285,529						1,474,779
INCOME BEFORE INCOME TAXES						2,919,613						(623,056)						2,296,557
Income taxes						544,491						(65,511)						478,980
CONSOLIDATED NET INCOME						2,375,122						(557,545)						1,817,577
Preferred dividend requirements of subsidiaries and noncontrolling interests						18,476						1,996						20,472
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION						$	2,356,646					$	(559,541)					$	1,797,105
EARNINGS PER AVERAGE COMMON SHARE:
BASIC						$5.20						($1.23)						$3.97
DILUTED						$5.12						($1.22)						$3.90
AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
BASIC																		453,162,554
DILUTED																		460,266,587
*Totals may not foot due to rounding.

Page 27

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Entergy Corporation
Consolidating Income Statement
Twelve Months Ended June 30, 2025
(Dollars in thousands)
(Unaudited)
						Utility						Parent & Other						Consolidated
OPERATING REVENUES
Electric						$	12,047,990					$	—					$	12,047,990
Natural gas						189,555						—						189,555
Other						—						69,583						69,583
Total						12,237,545						69,583						12,307,128
OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel related expenses, and gas purchased for resale						2,066,600						31,904						2,098,504
Purchased power						1,109,368						22,872						1,132,240
Nuclear refueling outage expenses						133,133						—						133,133
Other operation and maintenance						2,860,230						46,331						2,906,561
Asset write-offs, impairments, and related charges (credits)						—						(24,641)						(24,641)
Decommissioning						224,729						275						225,004
Taxes other than income taxes						770,838						2,700						773,538
Depreciation and amortization						2,037,073						6,597						2,043,670
Other regulatory charges (credits) - net						(313,887)						—						(313,887)
Total						8,888,084						86,038						8,974,122
OPERATING INCOME						3,349,461						(16,455)						3,333,006
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction						172,299						—						172,299
Interest and investment income						493,181						(294,774)						198,407
Miscellaneous - net						(105,355)						(20,317)						(125,672)
Total						560,125						(315,091)						245,034
INTEREST EXPENSE
Interest expense						1,060,285						255,748						1,316,033
Allowance for borrowed funds used during construction						(70,125)						—						(70,125)
Total						990,160						255,748						1,245,908
INCOME BEFORE INCOME TAXES						2,919,426						(587,294)						2,332,132
Income taxes						635,209						(70,369)						564,840
CONSOLIDATED NET INCOME						2,284,217						(516,925)						1,767,292
Preferred dividend requirements of subsidiaries and noncontrolling interests						5,218						1,997						7,215
NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION						$	2,278,999					$	(518,922)					$	1,760,077
EARNINGS PER AVERAGE COMMON SHARE:
BASIC						$5.28						($1.20)						$4.08
DILUTED						$5.19						($1.18)						$4.01
AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
BASIC																		431,697,791
DILUTED																		439,029,562
*Totals may not foot due to rounding.

Page 28

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Entergy Corporation
Consolidated Cash Flow Statement
Three Months Ended June 30, 2026 vs. 2025
(Dollars in thousands)
(Unaudited)
						2026						2025						Variance
OPERATING ACTIVITIES
Consolidated net income						$	487,820					$	471,954					$	15,866
Adjustments to reconcile consolidated net income to net cash
flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization						671,470						632,638						38,832
Deferred income taxes, tax credits, and non-current taxes accrued						134,817						136,301						(1,484)
Changes in working capital:
Receivables						(290,601)						(326,522)						35,921
Fuel inventory						(7,866)						(8,113)						247
Accounts payable						107,920						136,058						(28,138)
Taxes accrued						121,935						106,819						15,116
Interest accrued						(1,739)						11,272						(13,011)
Deferred fuel costs						177,038						14,031						163,007
Customer advances - current						489,386						197,992						291,394
Other working capital accounts						(2,092)						(64,325)						62,233
Changes in provisions for estimated losses						9,082						(4,205)						13,287
Changes in other regulatory assets						19,038						19,705						(667)
Changes in other regulatory liabilities						417,323						221,843						195,480
Change in customer advances - non-current						18,100						—						18,100
Changes in pension and other postretirement funded status						(46,382)						(46,134)						(248)
Other						(412,460)						(237,712)						(174,748)
Net cash flow provided by operating activities						1,892,789						1,261,602						631,187
INVESTING ACTIVITIES
Construction/capital expenditures						(2,778,526)						(2,008,157)						(770,369)
Allowance for equity funds used during construction						54,741						39,143						15,598
Nuclear fuel purchases						(49,030)						(40,567)						(8,463)
Payment for purchase of plant						(263)						(326)						63
Insurance proceeds received for property damages						14,282						—						14,282
Changes in securitization account						5,942						8,747						(2,805)
Payments to storm reserve escrow accounts						(2,784)						(2,360)						(424)
Decrease (increase) in other investments						83,477						(2,131)						85,608
Proceeds from nuclear decommissioning trust fund sales						602,192						348,265						253,927
Investment in nuclear decommissioning trust funds						(601,090)						(373,065)						(228,025)
Net cash flow used in investing activities						(2,671,059)						(2,030,451)						(640,608)
FINANCING ACTIVITIES
Proceeds from the issuance of:
Long-term debt						944,166						1,070,099						(125,933)
Treasury stock						4,942						1,879						3,063
Common stock						671,460						804,631						(133,171)
Retirement of long-term debt						(573,889)						(746,974)						173,085
Changes in commercial paper - net						187,142						(854,380)						1,041,522
Customer advances received for construction						624,156						520,995						103,161
Customer advances used for construction						(245,319)						(95,938)						(149,381)
Other						(253,785)						(6,196)						(247,589)
Dividends paid:
Common stock						(293,032)						(258,467)						(34,565)
Preferred stock						(4,579)						(4,579)						—
Net cash flow provided by financing activities						1,061,262						431,070						630,192
Net increase in cash and cash equivalents						282,992						(337,779)						620,771
Cash and cash equivalents at beginning of period						3,571,053						1,513,410						2,057,643
Cash and cash equivalents at end of period						$	3,854,045					$	1,175,631					$	2,678,414
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Interest - net of amount capitalized						$	396,608					$	321,381					$	75,227
Income taxes - net						$	(1,878)					$	3,739					$	(5,617)
Noncash investing activities:
Accrued construction expenditures						$	345,529					$	(80,140)					$	425,669

Page 29

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Entergy Corporation
Consolidated Cash Flow Statement
Year to Date June 30, 2026 vs. 2025
(Dollars in thousands)
(Unaudited)
						2026						2025						Variance
OPERATING ACTIVITIES
Consolidated net income						$	878,625					$	834,376					$	44,249
Adjustments to reconcile consolidated net income to net cash
flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization						1,326,139						1,255,204						70,935
Deferred income taxes, tax credits, and non-current taxes accrued						220,890						231,274						(10,384)
Asset write-offs, impairments, and related charges						18,059						—						18,059
Changes in working capital:
Receivables						(225,491)						(275,045)						49,554
Fuel inventory						(5,679)						(4,852)						(827)
Accounts payable						134,118						(53,439)						187,557
Taxes accrued						12,201						11,230						971
Interest accrued						45,508						22,867						22,641
Deferred fuel costs						(131,572)						(263,205)						131,633
Customer advances - current						740,977						303,791						437,186
Other working capital accounts						(118,766)						(58,819)						(59,947)
Changes in provisions for estimated losses						(23,610)						(38,444)						14,834
Changes in other regulatory assets						134,270						174,523						(40,253)
Changes in other regulatory liabilities						32,992						20,040						12,952
Change in customer advances - non-current						135,298						25,000						110,298
Changes in pension and other postretirement funded status						(105,395)						(104,968)						(427)
Other						(346,811)						(281,743)						(65,068)
Net cash flow provided by operating activities						2,721,753						1,797,790						923,963
INVESTING ACTIVITIES
Construction/capital expenditures						(5,030,819)						(3,668,326)						(1,362,493)
Allowance for equity funds used during construction						102,081						83,161						18,920
Nuclear fuel purchases						(199,768)						(129,124)						(70,644)
Payment for purchase of plant						(263)						(1,608)						1,345
Insurance proceeds received for property damages						14,282						—						14,282
Changes in securitization account						215						3,309						(3,094)
Payments to storm reserve escrow accounts						(5,551)						(6,808)						1,257
Receipts from storm reserve escrow accounts						—						43,789						(43,789)
Increase (decrease) in other investments						65,548						(1,659)						67,207
Litigation proceeds for reimbursement of spent nuclear fuel storage costs						—						3,546						(3,546)
Proceeds from nuclear decommissioning trust fund sales						1,548,167						713,102						835,065
Investment in nuclear decommissioning trust funds						(1,586,838)						(780,211)						(806,627)
Net cash flow used in investing activities						(5,092,946)						(3,740,829)						(1,352,117)
FINANCING ACTIVITIES
Proceeds from the issuance of:
Long-term debt						4,625,848						3,517,949						1,107,899
Treasury stock						11,534						24,539						(13,005)
Common stock						1,017,171						804,631						212,540
Retirement of long-term debt						(1,864,866)						(1,599,728)						(265,138)
Changes in commercial paper - net						911,722						(451,686)						1,363,408
Customer advances received for construction						885,867						732,454						153,413
Customer advances used for construction						(436,221)						(245,481)						(190,740)
Other						(259,675)						2,164						(261,839)
Dividends paid:
Common stock						(585,899)						(516,716)						(69,183)
Preferred stock						(9,159)						(9,159)						—
Net cash flow provided by financing activities						4,296,322						2,258,967						2,037,355
Net increase in cash and cash equivalents						1,925,129						315,928						1,609,201
Cash and cash equivalents at beginning of period						1,928,916						859,703						1,069,213
Cash and cash equivalents at end of period						$	3,854,045					$	1,175,631					$	2,678,414
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Interest - net of amount capitalized						$	683,997					$	647,900					$	36,097
Income taxes - net						$	(2,301)					$	2,487					$	(4,788)
Noncash investing activities:
Accrued construction expenditures						$	1,002,641					$	576,992					$	425,649

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Entergy Corporation
Consolidated Cash Flow Statement
Twelve Months Ended June 30, 2026 vs. 2025
(Dollars in thousands)
(Unaudited)
						2026						2025						Variance
OPERATING ACTIVITIES
Consolidated net income						$	1,817,577					$	1,767,292					$	50,285
Adjustments to reconcile consolidated net income to net cash
flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization						2,608,073						2,492,274						115,799
Deferred income taxes, tax credits, and non-current taxes accrued						1,005,125						535,981						469,144
Asset write-offs, impairments, and related charges (credits)						30,854						(24,641)						55,495
Pension settlement charge						—						2,937						(2,937)
Changes in working capital:
Receivables						(30,279)						(84,435)						54,156
Fuel inventory						38,100						(1,278)						39,378
Accounts payable						226,312						207,954						18,358
Taxes accrued						69,054						17,577						51,477
Interest accrued						48,744						44,664						4,080
Deferred fuel costs						(139,476)						(215,580)						76,104
Customer advances - current						918,373						455,454						462,919
Other working capital accounts						(244,420)						(109,382)						(135,038)
Changes in provisions for estimated losses						4,550						419						4,131
Changes in other regulatory assets						244,661						292,315						(47,654)
Changes in other regulatory liabilities						193,763						300,205						(106,442)
Change in customer advances - non-current						145,298						25,000						120,298
Changes in pension and other postretirement funded status						(278,613)						(443,150)						164,537
Other						(583,082)						(523,762)						(59,320)
Net cash flow provided by operating activities						6,074,614						4,739,844						1,334,770
INVESTING ACTIVITIES
Construction/capital expenditures						(9,047,415)						(6,382,386)						(2,665,029)
Allowance for equity funds used during construction						199,646						160,137						39,509
Nuclear fuel purchases						(323,556)						(277,078)						(46,478)
Payment for purchase of plant						(2,172)						(650,928)						648,756
Proceeds from sale of business and assets						858,588						—						858,588
Insurance proceeds received for property damages						14,282						7,907						6,375
Changes in securitization account						(260)						2,641						(2,901)
Payments to storm reserve escrow accounts						(13,637)						(15,203)						1,566
Receipts from storm reserve escrow accounts						2,781						44,525						(41,744)
Decrease (increase) in other investments						(46,181)						8,242						(54,423)
Litigation proceeds for reimbursement of spent nuclear fuel storage costs						—						85,958						(85,958)
Proceeds from nuclear decommissioning trust fund sales						2,345,062						2,317,085						27,977
Investment in nuclear decommissioning trust funds						(2,448,709)						(2,424,248)						(24,461)
Net cash flow used in investing activities						(8,461,571)						(7,123,348)						(1,338,223)
FINANCING ACTIVITIES
Proceeds from the issuance of:
Long-term debt						6,858,344						6,348,651						509,693
Treasury stock						23,636						115,351						(91,715)
Common stock						1,348,643						804,631						544,012
Retirement of long-term debt						(3,766,938)						(4,273,919)						506,981
Changes in commercial paper - net						1,093,891						(456,746)						1,550,637
Customer advances received for construction						1,797,178						1,087,528						709,650
Customer advances used for construction						(853,636)						(373,704)						(479,932)
Other						(274,094)						(13,382)						(260,712)
Dividends paid:
Common stock						(1,143,334)						(1,016,120)						(127,214)
Preferred stock						(18,319)						(18,319)						—
Net cash flow provided by financing activities						5,065,371						2,203,971						2,861,400
Net increase in cash and cash equivalents						2,678,414						(179,533)						2,857,947
Cash and cash equivalents at beginning of period						1,175,631						1,355,164						(179,533)
Cash and cash equivalents at end of period						$	3,854,045					$	1,175,631					$	2,678,414
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Interest - net of amount capitalized						$	1,274,381					$	1,229,789					$	44,592
Income taxes - net (includes production tax credit sale proceeds)						$	(519,859)					$	36,216					$	(556,075)
Noncash investing activities:
Accrued construction expenditures						$	1,225,696					$	655,019					$	570,677

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