v3.26.1
Equity
6 Months Ended
Jun. 30, 2026
Equity [Text Block] EQUITY (Entergy Corporation and Entergy Louisiana)
Common Stock

Earnings per Share

The following table presents Entergy’s basic and diluted earnings per share calculations for the three and six months ended June 30, 2026 and 2025, included on the consolidated income statements:
For the Three Months Ended June 30,
20262025
(Dollars In Thousands, Except Per Share Data; Shares in Millions)
$/share$/share
Consolidated net income$487,820 $471,954 
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests5,213 4,024 
Net income attributable to Entergy Corporation$482,607 $467,930 
Basic shares and earnings per average common share458.7 $1.05 439.2 $1.07 
Average dilutive effect of:
Stock options1.3 — 0.9 — 
Other equity plans1.1 — 1.2 — 
Equity forwards5.2 (0.02)4.4 (0.02)
Diluted shares and earnings per average common share466.3 $1.03 445.7 $1.05 
For the Six Months Ended June 30,
20262025
(Dollars In Thousands, Except Per Share Data; Shares in Millions)
$/share$/share
Consolidated net income$878,625 $834,376 
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests11,102 5,686 
Net income attributable to Entergy Corporation$867,523 $828,690 
Basic shares and earnings per average common share457.2 $1.90 434.8 $1.91 
Average dilutive effect of:
Stock options1.3 (0.01)1.0 — 
Other equity plans1.1 — 1.3 (0.01)
Equity forwards4.8 (0.02)6.3 (0.03)
Diluted shares and earnings per average common share464.4 $1.87 443.4 $1.87 

Earnings per share dilution resulting from stock options outstanding and other equity plans is determined under the treasury stock method. The calculation of diluted earnings per share excluded 366,136 stock options outstanding for the three months ended June 30, 2025 because their effect would have been antidilutive. The calculation of diluted earnings per share excluded 149,415 stock options outstanding for the six months ended June 30, 2026 and 305,113 stock options outstanding for the six months ended June 30, 2025 because their effect would have been antidilutive. Until settlement of the forward sale agreements discussed in Note 7 to the financial statements in the Form 10-K and below in “Equity Distribution Program” and “Equity Forward Sale Agreements”, earnings per share dilution resulting from the agreements, if any, is determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sales price. The calculation of diluted earnings per share excluded 2,423,880 shares for the three months ended June 30, 2025 and 1,304,889 shares for the six months ended June 30, 2025 under forward sale agreements outstanding because their effect would have been antidilutive.

Entergy’s stock options and other equity compensation plans are discussed in Note 5 to the financial statements herein and in Note 12 to the financial statements in the Form 10-K.

Dividends declared per common share were $0.64 for the three months ended June 30, 2026 and $0.60 for the three months ended June 30, 2025. Dividends declared per common share were $1.28 for the six months ended June 30, 2026 and $1.20 for the six months ended June 30, 2025.

Equity Distribution Program

See Note 7 to the financial statements in the Form 10-K for discussion of Entergy Corporation’s at the market equity distribution program. The following are updates to that discussion.

The aggregate number of shares of common stock sold under the equity distribution sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $4.5 billion. As of June 30, 2026, an aggregate gross sales price of approximately $2.8 billion has been sold under the at the market equity distribution program.

During the six months ended June 30, 2026 and 2025, there were no shares of common stock directly issued under the at the market equity distribution program.
During the six months ended June 30, 2026, Entergy Corporation physically settled its obligations under the following forward sale agreements:
Effective Date of Forward Sale AgreementsShares of Common Stock IssuedGross Sales PriceForward Sellers FeesForward Sale Price per ShareCash Proceeds at Settlement
(Dollars In Thousands, Except Per Share Data)
Forward sale agreements settled in February 2026:
September 20241,900,000 $115,314 $1,153 
March 20252,713,790 $232,216 $2,322 
Total4,613,790 $75.05 $346,243 
Forward sale agreements settled in June 2026:
September 20241,169,070 $70,952 $710 
September 2024888,756 $57,702 $577 
Total2,057,826 $61.28 $126,098 

Entergy Corporation incurred an aggregate amount of approximately $0.5 million of general issuance costs associated with the February 2026 settlement and an aggregate amount of approximately $0.3 million of general issuance costs associated with the June 2026 settlement. Entergy Corporation used the net proceeds for general corporate purposes including the repayment of commercial paper.

Equity Forward Sale Agreements

See Note 7 to the financial statements in the Form 10-K for discussion of Entergy Corporation’s equity forward sale agreements. The following are updates to that discussion.

In May 2026, Entergy Corporation marketed an equity offering of approximately 19.2 million shares of Entergy Corporation common stock. In lieu of issuing equity at the time of the offering, Entergy Corporation entered into forward sale agreements with several forward counterparties. No amounts have been or will be recorded on Entergy’s balance sheet with respect to the equity offering until settlements of the forward sale agreements occur. The forward sale agreements require Entergy Corporation to, at its election on or prior to April 30, 2028, either (1) physically settle the transactions by issuing the total of approximately 19.2 million shares of its common stock to the forward counterparties in exchange for net proceeds at the then-applicable forward sale price specified by the agreements (initially $110.74 per share) or (2) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreements.

During the six months ended June 30, 2026, Entergy Corporation physically settled its obligations under the following forward sale agreements:
Effective Date of Forward Sale AgreementsShares of Common Stock IssuedGross Sales PriceForward Sellers FeesForward Sale Price per ShareCash Proceeds at Settlement
(Dollars In Thousands, Except Per Share Data)
Forward sale agreements settled in June 2026:
March 20256,650,417 $555,310 $10,829 $81.87$545,902

Entergy Corporation incurred approximately $0.3 million of common stock issuance costs with the settlement. Entergy Corporation used the net proceeds for general corporate purposes including the repayment of commercial paper.
Until settlement of the forward sale agreements, earnings per share dilution resulting from the agreements, if any, will be determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sale price. If Entergy Corporation had elected to net share settle the forward sale agreements as of June 30, 2026, Entergy Corporation would have been required to deliver 3.8 million shares.

Treasury Stock

During the six months ended June 30, 2026, Entergy Corporation reissued 970,100 shares of its previously repurchased common stock to satisfy stock option exercises, vesting of shares of restricted stock, and other stock-based awards.  Entergy Corporation did not repurchase any of its common stock during the six months ended June 30, 2026.

Retained Earnings

On July 31, 2026, Entergy Corporation’s Board of Directors declared a common stock dividend of $0.64 per share, payable on September 1, 2026 to holders of record as of August 13, 2026.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended June 30, 2026 and 2025:
Pension and Other Postretirement Plan Changes
20262025
(In Thousands)
Beginning balance, April 1,$905 $39,040 
Amounts reclassified from accumulated other comprehensive income (loss)(1,995)(4,602)
Net other comprehensive loss for the period(1,995)(4,602)
Ending balance, June 30,($1,090)$34,438 

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the six months ended June 30, 2026 and 2025:
Pension and Other Postretirement Plan Changes
20262025
(In Thousands)
Beginning balance, January 1,($3,006)$42,769 
Amounts reclassified from accumulated other comprehensive income (loss)1,916 (8,331)
Net other comprehensive income (loss) for the period1,916 (8,331)
Ending balance, June 30,($1,090)$34,438 
The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the three months ended June 30, 2026 and 2025:
Pension and Other Postretirement Plan Changes
20262025
(In Thousands)
Beginning balance, April 1,$32,829 $52,687 
Amounts reclassified from accumulated other comprehensive income(1,088)(2,132)
Net other comprehensive loss for the period(1,088)(2,132)
Ending balance, June 30,$31,741 $50,555 

The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the six months ended June 30, 2026 and 2025:
Pension and Other Postretirement Plan Changes
20262025
(In Thousands)
Beginning balance, January 1,$33,916 $53,658 
Amounts reclassified from accumulated other comprehensive income(2,175)(3,103)
Net other comprehensive loss for the period(2,175)(3,103)
Ending balance, June 30,$31,741 $50,555 

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the three months ended June 30, 2026 and 2025 are as follows:
Amounts reclassified from AOCIIncome Statement Location
20262025
(In Thousands)
Pension and other postretirement plan changes
   Amortization of prior service credit$946 $3,462 (a)
   Amortization of net gain1,666 2,551 (a)
Total amortization 2,612 6,013 
Income taxes(617)(1,411)Income taxes
Total amortization (net of tax)$1,995 $4,602 
Total reclassifications for the period (net of tax)$1,995 $4,602 

(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details.
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the six months ended June 30, 2026 and 2025 are as follows:
Amounts reclassified from AOCIIncome Statement Location
20262025
(In Thousands)
Pension and other postretirement plan changes
   Amortization of prior service credit$1,892 $6,924 (a)
   Amortization of net gain (loss)(4,228)5,102 (a)
Total amortization(2,336)12,026 
Income taxes420 (3,695)Income taxes
Total amortization (net of tax)($1,916)$8,331 
Total reclassifications for the period (net of tax)($1,916)$8,331 

(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details.

Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the three months ended June 30, 2026 and 2025 are as follows:
Amounts reclassified from AOCIIncome Statement Location
20262025
(In Thousands)
Pension and other postretirement plan changes
   Amortization of prior service credit$308 $1,136 (a)
   Amortization of net gain1,149 1,719 (a)
Total amortization 1,457 2,855 
Income taxes(369)(723)Income taxes
Total amortization (net of tax)$1,088 $2,132 
Total reclassifications for the period (net of tax)$1,088 $2,132 

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost.  See Note 6 to the financial statements herein for additional details.
Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the six months ended June 30, 2026 and 2025 are as follows:
Amounts reclassified from AOCIIncome Statement Location
20262025
(In Thousands)
Pension and other postretirement plan changes
   Amortization of prior service credit$617 $2,272 (a)
   Amortization of net gain2,296 3,438 (a)
Total amortization2,913 5,710 
Income taxes(738)(2,607)Income taxes
Total amortization (net of tax)$2,175 $3,103 
Total reclassifications for the period (net of tax)$2,175 $3,103 

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost.  See Note 6 to the financial statements herein for additional details.
Entergy Louisiana [Member]  
Equity [Text Block] EQUITY (Entergy Corporation and Entergy Louisiana)
Common Stock

Earnings per Share

The following table presents Entergy’s basic and diluted earnings per share calculations for the three and six months ended June 30, 2026 and 2025, included on the consolidated income statements:
For the Three Months Ended June 30,
20262025
(Dollars In Thousands, Except Per Share Data; Shares in Millions)
$/share$/share
Consolidated net income$487,820 $471,954 
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests5,213 4,024 
Net income attributable to Entergy Corporation$482,607 $467,930 
Basic shares and earnings per average common share458.7 $1.05 439.2 $1.07 
Average dilutive effect of:
Stock options1.3 — 0.9 — 
Other equity plans1.1 — 1.2 — 
Equity forwards5.2 (0.02)4.4 (0.02)
Diluted shares and earnings per average common share466.3 $1.03 445.7 $1.05 
For the Six Months Ended June 30,
20262025
(Dollars In Thousands, Except Per Share Data; Shares in Millions)
$/share$/share
Consolidated net income$878,625 $834,376 
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests11,102 5,686 
Net income attributable to Entergy Corporation$867,523 $828,690 
Basic shares and earnings per average common share457.2 $1.90 434.8 $1.91 
Average dilutive effect of:
Stock options1.3 (0.01)1.0 — 
Other equity plans1.1 — 1.3 (0.01)
Equity forwards4.8 (0.02)6.3 (0.03)
Diluted shares and earnings per average common share464.4 $1.87 443.4 $1.87 

Earnings per share dilution resulting from stock options outstanding and other equity plans is determined under the treasury stock method. The calculation of diluted earnings per share excluded 366,136 stock options outstanding for the three months ended June 30, 2025 because their effect would have been antidilutive. The calculation of diluted earnings per share excluded 149,415 stock options outstanding for the six months ended June 30, 2026 and 305,113 stock options outstanding for the six months ended June 30, 2025 because their effect would have been antidilutive. Until settlement of the forward sale agreements discussed in Note 7 to the financial statements in the Form 10-K and below in “Equity Distribution Program” and “Equity Forward Sale Agreements”, earnings per share dilution resulting from the agreements, if any, is determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sales price. The calculation of diluted earnings per share excluded 2,423,880 shares for the three months ended June 30, 2025 and 1,304,889 shares for the six months ended June 30, 2025 under forward sale agreements outstanding because their effect would have been antidilutive.

Entergy’s stock options and other equity compensation plans are discussed in Note 5 to the financial statements herein and in Note 12 to the financial statements in the Form 10-K.

Dividends declared per common share were $0.64 for the three months ended June 30, 2026 and $0.60 for the three months ended June 30, 2025. Dividends declared per common share were $1.28 for the six months ended June 30, 2026 and $1.20 for the six months ended June 30, 2025.

Equity Distribution Program

See Note 7 to the financial statements in the Form 10-K for discussion of Entergy Corporation’s at the market equity distribution program. The following are updates to that discussion.

The aggregate number of shares of common stock sold under the equity distribution sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $4.5 billion. As of June 30, 2026, an aggregate gross sales price of approximately $2.8 billion has been sold under the at the market equity distribution program.

During the six months ended June 30, 2026 and 2025, there were no shares of common stock directly issued under the at the market equity distribution program.
During the six months ended June 30, 2026, Entergy Corporation physically settled its obligations under the following forward sale agreements:
Effective Date of Forward Sale AgreementsShares of Common Stock IssuedGross Sales PriceForward Sellers FeesForward Sale Price per ShareCash Proceeds at Settlement
(Dollars In Thousands, Except Per Share Data)
Forward sale agreements settled in February 2026:
September 20241,900,000 $115,314 $1,153 
March 20252,713,790 $232,216 $2,322 
Total4,613,790 $75.05 $346,243 
Forward sale agreements settled in June 2026:
September 20241,169,070 $70,952 $710 
September 2024888,756 $57,702 $577 
Total2,057,826 $61.28 $126,098 

Entergy Corporation incurred an aggregate amount of approximately $0.5 million of general issuance costs associated with the February 2026 settlement and an aggregate amount of approximately $0.3 million of general issuance costs associated with the June 2026 settlement. Entergy Corporation used the net proceeds for general corporate purposes including the repayment of commercial paper.

Equity Forward Sale Agreements

See Note 7 to the financial statements in the Form 10-K for discussion of Entergy Corporation’s equity forward sale agreements. The following are updates to that discussion.

In May 2026, Entergy Corporation marketed an equity offering of approximately 19.2 million shares of Entergy Corporation common stock. In lieu of issuing equity at the time of the offering, Entergy Corporation entered into forward sale agreements with several forward counterparties. No amounts have been or will be recorded on Entergy’s balance sheet with respect to the equity offering until settlements of the forward sale agreements occur. The forward sale agreements require Entergy Corporation to, at its election on or prior to April 30, 2028, either (1) physically settle the transactions by issuing the total of approximately 19.2 million shares of its common stock to the forward counterparties in exchange for net proceeds at the then-applicable forward sale price specified by the agreements (initially $110.74 per share) or (2) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreements.

During the six months ended June 30, 2026, Entergy Corporation physically settled its obligations under the following forward sale agreements:
Effective Date of Forward Sale AgreementsShares of Common Stock IssuedGross Sales PriceForward Sellers FeesForward Sale Price per ShareCash Proceeds at Settlement
(Dollars In Thousands, Except Per Share Data)
Forward sale agreements settled in June 2026:
March 20256,650,417 $555,310 $10,829 $81.87$545,902

Entergy Corporation incurred approximately $0.3 million of common stock issuance costs with the settlement. Entergy Corporation used the net proceeds for general corporate purposes including the repayment of commercial paper.
Until settlement of the forward sale agreements, earnings per share dilution resulting from the agreements, if any, will be determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sale price. If Entergy Corporation had elected to net share settle the forward sale agreements as of June 30, 2026, Entergy Corporation would have been required to deliver 3.8 million shares.

Treasury Stock

During the six months ended June 30, 2026, Entergy Corporation reissued 970,100 shares of its previously repurchased common stock to satisfy stock option exercises, vesting of shares of restricted stock, and other stock-based awards.  Entergy Corporation did not repurchase any of its common stock during the six months ended June 30, 2026.

Retained Earnings

On July 31, 2026, Entergy Corporation’s Board of Directors declared a common stock dividend of $0.64 per share, payable on September 1, 2026 to holders of record as of August 13, 2026.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the three months ended June 30, 2026 and 2025:
Pension and Other Postretirement Plan Changes
20262025
(In Thousands)
Beginning balance, April 1,$905 $39,040 
Amounts reclassified from accumulated other comprehensive income (loss)(1,995)(4,602)
Net other comprehensive loss for the period(1,995)(4,602)
Ending balance, June 30,($1,090)$34,438 

The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the six months ended June 30, 2026 and 2025:
Pension and Other Postretirement Plan Changes
20262025
(In Thousands)
Beginning balance, January 1,($3,006)$42,769 
Amounts reclassified from accumulated other comprehensive income (loss)1,916 (8,331)
Net other comprehensive income (loss) for the period1,916 (8,331)
Ending balance, June 30,($1,090)$34,438 
The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the three months ended June 30, 2026 and 2025:
Pension and Other Postretirement Plan Changes
20262025
(In Thousands)
Beginning balance, April 1,$32,829 $52,687 
Amounts reclassified from accumulated other comprehensive income(1,088)(2,132)
Net other comprehensive loss for the period(1,088)(2,132)
Ending balance, June 30,$31,741 $50,555 

The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the six months ended June 30, 2026 and 2025:
Pension and Other Postretirement Plan Changes
20262025
(In Thousands)
Beginning balance, January 1,$33,916 $53,658 
Amounts reclassified from accumulated other comprehensive income(2,175)(3,103)
Net other comprehensive loss for the period(2,175)(3,103)
Ending balance, June 30,$31,741 $50,555 

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the three months ended June 30, 2026 and 2025 are as follows:
Amounts reclassified from AOCIIncome Statement Location
20262025
(In Thousands)
Pension and other postretirement plan changes
   Amortization of prior service credit$946 $3,462 (a)
   Amortization of net gain1,666 2,551 (a)
Total amortization 2,612 6,013 
Income taxes(617)(1,411)Income taxes
Total amortization (net of tax)$1,995 $4,602 
Total reclassifications for the period (net of tax)$1,995 $4,602 

(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details.
Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the six months ended June 30, 2026 and 2025 are as follows:
Amounts reclassified from AOCIIncome Statement Location
20262025
(In Thousands)
Pension and other postretirement plan changes
   Amortization of prior service credit$1,892 $6,924 (a)
   Amortization of net gain (loss)(4,228)5,102 (a)
Total amortization(2,336)12,026 
Income taxes420 (3,695)Income taxes
Total amortization (net of tax)($1,916)$8,331 
Total reclassifications for the period (net of tax)($1,916)$8,331 

(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 6 to the financial statements herein for additional details.

Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the three months ended June 30, 2026 and 2025 are as follows:
Amounts reclassified from AOCIIncome Statement Location
20262025
(In Thousands)
Pension and other postretirement plan changes
   Amortization of prior service credit$308 $1,136 (a)
   Amortization of net gain1,149 1,719 (a)
Total amortization 1,457 2,855 
Income taxes(369)(723)Income taxes
Total amortization (net of tax)$1,088 $2,132 
Total reclassifications for the period (net of tax)$1,088 $2,132 

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost.  See Note 6 to the financial statements herein for additional details.
Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the six months ended June 30, 2026 and 2025 are as follows:
Amounts reclassified from AOCIIncome Statement Location
20262025
(In Thousands)
Pension and other postretirement plan changes
   Amortization of prior service credit$617 $2,272 (a)
   Amortization of net gain2,296 3,438 (a)
Total amortization2,913 5,710 
Income taxes(738)(2,607)Income taxes
Total amortization (net of tax)$2,175 $3,103 
Total reclassifications for the period (net of tax)$2,175 $3,103 

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost.  See Note 6 to the financial statements herein for additional details.