On February 18, 2025, Entergy Corp (ETR, Financial) released its 8-K filing detailing its financial performance for the fourth quarter and full year 2024. Entergy, a major utility company serving approximately 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, reported earnings per share (EPS) of 65 cents on an as-reported basis and 66 cents on an adjusted basis for Q4 2024. This was below the analyst estimate of 96 cents per share. The company also reported full-year 2024 EPS of $2.45 on an as-reported basis and $3.65 on an adjusted basis, compared to the annual estimate of $3.17.
Entergy Corp (ETR, Financial) is a prominent utility holding company with a significant presence in the southern United States. It operates five regulated integrated utilities, generating and distributing electricity to millions of customers. With a power generation capacity of 24 gigawatts, Entergy is one of the largest power producers in the country. The company has been transitioning its business model by retiring and selling its nuclear plants in the Northeast and plans to divest its gas utilities in Louisiana.
Entergy's Q4 2024 earnings were significantly lower than the previous year's Q4 earnings of $2.32 per share on an as-reported basis. The decline was attributed to several factors, including regulatory actions, higher depreciation and interest expenses, and adjustments related to tax benefits and regulatory provisions. Despite these challenges, Entergy's adjusted earnings showed improvement, reflecting the company's efforts to manage its operations effectively.
Entergy's financial achievements in 2024 included the successful execution of a two-for-one forward stock split and the initiation of a new electric service agreement with a large customer. The company also received approvals for significant capital projects and regulatory settlements, positioning it for future growth. These achievements are crucial for Entergy as they enhance its operational efficiency and financial stability in the regulated utilities sector.
For Q4 2024, Entergy reported consolidated earnings of $286 million on an as-reported basis and $291 million on an adjusted basis. The full-year earnings were $1,056 million as-reported and $1,577 million adjusted. The company's utility segment reported full-year earnings of $1,827 million as-reported and $2,115 million adjusted. However, the Parent & Other segment faced a loss of $(771) million as-reported and $(538) million adjusted.
| Metric | Q4 2024 | Q4 2023 | Change |
|---|---|---|---|
| As-reported EPS | $0.65 | $2.32 | $(1.67) |
| Adjusted EPS | $0.66 | $0.26 | $0.40 |
| Full-year As-reported EPS | $2.45 | $5.55 | $(3.10) |
| Full-year Adjusted EPS | $3.65 | $3.39 | $0.27 |
Entergy's performance in 2024 highlights the challenges faced by utility companies in managing regulatory changes and operational costs. Despite these hurdles, the company's adjusted earnings growth and strategic initiatives indicate a positive trajectory. Entergy has initiated its 2025 adjusted earnings per share guidance range of $3.75 to $3.95, reflecting confidence in its growth prospects.
“2024 was a transformational year for Entergy,” said Drew Marsh, Entergy Chair and Chief Executive Officer. “We had strong financial performance while also making meaningful progress on growing and derisking our business. Our progress positions us well to capture significant growth opportunities.”
Entergy's focus on capital projects and regulatory approvals, along with its commitment to sustainability, positions it well for future success. Investors and stakeholders will be keenly watching how the company navigates the evolving energy landscape and capitalizes on growth opportunities in 2025 and beyond.
Explore the complete 8-K earnings release (here) from Entergy Corp for further details.
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