Entergy (ETR) Q3 2026 Earnings
No adjustments in Q3 2026; as-reported and adjusted EPS were both $1.98. The quarter includes an estimated weather benefit of $116 million ($0.24 per share) after-tax.
How Did ETR Stock React to Q3 2026 Earnings?
Did ETR Beat Earnings? Q3 2026 Results
Yes. Entergy reported Q3 2026 earnings of $1.98 a share on Nov 2, 2026, beating the $1.70 consensus estimate by 16.5%.
Entergy Corp delivered a modest earnings beat in the second quarter of 2026, posting adjusted EPS of $1.03 against the $1.01 consensus estimate, a 2.39% positive surprise, even as revenue of $3.52 billion edged 1.40% below expectations despite growing 5.8% year over year. The clearest engine behind the profit gain was broad-based rate action across Entergy's operating companies, including formula rate plans in Arkansas, Louisiana and Texas, which lifted Utility segment earnings to $626.00 million from $599.00 million a year earlier. Notably, weather provided far less lift than in the prior-year period, contributing only $3.00 million in estimated benefit compared with $38.00 million in Q2 2025, making the underlying operational performance look stronger in context. Industrial demand remained a bright spot, with weather-adjusted retail sales climbing 5.7% and industrial volumes rising 9.9%, fueled by data center and primary metals customers. Entergy also noted that Entergy Louisiana recently awarded a $35.00 million energy efficiency contract, reflecting the company's deepening service commitments. Management affirmed full-year 2026 adjusted EPS guidance of $4.25 to $4.45, signaling confidence in its longer-term growth trajectory.
- Net effect of regulatory actions: E-AR FRP and Generating Arkansas Jobs Act Rider, E-LA FRP and RPCR, E-MS FRP interim facilities rate adjustment, E-TX DCRF (retail electric price +$0.15 EPS)
- Return on CWIP for certain utility plant investments via amortization of customer advances (+$0.07 EPS)
- Higher retail sales volume: weather-adjusted retail sales +5.7%, industrial volume +9.9% on data center, primary metals and chlor-alkali customers, residential +2.8%
- Higher Utility other income, including nuclear decommissioning trust returns and amortization of tax gross-ups on customer advances (+$0.13 EPS)
- Absence of 2Q25 MISO capacity costs at E-TX after a new capacity cost rider took effect June 2026 (+$0.03 EPS)
- Higher interest expense (-$0.15 EPS consolidated), O&M (-$0.08) and depreciation (-$0.04) partially offset gains
- Share effect from settlement of equity forwards (-$0.05 EPS)
- Lower weather benefit: $0.01 per share vs $0.08 in 2Q25
- Sale of natural gas LDCs in July 2025 reduced revenue (-$0.04 EPS)
- Operating cash flow rose to $1,893M from $1,262M on customer advance payments, higher collections and lower fuel and purchased power payments
“At our investor day in June, we provided a comprehensive update on our differentiated growth story that starts with our customers.”
Entergy CEO, on the earnings call
What Is Entergy's Outlook?
Entergy affirmed its 2026 adjusted EPS guidance range of $4.25 to $4.45. It said it remains solidly on track to achieve its objectives for 2026 and beyond, following the comprehensive growth update provided at its June investor day. The company did not reconcile its non-GAAP guidance to GAAP.
ETR YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $3.5B | $3.3B | +5.9% |
| Operating Income | $850.1M | $837.4M | +1.5% |
| Net Income | $487.8M | $472.0M | +3.4% |
ETR Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.