Analysis for ETR

📈 Growth & Financial Trajectory

Over the eight-quarter window, Entergy’s revenue progressed from $2.95B in 2024-Q2 to $3.19B in 2026-Q1, a modest net increase, while net income rose from $0.287B to $0.391B. The trend shows volatility with a drop in 2024-Q4 and 2025-Q4 followed by a rebound into 2025-Q3. The eight-quarter average operating margin sits around the mid-20s, supporting earnings growth despite swings.

💰 Margins & Cash Flow

Operating margins averaged around 24%, peaking near 29% in 2025-Q3. Cash flow from continuing operations was robust: about $1.26B in 2025-Q2 and $2.13B in 2025-Q3; Q4 2025 and Q1 2026 show still-positive operating cash flow around $1.22B and $0.83B respectively. Net cash flow was positive in most quarters, though 2025-Q2 showed a modest negative free cash flow due to investing activity.

🛡️ Balance Sheet & Liquidity

Total assets run around $66–75B, with long-term debt near $28–33B and equity around $15–17B. Current assets generally cover near-term liabilities, though the current ratio is around 0.8–1.0 in some periods. Overall a leveraged but resilient balance sheet typical of large utilities.

⚠️ Key Drivers & Risks

• Drivers: Regulated electric utility demand; grid modernization and resilience capex.
• Risks: Interest-rate sensitivity and regulatory shifts; execution risk on capital programs.