Every material Form 8-K Entergy has filed with the SEC since April 29, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Entergy reported second quarter 2026 earnings of $483 million, or $1.03 per share, compared with $468 million, or $1.05 per share, a year earlier. Per-share earnings slipped because the diluted share count rose to 466 million from 446 million, while the company affirmed its 2026 adjusted EPS guidance of $4.25 to $4.45. Shareholders see higher dollar profit but a small per-share decline, with the full-year outlook unchanged.
Q2 2026 earnings were $483 million ($1.03 per share), up from $468 million ($1.05 per share) in Q2 2025, on both as-reported and adjusted bases.
Diluted average shares outstanding rose to 466 million from 446 million, mainly due to equity forward settlements.
Entergy affirmed its 2026 adjusted earnings per share guidance range of $4.25 to $4.45.
Parent & Other loss widened to $(143) million from $(131) million, mainly due to higher interest expense.
Entergy's Talent & Compensation Committee approved amendments on May 7, 2026 to the System Executive Retirement Plan and Pension Equalization Plan. Benefits for participating executives, including CEO Andrew S. Marsh, would be calculated as if they separated from service on November 30, 2026, and Marsh could retire without his employer's consent at age 60 instead of 65. The filing does not quantify any cost or effect on Entergy's financial results.
Amendments approved by the Talent & Compensation Committee on May 7, 2026
Benefits frozen as of November 30, 2026 for separations from service after that date
Andrew S. Marsh may retire and receive an early retirement benefit from age 60, down from 65
Entergy entered forward sale agreements with four banks covering 19,247,788 shares of common stock, with an initial forward sale price of $110.74 per share and settlement at the company's discretion on or before April 30, 2028. The shares were borrowed from third parties and sold to underwriters on May 7, 2026, and the company will issue new shares only if it chooses physical settlement, which would dilute earnings per share.
19,247,788 shares covered by forward sale agreements with Wells Fargo, Citibank, Barclays and The Bank of Nova Scotia
Initial forward sale price of $110.74 per share, adjusted daily for an interest rate factor
Settlement at Entergy's discretion on or before April 30, 2028; physical or net share settlement would dilute earnings per share
Underwriters also received an option on an additional 2,887,168 shares
Entergy reported first quarter 2026 earnings of $385 million, or 83 cents per share, on an as-reported basis, and $399 million, or 86 cents per share, on an adjusted basis, versus $361 million, or 82 cents, a year earlier. The company affirmed its 2026 adjusted EPS guidance of $4.25 to $4.45 and said it raised its longer-term outlooks, while also announcing a new hyperscale agreement in Louisiana that it says includes about $2 billion of estimated savings for retail customers.
Q1 2026 as-reported earnings were $385 million (83 cents per share), up from $361 million (82 cents) in Q1 2025; adjusted earnings were $399 million (86 cents).
Utility earnings rose to $540 million ($1.17 per share) from $490 million ($1.11 per share).
Parent & Other posted a loss of $155 million (34 cents per share), including an $18 million pre-tax non-cash impairment tied to the expected sale of a non-utility interest in the Independence power plant.
Entergy affirmed 2026 adjusted EPS guidance of $4.25 to $4.45 and updated its four-year capital plan and adjusted EPS outlooks.
Entergy said its Senior Vice President and Chief Accounting Officer, Reginald T. Jackson, plans to retire on May 31, 2026, as part of a planned leadership transition. Patrick J. Stack, currently Corporate Controller of Entergy Services, LLC, will take over the role on June 1, 2026, with a base salary of $356,000 and a cash bonus target of 45% of base salary.
Reginald T. Jackson intends to retire as Senior Vice President and Chief Accounting Officer at close of business on May 31, 2026
Patrick J. Stack, age 53, to be appointed to the role effective June 1, 2026
Stack has been Corporate Controller of Entergy Services, LLC since March 2022
Stack's base salary is $356,000, with an annual bonus target of 45% of base salary
Entergy reported fourth quarter 2025 earnings of $236 million, or 51 cents per share, down from $286 million, or 65 cents, a year earlier. For full year 2025, earnings rose to $1,758 million, or $3.91 per share, from $1,056 million, or $2.45 per share, on an as-reported basis. The company initiated 2026 adjusted earnings per share guidance of $4.25 to $4.45.
Q4 2025 as-reported EPS was 51 cents, versus 65 cents in Q4 2024; adjusted Q4 2024 EPS was 66 cents.
Full year 2025 as-reported EPS was $3.91, versus $2.45 in 2024; adjusted EPS was $3.91, versus $3.65 in 2024.
2026 adjusted EPS guidance range is $4.25 to $4.45.
The 2024 full year included a $320 million pension settlement charge that was excluded from adjusted earnings.
Entergy Texas, a subsidiary of Entergy, signed agreements on December 9, 2025 to build and lease the planned 754-megawatt Legend Power Station gas plant in Jefferson County, Texas. Construction costs funded under the agreements are expected not to exceed $1.450 billion, and the arrangement creates a lease obligation for the utility once the lease starts.
Construction costs expected not to exceed $1.450 billion, funded through the Participation Agreement with Bank of America, N.A. as Administrative Agent
Lease expected to commence about 26 months after December 9, 2025, for a term of up to about 58 months
Entergy Texas has an option to buy the facility at any time after lease commencement; it must elect to extend, buy, or sell at the end of the term
Agreements include a debt ratio covenant requiring consolidated debt of 65% or less of total capitalization
Entergy's General Counsel and Executive Vice President, Marcus V. Brown, plans to retire in spring 2026 as part of a planned leadership transition. Effective December 1, 2025, he moves to the role of Executive Legal Advisor to the CEO, and the filing does not name a successor.
Marcus V. Brown intends to retire in spring 2026.
Effective December 1, 2025, he moves from General Counsel to Executive Legal Advisor to the CEO.
The change covers Entergy Corporation and its five operating company registrants.
The filing describes the change as a planned leadership transition and does not name a successor.
Entergy's Board elected retired U.S. Navy Admiral James F. Caldwell Jr. as a director, effective November 1, 2025, and determined he is independent under NYSE rules. The Board size was increased to 12 members to accommodate the addition. Caldwell will serve on the Nuclear and Operations Oversight and Talent and Compensation Committees, which matters to shareholders as a governance change affecting board oversight of nuclear operations and executive pay.
Admiral James F. Caldwell Jr., 66, elected to the Board effective November 1, 2025, serving until the 2026 Annual Meeting
Board size increased to 12 members
Caldwell will serve on the Nuclear and Operations Oversight and Talent and Compensation Committees
He previously served as Director of the Naval Nuclear Propulsion Program from August 2015 until retiring from the U.S. Navy in January 2024
Entergy reported third quarter 2025 earnings of $694 million, or $1.53 per share, up from $645 million, or $1.50 per share, a year earlier, and narrowed its 2025 adjusted earnings per share guidance to $3.85 to $3.95. The filing does not state the prior guidance range, so the direction of the change cannot be determined from this document.
Q3 2025 earnings were $694 million, or $1.53 per share, versus $645 million, or $1.50 per share, in Q3 2024.
Utility earnings were $810 million, or $1.79 per share, down from $1.82 per share a year earlier; Parent & Other posted a loss of $(117) million, or $(0.26) per share.
Entergy narrowed its 2025 adjusted EPS guidance to a range of $3.85 to $3.95.
Entergy Texas was awarded a $200 million grant from the Texas Energy Fund for resiliency projects.
System Energy Resources, a wholly owned Entergy subsidiary, terminated its 1974 Availability Agreement and three related assignments that secured certain bonds, effective October 1, 2025. It then entered a new 2025 Availability Agreement with three affiliate operating companies, with allocation percentages changed and Entergy Louisiana removed from the Grand Gulf power sales agreement. The filing states that the bonds are no longer entitled to the prior security and that the new agreement provides similar cash-resource assurances.
Availability Agreement and three assignments terminated effective Oct. 1, 2025; the filing says all termination conditions were satisfied.
New 2025 Availability Agreement allocates obligations to Entergy Arkansas (24.19%), Entergy Mississippi (56.38%) and Entergy New Orleans (19.43%).
Entergy Louisiana's share of Grand Gulf capacity and energy was divested to Entergy Mississippi under the 2025 UPSA, which FERC approved.
Bonds affected include $83,695,000 of MBFC Bonds, Series 2021, and First Mortgage Bonds due 2044, 2028 and 2034.
Entergy reported second quarter 2025 earnings of $468 million, or $1.05 per share, on both an as-reported and adjusted basis, compared with $49 million, or 11 cents, as reported in the same quarter of 2024. The company affirmed its 2025 adjusted EPS guidance of $3.75 to $3.95 and updated its 2027–2028 adjusted EPS outlooks, which the release headline describes as raised.
Q2 2025 earnings were $468 million, or $1.05 per share; Q2 2024 as-reported earnings were $49 million, or 11 cents per share, and adjusted earnings were $411 million, or 96 cents per share.
Entergy affirmed its 2025 adjusted earnings per share guidance range of $3.75 to $3.95.
Entergy updated its four-year capital plan and its 2027–2028 adjusted EPS outlooks.
On July 1, Entergy New Orleans and Entergy Louisiana completed the sale of their natural gas distribution businesses.
Entergy's board elected R. Lewis Ropp, a retired Barrow Hanley investment manager, as a director effective August 15, 2025, and increased the board to 11 members. The board deemed him independent and he will sit on the Audit and Corporate Governance Committees, a routine board addition with no financial terms disclosed in the filing.
Board elected R. Lewis Ropp on July 25, 2025, effective August 15, 2025, serving until the 2026 Annual Meeting
Board size increased to 11 members; Ropp deemed independent under NYSE rules
Ropp will join the Audit Committee and Corporate Governance Committee
Compensation matches other non-employee directors, pro-rated from August 15, 2025 to the 2026 Annual Meeting
Entergy and its subsidiaries Entergy New Orleans and Entergy Louisiana closed the sale of their natural gas distribution businesses to affiliates of Bernhard Capital Partners on July 1, 2025. Delta Utilities now handles day-to-day gas service and distribution operations in Baton Rouge and New Orleans. The filing says the sale lets Entergy focus on its electric utility business.
Base purchase price for the New Orleans gas business was $285.5 million, and for the Baton Rouge gas business $198 million, both subject to certain adjustments.
The transaction closed on July 1, 2025, after receiving federal and state regulatory approvals, including from the Louisiana Public Service Commission and the New Orleans City Council.
The sold assets include approximately 3,700 miles of natural gas pipelines and 2,200 miles of service lines, serving about 96,000 customers in the Baton Rouge area and 108,000 in New Orleans.
Entergy reported first quarter 2025 earnings of $361 million, or 82 cents per share, on both an as-reported and adjusted basis, compared with $75 million, or 18 cents per share, as-reported in the first quarter of 2024. The company affirmed its 2025 adjusted earnings per share guidance range of $3.75 to $3.95. The year-over-year gain was helped by the absence of a 2024 charge, and the guidance was reaffirmed rather than changed.
Q1 2025 as-reported and adjusted earnings were $361 million, or 82 cents per share, versus $75 million, or 18 cents, as-reported in Q1 2024.
Q1 2024 adjusted earnings were $230 million, or 54 cents per share, after excluding $155 million of after-tax adjustments.
Entergy affirmed its 2025 adjusted earnings per share guidance range of $3.75 to $3.95.
Operating cash flow was $536 million in Q1 2025, compared with $521 million in Q1 2024.
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