Entergy Texas Inc 5.375% Series
22.93+0.03 (+0.15%)
Oct 20, 4:00:02 PM EDT · NYSE · ETI-P · USD
Key Stats
Market Cap
-P/E (TTM)
5.87Basic EPS (TTM)
3.90Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Entergy's Q2 2025 results showed solid momentum, with Utility operating revenues up 13% year-over-year to $3.3B on 3% higher retail sales volumes, driven by industrial demand in metals and tech sectors, while residential dipped 7% from warmer weather. Net income attributable to Entergy jumped to $468M from $49M a year ago, boosted by $151M in avoided regulatory charges from Louisiana's formula rate settlement and a $317M pension charge reversal, though operating income rose modestly to $837M amid higher O&M and interest costs. Free cash flow wasn't disclosed in the 10-Q. Liquidity strengthened with $1.2B cash and $3B revolver availability, supporting $8.2B in planned capex for generation and grid upgrades; debt stood at $30B with a 65% ratio. Yet regulatory shifts in MISO capacity auctions pose recovery risks.
8-K
Entergy Q2 EPS rises to $1.05
Entergy posted Q2 2025 adjusted EPS of $1.05, up 9 cents from last year, fueled by regulatory wins and 4.5% weather-adjusted retail sales growth, especially industrial demand. Subsidiaries sold natural gas operations on July 1, sharpening focus on electricity amid new growth pacts. It affirmed 2025 guidance at $3.75–$3.95 while lifting 2027–2028 outlooks. Solid quarter.
8-K
Entergy utilities refresh boards
Entergy's utility subsidiaries announced board changes on June 27, 2025, via written consents from their sole owners. Kimberly S. Cook-Nelson and Kimberly A. Fontan joined all five boards, with local directors filling the third spots: Laura R. Landreaux for Arkansas, Phillip R. May, Jr. for Louisiana, Haley R. Fisackerly for Mississippi, Deanna D. Rodriguez for New Orleans, and Eliecer Viamontes for Texas—effective immediately except Texas on August 20. These shifts signal centralized oversight. No operational impacts disclosed.
8-K
Entergy elects new director
Entergy's operating companies—Arkansas, Louisiana, Mississippi, New Orleans, and Texas—elected Kimberly S. Cook-Nelson to their boards effective May 1, 2025, filling vacancies from Peter S. Norgeot Jr.'s resignation. She joins without compensation or related party ties. This leadership refresh maintains continuity across the utilities.
10-Q
Q1 FY2025 results
Entergy's Q1 2025 results showed solid momentum, with operating revenues up 2% y/y to $2.8B on 8% higher retail sales volumes driven by milder weather and industrial demand in refining and metals, while gross margin expanded as fuel costs fell 44% y/y to $345M amid lower natural gas prices. Operating income surged 194% y/y to $700M, reflecting the absence of last year's $132M regulatory asset write-off at Entergy Arkansas and $78M tax benefit sharing at Entergy New Orleans, though net income of $361M trailed the $700M operating figure due to $330M interest and $100M taxes. Diluted EPS rose to $0.82 from $0.18, confirmed against 441M shares with minor anti-dilution from equity forwards. Cash from operations held steady at $536M, funding $1.7B capex on transmission and generation; free cash flow not disclosed in the 10-Q. Debt climbed to $29.6B with $1.5B net issuances at 5-6% rates maturing 2035-2055, keeping net debt to capital at 65.4% while $3B revolver offers $2.996B availability. Natural gas units remain held for sale to Bernhard affiliates, eyeing Q3 close. Regulatory delays in MISO transmission queues pose risks to timely load growth service.
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