Financials Entergy Corporation

Equities

ETR

US29364G1031

Electric Utilities

Market Closed - Nyse Other stock markets 16:00:02 2025-06-23 EDT			5-day change	1st Jan Change
82.61 ^USD	+2.03%		+1.08%	+8.96%

06-18	Morgan Stanley Adjusts Price Target on Entergy to $81 From $82, Maintains Equalweight Rating	MT
06-13	Raymond James Initiates Entergy at Market Perform	MT

Projected Income Statement: Entergy Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	10,114	11,743	13,764	12,147	11,880	13,001	14,049	15,061
Change	-	16.11%	17.21%	-11.75%	-2.2%	9.44%	8.06%	7.2%
EBITDA ¹	3,132	3,627	4,029	4,463	4,664	5,625	6,357	7,246
Change	-	15.79%	11.08%	10.78%	4.51%	20.6%	13%	13.99%
EBIT ¹	1,519	1,943	2,268	2,618	2,651	3,457	3,904	4,536
Change	-	27.87%	16.74%	15.44%	1.26%	30.41%	12.9%	16.21%
Interest Paid ¹	-838	-863.7	-940.1	-1,046	-1,204	-1,340	-1,535	-1,744
Earnings before Tax (EBT) ¹	1,285	1,310	1,058	1,672	1,442	2,263	2,384	2,830
Change	-	1.94%	-19.23%	57.99%	-13.73%	56.9%	5.34%	18.71%
Net income ¹	1,388	1,118	1,103	2,357	1,056	1,762	1,992	2,249
Change	-	-19.45%	-1.33%	113.62%	-55.21%	66.9%	13.07%	12.88%
Announcement Date	2/24/21	2/23/22	2/16/23	2/22/24	2/18/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	2,413	2,904	2,370	2,845	2,822	3,354	2,722	2,878	3,395	4,219	3,272	2,981	2,846	3,596	2,725	2,795	2,954	3,389	2,742	2,847	3,272	3,659	3,040	3,124	3,922	4,277	3,497	3,586
Change	-	20.34%	-18.37%	20.03%	-0.8%	18.83%	-18.82%	5.71%	17.97%	24.25%	-22.43%	-8.91%	-4.53%	26.33%	-24.22%	2.56%	5.69%	14.74%	-19.08%	3.81%	14.94%	11.82%	-16.9%	2.74%	25.56%	9.05%	-18.24%	2.55%
EBITDA ¹	733.1	1,137	314.1	868.5	936	1,200	664	998	729.9	1,427	873.9	916.1	1,225	1,583	738.8	737.6	1,123	1,624	1,179	1,213	1,519	1,745	1,346	1,506	-	-	-	-
Change	-	55.04%	-72.36%	176.47%	7.77%	28.16%	-44.65%	50.3%	-26.87%	95.51%	-38.76%	4.83%	33.7%	29.26%	-53.33%	-0.16%	52.24%	44.64%	-27.4%	2.86%	25.18%	14.88%	-22.87%	11.95%	-	-	-	-
EBIT ¹	329.3	735	-93.89	454	514	777.9	237.6	559.1	285.1	973.7	449.9	462.2	755.9	1,143	256.6	238	617.6	1,126	669.5	700.1	980.1	1,168	749.3	826.5	1,139	1,240	777	963
Change	-	123.2%	-112.77%	583.55%	13.22%	51.34%	-69.46%	135.34%	-49%	241.49%	-53.8%	2.74%	63.55%	51.26%	-77.56%	-7.24%	159.53%	82.29%	-40.53%	4.57%	40%	19.19%	-35.86%	10.3%	37.81%	8.87%	-37.34%	23.94%
Charge d'intérêts ¹	-204.7	-196.7	-207.8	-205.9	-213.4	-209.5	-220.9	-227.6	-231.6	-227.5	-245.5	-255.3	-261.3	-255.4	-264.6	-277.7	-301.3	-295.1	-316.1	-348.4	-339	-361	-379	-	-	-	-	-
Earnings before Tax (EBT) ¹	454.2	675.1	103.7	405.1	-	693.9	-	346.1	-195.6	740	167.7	233.3	526.8	896.7	14.93	97.53	-	-	398.1	462.5	590	777.1	333.4	458	761	842	349	517
Change	-	48.64%	-84.64%	290.72%	-	-	-	-	-156.53%	478.26%	-77.34%	39.13%	125.78%	70.22%	-98.33%	553.16%	-	-	-	16.17%	27.58%	31.71%	-57.1%	37.4%	66.14%	10.64%	-58.55%	48.14%
Net income ¹	361	521.1	388	334.6	-5.974	531	258.9	276.4	160	561	106.5	310.9	391.2	667	987.6	75	-	-	286	361	574	587	202	363	614	683	269	408
Change	-	44.35%	-25.54%	-13.77%	-101.79%	8,988.52%	-51.24%	6.76%	-42.11%	250.62%	-81.02%	192.03%	25.83%	70.48%	48.07%	-92.41%	-	-	-	26.22%	59%	2.26%	-65.59%	79.7%	69.15%	11.24%	-60.61%	51.67%
Announcement Date	7/29/20	10/28/20	2/24/21	4/28/21	8/4/21	11/3/21	2/23/22	4/27/22	8/3/22	11/2/22	2/16/23	4/26/23	8/2/23	11/1/23	2/22/24	4/24/24	8/1/24	10/31/24	2/18/25	4/29/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Entergy Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	22,238	26,640	26,536	26,114	28,059	31,648	36,969	40,870
Change	-	19.79%	-0.39%	-1.59%	7.45%	12.79%	16.81%	10.55%
Announcement Date	2/24/21	2/23/22	2/16/23	2/22/24	2/18/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Entergy Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	4,694	6,352	5,065	4,441	4,838	8,225	9,723	9,073
Change	-	35.31%	-20.25%	-12.33%	8.96%	70.01%	18.21%	-6.68%
Free Cash Flow (FCF) ¹	-2,004	-4,051	-2,480	-71.92	-349.8	-3,980	-3,713	-3,660
Change	-	-102.12%	38.79%	97.1%	-386.38%	-1,037.82%	6.71%	1.42%
Announcement Date	2/24/21	2/23/22	2/16/23	2/22/24	2/18/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Entergy Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	30.97%	30.89%	29.27%	36.74%	39.26%	43.27%	45.25%	48.11%
EBIT Margin (%)	15.02%	16.54%	16.48%	21.55%	22.32%	26.59%	27.78%	30.12%
EBT Margin (%)	12.71%	11.16%	7.69%	13.76%	12.14%	17.4%	16.97%	18.79%
Net margin (%)	13.72%	9.52%	8.01%	19.4%	8.89%	13.55%	14.18%	14.93%
FCF margin (%)	-19.82%	-34.5%	-18.02%	-0.59%	-2.94%	-30.62%	-26.43%	-24.3%
FCF / Net Income (%)	-144.4%	-362.34%	-224.77%	-3.05%	-33.14%	-225.92%	-186.4%	-162.77%
Profitability
ROA	2.52%	2.23%	1.79%	2.43%	2.53%	2.54%	2.69%	2.81%
ROE	13.13%	10.8%	10.7%	10.4%	10.6%	10.78%	11.09%	11.17%
Financial Health
Leverage (Debt/EBITDA)	7.1x	7.34x	6.59x	5.85x	6.02x	5.63x	5.82x	5.64x
Debt / Free cash flow	-11.1x	-6.58x	-10.7x	-363.07x	-80.21x	-7.95x	-9.96x	-11.17x
Capital Intensity
CAPEX / Current Assets (%)	46.41%	54.09%	36.8%	36.56%	40.73%	63.27%	69.21%	60.25%
CAPEX / EBITDA (%)	149.86%	175.13%	125.72%	99.5%	103.73%	146.22%	152.96%	125.22%
CAPEX / FCF (%)	-234.21%	-156.79%	-204.27%	-6,174%	-1,383.06%	-206.65%	-261.86%	-247.89%
Items per share
Cash flow per share ¹	6.688	5.698	6.275	10.11	10.4	10.22	10.84	-
Change	-	-14.79%	10.13%	61.11%	2.88%	-1.73%	6.05%	-
Dividend per Share ¹	1.87	1.93	2.05	2.17	2.3	2.407	2.569	2.728
Change	-	3.21%	6.22%	5.85%	5.99%	4.66%	6.74%	6.18%
Book Value Per Share ¹	27.28	28.71	30.7	20.94	21.72	38.43	41.86	46.17
Change	-	5.24%	6.93%	-31.78%	3.73%	76.91%	8.92%	10.29%
EPS ¹	3.45	2.77	2.685	5.55	2.45	3.975	4.402	4.83
Change	-	-19.71%	-3.07%	106.7%	-55.86%	62.23%	10.76%	9.71%
Nbr of stocks (in thousands)	400,465	401,963	406,967	422,946	428,816	430,774	430,774	430,774
Announcement Date	2/24/21	2/23/22	2/16/23	2/22/24	2/18/25	-	-	-