Entergy Corporation and its subsidiaries produce and distribute electricity in the United States. It generates, transmits, distributes, and sells electric power in parts of Arkansas, Louisiana, Mississippi, and Texas, including New Orleans. The company also owns interests in non-nuclear power plants that sell electricity to wholesale customers and provides decommissioning services to other nuclear plant owners. Its generation mix includes gas, nuclear, coal, hydro, and solar sources. Entergy has about 25,000 megawatts of generating capacity and serves 3.1 million utility customers. Founded in 1913, it is headquartered in New Orleans, Louisiana.
Google's Arkansas Solar Deal Could Total $2.1 Billion
Newly reported records reveal that Google's power infrastructure deal with Entergy for its West Memphis data center could total approximately $2.1 billion over 20 years, according to Entergy, which says the initial $716 million headline understated the full economics. The reports identified $526 million for the Cypress Solar project and $190 million for transmission, but Entergy argues that the $526 million figure reflects only the upfront payment and 12 months of minimum payments, implying about $2.103 billion over the full term. This deal underscores how AI compute is becoming a power-contract story, with Alphabet committing to long-term energy and transmission to secure capacity. Entergy gains a large customer that will pay 100% of its power needs and deliver $1.1 billion in benefits to other Arkansas customers, while Alphabet's $4 billion Arkansas data-center investment depends on reliable power. The precise economics remain disputed, and regulatory filings will eventually clarify the balance, but investors need approved rate treatment, construction milestones, and actual load growth before revaluing either stock.
OATI expands FERC 881 compliance solution across three regions
OATI announced the continued expansion of its webLineR™ solution for FERC Order 881 compliance, now used by Entergy, three NextEra Energy operating companies, and numerous Florida transmission providers to automate ambient adjusted ratings. The solution helps unlock transmission capacity by replacing conservative fixed assumptions with hourly weather-based ratings, a mandate that requires each transmission owner to calculate and submit 10-day hourly forecasts for every facility, update them hourly, and retain data for five years. In MISO alone, over 13,000 facilities require AARs, generating an estimated 22 million forecasted ratings per hour. Since the order was issued in 2021, 32 transmission entities have selected webLineR™, which integrates with existing systems and exchanges ratings with reliability coordinators and market operators. OATI's CEO noted that the solution not only ensures compliance but also enhances grid reliability and supports clean energy deployment.
Energy Transfer Emerges as Major Natural Gas Supplier to AI Data Centers
Pipeline giant Energy Transfer has quietly become one of the biggest natural gas suppliers to AI data centers, positioning itself to capitalize on the AI power boom. The company has signed several deals, including a major agreement to supply about 900,000 Mcf/d of natural gas to three Oracle data centers, a 150,000 Mcf/d deal with Nexus for an AI hyperscale campus, and a deal to support a 900-megawatt AI factory campus for Crusoe. Energy Transfer is also providing gas to utilities, such as a 20-year deal with Entergy for at least 250,000 MMBtu/d starting in December 2028, and supplying 300,000 Mcf/d to four new gas-fired power plants in Oklahoma. These projects, which include the $2.7 billion Hugh Brinson and up to $5.6 billion Desert Southwest pipelines, support the company's expectation to grow adjusted EBITDA by at least 17.5% this year and increase its distribution by 3%-5% annually.
Entergy Corporation reported second-quarter 2026 earnings of US$1.03 per share, topping analyst estimates but slightly below the prior year, while reiterating its adjusted earnings guidance of US$4.25–US$4.45 per share for 2026. The company also reaffirmed expectations for more than 8% annual adjusted earnings growth through 2030, underscoring management's confidence in long-term demand and investment plans. The recent US$2.175 billion follow-on equity offering is the announcement most directly connected to this earnings update, as it addresses funding for Entergy's sizeable capital pipeline. The company's narrative projects $17.0 billion revenue and $2.9 billion earnings by 2029, requiring 8.6% yearly revenue growth and about a $1.1 billion earnings increase from $1.8 billion today. Fair value estimates from the Simply Wall St community range from about US$79 to almost US$122, highlighting divergent views on the stock.
Entergy Reaffirms Dividend as Undervalued Narrative Faces Test
Entergy reaffirmed its shareholder payout policy with a declared quarterly dividend of $0.64 per share, payable on September 1, 2026, to investors on record as of August 13, 2026. The stock has eased recently, with a 7-day share price return down 7.18% and a 90-day return down 7.57%, though year-to-date and one-year total shareholder returns remain strong at 14.66% and 23.09% respectively. A widely followed narrative pegs Entergy's fair value at $121.88, suggesting the stock is 11.7% undervalued compared to its last close of $107.62, driven by expectations of substantial long-term electricity demand growth from industrial development, population migration to the Gulf South, and large-scale data center expansions in its service territory. However, a discounted cash flow model points to a fair value of $79.99, indicating the stock may instead be overvalued, while the company's heavy capital plan and reliance on gas and nuclear assets could expose it to regulatory or decarbonization policy shifts.
Entergy reports $1.03 adjusted EPS, affirms 2026 guidance and outlines 7 to 12 gigawatt hyperscale pipeline
Entergy Corporation reported second-quarter 2026 adjusted earnings per share of $1.03 and affirmed its full-year 2026 adjusted EPS guidance and outlooks through 2030. Chairman and CEO Andrew Marsh said the company remains firmly on track and highlighted a pipeline of 7 to 12 gigawatts of hyperscale data center potential, along with 3 to 5 gigawatts of interest from traditional industrial segments. For agreements signed to date, management expects $7 billion in customer bill benefits, with data centers paying the full cost to serve them and their fair share of fixed costs. CFO Kimberly Fontan noted that excluding weather, retail sales growth was positive, driven by 10% industrial sales growth, and that the equity plan is unchanged from Investor Day. The company also plans to file for additional accelerated resilience investments in Louisiana during the third quarter, describing a smaller intermediate plan to retain workforce continuity while managing customer affordability.
Procter & Gamble, Amphenol, Vertiv Among Companies Set to Report Pre-Market Earnings on July 29, 2026
A slate of major companies including Procter & Gamble, Amphenol, and Vertiv Holdings are scheduled to report quarterly earnings before the market opens on July 29, 2026. Procter & Gamble is expected to post earnings per share of $1.41, a 4.73% decline from the prior year, while Amphenol's consensus forecast of $1.19 represents a 46.91% increase. Vertiv Holdings is projected to report $1.43 per share, up 50.53% year-over-year. Other notable reports include General Dynamics at $3.95, Automatic Data Processing at $2.59, Johnson Controls at $1.32, Aon at $3.77, Boston Scientific at $0.83, Cenovus Energy at $1.11, Entergy at $0.94, Old Dominion Freight Line at $1.52, and Garmin at $2.27. Zacks Investment Research provided forward price-to-earnings ratios for each company alongside industry comparisons.
Three Utility Stocks Positioned for AI-Driven Power Demand
Constellation Energy, Entergy, and NextEra Energy are identified as utility stocks poised to benefit from rising electricity demand driven by AI data centers. Constellation Energy, which owns 15 nuclear power plants, has secured long-term power deals with hyperscalers like Meta Platforms and is expected to see earnings grow nearly 25% this year and 16% in 2027. Entergy, the Gulf region utility supplying power to Meta's $50 billion Louisiana data center, plans to raise up to $4.4 billion in equity through 2029 and forecasts nearly 40% earnings growth by 2029. NextEra Energy is increasing its exposure through a planned merger with Dominion Energy, the utility for northern Virginia's data center alley, with management projecting at least 9% annual adjusted earnings growth through 2032.
Entergy and MHI Group sign MOU to cut CCS costs by 50%
Entergy and Mitsubishi Heavy Industries Group have signed a memorandum of understanding aiming to develop a near-term roadmap for a 50% reduction in overall costs for carbon capture and storage solutions. The collaboration will leverage MHI Group's integrated gas turbine combined cycle and carbon capture technology, including M501JAC gas turbines from Mitsubishi Power Americas and carbon capture technology from Mitsubishi Heavy Industries America, to support decarbonization at Entergy's power generation sites. Entergy's operations are located near the largest existing carbon dioxide pipeline network in the United States and in a region with suitable subsurface geology for permanent CO2 storage. The partnership builds on a long collaboration between Entergy and Mitsubishi Power Americas and positions the companies as early leaders in the commercialization of integrated gas turbine and CCS technology.
Jim Cramer remains optimistic about Meta Platforms despite its stock struggling in 2026, with shares down 16.3% over the past year and 7.3% year-to-date. Cramer highlighted an unconfirmed deal involving Meta selling excess computing power, which he believes could add a hundred points to the stock. He noted the deal includes an arrangement with Entergy for power and would allow Meta to monetize its significant spending. The stock has dipped 1.6% since news of the deal emerged, but Cramer maintains his bullish stance.
Entergy Stock May Be Overvalued by 43% Based on Dividend Model
Entergy's stock may be trading above its fair value, with a Dividend Discount Model analysis suggesting an intrinsic value of about $80 per share, roughly 43.3% below the current price. The model uses a recent annual dividend of $2.87 per share, an estimated return on equity of 11.16%, and a payout ratio around 61%, with dividend growth capped at 3.54%. While the price-to-earnings multiple of 29.6 times appears roughly in line with a tailored fair ratio of 26.9 times, the broader valuation checks score zero out of six, leaning toward the stock being expensive. Recent equity issuance through at-the-market and underwritten forward sale agreements to fund projects like the Meta data center deal introduces dilution risk for existing shareholders.
Morgan Stanley Boosts Entergy Price Target to $103
Morgan Stanley raised its price target on Entergy Corporation from $94 to $103 while maintaining an Equal Weight rating. The new target still implies a downside of over 11% from current levels. The revision came as the firm updated its price objectives for Regulated & Diversified Utilities and IPPs in North America, noting the utilities sector fell 5.5% in May against a 5.1% gain for the S&P 500. Entergy recently reaffirmed its 2026 adjusted earnings guidance of $4.25 to $4.45 per share and raised its long-term outlook, lifting the 2027 forecast by $0.20 and the 2029 forecast by $0.50 to $6.40 per share, supported by an expected 8.5% compound annual retail sales growth through 2029 including 16% annual industrial growth.
Entergy Texas declares $0.3359375 quarterly dividend on Series A Preferred Stock
Entergy Texas has declared a quarterly dividend of $0.3359375 per share on its Series A Preferred Stock. The dividend is payable July 15, 2026, to shareholders of record as of July 2, 2026. Entergy Texas provides electricity to approximately 538,000 customers in 27 counties and is a subsidiary of Entergy Corporation.
USA