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EX-99.1 2 earningsrelease3q24_ex991.htm EX-99.1 Document

資訊發布

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2024年10月31日

安特吉報告第三季度收益

公司縮小了指引區間並更新了長期展望

紐奧良－安特吉公司（NYSE: ETR）公佈2024年第三季度每股盈利為2.99美元，無論是按照報告或調整後（非依照普通會計準則）計算。

「我們在業務、監管、韌性和增長各方面取得了傑出的成果」，安特吉主席兼首席執行官Drew Marsh表示。「這些成果是強勁執行和利用以客戶為出發點的利益相關者參與模式，確保為所有利益相關者創造價值。」

業務重點包括以下內容：

•安特吉將其2024年調整後的每股收益指南範圍縮小至7.15至7.35美元（拆分前），並更新了長期展望。

•E-LA提交申請以獲得對重大新變速器和發電投資的批准，以支持一位新大客戶。

•E-MS宣布計劃在50年來建造其第一座全新的天然氣發電站。

•E-AR的100兆瓦太陽能Walnut Bend Solar已投入使用。

•E-AR收購了West Memphis太陽能和Driver太陽能。

•E-LA使用全新簡化流程發布了一份RFP，以獲得3吉瓦的太陽能資源。

•能源委員會批准了幾項項目，包括其FRP續約、燃料幣LDC銷售、與SERI達成和解以解決針對SERI的所有投訴（需經FERC批准），以及同意將E-LA在Grand Gulf能源和產能的份額出售給E-MS。

•向MPSC和FERC提交文件，將E-LA的大量Grand Gulf能源和容量股份轉讓給E-MS。

•CCNO批准了10000萬美元的E-NO韌性計劃，用於未來兩年的投資。

•PUCt批准了一份E-TX DCRF文件。

•安特吉的董事會宣布每股季度股息為1.20美元，增加了百分之六。

•安特吉的董事會已批准安特吉普通股的二比一股票分拆，自2024年12月13日開始生效。

•安特吉被《Site Selection》雜誌評為全國經濟發展前幾名公用事業之一，已連續17年。日連續17年。


目錄			頁面
資訊發布附錄 A: 綜合結果和調整 B: 盈餘差異分析 C: 公用事業運營和財務措施 D: 綜合財務措施 E: 定義和縮寫詞語和首字母縮略語 F: 其他通用會計準則與非通用會計準則調解 Financial statements			1 7 8 11 14 15 16 18 20

安特吉報告第三季盈利

2024年10月31日

第2頁


合併盈利（GAAP 和非 GAAP 指標）
2024 年第三季度及截至今與 2023 年相比（有關 GAAP 與非 GAAP 的調節和調整說明，請參閱附錄 A）
	第三季			年至今
	2024	2023	變更	2024	2023	變更
（稅後，百萬美元）
已報告收益	645	667	(22)	769	1,369	(600)
更少調整	-	(27)	27	(517)	42	(559)
經調整後的盈利（非 GAAP）	645	694	(49)	1,286	1,327	(41)
預估天氣影響	41	135	(94)	70	103	(33)

（稅後，每股以 $ 為單位）
已報告收益	2.99	3.14	(0.15)	3.58	6.45	(2.87)
更少調整	-	(0.13)	0.13	(2.41)	0.20	(2.61)
經調整後的盈利（非 GAAP）	2.99	3.27	(0.28)	5.99	6.25	(0.26)
預估天氣影響	0.19	0.64	(0.45)	0.33	0.48	(0.16)

計算可能因四捨五入而有所不同

合併業務結果

截至2024年第三季，該公司以原價基準和調整後的基準報告了每股$2.99的收益為64500萬美元。相比之下，截至2023年第三季，其以原價基準報告每股$3.14的收益為66700萬美元，而調整後為每股$3.27的收益為69400萬美元。

業務的結果摘要討論如下。更多詳細資訊，包括業務的營運現金流量，請參見附錄A。業務的差異分析更詳細的內容，請參見附錄b。

業務成果

效用

2024年第三季度，公用業務報告了安特吉公司歸屬於盈利78700萬美元，每股3.65美元，按照報告和調整基礎計算。這與2023年第三季度的盈利75200萬美元，每股3.54美元，按照報告基礎計算和81000萬美元，每股3.82美元，調整基礎計算相比有所增加。有幾個原因促使第三季度按報告增加。

在2023年第三季度，由於Entergy Arkansas放棄追討2013年3月ANO定子事件造成的成本的權利，Entergy Arkansas記錄了一筆總額( 7800萬美元 ) （稅後( 5900萬美元 ) ）的賬面減值。這筆賬面減值被視為調整，不包括在調整後收益中。

增加的其他驅動因素包括：

•監管機構對各營運公司採取行動的凈影響，

•其他收入（扣除）增加主要是由於非服務性退休金成本下降\s以及

•低端其他O＆m。

這些驅動程式部分被抵消：

•天氣對零售成交量的影響,

•折舊費用增加，以及

•利息支出增加。

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安特吉報告第三季盈利

2024年10月31日

第3頁

就每股計算，2024年第三季度的結果反映出因多於2023年第四季度在公司ATm計劃下解決股本遠期交易、在公司基於股票的薪酬計劃下行使期權以及由於股價上漲導致未解決股本遠期交易的稀釋效應，普通股股份的平均稀釋數量較高。

附錄C包含了有關公用事業營運和財務措施的詳細資訊。

父母及其他

截至2024年第三季，母公司及其他公布的虧損歸屬於安特吉公司為14200萬美元(66美分每股)，按申報基礎和調整基礎計算。與2023年第三季的虧損相比，當時為8500萬美元(40美分每股)，按申報基礎計算，以及11700萬美元(55美分每股)，按調整基礎計算。

第三季度差異的驅動因素包括：

•2023年第三季度美國能源部(DOE)有關IPEC核廢料訴訟和賠償解決的影響對資產減值和損害的影響（被視為調整並從調整後收益中排除）,

•其他所得(扣除)下降，因非服務性養老金收入較低以及法律規定的變化。

•利息支出增加。

以每股計算，2024年第三季度結果反映出更高的稀釋後普通股平均股份數（請參見公用事業部門的影響因素）。

每股盈餘指引

安特吉宣布將安特吉發行的普通股進行兩比一的向前股票分割。2024年12月5日收盤時擁有普通股的每位記錄持有人將獲得額外的一份普通股，以每持有一股為基準，在市場收盤後進行分配。
2024年12月12日。預計交易將於2024年12月13日市場開盤時在調整後的基礎上開始。

安特吉將其2024年調整後每股收益指引範圍縮小至7.15至7.35美元（在股票劈分前）。有關詳細信息，請參閱網路直播報告。

公司已經提供了2024年盈利展望，關於每股調整盈利的非通用會計準則。該準則將從相應的通用會計準則財務指標中排除調整效果，該調整如下所述“非通用財務指標”。公司尚未提供此非通用會計準則指引與以通用會計基礎呈現的指引相調和的調和，因為它無法預測和合理程度量化在期間內可能發生的所有調整。潛在調整包括排除與未解決的監管投訴相關的監管費用以及重大所得稅項目。

Earnings teleconference

A teleconference will be held at 10:00 a.m. Central Time on Thursday, October 31, 2024, to discuss Entergy’s quarterly earnings announcement and the company’s financial performance. The teleconference may be accessed by visiting Entergy’s website at investors.entergy.com/investors/events-and-presentations or by dialing 888-440-4149, conference ID 9024832, no more than 15 minutes prior to the start of the call. The webcast presentation is also being posted to Entergy’s website concurrent with this news release. A replay of the teleconference will be available on Entergy’s website

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Entergy reports third quarter earnings

October 31, 2024

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at investors.entergy.com/investors/events-and-presentations and by telephone. The telephone replay will be available through November 7, 2024, by dialing 800-770-2030, conference ID 9024832.

Entergy is a Fortune 500 company that powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi, and Texas. We’re investing in the reliability, resilience and growth of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism, and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees.

Entergy Corporation’s common stock is listed on the New York Stock Exchange and NYSE Chicago under the symbol “ETR”.

Details regarding Entergy’s results of operations, regulatory proceedings, and other matters are available in this earnings release, a copy of which will be filed with the SEC, and the webcast presentation. Both documents are available on Entergy’s Investor Relations website at investors.entergy.com/investors/events-and-presentations.

Entergy maintains a web page as part of its Investor Relations website entitled Regulatory and other information, which provides investors with key updates on certain regulatory proceedings and important milestones on the execution of its strategy. While some of this information may be considered material information, investors should not rely exclusively on this page for all relevant company information.

For definitions of certain operating measures, as well as GAAP and non-GAAP financial measures and abbreviations and acronyms used in the earnings release materials, see Appendix E.

Non-GAAP financial measures

This news release contains non-GAAP financial measures, which are generally numerical measures of a company’s performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. Entergy has provided quantitative reconciliations within this news release of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

Entergy reports earnings using the non-GAAP measure of Entergy adjusted earnings, which excludes the effect of certain “adjustments.” Adjustments are unusual or non-recurring items or events or other items or events that management believes do not reflect the ongoing business of Entergy, such as significant tax items, and other items such as certain costs, expenses, or other specified items. In addition to reporting GAAP earnings on a per share basis, Entergy reports its adjusted earnings on a per share basis. These per share measures represent the applicable earnings amount divided by the diluted average number of common shares outstanding for the period.

Management uses the non-GAAP financial measures of adjusted earnings and adjusted earnings per share for, among other things, financial planning and analysis; reporting financial results to the board of directors, employees, stockholders, analysts, and investors; and internal evaluation of financial performance. Entergy believes that these non-GAAP financial measures provide useful information to investors in evaluating the ongoing results of Entergy’s business, comparing period to period results, and comparing Entergy’s financial performance to the financial performance of other companies in the utility sector.

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October 31, 2024

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Other non-GAAP measures, including adjusted ROE; adjusted ROE, excluding affiliate preferred; FFO to adjusted debt; gross liquidity; net liquidity; adjusted Parent debt to total adjusted debt; adjusted debt to adjusted capitalization; and adjusted net debt to adjusted net capitalization are measures Entergy uses internally for management and board discussions and to gauge the overall strength of its business. Entergy believes the above data provides useful information to investors in evaluating Entergy’s ongoing financial results and flexibility and assists investors in comparing Entergy’s credit and liquidity to the credit and liquidity of others in the utility sector. These metrics are defined in Appendix E.

These non-GAAP financial measures reflect an additional way of viewing aspects of Entergy’s operations that, when viewed with Entergy’s GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting Entergy’s business. These non-GAAP financial measures should not be used to the exclusion of GAAP financial measures. Investors are strongly encouraged to review Entergy’s consolidated financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. Although certain of these measures are intended to assist investors in comparing Entergy’s performance to other companies in the utility sector, non-GAAP financial measures are not standardized; therefore, it might not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names.

Cautionary note regarding forward-looking statements

In this news release, and from time to time, Entergy Corporation makes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other things, statements regarding Entergy’s 2024 earnings guidance; financial and operational outlooks; industrial load growth outlooks; statements regarding its climate transition and resilience plans, goals, beliefs, or expectations; and other statements of Entergy’s plans, beliefs, or expectations included in this news release. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this news release and in Entergy’s most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and Entergy’s other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with (1) rate proceedings, formula rate plans, and other cost recovery mechanisms, including the risk that costs may not be recoverable to the extent or on the timeline anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with (1) realizing the benefits of its resilience plan, including impacts of the frequency and intensity of future storms and storm paths, as well as the pace of project completion and (2) efforts to remediate the effects of major storms and recover related restoration costs; (d) risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks; (e) changes in decommissioning trust values or earnings or in the timing or cost of decommissioning Entergy’s nuclear plant sites; (f) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries; (g) risks and uncertainties associated with executing on business strategies, including (1) strategic transactions that Entergy or its subsidiaries may undertake and the risk that any such transaction may not be completed as and when expected and the risk that the anticipated benefits of the transaction may not be realized, and (2) Entergy’s ability to meet

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October 31, 2024

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the rapidly growing demand for electricity, including from hyperscale data center and other large customers, and to manage the impacts of such growth on customers and Entergy’s business; (h) direct and indirect impacts to Entergy or its customers from pandemics, terrorist attacks, geopolitical conflicts, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy’s business or operations, and/or other catastrophic events; and (i) effects on Entergy or its customers of (1) changes in federal, state, or local laws and regulations and other governmental actions or policies, including changes in monetary, fiscal, tax, environmental, or energy policies; (2) changes in commodity markets, capital markets, or economic conditions; and (3) technological change, including the costs, pace of development, and commercialization of new and emerging technologies.

###


Media inquiries: Cristina del Canto 504-576-4238 mdelcan@entergy.com			Investor relations inquiries: Liz Hunter 504-576-3294 ehunte1@entergy.com

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Third quarter 2024 earnings release appendices and financial statements

Appendices

A: Consolidated results and adjustments

B: Earnings variance analysis

C: Utility operating and financial measures

D: Consolidated financial measures

E: Definitions and abbreviations and acronyms

F: Other GAAP to non-GAAP reconciliations

Financial statements

Consolidating balance sheets

Consolidating income statements

Consolidated cash flow statements

A: Consolidated results and adjustments

Appendix A-1 provides a comparative summary of consolidated earnings, including a reconciliation of as-reported earnings (GAAP) to adjusted earnings (non-GAAP).


Appendix A-1: Consolidated earnings - reconciliation of GAAP to non-GAAP measures Third quarter and year-to-date 2024 vs. 2023 (See Appendix A-2 and Appendix A-3 for details on adjustments)
	Third quarter			Year-to-date
	2024	2023	Change	2024	2023	Change
(After-tax, $ in millions)
As-reported earnings (loss)
Utility	787	752	35	1,423	1,663	(240)
Parent & Other	(142)	(85)	(57)	(654)	(294)	(359)
Consolidated	645	667	(22)	769	1,369	(600)

Less adjustments
Utility	-	(59)	59	(267)	10	(277)
Parent & Other	-	32	(32)	(250)	32	(282)
Consolidated	-	(27)	27	(517)	42	(559)

Adjusted earnings (loss) (non-GAAP)
Utility	787	810	(24)	1,690	1,653	36
Parent & Other	(142)	(117)	(25)	(403)	(326)	(77)
Consolidated	645	694	(49)	1,286	1,327	(41)
Estimated weather impact	41	135	(94)	70	103	(33)

Diluted average number of common shares outstanding (in millions)	216	212	3	215	212	3

(After-tax, per share in $) (a)
As-reported earnings (loss)
Utility	3.65	3.54	0.11	6.63	7.84	(1.21)
Parent & Other	(0.66)	(0.40)	(0.26)	(3.04)	(1.39)	(1.66)
Consolidated	2.99	3.14	(0.15)	3.58	6.45	(2.87)

Less adjustments
Utility	-	(0.28)	0.28	(1.24)	0.05	(1.29)
Parent & Other	-	0.15	(0.15)	(1.17)	0.15	(1.32)
Consolidated	-	(0.13)	0.13	(2.41)	0.20	(2.61)

Adjusted earnings (loss) (non-GAAP)
Utility	3.65	3.82	(0.17)	7.87	7.79	0.08
Parent & Other	(0.66)	(0.55)	(0.11)	(1.88)	(1.54)	(0.34)
Consolidated	2.99	3.27	(0.28)	5.99	6.25	(0.26)
Estimated weather impact	0.19	0.64	(0.45)	0.33	0.48	(0.16)

Calculations may differ due to rounding

(a)Per share amounts are calculated by dividing the corresponding earnings (loss) by the diluted average number of common shares outstanding for the period.

See Appendix B for detailed earnings variance analysis.

Appendix A-2 and Appendix A-3 detail adjustments by business. Adjustments are included in as-reported earnings consistent with GAAP but are excluded from adjusted earnings. As a result, adjusted earnings is considered a non-GAAP measure.


Appendix A-2: Adjustments by driver (shown as positive/(negative) impact on earnings or EPS)
Third quarter and year-to-date 2024 vs. 2023
	Third quarter			Year-to-date
	2024	2023	Change	2024	2023	Change
(Pre-tax except for income taxes and totals; $ in millions)
Utility
2Q24 E-LA global agreement to resolve its FRP extension filing and other retail matters	-	-	-	(151)	-	(151)
1Q24 E-AR write-off of a regulatory asset related to the opportunity sales proceeding	-	-	-	(132)	-	(132)
1Q24 E-NO increase in customer sharing of income tax benefits as a result of the 2016–2018 IRS audit resolution	-	-	-	(79)	-	(79)
3Q23 E-AR write-off of assets related to the ANO stator incident	-	(78)	78	-	(78)	78
1Q23 impacts from E-LA storm cost approval and securitization, including customer sharing (excluding income tax item below)	-	-	-	-	(87)	87
Income tax effect on Utility adjustments above	-	20	(20)	95	47	48
1Q23 E-LA income tax benefit resulting from securitization	-	-	-	-	129	(129)
Total Utility	-	(59)	59	(267)	10	(277)

Parent & Other
2Q24 pension lift out	-	-	-	(317)	-	(317)
3Q23 DOE spent nuclear fuel litigation settlement (IPEC)	-	40	(40)	-	40	(40)
Income tax effect on Parent & Other adjustments above	-	(9)	9	67	(9)	75
Total Parent & Other	-	32	(32)	(250)	32	(282)

Total adjustments	-	(27)	27	(517)	42	(559)

(After-tax, per share in $) (b)
Utility
2Q24 E-LA global agreement to resolve its FRP extension filing and other retail matters	-	-	-	(0.52)	-	(0.52)
1Q24 E-AR write-off of a regulatory asset related to the opportunity sales proceeding	-	-	-	(0.45)	-	(0.45)
1Q24 E-NO increase in customer sharing of income tax benefits as a result of the 2016–2018 IRS audit resolution	-	-	-	(0.27)	-	(0.27)
3Q23 E-AR write-off of assets related to the ANO stator incident	-	(0.28)	0.28	-	(0.28)	0.28
1Q23 impacts from E-LA storm cost approval and securitization, including customer sharing	-	-	-	-	0.32	(0.32)
Total Utility	-	(0.28)	0.28	(1.24)	0.05	(1.29)

Parent & Other
2Q24 pension lift out	-	-	-	(1.17)	-	(1.17)
3Q23 DOE spent nuclear fuel litigation settlement (IPEC)	-	0.15	(0.15)	-	0.15	(0.15)
Total Parent & Other	-	0.15	(0.15)	(1.17)	0.15	(1.32)

Total adjustments	-	(0.13)	0.13	(2.41)	0.20	(2.61)

Calculations may differ due to rounding

(b)Per share amounts are calculated by multiplying the corresponding earnings (loss) by the estimated income tax rate that is expected to apply and dividing by the diluted average number of common shares outstanding for the period.


Appendix A-3: Adjustments by income statement line item (shown as positive/ (negative) impact on earnings)
Third quarter and year-to-date 2024 vs. 2023
(Pre-tax except for income taxes and totals; $ in millions)
	Third quarter			Year-to-date
	2024	2023	Change	2024	2023	Change
Utility
Operating revenues	-	-	-	-	31	(31)
Other O&M	-	-	-	(1)	-	(1)
Asset write-offs, impairments, and related charges	-	(78)	78	(132)	(78)	(53)
Other regulatory charges (credits) – net	-	-	-	(229)	(103)	(125)
Other income (deductions)	-	-	-	-	(15)	15
Income taxes	-	20	(20)	95	176	(81)
Total Utility	-	(59)	59	(267)	10	(277)

Parent & Other
Asset write-offs, impairments, and related charges	-	40	(40)	-	40	(40)
Other income (deductions)	-	-	-	(317)	-	(317)
Income taxes	-	(9)	9	67	(9)	75
Total Parent & Other	-	32	(32)	(250)	32	(282)

Total adjustments	-	(27)	27	(517)	42	(559)

Calculations may differ due to rounding

Appendix A-4 provides a comparative summary of OCF by business.


Appendix A-4: Consolidated operating cash flow
Third quarter and year-to-date 2024 vs. 2023
($ in millions)
	Third quarter			Year-to-date
	2024	2023	Change	2024	2023	Change
Utility	1,600	1,387	213	3,225	3,301	(76)
Parent & Other	(37)	18	(55)	(117)	(70)	(47)
Consolidated	1,562	1,405	157	3,109	3,231	(122)

Calculations may differ due to rounding

OCF increased for the quarter primarily due to lower Utility fuel and purchased power payments, timing of pension contributions, and higher Utility customer receipts. The increases were partially offset by higher interest payments and a DOE award received in third quarter 2023.

B: Earnings variance analysis

Appendix B-1 and Appendix B-2 provide details of current quarter and year-to-date 2024 versus 2023 as-reported and adjusted earnings per share variances for Utility and Parent & Other.


Appendix B-1: As-reported and adjusted earnings per share variance analysis (c), (d), (e)
Third quarter 2024 vs. 2023
(After-tax, per share in $)
	Utility			Parent & Other			Consolidated
	As- reported	Adjusted		As- reported	Adjusted		As- reported	Adjusted
2023 earnings (loss)	3.54	3.82		(0.40)	(0.55)		3.14	3.27
Operating revenue less: fuel, fuel-related expenses and gas purchased for resale; purchased power; and other regulatory charges (credits) – net	(0.09)	(0.09)	(f)	(0.02)	(0.02)		(0.11)	(0.11)
Nuclear refueling outage expenses	0.01	0.01		-	-		0.01	0.01
Other O&M	0.10	0.10	(g)	-	-		0.10	0.10
Asset write-offs, impairments, and related charges	0.28	-	(h)	(0.15)	-	(i)	0.13	-
Decommissioning	(0.01)	(0.01)		-	-		(0.01)	(0.01)
Taxes other than income taxes	0.02	0.02		-	-		0.02	0.02
Depreciation and amortization	(0.21)	(0.21)	(j)	-	-		(0.21)	(0.21)
Other income (deductions)	0.15	0.15	(k)	(0.07)	(0.07)	(l)	0.07	0.07
Interest expense	(0.08)	(0.08)	(m)	(0.06)	(0.06)	(n)	(0.14)	(0.14)
Income taxes – other	(0.01)	(0.01)		0.04	0.04		0.03	0.03
Preferred dividend requirements and noncontrolling interests	0.01	0.01		-	-		0.01	0.01
Share effect	(0.06)	(0.06)	(o)	0.01	0.01		(0.05)	(0.05)
2024 earnings (loss)	3.65	3.65		(0.66)	(0.66)		2.99	2.99

Calculations may differ due to rounding


Appendix B-2: As-reported and adjusted earnings per share variance analysis (c), (d), (e)
Year-to-date 2024 vs. 2023
(After-tax, per share in $)
	Utility			Parent & Other			Consolidated
	As- reported	Adjusted		As- reported	Adjusted		As- reported	Adjusted
2023 earnings (loss)	7.84	7.79		(1.39)	(1.54)		6.45	6.25
Operating revenue less: fuel, fuel-related expenses and gas purchased for resale; purchased power; and other regulatory charges (credits) – net	(0.25)	0.33	(f)	(0.05)	(0.05)	(p)	(0.30)	0.28
Nuclear refueling outage expenses	(0.01)	(0.01)		-	-		(0.01)	(0.01)
Other O&M	(0.26)	(0.25)	(g)	0.02	0.02		(0.24)	(0.24)
Asset write-offs, impairments, and related charges	(0.18)	-	(h)	(0.15)	-	(i)	(0.33)	-
Decommissioning	(0.03)	(0.03)		-	-		(0.03)	(0.03)
Taxes other than income taxes	(0.02)	(0.02)		-	-		(0.02)	(0.02)
Depreciation and amortization	(0.49)	(0.49)	(j)	-	-		(0.49)	(0.49)
Other income (deductions)	0.85	0.78	(k)	(1.36)	(0.18)	(l)	(0.51)	0.60
Interest expense	(0.19)	(0.19)	(m)	(0.17)	(0.17)	(n)	(0.36)	(0.36)
Income taxes – other	(0.56)	0.05	(q)	0.02	0.02		(0.54)	0.07
Preferred dividend requirements and noncontrolling interests	0.01	0.01		-	-		0.01	0.01
Share effect	(0.08)	(0.09)	(o)	0.04	0.02		(0.04)	(0.07)
2024 earnings (loss)	6.63	7.87		(3.04)	(1.88)		3.58	5.99

Calculations may differ due to rounding

(c)Utility operating revenue and Utility income taxes – other excluded the following for the amortization of unprotected excess ADIT (net effect was neutral to earnings) ($ in millions):


	3Q24	3Q23	YTD24	YTD23
Utility operating revenue	6	5	22	8
Utility income taxes – other	(6)	(5)	(22)	(8)

(d)Utility regulatory charges (credits) – net and Utility preferred dividend requirements and noncontrolling interests excluded the following for the effects of HLBV accounting and the approved deferral (net effect was neutral to earnings) ($ millions):


	3Q24	3Q23	YTD24	YTD23
Utility regulatory charges (credits) – net	(3)	(3)	(9)	(10)
Utility preferred dividend requirements and noncontrolling interests	3	3	9	10

(e)EPS effect is calculated by multiplying the pre-tax amount by the estimated income tax rate that is expected to apply and dividing by diluted average number of common shares outstanding for the prior period. Income taxes – other represents income tax differences other than the income tax effect of individual line items. Share effect captures the per share impact from the change in diluted average number of common shares outstanding.


Utility as-reported operating revenue less fuel, fuel-related expenses and gas purchased for resale; purchased power; and other regulatory charges (credits) – net variance analysis 2024 vs. 2023 ($ EPS)
	3Q	YTD
Electric volume / weather	(0.41)	(0.06)
Retail electric price	0.32	0.79
2Q24 E-LA global agreement to resolve its FRP extension filing and other retail matters	-	(0.52)
2Q24 E-MS 2024 FRP relate-back	-	0.03
1Q24 E-NO provision for increased income tax sharing	-	(0.27)
3Q23 E-TX adjustments to regulatory provisions	(0.11)	(0.11)
3Q23 E-TX base rate case relate-back	0.03	0.03
3Q23 SERI depreciation rate settlement	0.14	0.14
1Q23 impacts from E-LA storm cost approval and securitization, including customer sharing	-	0.22
E-LA wholesale contract termination	(0.03)	(0.09)
Reg. provisions for decommissioning items	(0.03)	(0.44)
Other, including Grand Gulf recovery	-	0.03
Total	(0.09)	(0.25)

(f)The third quarter and year-to-date variances included several drivers. The third quarter variances included the effects of weather on retail volume, which was partially offset by a wholesale contract termination (the sales from this agreement are now included in retail sales). The variances also reflected regulatory actions including E-AR’s FRP, E-LA’s FRP (including riders), and E-MS’s FRP. Additionally, the variances included the net effect of the third quarter 2023 adjustments to regulatory provisions at E-TX, changes in regulatory provisions for decommissioning items (based on regulatory treatment, decommissioning-related variances were offset in other line items and were largely earnings neutral), and a third quarter 2023 regulatory provision recorded at SERI for the refund of excess depreciation previously collected from customers as a result of FERC approving lower depreciation rates retroactive to March 2022 (largely offset by a retroactive reduction in depreciation expense). The year-to-date as-reported variance also reflected several items that were considered adjustments and excluded from adjusted earnings. (1) A regulatory charge of $(150 million) ($(111 million) after tax) was recorded in second quarter 2024 as a result of E-LA reaching an agreement in principle to provide $184 million of customer credits, including for increasing customer sharing of income tax benefits resulting from the 2016-2018 IRS audit resolution (a reserve of $38 million was previously established) to resolve several open matters. (2) A regulatory charge for $(79 million) ($(57 million) after tax) was recorded in first quarter 2024 by E-NO to provide for sharing additional income tax benefits from the 2016–2018 IRS audit resolution with customers. (3) E-LA recorded items in first quarter 2023 which resulted from its securitization including $(103 million) ($(76 million) after tax) for a regulatory provision for customer sharing and $31 million ($31 million after tax) for a true-up of carrying charges on storm costs. The year-to-date variances also included the effects of E-TX’s base rate case relate-back portion in retail electric price.

(g)The third quarter earnings increase from lower Utility other O&M was largely due to a decrease in power delivery expenses primarily due to the timing of vegetation maintenance costs and lower compensation and benefits costs. The year-to-date earnings decrease from higher Utility other O&M was primarily due to higher contract costs related to operational performance, customer service, and organizational health initiatives; higher energy efficiency costs; the recognition of an E-AR DOE award judgment in the third quarter 2023; higher bad debt expense; higher MISO

transmission costs; higher non-nuclear generation expenses primarily due to the scope of work performed in 2024 compared to 2023; and a gain recorded in second quarter 2023 on the partial sale of a service center as part of an eminent domain proceeding. The year-to-date earnings decrease was partially offset by lower power delivery expenses due to the timing of vegetation maintenance costs.

(h)The third quarter as-reported earnings increase from lower Utility asset write-offs and impairments was primarily due to a $(78 million) ($(59 million) after-tax) E-AR write-off in third quarter 2023, which resulted from E-AR’s agreement to forgo its opportunity to seek recovery of costs associated with the ANO Stator incident in 2013 (considered an adjustment and excluded from adjusted earnings). The year-to-date as-reported earnings decrease from higher Utility asset write-offs and impairments also reflected the first quarter 2024 write-off of an E-AR regulatory asset totaling $(132 million) ($(97 million) after tax) related to the opportunity sales proceeding (considered an adjustment and excluded from adjusted earnings).

(i)The third quarter and year-to-date as-reported earnings decreases from Parent & Other asset write-offs and impairments

were due to recording a spent fuel litigation settlement related to IPEC in third quarter 2023 (considered an adjustment

and excluded from adjusted earnings).

(j)The third quarter and year-to-date earnings decreases from higher Utility depreciation and amortization were primarily due to a reduction in depreciation expense in third quarter 2023 resulting from FERC approval of lower depreciation rates at SERI retroactive to March 2022 (largely offset by a regulatory provision to refund the excess depreciation previously collected from customers) and higher plant in service. The year-to-date decrease also reflected the recognition of depreciation expense from E-TX’s 2022 base rate case relate-back effective January 2024 and an increase in depreciation rates for E-TX effective June 2023. The year-to-date decrease was partially offset by lower depreciation rates for SERI effective June 2023.

(k)The third quarter and year-to-date earnings increases from higher Utility other income (deductions) were largely due to a decrease in non-service pension costs and changes in nuclear decommissioning trust returns, including portfolio rebalancing in 2024 (based on regulatory treatment, decommissioning-related variances are offset in other line items and were largely earnings neutral). Higher AFUDC–equity due to higher construction work in progress also contributed to the increase. The year-to-date increase also reflected higher intercompany dividend income from affiliate preferred membership interests related to 2023 storm cost securitizations (largely offset at P&O), and a $(15 million) ($(15 million) after tax) charge recorded in first quarter 2023 to account for LURC’s 1% beneficial interest in the storm trust established as part of E-LA’s 2023 storm cost securitization (considered an adjustment and excluded from adjusted earnings).

(l)The third quarter and year-to-date as-reported earnings decreases from lower Parent & Other other income (deductions) were partly due to changes in legal provisions and lower non-service pension income. The year-to-date decrease also reflected a second quarter 2024 $(317 million) ($(250 million) after tax) one-time non-cash pension settlement charge associated with the purchase of a group annuity contract to settle certain pension liabilities (considered an adjustment and excluded from adjusted earnings) as well as higher intercompany dividends associated with affiliate preferred membership interests resulting from E-LA’s securitizations (largely offset at Utility).

(m)The third quarter and year-to-date earnings decreases from higher Utility interest expense were primarily due to higher interest rates as well as higher debt balances.

(n)The third quarter and year-to-date earnings decreases from higher Parent & Other interest expense were primarily due to the issuance of $1.2 billion of junior subordinated debentures in May 2024. The year-to-date decrease also reflected higher interest on commercial paper borrowings.

(o)The third quarter and year-to-date earnings per share impacts from share effect reflected higher shares outstanding due to the settlement of equity forwards in fourth quarter 2023 under the company’s ATM program, option exercises under the company’s stock-based compensation plans, and the dilutive effect of unsettled equity forwards under the company’s ATM program as a result of an increase in the stock price.

(p)The year-to-date earnings decrease from lower P&O net revenue was primarily due to lower capacity revenues resulting from the first quarter 2024 termination of a municipal requirements contract.

(q)The year-to-date as-reported earnings decrease from Utility income taxes – other was largely due to a $129 million income tax benefit recorded in first quarter 2023 related to storm cost securitization financing (considered an adjustment and excluded from adjusted earnings). Excluding this item, there were several individually insignificant items that partially offset the as-reported decrease.

C: Utility operating and financial measures

Appendix C provides a comparison of Utility operating and financial measures.


Appendix C: Utility operating and financial measures
Third quarter and year-to-date 2024 vs. 2023
	Third quarter				Year-to-date
	2024	2023	% Change	% Weather adjusted (r)	2024	2023	% Change	% Weather adjusted (r)
GWh sold
Residential	11,519	12,661	(9.0)	1.3	28,499	28,963	(1.6)	(0.2)
Commercial	8,394	8,648	(2.9)	2.0	21,797	21,865	(0.3)	0.7
Governmental	684	700	(2.3)	(0.3)	1,883	1,887	(0.2)	0.8
Industrial	15,150	13,781	9.9	9.9	42,174	39,823	5.9	5.9
Total retail sales	35,747	35,790	(0.1)	5.0	94,353	92,538	2.0	2.7
Wholesale	3,727	3,916	(4.8)		10,737	11,589	(7.4)
Total sales	39,474	39,706	(0.6)		105,090	104,127	0.9

Number of electric retail customers
Residential					2,601,894	2,581,652	0.8
Commercial					371,579	370,966	0.2
Governmental					18,015	18,008	-
Industrial					49,550	50,380	(1.6)
Total retail customers					3,041,038	3,021,006	0.7

Other O&M and nuclear refueling outage exp. per MWh	$19.01	$19.70	(3.5)		$20.87	$20.34	2.6

Calculations may differ due to rounding

(r)The effects of weather were estimated using heating degree days and cooling degree days for the period from certain locations within each jurisdiction and comparing to “normal” weather based on 20-year historical data. The models used to estimate weather are updated periodically and are subject to change.

For the quarter, on a weather-adjusted basis, retail sales increased 5.0 percent. Industrial sales increased 9.9 percent mainly due to higher sales to large industrial customers primarily in the petroleum refining industry. Residential sales were 1.3 percent higher and commercial sales increased 2.0 percent.

D: Consolidated financial measures

Appendix D provides comparative financial measures. Financial measures in this table include those calculated and presented in accordance with GAAP, as well as those that are considered non-GAAP financial measures.


Appendix D: GAAP and non-GAAP financial measures
Third quarter 2024 vs. 2023 (See Appendix F for reconciliation of GAAP to non-GAAP financial measures)

For 12 months ending September 30	2024	2023	Change
GAAP measure
As-reported ROE	12.2%	11.4%	0.8%

Non-GAAP financial measure
Adjusted ROE	9.7%	11.1%	(1.4)%

As of September 30 ($ in millions, except where noted)	2024	2023	Change
GAAP measures
Cash and cash equivalents	1,412	1,520	(108)
Available revolver capacity	4,345	4,346	(1)
Commercial paper	1,122	1,351	(229)
Total debt	29,100	27,619	1,481
Junior subordinated debentures	1,200	-	1,200
Securitization debt	249	278	(29)
Debt to capital	65%	66%	(1)%
Storm escrows	336	416	(80)

Non-GAAP financial measures ($ in millions, except where noted)
Adjusted debt to adjusted capitalization	64%	66%	(2)%
Adjusted net debt to adjusted net capitalization	63%	65%	(2)%
Gross liquidity	5,757	5,865	(108)
Net liquidity	6,361	4,978	1,383
Adjusted parent debt to total adjusted debt	20%	20%	1%
FFO to adjusted debt	13.5%	12.4%	1.1%

Calculations may differ due to rounding

E: Definitions and abbreviations and acronyms

Appendix E-1 provides definitions of certain operating measures, as well as GAAP and non-GAAP financial measures.


Appendix E-1: Definitions
Utility operating and financial measures
GWh sold			Total number of GWh sold to retail and wholesale customers
Number of electric retail customers			Average number of electric customers over the period
Other O&M and refueling outage expense per MWh			Other operation and maintenance expense plus nuclear refueling outage expense per MWh of total sales
Financial measures – GAAP
As-reported ROE			Last twelve months net income attributable to Entergy Corp. divided by avg. common equity
Debt to capital			Total debt divided by total capitalization
Available revolver capacity			Amount of undrawn capacity remaining on corporate and subsidiary revolvers
Securitization debt			Debt on the balance sheet associated with securitization bonds that is secured by certain future customer collections
Total debt			Sum of short-term and long-term debt, notes payable, and commercial paper
Financial measures – non-GAAP
Adjusted capitalization			Capitalization excluding securitization debt
Adjusted debt			Debt excluding securitization debt and 50% of junior subordinated debentures
Adjusted debt to adjusted capitalization			Adjusted debt divided by adjusted capitalization
Adjusted EPS			As-reported earnings minus adjustments, divided by the diluted average number of common shares outstanding
Adjusted net capitalization			Adjusted capitalization minus cash and cash equivalents
Adjusted net debt			Adjusted debt minus cash and cash equivalents
Adjusted net debt to adjusted net capitalization			Adjusted net debt divided by adjusted net capitalization
Adjusted Parent debt			Entergy Corp. debt, including amounts drawn on credit revolver and commercial paper facilities, minus 50% of junior subordinated debentures
Adjusted Parent debt to total adjusted debt			Adjusted Parent debt divided by consolidated adjusted debt
Adjusted ROE			Last twelve months adjusted earnings divided by average common equity
Adjusted ROE excluding affiliate preferred			Last twelve months adjusted earnings, excluding dividend income from affiliate preferred as well as the after-tax cost of debt financing for preferred investment, divided by average common equity adjusted to exclude the estimated equity associated with the affiliate preferred investment
Adjustments			Unusual or non-recurring items or events or other items or events that management believes do not reflect the ongoing business of Entergy, such as significant tax items, and other items such as certain costs, expenses, or other specified items
FFO			OCF minus AFUDC-borrowed funds, working capital items in OCF (receivables, fuel inventory, accounts payable, taxes accrued, interest accrued, deferred fuel costs, and other working capital accounts), 50% of interest on junior subordinated debentures, and securitization regulatory charges
FFO to adjusted debt			Last twelve months FFO divided by end of period adjusted debt
Gross liquidity			Sum of cash and cash equivalents plus available revolver capacity
Net liquidity			Sum of cash and cash equivalents, available revolver capacity, escrow accounts available for certain storm expenses, and equity sold forward but not yet settled minus commercial paper borrowing

Appendix E-2 explains abbreviations and acronyms used in the quarterly earnings materials.


Appendix E-2: Abbreviations and acronyms
ADIT	Accumulated deferred income taxes	IPEC	Indian Point Energy Center (nuclear) (sold 5/28/21)
AFUDC – borrowed funds	Allowance for borrowed funds used during construction	IRS	Internal Revenue Service
AFUDC – equity	Allowance for equity funds used during construction	LCPS	Lake Charles Power Station
AMS	Advanced metering system	LDC	Local distribution company
ANO	Arkansas Nuclear One (nuclear)	LNG	Liquified natural gas
APSC	Arkansas Public Service Commission	LPSC	Louisiana Public Service Commission
ATM	At the market equity issuance program	LTM	Last twelve months
bbl	Barrels	LURC	Louisiana Utility Restoration Corporation
Bcf/d	Billion cubic feet per day	MISO	Midcontinent Independent System Operator, Inc.
bps	Basis points	MMBtu	Million British thermal units
CAGR	Compound annual growth rate	Moody’s	Moody’s Ratings
CCCT	Combined cycle combustion turbine	MPSC	Mississippi Public Service Commission
CCGT	Combined cycle gas turbine	MTEP	MISO Transmission Expansion Plan
CCN	Certificate for convenience and necessity	NBP	National Balancing Point
CCNO	Council of the City of New Orleans	NDT	Nuclear decommissioning trust
CCS	Carbon capture and sequestration	NGL	Natural gas liquid
CFO	Cash from operations	NYSE	New York Stock Exchange
COD	Commercial operation date	O&M	Operations and maintenance
CT	Combustion turbine	OCAPS	Orange County Advanced Power Station (CCCT)
DCRF	Distribution cost recovery factor	OCF	Net cash flow provided by operating activities
DOE	U.S. Department of Energy	OpCo	Utility operating company
DRM	Distribution Recovery Mechanism (rider within E-LA’s FRP)	OPEB	Other post-employment benefits
E-AR	Entergy Arkansas, LLC	Other O&M	Other non-fuel operation and maintenance expense
E-LA	Entergy Louisiana, LLC	P&O	Parent & Other
E-MS	Entergy Mississippi, LLC	PMR	Performance Management Rider
E-NO	Entergy New Orleans, LLC	PPA	Power purchase agreement or purchased power agreement
E-TX	Entergy Texas, Inc.	PUCT	Public Utility Commission of Texas
EEI	Edison Electric Institute	RECs	Renewable Energy Certificates
EPS	Earnings per share	RFP	Request for proposals
ESG	Environmental, social, and governance	ROE	Return on equity
ETR	Entergy Corporation	RPCR	Resilience plan cost recovery rider
FERC	Federal Energy Regulatory Commission	RSP	Rate Stabilization Plan (E-LA gas)
FFO	Funds from operations	S&P	Standard & Poor’s
FRP	Formula rate plan	SEC	U.S. Securities and Exchange Commission
GAAP	U.S. generally accepted accounting principles	SERI	System Energy Resources, Inc.
GRIP	Grid Resilience and Innovation Partnerships (DOE grant program)	TCRF	Transmission cost recovery factor
GCRR	Generation Cost Recovery Rider	TRAM	Tax reform adjustment mechanism
Grand Gulf or GGNS	Unit 1 of Grand Gulf Nuclear Station (nuclear), 90% owned or leased by SERI	TRM	Transmission Recovery Mechanism (rider within E-LA’s FRP)
HLBV	Hypothetical liquidation at book value	UPSA	Unit Power Sales Agreement
		WACC	Weighted-average cost of capital
		WTI	West Texas Intermediate

F: Other GAAP to non-GAAP reconciliations

Appendix F-1, Appendix F-2, and Appendix F-3 provide reconciliations of various non-GAAP financial measures disclosed in this news release to their most comparable GAAP measure.


Appendix F-1: Reconciliation of GAAP to non-GAAP financial measures – ROE
(LTM $ in millions except where noted)		Third quarter
		2024	2023
As-reported net income attributable to Entergy Corporation	(A)	1,757	1,475
Adjustments	(B)	360	41

Adjusted earnings (non-GAAP)	(C)=(A-B)	1,397	1,434

Average common equity (average of beginning and ending balances)	(D)	14,362	12,894

As-reported ROE	(A/D)	12.2%	11.4%
Adjusted ROE (non-GAAP)	(C/D)	9.7%	11.1%

Calculations may differ due to rounding


Appendix F-2: Reconciliation of GAAP to non-GAAP financial measures – FFO to adjusted debt
($ in millions except where noted)		Third quarter
		2024	2023
Total debt	(A)	29,100	27,619
Securitization debt	(B)	249	278
50% junior subordinated debentures	(C)	600	-
Adjusted debt (non-GAAP)	(D)=(A-B-C)	28,251	27,341

Net cash flow provided by operating activities, LTM	(E)	4,172	4,007

AFUDC – borrowed funds, LTM	(F)	46	39

50% of the interest expense associated with junior subordinated debentures, LTM	(G)	(15)	-

Working capital items in net cash flow provided by operating activities, LTM:
Receivables		46	(6)
Fuel inventory		26	(47)
Accounts payable		32	(346)
Taxes accrued		39	23
Interest accrued		11	32
Deferred fuel costs		347	1,048
Other working capital accounts		(198)	(170)
Securitization regulatory charges, LTM		24	32
Total	(H)	328	566

FFO, LTM (non-GAAP)	(I)=(E-F-G-H)	3,814	3,402

FFO to adjusted debt (non-GAAP)	(I/D)	13.5%	12.4%

Calculations may differ due to rounding


Appendix F-3: Reconciliation of GAAP to non-GAAP financial measures – adjusted debt ratios; gross liquidity; and net liquidity
($ in millions except where noted)		Third quarter
		2024	2023
Total debt	(A)	29,100	27,619
Securitization debt	(B)	249	278
50% junior subordinated debentures	(C)	600	-
Adjusted debt (non-GAAP)	(D)=(A-B-C)	28,251	27,341
Cash and cash equivalents	(E)	1,412	1,520
Adjusted net debt (non-GAAP)	(F)=(D-E)	26,839	25,821

Commercial paper	(G)	1,122	1,351

Total capitalization	(H)	44,461	41,657
Securitization debt	(B)	249	278
Adjusted capitalization (non-GAAP)	(I)=(H-B)	44,212	41,379
Cash and cash equivalents	(E)	1,412	1,520
Adjusted net capitalization (non-GAAP)	(J)=(I-E)	42,800	39,859

Total debt to total capitalization	(A/H)	65%	66%
Adjusted debt to adjusted capitalization (non-GAAP)	(D/I)	64%	66%
Adjusted net debt to adjusted net capitalization (non-GAAP)	(F/J)	63%	65%

Available revolver capacity	(K)	4,345	4,346

Storm escrows	(L)	336	416
Equity sold forward, not yet settled (s)	(M)	1,390	48

Gross liquidity (non-GAAP)	(N)=(E+K)	5,757	5,865
Net liquidity (non-GAAP)	(N-G+L+M)	6,361	4,978

Entergy Corporation notes:
Due September 2025		800	800
Due September 2026		750	750
Due June 2028		650	650
Due June 2030		600	600
Due June 2031		650	650
Due June 2050		600	600
Junior subordinated debentures due December 2054		1,200	-
Total Parent long-term debt	(O)	5,250	4,050
Revolver draw	(P)	-	-
Unamortized debt issuance costs and discounts	(Q)	(47)	(39)
Total parent debt	(R)=(G+O+P+Q)	6,326	5,363

Adjusted Parent debt (non-GAAP)	(S)=(R-C)	5,726	5,363

Adjusted parent debt to total adjusted debt (non-GAAP)	(S/D)	20%	20%

Calculations may differ due to rounding

(s)Reflects adjustments, including for common dividends between issuance and settlement.

Financial Statements


Entergy Corporation
Consolidating Balance Sheet
September 30, 2024
(Dollars in thousands)
(Unaudited)
	Utility		Parent & Other		Consolidated
ASSETS

CURRENT ASSETS

Cash and cash equivalents:
Cash	$	84,088	$	7,159	$	91,247
Temporary cash investments	1,247,048		73,517		1,320,565
Total cash and cash equivalents	1,331,136		80,676		1,411,812
Accounts receivable:
Customer	939,477		—		939,477
Allowance for doubtful accounts	(22,090)		—		(22,090)
Associated companies	3,483		(3,483)		—
Other	201,520		1,722		203,242
Accrued unbilled revenues	545,946		—		545,946
Total accounts receivable	1,668,336		(1,761)		1,666,575
Deferred fuel costs	6,774		—		6,774
Fuel inventory - at average cost	150,439		5,707		156,146
Materials and supplies - at average cost	1,618,533		4,518		1,623,051
Deferred nuclear refueling outage costs	107,369		—		107,369
Prepayments and other	483,833		(237,754)		246,079
TOTAL	5,366,420		(148,614)		5,217,806

OTHER PROPERTY AND INVESTMENTS

Investment in affiliates	4,313,190		(4,313,190)		—
Decommissioning trust funds	5,541,880		—		5,541,880
Non-utility property - at cost (less accumulated depreciation)	414,538		6,437		420,975
Storm reserve escrow account	336,407		—		336,407
Other	39,121		33,006		72,127
TOTAL	10,645,136		(4,273,747)		6,371,389

PROPERTY, PLANT, AND EQUIPMENT

Electric	68,860,324		201,847		69,062,171
Natural gas	740,293		—		740,293
Construction work in progress	3,474,755		1,331		3,476,086
Nuclear fuel	704,843		—		704,843
TOTAL PROPERTY, PLANT, AND EQUIPMENT	73,780,215		203,178		73,983,393
Less - accumulated depreciation and amortization	27,394,176		146,477		27,540,653
PROPERTY, PLANT, AND EQUIPMENT - NET	46,386,039		56,701		46,442,740

DEFERRED DEBITS AND OTHER ASSETS

Regulatory assets:
Other regulatory assets	5,487,360		—		5,487,360
Deferred fuel costs	172,201		—		172,201
Goodwill	374,099		—		374,099
Accumulated deferred income taxes	13,075		2,762		15,837
Other	264,298		116,319		380,617
TOTAL	6,311,033		119,081		6,430,114

TOTAL ASSETS	$	68,708,628	$	(4,246,579)	$	64,462,049

*Totals may not foot due to rounding.


Entergy Corporation
Consolidating Balance Sheet
September 30, 2024
(Dollars in thousands)
(Unaudited)
	Utility		Parent & Other		Consolidated
LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES

Currently maturing long-term debt	$	378,090	$	939,000	$	1,317,090
Notes payable and commercial paper:
Other	—		1,122,409		1,122,409
Accounts payable:
Associated companies	32,843		(32,843)		—
Other	1,514,843		8,436		1,523,279
Customer deposits	466,770		—		466,770
Taxes accrued	485,655		85,370		571,025
Interest accrued	220,345		52,690		273,035
Deferred fuel costs	264,097		—		264,097
Pension and other postretirement liabilities	41,517		13,634		55,151
Other	247,521		18,869		266,390
TOTAL	3,651,681		2,207,565		5,859,246

NON-CURRENT LIABILITIES

Accumulated deferred income taxes and taxes accrued	6,321,040		(1,771,521)		4,549,519
Accumulated deferred investment tax credits	197,580		—		197,580
Regulatory liability for income taxes - net	1,032,288		—		1,032,288
Other regulatory liabilities	3,684,331		—		3,684,331
Decommissioning and asset retirement cost liabilities	4,813,156		3,463		4,816,619
Accumulated provisions	481,635		261		481,896
Pension and other postretirement liabilities	415,840		44,984		460,824
Long-term debt	22,160,000		4,403,350		26,563,350
Other	1,865,205		(409,930)		1,455,275
TOTAL	40,971,075		2,270,607		43,241,682

Subsidiaries' preferred stock without sinking fund	195,161		24,249		219,410

EQUITY

Preferred stock, no par value, authorized 1,000,000 shares;
issued shares in 2024 - none	—		—		—
Common stock, $.01 par value, authorized 499,000,000 shares;
issued 280,975,348 shares in 2024	2,438,748		(2,435,938)		2,810
Paid-in capital	5,205,168		2,603,238		7,808,406
Retained earnings	16,196,831		(4,211,279)		11,985,552
Accumulated other comprehensive income	57,345		18,840		76,185
Less - treasury stock, at cost (66,567,334 shares in 2024)	120,000		4,720,111		4,840,111
TOTAL SHAREHOLDERS' EQUITY	23,778,092		(8,745,250)		15,032,842
Subsidiaries' preferred stock without sinking fund
and noncontrolling interests	112,619		(3,750)		108,869
TOTAL	23,890,711		(8,749,000)		15,141,711

TOTAL LIABILITIES AND EQUITY	$	68,708,628	$	(4,246,579)	$	64,462,049

*Totals may not foot due to rounding.


Entergy Corporation
Consolidating Balance Sheet
December 31, 2023
(Dollars in thousands)
(Unaudited)
	Utility		Parent & Other		Consolidated
ASSETS

CURRENT ASSETS

Cash and cash equivalents:
Cash	$	63,000	$	8,609	$	71,609
Temporary cash investments	37,434		23,505		60,939
Total cash and cash equivalents	100,434		32,114		132,548
Accounts receivable:
Customer	699,411		—		699,411
Allowance for doubtful accounts	(25,905)		—		(25,905)
Associated companies	(21,282)		21,282		—
Other	215,265		10,069		225,334
Accrued unbilled revenues	494,615		—		494,615
Total accounts receivable	1,362,104		31,351		1,393,455
Deferred fuel costs	169,967		—		169,967
Fuel inventory - at average cost	185,653		7,146		192,799
Materials and supplies - at average cost	1,414,613		4,356		1,418,969
Deferred nuclear refueling outage costs	140,115		—		140,115
Prepayments and other	210,563		2,453		213,016
TOTAL	3,583,449		77,420		3,660,869

OTHER PROPERTY AND INVESTMENTS

Investment in affiliates	4,509,294		(4,509,294)		—
Decommissioning trust funds	4,863,710		—		4,863,710
Non-utility property - at cost (less accumulated depreciation)	410,845		7,701		418,546
Storm reserve escrow account	323,206		—		323,206
Other	38,513		30,981		69,494
TOTAL	10,145,568		(4,470,612)		5,674,956

PROPERTY, PLANT, AND EQUIPMENT

Electric	66,638,517		211,957		66,850,474
Natural gas	717,503		—		717,503
Construction work in progress	2,108,760		943		2,109,703
Nuclear fuel	707,852		—		707,852
TOTAL PROPERTY, PLANT, AND EQUIPMENT	70,172,632		212,900		70,385,532
Less - accumulated depreciation and amortization	26,395,786		155,417		26,551,203
PROPERTY, PLANT, AND EQUIPMENT - NET	43,776,846		57,483		43,834,329

DEFERRED DEBITS AND OTHER ASSETS

Regulatory assets:
Other regulatory assets	5,669,404		—		5,669,404
Deferred fuel costs	172,201		—		172,201
Goodwill	374,099		—		374,099
Accumulated deferred income taxes	14,010		2,357		16,367
Other	151,461		149,710		301,171
TOTAL	6,381,175		152,067		6,533,242

TOTAL ASSETS	$	63,887,038	$	(4,183,642)	$	59,703,396

*Totals may not foot due to rounding.


Entergy Corporation
Consolidating Balance Sheet
December 31, 2023
(Dollars in thousands)
(Unaudited)
	Utility		Parent & Other		Consolidated
LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES

Currently maturing long-term debt	$	1,960,057	$	139,000	$	2,099,057
Notes payable and commercial paper:
Other	—		1,138,171		1,138,171
Accounts payable:
Associated companies	66,835		(66,835)		—
Other	1,558,713		8,032		1,566,745
Customer deposits	446,146		—		446,146
Taxes accrued	431,146		3,067		434,213
Interest accrued	201,336		12,861		214,197
Deferred fuel costs	218,927		—		218,927
Pension and other postretirement liabilities	45,144		14,364		59,508
Other	213,809		5,719		219,528
TOTAL	5,142,113		1,254,379		6,396,492

NON-CURRENT LIABILITIES

Accumulated deferred income taxes and taxes accrued	5,843,746		(1,597,764)		4,245,982
Accumulated deferred investment tax credits	205,973		—		205,973
Regulatory liability for income taxes - net	1,033,242		—		1,033,242
Other regulatory liabilities	3,116,926		—		3,116,926
Decommissioning and asset retirement cost liabilities	4,505,119		663		4,505,782
Accumulated provisions	462,296		274		462,570
Pension and other postretirement liabilities	546,897		101,516		648,413
Long-term debt	18,995,944		4,012,895		23,008,839
Other	1,528,284		(411,623)		1,116,661
TOTAL	36,238,427		2,105,961		38,344,388

Subsidiaries' preferred stock without sinking fund	195,161		24,249		219,410

EQUITY

Preferred stock, no par value, authorized 1,000,000 shares;
issued shares in 2023 - none	—		—		—
Common stock, $.01 par value, authorized 499,000,000 shares;
issued 280,975,348 shares in 2023	2,458,748		(2,455,938)		2,810
Paid-in capital	5,198,873		2,596,538		7,795,411
Retained earnings	14,585,015		(2,644,631)		11,940,384
Accumulated other comprehensive loss	64,492		(226,952)		(162,460)
Less - treasury stock, at cost (68,162,778 shares in 2023)	120,000		4,833,498		4,953,498
TOTAL SHAREHOLDERS' EQUITY	22,187,128		(7,564,481)		14,622,647
Subsidiaries' preferred stock without sinking fund
and noncontrolling interests	124,209		(3,750)		120,459
TOTAL	22,311,337		(7,568,231)		14,743,106

TOTAL LIABILITIES AND EQUITY	$	63,887,038	$	(4,183,642)	$	59,703,396

*Totals may not foot due to rounding.


Entergy Corporation
Consolidating Income Statement
Three Months Ended September 30, 2024
(Dollars in thousands)
(Unaudited)
	Utility		Parent & Other		Consolidated

OPERATING REVENUES
Electric	$	3,337,820	$	—	$	3,337,820
Natural gas	32,318		—		32,318
Other	—		18,962		18,962
Total	3,370,138		18,962		3,389,100

OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel related expenses, and gas purchased for resale	637,074		10,908		647,982
Purchased power	205,144		7,928		213,072
Nuclear refueling outage expenses	36,280		—		36,280
Other operation and maintenance	714,162		8,725		722,887
Decommissioning	55,277		43		55,320
Taxes other than income taxes	191,668		459		192,127
Depreciation and amortization	496,884		1,597		498,481
Other regulatory charges (credits) - net	(102,911)		—		(102,911)
Total	2,233,578		29,660		2,263,238

OPERATING INCOME	1,136,560		(10,698)		1,125,862

OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	33,126		—		33,126
Interest and investment income	137,518		(73,202)		64,316
Miscellaneous - net	(54,624)		(12,308)		(66,932)
Total	116,020		(85,510)		30,510

INTEREST EXPENSE
Interest expense	241,852		66,650		308,502
Allowance for borrowed funds used during construction	(13,359)		—		(13,359)
Total	228,493		66,650		295,143

INCOME BEFORE INCOME TAXES	1,024,087		(162,858)		861,229

Income taxes	237,225		(21,750)		215,475

CONSOLIDATED NET INCOME	786,862		(141,108)		645,754

Preferred dividend requirements of subsidiaries and noncontrolling interests	315		499		814

NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION	$	786,547	$	(141,607)	$	644,940

EARNINGS PER AVERAGE COMMON SHARE:
BASIC	$3.68		($0.66)		$3.01
DILUTED	$3.65		($0.66)		$2.99

AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
BASIC					214,012,467
DILUTED					215,694,209
*Totals may not foot due to rounding.


Entergy Corporation
Consolidating Income Statement
Three Months Ended September 30, 2023
(Dollars in thousands)
(Unaudited)
	Utility			Parent & Other		Consolidated

OPERATING REVENUES
Electric	$	3,526,935		$	—	$	3,526,935
Natural gas	32,305			—		32,305
Other	—			36,282		36,282
Total	3,559,240			36,282		3,595,522

OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel related expenses, and gas purchased for resale	693,258			14,233		707,491
Purchased power	292,283			17,093		309,376
Nuclear refueling outage expenses	39,057			—		39,057
Other operation and maintenance	743,289			8,474		751,763
Asset write-offs, impairments and related charges (credits)	78,434			(40,356)		38,078
Decommissioning	52,324			12		52,336
Taxes other than income taxes	197,086			568		197,654
Depreciation and amortization	438,293			1,580		439,873
Other regulatory charges (credits) - net	(83,489)			—		(83,489)
Total	2,450,535		—	1,604		2,452,139

OPERATING INCOME	1,108,705			34,678		1,143,383

OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	24,225			—		24,225
Interest and investment income	78,252			(75,690)		2,562
Miscellaneous - net	(25,927)			7,909		(18,018)
Total	76,550			(67,781)		8,769

INTEREST EXPENSE
Interest expense	214,723			50,211		264,934
Allowance for borrowed funds used during construction	(9,493)			—		(9,493)
Total	205,230			50,211		255,441

INCOME BEFORE INCOME TAXES	980,025			(83,314)		896,711

Income taxes	225,989			1,008		226,997

CONSOLIDATED NET INCOME	754,036			(84,322)		669,714

Preferred dividend requirements of subsidiaries and noncontrolling interests	2,460			499		2,959

NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION	$	751,576		$	(84,821)	$	666,755

EARNINGS PER AVERAGE COMMON SHARE:
BASIC	$3.55			($0.40)		$3.15
DILUTED	$3.54			($0.40)		$3.14

AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
BASIC						211,459,244
DILUTED						212,238,117
*Totals may not foot due to rounding.


Entergy Corporation
Consolidating Income Statement
Nine Months Ended September 30, 2024
(Dollars in thousands)
(Unaudited)
	Utility		Parent & Other		Consolidated

OPERATING REVENUES
Electric	$	8,950,373	$	—	$	8,950,373
Natural gas	133,342		—		133,342
Other	—		53,633		53,633
Total	9,083,715		53,633		9,137,348

OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel related expenses, and gas purchased for resale	1,755,701		31,447		1,787,148
Purchased power	617,348		24,571		641,919
Nuclear refueling outage expenses	112,820		—		112,820
Other operation and maintenance	2,080,867		30,825		2,111,692
Asset write-offs, impairments and related charges	131,775		—		131,775
Decommissioning	162,826		68		162,894
Taxes other than income taxes	570,164		1,913		572,077
Depreciation and amortization	1,498,787		4,718		1,503,505
Other regulatory charges (credits) - net	132,043		—		132,043
Total	7,062,331		93,542		7,155,873

OPERATING INCOME	2,021,384		(39,909)		1,981,475

OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	89,196		—		89,196
Interest and investment income	504,018		(218,418)		285,600
Miscellaneous - net	(137,496)		(322,730)		(460,226)
Total	455,718		(541,148)		(85,430)

INTEREST EXPENSE
Interest expense	701,739		185,769		887,508
Allowance for borrowed funds used during construction	(35,588)		—		(35,588)
Total	666,151		185,769		851,920

INCOME BEFORE INCOME TAXES	1,810,951		(766,826)		1,044,125

Income taxes	384,790		(114,687)		270,103

CONSOLIDATED NET INCOME	1,426,161		(652,139)		774,022

Preferred dividend requirements of subsidiaries and noncontrolling interests	3,382		1,497		4,879

NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION	$	1,422,779	$	(653,636)	$	769,143

EARNINGS PER AVERAGE COMMON SHARE:
BASIC	$6.66		($3.06)		$3.60
DILUTED	$6.63		($3.04)		$3.58

AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
BASIC					213,592,637
DILUTED					214,736,950
*Totals may not foot due to rounding.


Entergy Corporation
Consolidating Income Statement
Nine Months Ended September 30, 2023
(Dollars in thousands)
(Unaudited)
	Utility		Parent & Other		Consolidated

OPERATING REVENUES
Electric	$	9,195,588	$	—	$	9,195,588
Natural gas	130,389		—		130,389
Other	—		96,630		96,630
Total	9,325,977		96,630		9,422,607

OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel related expenses, and gas purchased for resale	2,156,208		33,384		2,189,592
Purchased power	702,459		51,740		754,199
Nuclear refueling outage expenses	111,075		—		111,075
Other operation and maintenance	2,007,231		35,953		2,043,184
Asset write-offs, impairments and related charges (credits)	78,434		(40,356)		38,078
Decommissioning	153,945		36		153,981
Taxes other than income taxes	564,286		2,383		566,669
Depreciation and amortization	1,358,049		4,679		1,362,728
Other regulatory charges (credits) - net	(158,317)		—		(158,317)
Total	6,973,370		87,819		7,061,189

OPERATING INCOME	2,352,607		8,811		2,361,418

OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	72,238		—		72,238
Interest and investment income	301,763		(205,513)		96,250
Miscellaneous - net	(143,556)		22,542		(121,014)
Total	230,445		(182,971)		47,474

INTEREST EXPENSE
Interest expense	641,564		140,049		781,613
Allowance for borrowed funds used during construction	(29,565)		—		(29,565)
Total	611,999		140,049		752,048

INCOME BEFORE INCOME TAXES	1,971,053		(314,209)		1,656,844

Income taxes	304,352		(21,534)		282,818

CONSOLIDATED NET INCOME	1,666,701		(292,675)		1,374,026

Preferred dividend requirements of subsidiaries and noncontrolling interests	3,595		1,497		5,092

NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION	$	1,663,106	$	(294,172)	$	1,368,934

EARNINGS PER AVERAGE COMMON SHARE:
BASIC	$7.87		($1.39)		$6.47
DILUTED	$7.84		($1.39)		$6.45

AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
BASIC					211,420,117
DILUTED					212,195,735
*Totals may not foot due to rounding.


Entergy Corporation
Consolidating Income Statement
Twelve Months Ended September 30, 2024
(Dollars in thousands)
(Unaudited)
	Utility		Parent & Other		Consolidated

OPERATING REVENUES
Electric	$	11,597,240	$	—	$	11,597,240
Natural gas	183,442		—		183,442
Other	—		81,471		81,471
Total	11,780,682		81,471		11,862,153

OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel related expenses, and gas purchased for resale	2,355,286		43,850		2,399,136
Purchased power	819,074		36,682		855,756
Nuclear refueling outage expenses	151,892		—		151,892
Other operation and maintenance	2,911,692		55,030		2,966,722
Asset write-offs, impairments, and related charges (credits)	133,303		3,073		136,376
Decommissioning	215,506		81		215,587
Taxes other than income taxes	758,388		2,593		760,981
Depreciation and amortization	1,979,367		6,413		1,985,780
Other regulatory charges (credits) - net	151,891		—		151,891
Total	9,476,399		147,722		9,624,121

OPERATING INCOME	2,304,283		(66,251)		2,238,032

OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	115,451		—		115,451
Interest and investment income	646,006		(293,930)		352,076
Miscellaneous - net	(218,989)		(321,236)		(540,225)
Total	542,468		(615,166)		(72,698)

INTEREST EXPENSE
Interest expense	916,577		235,483		1,152,060
Allowance for borrowed funds used during construction	(45,781)		—		(45,781)
Total	870,796		235,483		1,106,279

INCOME BEFORE INCOME TAXES	1,975,955		(916,900)		1,059,055

Income taxes	(294,409)		(408,841)		(703,250)

CONSOLIDATED NET INCOME	2,270,364		(508,059)		1,762,305

Preferred dividend requirements of subsidiaries and noncontrolling interests	3,564		1,996		5,560

NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION	$	2,266,800	$	(510,055)	$	1,756,745

EARNINGS PER AVERAGE COMMON SHARE:
BASIC	$10.63		($2.39)		$8.24
DILUTED	$10.58		($2.38)		$8.20

AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
BASIC					213,195,943
DILUTED					214,279,154
*Totals may not foot due to rounding.


Entergy Corporation
Consolidating Income Statement
Twelve Months Ended September 30, 2023
(Dollars in thousands)
(Unaudited)
	Utility		Parent & Other		Consolidated

OPERATING REVENUES
Electric	$	12,358,348	$	(3)	$	12,358,345
Natural gas	197,391		—		197,391
Other	—		139,371		139,371
Total	12,555,739		139,368		12,695,107

OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel related expenses, and gas purchased for resale	3,185,391		51,357		3,236,748
Purchased power	989,084		71,341		1,060,425
Nuclear refueling outage expenses	147,482		—		147,482
Other operation and maintenance	2,776,758		55,212		2,831,970
Asset write-offs, impairments, and related charges (credits)	78,434		(40,356)		38,078
Decommissioning	203,838		47		203,885
Taxes other than income taxes	752,367		5,393		757,760
Depreciation and amortization	1,780,523		6,210		1,786,733
Other regulatory charges (credits) - net	(178,269)		—		(178,269)
Total	9,735,608		149,204		9,884,812

OPERATING INCOME	2,820,131		(9,836)		2,810,295

OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	95,385		—		95,385
Interest and investment income	395,103		(256,432)		138,671
Miscellaneous - net	(219,315)		(12,048)		(231,363)
Total	271,173		(268,480)		2,693

INTEREST EXPENSE
Interest expense	843,222		183,894		1,027,116
Allowance for borrowed funds used during construction	(38,679)		—		(38,679)
Total	804,543		183,894		988,437

INCOME BEFORE INCOME TAXES	2,286,761		(462,210)		1,824,551

Income taxes	388,345		(35,472)		352,873

CONSOLIDATED NET INCOME	1,898,416		(426,738)		1,471,678

Preferred dividend requirements of subsidiaries and noncontrolling interests	(5,726)		1,996		(3,730)

NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION	$	1,904,142	$	(428,734)	$	1,475,408

EARNINGS PER AVERAGE COMMON SHARE:
BASIC	$8.97		($2.02)		$6.95
DILUTED	$8.94		($2.01)		$6.92

AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
BASIC					212,226,396
DILUTED					213,079,304
*Totals may not foot due to rounding.


Entergy Corporation
Consolidated Cash Flow Statement
Three Months Ended September 30, 2024 vs. 2023
(Dollars in thousands)
(Unaudited)
	2024		2023		Variance

OPERATING ACTIVITIES
Consolidated net income	$	645,754	$	669,714	$	(23,960)
Adjustments to reconcile consolidated net income to net cash
flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	614,766		551,697		63,069
Deferred income taxes, investment tax credits, and non-current taxes accrued	218,695		213,708		4,987
Asset write-offs, impairments and related charges (credits)	—		38,078		(38,078)
Changes in working capital:
Receivables	(85,566)		(282,742)		197,176
Fuel inventory	18,329		8,892		9,437
Accounts payable	12,286		(36,444)		48,730
Taxes accrued	120,266		132,979		(12,713)
Interest accrued	35,278		59,764		(24,486)
Deferred fuel costs	73,410		56,830		16,580
Other working capital accounts	(5,196)		11,677		(16,873)
Changes in provisions for estimated losses	14,696		9,393		5,303
Changes in regulatory assets	(78,678)		23,913		(102,591)
Changes in other regulatory liabilities	186,057		(103,241)		289,298
Changes in pension and other postretirement funded status	(60,407)		(219,507)		159,100
Other	(147,318)		270,310		(417,628)
Net cash flow provided by operating activities	1,562,372		1,405,021		157,351
INVESTING ACTIVITIES
Construction/capital expenditures	(1,140,577)		(1,062,152)		(78,425)
Allowance for equity funds used during construction	33,126		24,225		8,901
Nuclear fuel purchases	(45,243)		(66,515)		21,272
Payment for purchase of plant and assets	(371,924)		—		(371,924)
Insurance proceeds received for property damages	7,907		13,309		(5,402)
Changes in securitization account	(7,605)		(12,642)		5,037
Payments to storm reserve escrow accounts	(4,342)		(5,240)		898
Receipts from storm reserve escrow accounts	736		—		736
Decrease (increase) in other investments	13,501		(5,260)		18,761
Litigation proceeds for reimbursement of spent nuclear fuel storage costs	—		5,722		(5,722)
Proceeds from nuclear decommissioning trust fund sales	518,180		370,755		147,425
Investment in nuclear decommissioning trust funds	(538,883)		(395,833)		(143,050)
Net cash flow used in investing activities	(1,535,124)		(1,133,631)		(401,493)
FINANCING ACTIVITIES
Proceeds from the issuance of:
Long-term debt	1,873,596		1,115,351		758,245
Treasury stock	50,466		1,106		49,360
Retirement of long-term debt	(1,820,046)		(1,110,234)		(709,812)
Changes in commercial paper - net	190,058		242,719		(52,661)
Other	(18,374)		35,937		(54,311)
Dividends paid:
Common stock	(241,720)		(226,257)		(15,463)
Preferred stock	(4,580)		(4,580)		—
Net cash flow provided by financing activities	29,400		54,042		(24,642)
Net increase in cash and cash equivalents	56,648		325,432		(268,784)
Cash and cash equivalents at beginning of period	1,355,164		1,194,342		160,822
Cash and cash equivalents at end of period	$	1,411,812	$	1,519,774	$	(107,962)

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest - net of amount capitalized	$	262,531	$	195,030	$	67,501
Income taxes	$	967	$	4,060	$	(3,093)

Noncash investing activities:
Accrued construction expenditures	$	52,331	$	(88,619)	$	140,950


Entergy Corporation
Consolidated Cash Flow Statement
Nine Months Ended September 30, 2024 vs. 2023
(Dollars in thousands)
(Unaudited)
	2024		2023		Variance

OPERATING ACTIVITIES
Consolidated net income	$	774,022	$	1,374,026	$	(600,004)
Adjustments to reconcile consolidated net income to net cash
flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	1,821,258		1,668,540		152,718
Deferred income taxes, investment tax credits, and non-current taxes accrued	234,693		257,210		(22,517)
Asset write-offs, impairments and related charges (credits)	131,775		38,078		93,697
Pension settlement charge	316,738		—		316,738
Changes in working capital:
Receivables	(273,120)		(217,483)		(55,637)
Fuel inventory	36,653		(34,601)		71,254
Accounts payable	(137,268)		(304,264)		166,996
Taxes accrued	136,812		107,899		28,913
Interest accrued	58,838		66,571		(7,733)
Deferred fuel costs	208,363		620,440		(412,077)
Other working capital accounts	(125,473)		(137,061)		11,588
Changes in provisions for estimated losses	19,326		(7,171)		26,497
Changes in regulatory assets	182,044		415,101		(233,057)
Changes in other regulatory liabilities	566,451		204,817		361,634
Effect of securitization on regulatory asset	—		(491,150)		491,150
Changes in pension and other postretirement funded status	(191,946)		(347,886)		155,940
Other	(650,338)		17,927		(668,265)
Net cash flow provided by operating activities	3,108,828		3,230,993		(122,165)
INVESTING ACTIVITIES
Construction/capital expenditures	(3,264,856)		(3,373,617)		108,761
Allowance for equity funds used during construction	89,196		72,238		16,958
Nuclear fuel purchases	(206,726)		(201,213)		(5,513)
Payment for purchase of plant and assets	(544,538)		(30,433)		(514,105)
Proceeds from sale of assets	—		11,000		(11,000)
Insurance proceeds received for property damages	7,907		19,493		(11,586)
Changes in securitization account	(3,629)		(4,839)		1,210
Payments to storm reserve escrow accounts	(13,937)		(14,320)		383
Receipts from storm reserve escrow accounts	736		—		736
Decrease (increase) in other investments	3,812		(4,998)		8,810
Litigation proceeds for reimbursement of spent nuclear fuel storage costs	—		23,655		(23,655)
Proceeds from nuclear decommissioning trust fund sales	1,719,342		806,658		912,684
Investment in nuclear decommissioning trust funds	(1,788,922)		(882,686)		(906,236)
Net cash flow used in investing activities	(4,001,615)		(3,579,062)		(422,553)
FINANCING ACTIVITIES
Proceeds from the issuance of:
Long-term debt	6,941,862		3,605,237		3,336,625
Treasury stock	96,448		5,184		91,264
Retirement of long-term debt	(4,199,949)		(3,384,007)		(815,942)
Changes in commercial paper - net	(15,762)		523,484		(539,246)
Capital contributions from noncontrolling interest	—		25,708		(25,708)
Proceeds received by storm trusts related to securitization	—		1,457,676		(1,457,676)
Other	87,166		102,835		(15,669)
Dividends paid:
Common stock	(723,975)		(678,699)		(45,276)
Preferred stock	(13,739)		(13,739)		—
Net cash flow provided by financing activities	2,172,051		1,643,679		528,372
Net increase in cash and cash equivalents	1,279,264		1,295,610		(16,346)
Cash and cash equivalents at beginning of period	132,548		224,164		(91,616)
Cash and cash equivalents at end of period	$	1,411,812	$	1,519,774	$	(107,962)

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest - net of amount capitalized	$	795,273	$	685,231	$	110,042
Income taxes	$	8,789	$	35,291	$	(26,502)

Noncash investing activities:
Accrued construction expenditures	$	420,213	$	447,095	$	(26,882)


Entergy Corporation
Consolidated Cash Flow Statement
Twelve Months Ended September 30, 2024 vs. 2023
(Dollars in thousands)
(Unaudited)
	2024		2023		Variance

OPERATING ACTIVITIES
Consolidated net income	$	1,762,305	$	1,471,678	$	290,627
Adjustments to reconcile consolidated net income to net cash
flow provided by operating activities:
Depreciation, amortization, and decommissioning, including nuclear fuel amortization	2,397,197		2,191,155		206,042
Deferred income taxes, investment tax credits, and non-current taxes accrued	(730,339)		286,728		(1,017,067)
Asset write-offs, impairments and related charges (credits)	136,376		38,078		98,298
Pension settlement charge	316,738		—		316,738
Changes in working capital:
Receivables	46,164		(5,978)		52,142
Fuel inventory	26,088		(47,091)		73,179
Accounts payable	31,948		(346,490)		378,438
Taxes accrued	39,035		22,608		16,427
Interest accrued	11,200		32,323		(21,123)
Deferred fuel costs	347,284		1,048,080		(700,796)
Other working capital accounts	(198,450)		(169,619)		(28,831)
Changes in provisions for estimated losses	(42,134)		69,066		(111,200)
Changes in regulatory assets	202,820		404,832		(202,012)
Changes in other regulatory liabilities	825,439		54,573		770,866
Effect of securitization on regulatory asset	—		(395,230)		395,230
Changes in pension and other postretirement funded status	(454,539)		(789,006)		334,467
Other	(544,969)		141,335		(686,304)
Net cash flow provided by operating activities	4,172,163		4,007,042		165,121
INVESTING ACTIVITIES
Construction/capital expenditures	(4,331,891)		(4,585,622)		253,731
Allowance for equity funds used during construction	115,451		95,385		20,066
Nuclear fuel purchases	(276,486)		(299,207)		22,721
Payment for purchase of plant and assets	(549,199)		(30,433)		(518,766)
Proceeds from sale of assets	—		16,887		(16,887)
Insurance proceeds received for property damages	7,907		19,493		(11,586)
Changes in securitization account	6,703		9,451		(2,748)
Payments to storm reserve escrow accounts	(19,397)		(216,775)		197,378
Receipts from storm reserve escrow accounts	99,265		125,001		(25,736)
Decrease (increase) in other investments	(7,923)		24,912		(32,835)
Litigation proceeds for reimbursement of spent nuclear fuel storage costs	—		23,655		(23,655)
Proceeds from nuclear decommissioning trust fund sales	1,995,406		1,066,040		929,366
Investment in nuclear decommissioning trust funds	(2,091,366)		(1,168,779)		(922,587)
Net cash flow used in investing activities	(5,051,530)		(4,919,992)		(131,538)
FINANCING ACTIVITIES
Proceeds from the issuance of:
Long-term debt	7,609,922		4,308,379		3,301,543
Treasury stock	101,087		5,424		95,663
Common stock	130,649		852,555		(721,906)
Retirement of long-term debt	(5,951,695)		(4,381,268)		(1,570,427)
Changes in commercial paper - net	(228,696)		(35,527)		(193,169)
Capital contributions from noncontrolling interest	—		40,815		(40,815)
Proceeds received by storm trusts related to securitization	—		1,457,676		(1,457,676)
Other	91,926		103,937		(12,011)
Dividends paid:
Common stock	(963,469)		(904,439)		(59,030)
Preferred stock	(18,319)		(18,319)		—
Net cash flow provided by financing activities	771,405		1,429,233		(657,828)
Net increase (decrease) in cash and cash equivalents	(107,962)		516,283		(624,245)
Cash and cash equivalents at beginning of period	1,519,774		1,003,491		516,283
Cash and cash equivalents at end of period	$	1,411,812	$	1,519,774	$	(107,962)

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest - net of amount capitalized	$	1,097,294	$	955,904	$	141,390
Income taxes	$	16,319	$	71,057	$	(54,738)

Noncash investing activities:
Accrued construction expenditures	$	420,213	$	447,095	$	(26,882)