ENTERGY TEXAS, INC. (ETI-P) Form 10-Q — Nov 2, 2026
Entergy's combined Q3 2026 10-Q shows net income attributable to Entergy Corporation of $940.3 million, or $1.98 diluted EPS, up 29% from $693.8 million and $1.53 in Q3 2025. Nine-month diluted EPS rose to $3.86 from $3.40, with utility operating revenues up 15% to $4.35 billion in the quarter on retail rate increases and favorable weather. Industrial sales were the standout driver, up 10% for the nine months on data center demand from Meta, Amazon Web Services, and Google customers, alongside large-load supply agreements structured to recover incremental costs from the customers themselves.
Key figures
- Eps
- Q3 2026 diluted EPS $1.98 (vs $1.53); nine months $3.86 (vs $3.40)
- Revenue
- Q3 2026 electric operating revenues $4,352,903 thousand; nine months $11,036,664 thousand
- Net Income
- Q3 2026 net income attributable to Entergy Corporation $940.3 million (vs $693.8 million); nine months $1,807.8 million (vs $1,522.5 million)
- Total Debt
- Debt to capital ratio 63.5%; net debt to net capital excluding securitization bonds 60.3%
- Revenue Yoy
- Q3 utility operating revenues up from $3,797 million to $4,353 million (+15%)
- Cash Position
- $4,205,040 thousand at September 30, 2026 (vs $1,928,916 thousand at year-end 2025)
- Shares Outstanding
- Entergy Corporation 477,827,121 shares at October 30, 2026
- Dividend
- $0.68 per share declared October 2026
- Equity plans
- ~$5.2 billion of equity expected 2027-2030, ~$2.2 billion contracted via forward sales
- Waterford6 financing
- Build-to-suit lease: investors purchased project for $167.5 million and will spend up to $1.875 billion
- Operating cash flow 9m
- $4,957 million (vs $3,932 million)
- Retail sales growth q3
- 7% (total retail GWh 39,864 vs 37,124)
- Planned capex 2027 2030
- $17,240M (2027), $16,370M (2028), $11,930M (2029), $9,275M (2030)
- Effective tax rate q3 2026
- 22.8%
- Industrial sales growth 9m
- 10% (50,114 GWh vs 45,707)
- Mississippi storm securitization
- ~$237.8 million Winter Storm Fern restoration costs
AI analysis
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