Sector: Utilities|Industry: Utilities - Regulated Electric|Market Cap: $31.39B|Employees: N/A
Entergy Corporation is a holding company that primarily operates through its Utility segment, which generates, transmits, distributes, and sells electricity in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans. The company also operates a small natural gas distribution business in portions of Louisiana. Entergy's market position is supported by its integrated operations in key markets and its ability to leverage its diverse geographic presence.
Net income attributable to Entergy Corporation increased to $2,356.5 million in 2023, compared to $1,103.2 million in 2022. This was primarily due to the resolution of the 2016-2018 IRS audit and higher retail electric prices.
Operating revenues decreased to $12,147.4 million in 2023 from $13,764.2 million in 2022. This was primarily due to lower fuel, rider, and other revenues that do not significantly affect net income.
Other operation and maintenance expenses decreased to $2,838 million in 2023 from $2,900 million in 2022. This was primarily due to lower compensation and benefits costs and lower transmission costs allocated by MISO.