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 decreased from $2,356.5 million in 2023 to $1,055.6 million in 2024. This decrease is attributed to several factors, including a settlement charge and regulatory charges.
Operating revenues decreased from $12,147.4 million in 2023 to $11,879.7 million in 2024, indicating a slowdown in business activity. The decrease is primarily in the Utility segment.
Interest expense increased from $1,046.2 million in 2023 to $1,203.6 million in 2024, driven by new debt issuances. This negatively impacts profitability.