Analyst Consensus ?
ConsensusBuy30 ratings
Bullish1963.3%
Neutral1136.7%
Bearish00.0%
Entergy Corporation · ETR · FY2026 Q1 · Calendar Q2 2026
Entergy Q1 2026: Meta ESA Fuels $57B Capital Plan, EPS Beats on Strong Industrial Growth
Entergy's Q1 2026 results mark a pivotal quarter in which the company's data-center strategy crystallized. The Meta electric service agreement adds $2 billion in fair-share value and drives a $14 billion increase to the four-year capital plan, now $57 billion. Adjusted EPS of $0.86 beat the $0.84 consensus by 2.4%, while revenue of $3.19 billion exceeded estimates by 10.3%, propelled by 15% year-over-year industrial sales growth. Management maintained its 2026 guidance and reaffirmed its long-term EPS growth outlook of over 8% annually through 2029. The stock rose 1.3% on the report but drifted 4.4% lower over the subsequent period, even as analyst consensus targets sit at $124.27 versus a current price of $107.79.
Reported Before market openNYSEUtilities
$52.41B market cap
100quality score
Company context
Snapshot as of publicationEntergy Corporation, headquartered in New Orleans, Louisiana, is a prominent American energy company primarily involved in generating and distributing electricity across the United States. Its operations are divided into two main divisions: Utility and Entergy Wholesale Commodities. The Utility division manages the end-to-end process of generating, transmitting, distributing, and selling electricity. This service covers specific regions of Arkansas, Louisiana, Mississippi, and Texas, including the metropolitan area of New Orleans, providing electricity to 3 million utility customers in these states. Additionally, this segment handles natural gas distribution.…
Earnings scorecard
Reported versus consensus
Reported EPS
$0.86
Consensus $1
EPS surprise
+2.4%
Reported versus consensus
Reported revenue
$3.19B
Consensus $2.89B
Revenue surprise
+10.3%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$107.79Current
$93Low
$115.74Average
$140High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 30, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BMO Capital | Outperform | Outperform | Maintain | Jul 22, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 16, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jun 10, 2026 |
| Evercore ISI Group | Outperform | In Line | Upgrade | Jun 10, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 3, 2026 |
| Truist Securities | Buy | Buy | Maintain | May 29, 2026 |
| Citigroup | Neutral | Neutral | Maintain | May 5, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Apr 30, 2026 |
| UBS | Buy | Buy | Maintain | Apr 30, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Apr 30, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Apr 21, 2026 |
| Seaport Global | Neutral | Buy | Downgrade | Apr 20, 2026 |
| Jefferies | Buy | Buy | Maintain | Apr 20, 2026 |
| Argus Research | Buy | Buy | Maintain | Apr 6, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Oct 22, 2025 |
| B of A Securities | Neutral | Neutral | Maintain | Oct 16, 2025 |
| Guggenheim | Buy | Buy | Maintain | Nov 1, 2024 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 14, 2024 |
| Ladenburg Thalmann | Neutral | Buy | Downgrade | Jun 12, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Nov 4, 2022 |
| Vertical Research | Hold | Buy | Downgrade | Jan 10, 2022 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Nov 16, 2020 |
| Bank of America | Buy | Buy | Maintain | Dec 3, 2019 |
| Macquarie | Outperform | Neutral | Upgrade | Mar 11, 2019 |
| Scotia Howard Weil | Perform | Sector Perform | Maintain | Jul 24, 2018 |
| Goldman Sachs | Buy | Neutral | Upgrade | Jul 20, 2018 |
| Deutsche Bank | Hold | Hold | Maintain | Aug 3, 2016 |
| ISI Group | Neutral | Buy | Downgrade | Nov 11, 2013 |
| Tudor Pickering | Hold | Hold | Maintain | Aug 14, 2013 |
| BGC Financial | Hold | Hold | Maintain | Jun 17, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $107.79. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $109 | $114.6 | +1.1% | Jul 22, 2026 |
| BMO Capital | Analyst unavailable | $123 | $111.46 | +14.1% | Jun 10, 2026 |
| Evercore ISI | Analyst unavailable | $123 | $110.59 | +14.1% | Jun 10, 2026 |
| Mizuho Securities | Anthony Crowdell | $122 | $109.66 | +13.2% | Jun 10, 2026 |
| Evercore ISI | Analyst unavailable | $121 | $109.66 | +12.3% | Jun 10, 2026 |
| BTIG | Alex Kania | $126 | $109.66 | +16.9% | Jun 10, 2026 |
| Truist Financial | Analyst unavailable | $127 | $109.36 | +17.8% | May 29, 2026 |
| Morgan Stanley | Analyst unavailable | $94 | $112.12 | -12.8% | May 21, 2026 |
| Evercore ISI | Analyst unavailable | $115 | $117 | +6.7% | May 4, 2026 |
| Scotiabank | Analyst unavailable | $129 | $115.57 | +19.7% | Apr 30, 2026 |
| UBS | Analyst unavailable | $135 | $114.67 | +25.2% | Apr 30, 2026 |
| Wells Fargo | Analyst unavailable | $123 | $113.66 | +14.1% | Apr 21, 2026 |
| Truist Financial | Analyst unavailable | $130 | $113.66 | +20.6% | Apr 20, 2026 |
| Jefferies | Paul Zimbardo | $131 | $115.06 | +21.5% | Apr 20, 2026 |
| Barclays | Nicholas Campanella | $119 | $115.52 | +10.4% | Apr 20, 2026 |
| Morgan Stanley | David Arcaro | $98 | $103.69 | -9.1% | Feb 20, 2026 |
| Mizuho Securities | Analyst unavailable | $112 | $101.96 | +3.9% | Feb 13, 2026 |
| BMO Capital | Analyst unavailable | $112 | $101.96 | +3.9% | Feb 13, 2026 |
| RBC Capital | Stephen D'Ambrisi | $112 | $92.53 | +3.9% | Jan 23, 2026 |
| Barclays | Analyst unavailable | $96 | $95.17 | -10.9% | Jan 15, 2026 |
| Argus Research | Analyst unavailable | $100 | $93.2 | -7.2% | Jan 6, 2026 |
| UBS | Analyst unavailable | $105 | $92.81 | -2.6% | Dec 17, 2025 |
| KeyBanc | Analyst unavailable | $102 | $93.3 | -5.4% | Dec 12, 2025 |
| Morgan Stanley | Analyst unavailable | $91 | $93.96 | -15.6% | Nov 20, 2025 |
| RBC Capital | Stephen D'Ambrisi | $115 | $97.36 | +6.7% | Oct 27, 2025 |
| Wells Fargo | Analyst unavailable | $105 | $97.36 | -2.6% | Oct 27, 2025 |
| Mizuho Securities | Anthony Crowdell | $104 | $96.42 | -3.5% | Oct 27, 2025 |
| Morgan Stanley | Analyst unavailable | $93 | $96.12 | -13.7% | Oct 22, 2025 |
| BTIG | Analyst unavailable | $111 | $95.66 | +3.0% | Oct 21, 2025 |
| KeyBanc | Sophie Karp | $106 | $96.66 | -1.7% | Oct 15, 2025 |
| BMO Capital | Analyst unavailable | $104 | $95.72 | -3.5% | Oct 14, 2025 |
| Evercore ISI | Nicholas Amicucci | $98 | $97.48 | -9.1% | Oct 6, 2025 |
| Barclays | Analyst unavailable | $98 | $97.48 | -9.1% | Oct 6, 2025 |
| Barclays | Analyst unavailable | $100 | $95.39 | -7.2% | Oct 6, 2025 |
| Scotiabank | Andrew Weisel | $105 | $93.57 | -2.6% | Oct 3, 2025 |
| Morgan Stanley | David Arcaro | $86 | $89.22 | -20.2% | Aug 21, 2025 |
| Mizuho Securities | Analyst unavailable | $97 | $89.29 | -10.0% | Jul 31, 2025 |
| KeyBanc | Analyst unavailable | $96 | $89.29 | -10.9% | Jul 31, 2025 |
| BMO Capital | James Thalacker | $93 | $83.17 | -13.7% | Apr 30, 2025 |
| KeyBanc | Sophie Karp | $143 | $133.97 | +32.7% | Oct 22, 2024 |
| BMO Capital | James Thalacker | $140 | $131.9 | +29.9% | Oct 15, 2024 |
| RBC Capital | Shelby Tucker | $140 | $130.64 | +29.9% | Oct 14, 2024 |
| KeyBanc | Sophie Karp | $140 | $131.13 | +29.9% | Sep 30, 2024 |
| Barclays | Nicholas Campanella | $138 | $128.14 | +28.0% | Sep 17, 2024 |
| BMO Capital | James Thalacker | $131 | $120.8 | +21.5% | Aug 5, 2024 |
| Barclays | Nicholas Campanella | $115 | $110.48 | +6.7% | Jul 22, 2024 |
| BMO Capital | James Thalacker | $117 | $104.93 | +8.5% | Jul 8, 2024 |
| BMO Capital | James Thalacker | $120 | $110.88 | +11.3% | Jun 6, 2024 |
| Wells Fargo | Neil Kalton | $125 | $111.59 | +16.0% | Jun 5, 2024 |
| Mizuho Securities | Paul Fremont | $114 | $107.78 | +5.8% | May 31, 2024 |
| KeyBanc | Sophie Karp | $123 | $112.67 | +14.1% | May 20, 2024 |
| BMO Capital | James Thalacker | $118 | $106.7 | +9.5% | Apr 25, 2024 |
| Wells Fargo | Neil Kalton | $122 | $106.46 | +13.2% | Apr 25, 2024 |
| KeyBanc | Sophie Karp | $112 | $103.75 | +3.9% | Apr 19, 2024 |
| Morgan Stanley | Analyst unavailable | $103 | $109.68 | -4.4% | Nov 11, 2022 |
| Morgan Stanley | Analyst unavailable | $106 | $107.64 | -1.7% | Jul 21, 2022 |
| Mizuho Securities | Analyst unavailable | $123 | $112.1 | +14.1% | Jun 29, 2022 |
| Morgan Stanley | Analyst unavailable | $111 | $117.44 | +3.0% | May 23, 2022 |
| Credit Suisse | Analyst unavailable | $136 | $122.24 | +26.2% | Apr 26, 2022 |
| Morgan Stanley | Analyst unavailable | $115 | $126.1 | +6.7% | Apr 20, 2022 |
| Citigroup | Ryan Levine | $110 | $103.55 | +2.1% | Aug 5, 2021 |
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Stock move
+1.3%
Event window
SPY move
-0.0%
Same window
Abnormal move
+1.3%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
-4.4%
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What changed
Adjusted EPS of $0.86 beat the $0.84 consensus by 2.4%; revenue of $3.19 billion exceeded the $2.89 billion estimate by 10.3%. The capital plan was raised from $43 billion to $57 billion, driven by the Meta ESA and new generation projects including combined-cycle units, battery storage, and 2.5 GW of renewables. The Meta ESA adds $2 billion in fair-share value, including $140 million for energy-efficiency programs and $60 million in Power to Care funding. The Fair Share Plus pledge was launched, projecting $7 billion in customer benefits. The stock rose 1.3% on the report but subsequently drifted 4.4% lower; volume was 1.48x baseline.
Guidance delta
Management maintained 2026 guidance and reaffirmed its long-term EPS growth outlook of over 8% annually through 2029. Guidance sentiment is unchanged from the prior quarter.
Key takeaways
- Adjusted EPS of $0.86 beat the $0.84 consensus by 2.4%, while revenue of $3.19 billion exceeded the $2.89 billion estimate by 10.3%.
- Meta ESA adds $2 billion in fair-share value and drives a $14 billion increase to the four-year capital plan, now $57 billion.
- Retail sales expected to grow 8.5% CAGR through 2029; industrial sales grew 15% year-over-year.
- Credit metrics remain strong with equity coverage of 10-15% and 30% of four-year financing already secured.
- Fair Share Plus pledge projects $7 billion in customer benefits, including $140 million for energy-efficiency programs and $60 million for Power to Care.
- Investor Day in June will detail the data-center pipeline, equipment procurement, and large-scale nuclear opportunities.
Management priorities
- Execute the $57 billion four-year capital plan focused on new combined-cycle units, battery storage, and 2.5 GW of renewables
- Advance the Meta ESA and broader 7-12 GW data-center pipeline through regulatory approvals
- Leverage the Louisiana Lightning Initiative to fast-track regulatory review for economic-development projects
- Pursue over 4,500 MW of renewable RFPs and explore CCS, nuclear upgrades, and new nuclear builds
- File and seek approval for over $15 billion of capital projects in Louisiana
- Maintain community programs including Power to Care and LIHEAP support
Related earnings events
UtilitiesSources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-29T22:08:48.759054+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-29T22:08:48.756257+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.