Entergy Corp.

Earnings & guidance (forecast/expectations): Entergy reported adjusted EPS of $1.03 for the quarter, slightly below last year, mainly because weather was close to normal vs warmer weather in 2025. Management said they remain firmly on track to meet 2026 adjusted EPS guidance and affirmed their outlook through 2030 (per Investor Day). CFO noted FFO-to-debt at or above ~15% across the outlook period (Moody’s metric), supporting financial resilience.

Demand growth / growth pipeline (opportunity): Excluding weather, retail sales growth was positive, driven by ~10% industrial sales growth as new/expanding projects ramp. On the growth strategy side, management reiterated a long-term hyperscale “pipeline” of ~7 to 12 GW potential plus ~3 to 5 GW interest from traditional industrial segments, and stated interest since Investor Day has increased (still described mostly as indications of interest rather than fully mature proposals).

“Fair Share Plus Pledge” & data-center customer benefits (good + important policy risk mitigation): Entergy emphasized its contract philosophy that hyperscale/data center customers will pay the full cost to serve + fair share of fixed costs. For signed agreements, management expects ~$7B in customer bill benefits. It cited Louisiana Governor Jeff Landry’s late-June executive order that aligns with Fair Share Plus Pledge and adds requirements tied to state sales tax exemptions (also highlighted Meta’s Richland Parish as a positive example). This is framed as a key mechanism to reduce regulatory/bill impacts risk and improve stakeholder buy-in.