ENTERGY CORP /DE/ (ETR) · Material Event (8-K) SEC Filing

EX-99.1 2 earningsrelease2q26_ex991.htm EX-99.1 DocumentNEWS RELEASEFOR IMMEDIATE RELEASEJuly 29, 2026Entergy reports second quarter 2026 financial resultsCompany affirms guidance and outlooksNEW ORLEANS Entergy Corporation (NYSE ETR) reported second quarter 2026 earnings per share of $1.03 on an as-reported and an adjusted (non-GAAP) basis. At our investor day in June, we provided a comprehensive update on our differentiated growth story that starts with our customers, said Drew Marsh, Entergy Chair and Chief Executive Officer. In the second quarter, we made steady progress across key customer, operational, regulatory, and financial areas. We remain solidly on track to achieve our objectives for 2026 and beyond. Business highlights included the following The APSC approved Entergy Arkansas s Generating Arkansas Jobs Act rider rate update. The PUCT approved Entergy Texas s DCRF rate update. Entergy New Orleans and Entergy Louisiana each filed their annual formula rate plans. Entergy Arkansas filed its 2025 historical year formula rate plan netting adjustment. Entergy Louisiana and Entergy New Orleans each filed for an extension of their formula rate plans. Entergy Corporation completed a $2.175 billion common stock offering with a forward component. Entergy Texas was awarded an approximately $200 million Texas Energy Fund grant for electric reliability, which will strengthen the grid at no cost to customers. River Bend Station nuclear plant celebrated 40 years of producing clean, reliable electricity. Entergy s nuclear team received four Top Innovative Practice awards from the Nuclear Energy Institute. Entergy was named to The Civic 50, a Points of Light initiative honoring the 50 most community-minded companies in the U.S. Table of contents Page News release Table of appendices and financial statements A Consolidated results and adjustments B Earnings variance analysis C Utility operating and financial measures D Consolidated financial measures E Definitions and abbreviations and acronyms F Other GAAP to non-GAAP reconciliations Financial statements 167101314151719 Page 1Entergy reports second quarter 2026 financial results July 29, 2026Page 2 Consolidated earnings (GAAP and non-GAAP measures) Second quarter and year-to-date 2026 vs. 2025 (See Appendix A for reconciliation of GAAP to non-GAAP measures and details on adjustments) Second quarter Year-to-date 2026 2025 Change 2026 2025 Change (After-tax, $ in millions) As-reported earnings 483 468 15 868 829 39 Less adjustments - - - (14) - (14) Adjusted earnings (non-GAAP) 483 468 15 881 829 52 Estimated weather impact 3 38 (35) (7) 60 (67) (After-tax, per share in $) As-reported earnings 1.03 1.05 (0.01) 1.87 1.87 - Less adjustments - - - (0.03) - (0.03) Adjusted earnings (non-GAAP) 1.03 1.05 (0.01) 1.90 1.87 0.03 Estimated weather impact 0.01 0.08 (0.08) (0.02) 0.14 (0.15) Calculations may differ due to roundingConsolidated resultsFor second quarter 2026, the company reported earnings of $483 million, or $1.03 per share, on an as-reported and an adjusted basis. This compared to second quarter 2025 earnings of $468 million, or $1.05 per share, on an as-reported and an adjusted basis. Summary discussions of results by business follow. Additional details, including information on operating cash flow by business, are provided in Appendix A. Appendix B provides a more detailed analysis of earnings per share variances by business.Business resultsUtility For second quarter 2026, the Utility business reported earnings attributable to Entergy Corporation of $626 million, or $1.34 per share, on an as-reported and an adjusted basis. This compared to second quarter 2025 earnings of $599 million, or $1.34 per share, on an as-reported and an adjusted basis. The primary drivers for the quarter s earnings increase included the net effect of regulatory actions across several operating companies return on construction work in progress for certain utility plant investments higher retail sales volume and higher other income (deductions).These drivers were partially offset by higher interest expense, higher O M, and higher depreciation and amortization.On a per share basis, second quarter 2026 results reflected higher diluted average number of common shares outstanding primarily due to the settlement of equity forwards in 2025 and 2026 as well as the dilutive effect of an increase in the stock price on unsettled equity forwards.Appendix C contains additional details on Utility operating and financial measures.Parent OtherFor second quarter 2026, Parent Other reported a loss attributable to Entergy Corporation of $(143 million), or (31) cents per share, on an as-reported and an adjusted basis. This compared to a second (more)Entergy reports second quarter 2026 financial results July 29, 2026Page 3 quarter 2025 loss of $(131 million), or (29) cents per share, on an as-reported and an adjusted basis. The primary driver for the quarter-over-quarter change was higher interest expense. On a per share basis, second quarter 2026 results reflected higher diluted average number of common shares outstanding (see details in Utility section).Earnings per share guidanceEntergy affirmed its 2026 adjusted earnings per share guidance range of $4.25 to $4.45. See the earnings call presentation for additional details.The company has provided 2026 earnings guidance with regard to the non-GAAP measure of adjusted earnings per share. This measure excludes from the corresponding GAAP financial measure the effect of adjustments as described in the Non-GAAP financial measures section. The company has not provided a reconciliation of such non-GAAP guidance to guidance presented on a GAAP basis because it cannot predict and quantify with a reasonable degree of confidence all of the adjustments that may occur during the period. Potential adjustments include, among other things, certain significant income tax items, certain items recorded as a result of regulatory settlements or decisions, and certain unusual costs or expenses.Earnings teleconference A teleconference will be held at 10 00 a.m. Central Time on Wednesday, July 29, 2026, to discuss Entergy s quarterly earnings announcement and the company s financial performance. The teleconference may be accessed by visiting Entergy s website at investors.entergy.com investors events-and-presentations or by dialing 888-440-4149, conference ID 9024832, no more than 15 minutes prior to the start of the call. The earnings call presentation is also being posted to Entergy s website concurrent with this news release. A replay of the teleconference will be available on Entergy s website at investors.entergy.com investors events-and-presentations and by telephone. The telephone replay will be available through Aug. 5, 2026, by dialing 800-770-2030, conference ID 9024832.Entergy (NYSE ETR) generates, transmits and distributes electricity to power life for more than 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We re focused on keeping costs for our customers as low as possible while providing reliable energy that our communities count on. We re also investing in growth for the future with a more resilient, cleaner energy system that includes modern natural gas, nuclear and renewable energy generation. As a nationally recognized leader in sustainability and corporate citizenship, we deliver more than $100 million in economic benefits each year to the communities we serve through philanthropy, volunteerism and advocacy. Entergy is a Fortune 500 company headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at Entergy.com and connect with Entergy on social media.Entergy Corporation s common stock is listed on the New York Stock Exchange and NYSE Texas under the symbol ETR .Details regarding Entergy s results of operations, regulatory proceedings, and other matters are available in this earnings release, a copy of which will be filed with the SEC, and the earnings call presentation. Both documents are available on Entergy s Investor Relations website at investors.entergy.com investors events-and-presentations. (more)Entergy reports second quarter 2026 financial results July 29, 2026Page 4 Entergy maintains a web page as part of its Investor Relations website entitled Regulatory and other information, which provides investors with key updates on certain regulatory proceedings and important milestones on the execution of its strategy. While some of this information may be considered material information, investors should not rely exclusively on this page for all relevant company information.For definitions of certain operating measures, as well as GAAP and non-GAAP financial measures and abbreviations and acronyms used in the earnings release materials, see Appendix E. Non-GAAP financial measures This news release contains non-GAAP financial measures, which are generally numerical measures of a company s performance, financial position, or cash flows that either exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. Entergy has provided quantitative reconciliations within this news release of the non-GAAP financial measures to the most directly comparable GAAP financial measures. Entergy reports earnings using the non-GAAP measure of adjusted earnings, which excludes the effect of certain adjustments . Adjustments are unusual or non-recurring items or events or other items or events that management believes do not reflect the ongoing business of Entergy, such as significant income tax items, certain items recorded as a result of regulatory settlements or decisions, and certain unusual costs or expenses. In addition to reporting GAAP earnings on a per share basis, Entergy reports its adjusted earnings on a per share basis. These per share measures represent the applicable earnings amount divided by the diluted average number of common shares outstanding for the period.Management uses the non-GAAP financial measures of adjusted earnings and adjusted earnings per share for, among other things, financial planning and analysis reporting financial results to the board of directors, employees, owners, and analysts and internal evaluation of financial performance. Entergy believes that these non-GAAP financial measures provide useful information to investors in evaluating the ongoing results of Entergy s business, comparing period to period results, and comparing Entergy s financial performance to the financial performance of other companies in the utility sector.Other non-GAAP measures, including adjusted ROE, adjusted ROE excluding affiliate preferred, FFO to adjusted debt, gross liquidity, net liquidity, adjusted Parent debt to total adjusted debt, adjusted debt to adjusted capitalization, and adjusted net debt to adjusted net capitalization are measures Entergy uses internally for management and board of directors discussions and to gauge the overall strength of its business. Entergy believes the above data provides useful information to investors in evaluating Entergy s ongoing financial results and flexibility and assists investors in comparing Entergy s credit and liquidity to the credit and liquidity of others in the utility sector. These metrics are defined in Appendix E.These non-GAAP financial measures reflect an additional way of viewing aspects of Entergy s operations that, when viewed with Entergy s GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting Entergy s business. These non-GAAP financial measures should not be used to the exclusion of GAAP financial measures. Investors are strongly encouraged to review Entergy s consolidated financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. Although certain of these measures are intended to assist investors in comparing Entergy s performance to other companies in the utility sector, non-GAAP financial measures are not standardized therefore, it might not be possible to compare these financial measures with other companies non-GAAP financial measures having the same or similar names.(more)Entergy reports second quarter 2026 financial results July 29, 2026Page 5 Cautionary note regarding forward-looking statementsThis news release contains certain forward-looking statements within the meaning of federal securities laws that are subject to risks and uncertainties. Such statements include, among other things, statements regarding Entergy s 2026 adjusted earnings per share guidance and capital plan financial and operational outlooks and expected industrial sales industrial load growth outlooks statements regarding its resilience plans, goals, beliefs, or expectations and other statements of Entergy s plans, beliefs, or expectations within this news release. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this news release and in Entergy s most recent Annual Report on Form 10-K and any subsequent public filings with the Securities and Exchange Commission (b) uncertainties associated with (1) rate proceedings, formula rate plans, and other cost recovery mechanisms, including the risk that costs may not be recoverable to the extent or on the timeline anticipated and (2) implementation of the ratemaking effects of changes in law (c) uncertainties associated with (1) realizing the benefits of its resilience plan, including impacts of the frequency and intensity of future storms and storm paths, as well as the pace of project completion and (2) efforts to remediate the effects of major storms and recover related restoration costs (d) risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks (e) changes in decommissioning trust values or earnings or in the timing or cost of decommissioning Entergy s nuclear plant sites (f) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries (g) risks and uncertainties associated with executing on business strategies, including (1) strategic transactions that Entergy or its subsidiaries may undertake and the risks that any such transaction may not be completed as and when expected or the anticipated benefits may not be realized, and (2) Entergy s ability to meet the rapidly growing demand for electricity, including from large-scale data centers and other large customers, and to manage the impacts of such growth on customers and its business, or the risk that contracted or expected load growth does not materialize or is not sustained (h) risks and uncertainties associated with the resolution of pending or future applications, regulatory proceedings, litigation or governmental official actions relating to generation, transmission, or other facilities and the effect of related public and political opposition, including, in each case, those relating to any facilities designed to serve large-scale data centers (i) direct and indirect impacts to Entergy or its customers from pandemics, terrorist attacks, geopolitical conflicts, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy s business or operations, and or other catastrophic events and (j) effects on Entergy or its customers of (1) changes in federal, state, or local laws and regulations and other governmental actions or policies, such as changes in monetary, fiscal, trade, tax, environmental, or energy (including, among other things, data center energy use, efficiency standards, and sources of power) policies, as well as changes in utility regulations, including those relating to new projects designed to serve the increased load growth of large-scale data centers and other large customers (2) changes in commodity markets, capital markets, or economic conditions and (3) technological change, including the costs, pace of development, and commercialization of new and emerging technologies.-30- Investor inquiries Liz Hunter 504-576-3294 ehunte1 entergy.com Media inquiries Cristina del Canto 504-576-4238 mdelcan entergy.com (more) Second quarter 2026 earnings release appendices and financial statementsAppendicesA Consolidated results and adjustmentsB Earnings variance analysisC Utility operating and financial measuresD Consolidated financial measuresE Definitions and abbreviations and acronymsF Other GAAP to non-GAAP reconciliationsFinancial statementsConsolidating balance sheetsConsolidating income statementsConsolidated cash flow statementsPage 6 A Consolidated results and adjustmentsAppendix A-1 provides a comparative summary of consolidated earnings, including a reconciliation of as-reported earnings (GAAP) to adjusted earnings (non-GAAP). Appendix A-1 Consolidated earnings - reconciliation of GAAP to non-GAAP measures Second quarter and year-to-date 2026 vs. 2025 (See Appendix A-2 and Appendix A-3 for details on adjustments) Second quarter Year-to-date 2026 2025 Change 2026 2025 Change (After-tax, $ in millions) As-reported earnings (loss) Utility 626 599 27 1,166 1,089 77 Parent Other (143) (131) (12) (298) (260) (38) Consolidated 483 468 15 868 829 39 Less adjustments Utility - - - - - - Parent Other - - - (14) - (14) Consolidated - - - (14) - (14) Adjusted earnings (loss) (non-GAAP) Utility 626 599 27 1,166 1,089 77 Parent Other (143) (131) (12) (284) (260) (25) Consolidated 483 468 15 881 829 52 Estimated weather impact 3 38 (35) (7) 60 (67) Diluted average number of common shares outstanding (in millions) 466 446 21 464 443 21 (After-tax, per share in $) (a) As-reported earnings (loss) Utility 1.34 1.34 - 2.51 2.45 0.06 Parent Other (0.31) (0.29) (0.01) (0.64) (0.59) (0.06) Consolidated 1.03 1.05 (0.01) 1.87 1.87 - Less adjustments Utility - - - - - - Parent Other - - - (0.03) - (0.03) Consolidated - - - (0.03) - (0.03) Adjusted earnings (loss) (non-GAAP) Utility 1.34 1.34 - 2.51 2.45 0.06 Parent Other (0.31) (0.29) (0.01) (0.61) (0.59) (0.03) Consolidated 1.03 1.05 (0.01) 1.90 1.87 0.03 Estimated weather impact 0.01 0.08 (0.08) (0.02) 0.14 (0.15) Calculations may differ due to rounding(a)Per share amounts are calculated by dividing the corresponding earnings (loss) by the diluted average number of common shares outstanding for the period. See Appendix B for detailed earnings variance analysis.Page 7 Appendix A-2 and Appendix A-3 detail adjustments by business. Adjustments are included in as-reported earnings consistent with GAAP but are excluded from adjusted earnings. As a result, adjusted earnings is considered a non-GAAP measure. Appendix A-2 Adjustments by driver (shown as positive (negative) impact on earnings or EPS) Second quarter and year-to-date 2026 vs. 2025 Second quarter Year-to-date 2026 2025 Change 2026 2025 Change (Pre-tax except for income tax effect and totals $ in millions) Parent Other 1Q26 impairment related to the expected sale of a non-utility business interest in Independence power plant - - - (18) - (18) Income tax effect on Parent Other adjustment above - - - 4 - 4 Total Parent and Other - - - (14) - (14) Total adjustments - - - (14) - (14) (After-tax, per share in $) (b) Parent Other 1Q26 impairment related to the expected sale of a non-utility business interest in Independence power plant - - - (0.03) - (0.03) Total Parent Other - - - (0.03) - (0.03) Total adjustments - - - (0.03) - (0.03) Calculations may differ due to rounding(b)Per share amounts are calculated by multiplying the corresponding earnings (loss) by the income tax rate that is expected to apply and dividing by the diluted average number of common shares outstanding for the period. Appendix A-3 Adjustments by income statement line item (shown as positive (negative) impact on earnings) Second quarter and year-to-date 2026 vs. 2025 (Pre-tax except for income taxes and totals $ in millions) Second quarter Year-to-date 2026 2025 Change 2026 2025 Change Parent Other Asset write-offs, impairments, and related charges - - - (18) - (18) Income taxes - - - 4 - 4 Total Parent Other - - - (14) - (14) Total adjustments - - - (14) - (14) Calculations may differ due to rounding Page 8 Appendix A-4 provides a comparative summary of OCF by business. Appendix A-4 Consolidated operating cash flow Second quarter and year-to-date 2026 vs. 2025 ($ in millions) Second quarter Year-to-date 2026 2025 Change 2026 2025 Change Utility 2,021 1,371 650 2,891 1,937 954 Parent Other (128) (110) (18) (169) (139) (30) Consolidated 1,893 1,262 631 2,722 1,798 924 Calculations may differ due to roundingSecond quarter 2026 OCF increased primarily due to higher receipts of advance payments related to customer agreements, higher collections from Utility customers, and lower fuel and purchased power payments. These increases were partially offset by the timing of payments to vendors and higher interest payments. Page 9 B Earnings variance analysis Appendix B-1 and Appendix B-2 provide details of current quarter and year-to-date 2026 versus 2025 as-reported and adjusted earnings per share variances. Appendix B-1 As-reported and adjusted earnings per share variance analysis (c), (d) Second quarter 2026 vs. 2025 (After-tax, per share in $) Utility Parent Other Consolidated As-reported Adjusted As-reported Adjusted As-reported Adjusted 2025 earnings (loss) 1.34 1.34 (0.29) (0.29) 1.05 1.05 Operating revenue less fuel, fuel-related exp. and gas purch. for resale purch. power and other reg. chgs. (credits) net 0.18 0.18 (e) - - 0.18 0.18 Nuclear refueling outage expenses - - - - - - Other O M (0.08) (0.08) (f) - - (0.08) (0.08) Asset write-offs, impairments, and related charges - - - - - - Decommissioning (0.01) (0.01) - - - - Taxes other than income taxes (0.02) (0.02) - - (0.02) (0.02) Depreciation and amortization (0.05) (0.05) (g) - - (0.04) (0.04) Other income (deductions) 0.13 0.13 (h) 0.01 0.01 0.15 0.15 Interest expense (0.11) (0.11) (i) (0.04) (0.04) (j) (0.15) (0.15) Income taxes other 0.01 0.01 - - - - Preferred dividend requirements and noncontrolling interests - - - - - - Share effect (0.06) (0.06) 0.01 0.01 (0.05) (0.05) (k) 2026 earnings (loss) 1.34 1.34 (0.31) (0.31) 1.03 1.03 hCalculations may differ due to rounding Appendix B-2 As-reported and adjusted earnings per share variance analysis (c), (d) Year-to-date 2026 vs. 2025 (After-tax, per share in $) Utility Parent Other Consolidated As-reported Adjusted As-reported Adjusted As-reported Adjusted 2025 earnings (loss) 2.45 2.45 (0.59) (0.59) 1.87 1.87 Operating revenue less fuel, fuel-related exp. and gas purch. for resale purch. power and other reg. chgs. (credits) net 0.07 0.07 (e) - - 0.07 0.07 Nuclear refueling outage expenses 0.02 0.02 - - 0.02 0.02 Other O M (0.08) (0.08) (f) - - (0.08) (0.08) Asset write-offs, impairments, and related charges - - (0.03) - (l) (0.03) - Decommissioning (0.01) (0.01) - - (0.01) (0.01) Taxes other than income taxes (0.04) (0.04) (m) - - (0.04) (0.04) Depreciation and amortization (0.09) (0.09) (g) - - (0.09) (0.09) Other income (deductions) 0.46 0.46 (h) 0.01 0.01 0.48 0.48 Interest expense (0.18) (0.18) (i) (0.06) (0.06) (j) (0.24) (0.24) Income taxes other 0.02 0.02 - - 0.02 0.02 Preferred dividend requirements and noncontrolling interests (0.01) (0.01) - - (0.01) (0.01) Share effect (0.12) (0.12) 0.03 0.03 (0.09) (0.09) (k) 2026 earnings (loss) 2.51 2.51 (0.64) (0.61) 1.87 1.90 hCalculations may differ due to roundingPage 10 (c)Utility operating revenue and Utility income taxes other variances exclude the following for the return collection of excess deficient unprotected ADIT (net effect was neutral to earnings) ($ in millions) 2Q26 2Q25 YTD26 YTD25 Utility operating revenue (13) (4) (28) (6) Utility income taxes other 13 4 28 6 (d)EPS effects of individual income statement line item variances are calculated by multiplying the pre-tax amount by the income tax rate that is expected to apply and dividing by diluted average number of common shares outstanding for the prior period. Income taxes other represents income tax differences other than the income tax effect of individual line-item variances. Share effect captures the per share impact from the change in diluted average number of common shares outstanding.(e)The second quarter and year-to-date earnings increases reflected the effect of rate actions including E-AR s FRP, E-AR s Generating Arkansas Jobs Act Rider, E-LA s FRP (including FRP riders), E-LA s RPCR, E-MS s FRP interim facilities rate adjustment, and E-TX s DCRF. 2026 results included higher revenue related to the amortization of certain customer advances designed to provide a return on CWIP for certain utility plant investments, which is recognized as the related costs are incurred. The increases also reflected higher electric volume, including the effects of weather, as well as second quarter 2025 MISO capacity costs at E-TX prior to the implementation of a new capacity cost rider, which was effective June 2026. The increases were partially offset by the absence of revenues and gas purchase for resale from the natural gas LDC businesses that were sold in July 2025. Changes in regulatory provisions for decommissioning items was also a driver (based on regulatory treatment, decommissioning-related variances are offset in other line items and are largely earnings neutral). The year-to-date increase also included the effects of E-MS s grid modernization rider. Utility as-reported operating revenue less fuel, fuel-related expenses and gas purchased for resale purchased power and other regulatory charges (credits) net variance analysis2026 vs. 2025 ($ EPS) 2Q YTD Electric volume weather 0.04 0.03 Retail electric price 0.15 0.32 Return on CWIP for certain utility plant investments 0.07 0.12 E-TX MISO capacity costs 0.03 0.03 Sale of natural gas LDCs (0.04) (0.11) Reg. provisions for decommissioning items (0.07) (0.36) Other 0.02 0.05 Total 0.18 0.07 (f)The second quarter earnings decrease from higher Utility other O M was primarily due to an increase in power delivery expenses driven by higher vegetation maintenance costs, as well as higher compensation and benefits costs resulting from higher healthcare claims activity and the timing of the recognition of prescription drug rebates. The second quarter decrease was partially offset by lower bad debt expense. The year-to-date earnings decrease from higher Utility other O M was primarily due to an increase in power delivery expenses driven by higher vegetation maintenance costs, a higher scope of work performed in 2026 as compared to 2025, and increased labor costs. The year-to-date decrease also reflected higher compensation and benefits, primarily due to a revision to estimated incentive-based compensation expense in 2025. The year-to-date decrease was partially offset by higher nuclear insurance refunds, lower gas operation expenses resulting from the sale of natural gas LDC businesses, and decreases in loss provisions and bad debt expense. (g)The second quarter and year-to-date earnings decreases from higher Utility depreciation and amortization were primarily due to higher plant in service. The decreases also reflected higher FERC jurisdictional depreciation rates at E-AR and E -LA effective Jan. 2026, and an increase in E-LA s nuclear depreciation rates effective Sept. 2025. (h)The second quarter and year-to-date earnings increases from higher Utility other income (deductions) included changes in nuclear decommissioning trust returns, including portfolio rebalancing in 2026 (based on regulatory treatment, decommissioning-related variances are offset in other line items and are largely earnings neutral). The increases also reflected higher amortization of tax gross ups on customer advances, including customer advances for construction as well as higher external interest income. The increases were partially offset by a true-up of E-LA s MISO cost recovery mechanism.(i)The second quarter and year-to-date earnings decreases from higher Utility interest expense were primarily due to higher debt balances, a higher average interest rate, and higher carrying costs on customer advances. The year-to-date decrease also reflected 2026 carrying costs on retained net proceeds from the monetization of nuclear production tax credits. Page 11 (j)The second quarter and year-to-date earnings decreases from higher Parent Other interest expense were primarily due to the issuance of $1.3 billion of junior subordinated debentures in Nov. 2025. (k)The second quarter and year-to-date earnings per share decreases from share effect were due to higher diluted average number of common shares outstanding. The increases in shares outstanding were primarily due to the settlement of equity forwards in Oct. 2025, Feb. 2026, and June 2026 and the dilutive effect of an increase in the stock price on unsettled equity forwards.(l)The year-to-date as-reported earnings decrease from higher Parent Other asset write-offs, impairments, and related charges was due to a first quarter 2026 $(18 million) ($(14 million) after tax) non-cash impairment related to the expected sale of a non-utility business interest in the Independence power plant (considered an adjustment and excluded from adjusted earnings).(m)The year-to-date earnings decrease from higher Utility taxes other than income taxes was primarily due to increases in ad valorem taxes resulting from higher assessments and millage rate increases.Page 12 C Utility operating and financial measures Appendix C provides a comparison of Utility operating and financial measures. Appendix C Utility operating and financial measures Second quarter and year-to-date 2026 vs. 2025 Second quarter Year-to-date 2026 2025 % change % weather adj. (n) 2026 2025 % change % weather adj. (n) GWh sold Residential 8,736 8,899 (1.8) 2.8 16,792 17,683 (5.0) (0.2) Commercial 7,208 7,265 (0.8) 0.3 13,437 13,507 (0.5) (0.1) Governmental 617 617 - 1.6 1,172 1,176 (0.3) 0.3 Industrial 17,164 15,620 9.9 9.9 33,060 29,452 12.3 12.3 Total retail 33,725 32,401 4.1 5.7 64,461 61,818 4.3 5.9 Wholesale 3,338 4,133 (19.2) 6,127 5,767 6.2 Total 37,063 36,534 1.4 70,588 67,585 4.4 Number of electric retail customers Residential 2,637,865 2,608,472 1.1 Commercial 374,149 371,699 0.7 Governmental 19,105 18,008 6.1 Industrial 39,892 41,227 (3.2) Total 3,071,011 3,039,406 1.0 Other O M and nuclear refueling outage exp. per MWh $21.24 $20.33 4.4 $20.88 $21.28 (1.9) Calculations may differ due to rounding(n)The effects of weather were estimated using hourly heating degree days and cooling degree days for the period from various locations and comparing to a normal temperature range for each jurisdiction based on 20-year historical data. The models used to estimate weather are updated periodically and are subject to change.For the quarter, weather-adjusted retail sales increased 5.7 percent. The increase was primarily due to a 9.9 percent increase in industrial volume driven by higher sales to data center, primary metals, and chlor-alkali customers. Residential sales were 2.8 percent higher.Page 13 D Consolidated financial measuresAppendix D provides comparative financial measures. Financial measures in this table include those calculated and presented in accordance with GAAP, as well as those that are considered non-GAAP financial measures. Appendix D GAAP and non-GAAP financial measures 2026 vs. 2025 (See Appendix F for reconciliation of GAAP to non-GAAP financial measures) For 12 months ending June 30 2026 2025 Change GAAP measure As-reported ROE 10.4% 11.4% (1)% Non-GAAP financial measure Adjusted ROE 10.5% 11.5% (1)% As of June 30 ($ in millions, except where noted) 2026 2025 Change GAAP measures Cash and cash equivalents 3,854 1,176 2,678 Available revolver capacity 4,346 4,345 1 Commercial paper 1,544 459 1,085 Total debt 34,749 30,522 4,227 Junior subordinated debentures 2,500 1,200 1,300 Securitization debt 213 230 (17) Total debt to total capital 65% 65% - Storm escrows 314 303 11 Non-GAAP financial measures ($ in millions, except where noted) FFO to adjusted debt 15.8% 15.1% 0.7% Adjusted debt to adjusted capitalization 63% 63% - Adjusted net debt to adjusted net capitalization 60% 62% (2)% Gross liquidity 8,200 5,521 2,679 Net liquidity 10,026 7,631 2,395 Adjusted Parent debt to total adjusted debt 18% 17% 1% Build-to-suit lease agreement (o) 1,450 - 1,450 Calculations may differ due to rounding(o)Maximum counterparty commitment see Form 10-K for the fiscal year ended Dec. 2025 for additional details.Page 14 E Definitions and abbreviations and acronymsAppendix E-1 provides definitions of certain operating measures, as well as GAAP and non-GAAP financial measures. Appendix E-1 Definitions Utility operating and financial measures Number of electric retail customers Average number of electric customers over the period Other O M and refueling outage expense per MWh Other operation and maintenance expense plus nuclear refueling outage expense per MWh of total sales Financial measures GAAP As-reported ROE Last twelve months net income attributable to Entergy Corp. divided by average common equity Available revolver capacity Amount of undrawn capacity remaining on corporate and subsidiary revolvers Securitization debt Debt on the balance sheet associated with securitization bonds that is secured by certain future customer collections Total capitalization Total debt plus subsidiaries preferred stock without sinking fund plus total equity Total debt Sum of short-term and long-term debt, notes payable, and commercial paper Total debt to total capitalization Total debt divided by total capitalization Financial measures non-GAAP Adjusted capitalization Total capitalization excluding securitization debt Adjusted debt Total debt excluding securitization debt and 50% of junior subordinated debentures Adjusted debt to adjusted capitalization Adjusted debt divided by adjusted capitalization Adjusted earnings (loss) As-reported earnings (loss) minus adjustments Adjusted EPS Adjusted earnings (loss) divided by the diluted average number of common shares outstanding Adjusted net capitalization Adjusted capitalization minus cash and cash equivalents Adjusted net debt Adjusted debt minus cash and cash equivalents Adjusted net debt to adjusted net capitalization Adjusted net debt divided by adjusted net capitalization Adjusted Parent debt Entergy Corp. debt, including amounts drawn on credit revolver and commercial paper facilities plus unamortized debt issuance costs and discounts minus 50% of junior subordinated debentures Adjusted Parent debt to total adjusted debt Adjusted Parent debt divided by consolidated adjusted debt Adjusted ROE Last twelve months adjusted earnings divided by average common equity Adjusted ROE excluding affiliate preferred Last twelve months adjusted earnings, excluding dividend income from affiliate preferred as well as the after-tax cost of debt financing for preferred investment, divided by average common equity adjusted to exclude the estimated equity associated with the affiliate preferred investment Adjustments Unusual or non-recurring items or events or other items or events that management believes do not reflect the ongoing business of Entergy, such as significant income tax items, certain items recorded as a result of regulatory settlements or decisions, and certain unusual costs or expenses FFO Last twelve months OCF minus preferred dividend requirements of subsidiaries, working capital items in OCF (receivables, fuel inventory, accounts payable, taxes accrued, interest accrued, deferred fuel costs, customer advances current, and other working capital accounts), 50% of interest on junior subordinated debentures, and securitization regulatory charges FFO to adjusted debt Last twelve months FFO divided by end of period adjusted debt Gross liquidity Sum of cash and cash equivalents plus available revolver capacity Net liquidity Sum of cash and cash equivalents, available revolver capacity, escrow accounts available for certain storm expenses, and equity sold forward but not yet settled minus commercial paper Page 15 Appendix E-2 explains abbreviations and acronyms used in the quarterly earnings materials. Appendix E-2 Abbreviations and acronyms A GACMADITAFUDC APSCBESSCAGRCCCTCCNOCFOCODCTCWIPDCRFDRME-ARE-LAE-MSE-NOE-TXEPSETRFFOFRPGAAPGCRRGGOGrand Gulf or GGNSIndependenceLDC Administrative and general expenses Additional Capacity Mechanism Accumulated deferred income taxesAllowance for funds used during constructionArkansas Public Service CommissionBattery and energy storage systemCompound annual growth rateCombined cycle combustion turbineCouncil of the City of New OrleansCash from operationsCommercial operation dateCombustion turbineConstruction work in progressDistribution Cost Recovery FactorDistribution Recovery Mechanism Entergy Arkansas, LLCEntergy Louisiana, LLCEntergy Mississippi, LLCEntergy New Orleans, LLCEntergy Texas, Inc. Earnings per shareEntergy CorporationFunds from operationsFormula rate planU.S. generally accepted accounting principlesGeneration Cost Recovery RiderGeaux Green OptionUnit 1 of Grand Gulf Nuclear Station (nuclear), 90% owned or leased by SERIIndependence Steam Electric StationLocal distribution company LPSCLTMMCRMMISOMoody sMPSCNDTNYSEO MOCAPSOCFOpCoOther O MP OPMRPPAPUCTRECsRSHCRROERPCRS PSECSERITAMTCRFTRMVMRWACC Louisiana Public Service CommissionLast twelve monthsMISO Cost Recovery MechanismMidcontinent Independent System Operator, Inc.Moody s RatingsMississippi Public Service CommissionNuclear decommissioning trustNew York Stock ExchangeOperation and maintenanceOrange County Advanced Power Station (CCCT)Net cash flow provided by operating activitiesUtility operating companyOther operation and maintenance expenseParent OtherPerformance Management RiderPower purchase agreement or purchased power agreementPublic Utility Commission of TexasRenewable energy certificatesResilience and Storm Hardening Cost Recovery Return on equityResilience Plan Cost Recovery RiderStandard Poor sU.S. Securities and Exchange CommissionSystem Energy Resources, Inc.Tax Adjustment MechanismTransmission Cost Recovery FactorTransmission Recovery Mechanism Vegetation management riderWeighted average cost of capital Page 16 F Other GAAP to non-GAAP reconciliationsAppendix F-1, Appendix F-2, and Appendix F-3 provide reconciliations of various non-GAAP financial measures disclosed in this news release to their most comparable GAAP measure. Appendix F-1 Reconciliation of GAAP to non-GAAP financial measures ROE (LTM $ in millions except where noted) Second quarter 2026 2025 As-reported net income attributable to Entergy Corporation (A) 1,797 1,760 Adjustments (B) (14) (5) Adjusted earnings (non-GAAP) (C) (A-B) 1,811 1,765 Average common equity (average of beginning and ending balances) (D) 17,221 15,390 As-reported ROE (A D) 10.4% 11.4% Adjusted ROE (non-GAAP) (C D) 10.5% 11.5% Calculations may differ due to rounding Appendix F-2 Reconciliation of GAAP to non-GAAP financial measures FFO to adjusted debt ($ in millions except where noted) Second quarter 2026 2025 Total debt (A) 34,749 30,522 Securitization debt (B) 213 230 50% junior subordinated debentures (C) 1,250 600 Adjusted debt (non-GAAP) (D) (A-B-C) 33,286 29,692 Net cash flow provided by operating activities, LTM (E) 6,075 4,740 Preferred dividend requirements of subsidiaries, LTM (F) (18) (18) 50% of the interest expense associated with junior subordinated debentures, LTM (G) (68) (43) Working capital items in net cash flow provided by operating activities, LTM Receivables (30) (84) Fuel inventory 38 (1) Accounts payable 226 208 Taxes accrued 69 18 Interest accrued 49 45 Deferred fuel costs (139) (216) Customer advances current 918 455 Other working capital accounts (244) (109) Securitization regulatory charges, LTM 18 17 Total (H) 904 332 FFO, LTM (non-GAAP) (I) (E-F-G-H) 5,257 4,469 FFO to adjusted debt (non-GAAP) (I D) 15.8% 15.1% Calculations may differ due to roundingPage 17 Appendix F-3 Reconciliation of GAAP to non-GAAP financial measures adjusted debt ratios gross liquidity and net liquidity ($ in millions except where noted) Second quarter 2026 2025 Total debt (A) 34,749 30,522 Securitization debt (B) 213 230 50% junior subordinated debentures (C) 1,250 600 Adjusted debt (non-GAAP) (D) (A-B-C) 33,286 29,692 Cash and cash equivalents (E) 3,854 1,176 Adjusted net debt (non-GAAP) (F) (D-E) 29,432 28,516 Commercial paper (G) 1,544 459 Total capitalization (H) 53,289 47,050 Securitization debt (B) 213 230 Adjusted capitalization (non-GAAP) (I) (H-B) 53,076 46,820 Cash and cash equivalents (E) 3,854 1,176 Adjusted net capitalization (non-GAAP) (J) (I-E) 49,222 45,644 Total debt to total capitalization (A H) 65% 65% Adjusted debt to adjusted capitalization (non-GAAP) (D I) 63% 63% Adjusted net debt to adjusted net capitalization (non-GAAP) (F J) 60% 62% Available revolver capacity (K) 4,346 4,345 Storm escrows (L) 314 303 Equity sold forward, not yet settled (p) (M) 3,056 2,266 Gross liquidity (non-GAAP) (N) (E+K) 8,200 5,521 Net liquidity (non-GAAP) (N-G+L+M) 10,026 7,631 Entergy Corporation notes Due September 2025 - 800 Due September 2026 750 750 Due June 2028 650 650 Due June 2030 600 600 Due June 2031 650 650 Due June 2050 600 600 Junior subordinated debentures due Dec. 2054 1200 1,200 Junior subordinated debentures due June 2056 700 - Junior subordinated debentures due June 2056 600 - Total Parent long-term debt (O) 5,750 5,250 Revolver drawn (P) - - Unamortized debt issuance costs and discounts (Q) (53) (42) Total Parent debt (R) (G+O+P+Q) 7,242 5,667 Adjusted Parent debt (non-GAAP) (S) (R-C) 5,992 5,067 Adjusted Parent debt to total adjusted debt (non-GAAP) (S D) 18% 17% Calculations may differ due to rounding(p)Reflects adjustments, including for common dividends between contracting and settlement.Page 18 Financial statements Entergy Corporation Consolidating Balance Sheet June 30, 2026 (Dollars in thousands) (Unaudited) Utility Parent Other Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents Cash $ 55,591 $ 62,598 $ 118,189 Temporary cash investments 3,507,668 228,188 3,735,856 Total cash and cash equivalents 3,563,259 290,786 3,854,045 Accounts receivable Customer 872,618 872,618 Allowance for doubtful accounts (29,436) (29,436) Associated companies 4,346 (4,346) Other 226,001 4,058 230,059 Accrued unbilled revenues 635,234 635,234 Total accounts receivable 1,708,763 (288) 1,708,475 Deferred fuel costs 192,004 192,004 Fuel inventory - at average cost 135,171 2,482 137,653 Materials and supplies 1,782,001 2,543 1,784,544 Deferred nuclear refueling outage costs 125,220 125,220 Prepayments and other 548,640 (146,380) 402,260 TOTAL 8,055,058 149,143 8,204,201 OTHER PROPERTY AND INVESTMENTS Investment in affiliates 3,889,949 (3,889,949) Decommissioning trust funds 6,722,325 6,722,325 Non-utility property - at cost (less accumulated depreciation) 473,479 6,440 479,919 Storm reserve escrow accounts 314,335 314,335 Other 62,001 66,793 128,794 TOTAL 11,462,089 (3,816,716) 7,645,373 PROPERTY, PLANT, AND EQUIPMENT Electric 76,445,043 100,828 76,545,871 Construction work in progress 9,018,714 139 9,018,853 Nuclear fuel 809,430 809,430 TOTAL PROPERTY, PLANT, AND EQUIPMENT 86,273,187 100,967 86,374,154 Less - accumulated depreciation and amortization 29,178,225 72,493 29,250,718 PROPERTY, PLANT, AND EQUIPMENT - NET 57,094,962 28,474 57,123,436 DEFERRED DEBITS AND OTHER ASSETS Regulatory assets Other regulatory assets 4,871,706 4,871,706 Deferred fuel costs 172,201 172,201 Goodwill 367,582 367,582 Accumulated deferred income taxes 25,986 3,733 29,719 Other 629,654 (41,254) 588,400 TOTAL 6,067,129 (37,521) 6,029,608 TOTAL ASSETS $ 82,679,238 $ (3,676,620) $ 79,002,618 *Totals may not foot due to rounding. Page 19 Entergy Corporation Consolidating Balance Sheet June 30, 2026 (Dollars in thousands) (Unaudited) Utility Parent Other Consolidated LIABILITIES AND EQUITY CURRENT LIABILITIES Currently maturing long-term debt $ 760,174 $ 750,000 $ 1,510,174 Notes payable and commercial paper Associated companies 45,564 (45,564) Other 25,313 1,544,183 1,569,496 Accounts payable Associated companies 37,596 (37,596) Other 2,713,471 2,751 2,716,222 Customer deposits 491,361 491,361 Taxes accrued 552,551 (15,161) 537,390 Interest accrued 310,212 20,953 331,165 Deferred fuel costs 20,861 20,861 Pension and other postretirement liabilities 50,253 11,112 61,365 Customer advances 1,470,056 1,470,056 Other 286,506 3,995 290,501 TOTAL 6,763,918 2,234,673 8,998,591 NON-CURRENT LIABILITIES Accumulated deferred income taxes and taxes accrued 7,842,544 (1,966,880) 5,875,664 Accumulated deferred investment tax credits 183,073 183,073 Regulatory liability for income taxes - net 1,034,742 1,034,742 Other regulatory liabilities 3,989,788 3,989,788 Customer advances 170,298 170,298 Decommissioning and asset retirement cost liabilities 5,062,850 694 5,063,544 Accumulated provisions 471,949 220 472,169 Pension and other postretirement liabilities 70,591 18,021 88,612 Long-term debt 26,600,155 4,947,497 31,547,652 Customer advances for construction 2,086,359 2,086,359 Other 1,356,994 (404,964) 952,030 TOTAL 48,869,343 2,594,588 51,463,931 Subsidiaries' preferred stock without sinking fund 195,161 24,249 219,410 EQUITY Preferred stock, no par value, authorized 1,000,000 shares issued shares in 2026 - none Common stock, $0.01 par value, authorized 998,000,000 shares issued 596,525,807 shares in 2026 2,280,842 (2,274,877) 5,965 Paid-in capital 5,785,308 4,181,182 9,966,490 Retained earnings 18,769,152 (5,789,092) 12,980,060 Accumulated other comprehensive income 40,198 (41,288) (1,090) Less - treasury stock, at cost (129,894,309 shares in 2026) 120,000 4,602,305 4,722,305 TOTAL SHAREHOLDERS' EQUITY 26,755,500 (8,526,380) 18,229,120 Subsidiaries' preferred stock without sinking fund and noncontrolling interests 95,316 (3,750) 91,566 TOTAL 26,850,816 (8,530,130) 18,320,686 TOTAL LIABILITIES AND EQUITY $ 82,679,238 $ (3,676,620) $ 79,002,618 *Totals may not foot due to rounding. Page 20 Entergy Corporation Consolidating Balance Sheet December 31, 2025 (Dollars in thousands) (Unaudited) Utility Parent Other Consolidated ASSETS CURRENT ASSETS Cash and cash equivalents Cash $ 39,221 $ 6,674 $ 45,895 Temporary cash investments 1,817,764 65,257 1,883,021 Total cash and cash equivalents 1,856,985 71,931 1,928,916 Accounts receivable Customer 735,734 735,734 Allowance for doubtful accounts (32,324) (32,324) Associated companies 4,643 (4,643) Other 239,157 3,245 242,402 Accrued unbilled revenues 524,420 524,420 Total accounts receivable 1,471,630 (1,398) 1,470,232 Deferred fuel costs 54,133 54,133 Fuel inventory - at average cost 125,480 6,494 131,974 Materials and supplies 1,705,669 4,726 1,710,395 Deferred nuclear refueling outage costs 86,497 86,497 Prepayments and other 431,881 (7,177) 424,704 TOTAL 5,732,275 74,576 5,806,851 OTHER PROPERTY AND INVESTMENTS Investment in affiliates 4,014,624 (4,014,624) Decommissioning trust funds 6,300,880 6,300,880 Non-utility property - at cost (less accumulated depreciation) 475,121 6,469 481,590 Storm reserve escrow accounts 308,784 308,784 Other 57,013 67,401 124,414 TOTAL 11,156,422 (3,940,754) 7,215,668 PROPERTY, PLANT, AND EQUIPMENT Electric 74,546,777 204,140 74,750,917 Construction work in progress 6,018,996 1,012 6,020,008 Nuclear fuel 834,690 834,690 TOTAL PROPERTY, PLANT, AND EQUIPMENT 81,400,463 205,152 81,605,615 Less - accumulated depreciation and amortization 28,598,552 152,449 28,751,001 PROPERTY, PLANT, AND EQUIPMENT - NET 52,801,911 52,703 52,854,614 DEFERRED DEBITS AND OTHER ASSETS Regulatory assets Other regulatory assets 5,005,976 5,005,976 Deferred fuel costs 172,201 172,201 Goodwill 367,582 367,582 Accumulated deferred income taxes 12,311 3,229 15,540 Other 477,426 (25,128) 452,298 TOTAL 6,035,496 (21,899) 6,013,597 TOTAL ASSETS $ 75,726,104 $ (3,835,374) $ 71,890,730 *Totals may not foot due to rounding. Page 21 Entergy Corporation Consolidating Balance Sheet December 31, 2025 (Dollars in thousands) (Unaudited) Utility Parent Other Consolidated LIABILITIES AND EQUITY CURRENT LIABILITIES Currently maturing long-term debt $ 1,625,140 $ 750,000 $ 2,375,140 Notes payable and commercial paper Other 20,012 637,762 657,774 Accounts payable Associated companies 43,470 (43,470) Other 2,560,083 5,463 2,565,546 Customer deposits 479,796 479,796 Taxes accrued 526,984 (1,795) 525,189 Interest accrued 256,476 29,181 285,657 Deferred fuel costs 14,562 14,562 Pension and other postretirement liabilities 51,906 11,308 63,214 Customer advances 632,850 632,850 Other 218,775 4,465 223,240 TOTAL 6,430,054 1,392,914 7,822,968 NON-CURRENT LIABILITIES Accumulated deferred income taxes and taxes accrued 7,503,093 (1,910,412) 5,592,681 Accumulated deferred investment tax credits 187,173 187,173 Regulatory liability for income taxes - net 1,079,699 1,079,699 Other regulatory liabilities 3,911,839 3,911,839 Customer advances 35,000 35,000 Decommissioning and asset retirement cost liabilities 4,943,671 3,859 4,947,530 Accumulated provisions 495,549 230 495,779 Pension and other postretirement liabilities 70,484 43,446 113,930 Long-term debt 22,956,499 4,945,522 27,902,021 Customer advances for construction 1,615,455 1,615,455 Other 1,359,531 (406,453) 953,078 TOTAL 44,157,993 2,676,192 46,834,185 Subsidiaries' preferred stock without sinking fund 195,161 24,249 219,410 EQUITY Preferred stock, no par value, authorized 1,000,000 shares issued shares in 2025 - none Common stock, $0.01 par value, authorized 998,000,000 shares issued 583,203,774 shares in 2025 2,280,842 (2,275,010) 5,832 Paid-in capital 5,420,248 3,559,139 8,979,387 Retained earnings 17,223,994 (4,525,558) 12,698,436 Accumulated other comprehensive income (loss) 42,971 (45,977) (3,006) Less - treasury stock, at cost (130,864,409 shares in 2025) 120,000 4,637,573 4,757,573 TOTAL SHAREHOLDERS' EQUITY 24,848,055 (7,924,979) 16,923,076 Subsidiaries' preferred stock without sinking fund and noncontrolling interests 94,841 (3,750) 91,091 TOTAL 24,942,896 (7,928,729) 17,014,167 TOTAL LIABILITIES AND EQUITY $ 75,726,104 $ (3,835,374) $ 71,890,730 *Totals may not foot due to rounding. Page 22 Entergy Corporation Consolidating Income Statement Three Months Ended June 30, 2026 (Dollars in thousands) (Unaudited) Utility Parent Other Consolidated OPERATING REVENUES Electric $ 3,513,488 $ $ 3,513,488 Other 10,150 10,150 Total 3,513,488 10,150 3,523,638 OPERATING EXPENSES Operating and Maintenance Fuel, fuel related expenses, and gas purchased for resale 756,802 2,541 759,343 Purchased power 305,250 1,993 307,243 Nuclear refueling outage expenses 28,433 28,433 Other operation and maintenance 758,723 12,695 771,418 Decommissioning 59,460 63 59,523 Taxes other than income taxes 214,095 675 214,770 Depreciation and amortization 547,671 508 548,179 Other regulatory charges (credits) - net (15,360) (15,360) Total 2,655,074 18,475 2,673,549 OPERATING INCOME 858,414 (8,325) 850,089 OTHER INCOME (DEDUCTIONS) Allowance for equity funds used during construction 54,741 54,741 Interest and investment income 243,168 (68,260) 174,908 Miscellaneous - net (48,391) (1,596) (49,987) Total 249,518 (69,856) 179,662 INTEREST EXPENSE Interest expense 351,493 81,621 433,114 Allowance for borrowed funds used during construction (22,861) (22,861) Total 328,632 81,621 410,253 INCOME BEFORE INCOME TAXES 779,300 (159,802) 619,498 Income taxes 148,924 (17,246) 131,678 CONSOLIDATED NET INCOME 630,376 (142,556) 487,820 Preferred dividend requirements of subsidiaries and noncontrolling interests 4,714 499 5,213 NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION $ 625,662 $ (143,055) $ 482,607 EARNINGS PER AVERAGE COMMON SHARE BASIC $1.36 ($0.31) $1.05 DILUTED $1.34 ($0.31) $1.03 AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC 458,745,729 DILUTED 466,308,890 *Totals may not foot due to rounding. Page 23 Entergy Corporation Consolidating Income Statement Three Months Ended June 30, 2025 (Dollars in thousands) (Unaudited) Utility Parent Other Consolidated OPERATING REVENUES Electric $ 3,274,945 $ $ 3,274,945 Natural gas 40,778 40,778 Other 13,126 13,126 Total 3,315,723 13,126 3,328,849 OPERATING EXPENSES Operating and Maintenance Fuel, fuel related expenses, and gas purchased for resale 631,773 4,501 636,274 Purchased power 372,842 3,263 376,105 Nuclear refueling outage expenses 29,613 29,613 Other operation and maintenance 713,296 11,167 724,463 Decommissioning 56,490 79 56,569 Taxes other than income taxes 200,784 990 201,774 Depreciation and amortization 520,896 1,687 522,583 Other regulatory charges (credits) - net (55,957) (55,957) Total 2,469,737 21,687 2,491,424 OPERATING INCOME 845,986 (8,561) 837,425 OTHER INCOME (DEDUCTIONS) Allowance for equity funds used during construction 51,305 51,305 Interest and investment income 160,248 (72,829) 87,419 Miscellaneous - net (41,497) (2,225) (43,722) Total 170,056 (75,054) 95,002 INTEREST EXPENSE Interest expense 282,026 61,041 343,067 Allowance for borrowed funds used during construction (20,993) (20,993) Total 261,033 61,041 322,074 INCOME BEFORE INCOME TAXES 755,009 (144,656) 610,353 Income taxes 152,836 (14,437) 138,399 CONSOLIDATED NET INCOME 602,173 (130,219) 471,954 Preferred dividend requirements of subsidiaries and noncontrolling interests 3,525 499 4,024 NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION $ 598,648 $ (130,718) $ 467,930 EARNINGS PER AVERAGE COMMON SHARE BASIC $1.36 ($0.30) $1.07 DILUTED $1.34 ($0.29) $1.05 AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC 439,182,369 DILUTED 445,700,889 *Totals may not foot due to rounding. Page 24 Entergy Corporation Consolidating Income Statement Six Months Ended June 30, 2026 (Dollars in thousands) (Unaudited) Utility Parent Other Consolidated OPERATING REVENUES Electric $ 6,683,761 $ $ 6,683,761 Other 27,503 27,503 Total 6,683,761 27,503 6,711,264 OPERATING EXPENSES Operating and Maintenance Fuel, fuel related expenses, and gas purchased for resale 1,362,097 9,070 1,371,167 Purchased power 663,755 6,531 670,286 Nuclear refueling outage expenses 52,576 52,576 Other operation and maintenance 1,421,165 23,818 1,444,983 Asset write-offs, impairments, and related charges 18,059 18,059 Decommissioning 118,194 147 118,341 Taxes other than income taxes 420,082 1,212 421,294 Depreciation and amortization 1,086,299 2,009 1,088,308 Other regulatory charges (credits) - net 103,939 103,939 Total 5,228,107 60,846 5,288,953 OPERATING INCOME 1,455,654 (33,343) 1,422,311 OTHER INCOME (DEDUCTIONS) Allowance for equity funds used during construction 102,081 102,081 Interest and investment income 526,847 (136,129) 390,718 Miscellaneous - net (16,796) (10,228) (27,024) Total 612,132 (146,357) 465,775 INTEREST EXPENSE Interest expense 674,734 158,296 833,030 Allowance for borrowed funds used during construction (43,037) (43,037) Total 631,697 158,296 789,993 INCOME BEFORE INCOME TAXES 1,436,089 (337,996) 1,098,093 Income taxes 260,328 (40,860) 219,468 CONSOLIDATED NET INCOME 1,175,761 (297,136) 878,625 Preferred dividend requirements of subsidiaries and noncontrolling interests 10,104 998 11,102 NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION $ 1,165,657 $ (298,134) $ 867,523 EARNINGS PER AVERAGE COMMON SHARE BASIC $2.55 ($0.65) $1.90 DILUTED $2.51 ($0.64) $1.87 AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC 457,240,145 DILUTED 464,415,110 *Totals may not foot due to rounding. Page 25 Entergy Corporation Consolidating Income Statement Six Months Ended June 30, 2025 (Dollars in thousands) (Unaudited) Utility Parent Other Consolidated OPERATING REVENUES Electric $ 6,032,811 $ $ 6,032,811 Natural gas 112,509 112,509 Other 30,403 30,403 Total 6,145,320 30,403 6,175,723 OPERATING EXPENSES Operating and Maintenance Fuel, fuel related expenses, and gas purchased for resale 970,756 10,040 980,796 Purchased power 714,926 6,925 721,851 Nuclear refueling outage expenses 62,654 62,654 Other operation and maintenance 1,375,770 21,360 1,397,130 Decommissioning 112,342 156 112,498 Taxes other than income taxes 398,929 1,610 400,539 Depreciation and amortization 1,032,231 3,295 1,035,526 Other regulatory charges (credits) - net (72,800) (72,800) Total 4,594,808 43,386 4,638,194 OPERATING INCOME 1,550,512 (12,983) 1,537,529 OTHER INCOME (DEDUCTIONS) Allowance for equity funds used during construction 95,323 95,323 Interest and investment income 267,423 (146,598) 120,825 Miscellaneous - net (24,770) (4,226) (28,996) Total 337,976 (150,824) 187,152 INTEREST EXPENSE Interest expense 567,750 123,701 691,451 Allowance for borrowed funds used during construction (39,586) (39,586) Total 528,164 123,701 651,865 INCOME BEFORE INCOME TAXES 1,360,324 (287,508) 1,072,816 Income taxes 267,109 (28,669) 238,440 CONSOLIDATED NET INCOME 1,093,215 (258,839) 834,376 Preferred dividend requirements of subsidiaries and noncontrolling interests 4,688 998 5,686 NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION $ 1,088,527 $ (259,837) $ 828,690 EARNINGS PER AVERAGE COMMON SHARE BASIC $2.50 ($0.60) $1.91 DILUTED $2.45 ($0.59) $1.87 AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC 434,789,473 DILUTED 443,446,875 *Totals may not foot due to rounding. Page 26 Entergy Corporation Consolidating Income Statement Twelve Months Ended June 30, 2026 (Dollars in thousands) (Unaudited) Utility Parent Other Consolidated OPERATING REVENUES Electric $ 13,426,264 $ $ 13,426,264 Natural gas 98 98 Other 55,865 55,865 Total 13,426,362 55,865 13,482,227 OPERATING EXPENSES Operating and Maintenance Fuel, fuel related expenses, and gas purchased for resale 2,729,688 20,086 2,749,774 Purchased power 1,176,544 12,889 1,189,433 Nuclear refueling outage expenses 103,351 103,351 Other operation and maintenance 3,058,395 44,555 3,102,950 Asset write-offs, impairments, and related charges 12,795 18,059 30,854 Decommissioning 233,408 311 233,719 Taxes other than income taxes 837,053 2,366 839,419 Depreciation and amortization 2,125,122 5,352 2,130,474 Other regulatory charges (credits) - net 15,193 15,193 Total 10,291,549 103,618 10,395,167 OPERATING INCOME 3,134,813 (47,753) 3,087,060 OTHER INCOME (DEDUCTIONS) Allowance for equity funds used during construction 187,484 187,484 Interest and investment income 864,427 (277,186) 587,241 Miscellaneous - net (77,861) (12,588) (90,449) Total 974,050 (289,774) 684,276 INTEREST EXPENSE Interest expense 1,269,005 285,529 1,554,534 Allowance for borrowed funds used during construction (79,755) (79,755) Total 1,189,250 285,529 1,474,779 INCOME BEFORE INCOME TAXES 2,919,613 (623,056) 2,296,557 Income taxes 544,491 (65,511) 478,980 CONSOLIDATED NET INCOME 2,375,122 (557,545) 1,817,577 Preferred dividend requirements of subsidiaries and noncontrolling interests 18,476 1,996 20,472 NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION $ 2,356,646 $ (559,541) $ 1,797,105 EARNINGS PER AVERAGE COMMON SHARE BASIC $5.20 ($1.23) $3.97 DILUTED $5.12 ($1.22) $3.90 AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC 453,162,554 DILUTED 460,266,587 *Totals may not foot due to rounding. Page 27 Entergy Corporation Consolidating Income Statement Twelve Months Ended June 30, 2025 (Dollars in thousands) (Unaudited) Utility Parent Other Consolidated OPERATING REVENUES Electric $ 12,047,990 $ $ 12,047,990 Natural gas 189,555 189,555 Other 69,583 69,583 Total 12,237,545 69,583 12,307,128 OPERATING EXPENSES Operating and Maintenance Fuel, fuel related expenses, and gas purchased for resale 2,066,600 31,904 2,098,504 Purchased power 1,109,368 22,872 1,132,240 Nuclear refueling outage expenses 133,133 133,133 Other operation and maintenance 2,860,230 46,331 2,906,561 Asset write-offs, impairments, and related charges (credits) (24,641) (24,641) Decommissioning 224,729 275 225,004 Taxes other than income taxes 770,838 2,700 773,538 Depreciation and amortization 2,037,073 6,597 2,043,670 Other regulatory charges (credits) - net (313,887) (313,887) Total 8,888,084 86,038 8,974,122 OPERATING INCOME 3,349,461 (16,455) 3,333,006 OTHER INCOME (DEDUCTIONS) Allowance for equity funds used during construction 172,299 172,299 Interest and investment income 493,181 (294,774) 198,407 Miscellaneous - net (105,355) (20,317) (125,672) Total 560,125 (315,091) 245,034 INTEREST EXPENSE Interest expense 1,060,285 255,748 1,316,033 Allowance for borrowed funds used during construction (70,125) (70,125) Total 990,160 255,748 1,245,908 INCOME BEFORE INCOME TAXES 2,919,426 (587,294) 2,332,132 Income taxes 635,209 (70,369) 564,840 CONSOLIDATED NET INCOME 2,284,217 (516,925) 1,767,292 Preferred dividend requirements of subsidiaries and noncontrolling interests 5,218 1,997 7,215 NET INCOME ATTRIBUTABLE TO ENTERGY CORPORATION $ 2,278,999 $ (518,922) $ 1,760,077 EARNINGS PER AVERAGE COMMON SHARE BASIC $5.28 ($1.20) $4.08 DILUTED $5.19 ($1.18) $4.01 AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC 431,697,791 DILUTED 439,029,562 *Totals may not foot due to rounding. Page 28 Entergy Corporation Consolidated Cash Flow Statement Three Months Ended June 30, 2026 vs. 2025 (Dollars in thousands) (Unaudited) 2026 2025 Variance OPERATING ACTIVITIES Consolidated net income $ 487,820 $ 471,954 $ 15,866 Adjustments to reconcile consolidated net income to net cash flow provided by operating activities Depreciation, amortization, and decommissioning, including nuclear fuel amortization 671,470 632,638 38,832 Deferred income taxes, tax credits, and non-current taxes accrued 134,817 136,301 (1,484) Changes in working capital Receivables (290,601) (326,522) 35,921 Fuel inventory (7,866) (8,113) 247 Accounts payable 107,920 136,058 (28,138) Taxes accrued 121,935 106,819 15,116 Interest accrued (1,739) 11,272 (13,011) Deferred fuel costs 177,038 14,031 163,007 Customer advances - current 489,386 197,992 291,394 Other working capital accounts (2,092) (64,325) 62,233 Changes in provisions for estimated losses 9,082 (4,205) 13,287 Changes in other regulatory assets 19,038 19,705 (667) Changes in other regulatory liabilities 417,323 221,843 195,480 Change in customer advances - non-current 18,100 18,100 Changes in pension and other postretirement funded status (46,382) (46,134) (248) Other (412,460) (237,712) (174,748) Net cash flow provided by operating activities 1,892,789 1,261,602 631,187 INVESTING ACTIVITIES Construction capital expenditures (2,778,526) (2,008,157) (770,369) Allowance for equity funds used during construction 54,741 39,143 15,598 Nuclear fuel purchases (49,030) (40,567) (8,463) Payment for purchase of plant (263) (326) 63 Insurance proceeds received for property damages 14,282 14,282 Changes in securitization account 5,942 8,747 (2,805) Payments to storm reserve escrow accounts (2,784) (2,360) (424) Decrease (increase) in other investments 83,477 (2,131) 85,608 Proceeds from nuclear decommissioning trust fund sales 602,192 348,265 253,927 Investment in nuclear decommissioning trust funds (601,090) (373,065) (228,025) Net cash flow used in investing activities (2,671,059) (2,030,451) (640,608) FINANCING ACTIVITIES Proceeds from the issuance of Long-term debt 944,166 1,070,099 (125,933) Treasury stock 4,942 1,879 3,063 Common stock 671,460 804,631 (133,171) Retirement of long-term debt (573,889) (746,974) 173,085 Changes in commercial paper - net 187,142 (854,380) 1,041,522 Customer advances received for construction 624,156 520,995 103,161 Customer advances used for construction (245,319) (95,938) (149,381) Other (253,785) (6,196) (247,589) Dividends paid Common stock (293,032) (258,467) (34,565) Preferred stock (4,579) (4,579) Net cash flow provided by financing activities 1,061,262 431,070 630,192 Net increase in cash and cash equivalents 282,992 (337,779) 620,771 Cash and cash equivalents at beginning of period 3,571,053 1,513,410 2,057,643 Cash and cash equivalents at end of period $ 3,854,045 $ 1,175,631 $ 2,678,414 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid (received) during the period for Interest - net of amount capitalized $ 396,608 $ 321,381 $ 75,227 Income taxes - net $ (1,878) $ 3,739 $ (5,617) Noncash investing activities Accrued construction expenditures $ 345,529 $ (80,140) $ 425,669 Page 29 Entergy Corporation Consolidated Cash Flow Statement Year to Date June 30, 2026 vs. 2025 (Dollars in thousands) (Unaudited) 2026 2025 Variance OPERATING ACTIVITIES Consolidated net income $ 878,625 $ 834,376 $ 44,249 Adjustments to reconcile consolidated net income to net cash flow provided by operating activities Depreciation, amortization, and decommissioning, including nuclear fuel amortization 1,326,139 1,255,204 70,935 Deferred income taxes, tax credits, and non-current taxes accrued 220,890 231,274 (10,384) Asset write-offs, impairments, and related charges 18,059 18,059 Changes in working capital Receivables (225,491) (275,045) 49,554 Fuel inventory (5,679) (4,852) (827) Accounts payable 134,118 (53,439) 187,557 Taxes accrued 12,201 11,230 971 Interest accrued 45,508 22,867 22,641 Deferred fuel costs (131,572) (263,205) 131,633 Customer advances - current 740,977 303,791 437,186 Other working capital accounts (118,766) (58,819) (59,947) Changes in provisions for estimated losses (23,610) (38,444) 14,834 Changes in other regulatory assets 134,270 174,523 (40,253) Changes in other regulatory liabilities 32,992 20,040 12,952 Change in customer advances - non-current 135,298 25,000 110,298 Changes in pension and other postretirement funded status (105,395) (104,968) (427) Other (346,811) (281,743) (65,068) Net cash flow provided by operating activities 2,721,753 1,797,790 923,963 INVESTING ACTIVITIES Construction capital expenditures (5,030,819) (3,668,326) (1,362,493) Allowance for equity funds used during construction 102,081 83,161 18,920 Nuclear fuel purchases (199,768) (129,124) (70,644) Payment for purchase of plant (263) (1,608) 1,345 Insurance proceeds received for property damages 14,282 14,282 Changes in securitization account 215 3,309 (3,094) Payments to storm reserve escrow accounts (5,551) (6,808) 1,257 Receipts from storm reserve escrow accounts 43,789 (43,789) Increase (decrease) in other investments 65,548 (1,659) 67,207 Litigation proceeds for reimbursement of spent nuclear fuel storage costs 3,546 (3,546) Proceeds from nuclear decommissioning trust fund sales 1,548,167 713,102 835,065 Investment in nuclear decommissioning trust funds (1,586,838) (780,211) (806,627) Net cash flow used in investing activities (5,092,946) (3,740,829) (1,352,117) FINANCING ACTIVITIES Proceeds from the issuance of Long-term debt 4,625,848 3,517,949 1,107,899 Treasury stock 11,534 24,539 (13,005) Common stock 1,017,171 804,631 212,540 Retirement of long-term debt (1,864,866) (1,599,728) (265,138) Changes in commercial paper - net 911,722 (451,686) 1,363,408 Customer advances received for construction 885,867 732,454 153,413 Customer advances used for construction (436,221) (245,481) (190,740) Other (259,675) 2,164 (261,839) Dividends paid Common stock (585,899) (516,716) (69,183) Preferred stock (9,159) (9,159) Net cash flow provided by financing activities 4,296,322 2,258,967 2,037,355 Net increase in cash and cash equivalents 1,925,129 315,928 1,609,201 Cash and cash equivalents at beginning of period 1,928,916 859,703 1,069,213 Cash and cash equivalents at end of period $ 3,854,045 $ 1,175,631 $ 2,678,414 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid (received) during the period for Interest - net of amount capitalized $ 683,997 $ 647,900 $ 36,097 Income taxes - net $ (2,301) $ 2,487 $ (4,788) Noncash investing activities Accrued construction expenditures $ 1,002,641 $ 576,992 $ 425,649 Page 30 Entergy Corporation Consolidated Cash Flow Statement Twelve Months Ended June 30, 2026 vs. 2025 (Dollars in thousands) (Unaudited) 2026 2025 Variance OPERATING ACTIVITIES Consolidated net income $ 1,817,577 $ 1,767,292 $ 50,285 Adjustments to reconcile consolidated net income to net cash flow provided by operating activities Depreciation, amortization, and decommissioning, including nuclear fuel amortization 2,608,073 2,492,274 115,799 Deferred income taxes, tax credits, and non-current taxes accrued 1,005,125 535,981 469,144 Asset write-offs, impairments, and related charges (credits) 30,854 (24,641) 55,495 Pension settlement charge 2,937 (2,937) Changes in working capital Receivables (30,279) (84,435) 54,156 Fuel inventory 38,100 (1,278) 39,378 Accounts payable 226,312 207,954 18,358 Taxes accrued 69,054 17,577 51,477 Interest accrued 48,744 44,664 4,080 Deferred fuel costs (139,476) (215,580) 76,104 Customer advances - current 918,373 455,454 462,919 Other working capital accounts (244,420) (109,382) (135,038) Changes in provisions for estimated losses 4,550 419 4,131 Changes in other regulatory assets 244,661 292,315 (47,654) Changes in other regulatory liabilities 193,763 300,205 (106,442) Change in customer advances - non-current 145,298 25,000 120,298 Changes in pension and other postretirement funded status (278,613) (443,150) 164,537 Other (583,082) (523,762) (59,320) Net cash flow provided by operating activities 6,074,614 4,739,844 1,334,770 INVESTING ACTIVITIES Construction capital expenditures (9,047,415) (6,382,386) (2,665,029) Allowance for equity funds used during construction 199,646 160,137 39,509 Nuclear fuel purchases (323,556) (277,078) (46,478) Payment for purchase of plant (2,172) (650,928) 648,756 Proceeds from sale of business and assets 858,588 858,588 Insurance proceeds received for property damages 14,282 7,907 6,375 Changes in securitization account (260) 2,641 (2,901) Payments to storm reserve escrow accounts (13,637) (15,203) 1,566 Receipts from storm reserve escrow accounts 2,781 44,525 (41,744) Decrease (increase) in other investments (46,181) 8,242 (54,423) Litigation proceeds for reimbursement of spent nuclear fuel storage costs 85,958 (85,958) Proceeds from nuclear decommissioning trust fund sales 2,345,062 2,317,085 27,977 Investment in nuclear decommissioning trust funds (2,448,709) (2,424,248) (24,461) Net cash flow used in investing activities (8,461,571) (7,123,348) (1,338,223) FINANCING ACTIVITIES Proceeds from the issuance of Long-term debt 6,858,344 6,348,651 509,693 Treasury stock 23,636 115,351 (91,715) Common stock 1,348,643 804,631 544,012 Retirement of long-term debt (3,766,938) (4,273,919) 506,981 Changes in commercial paper - net 1,093,891 (456,746) 1,550,637 Customer advances received for construction 1,797,178 1,087,528 709,650 Customer advances used for construction (853,636) (373,704) (479,932) Other (274,094) (13,382) (260,712) Dividends paid Common stock (1,143,334) (1,016,120) (127,214) Preferred stock (18,319) (18,319) Net cash flow provided by financing activities 5,065,371 2,203,971 2,861,400 Net increase in cash and cash equivalents 2,678,414 (179,533) 2,857,947 Cash and cash equivalents at beginning of period 1,175,631 1,355,164 (179,533) Cash and cash equivalents at end of period $ 3,854,045 $ 1,175,631 $ 2,678,414 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid (received) during the period for Interest - net of amount capitalized $ 1,274,381 $ 1,229,789 $ 44,592 Income taxes - net (includes production tax credit sale proceeds) $ (519,859) $ 36,216 $ (556,075) Noncash investing activities Accrued construction expenditures $ 1,225,696 $ 655,019 $ 570,677 Page 31