Entergy (ETR) Q3 FY2026 earnings: revenue $4.4 billion, up 14.5% on the year

Entergy Corp. (ETR) reported revenue of $4.4 billion for Q3 FY2026, the quarter ended 30 September 2026, up 14.5% on the same quarter a year earlier. Net income was $940 million, up 35.5% on the year, and diluted earnings per share $1.98. The figures are the company's own, from the 10-Q it filed with the SEC on 2 November 2026.

Revenue

$4.4 billion

+14.5% on the year · +23.9% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

33.9%

29.4% a year earlier

Q4 FY2024Q3 FY2026

Net income

$940 million

+35.5% on the year · +94.8% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$1.98

+29.4% on the year · +92.2% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Third quarter EPS rose to $1.98: Earnings were $940 million, or $1.98 per share, against $694 million, or $1.53, a year earlier. As-reported and adjusted figures were the same for the quarter.
Utility earnings rose $269 million: Utility earnings were $1,079 million, or $2.28 per share, against $810 million, or $1.79 a year earlier, on both as-reported and adjusted bases.
Louisiana transmission project approved: The Louisiana commission approved the $1.2 billion Babel to Webre transmission project for Entergy Louisiana.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	4,365	3,524	3,812	+23.9%	+14.5%
Operating income	1,481	850	1,119	+74.2%	+32.4%
Operating margin	33.9%	24.1%	29.4%
Interest expense	436	410	325	+6.2%	+34.1%
Pre-tax income	1,224	619	904	+97.6%	+35.5%
Income tax	279	132	205	+111.6%	+35.7%
Effective tax rate	22.8%	21.3%	22.7%
Net income	940	483	694	+94.8%	+35.5%
Net margin	21.5%	13.7%	18.2%
Diluted EPS	$1.98	$1.03	$1.53	+92.2%	+29.4%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	2,235	1,893	2,135	+18.1%	+4.7%
Capital expenditure	2,713	2,779	1,889	-2.4%	+43.6%
Free cash flow	-478	-886	246
Free cash flow margin	-10.9%	-25.1%	6.5%
Cash from investing	-2,748	-2,671	-1,471
Cash from financing	864	1,061	-323	-18.5%
Depreciation and amortisation	612	608	583	+0.6%	+5.0%
Dividends paid	299	293	268	+1.9%	+11.5%
Dividend per share	$0.64	$0.64	$0.60	0.0%	+6.7%
Diluted shares, weighted	474m	466m	454m	+1.7%	+4.6%
Shares outstanding at period end	478m	467m	447m	+2.4%	+7.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	19,801	18,229	16,662	+8.6%	+18.8%
Non-controlling interest	91.0	91.6	94.7	-0.6%	-3.8%
Redeemable equity	219	219	219	0.0%	0.0%
Short-term borrowings	132	n/a	n/a
Debt	34,680	34,627	30,448	+0.2%	+13.9%
Other liabilities	26,932	25,835	22,424	+4.2%	+20.1%
Total liabilities and equity	81,855	79,003	69,848	+3.6%	+17.2%
Fixed assets	479	480	477	-0.2%	+0.5%
Goodwill	368	368	368	0.0%	0.0%
Investments	7,567	7,645	7,062	-1.0%	+7.1%
Cash and equivalents	4,205	3,854	1,517	+9.1%	+177.2%
Receivables	2,114	1,708	1,780	+23.7%	+18.7%
Other assets	67,123	64,947	58,644	+3.3%	+14.5%
Total assets	81,855	79,003	69,848	+3.6%	+17.2%

Questions

What was Entergy's revenue in Q3 FY2026?

Entergy (ETR) reported revenue of $4.4 billion for Q3 FY2026, the quarter ended 30 September 2026, up 14.5% on the same quarter a year earlier.

How much did Entergy earn in Q3 FY2026?

Net income for Q3 FY2026 was $940 million, up 35.5% on the year, and diluted earnings per share $1.98.

When did Entergy report Q3 FY2026 results?

Entergy filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 2 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	2,722	2,878	3,395	4,219	3,273	2,981	2,846	3,596	2,725	2,795	2,954	3,389	2,742	2,847	3,329	3,812	2,959	3,188	3,524	4,365
Operating income	342	566	81.1	955	449	462	756	1,143	257	238	618	1,126	670	700	837	1,119	546	572	850	1,481
Operating margin	13%	20%	2%	23%	14%	16%	27%	32%	9%	9%	21%	33%	24%	25%	25%	29%	18%	18%	24%	34%
Interest expense	212	222	227	227	236	246	251	255	254	267	290	295	299	330	322	325	360	380	410	436
Pre-tax income	231	346	-196	740	168	233	527	897	14.9	97.5	85.4	861	398	462	610	904	295	479	619	1,224
Tax rate	-6%	19%	n/a	25%	42%	-34%	26%	25%	-6519%	22%	39%	25%	28%	22%	23%	23%	18%	18%	21%	23%
Net income	259	276	160	561	106	311	391	667	988	75.3	48.9	645	286	361	468	694	236	385	483	940
Net margin	10%	10%	5%	13%	3%	10%	14%	19%	36%	3%	2%	19%	10%	13%	14%	18%	8%	12%	14%	22%
Diluted EPS	$0.64	$0.68	$0.39	$1.37	n/a	$0.73	$0.92	$1.57	$4.65	$0.17	$0.12	$1.50	n/a	$0.82	$1.05	$1.53	$0.51	$0.83	$1.03	$1.98
Operating cash flow	290	538	278	993	776	960	866	1,405	1,063	521	1,025	1,562	1,380	536	1,262	2,135	1,218	829	1,893	2,235
Capital expenditure	132	1,502	1,219	1.0	n/a	0.0	30.4	0.0	1,067	961	1,163	1,141	1,573	1,660	2,008	1,889	2,128	2,252	2,779	2,713
Free cash flow	158	-964	-941	992	n/a	960	836	1,405	-3.7	-440	-138	422	-194	-1,124	-747	246	-910	-1,423	-886	-478
Dividends paid	203	205	205	205	226	226	226	226	239	241	241	242	258	258	258	268	289	293	293	299
Shares outstanding	406m	407m	407m	407m	430m	423m	423m	429m	430m	862m	893m	429m	430m	431m	446m	447m	453m	458m	467m	478m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 2 November 2026: the filing.