Entergy Corp. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Entergy Corp. has submitted its quarterly 10-Q filing for the period ending March 31, 2024, detailing operations of its various subsidiaries.</b>

AI Summary

ENTERGY ARKANSAS, LLC (EAI) filed a Quarterly Report (10-Q) with the SEC on May 2, 2024. Entergy Corp. filed a 10-Q report on May 2, 2024, for the period ending March 31, 2024. The filing covers Entergy Corp. and its subsidiaries, including Entergy Arkansas, LLC, Entergy Mississippi, LLC, Entergy Texas, Inc., System Energy Resources, Inc., and Entergy Louisiana, LLC. The company's primary SIC code is Electric Services [4911]. Entergy Corp.'s principal business address is 639 Loyola Ave, New Orleans, LA 70113. The filing is made under the Securities Exchange Act of 1934.

Why It Matters

For investors and stakeholders tracking ENTERGY ARKANSAS, LLC, this filing contains several important signals. This 10-Q filing provides crucial updates on Entergy Corp.'s financial performance and operational status for the first quarter of 2024. Investors and analysts can use this report to assess the company's current financial health, identify potential risks, and make informed investment decisions regarding Entergy Corp. and its subsidiaries.

Risk Assessment

Risk Level: low — ENTERGY ARKANSAS, LLC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant new risks beyond those typically associated with utility operations.

Analyst Insight

Monitor future filings for detailed financial results and operational updates from Entergy Corp. and its subsidiaries.

Key Numbers

• 2024-05-02 — Filing Date (Date the 10-Q was filed)
• 2024-03-31 — Period of Report (The end date of the reporting period)
• 4911 — SIC Code (Standard Industrial Classification for Electric Services)
• 0000065984 — Central Index Key (Entergy Corp. /de/)

Key Players & Entities

• Entergy Corp. /de/ (company) — Filer
• Entergy Arkansas, LLC (company) — Subsidiary
• Entergy Mississippi, LLC (company) — Subsidiary
• Entergy Texas, Inc. (company) — Subsidiary
• System Energy Resources, Inc (company) — Subsidiary
• Entergy Louisiana, LLC (company) — Subsidiary
• 1934 Act (regulator) — SEC Act
• 2024-03-31 (date) — Period of Report

FAQ

Industry Context

Entergy Corp. operates as a utility company providing electric power services. The company is regulated by various state and federal agencies.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose financial and operational information quarterly.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze the performance of Entergy's various subsidiaries mentioned in the filing.
3. Compare the reported period's performance against previous periods and industry benchmarks.

Key Dates

• 2024-05-02: 10-Q Filing — Submission of the quarterly report for the period ending March 31, 2024.

Year-Over-Year Comparison

This is the initial 10-Q filing for the fiscal year 2024, providing the first set of quarterly financial data for the year.

Key Financial Figures

• $0.01 — red Entergy Corporation Common Stock, $0.01 Par Value ETR New York Stock Exchange
• $25 — lative, No Par Value (Liquidation Value $25 Per Share) ETI/PR New York Stock Exch

Filing Documents

• etr-20240331.htm (10-Q) — 4755KB
• exhibit31aq124.htm (EX-31.A) — 9KB
• exhibit31bq124.htm (EX-31.B) — 9KB
• exhibit31cq124.htm (EX-31.C) — 10KB
• exhibit31dq124.htm (EX-31.D) — 10KB
• exhibit31eq124.htm (EX-31.E) — 10KB
• exhibit31fq124.htm (EX-31.F) — 10KB
• exhibit31gq124.htm (EX-31.G) — 10KB
• exhibit31hq124.htm (EX-31.H) — 10KB
• exhibit31iq124.htm (EX-31.I) — 10KB
• exhibit31jq124.htm (EX-31.J) — 10KB
• exhibit31kq124.htm (EX-31.K) — 10KB
• exhibit31lq124.htm (EX-31.L) — 10KB
• exhibit31mq124.htm (EX-31.M) — 10KB
• exhibit31nq124.htm (EX-31.N) — 10KB
• exhibit32aq124.htm (EX-32.A) — 5KB
• exhibit32bq124.htm (EX-32.B) — 5KB
• exhibit32cq124.htm (EX-32.C) — 5KB
• exhibit32dq124.htm (EX-32.D) — 5KB
• exhibit32eq124.htm (EX-32.E) — 5KB
• exhibit32fq124.htm (EX-32.F) — 5KB
• exhibit32gq124.htm (EX-32.G) — 5KB
• exhibit32hq124.htm (EX-32.H) — 5KB
• exhibit32iq124.htm (EX-32.I) — 5KB
• exhibit32jq124.htm (EX-32.J) — 5KB
• exhibit32kq124.htm (EX-32.K) — 5KB
• exhibit32lq124.htm (EX-32.L) — 5KB
• exhibit32mq124.htm (EX-32.M) — 5KB
• exhibit32nq124.htm (EX-32.N) — 5KB
• 0000065984-24-000049.txt (&nbsp;) — 35129KB
• etr-20240331.xsd (EX-101.SCH) — 85KB
• etr-20240331_cal.xml (EX-101.CAL) — 75KB
• etr-20240331_def.xml (EX-101.DEF) — 811KB
• etr-20240331_lab.xml (EX-101.LAB) — 902KB
• etr-20240331_pre.xml (EX-101.PRE) — 892KB
• etr-20240331_htm.xml (XML) — 12244KB

Financial Information

Part I. Financial Information Entergy Corporation and Subsidiaries Management's Financial Discussion and Analysis 1 Consolidated Income Statements 12 Consolidated Statements of Comprehensive Income 13 Consolidated Statements of Cash Flows 14 Consolidated Balance Sheets 16 Consolidated Statements of Changes in Equity 18

Notes to Financial Statements

Notes to Financial Statements Note 1. Commitments and Contingencies 19 Note 2. Rate and Regulatory Matters 20 Note 3. Equity 29 Note 4. Revolving Credit Facilities, Lines of Credit, Short-term Borrowings, and Long-term Debt 32 Note 5. Stock-based Compensation 37 Note 6. Retirement and Other Postretirement Benefits 38 Note 7. Business Segment Information 42 Note 8. Risk Management and Fair Values 43 Note 9. Decommissioning Trust Funds 54 Note 10. Income Taxes 59 Note 1 1 . Variable Interest Entities 60 Note 1 2 . Revenue 61 Note 1 3 . Asset Retirement Obligations 63 N ote 1 4 . A cquisitions 64

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 65

Controls and Procedures

Item 4. Controls and Procedures 65 Entergy Arkansas, LLC and Subsidiaries Management's Financial Discussion and Analysis 66 Consolidated Statements of Operations 73 Consolidated Statements of Cash Flows 75 Consolidated Balance Sheets 76 Consolidated Statements of Changes in Equity 78 Entergy Louisiana, LLC and Subsidiaries Management's Financial Discussion and Analysis 79 Consolidated Income Statements 88 Consolidated Statements of Comprehensive Income 89 Consolidated Statements of Cash Flows 91 Consolidated Balance Sheets 92 Consolidated Statements of Changes in Equity 94 i Table of Contents TABLE OF CONTENTS Page Number Entergy Mississippi, LLC and Subsidiaries Management's Financial Discussion and Analysis 95 Consolidated Income Statements 101 Consolidated Statements of Cash Flows 103 Consolidated Balance Sheets 104 Consolidated Statements of Changes in Equity 106 Entergy New Orleans, LLC and Subsidiaries Management's Financial Discussion and Analysis 107 Consolidated Statements of Operations 114 Consolidated Statements of Cash Flows 115 Consolidated Balance Sheets 116 Consolidated Statements of Changes in Member's Equity 118 Entergy Texas, Inc. and Subsidiaries Management's Financial Discussion and Analysis 119 Consolidated Income Statements 125 Consolidated Statements of Cash Flows 127 Consolidated Balance Sheets 128 Consolidated Statements of Changes in Equity 130 System Energy Resources, Inc. Management's Financial Discussion and Analysis 131 Income St atements 141 Statements of Cash Flows 143 Balance Sheets 144 Statements of Changes in Common Equity 146

Other Information

Part II. Other Information

Legal Proceedings

Item 1. Legal Proceedings 147

Risk Factors

Item 1A. Risk Factors 147

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 147

Other Information

Item 5. Other Information 148

Exhibits

Item 6. Exhibits 149 Signature 151 ii Table of Contents FORWARD-LOOKING INFORMATION In this combined report and from time to time, Entergy Corporation and the Registrant Subsidiaries each makes statements as a registrant concerning its expectations, beliefs, plans, objectives, goals, projections, strategies, and future events or performance. Such statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "could," "project," "believe," "anticipate," "intend," "goal," "commitment," "expect," "estimate," "continue," "potential," "plan," "predict," "forecast," and other similar words or expressions are intended to identify forward-looking statements but are not the only means to identify these statements. Although each of these registrants believes that these forward-looking statements and the underlying assumptions are reasonable, it cannot provide assurance that they will prove correct. Any forward-looking statement is based on information current as of the date of this combined report and speaks only as of the date on which such statement is made. Except to the extent required by the federal securities laws, each registrant 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 involve a number of risks and uncertainties. There are factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including (a) those factors discussed or incorporated by reference in Item 1A. Risk Factors in the Form 10-K and in this report, (b) those factors discussed or incorporated by reference in Management's Financial Discussion and Analysis in the Form 10-K and in this report, and (c) the following factors (in addition to others described elsewhere in this combined report and in subsequent se