Entergy (ETR) 10-K Summary — Year Ended Dec 31, 2024
Entergy Corporation filed its annual report for the fiscal year ended December 31, 2024. The company highlighted key risks and maintained substantial cash flow.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Entergy Corporation filed its annual report for the fiscal year ended December 31, 2024. The company highlighted key risks and maintained substantial cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$11.9B
Revenue reported for the fiscal year.
Operating income
$2.7B
Income from operations reported for the year.
Net income
$1.1B
Net income reported for the year.
Operating cash flow
$4.5B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $11.7B | n/a |
| Dec 31, 2022 | $13.8B | +17.2% |
| Dec 31, 2023 | $12.1B | -11.7% |
| Dec 31, 2024 | $11.9B | -2.2% |
Business overview
Entergy Corporation is a utility holding company that provides electric service through regulated utility subsidiaries. Its operations are subject to state and federal regulation, and it participates in regional energy markets.
Financial performance
Revenue declined from the prior year, while operating income and net income remained positive. Operating cash flow was strong, supporting the company's financial position.
Material risks
The company faces regulatory risks, including lengthy rate proceedings and potential disallowance of costs. Changes in legislation or government policies could also adversely affect its business. Additionally, recovery of storm restoration costs is subject to regulatory approval and may be delayed.
Liquidity and capital
The company's debt to capital ratio increased during the year, primarily due to net long-term debt issuance. Management evaluates capital structure using non-GAAP measures that exclude securitization bonds.
What to watch
Investors should monitor the outcome of regulatory proceedings on rate cases and cost recovery mechanisms for storm restoration.