4/30/2025

Comprehensive Analysis

• Earnings Outperformance and Regulatory Tailwinds: Entergy’s Q1 2025 earnings of $0.82/share (355% YoY growth) and affirmed $3.75–$3.95 full-year guidance underscore operational strength. Regulatory approvals (e.g., Texas Future Ready Resiliency Plan) and industrial partnerships (Hyundai, Meta) provide long-term revenue visibility, while $536M operating cash flow and $7.9B liquidity buffer near-term risks.