Entergy CorporationNYSE: ETR
Utilities · Electric Utilities
$116.83
-0.92%
Vol: 1.3M
Research Digest
Friday, May 1, 2026
Entergy reports Q1 2026 adjusted EPS of $0.86 and signs major Meta hyperscale agreement including $2 billion in customer savings and affirms 2026 guidance with $0.20 increase.
Entergy Corporation reported first quarter 2026 adjusted EPS of $0.86 with a $0.64 quarterly dividend payment. The company announced a significant hyperscale agreement with Meta expected to bring $2 billion in Fair Share value and additional community benefits, plus another Louisiana agreement with approximately $2 billion in estimated customer savings. Entergy affirmed its 2026 adjusted EPS guidance with a $0.20 increase. Industrial sales growth reached 15% in the first quarter.
Previous Market Intelligence
13 daysApr 30Entergy boosts four-year capital plan by 14 billion dollars to 57 billion on Meta data center partnershipPositive▶
Entergy Corp increased four-year capital spending plan by nearly one-third to $57 billion, primarily to build natural gas-fired power plants for Meta's massive data center development in northern Louisiana. Company reported Q1 earnings of $0.86 per share on adjusted basis (slightly missed $0.87 estimate) but beat revenue at $3.19 billion versus $2.98 billion estimate. Entergy signed Electric Service Agreement with Meta expected to bring $2 billion in Fair Share value plus additional community benefits, with full earnings impact realized as assets come online in 2030-2031. Retail sales growth projected at 8.5% annually through 2029. Pipeline of 7-12 gigawatts of potential data center customers indicates strong future growth. Company maintains 2026 adjusted EPS guidance of $4.25-$4.45.
Apr 29Entergy boosts capital spending by $14 billion to $57B total, driven by Meta data center demandPositive▶
Entergy Corporation boosted four-year capital spending plan by nearly one-third to $57 billion, primarily to build natural gas power plants for Meta's massive Louisiana data center expansion. Q1 2026 net earnings grew to $385 million or $0.83 per share. Company announced additional electric service agreement with MEDA expected to deliver $2 billion in customer savings over 20 years. 2026 full-year adjusted earnings guidance maintained at $4.25-$4.45 per share.
Apr 16Entergy Louisiana announced additional Meta data center agreement worth $2.0B in customer savings over 20 years on March 27, 2026.Positive▶
Entergy secured second major Meta data center agreement adding $2B savings over two decades, bringing total Meta benefits to $2.65B. Deal funds significant generation and transmission buildout with $120M Power to Care and $140M energy efficiency programs. Stock up 39.84% YoY driven by strong capital growth plan ($41B) and renewable expansion. Q2 dividend payment $0.64 ex-date May 1.
Apr 15BMO Capital raised ETR price target to $127 on April 13 as clean energy and Meta data center demand drive 30-day momentum of 12.18%.Positive▶
Entergy Corporation board declared quarterly dividend of $0.64 per share payable June 1, 2026. BMO Capital raised price target to $127 from $118 on April 13, while Argus increased target to $118 from $100 maintaining Buy rating. Significant catalyst involves Entergy Louisianas $21.37 billion Meta data center partnership. ETR Texas broke ground on Legend and Lone Star power stations capable of powering 300,000+ homes.
Apr 14Entergy Louisiana announces additional $2.0 billion customer savings agreement with Meta for data center power supply over 20 years.Positive▶
Entergy Louisiana announced an additional agreement with Meta expected to deliver approximately $2.0 billion in customer savings over 20 years, adding to a prior $650 million commitment for combined $2.65 billion in benefits. The deal funds major generation, transmission, and storage buildout, targeting support for up to 2,500 MW of renewable capacity and over 5,200 MW of combined-cycle gas capacity. Entergy is positioning itself for significant growth through a $41 billion capital plan for grid modernization and renewable energy expansion. Recent leadership changes include the retirement of Chief Accounting Officer Reginald T. Jackson, with Patrick J. Stack appointed as successor. A quarterly dividend of $0.64 per share was declared, payable June 1, 2026.
Apr 13Entergy stock strong at $116.47 with 2025 EPS of $3.91, boosted by $10B Meta data center deal and Q1 2026 EPS guidance of $4.25-$4.45.Positive▶
Entergy released 2025 Performance Report on April 11 showing full-year EPS of $3.91 with 2026 adjusted EPS guidance of $4.25-$4.45. Company has secured $10 billion partnership with Meta Platforms including $2.0 billion in customer savings over 20 years. Argus raised price target to $118 from $100 with Buy rating. Board declared $0.64 quarterly dividend. Senior VP Reginald Jackson retiring, replaced by Patrick Stack.
Apr 10Entergy gains on Meta data center deal tailwinds; Argus upgrades to Buy with $118 price target.Positive▶
Entergy (ETR) closed April 9 at $118.17, up 2.9% from the prior close, driven by investor enthusiasm around its $10 billion Meta data center partnership. Argus Research raised its price target from $100 to $118 with a Buy rating, while BMO Capital, Mizuho, and Barclays also raised targets in late March/early April. Entergy is scheduled to report Q1 2026 earnings on April 28.
Apr 9Entergy Expands Meta Partnership to $2.65B Customer Savings, Raises Dividend to $0.64Positive▶
Entergy Corporation declared $0.64 quarterly dividend on April 6, 2026, signaling confidence in growth plans. Company announced expanded Meta partnership on March 27 delivering $2.65B total customer savings over 20 years ($2B new + $650M prior). 2025 adjusted EPS $3.91 in top half of guidance range. Strategic $41B capital plan funds grid modernization and renewable energy expansion. Stock at $113.87 reflecting analyst upgrades from BMO, Mizuho, Barclays (all March 30), with targets $118-120. Average 12-month target $113.29 from 20 analysts suggests limited upside. Q1 2026 earnings May 1, 2026. Company positioning for significant long-term growth through renewable investments.
Apr 8Entergy secures $10B Meta data center partnership, Argus raises PT to $118Positive▶
Entergy Corporation announced a fully-funded $10 billion data center partnership with Meta Platforms for seven new natural gas-fired plants in rural Louisiana. Argus upgraded its price target from $100 to $118 on April 6, citing solid financial performance and growth prospects. The company declared a quarterly dividend of $0.64 per share and published its 2025 Performance Report highlighting $77 billion in capital projects and adjusted EPS of $3.91. The Meta partnership positions Entergy as a key infrastructure beneficiary of AI expansion. This deal enhances long-term revenue visibility but requires successful execution of major capital projects.
Apr 7Meta deal worth $2.65B in customer savings; $43B 2026-2029 capex plan; Q1 earnings May 1.Positive▶
Entergy Louisiana announced deal with Meta for $2B customer savings (plus prior $650M). Includes 7 new plants (5,200 MW). Unveiled $43B 2026-2029 capex. 2025 adjusted EPS $3.91 (+7%). 2026 guidance $4.25-4.45. Stock $113.54. Consensus Strong Buy.
Apr 6Entergy secures $10B Meta data center power agreement and plans $41B capital investment through 2029Positive▶
Entergy Corporation (ETR) secured a fully funded US$10 billion data center power supply partnership with Meta Platforms, filing the agreement with Louisiana regulators and representing the largest data center electric supply agreement among U.S. utilities to date. The company announced a $41 billion capital investment from 2026 to 2029 targeting renewables and grid modernization, expected to drive earnings growth and shareholder value. Shares trade at $114.90 with market cap of $52.04B, price-to-earnings ratio of 29.42, and dividend yield of 2.2%, reflecting strong year-to-date performance with 22.4% return and an eight-day winning streak. Recent analyst upgrades maintain a Buy rating on the stock amid favorable growth projections from the Meta partnership and capital investment program. The meta data center deal builds on Entergy's renewable and grid modernization strategy while providing long-term contracted revenue visibility and supporting above-average EPS and earnings growth for several years.
Apr 3Meta data center partnership and $41B capex plan drive bullish analyst revisions with BTIG raising price target to $131.Positive▶
Entergy announced a major contract with Meta for data center power supply. The company outlined a $41 billion capital investment plan (2026-2029) targeting grid modernization and renewables expansion. BTIG raised its price target from $111 to $131 with a Buy rating. Analysts from Mizuho and UBS also project upside with $120 targets.
Apr 2Entergy secured $10 billion Meta data center deal that will save customers $2 billion over 20 years, driving 14% stock rally over 8 days.Positive▶
Entergy announced a landmark partnership with Meta to finance a hyperscale data center complex in Louisiana, the largest utility data center supply agreement to date. Meta will fully fund the $10 billion project, significantly reducing financial risk for Entergy customers. The deal is projected to save customers approximately $2 billion over the next two decades. Stock rallied 14% over an 8-day winning streak, with market cap surging $6.2 billion to $51 billion. Mizuho and UBS both maintain $120 price targets. Earnings expected April 28, 2026.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CEGCONSTELLATION | $308.34 | -1.49% | +13.8% | 22.8x | 1.19 | $113.4B |
| SOSOUTHERN | $97.02 | +0.33% | -0.3% | 19.6x | 0.41 | $109.0B |
| DUKDUKE | $128.89 | -0.51% | -1.4% | 18.1x | 0.45 | $100.8B |
| AEPAMERICAN | $137.20 | +0.06% | +3.6% | 19.9x | 0.57 | $74.5B |
| ETRENTERGY | $116.83 | -0.92% | +2.9% | 23.6x | 0.56 | $54.0B |
| VSTVISTRA | $155.54 | -1.46% | +4.1% | 14.2x | 1.50 | $53.4B |
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