Entergy Corporation (ETR) Stock

Entergy Corporation (ETR) is a Utilities stock trading at $104.61 (as of 2026-08-21), with a market capitalization of $47.90B and a trailing P/E of 24.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Entergy Corporation and its subsidiaries produce and deliver electricity in the United States through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes, and sells electric power in parts of Arkansas, Louisiana, Mississippi, and Texas, and also distributes natural gas, while the wholesale segment owns and operates nuclear and non-nuclear generation and related decommissioning and services for wholesale buyers.

Understand Entergy Corporation: how it makes money

Entergy Corporation produces and sells electricity, and also distributes natural gas, through its Utility business, and it also owns and operates nuclear and non-nuclear power plants through its Entergy Wholesale Commodities business.

Entergy’s profit model is split between regulated utility power and gas delivery (Utility segment) and power generation ownership and operations, including nuclear plant ownership and decommissioning (Entergy Wholesale Commodities segment).

Business quality (Mixed): Good company description and clear operating focus, but the provided data includes only Utility earnings figures (not full segment revenue), so segment revenue breakdown cannot be cleanly totaled to the reported revenue.

Valuation: At 29× earnings, ETR trades 33% above the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

Two engines of earnings tied to core assets: The company operates in two segments, Utility (electricity generation, transmission, distribution and retail sales, plus natural gas distribution) and Entergy Wholesale Commodities (ownership, operation, and decommissioning of nuclear power plants, and ownership of interests in non-nuclear power pla).
Utility earnings are measurable with GAAP and adjusted views: For the latest period shown (2026-03-31), Utility earnings (GAAP) - Segment is 0.4B and Utility adjusted earnings (non-GAAP) - Segment is 0.33B.

Bear case

Nuclear decommissioning adds long-term obligation risk: Because Entergy Wholesale Commodities includes ownership, operation, and decommissioning of nuclear power plants, changes in decommissioning needs or assumptions could affect results.
Storm and event impacts can affect utility revenue: The provided dataset includes an item for non-fuel revenue impact from Ida (estimate vs baseline), indicating that external events can affect non-fuel revenue outcomes.

Valuation — source: SEC EDGAR (first-party)
Price	$104.61
Market Cap	$47.90B
P/E Ratio	24.9
EV / EBITDA	13.8
Price / Book	2.75
Price / Sales	3.64
FCF Yield	-12.6%
DCF Value (model)	$16.63
DCF Upside vs Price	-84.1%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$12.95B
Net Margin	13.7%
Revenue Growth (YoY)	9.0%
EPS Growth (YoY)	61.1%
FCF Growth (YoY)	624.4%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.06 (distress)

Valuation vs Sector & Industry
Stock P/E	24.9
Sector P/E (Utilities)	20.8
Industry P/E (Utilities)	20.1
vs Sector	19.5%
vs Industry	24.0%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($5.41B)
Institutional Holders Tracked	10
Congressional Trades (recent)	4

Company
Sector	Utilities
Industry	Utilities
CEO	Andrew S. Marsh
Employees	12,000
Country	US
IPO Date	1972-06-01

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.