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Entergy (ETR) earnings and revenue breakdown
Latest: Q1 2026 · 10-Q filed May 1, 2026 · Entergy (ETR) Q1 2026 earnings results →
Q1 2026 Revenue up 12% year over year to $3.2B · 12¢ of every $1 of revenue kept as net profit · operating margin 18.0%
Entergy made $3.2B in Q1 2026 (+12% Y/Y): Electricity, US Regulated $3.2B, Product and Service, Other $17.4M. Operating margin 18.0%, net earnings $385M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed May 1, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $3.2B in Q1 2026, up 12% year over year and up 8% from the previous quarter. Electricity, US Regulated was the largest line at 99% of revenue. Electricity, US Regulated added $0.41B year over year (up 15%), 121% of the total change.
Operating profit was $0.57B, a 18.0% margin (down 6.6 points year over year). Operating profit fell $0.13B even though revenue rose $0.34B versus Q1 2025, so costs grew faster than sales. Total costs grew 22% against revenue growth of 12%. Net earnings were $0.38B, up 7% year over year. The effective tax rate was 18.3%.
Operating cash flow was $0.83B (up 55% year over year), 212% of net earnings. Non-cash charges added back $0.60B of depreciation and amortization. Working capital and other items used $0.16B. Capital expenditures of $2.3B exceeded it, leaving free cash flow of −$1.4B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 10-Q | May 1, 2026 | $3.2B | +12% | 18.0% | $385M | $829M |
| Q4 2025 | 10-K | Feb 19, 2026 | $3.0B | +8% | 18.4% | $236M | $1.2B |
| Q3 2025 | 10-Q | Oct 31, 2025 | $3.8B | +12% | 29.4% | $694M | $2.1B |
| Q2 2025 | 10-Q | Aug 1, 2025 | $3.3B | +13% | 25.2% | $468M | $1.3B |
| Q1 2025 | 10-Q | May 1, 2025 | $2.8B | +2% | 24.6% | $362M | $536M |
| Q4 2024 | 10-K | Feb 18, 2025 | $2.7B | +0.6% | 24.4% | $287M | $1.4B |
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Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- EMP — 10% of its revenue · Stated in 10-K (customer table) · source
- ETI-P — 10% of its revenue · Stated in 10-K (customer table) · source
- ELC — 9% of its revenue · Stated in 10-K (customer table) · source
- EAI — 9% of its revenue · Stated in 10-K (customer table) · source
- ENJ — 9% of its revenue · Stated in 10-K (customer table) · source
Buys from
- EAI · Stated in 10-K (named, share not stated) · source
- ETI-P · Stated in 10-K (named, share not stated) · source
About Entergy
Entergy’s business is subject to numerous risks and uncertainties that could affect its ability to successfully implement its business strategy and affect its financial results. Carefully consider all of the information in this report and, in particular, the following principal risks and all of the other specific factors described in Part I, Item 1A of this report, “Risk Factors,” before deciding whether to invest in Entergy or the Registrant Subsidiaries. • The terms and conditions of service, including electric rates, of the Registrant Subsidiaries are determined through regulatory approval proceedings that can be lengthy and subject to appeal, potentially resulting in lengthy litigation and uncertainty as to ultimate results.
In its own words, from its 10-K, filed Feb 19, 2026.
Entergy against its Electric Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +13%. Operating margin: 18.0% against the peers' median 26.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ETR Entergy | Q1 2026 | $3.2B | +12% | 18.0% |
| Southern Power | Q3 2026 | $8.8B | +13% | 33.9% |
| NEE NextEra Energy | Q3 2026 | $8.1B | +2% | 32.4% |
| Florida Power & Light | Q2 2026 | $7.5B | +12% | 29.7% |
| CEG Constellation Energy | Q2 2026 | $7.5B | +23% | 7.7% |
| NRG NRG Energy | Q2 2026 | $7.5B | +11% | 13.0% |
| AEP Texas | Q3 2026 | $6.8B | +14% | 26.5% |
| VST Vistra | Q3 2026 | $6.3B | +28% | 26.9% |
| D Dominion Energy | Q3 2026 | $5.6B | +24% | 32.8% |
Source: Entergy 10-Q on SEC EDGAR · CIK 65984 · Electric Services
13F: who owns ETR and who is buying
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History
Every quarter: Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
