Filing Flows › Entergy (ETR) › Q1 2026 › vs Q4 2025
Entergy (ETR) Q1 2026 vs Q4 2025 (quarter over quarter)
Entergy's revenue rose $229M (+8%) from $3.0B in Q4 2025 to $3.2B in Q1 2026. The biggest changes: Electricity, US Regulated +$225M (+8%); Product and Service, Other +$3.7M (+27%). Operating margin 18.0% against 18.4% (-0.5 pts).
Entergy, Q1 2026: revenue $3.2B (+12% year over year), operating margin 18.0%, net earnings $385M, operating cash flow $829M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 18.0% | 18.4% | -0.5 pts |
| Net margin | 12.1% | 8.0% | +4.1 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Electricity, US Regulated | $3.2B | $2.9B | $225M | +8% |
| Product and Service, Other | $17.4M | $13.7M | $3.7M | +27% |
| Revenue | $3.2B | $3.0B | $229M | +8% |
| Operating profit | $572M | $546M | $26.5M | +5% |
| Costs & expenses | $2.6B | $2.4B | $202M | +8% |
| Pre-tax earnings | $479M | $295M | $184M | +62% |
| Other expense, net | $93.6M | $251M | −$157M | -63% |
| Net earnings | $385M | $236M | $149M | +63% |
| Minority interests | $5.9M | $4.7M | $1.1M | +24% |
| Income tax | $87.8M | $54.2M | $33.6M | +62% |
| Depreciation & amortization | $599M | $575M | $24.1M | +4% |
| Working capital & other | $155M | −$407M | $562M | — |
| Operating cash flow | $829M | $1.2B | −$389M | -32% |
| Capital expenditures | $2.3B | $2.1B | $125M | +6% |
| Negative free cash flow (OCF − capex) | $1.4B | $910M | $514M | +56% |
Questions
How much did Entergy's revenue grow quarter over quarter in Q1 2026?
Entergy's revenue rose $229M (+8%) from $3.0B in Q4 2025 to $3.2B in Q1 2026.
What drove Entergy's revenue change in Q1 2026?
Electricity, US Regulated +$225M (+8%); Product and Service, Other +$3.7M (+27%).