Filing Flows › Entergy (ETR) › Q3 2025
Entergy (ETR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Entergy (ETR) reported revenue of $3.8B for the third quarter 2025 (Q3 2025), +12% from a year earlier and +15% from the quarter before. Operating margin was 29.4%, net earnings $694M (18.2% of revenue).
Entergy, Q3 2025: revenue $3.8B (+12% year over year), operating margin 29.4%, net earnings $694M, operating cash flow $2.1B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | +15% | +12% |
| Operating profit | $1.1B | +34% | -0.6% |
| Net earnings | $694M | +48% | +8% |
| Operating cash flow | $2.1B | +69% | +37% |
| Free cash flow | $246M | — | -42% |
What changed
Revenue was $3.8B in Q3 2025, up 12% year over year and up 15% from the previous quarter. Electricity, US Regulated was the largest line at 100% of revenue. Electricity, US Regulated added $0.46B year over year (up 14%), 109% of the total change. Natural Gas, US Regulated declined 100%.
Operating profit was $1.1B, a 29.4% margin (down 3.9 points year over year). Operating profit fell $0.01B even though revenue rose $0.42B versus a year earlier, so costs grew faster than sales. Total costs grew 19% against revenue growth of 12%. Net earnings were $0.69B, up 8% year over year. The effective tax rate was 22.7%.
Operating cash flow was $2.1B (up 37% year over year), 306% of net earnings. Non-cash charges added back $0.58B of depreciation and amortization. Working capital and other items added $0.85B. Capital expenditures of $1.9B left free cash flow of $0.25B.
Questions
What was Entergy's revenue in the third quarter 2025?
Entergy (ETR) reported revenue of $3.8B for the third quarter 2025 (Q3 2025), +12% from a year earlier and +15% from the quarter before.
Was Entergy profitable in the third quarter 2025?
Operating profit was $1.1B (29.4% of revenue) and net earnings $694M.
Source: Entergy 10-Q on SEC EDGAR.