Filing Flows › Entergy (ETR) › Q4 2025
Entergy (ETR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Entergy (ETR) reported revenue of $3.0B for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and -22% from the quarter before. Operating margin was 18.4%, net earnings $236M (8.0% of revenue).
Entergy, Q4 2025: revenue $3.0B (+8% year over year), operating margin 18.4%, net earnings $236M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | -22% | +8% |
| Operating profit | $546M | -51% | -19% |
| Net earnings | $236M | -66% | -18% |
| Operating cash flow | $1.2B | -43% | -12% |
What changed
Revenue was $3.0B in Q4 2025, up 8% year over year and down 22% from the previous quarter. Electricity, US Regulated was the largest line at 100% of revenue.
Operating profit was $0.55B, a 18.4% margin (down 6.0 points year over year). Operating profit fell $0.12B even though revenue rose $0.22B versus Q4 2024, so costs grew faster than sales. Total costs grew 16% against revenue growth of 8%. Net earnings were $0.24B, down 18% year over year. The effective tax rate was 18.4%.
Operating cash flow was $1.2B (down 12% year over year), 506% of net earnings. Non-cash charges added back $0.57B of depreciation and amortization. Working capital and other items added $0.40B. Capital expenditures of $2.1B exceeded it, leaving free cash flow of −$0.91B.
Questions
What was Entergy's revenue in the fourth quarter 2025?
Entergy (ETR) reported revenue of $3.0B for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and -22% from the quarter before.
Was Entergy profitable in the fourth quarter 2025?
Operating profit was $546M (18.4% of revenue) and net earnings $236M.
Source: Entergy 10-K on SEC EDGAR.