Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
ETREntergy Corp
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether Entergy made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Entergy filed it, with what each one means in plain English.
As filed with the SEC on Feb 19, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- costs of running the business: $75
- other income and costs: $7
- income tax: $4
- kept as profit: $13.7
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Revenues | |||
| $12.9B▲ 9.0% | $11.9B | $12.1B | |
| Operating Costs and Expenses | |||
| $2.4B▲ 4.5% | $2.3B | $2.8B | |
| $1.2B▲ 48% | $839.2M | $968.0M | |
| $113.4M▼ 23% | $147.0M | $150.1M | |
| $3.1B▲ 5.4% | $2.9B | $2.9B | |
| $12.8M▼ 88% | $107.1M | $42.7M | |
| $227.9M▲ 3.5% | $220.1M | $206.7M | |
| $818.7M▲ 8.7% | $752.9M | $755.6M | |
| $2.1B▲ 3.2% | $2.0B | $1.8B | |
| −$161.5M▼ 2534% | −$6.1M | −$138.5M | |
| $9.7B▲ 5.6% | $9.2B | $9.5B | |
| $3.2B▲ 21% | $2.7B | $2.6B | |
| Nonoperating Income (Expense) | |||
| $180.7M▲ 36% | $133.0M | $98.5M | |
| $317.3M▲ 6.2% | $298.9M | $162.7M | |
| −$92.4M▲ 81% | −$490.0M | −$201.0M | |
| $405.7M | −$58.1M | $60.2M | |
| Interest Expense, Operating and Nonoperating | |||
| $1.4B▲ 17% | $1.2B | $1.0B | |
| $76.3M▲ 45% | $52.8M | $39.8M | |
| $1.3B▲ 16% | $1.2B | $1.0B | |
| $2.3B▲ 57% | $1.4B | $1.7B | |
| $498.0M▲ 31% | $381.0M | −$690.5M | |
| $1.8B▲ 67% | $1.1B | $2.4B | |
| $15.1M▲ 169% | $5.6M | $5.8M | |
| $1.8B▲ 67% | $1.1B | $2.4B | |
| Earnings Per Share | |||
| $3.98▲ 61% | $2.47 | $5.57 | |
| $3.91▲ 60% | $2.45 | $5.55 | |
| 442.0M shares▲ 3.3% | 427.7M shares | 423.1M shares | |
| 450.2M shares▲ 4.3% | 431.6M shares | 424.8M shares | |
Split by Electricity, US Regulated, Natural Gas, US Regulated, Product and Service, Other, Entergy Arkansas and more
| Electricity, US Regulated | |||
|---|---|---|---|
| Sales (Revenues) | $12.8B | $11.6B | $11.8B |
| Natural Gas, US Regulated | |||
| Sales (Revenues) | $112.6M | $178.1M | $180.5M |
| Product and Service, Other | |||
| Sales (Revenues) | $58.8M | $73.9M | $124.5M |
| Entergy Arkansas | |||
| Sales (Revenues) | $2.8B | $2.5B | $2.6B |
| Other item (Utilities Operating Expense, Fuel Used) | $352.5M | $274.3M | $514.9M |
| Other item (Utilities Operating Expense, Purchased Power) | $248.9M | $239.3M | $257.9M |
| Other item (Nuclear Refueling Outage Expenses) | $43.2M | $51.8M | $60.0M |
| Other item (Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses) | $778.4M | $742.6M | $737.6M |
| Write-down of asset values (impairment) (Asset Impairment Charges) | $0 | $131.8M | $78.4M |
| Other item (Accretion Expense, Including Asset Retirement Obligations) | $100.7M | $93.6M | $87.3M |
| Other item (Taxes, Other) | $164.0M | $141.2M | $141.5M |
| Wear and tear (depreciation and amortization) (Cost, Depreciation and Amortization) | $463.8M | $422.8M | $400.9M |
| Other item (Other Regulatory Charges (Credits) - Net) | −$62.2M | −$152.8M | −$87.4M |
| Total costs (Costs and Expenses, Total) | $2.1B | $1.9B | $2.2B |
| Profit from the main business (operating income) (Operating Income (Loss), Total) | $694.6M | $515.7M | $455.2M |
| Other item (Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity) | $24.3M | $29.6M | $20.6M |
| Investments (Investment Income, Net) | $67.4M | $70.6M | $25.0M |
| Other income and costs (Other Nonoperating Income (Expense)) | −$10.5M | −$18.0M | −$23.2M |
| Other income and costs (Nonoperating Income (Expense), Total) | $81.2M | $82.2M | $22.4M |
| Interest paid on debt (Interest Expense, Debt) | $242.2M | $218.3M | $188.2M |
| Other item (Public Utilities, Allowance for Funds Used During Construction, Additions) | $11.7M | $14.4M | $8.3M |
| Interest paid on debt (Interest Expense, Nonoperating) | $230.5M | $203.9M | $180.0M |
| Profit before tax (Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total) | $545.3M | $394.0M | $297.6M |
| Income tax (Income Tax Expense (Benefit)) | $107.9M | $74.6M | −$99.2M |
| Profit (net income) (Net Income (Loss)) | $440.5M | $324.8M | $402.1M |
| Profit, including partners' share (Net Income (Loss), Including Portion Attributable to Noncontrolling Interest) | $437.5M | $319.5M | $396.9M |
| Profit belonging to partners (non-controlling interest) (Net Income (Loss) Attributable to Noncontrolling Interest) | −$3.1M | −$5.3M | −$5.2M |
| Entergy Arkansas | Affiliated Entity | |||
| Sales (Revenues) | $96.0M | $111.8M | $125.2M |
| Total costs (Costs and Expenses, Total) | $534.0M | $540.6M | $585.8M |
| Investments (Investment Income, Net) | $1.7M | $2.2M | $700.0K |
| Entergy Arkansas | Electricity, US Regulated | |||
| Sales (Revenues) | $2.8B | $2.5B | $2.6B |
| Entergy Louisiana | |||
| Sales (Revenues) | $5.7B | $5.1B | $5.1B |
| Other item (Utilities Operating Expense, Fuel Used) | $1.3B | $1.0B | $1.1B |
| Other item (Utilities Operating Expense, Purchased Power) | $895.2M | $670.9M | $654.7M |
| Other item (Nuclear Refueling Outage Expenses) | $53.6M | $76.0M | $63.4M |
| Other item (Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses) | $1.1B | $1.1B | $1.1B |
| Other item (Accretion Expense, Including Asset Retirement Obligations) | $79.0M | $80.7M | $76.0M |
| Other item (Taxes, Other) | $261.5M | $248.5M | $245.2M |
| Wear and tear (depreciation and amortization) (Cost, Depreciation and Amortization) | $806.4M | $770.9M | $726.4M |
| Other item (Other Regulatory Charges (Credits) - Net) | −$176.0M | $41.5M | $41.2M |
| Total costs (Costs and Expenses, Total) | $4.4B | $4.0B | $4.0B |
| Profit from the main business (operating income) (Operating Income (Loss), Total) | $1.4B | $1.1B | $1.2B |
| Other item (Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity) | $55.0M | $36.8M | $32.2M |
| Other income and costs (Other Nonoperating Income (Expense)) | −$66.3M | −$123.3M | −$161.0M |
| Other income and costs (Nonoperating Income (Expense), Total) | $454.6M | $375.4M | $264.7M |
| Interest paid on debt (Interest Expense, Debt) | $489.0M | $403.5M | $375.3M |
| Other item (Public Utilities, Allowance for Funds Used During Construction, Additions) | $21.1M | $12.3M | $15.0M |
| Interest paid on debt (Interest Expense, Nonoperating) | $467.9M | $391.2M | $360.3M |
| Profit before tax (Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total) | $1.4B | $1.1B | $1.1B |
| Income tax (Income Tax Expense (Benefit)) | $237.8M | $225.4M | −$205.8M |
| Profit (net income) (Net Income (Loss)) | $1.1B | $887.6M | $1.3B |
| Profit, including partners' share (Net Income (Loss), Including Portion Attributable to Noncontrolling Interest) | $1.1B | $890.8M | $1.3B |
| Profit belonging to partners (non-controlling interest) (Net Income (Loss) Attributable to Noncontrolling Interest) | $3.0M | $3.1M | $3.0M |
| Entergy Louisiana | Affiliated Entity | |||
| Sales (Revenues) | $386.5M | $312.8M | $317.6M |
| Total costs (Costs and Expenses, Total) | $639.6M | $649.3M | $719.8M |
| Investments (Investment Income, Net) | $299.1M | $315.4M | $303.2M |
| Entergy Louisiana | Nonrelated Party | |||
| Investments (Investment Income, Net) | $166.8M | $146.5M | $90.3M |
| Entergy Louisiana | Electricity, US Regulated | |||
| Sales (Revenues) | $5.7B | $5.1B | $5.1B |
| Entergy Louisiana | Natural Gas, US Regulated | |||
| Sales (Revenues) | $44.3M | $75.9M | $74.5M |
| Entergy Mississippi | |||
| Sales (Revenues) | $2.0B | $1.8B | $1.8B |
| Other item (Utilities Operating Expense, Fuel Used) | $165.6M | $270.0M | $563.3M |
| Other item (Utilities Operating Expense, Purchased Power) | $374.7M | $273.6M | $281.8M |
| Other item (Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses) | $371.1M | $315.7M | $320.2M |
| Other item (Taxes, Other) | $181.2M | $166.2M | $150.9M |
| Wear and tear (depreciation and amortization) (Cost, Depreciation and Amortization) | $273.3M | $270.5M | $262.6M |
| Other item (Other Regulatory Charges (Credits) - Net) | $73.1M | $36.7M | −$111.4M |
| Total costs (Costs and Expenses, Total) | $1.4B | $1.3B | $1.5B |
| Profit from the main business (operating income) (Operating Income (Loss), Total) | $516.7M | $431.9M | $335.1M |
| Other item (Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity) | $9.4M | $9.1M | $8.6M |
| Investments (Investment Income, Net) | $18.0M | $3.2M | $2.3M |
| Other income and costs (Other Nonoperating Income (Expense)) | $4.0M | −$11.2M | −$13.2M |
| Other income and costs (Nonoperating Income (Expense), Total) | $31.4M | $1.2M | −$2.4M |
| Interest paid on debt (Interest Expense, Debt) | $147.9M | $110.9M | $99.9M |
| Other item (Public Utilities, Allowance for Funds Used During Construction, Additions) | $3.6M | $3.5M | $3.5M |
| Interest paid on debt (Interest Expense, Nonoperating) | $144.3M | $107.4M | $96.4M |
| Profit before tax (Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total) | $403.8M | $325.7M | $236.3M |
| Income tax (Income Tax Expense (Benefit)) | $95.1M | $80.3M | $54.4M |
| Profit (net income) (Net Income (Loss)) | $311.9M | $256.0M | $192.3M |
| Profit, including partners' share (Net Income (Loss), Including Portion Attributable to Noncontrolling Interest) | $308.7M | $245.4M | $182.0M |
| Profit belonging to partners (non-controlling interest) (Net Income (Loss) Attributable to Noncontrolling Interest) | −$3.1M | −$10.6M | −$10.3M |
| Entergy Mississippi | Affiliated Entity | |||
| Sales (Revenues) | $1.0M | $1.0M | $1.0M |
| Total costs (Costs and Expenses, Total) | $434.4M | $339.6M | $345.2M |
| Investments (Investment Income, Net) | $2.9M | $400.0K | $200.0K |
| Entergy Mississippi | Electricity, US Regulated | |||
| Sales (Revenues) | $2.0B | $1.8B | $1.8B |
| Entergy New Orleans | |||
| Sales (Revenues) | $772.2M | $810.6M | $843.9M |
| Other item (Utilities Operating Expense, Fuel Used) | $92.6M | $99.1M | $122.4M |
| Other item (Utilities Operating Expense, Purchased Power) | $271.2M | $252.9M | $268.5M |
| Other item (Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses) | $157.4M | $172.1M | $167.7M |
| Write-down of asset values (impairment) (Asset Impairment Charges) | $12.8M | $0 | $0 |
| Other item (Taxes, Other) | $57.3M | $60.5M | $63.0M |
| Wear and tear (depreciation and amortization) (Cost, Depreciation and Amortization) | $81.8M | $84.9M | $81.3M |
| Other item (Other Regulatory Charges (Credits) - Net) | −$12.7M | $85.1M | $69.2M |
| Total costs (Costs and Expenses, Total) | $660.5M | $754.6M | $772.1M |
| Profit from the main business (operating income) (Operating Income (Loss), Total) | $111.8M | $56.0M | $71.9M |
| Other item (Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity) | $1.9M | $2.1M | $1.5M |
| Investments (Investment Income, Net) | $2.6M | $2.1M | $7.2M |
| Other income and costs (Other Nonoperating Income (Expense)) | −$3.7M | −$115.0K | −$4.1M |
| Other income and costs (Nonoperating Income (Expense), Total) | $812.0K | $4.1M | $4.5M |
| Interest paid on debt (Interest Expense, Debt) | $47.3M | $42.3M | $38.1M |
| Other item (Public Utilities, Allowance for Funds Used During Construction, Additions) | $1.0M | $883.0K | $714.0K |
| Interest paid on debt (Interest Expense, Nonoperating) | $46.3M | $41.5M | $37.4M |
| Profit before tax (Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total) | $66.3M | $18.7M | $39.0M |
| Income tax (Income Tax Expense (Benefit)) | $15.9M | $2.8M | −$190.0M |
| Profit, including partners' share (Net Income (Loss), Including Portion Attributable to Noncontrolling Interest) | $50.4M | $15.8M | $228.9M |
| Entergy New Orleans | Affiliated Entity | |||
| Sales (Revenues) | $400.0K | $0 | $0 |
| Total costs (Costs and Expenses, Total) | $294.0M | $293.9M | $302.5M |
| Investments (Investment Income, Net) | $300.0K | $200.0K | $1.0M |
| Entergy New Orleans | Electricity, US Regulated | |||
| Sales (Revenues) | $703.9M | $708.4M | $738.0M |
| Entergy New Orleans | Natural Gas, US Regulated | |||
| Sales (Revenues) | $68.3M | $102.2M | $106.0M |
| Entergy Texas | |||
| Sales (Revenues) | $2.1B | $2.1B | $2.0B |
| Other item (Utilities Operating Expense, Fuel Used) | $351.6M | $482.5M | $403.1M |
| Other item (Utilities Operating Expense, Purchased Power) | $497.1M | $373.0M | $468.5M |
| Other item (Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses) | $359.8M | $341.0M | $323.8M |
| Other item (Taxes, Other) | $120.9M | $102.0M | $117.9M |
| Wear and tear (depreciation and amortization) (Cost, Depreciation and Amortization) | $325.2M | $338.9M | $278.3M |
| Other item (Other Regulatory Charges (Credits) - Net) | $13.7M | −$13.9M | $7.3M |
| Total costs (Costs and Expenses, Total) | $1.7B | $1.6B | $1.6B |
| Profit from the main business (operating income) (Operating Income (Loss), Total) | $459.3M | $426.7M | $429.7M |
| Other item (Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity) | $81.8M | $47.8M | $28.2M |
| Investments (Investment Income, Net) | $6.0M | $15.1M | $11.1M |
| Other income and costs (Other Nonoperating Income (Expense)) | −$8.8M | −$11.1M | −$10.4M |
| Other income and costs (Nonoperating Income (Expense), Total) | $78.9M | $51.8M | $28.9M |
| Interest paid on debt (Interest Expense, Debt) | $173.6M | $137.8M | $115.0M |
| Other item (Public Utilities, Allowance for Funds Used During Construction, Additions) | $34.8M | $18.6M | $10.5M |
| Interest paid on debt (Interest Expense, Nonoperating) | $138.7M | $119.2M | $104.4M |
| Profit before tax (Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total) | $399.4M | $359.3M | $354.1M |
| Income tax (Income Tax Expense (Benefit)) | $65.4M | $65.7M | $62.9M |
| Profit, including partners' share (Net Income (Loss), Including Portion Attributable to Noncontrolling Interest) | $334.1M | $293.6M | $291.3M |
| Dividends (Preferred Stock Dividends, Income Statement Impact) | $2.1M | $2.1M | $2.1M |
| Profit for ordinary shareholders (Net Income (Loss) Available to Common Stockholders, Basic, Total) | $332.0M | $291.6M | $289.2M |
| Entergy Texas | Affiliated Entity | |||
| Sales (Revenues) | $0 | $0 | $700.0K |
| Total costs (Costs and Expenses, Total) | $313.7M | $319.4M | $316.8M |
| Investments (Investment Income, Net) | $700.0K | $2.7M | $1.8M |
| Entergy Texas | Electricity, US Regulated | |||
| Sales (Revenues) | $2.1B | $2.1B | $2.0B |
| System Energy | |||
| Sales (Revenues) | $581.5M | $585.0M | $586.6M |
| Other item (Utilities Operating Expense, Fuel Used) | $64.5M | $62.4M | $71.8M |
| Other item (Nuclear Refueling Outage Expenses) | $16.6M | $19.2M | $26.7M |
| Other item (Utilities Operating Expense, Maintenance, Operations, and Other Costs and Expenses) | $189.6M | $192.3M | $207.8M |
| Other item (Accretion Expense, Including Asset Retirement Obligations) | $45.3M | $43.5M | $41.8M |
| Other item (Taxes, Other) | $26.9M | $27.3M | $29.2M |
| Wear and tear (depreciation and amortization) (Cost, Depreciation and Amortization) | $123.8M | $121.4M | $90.9M |
| Other item (Other Regulatory Charges (Credits) - Net) | $2.5M | −$2.8M | −$57.4M |
| Total costs (Costs and Expenses, Total) | $469.2M | $463.2M | $410.7M |
| Profit from the main business (operating income) (Operating Income (Loss), Total) | $112.3M | $121.8M | $175.9M |
| Other item (Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity) | $8.3M | $7.6M | $7.5M |
| Investments (Investment Income, Net) | $55.0M | $48.0M | $13.1M |
| Other income and costs (Other Nonoperating Income (Expense)) | $106.0K | $672.0K | −$9.1M |
| Other income and costs (Nonoperating Income (Expense), Total) | $63.4M | $56.3M | $11.6M |
| Interest paid on debt (Interest Expense, Debt) | $72.1M | $48.1M | $48.4M |
| Other item (Public Utilities, Allowance for Funds Used During Construction, Additions) | $4.1M | $3.0M | $1.8M |
| Interest paid on debt (Interest Expense, Nonoperating) | $68.1M | $45.1M | $46.7M |
| Profit before tax (Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total) | $107.7M | $133.0M | $140.8M |
| Income tax (Income Tax Expense (Benefit)) | $19.6M | $29.5M | $32.0M |
| Profit, including partners' share (Net Income (Loss), Including Portion Attributable to Noncontrolling Interest) | $88.1M | $103.5M | $108.8M |
| System Energy | Affiliated Entity | |||
| Sales (Revenues) | $581.4M | $583.3M | $588.4M |
| Total costs (Costs and Expenses, Total) | $146.8M | $166.6M | $179.0M |
| Investments (Investment Income, Net) | $500.0K | $800.0K | $600.0K |
Every line as the company filed it (USD ($), $ in Thousands), shown in full dollars. See this statement on SEC.
Extra: What other gains and losses were there?Statement of comprehensive income: Profit, plus gains and losses that skip the income statement.
Some value changes don't count as profit yet: currency moves on businesses abroad, rises or falls in investments it hasn't sold, and some hedges and pension changes. They are added to profit here to give comprehensive income, and they build up in shareholders' equity.
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| $1.8B | $1.1B | $2.4B | |
| Other Comprehensive Income (Loss), Net of Tax | |||
| −$45.8M | $205.2M | $29.3M | |
| −$45.8M | $205.2M | $29.3M | |
| $1.7B | $1.3B | $2.4B | |
| $15.1M | $5.6M | $5.8M | |
| $1.7B | $1.3B | $2.4B | |
Split by Entergy Louisiana
| Entergy Louisiana | |||
|---|---|---|---|
| Profit, including partners' share (Net Income (Loss), Including Portion Attributable to Noncontrolling Interest) | $1.1B | $890.8M | $1.3B |
| Pension plan adjustments (Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax) | −$19.7M | −$1.1M | −$572.0K |
| Other gains and losses not in profit (other comprehensive income) (Other Comprehensive Income (Loss), Net of Tax, Total) | −$19.7M | −$1.1M | −$572.0K |
| Partners' share (non-controlling interest) (Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest, Total) | $1.1B | $889.6M | $1.3B |
| Profit belonging to partners (non-controlling interest) (Net Income (Loss) Attributable to Noncontrolling Interest) | $3.0M | $3.1M | $3.0M |
| Profit plus other gains and losses (comprehensive income) (Comprehensive Income (Loss), Net of Tax, Attributable to Parent, Total) | $1.1B | $886.5M | $1.3B |