Company affirms guidance and financial outlooks, expects results in top half of ranges
NEW ORLEANS – Entergy Corporation (NYSE: ETR) reported a second quarter 2021 loss per share of (3) cents on an as-reported basis and earnings per share of $1.34 on an adjusted basis (non-GAAP). The as-reported loss included an impairment of $340 million ($268 million net-of-tax) resulting from the sale of Indian Point Energy Center.
“We executed on key deliverables and achieved solid second quarter results,” said Entergy Chairman and Chief Executive Officer Leo Denault. “Our multi-year efforts to de-risk our business, as recently recognized by Moody’s, have unlocked greater financial flexibility, which helps us manage risks and lower our equity needs. As a result, we expect to achieve results in the upper half of guidance and outlook ranges. Our underlying growth outlook is driven by investments that will improve customer outcomes, including those that will provide clean, sustainable energy.”
Business highlights included the following:
The Arkansas Public Service Commission approved Entergy Arkansas’ Walnut Bend Solar project.
Entergy Texas began the process to seek approval to construct hydrogen-capable Orange County Advanced Power Station.
The Mississippi Public Service Commission approved Entergy Mississippi’s annual FRP filing.
Entergy Arkansas, Entergy Louisiana, and Entergy New Orleans each submitted their annual FRP filings.
Entergy New Orleans’ Green Power Option achieved Green-e® Energy Certification by the Center for Resource Solutions.
Entergy completed the sale of Indian Point.
EEI announced Entergy Corporation as a recipient of three EEI emergency response awards.
For the sixth consecutive year, Entergy was named to The Civic 50, a Points of