Company affirms guidance and financial outlooks 
NEW ORLEANS – Entergy Corporation (NYSE: ETR) reported first quarter 2022 earnings per share of $1.36 on an as-reported basis and $1.32 on an adjusted basis (non-GAAP). 
“We had a strong start for 2022 and continued to make important operational, strategic, and financial progress across the business,” said Leo Denault, Entergy Chairman and Chief Executive Officer. “With favorable weather and higher-than-planned retail sales, we are ahead of schedule and solidly on track to achieve our 2022 objectives.”
Business highlights included the following:

E-LA completed an $86M transmission upgrade in Lafourche Parish, improving the resilience and reliability of the local power grid.
E-LA completed a $100M transmission improvement project in north Louisiana that will increase resilience and reliability and provide economic benefits.
E-TX selected several resources from its 2021 solar RFP totaling at least 400 megawatts of capacity.
E-AR filed for approval of a new 250-megawatt solar facility, Driver Solar.
E-AR and E-LA announced their intent to issue RFPs totaling 2,000 megawatts of renewable resources.
E-TX issued securitization bonds, completing recovery of its 2020 storm costs.
The LPSC approved cost recovery and financing for E-LA’s 2020 storms, including a $290 million storm reserve as well as $1 billion escrow designated for Hurricane Ida costs.
E-NO submitted a filing seeking approval to issue $150M in securitized bonds to replenish its storm escrow.
E-MS filed its annual FRP.

Consolidated earnings (GAAP and non-GAAP Measures)

First quarter 2022 vs. 2021 (See Appendix A for reconciliation of GAAP to non-GAAP measures and description of adjustments)

 

First quarter

 

2022

2021

Change

(After-tax, $ in millions)

 

 

 

As-reported earnings

276

335

(58)

Less adjustments

7

38

(30)

Adjusted earnings (non-GAAP)

269

297

(28)

 

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