NEW ORLEANS - Entergy Corporation (NYSE: NYSE:ETR) disclosed its fourth quarter financial performance, posting adjusted earnings per share (EPS) of $0.52, surpassing the analyst consensus by $0.03.
Entergy's FY2024 EPS guidance is set between $7.05 and $7.35. When compared to the analyst consensus of $7.20, the midpoint of the guidance, $7.20, aligns precisely with market expectations.
Drew Marsh, Entergy's Chair and CEO, reflected on the past year, highlighting the company's operational successes, "2023 was a year of successful execution to support our customers," he said. "We delivered meaningful outcomes that included our best forced outage rates in a decade, a system that withstood record summer demand, as well as timely delivery of new service and clean energy options to support our rapidly growing customer base."
For the full year, Entergy reported 2023 earnings of $11.10 per share on an as-reported basis and $6.77 per share on an adjusted basis. This performance marks an improvement from 2022's earnings of $5.37 per share on an as-reported basis and $6.42 per share on an adjusted basis.
The company's achievements during the year included legislative approval in Mississippi for a significant Amazon (NASDAQ:AMZN) Web Services data center project, the addition of renewable capacity through solar facilities in Louisiana, and recognition for sustainability efforts, being named to a Dow Jones Sustainability Index for the 22nd consecutive year.
Entergy's forward-looking strategy involves continued investment in the reliability and resilience of the energy system while facilitating the region's transition to cleaner and more efficient energy solutions. With a history of over 100 years in the community, Entergy remains a prominent figure in the energy sector, employing approximately 12,000 individuals.
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