Jul 29, 2026 earnings call — Data center growth and resilience investments
Reported adjusted EPS of $1.03 and reaffirmed 2026 adjusted EPS guidance and outlooks through 2030.
Revenue $3.5B (est $3.5B) · EPS $1.03 (est $1.01)
Key quotes
"Starting with our first data center agreement in 2024, we partnered with our elected leaders and our hyperscale customers to ensure that data centers pay the full cost to serve them and their fair share of fixed costs."
"Since the program began just 5 years ago, we have avoided more than 700 thousand+ customer interruptions and an estimated 80 million outage minutes."
"We are affirming our 2026 adjusted EPS guidance and our outlooks through 2030."
Analyst Q&A 6
new nuclear plans in Louisiana
Q (Shar Pourreza · Wells Fargo): Analyst asked if Entergy is participating in federal and state efforts on new nuclear deployment and whether support from regulators, federal government, and hyperscalers is improving. He also asked timing for any update and about the likelihood of extending Louisiana's formula rate plan (FRP) vs alternatives.
A: Management said they are in conversations with the state and welcome DOE progress, but deployment still must be customer-led and risks to customers and balance sheets must be managed. They said they are making progress but have no firm timeline. On the FRP, they expect extension based on past history but must work with regulators and staff.
"I think you know, our perspective on new nuclear deployment remains where it was at investor day." — Andrew S. Marsh (CEO·CHAIR)
data center potential in Mississippi and Louisiana
Q (Jeremy Tonet · JPMorgan): Analyst asked for an update on incremental data center expansions in Mississippi and how large the opportunity in Louisiana could be, including Meta's possible 12 gigawatts.
A: Management said conversations in Mississippi are very active and the state remains receptive, but they have no specific updates or details to share. On Louisiana and Meta, they said they cannot speak to Meta's appetite and are not yet ready to change their 7 to 12 gigawatt range.
"But we do not have any specific updates or details that we could give you at this time." — Andrew S. Marsh (CEO·CHAIR)
customer interest and Cottonwood plant
Q (Paul Zimbardo · Jefferies): Analyst wanted quantification of increased interest since Investor Day and asked about options to reduce customer bill impact from Cottonwood, including alternate configurations with large customers.
A: Management said most interest is in their existing three jurisdictions and the queue is much larger than their 7 to 12 gigawatt expectation; however, much of it is still indications of interest rather than firm proposals. On Cottonwood, they said the plant is the most economic near-term option to serve growing non-data-center loads and they are working with stakeholders to mitigate upfront bill impacts through the normal regulatory process.
"it is more like indications of interest, I would say, at this point rather than full fledged proposals that are kind of ready to go." — Andrew S. Marsh (CEO·CHAIR)
Meta docket and resilience filing
Q (Truist): Analyst asked how Entergy is thinking about the regulatory process and possible settlement path for the Meta expansion docket after recent political developments, and asked about goals of the accelerated resilience filing Phase 1A versus Phase 2.
A: Management said the Meta project is bringing substantial benefits and that the fair share plus pledge provisions are central to the regulatory discussions about costs and tariffs. On resilience, they said the filing is meant to stage work to manage near-term bill affordability while making long-term investments for reliability and resilience.
"The principles associated with the fair share plus pledge are the primary things that should help out a lot with that." — Andrew S. Marsh (CEO·CHAIR)
local opposition and hyperscaler role
Q (Andrew Weisel · Scotiabank): Analyst asked whether Entergy is seeing local pushback (NIMBY) to data centers, where this is happening, and how they work with hyperscalers and other stakeholders. He also asked whether hyperscalers contribute to resilience work.
A: Management said they see strong support overall but acknowledged pockets of concern, giving New Orleans' moratorium as an example and describing a process of working with stakeholders to address concerns. They said hyperscalers support resilience indirectly as full tariff customers who help pick up securitization and other charges, and their infrastructure investments can make the grid more resilient.
"We see a lot of support in our jurisdictions, but there are pockets where there are concerns and certainly those have popped up in various places." — Andrew S. Marsh (CEO·CHAIR)
plant island equipment and transmission planning
Q (Stephen D’Ambrisi · RBC): Analyst asked whether Entergy has added more Power Island equipment exclusivity slots since the Analyst Day and whether they would seek larger exclusivity agreements into the 2035 period. He also asked about Entergy's participation in MISO's futures process in the Southeast.
A: Management said there has been no change this quarter to turbines or plant island equipment in the queue, but they continue to monitor opportunities and stay ahead of demand; they cited about 7.5 gigawatts of plant island equipment in the low end of a 10 to 17 gigawatt opportunity. On transmission and MISO, they said they are already building over 1 thousand miles of transmission to serve customers and are working with MISO on load pockets in the southern part of their system.
"As you pointed out, we have about 7.5 gigawatts of plant island equipment, which is in the low end of our 10 to 17 gigawatt opportunity that we have out there." — Kimberly A. Fontan (CFO)