Financial Analysis

COMMITMENTS AND CONTINGENCIES (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Entergy and the Registrant Subsidiaries are involved in a number of legal, regulatory, and tax proceedings before various courts, regulatory authorities, and governmental agencies in the ordinary course of business. While management is unable to predict with certainty the outcome of such proceedings, management does not believe that the ultimate resolution of these matters will have a material adverse effect on Entergys results of operations, cash flows, or financial condition. Entergy discusses regulatory proceedings in Note 2 to the financial statements and discusses tax proceedings in Note 3 to the financial statements. Vidalia Purchased Power Agreement Entergy Louisiana has an agreement extending through the year 2031 to purchase energy generated by a hydroelectric facility known as the Vidalia project. Entergy Louisiana made payments under the contract of approximately $125.3 million in 2025, $116.8 million in 2024, and $100.4 million in 2023. If the maximum percentage (94%) of the energy is made available to Entergy Louisiana, current production projections would require estimated payments of approximately $122.0 million in 2026 and a total of $610.6 million for the years 2027 through 2031. Entergy Louisiana currently recovers the costs of the purchased energy through its fuel adjustment clause. In an LPSC-a …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

REVOLVING CREDIT FACILITIES, LINES OF CREDIT, AND SHORT-TERM BORROWINGS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Entergy Corporation has in place a credit facility that has a borrowing capacity of $3 billion and expires in June 2030. The facility includes fronting commitments for the issuance of letters of credit against $20 million of the total borrowing capacity of the credit facility. The commitment fee is currently 0.225% of the undrawn commitment amount. Commitment fees and interest rates on loans under the credit facility can fluctuate depending on the senior unsecured debt ratings of Entergy Corporation. Although there were no borrowings under the facility for the year ended December 31, 2025, the estimated interest rate for the year ended December 31, 2025 that would have been applied to outstanding borrowings under the facility was 5.32%. The following is a summary of the amounts outstanding and capacity available under the credit facility as of December 31, 2025: Capacity Borrowings Letters of Credit Capacity Available (In Millions) $3,000 $ $3 $2,997 Entergy Corporations credit facility includes a covenant requiring Entergy to maintain a consolidated debt ratio, as defined, of 65% or less of its total capitalization. Entergy is in compliance with this covenant. If Entergy fails to meet this ratio, or if Entergy Corporation or one of the Registrant Subsidiaries (except Ente …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Entergys total revenues for the years ended December 31, 2025, 2024, and 2023 were as follows: 2025 2024 2023 (In Thousands) Utility: Residential $4,819,531 $4,509,553 $4,552,804 Commercial 3,113,791 2,952,398 2,997,888 Industrial 3,602,300 3,197,835 3,170,090 Governmental 276,145 268,222 270,640 Total billed retail 11,811,767 10,928,008 10,991,422 Sales for resale (a) 397,507 278,700 366,348 Other electric revenues (b) 518,746 360,949 352,056 Revenues from contracts with customers 12,728,020 11,567,657 11,709,826 Other Utility revenues (c) 47,294 60,075 132,628 Electric revenues 12,775,314 11,627,732 11,842,454 Natural gas revenues 112,607 178,070 180,490 Other revenues (d) 58,765 73,851 124,468 Total operating revenues $12,946,686 $11,879,653 $12,147,412 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

STOCK-BASED COMPENSATION (Entergy Corporation) Entergy grants stock options, restricted stock, performance units, and restricted stock units to key employees of the Entergy subsidiaries under its equity plans which are shareholder-approved stock-based compensation plans. The cost of the stock-based compensation is charged to income over the vesting period. Awards under Entergys plans generally vest over three years. Entergy accounts for forfeitures of stock-based compensation when they occur. Entergy recognizes all income tax effects related to share-based payments through the income statement. Effective May 3, 2019, Entergys shareholders approved the 2019 Omnibus Incentive Plan (2019 Plan). The maximum number of common shares that can be issued from the 2019 Plan for stock-based awards is 24,400,000 all of which are available for incentive stock option grants. The 2019 Plan applies to awards granted on or after May 3, 2019 and awards expire ten years from the date of grant. As of December 31, 2025, there were 12,559,567 authorized shares remaining for stock-based awards. Stock Options Stock options are granted at exercise prices that equal the closing market price of Entergy Corporation common stock on the date of grant. Generally, stock options granted will become exercisable in equal amounts on each of the first three anniversaries of the date of grant. Unless they are forfeited previously under the terms of the grant, options expire 10 years after the date of the grant if …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

INCOME TAXES (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Income taxes for Entergy for 2025, 2024, and 2023 consist of the following: 2025 2024 2023 (In Thousands) Current Federal $3,427 $66,708 $60,639 State 6,890 44,956 23,014 Total 10,317 111,664 83,653 Deferred and non-current - net Federal 408,851 136,671 (815,222) State 85,757 144,519 46,281 Total 494,608 281,190 (768,941) Investment tax credits - net Federal (6,452) (10,178) (4,852) State (521) (1,649) (395) Total (6,973) (11,827) (5,247) Income taxes $497,952 $381,027 ($690,535) State income taxes are accrued primarily in the states in which the Registrant Subsidiaries operate, which includes Arkansas, Louisiana, Mississippi, and Texas. Income taxes for the Registrant Subsidiaries for 2025, 2024, and 2023 consist of the following: 2025 Entergy Arkansas Entergy Louisiana Entergy Mississippi Entergy New Orleans Entergy Texas System Energy (In Thousands) Current Federal ($21,471) ($104,215) $49,157 $18,671 $4,479 ($3,190) State (4,595) (2,779) 8,905 3,169 3,442 (3,115) Total (26,066) (106,994) 58,062 21,840 7,921 (6,305) Deferred and non-current - net Federal 117,798 297,466 26,320 (3,398) 58,464 18,485 State 17,379 51,897 10,991 (2,387) (252) 7,339 Total 135,177 349,363 37,311 (5,785) 58,212 25,824 Investment tax credits - net Federal (1,231) (4,556) (76) (200) (767) 381 State (196) (325) Total (1,231) (4,556) (272) (200) (767) 56 …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

LONG - TERM DEBT (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Long-term debt for Entergy as of December 31, 2025 and 2024 consisted of: Type of Debt and Maturity Weighted-Average Interest Rate December 31, 2025 Interest Rate Ranges at December 31, Outstanding at December 31, 2025 2024 2025 2024 (In Thousands) Mortgage Bonds 2025-2029 3.72% 1.50% - 6.25% 1.50% - 6.25% $4,025,000 $4,603,000 2030-2034 4.40% 1.60% - 6.54% 1.60% - 6.54% 6,405,000 5,865,000 2035-2045 4.57% 3.10% - 5.15% 3.10% - 5.15% 2,707,000 2,207,000 2048-2066 4.64% 2.65% - 5.85% 2.65% - 5.85% 10,335,000 8,985,000 Governmental Bonds (a) 2030-2044 2.43% 2.0% - 2.5% 2.0% - 2.5% 282,375 282,375 Securitization Bonds 2028-2036 3.67% 3.051% - 3.697% 3.051% - 3.697% 223,577 242,424 Variable Interest Entities Notes Payable (Note 4) 2026-2029 3.85% 1.84% - 5.94% 1.84% - 5.94% 390,000 390,000 Entergy Corporation Senior Notes due September 2025 n/a 0.90% 800,000 due September 2026 n/a 2.95% 2.95% 750,000 750,000 due June 2028 n/a 1.9% 1.9% 650,000 650,000 due June 2030 n/a 2.80% 2.80% 600,000 600,000 due June 2031 n/a 2.40% 2.40% 650,000 650,000 due June 2050 n/a 3.75% 3.75% 600,000 600,000 Entergy Corporation Junior Subordinated Debentures due December 2054 (b) n/a 7.125% 7.125% 1,200,000 1,200,000 due June 2056 (c) n/a 6.100% 700,000 due June 2056 (d) n/a 5.875% 600,000 Entergy Arkansas VIE Credit Facility (Note 4) n/a 5.34% 6.28% 1 …

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New Accounting Pronouncements The accounting standard-setting process is ongoing, and the FASB is currently working on several projects that have not yet resulted in final pronouncements. Final pronouncements that result from these projects could have a material effect on Entergys future results of operations, financial positions, or cash flows. In March 2024 the SEC issued final rules that require registrants to provide certain climate-related disclosures in annual reports and registration statements in order to enhance and standardize climate-related disclosures for investors. The final rules require a registrant to disclose, among other things: material climate-related risks; activities to mitigate or adapt to such risks; information about the registrants board of directors oversight of climate-related risks and managements role in managing material climate-related risks; and information on any climate-related targets or goals that are material to the registrants business, results of operations, or financial condition. In addition, the final rules require disclosure of Scope 1 and/or Scope 2 greenhouse gas emissions on a phased-in basis by certain larger registrants when those emissions are material; the filing of an attestation report covering the required disclosure of such registrants Scope 1 and/or Scope 2 emissions, also on a phased-in basis; and disclosure of the financial statement effects of severe weather events and other natural conditions. The final rules provid …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

RETIREMENT, OTHER POSTRETIREMENT BENEFITS, AND DEFINED CONTRIBUTION PLANS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Qualified Pension Plans Entergy has defined benefit qualified pension plans, including the Entergy Corporation Retirement Plan for Non-Bargaining Employees (Non-Bargaining Plan I), the Entergy Corporation Retirement Plan for Bargaining Employees (Bargaining Plan I), the Entergy Corporation Retirement Plan II for Non-Bargaining Employees (Non-Bargaining Plan II), the Entergy Corporation Retirement Plan II for Bargaining Employees (Bargaining Plan II), the Entergy Corporation Retirement Plan III (Plan III), the Entergy Corporation Retirement Plan IV for Bargaining Employees, Entergy Corporation Retirement Plan VI for Non-Bargaining Employees (Non-Bargaining Plan VI), and the Entergy Corporation Retirement Plan VI for Bargaining Employees (Bargaining Plan VI). The Entergy Corporation Cash Balance Plan for Non-Bargaining Employees (Non-Bargaining Cash Balance Plan) was merged with and into Non-Bargaining Plan I effective January 1, 2022. The Entergy Corporation Cash Balance Plan for Bargaining Employees (Bargaining Cash Balance Plan) was merged with and into Bargaining Plan I effective January 1, 2025. Effective January 1, 2024, Non-Bargaining Plan I was amended to spin-off predominately inactive participants into a new qualified pension plan, Non-Bargaining Plan VI. Effecti …

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REVENUE (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Revenues from electric service and the sale of natural gas are recognized when services are transferred to the customer in an amount equal to what Entergy has the right to bill the customer because this amount represents the value of services provided to customers. Entergys total revenues for the years ended December 31, 2025, 2024, and 2023 were as follows: 2025 2024 2023 (In Thousands) Utility: Residential $4,819,531 $4,509,553 $4,552,804 Commercial 3,113,791 2,952,398 2,997,888 Industrial 3,602,300 3,197,835 3,170,090 Governmental 276,145 268,222 270,640 Total billed retail 11,811,767 10,928,008 10,991,422 Sales for resale (a) 397,507 278,700 366,348 Other electric revenues (b) 518,746 360,949 352,056 Revenues from contracts with customers 12,728,020 11,567,657 11,709,826 Other Utility revenues (c) 47,294 60,075 132,628 Electric revenues 12,775,314 11,627,732 11,842,454 Natural gas revenues 112,607 178,070 180,490 Other revenues (d) 58,765 73,851 124,468 Total operating revenues $12,946,686 $11,879,653 $12,147,412 The Utility operating companies total revenues for the year ended December 31, 2025 were as follows: 2025 Entergy Arkansas Entergy Louisiana Entergy Mississippi Entergy New Orleans Entergy Texas (In Thousands) Residential $1,064,749 $1,694,005 $774,235 $311,872 $974,670 Commercial 597,511 1,195,517 609,578 221,835 489,350 …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Entergy has a single reportable segment, Utility, which includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and included operation of a small natural gas distribution business in portions of Louisiana through June 30, 2025. See Note 14 to the financial statements for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025. Revenue for the Utility segment is primarily derived from retail electric sales. The accounting policies of the Utility segment are the same as those described in Note 1 to the financial statements. The Utility segment reflects managements primary basis of organization with a predominant focus on its utility operations in the Gulf South. Entergys chief operating decision maker is its chief executive officer. The chief operating decision maker uses Utility net income in the annual planning process and to monitor budget versus actual results on a monthly basis in assessing financial performance and in determining how to allocate resources. Parent & Other includes the parent company, Entergy Corporation, and other business activity, including Entergys non-utility operations business, which is an operating se …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) The accompanying consolidated financial statements include the accounts of Entergy Corporation and its subsidiaries. As required by GAAP in the United States of America, all intercompany transactions have been eliminated in the consolidated financial statements. Entergys Registrant Subsidiaries (Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) also include their separate financial statements in this Form 10-K. Certain previously reported amounts in the financial statements have been reclassified to conform to current classification, with no effect on results of operations, financial positions, or cash flows. The Registrant Subsidiaries and many other Entergy subsidiaries also maintain accounts in accordance with FERC and other regulatory guidelines. Use of Estimates in the Preparation of Financial Statements In conformity with GAAP in the United States of America, the preparation of Entergy Corporations consolidated financial statements and the separate financial statements of the Registrant Subsidiaries requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses, and the disclosure of contingent assets and liabilities. Adjustments to the reported amounts of assets …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

COMMITMENTS AND CONTINGENCIES (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Entergy and the Registrant Subsidiaries are involved in a number of legal, regulatory, and tax proceedings before various courts, regulatory authorities, and governmental agencies in the ordinary course of business. While management is unable to predict with certainty the outcome of such proceedings, management does not believe that the ultimate resolution of these matters will have a material adverse effect on Entergys results of operations, cash flows, or financial condition, except as otherwise discussed in the Form 10-K or in this report. Entergy discusses regulatory proceedings in Note 2 to the financial statements in the Form 10-K and herein and discusses tax proceedings in Note 3 to the financial statements in the Form 10-K and Note 10 to the financial statements herein. Vidalia Purchased Power Agreement See Note 8 to the financial statements in the Form 10-K for information on Entergy Louisianas Vidalia purchased power agreement. Spent Nuclear Fuel Litigation See Note 8 to the financial statements in the Form 10-K for information on Entergys spent nuclear fuel litigation. Nuclear Insurance See Note 8 to the financial statements in the Form 10-K for information on nuclear liability and property insurance associated with Entergys nuclear power plants. Non-Nuclear Property Insurance See Note 8 to the financia …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

REVOLVING CREDIT FACILITIES, LINES OF CREDIT, SHORT-TERM BORROWINGS, AND LONG-TERM DEBT (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Entergy Corporation has in place a credit facility that has a borrowing capacity of $3 billion and expires in June 2031. The facility includes fronting commitments for the issuance of letters of credit against $20 million of the total borrowing capacity of the credit facility. The commitment fee is currently 0.225% of the undrawn commitment amount. Commitment fees and interest rates on loans under the credit facility can fluctuate depending on the senior unsecured debt ratings of Entergy Corporation. Although there were no borrowings under the facility for the six months ended June 30, 2026, the estimated interest rate as of June 30, 2026 that would have been applied to outstanding borrowings under the facility was 5.14%. The following is a summary of the amounts outstanding and capacity available under the credit facility as of June 30, 2026: Capacity Borrowings Letters of Credit Capacity Available (In Millions) $3,000 $ $3 $2,997 Entergy Corporations credit facility includes a covenant requiring Entergy to maintain a consolidated debt ratio, as defined, of 65% or less of its total capitalization. Entergy is in compliance with this covenant. If Entergy fails to meet this ratio, or if Entergy Corporation or one of the Registrant Subsidiaries (except Entergy …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Entergys total revenues for the three months ended June 30, 2026 and 2025 were as follows: 2026 2025 (In Thousands) Utility: Residential $1,154,074 $1,091,035 Commercial 822,850 771,097 Industrial 1,068,589 945,901 Governmental 73,822 70,623 Total billed retail 3,119,335 2,878,656 Sales for resale (a) 96,041 146,457 Other electric revenues (b) 289,968 246,674 Revenues from contracts with customers 3,505,344 3,271,787 Other Utility revenues (c) 8,144 3,158 Electric revenues 3,513,488 3,274,945 Natural gas revenues 40,778 Other revenues (d) 10,150 13,126 Total operating revenues $3,523,638 $3,328,849 Entergys total revenues for the six months ended June 30, 2026 and 2025 were as follows: 2026 2025 (In Thousands) Utility: Residential $2,303,510 $2,204,340 Commercial 1,570,969 1,455,104 Industrial 2,003,034 1,720,020 Governmental 141,482 133,441 Total billed retail 6,018,995 5,512,905 Sales for resale (a) 238,124 198,330 Other electric revenues (b) 408,966 322,892 Revenues from contracts with customers 6,666,085 6,034,127 Other Utility revenues (c) 17,676 (1,316) Electric revenues 6,683,761 6,032,811 Natural gas revenues 112,509 Other revenues (d) 27,503 30,403 Total operating revenues $6,711,264 $6,175,723 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

STOCK-BASED COMPENSATION (Entergy Corporation) Entergy grants stock and stock-based awards, which are described more fully in Note 12 to the financial statements in the Form 10-K. Awards under Entergys plans generally vest over three years. Stock Options In January 2026 the Board approved and Entergy granted long-term incentive awards in the form of options on 298,829 shares of its common stock under the 2019 Omnibus Incentive Plan with a fair value of $20.81 per option. As of June 30, 2026, there were options on 3,000,194 shares of common stock outstanding with a weighted-average exercise price of $60.44. The intrinsic value, which has no effect on net income, of the outstanding stock options is calculated by the positive difference between the weighted-average exercise price of the stock options granted and Entergy Corporations common stock price as of June 30, 2026. The aggregate intrinsic value of the stock options outstanding as of June 30, 2026 was $153.9 million. The following table includes financial information for stock options for the three and six months ended June 30, 2026 and 2025: Three Months Ended Six Months Ended 2026 2025 2026 2025 (In Millions) Compensation expense included in Entergys consolidated net income $1.0 $1.0 $2.0 $2.1 Tax benefit recognized in Entergys consolidated net income $0.2 $0.2 $0.4 $0.5 Compensation cost capitalized as part of fixed assets and materials and supplies $0.5 $0.5 $1.0 $1.0 Other Equity Awards In January 2026 the Board appro …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

INCOME TAXES (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) See Income Tax Audits and Other Tax Matters in Note 3 to the financial statements in the Form 10-K for a discussion of income tax audits, the Tax Cuts and Jobs Act, the Inflation Reduction Act of 2022, and other income tax matters involving Entergy. The following are updates to that discussion. Other Tax Matters Inflation Reduction Act of 2022 In April 2026 the LPSC issued an order approving an agreement between Entergy Louisiana and the LPSC staff regarding the monetization of the 2025 nuclear production tax credits. The order allows Entergy Louisiana to retain the net proceeds of the monetized credits while the associated tax position remains uncertain. While retaining these proceeds, Entergy Louisiana will accrue carrying charges to its customers at its weighted average cost of capital. The order further provides that customers will be responsible for any associated costs should the IRS reduce some or all of the value of the nuclear production tax credits transferred to third parties. Once the IRS makes a final determination affirming the value of the credits or the audit period expires without a disallowance, Entergy Louisiana will commence flowing the net proceeds of the nuclear production tax credits, including carrying charges, to its customers. This treatment is consistent with the approach previously approved for the 2024 …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

RETIREMENT AND OTHER POSTRETIREMENT BENEFITS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Components of Qualified Net Pension Cost Entergys qualified net pension costs, including amounts capitalized, for the second quarters of 2026 and 2025, included the following components: 2026 2025 (In Thousands) Service cost - benefits earned during the period $23,078 $23,617 Interest cost on projected benefit obligation 56,047 59,680 Expected return on assets (76,536) (75,280) Recognized net loss 13,956 13,309 Net pension cost $16,545 $21,326 Entergys qualified net pension costs, including amounts capitalized, for the six months ended June 30, 2026 and 2025, included the following components: 2026 2025 (In Thousands) Service cost - benefits earned during the period $46,156 $47,234 Interest cost on projected benefit obligation 112,094 119,360 Expected return on assets (153,072) (150,560) Recognized net loss 27,912 26,618 Net pension cost $33,090 $42,652 The Registrant Subsidiaries qualified net pension costs, including amounts capitalized, for their current and former employees for the second quarters of 2026 and 2025, included the following components: 2026 Entergy Arkansas Entergy Louisiana Entergy Mississippi Entergy New Orleans Entergy Texas System Energy (In Thousands) Service cost - benefits earned during the period $4,363 $5,320 $1,296 $265 $1,011 $1,326 Interest cost on projected benefit obl …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

REVENUE (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Operating Revenues See Note 19 to the financial statements in the Form 10-K for a discussion of revenue recognition. Entergys total revenues for the three months ended June 30, 2026 and 2025 were as follows: 2026 2025 (In Thousands) Utility: Residential $1,154,074 $1,091,035 Commercial 822,850 771,097 Industrial 1,068,589 945,901 Governmental 73,822 70,623 Total billed retail 3,119,335 2,878,656 Sales for resale (a) 96,041 146,457 Other electric revenues (b) 289,968 246,674 Revenues from contracts with customers 3,505,344 3,271,787 Other Utility revenues (c) 8,144 3,158 Electric revenues 3,513,488 3,274,945 Natural gas revenues 40,778 Other revenues (d) 10,150 13,126 Total operating revenues $3,523,638 $3,328,849 Entergys total revenues for the six months ended June 30, 2026 and 2025 were as follows: 2026 2025 (In Thousands) Utility: Residential $2,303,510 $2,204,340 Commercial 1,570,969 1,455,104 Industrial 2,003,034 1,720,020 Governmental 141,482 133,441 Total billed retail 6,018,995 5,512,905 Sales for resale (a) 238,124 198,330 Other electric revenues (b) 408,966 322,892 Revenues from contracts with customers 6,666,085 6,034,127 Other Utility revenues (c) 17,676 (1,316) Electric revenues 6,683,761 6,032,811 Natural gas revenues 112,509 Other revenues (d) 27,503 30,403 Total operating revenues $6,711,264 $6,175,723 The Utility opera …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Entergy has a single reportable segment, Utility, which includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and included operation of a small natural gas distribution business in portions of Louisiana through June 30, 2025. See Note 14 to the financial statements in the Form 10-K for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025. Parent & Other includes the parent company, Entergy Corporation, and other business activity, including Entergys non-utility operations business, which is an operating segment that does not meet the quantitative thresholds for determining reportable segments. The following table includes operating revenues and significant expense categories regularly provided to the chief operating decision maker for the Utility segment, a reconciliation of Utility operating revenues to Entergys consolidated operating revenues, and a reconciliation of Utility net income to consolidated net income and net income attributable to Entergy Corporation for the three and six months ended June 30, 2026 and 2025: Three Months Ended Six Months Ended 2026 2025 2026 2025 (In Thousands) (In Thousands) Utility operatin …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

EQUITY (Entergy Corporation and Entergy Louisiana) Common Stock Earnings per Share The following table presents Entergys basic and diluted earnings per share calculations for the three and six months ended June 30, 2026 and 2025, included on the consolidated income statements: For the Three Months Ended June 30, 2026 2025 (Dollars In Thousands, Except Per Share Data; Shares in Millions) $/share $/share Consolidated net income $487,820 $471,954 Less: Preferred dividend requirements of subsidiaries and noncontrolling interests 5,213 4,024 Net income attributable to Entergy Corporation $482,607 $467,930 Basic shares and earnings per average common share 458.7 $1.05 439.2 $1.07 Average dilutive effect of: Stock options 1.3 0.9 Other equity plans 1.1 1.2 Equity forwards 5.2 (0.02) 4.4 (0.02) Diluted shares and earnings per average common share 466.3 $1.03 445.7 $1.05 For the Six Months Ended June 30, 2026 2025 (Dollars In Thousands, Except Per Share Data; Shares in Millions) $/share $/share Consolidated net income $878,625 $834,376 Less: Preferred dividend requirements of subsidiaries and noncontrolling interests 11,102 5,686 Net income attributable to Entergy Corporation $867,523 $828,690 Basic shares and earnings per average common share 457.2 $1.90 434.8 $1.91 Average dilutive effect of: Stock options 1.3 (0.01) 1.0 Other equity plans 1.1 1.3 (0.01) Equity forwards 4.8 (0.02) 6.3 (0.03) Diluted shares and earnings per average common share 464.4 $1.87 443.4 $1.87 Earnings per sh …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing