Description

Entergy Corporation: A 3.5 Gigawatt Reality Check On Signed Data Center Demand

Entergy Corporation reported adjusted earnings per share of $3.91 for 2025, positioning results in the upper half of their guidance range. The company continues to project over 8% adjusted EPS annual growth through 2029, supported by strong sales growth, customer-centric capital investments, and disciplined financial management. Retail electricity sales increased 4% in 2025, with industrial sales leading at approximately 7%, driven by expansion in traditional sectors such as steel, petrochemicals, LNG, and notably data centers. The company has secured electric service agreements totaling about 3.5 gigawatts, with a pipeline of 7 to 12 gigawatts for data centers and 3 to 5 gigawatts for other industries, demonstrating continued industrial load growth and a sizable capacity for new customer additions. Entergy’s customer-focused initiatives have yielded improved satisfaction ratings, with strong Net Promoter Scores across residential and business segments, and recognition in jurisdictions including Texas and Louisiana.