Entergy Reports Flat Results; On Track to Exit Merchant Nuclear Business By 2021
We are reaffirming our $74 per share fair value estimate and no-moat and stable moat trend ratings after Entergy reported flat 2017 second-quarter operating earnings versus last year and increased its 2017 earnings guidance range by $2.05 per share to reflect an income tax benefit in the recently ended quarter. The income tax benefit was a recognition of deductions for decommissioning liability. Earnings guidance for 2017 is now $6.80-$7.40 and we will increase our $5.04 per share estimate to re...Entergy is a holding company. Through its subsidiaries, the company is an integrated energy company engaged mainly in electric power production and retail distribution operations. The company owns and operates power plants. The company has two segments: Utility, which generates, transmits, distributes and sells electric power to retail and wholesale customers in Arkansas, Louisiana, Mississippi, and Texas; and Entergy Wholesale Commodities, which includes the ownership, operation, and decommissioning of nuclear power plants, located in the northern United States, the sale of the electric power produced by its operating plants to wholesale customers, and also provides services to other nuclear power plant owners.
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