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Mittwoch, 02.08.2017 12:30 von | Aufrufe: 93

Entergy Reports Second Quarter Earnings

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PR Newswire

NEW ORLEANS, Aug. 2, 2017 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) reported second quarter 2017 earnings per share of $2.27 on an as-reported basis and $3.11 on an operational basis (non-GAAP), which excludes the effects of special items. Results included an income tax item which reduced income tax expense and increased earnings.

Consolidated Earnings (GAAP and Non-GAAP Measures)

Second Quarter 2017 (See Appendix A description of special items and Appendix C for reconciliation of GAAP to non-GAAP measures)

(Per share in $)






Consolidated

Utility

Parent & Other


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EWC

Segment contribution to as-reported

2.27

1.35

(0.32)

1.24

Less special items

(0.84)

-

-

(0.84)

Operational (non-GAAP)

3.11

1.35

(0.32)

2.08







Estimated weather in billed sales

(0.09)

(0.09)


Income tax item

2.07

-

2.07






Utility, Parent & Other adjusted (non-GAAP)


1.12












Entergy Corporation Logo. (PRNewsFoto/Entergy Corporation) (PRNewsFoto/) (PRNewsFoto/)

"We had another productive quarter executing our strategy to deliver steady, predictable earnings growth at our core utility business, which supports our long-term dividend growth aspiration," said Entergy Chairman and Chief Executive Officer Leo Denault. "2017 is on pace to be another year with significant accomplishments on multiple fronts, which continue to position us to deliver on our outlooks. We are affirming our full-year Utility, Parent & Other adjusted earnings guidance."

Business highlights included the following:

  • Entergy shifted its consolidated operational earnings guidance range upward by $2.05 per share to $6.80 to $7.40, to take into account a tax item recorded in the quarter. The company affirmed its Utility, Parent & Other adjusted earnings guidance.
  • The LPSC approved ELL's application to construct Lake Charles Power Station and the PUCT approved ETI's application to construct Montgomery County Power Station.
  • The Mississippi and Louisiana commissions approved AMI deployment plans for their jurisdictions.
  • EAI and ELL made their annual FRP filings.
  • For the second consecutive year, Entergy Corporation was named to The Civic 50, a Points of Light initiative honoring the 50 most community-minded companies in the nation.

Consolidated Results

Consolidated Earnings (GAAP and Non-GAAP Measures)

Second Quarter and Year-to-Date 2017 vs. 2016 (See Appendix A for reconciliation of GAAP to non-GAAP measures and description of special items)


Second Quarter

Year-to-Date


2017

2016

Change

2017

2016

Change

(After-tax, $ in millions)







As-reported earnings

409.9

567.3

(157.4)

492.5

797.3

(304.8)

Less special items

(151.3)

9.6

(160.9)

(246.4)

(3.3)

(243.1)

Operational earnings (non-GAAP)

561.2

557.7

3.5

738.9

800.6

(61.7)

  Estimated weather in billed sales

(15.9)

(16.3)

0.4

(45.1)

(41.8)

(3.3)








(After-tax, per share in $)







As-reported earnings

2.27

3.16

(0.89)

2.74

4.45

(1.71)

Less special items

(0.84)

0.05

(0.89)

(1.37)

(0.02)

(1.35)

Operational earnings (non-GAAP)

3.11

3.11

-

4.11

4.47

(0.36)

  Estimated weather in billed sales

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