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Research Alert: Etr Beats Q1 Despite Weather Headwinds; Meta Deal Boosts Data Center Pipeline

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Entergy delivered solid Q1 2026 results, with adjusted EPS of $0.86 beating the prior year by $0.04 (+4.9% Y/Y, +2.3% vs. consensus) despite $0.07 weather headwinds. Utility earnings rose 10.2% to $540M due to regulatory actions and construction work in progress returns. Industrial segment performance remained robust with sales volumes surging 14.9% to 15.9 TWh, led by data center, primary metals, and transportation demand, reflecting ETR's strategic focus on large customer development. Management affirmed 2026 adjusted EPS guidance of $4.25-$4.45, demonstrating confidence in its operational trajectory. ETR announced another significant hyperscale agreement with Meta subsidiary Evest LLC under Louisiana's Lightning Initiative, including an estimated $2B retail customer savings. Operating cash flow increased 54.7% to $829M, supported by advance customer payments, while liquidity strengthened to $3.57B from $1.51B in the prior year, in our view positioning ETR well for continued data center pipeline growth.

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