COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

On October 30, 2024, Entergy’s board of directors approved a two-for-one forward stock split of Entergy Corporation common stock (the stock split). On December 12, 2024, Entergy effected the stock split and a proportionate increase in the number of authorized shares of its common stock. Shares began trading on a split-adjusted basis at market open on December 13, 2024. Entergy’s authorized common stock increased from 499 million to 998 million shares. The shares of common stock retain a par value of $0.01 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from capital in excess of par value to common stock. Historical share and share-based data presented herein has been retroactively adjusted to reflect the stock split.

The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:


	For the Years Ended December 31,
	2024		2023		2022
	(Dollars In Thousands, Except Per Share Data; Shares in Millions)
		$/share		$/share		$/share
Consolidated net income	$1,061,184		$2,362,310		$1,097,138
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests	5,594		5,774		(6,028)
Net income attributable to Entergy Corporation	$1,055,590		$2,356,536		$1,103,166
Basic shares and earnings per average common share	427.7	$2.47	423.1	$5.57	408.9	$2.70
Average dilutive effect of:
Stock options	0.6	—	0.6	(0.01)	1.0	(0.01)
Other equity plans	1.3	(0.01)	1.1	(0.01)	1.0	(0.01)
Equity forwards	2.0	(0.01)	—	—	0.2	—
Diluted shares and earnings per average common share	431.6	$2.45	424.8	$5.55	411.1	$2.68

Earnings per share dilution resulting from stock options outstanding and other equity plans is determined under the treasury stock method. The calculation of diluted earnings per share excluded 1,857,250 stock options outstanding in 2024, 2,359,923 stock options outstanding in 2023, and 1,862,906 stock options outstanding in 2022 because their effect would have been antidilutive. Until settlement of the forward sale agreements discussed below in “Equity Distribution Program”, earnings per share dilution resulting from the agreements, if any, is determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sales price. The calculation of diluted earnings per share excluded 2,373,682 shares in 2024 and 3,525,418 shares in 2023 under forward sale agreements outstanding because their effect would have been antidilutive. There were no forward sale agreements outstanding as of December 31, 2022.

Common stock and treasury stock shares activity for Entergy for 2024, 2023, and 2022 is as follows:


	2024		2023		2022
	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares
Beginning Balance, January 1	561,950,696	136,253,556	559,307,858	136,954,858	543,931,020	138,624,652
Issuances:
Equity Distribution Program	—	—	2,642,838	—	15,376,838	—
Employee Stock-Based Compensation Plans	—	(3,855,200)	—	(673,242)	—	(1,636,732)
Directors’ Plan	—	(28,076)	—	(28,060)	—	(33,062)
Ending Balance, December 31	561,950,696	132,370,280	561,950,696	136,253,556	559,307,858	136,954,858

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), the three equity plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans. The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program. As of December 31, 2024, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $2.30 in 2024, $2.17 in 2023, and $2.05 in 2022.

Equity Distribution Program

In January 2021, Entergy Corporation entered into an equity distribution sales agreement with several counterparties establishing an at the market equity distribution program, pursuant to which Entergy Corporation may offer and sell from time to time shares of its common stock. The sales agreement provides that, in addition to the issuance and sale of shares of Entergy Corporation common stock, Entergy Corporation may enter into forward sale agreements for the sale of its common stock. In May 2024, Entergy Corporation entered into an amendment to the equity distribution sales agreement for its at the market equity distribution program wherein it increased by an additional $1 billion the aggregate gross sales price authorized under the at the market equity distribution program and added additional agents, forward purchasers, and forward sellers. The aggregate number of shares of common stock sold under this sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $3 billion. As of December 31, 2024, an aggregate gross sales price of approximately $2.6 billion has been sold under the at the market equity distribution program.

During the years ended December 31, 2024, 2023, and 2022, there were no shares of common stock issued under the at the market equity distribution program.

There were no settlements of forward sale agreements for the year ended December 31, 2024. During the years ended December 31, 2023 and 2022, Entergy Corporation physically settled its obligations under the following forward sale agreements:


	Effective Date of Forward Sale Agreements	Shares of Common Stock Issued	Gross Sales Price	Forward Sellers Fees	Forward Sale Price per Share	Cash Proceeds at Settlement
			(Dollars In Thousands, Except Per Share Data)
Forward sale agreements settled in November 2022:
	June 2021	833,706	$45,000	$450
	August 2021	3,385,110	$190,074	$1,901
	September 2021	501,486	$25,419	$254
	March 2022	3,076,020	$167,997	$1,680
	June 2022	4,248,172	$250,899	$2,509
	September 2022	3,332,344	$194,231	$1,942
Total		15,376,838			$56.25	$853,257

Forward sale agreements settled in November 2023:
	June 2023	205,990	$10,524	$105
	June 2023	730,614	$37,375	$374
Total		936,604			$50.69	$47,786

Forward sale agreements settled in December 2023:
	November 2023	1,706,234	$84,000	$840
Total		1,706,234			$48.74	$83,312

Entergy Corporation incurred an aggregate amount of approximately $0.7 million of general issuance costs associated with the November 2022 settlement and approximately $0.4 million of general issuance costs associated with the November 2023 and December 2023 settlements. Entergy Corporation used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy Corporation’s revolving credit facility, and other debt.

The following forward sale agreements entered into by Entergy Corporation remain outstanding as of December 31, 2024:


Effective Date	Shares of Common Stock per Forward Sale Agreements	Maturity Date	Forward Sale Price per Share (a)	Gross Sales Price	Forward Sellers Fees
			(Dollars In Thousands, Except Per Share Data)
December 2023	5,506,492	May 2025	$50.56	$280,459	$2,805
March 2024	569,844	May 2025	$50.91	$29,318	$293
March 2024	2,320,830	May 2025	$50.73	$119,153	$1,192
May 2024	2,556,832	July 2025	$55.38	$142,387	$1,424
May 2024	2,466,470	July 2025	$54.05	$134,396	$1,344
June 2024	2,140,006	July 2025	$52.94	$114,540	$1,145
August 2024	2,225,832	October 2025	$57.67	$130,393	$1,304
August 2024	3,466,772	October 2025	$58.84	$205,454	$2,055
September 2024	3,069,070	October 2025	$60.14	$186,266	$1,863
September 2024	888,756	October 2025	$64.22	$57,702	$577

(a)Forward prices were updated with the counterparties as of December 13, 2024 in response to the stock split which was deemed an adjustment event.

No amounts are recorded on Entergy’s balance sheet with respect to the equity offerings until settlements of the equity forward sale agreements occur.

The forward sale agreements require Entergy Corporation to, at its election prior to the maturity date, either (i) physically settle the transactions by issuing the total shares of common stock per the respective forward sale agreement to the forward counterparties in exchange for net proceeds at the then-applicable forward sale price specified by the respective agreement (initial forward sale price) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. Each forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the respective agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold shares of Entergy Corporation’s common stock (gross sales price). In connection with the sale of these shares, Entergy Corporation paid the forward seller fees and these fees have not been deducted from the gross sales prices. Entergy Corporation did not receive any proceeds from such sales of borrowed shares.

Retained Earnings and Dividends

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $484 million in 2024, $189 million in 2023, and $301 million in 2022.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	($162,460)	($191,754)

Other comprehensive income (loss) before reclassifications	(31,676)	36,404
Amounts reclassified from accumulated other comprehensive income (loss)	236,905	(7,110)
Net other comprehensive income for the period	205,229	29,294

Ending balance, December 31,	$42,769	($162,460)

The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	$54,798	$55,370

Other comprehensive income before reclassifications	6,953	5,603
Amounts reclassified from accumulated other comprehensive income	(8,093)	(6,175)
Net other comprehensive loss for the period	(1,140)	(572)

Ending balance, December 31,	$53,658	$54,798

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$13,896	$13,586	(a)
Amortization of net gain	7,327	6,590	(a)
Settlement loss	(319,978)	(10,848)	(a)
Total amortization and settlement loss	(298,755)	9,328
Income taxes	61,850	(2,218)	Income taxes
Total amortization and settlement loss (net of tax)	($236,905)	$7,110

Total reclassifications for the period (net of tax)	($236,905)	$7,110

(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$4,544	$3,804	(a)
Amortization of net gain	6,533	6,263	(a)
Settlement loss	(2)	(1,617)	(a)
Total amortization and settlement loss	11,075	8,450
Income taxes	(2,982)	(2,275)	Income taxes
Total amortization and settlement loss (net of tax)	8,093	6,175

Total reclassifications for the period (net of tax)	$8,093	$6,175

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Common Equity Disclosure [Text Block]

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

On October 30, 2024, Entergy’s board of directors approved a two-for-one forward stock split of Entergy Corporation common stock (the stock split). On December 12, 2024, Entergy effected the stock split and a proportionate increase in the number of authorized shares of its common stock. Shares began trading on a split-adjusted basis at market open on December 13, 2024. Entergy’s authorized common stock increased from 499 million to 998 million shares. The shares of common stock retain a par value of $0.01 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from capital in excess of par value to common stock. Historical share and share-based data presented herein has been retroactively adjusted to reflect the stock split.

The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:


	For the Years Ended December 31,
	2024		2023		2022
	(Dollars In Thousands, Except Per Share Data; Shares in Millions)
		$/share		$/share		$/share
Consolidated net income	$1,061,184		$2,362,310		$1,097,138
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests	5,594		5,774		(6,028)
Net income attributable to Entergy Corporation	$1,055,590		$2,356,536		$1,103,166
Basic shares and earnings per average common share	427.7	$2.47	423.1	$5.57	408.9	$2.70
Average dilutive effect of:
Stock options	0.6	—	0.6	(0.01)	1.0	(0.01)
Other equity plans	1.3	(0.01)	1.1	(0.01)	1.0	(0.01)
Equity forwards	2.0	(0.01)	—	—	0.2	—
Diluted shares and earnings per average common share	431.6	$2.45	424.8	$5.55	411.1	$2.68

Earnings per share dilution resulting from stock options outstanding and other equity plans is determined under the treasury stock method. The calculation of diluted earnings per share excluded 1,857,250 stock options outstanding in 2024, 2,359,923 stock options outstanding in 2023, and 1,862,906 stock options outstanding in 2022 because their effect would have been antidilutive. Until settlement of the forward sale agreements discussed below in “Equity Distribution Program”, earnings per share dilution resulting from the agreements, if any, is determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sales price. The calculation of diluted earnings per share excluded 2,373,682 shares in 2024 and 3,525,418 shares in 2023 under forward sale agreements outstanding because their effect would have been antidilutive. There were no forward sale agreements outstanding as of December 31, 2022.

Common stock and treasury stock shares activity for Entergy for 2024, 2023, and 2022 is as follows:


	2024		2023		2022
	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares
Beginning Balance, January 1	561,950,696	136,253,556	559,307,858	136,954,858	543,931,020	138,624,652
Issuances:
Equity Distribution Program	—	—	2,642,838	—	15,376,838	—
Employee Stock-Based Compensation Plans	—	(3,855,200)	—	(673,242)	—	(1,636,732)
Directors’ Plan	—	(28,076)	—	(28,060)	—	(33,062)
Ending Balance, December 31	561,950,696	132,370,280	561,950,696	136,253,556	559,307,858	136,954,858

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), the three equity plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans. The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program. As of December 31, 2024, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $2.30 in 2024, $2.17 in 2023, and $2.05 in 2022.

Equity Distribution Program

In January 2021, Entergy Corporation entered into an equity distribution sales agreement with several counterparties establishing an at the market equity distribution program, pursuant to which Entergy Corporation may offer and sell from time to time shares of its common stock. The sales agreement provides that, in addition to the issuance and sale of shares of Entergy Corporation common stock, Entergy Corporation may enter into forward sale agreements for the sale of its common stock. In May 2024, Entergy Corporation entered into an amendment to the equity distribution sales agreement for its at the market equity distribution program wherein it increased by an additional $1 billion the aggregate gross sales price authorized under the at the market equity distribution program and added additional agents, forward purchasers, and forward sellers. The aggregate number of shares of common stock sold under this sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $3 billion. As of December 31, 2024, an aggregate gross sales price of approximately $2.6 billion has been sold under the at the market equity distribution program.

During the years ended December 31, 2024, 2023, and 2022, there were no shares of common stock issued under the at the market equity distribution program.

There were no settlements of forward sale agreements for the year ended December 31, 2024. During the years ended December 31, 2023 and 2022, Entergy Corporation physically settled its obligations under the following forward sale agreements:


	Effective Date of Forward Sale Agreements	Shares of Common Stock Issued	Gross Sales Price	Forward Sellers Fees	Forward Sale Price per Share	Cash Proceeds at Settlement
			(Dollars In Thousands, Except Per Share Data)
Forward sale agreements settled in November 2022:
	June 2021	833,706	$45,000	$450
	August 2021	3,385,110	$190,074	$1,901
	September 2021	501,486	$25,419	$254
	March 2022	3,076,020	$167,997	$1,680
	June 2022	4,248,172	$250,899	$2,509
	September 2022	3,332,344	$194,231	$1,942
Total		15,376,838			$56.25	$853,257

Forward sale agreements settled in November 2023:
	June 2023	205,990	$10,524	$105
	June 2023	730,614	$37,375	$374
Total		936,604			$50.69	$47,786

Forward sale agreements settled in December 2023:
	November 2023	1,706,234	$84,000	$840
Total		1,706,234			$48.74	$83,312

Entergy Corporation incurred an aggregate amount of approximately $0.7 million of general issuance costs associated with the November 2022 settlement and approximately $0.4 million of general issuance costs associated with the November 2023 and December 2023 settlements. Entergy Corporation used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy Corporation’s revolving credit facility, and other debt.

The following forward sale agreements entered into by Entergy Corporation remain outstanding as of December 31, 2024:


Effective Date	Shares of Common Stock per Forward Sale Agreements	Maturity Date	Forward Sale Price per Share (a)	Gross Sales Price	Forward Sellers Fees
			(Dollars In Thousands, Except Per Share Data)
December 2023	5,506,492	May 2025	$50.56	$280,459	$2,805
March 2024	569,844	May 2025	$50.91	$29,318	$293
March 2024	2,320,830	May 2025	$50.73	$119,153	$1,192
May 2024	2,556,832	July 2025	$55.38	$142,387	$1,424
May 2024	2,466,470	July 2025	$54.05	$134,396	$1,344
June 2024	2,140,006	July 2025	$52.94	$114,540	$1,145
August 2024	2,225,832	October 2025	$57.67	$130,393	$1,304
August 2024	3,466,772	October 2025	$58.84	$205,454	$2,055
September 2024	3,069,070	October 2025	$60.14	$186,266	$1,863
September 2024	888,756	October 2025	$64.22	$57,702	$577

(a)Forward prices were updated with the counterparties as of December 13, 2024 in response to the stock split which was deemed an adjustment event.

No amounts are recorded on Entergy’s balance sheet with respect to the equity offerings until settlements of the equity forward sale agreements occur.

The forward sale agreements require Entergy Corporation to, at its election prior to the maturity date, either (i) physically settle the transactions by issuing the total shares of common stock per the respective forward sale agreement to the forward counterparties in exchange for net proceeds at the then-applicable forward sale price specified by the respective agreement (initial forward sale price) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. Each forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the respective agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold shares of Entergy Corporation’s common stock (gross sales price). In connection with the sale of these shares, Entergy Corporation paid the forward seller fees and these fees have not been deducted from the gross sales prices. Entergy Corporation did not receive any proceeds from such sales of borrowed shares.

Retained Earnings and Dividends

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $484 million in 2024, $189 million in 2023, and $301 million in 2022.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	($162,460)	($191,754)

Other comprehensive income (loss) before reclassifications	(31,676)	36,404
Amounts reclassified from accumulated other comprehensive income (loss)	236,905	(7,110)
Net other comprehensive income for the period	205,229	29,294

Ending balance, December 31,	$42,769	($162,460)

The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	$54,798	$55,370

Other comprehensive income before reclassifications	6,953	5,603
Amounts reclassified from accumulated other comprehensive income	(8,093)	(6,175)
Net other comprehensive loss for the period	(1,140)	(572)

Ending balance, December 31,	$53,658	$54,798

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$13,896	$13,586	(a)
Amortization of net gain	7,327	6,590	(a)
Settlement loss	(319,978)	(10,848)	(a)
Total amortization and settlement loss	(298,755)	9,328
Income taxes	61,850	(2,218)	Income taxes
Total amortization and settlement loss (net of tax)	($236,905)	$7,110

Total reclassifications for the period (net of tax)	($236,905)	$7,110

(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$4,544	$3,804	(a)
Amortization of net gain	6,533	6,263	(a)
Settlement loss	(2)	(1,617)	(a)
Total amortization and settlement loss	11,075	8,450
Income taxes	(2,982)	(2,275)	Income taxes
Total amortization and settlement loss (net of tax)	8,093	6,175

Total reclassifications for the period (net of tax)	$8,093	$6,175

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Common Equity Disclosure [Text Block]

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

On October 30, 2024, Entergy’s board of directors approved a two-for-one forward stock split of Entergy Corporation common stock (the stock split). On December 12, 2024, Entergy effected the stock split and a proportionate increase in the number of authorized shares of its common stock. Shares began trading on a split-adjusted basis at market open on December 13, 2024. Entergy’s authorized common stock increased from 499 million to 998 million shares. The shares of common stock retain a par value of $0.01 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from capital in excess of par value to common stock. Historical share and share-based data presented herein has been retroactively adjusted to reflect the stock split.

The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:


	For the Years Ended December 31,
	2024		2023		2022
	(Dollars In Thousands, Except Per Share Data; Shares in Millions)
		$/share		$/share		$/share
Consolidated net income	$1,061,184		$2,362,310		$1,097,138
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests	5,594		5,774		(6,028)
Net income attributable to Entergy Corporation	$1,055,590		$2,356,536		$1,103,166
Basic shares and earnings per average common share	427.7	$2.47	423.1	$5.57	408.9	$2.70
Average dilutive effect of:
Stock options	0.6	—	0.6	(0.01)	1.0	(0.01)
Other equity plans	1.3	(0.01)	1.1	(0.01)	1.0	(0.01)
Equity forwards	2.0	(0.01)	—	—	0.2	—
Diluted shares and earnings per average common share	431.6	$2.45	424.8	$5.55	411.1	$2.68

Earnings per share dilution resulting from stock options outstanding and other equity plans is determined under the treasury stock method. The calculation of diluted earnings per share excluded 1,857,250 stock options outstanding in 2024, 2,359,923 stock options outstanding in 2023, and 1,862,906 stock options outstanding in 2022 because their effect would have been antidilutive. Until settlement of the forward sale agreements discussed below in “Equity Distribution Program”, earnings per share dilution resulting from the agreements, if any, is determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sales price. The calculation of diluted earnings per share excluded 2,373,682 shares in 2024 and 3,525,418 shares in 2023 under forward sale agreements outstanding because their effect would have been antidilutive. There were no forward sale agreements outstanding as of December 31, 2022.

Common stock and treasury stock shares activity for Entergy for 2024, 2023, and 2022 is as follows:


	2024		2023		2022
	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares
Beginning Balance, January 1	561,950,696	136,253,556	559,307,858	136,954,858	543,931,020	138,624,652
Issuances:
Equity Distribution Program	—	—	2,642,838	—	15,376,838	—
Employee Stock-Based Compensation Plans	—	(3,855,200)	—	(673,242)	—	(1,636,732)
Directors’ Plan	—	(28,076)	—	(28,060)	—	(33,062)
Ending Balance, December 31	561,950,696	132,370,280	561,950,696	136,253,556	559,307,858	136,954,858

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), the three equity plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans. The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program. As of December 31, 2024, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $2.30 in 2024, $2.17 in 2023, and $2.05 in 2022.

Equity Distribution Program

In January 2021, Entergy Corporation entered into an equity distribution sales agreement with several counterparties establishing an at the market equity distribution program, pursuant to which Entergy Corporation may offer and sell from time to time shares of its common stock. The sales agreement provides that, in addition to the issuance and sale of shares of Entergy Corporation common stock, Entergy Corporation may enter into forward sale agreements for the sale of its common stock. In May 2024, Entergy Corporation entered into an amendment to the equity distribution sales agreement for its at the market equity distribution program wherein it increased by an additional $1 billion the aggregate gross sales price authorized under the at the market equity distribution program and added additional agents, forward purchasers, and forward sellers. The aggregate number of shares of common stock sold under this sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $3 billion. As of December 31, 2024, an aggregate gross sales price of approximately $2.6 billion has been sold under the at the market equity distribution program.

During the years ended December 31, 2024, 2023, and 2022, there were no shares of common stock issued under the at the market equity distribution program.

There were no settlements of forward sale agreements for the year ended December 31, 2024. During the years ended December 31, 2023 and 2022, Entergy Corporation physically settled its obligations under the following forward sale agreements:


	Effective Date of Forward Sale Agreements	Shares of Common Stock Issued	Gross Sales Price	Forward Sellers Fees	Forward Sale Price per Share	Cash Proceeds at Settlement
			(Dollars In Thousands, Except Per Share Data)
Forward sale agreements settled in November 2022:
	June 2021	833,706	$45,000	$450
	August 2021	3,385,110	$190,074	$1,901
	September 2021	501,486	$25,419	$254
	March 2022	3,076,020	$167,997	$1,680
	June 2022	4,248,172	$250,899	$2,509
	September 2022	3,332,344	$194,231	$1,942
Total		15,376,838			$56.25	$853,257

Forward sale agreements settled in November 2023:
	June 2023	205,990	$10,524	$105
	June 2023	730,614	$37,375	$374
Total		936,604			$50.69	$47,786

Forward sale agreements settled in December 2023:
	November 2023	1,706,234	$84,000	$840
Total		1,706,234			$48.74	$83,312

Entergy Corporation incurred an aggregate amount of approximately $0.7 million of general issuance costs associated with the November 2022 settlement and approximately $0.4 million of general issuance costs associated with the November 2023 and December 2023 settlements. Entergy Corporation used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy Corporation’s revolving credit facility, and other debt.

The following forward sale agreements entered into by Entergy Corporation remain outstanding as of December 31, 2024:


Effective Date	Shares of Common Stock per Forward Sale Agreements	Maturity Date	Forward Sale Price per Share (a)	Gross Sales Price	Forward Sellers Fees
			(Dollars In Thousands, Except Per Share Data)
December 2023	5,506,492	May 2025	$50.56	$280,459	$2,805
March 2024	569,844	May 2025	$50.91	$29,318	$293
March 2024	2,320,830	May 2025	$50.73	$119,153	$1,192
May 2024	2,556,832	July 2025	$55.38	$142,387	$1,424
May 2024	2,466,470	July 2025	$54.05	$134,396	$1,344
June 2024	2,140,006	July 2025	$52.94	$114,540	$1,145
August 2024	2,225,832	October 2025	$57.67	$130,393	$1,304
August 2024	3,466,772	October 2025	$58.84	$205,454	$2,055
September 2024	3,069,070	October 2025	$60.14	$186,266	$1,863
September 2024	888,756	October 2025	$64.22	$57,702	$577

(a)Forward prices were updated with the counterparties as of December 13, 2024 in response to the stock split which was deemed an adjustment event.

No amounts are recorded on Entergy’s balance sheet with respect to the equity offerings until settlements of the equity forward sale agreements occur.

The forward sale agreements require Entergy Corporation to, at its election prior to the maturity date, either (i) physically settle the transactions by issuing the total shares of common stock per the respective forward sale agreement to the forward counterparties in exchange for net proceeds at the then-applicable forward sale price specified by the respective agreement (initial forward sale price) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. Each forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the respective agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold shares of Entergy Corporation’s common stock (gross sales price). In connection with the sale of these shares, Entergy Corporation paid the forward seller fees and these fees have not been deducted from the gross sales prices. Entergy Corporation did not receive any proceeds from such sales of borrowed shares.

Retained Earnings and Dividends

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $484 million in 2024, $189 million in 2023, and $301 million in 2022.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	($162,460)	($191,754)

Other comprehensive income (loss) before reclassifications	(31,676)	36,404
Amounts reclassified from accumulated other comprehensive income (loss)	236,905	(7,110)
Net other comprehensive income for the period	205,229	29,294

Ending balance, December 31,	$42,769	($162,460)

The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	$54,798	$55,370

Other comprehensive income before reclassifications	6,953	5,603
Amounts reclassified from accumulated other comprehensive income	(8,093)	(6,175)
Net other comprehensive loss for the period	(1,140)	(572)

Ending balance, December 31,	$53,658	$54,798

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$13,896	$13,586	(a)
Amortization of net gain	7,327	6,590	(a)
Settlement loss	(319,978)	(10,848)	(a)
Total amortization and settlement loss	(298,755)	9,328
Income taxes	61,850	(2,218)	Income taxes
Total amortization and settlement loss (net of tax)	($236,905)	$7,110

Total reclassifications for the period (net of tax)	($236,905)	$7,110

(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$4,544	$3,804	(a)
Amortization of net gain	6,533	6,263	(a)
Settlement loss	(2)	(1,617)	(a)
Total amortization and settlement loss	11,075	8,450
Income taxes	(2,982)	(2,275)	Income taxes
Total amortization and settlement loss (net of tax)	8,093	6,175

Total reclassifications for the period (net of tax)	$8,093	$6,175

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Common Equity Disclosure [Text Block]

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

On October 30, 2024, Entergy’s board of directors approved a two-for-one forward stock split of Entergy Corporation common stock (the stock split). On December 12, 2024, Entergy effected the stock split and a proportionate increase in the number of authorized shares of its common stock. Shares began trading on a split-adjusted basis at market open on December 13, 2024. Entergy’s authorized common stock increased from 499 million to 998 million shares. The shares of common stock retain a par value of $0.01 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from capital in excess of par value to common stock. Historical share and share-based data presented herein has been retroactively adjusted to reflect the stock split.

The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:


	For the Years Ended December 31,
	2024		2023		2022
	(Dollars In Thousands, Except Per Share Data; Shares in Millions)
		$/share		$/share		$/share
Consolidated net income	$1,061,184		$2,362,310		$1,097,138
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests	5,594		5,774		(6,028)
Net income attributable to Entergy Corporation	$1,055,590		$2,356,536		$1,103,166
Basic shares and earnings per average common share	427.7	$2.47	423.1	$5.57	408.9	$2.70
Average dilutive effect of:
Stock options	0.6	—	0.6	(0.01)	1.0	(0.01)
Other equity plans	1.3	(0.01)	1.1	(0.01)	1.0	(0.01)
Equity forwards	2.0	(0.01)	—	—	0.2	—
Diluted shares and earnings per average common share	431.6	$2.45	424.8	$5.55	411.1	$2.68

Earnings per share dilution resulting from stock options outstanding and other equity plans is determined under the treasury stock method. The calculation of diluted earnings per share excluded 1,857,250 stock options outstanding in 2024, 2,359,923 stock options outstanding in 2023, and 1,862,906 stock options outstanding in 2022 because their effect would have been antidilutive. Until settlement of the forward sale agreements discussed below in “Equity Distribution Program”, earnings per share dilution resulting from the agreements, if any, is determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sales price. The calculation of diluted earnings per share excluded 2,373,682 shares in 2024 and 3,525,418 shares in 2023 under forward sale agreements outstanding because their effect would have been antidilutive. There were no forward sale agreements outstanding as of December 31, 2022.

Common stock and treasury stock shares activity for Entergy for 2024, 2023, and 2022 is as follows:


	2024		2023		2022
	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares
Beginning Balance, January 1	561,950,696	136,253,556	559,307,858	136,954,858	543,931,020	138,624,652
Issuances:
Equity Distribution Program	—	—	2,642,838	—	15,376,838	—
Employee Stock-Based Compensation Plans	—	(3,855,200)	—	(673,242)	—	(1,636,732)
Directors’ Plan	—	(28,076)	—	(28,060)	—	(33,062)
Ending Balance, December 31	561,950,696	132,370,280	561,950,696	136,253,556	559,307,858	136,954,858

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), the three equity plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans. The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program. As of December 31, 2024, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $2.30 in 2024, $2.17 in 2023, and $2.05 in 2022.

Equity Distribution Program

In January 2021, Entergy Corporation entered into an equity distribution sales agreement with several counterparties establishing an at the market equity distribution program, pursuant to which Entergy Corporation may offer and sell from time to time shares of its common stock. The sales agreement provides that, in addition to the issuance and sale of shares of Entergy Corporation common stock, Entergy Corporation may enter into forward sale agreements for the sale of its common stock. In May 2024, Entergy Corporation entered into an amendment to the equity distribution sales agreement for its at the market equity distribution program wherein it increased by an additional $1 billion the aggregate gross sales price authorized under the at the market equity distribution program and added additional agents, forward purchasers, and forward sellers. The aggregate number of shares of common stock sold under this sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $3 billion. As of December 31, 2024, an aggregate gross sales price of approximately $2.6 billion has been sold under the at the market equity distribution program.

During the years ended December 31, 2024, 2023, and 2022, there were no shares of common stock issued under the at the market equity distribution program.

There were no settlements of forward sale agreements for the year ended December 31, 2024. During the years ended December 31, 2023 and 2022, Entergy Corporation physically settled its obligations under the following forward sale agreements:


	Effective Date of Forward Sale Agreements	Shares of Common Stock Issued	Gross Sales Price	Forward Sellers Fees	Forward Sale Price per Share	Cash Proceeds at Settlement
			(Dollars In Thousands, Except Per Share Data)
Forward sale agreements settled in November 2022:
	June 2021	833,706	$45,000	$450
	August 2021	3,385,110	$190,074	$1,901
	September 2021	501,486	$25,419	$254
	March 2022	3,076,020	$167,997	$1,680
	June 2022	4,248,172	$250,899	$2,509
	September 2022	3,332,344	$194,231	$1,942
Total		15,376,838			$56.25	$853,257

Forward sale agreements settled in November 2023:
	June 2023	205,990	$10,524	$105
	June 2023	730,614	$37,375	$374
Total		936,604			$50.69	$47,786

Forward sale agreements settled in December 2023:
	November 2023	1,706,234	$84,000	$840
Total		1,706,234			$48.74	$83,312

Entergy Corporation incurred an aggregate amount of approximately $0.7 million of general issuance costs associated with the November 2022 settlement and approximately $0.4 million of general issuance costs associated with the November 2023 and December 2023 settlements. Entergy Corporation used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy Corporation’s revolving credit facility, and other debt.

The following forward sale agreements entered into by Entergy Corporation remain outstanding as of December 31, 2024:


Effective Date	Shares of Common Stock per Forward Sale Agreements	Maturity Date	Forward Sale Price per Share (a)	Gross Sales Price	Forward Sellers Fees
			(Dollars In Thousands, Except Per Share Data)
December 2023	5,506,492	May 2025	$50.56	$280,459	$2,805
March 2024	569,844	May 2025	$50.91	$29,318	$293
March 2024	2,320,830	May 2025	$50.73	$119,153	$1,192
May 2024	2,556,832	July 2025	$55.38	$142,387	$1,424
May 2024	2,466,470	July 2025	$54.05	$134,396	$1,344
June 2024	2,140,006	July 2025	$52.94	$114,540	$1,145
August 2024	2,225,832	October 2025	$57.67	$130,393	$1,304
August 2024	3,466,772	October 2025	$58.84	$205,454	$2,055
September 2024	3,069,070	October 2025	$60.14	$186,266	$1,863
September 2024	888,756	October 2025	$64.22	$57,702	$577

(a)Forward prices were updated with the counterparties as of December 13, 2024 in response to the stock split which was deemed an adjustment event.

No amounts are recorded on Entergy’s balance sheet with respect to the equity offerings until settlements of the equity forward sale agreements occur.

The forward sale agreements require Entergy Corporation to, at its election prior to the maturity date, either (i) physically settle the transactions by issuing the total shares of common stock per the respective forward sale agreement to the forward counterparties in exchange for net proceeds at the then-applicable forward sale price specified by the respective agreement (initial forward sale price) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. Each forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the respective agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold shares of Entergy Corporation’s common stock (gross sales price). In connection with the sale of these shares, Entergy Corporation paid the forward seller fees and these fees have not been deducted from the gross sales prices. Entergy Corporation did not receive any proceeds from such sales of borrowed shares.

Retained Earnings and Dividends

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $484 million in 2024, $189 million in 2023, and $301 million in 2022.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	($162,460)	($191,754)

Other comprehensive income (loss) before reclassifications	(31,676)	36,404
Amounts reclassified from accumulated other comprehensive income (loss)	236,905	(7,110)
Net other comprehensive income for the period	205,229	29,294

Ending balance, December 31,	$42,769	($162,460)

The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	$54,798	$55,370

Other comprehensive income before reclassifications	6,953	5,603
Amounts reclassified from accumulated other comprehensive income	(8,093)	(6,175)
Net other comprehensive loss for the period	(1,140)	(572)

Ending balance, December 31,	$53,658	$54,798

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$13,896	$13,586	(a)
Amortization of net gain	7,327	6,590	(a)
Settlement loss	(319,978)	(10,848)	(a)
Total amortization and settlement loss	(298,755)	9,328
Income taxes	61,850	(2,218)	Income taxes
Total amortization and settlement loss (net of tax)	($236,905)	$7,110

Total reclassifications for the period (net of tax)	($236,905)	$7,110

(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$4,544	$3,804	(a)
Amortization of net gain	6,533	6,263	(a)
Settlement loss	(2)	(1,617)	(a)
Total amortization and settlement loss	11,075	8,450
Income taxes	(2,982)	(2,275)	Income taxes
Total amortization and settlement loss (net of tax)	8,093	6,175

Total reclassifications for the period (net of tax)	$8,093	$6,175

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Common Equity Disclosure [Text Block]

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

On October 30, 2024, Entergy’s board of directors approved a two-for-one forward stock split of Entergy Corporation common stock (the stock split). On December 12, 2024, Entergy effected the stock split and a proportionate increase in the number of authorized shares of its common stock. Shares began trading on a split-adjusted basis at market open on December 13, 2024. Entergy’s authorized common stock increased from 499 million to 998 million shares. The shares of common stock retain a par value of $0.01 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from capital in excess of par value to common stock. Historical share and share-based data presented herein has been retroactively adjusted to reflect the stock split.

The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:


	For the Years Ended December 31,
	2024		2023		2022
	(Dollars In Thousands, Except Per Share Data; Shares in Millions)
		$/share		$/share		$/share
Consolidated net income	$1,061,184		$2,362,310		$1,097,138
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests	5,594		5,774		(6,028)
Net income attributable to Entergy Corporation	$1,055,590		$2,356,536		$1,103,166
Basic shares and earnings per average common share	427.7	$2.47	423.1	$5.57	408.9	$2.70
Average dilutive effect of:
Stock options	0.6	—	0.6	(0.01)	1.0	(0.01)
Other equity plans	1.3	(0.01)	1.1	(0.01)	1.0	(0.01)
Equity forwards	2.0	(0.01)	—	—	0.2	—
Diluted shares and earnings per average common share	431.6	$2.45	424.8	$5.55	411.1	$2.68

Earnings per share dilution resulting from stock options outstanding and other equity plans is determined under the treasury stock method. The calculation of diluted earnings per share excluded 1,857,250 stock options outstanding in 2024, 2,359,923 stock options outstanding in 2023, and 1,862,906 stock options outstanding in 2022 because their effect would have been antidilutive. Until settlement of the forward sale agreements discussed below in “Equity Distribution Program”, earnings per share dilution resulting from the agreements, if any, is determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sales price. The calculation of diluted earnings per share excluded 2,373,682 shares in 2024 and 3,525,418 shares in 2023 under forward sale agreements outstanding because their effect would have been antidilutive. There were no forward sale agreements outstanding as of December 31, 2022.

Common stock and treasury stock shares activity for Entergy for 2024, 2023, and 2022 is as follows:


	2024		2023		2022
	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares
Beginning Balance, January 1	561,950,696	136,253,556	559,307,858	136,954,858	543,931,020	138,624,652
Issuances:
Equity Distribution Program	—	—	2,642,838	—	15,376,838	—
Employee Stock-Based Compensation Plans	—	(3,855,200)	—	(673,242)	—	(1,636,732)
Directors’ Plan	—	(28,076)	—	(28,060)	—	(33,062)
Ending Balance, December 31	561,950,696	132,370,280	561,950,696	136,253,556	559,307,858	136,954,858

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), the three equity plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans. The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program. As of December 31, 2024, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $2.30 in 2024, $2.17 in 2023, and $2.05 in 2022.

Equity Distribution Program

In January 2021, Entergy Corporation entered into an equity distribution sales agreement with several counterparties establishing an at the market equity distribution program, pursuant to which Entergy Corporation may offer and sell from time to time shares of its common stock. The sales agreement provides that, in addition to the issuance and sale of shares of Entergy Corporation common stock, Entergy Corporation may enter into forward sale agreements for the sale of its common stock. In May 2024, Entergy Corporation entered into an amendment to the equity distribution sales agreement for its at the market equity distribution program wherein it increased by an additional $1 billion the aggregate gross sales price authorized under the at the market equity distribution program and added additional agents, forward purchasers, and forward sellers. The aggregate number of shares of common stock sold under this sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $3 billion. As of December 31, 2024, an aggregate gross sales price of approximately $2.6 billion has been sold under the at the market equity distribution program.

During the years ended December 31, 2024, 2023, and 2022, there were no shares of common stock issued under the at the market equity distribution program.

There were no settlements of forward sale agreements for the year ended December 31, 2024. During the years ended December 31, 2023 and 2022, Entergy Corporation physically settled its obligations under the following forward sale agreements:


	Effective Date of Forward Sale Agreements	Shares of Common Stock Issued	Gross Sales Price	Forward Sellers Fees	Forward Sale Price per Share	Cash Proceeds at Settlement
			(Dollars In Thousands, Except Per Share Data)
Forward sale agreements settled in November 2022:
	June 2021	833,706	$45,000	$450
	August 2021	3,385,110	$190,074	$1,901
	September 2021	501,486	$25,419	$254
	March 2022	3,076,020	$167,997	$1,680
	June 2022	4,248,172	$250,899	$2,509
	September 2022	3,332,344	$194,231	$1,942
Total		15,376,838			$56.25	$853,257

Forward sale agreements settled in November 2023:
	June 2023	205,990	$10,524	$105
	June 2023	730,614	$37,375	$374
Total		936,604			$50.69	$47,786

Forward sale agreements settled in December 2023:
	November 2023	1,706,234	$84,000	$840
Total		1,706,234			$48.74	$83,312

Entergy Corporation incurred an aggregate amount of approximately $0.7 million of general issuance costs associated with the November 2022 settlement and approximately $0.4 million of general issuance costs associated with the November 2023 and December 2023 settlements. Entergy Corporation used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy Corporation’s revolving credit facility, and other debt.

The following forward sale agreements entered into by Entergy Corporation remain outstanding as of December 31, 2024:


Effective Date	Shares of Common Stock per Forward Sale Agreements	Maturity Date	Forward Sale Price per Share (a)	Gross Sales Price	Forward Sellers Fees
			(Dollars In Thousands, Except Per Share Data)
December 2023	5,506,492	May 2025	$50.56	$280,459	$2,805
March 2024	569,844	May 2025	$50.91	$29,318	$293
March 2024	2,320,830	May 2025	$50.73	$119,153	$1,192
May 2024	2,556,832	July 2025	$55.38	$142,387	$1,424
May 2024	2,466,470	July 2025	$54.05	$134,396	$1,344
June 2024	2,140,006	July 2025	$52.94	$114,540	$1,145
August 2024	2,225,832	October 2025	$57.67	$130,393	$1,304
August 2024	3,466,772	October 2025	$58.84	$205,454	$2,055
September 2024	3,069,070	October 2025	$60.14	$186,266	$1,863
September 2024	888,756	October 2025	$64.22	$57,702	$577

(a)Forward prices were updated with the counterparties as of December 13, 2024 in response to the stock split which was deemed an adjustment event.

No amounts are recorded on Entergy’s balance sheet with respect to the equity offerings until settlements of the equity forward sale agreements occur.

The forward sale agreements require Entergy Corporation to, at its election prior to the maturity date, either (i) physically settle the transactions by issuing the total shares of common stock per the respective forward sale agreement to the forward counterparties in exchange for net proceeds at the then-applicable forward sale price specified by the respective agreement (initial forward sale price) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. Each forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the respective agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold shares of Entergy Corporation’s common stock (gross sales price). In connection with the sale of these shares, Entergy Corporation paid the forward seller fees and these fees have not been deducted from the gross sales prices. Entergy Corporation did not receive any proceeds from such sales of borrowed shares.

Retained Earnings and Dividends

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $484 million in 2024, $189 million in 2023, and $301 million in 2022.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	($162,460)	($191,754)

Other comprehensive income (loss) before reclassifications	(31,676)	36,404
Amounts reclassified from accumulated other comprehensive income (loss)	236,905	(7,110)
Net other comprehensive income for the period	205,229	29,294

Ending balance, December 31,	$42,769	($162,460)

The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	$54,798	$55,370

Other comprehensive income before reclassifications	6,953	5,603
Amounts reclassified from accumulated other comprehensive income	(8,093)	(6,175)
Net other comprehensive loss for the period	(1,140)	(572)

Ending balance, December 31,	$53,658	$54,798

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$13,896	$13,586	(a)
Amortization of net gain	7,327	6,590	(a)
Settlement loss	(319,978)	(10,848)	(a)
Total amortization and settlement loss	(298,755)	9,328
Income taxes	61,850	(2,218)	Income taxes
Total amortization and settlement loss (net of tax)	($236,905)	$7,110

Total reclassifications for the period (net of tax)	($236,905)	$7,110

(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$4,544	$3,804	(a)
Amortization of net gain	6,533	6,263	(a)
Settlement loss	(2)	(1,617)	(a)
Total amortization and settlement loss	11,075	8,450
Income taxes	(2,982)	(2,275)	Income taxes
Total amortization and settlement loss (net of tax)	8,093	6,175

Total reclassifications for the period (net of tax)	$8,093	$6,175

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Common Equity Disclosure [Text Block]

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

On October 30, 2024, Entergy’s board of directors approved a two-for-one forward stock split of Entergy Corporation common stock (the stock split). On December 12, 2024, Entergy effected the stock split and a proportionate increase in the number of authorized shares of its common stock. Shares began trading on a split-adjusted basis at market open on December 13, 2024. Entergy’s authorized common stock increased from 499 million to 998 million shares. The shares of common stock retain a par value of $0.01 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from capital in excess of par value to common stock. Historical share and share-based data presented herein has been retroactively adjusted to reflect the stock split.

The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:


	For the Years Ended December 31,
	2024		2023		2022
	(Dollars In Thousands, Except Per Share Data; Shares in Millions)
		$/share		$/share		$/share
Consolidated net income	$1,061,184		$2,362,310		$1,097,138
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests	5,594		5,774		(6,028)
Net income attributable to Entergy Corporation	$1,055,590		$2,356,536		$1,103,166
Basic shares and earnings per average common share	427.7	$2.47	423.1	$5.57	408.9	$2.70
Average dilutive effect of:
Stock options	0.6	—	0.6	(0.01)	1.0	(0.01)
Other equity plans	1.3	(0.01)	1.1	(0.01)	1.0	(0.01)
Equity forwards	2.0	(0.01)	—	—	0.2	—
Diluted shares and earnings per average common share	431.6	$2.45	424.8	$5.55	411.1	$2.68

Earnings per share dilution resulting from stock options outstanding and other equity plans is determined under the treasury stock method. The calculation of diluted earnings per share excluded 1,857,250 stock options outstanding in 2024, 2,359,923 stock options outstanding in 2023, and 1,862,906 stock options outstanding in 2022 because their effect would have been antidilutive. Until settlement of the forward sale agreements discussed below in “Equity Distribution Program”, earnings per share dilution resulting from the agreements, if any, is determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sales price. The calculation of diluted earnings per share excluded 2,373,682 shares in 2024 and 3,525,418 shares in 2023 under forward sale agreements outstanding because their effect would have been antidilutive. There were no forward sale agreements outstanding as of December 31, 2022.

Common stock and treasury stock shares activity for Entergy for 2024, 2023, and 2022 is as follows:


	2024		2023		2022
	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares
Beginning Balance, January 1	561,950,696	136,253,556	559,307,858	136,954,858	543,931,020	138,624,652
Issuances:
Equity Distribution Program	—	—	2,642,838	—	15,376,838	—
Employee Stock-Based Compensation Plans	—	(3,855,200)	—	(673,242)	—	(1,636,732)
Directors’ Plan	—	(28,076)	—	(28,060)	—	(33,062)
Ending Balance, December 31	561,950,696	132,370,280	561,950,696	136,253,556	559,307,858	136,954,858

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), the three equity plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans. The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program. As of December 31, 2024, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $2.30 in 2024, $2.17 in 2023, and $2.05 in 2022.

Equity Distribution Program

In January 2021, Entergy Corporation entered into an equity distribution sales agreement with several counterparties establishing an at the market equity distribution program, pursuant to which Entergy Corporation may offer and sell from time to time shares of its common stock. The sales agreement provides that, in addition to the issuance and sale of shares of Entergy Corporation common stock, Entergy Corporation may enter into forward sale agreements for the sale of its common stock. In May 2024, Entergy Corporation entered into an amendment to the equity distribution sales agreement for its at the market equity distribution program wherein it increased by an additional $1 billion the aggregate gross sales price authorized under the at the market equity distribution program and added additional agents, forward purchasers, and forward sellers. The aggregate number of shares of common stock sold under this sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $3 billion. As of December 31, 2024, an aggregate gross sales price of approximately $2.6 billion has been sold under the at the market equity distribution program.

During the years ended December 31, 2024, 2023, and 2022, there were no shares of common stock issued under the at the market equity distribution program.

There were no settlements of forward sale agreements for the year ended December 31, 2024. During the years ended December 31, 2023 and 2022, Entergy Corporation physically settled its obligations under the following forward sale agreements:


	Effective Date of Forward Sale Agreements	Shares of Common Stock Issued	Gross Sales Price	Forward Sellers Fees	Forward Sale Price per Share	Cash Proceeds at Settlement
			(Dollars In Thousands, Except Per Share Data)
Forward sale agreements settled in November 2022:
	June 2021	833,706	$45,000	$450
	August 2021	3,385,110	$190,074	$1,901
	September 2021	501,486	$25,419	$254
	March 2022	3,076,020	$167,997	$1,680
	June 2022	4,248,172	$250,899	$2,509
	September 2022	3,332,344	$194,231	$1,942
Total		15,376,838			$56.25	$853,257

Forward sale agreements settled in November 2023:
	June 2023	205,990	$10,524	$105
	June 2023	730,614	$37,375	$374
Total		936,604			$50.69	$47,786

Forward sale agreements settled in December 2023:
	November 2023	1,706,234	$84,000	$840
Total		1,706,234			$48.74	$83,312

Entergy Corporation incurred an aggregate amount of approximately $0.7 million of general issuance costs associated with the November 2022 settlement and approximately $0.4 million of general issuance costs associated with the November 2023 and December 2023 settlements. Entergy Corporation used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy Corporation’s revolving credit facility, and other debt.

The following forward sale agreements entered into by Entergy Corporation remain outstanding as of December 31, 2024:


Effective Date	Shares of Common Stock per Forward Sale Agreements	Maturity Date	Forward Sale Price per Share (a)	Gross Sales Price	Forward Sellers Fees
			(Dollars In Thousands, Except Per Share Data)
December 2023	5,506,492	May 2025	$50.56	$280,459	$2,805
March 2024	569,844	May 2025	$50.91	$29,318	$293
March 2024	2,320,830	May 2025	$50.73	$119,153	$1,192
May 2024	2,556,832	July 2025	$55.38	$142,387	$1,424
May 2024	2,466,470	July 2025	$54.05	$134,396	$1,344
June 2024	2,140,006	July 2025	$52.94	$114,540	$1,145
August 2024	2,225,832	October 2025	$57.67	$130,393	$1,304
August 2024	3,466,772	October 2025	$58.84	$205,454	$2,055
September 2024	3,069,070	October 2025	$60.14	$186,266	$1,863
September 2024	888,756	October 2025	$64.22	$57,702	$577

(a)Forward prices were updated with the counterparties as of December 13, 2024 in response to the stock split which was deemed an adjustment event.

No amounts are recorded on Entergy’s balance sheet with respect to the equity offerings until settlements of the equity forward sale agreements occur.

The forward sale agreements require Entergy Corporation to, at its election prior to the maturity date, either (i) physically settle the transactions by issuing the total shares of common stock per the respective forward sale agreement to the forward counterparties in exchange for net proceeds at the then-applicable forward sale price specified by the respective agreement (initial forward sale price) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. Each forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the respective agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold shares of Entergy Corporation’s common stock (gross sales price). In connection with the sale of these shares, Entergy Corporation paid the forward seller fees and these fees have not been deducted from the gross sales prices. Entergy Corporation did not receive any proceeds from such sales of borrowed shares.

Retained Earnings and Dividends

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $484 million in 2024, $189 million in 2023, and $301 million in 2022.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	($162,460)	($191,754)

Other comprehensive income (loss) before reclassifications	(31,676)	36,404
Amounts reclassified from accumulated other comprehensive income (loss)	236,905	(7,110)
Net other comprehensive income for the period	205,229	29,294

Ending balance, December 31,	$42,769	($162,460)

The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	$54,798	$55,370

Other comprehensive income before reclassifications	6,953	5,603
Amounts reclassified from accumulated other comprehensive income	(8,093)	(6,175)
Net other comprehensive loss for the period	(1,140)	(572)

Ending balance, December 31,	$53,658	$54,798

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$13,896	$13,586	(a)
Amortization of net gain	7,327	6,590	(a)
Settlement loss	(319,978)	(10,848)	(a)
Total amortization and settlement loss	(298,755)	9,328
Income taxes	61,850	(2,218)	Income taxes
Total amortization and settlement loss (net of tax)	($236,905)	$7,110

Total reclassifications for the period (net of tax)	($236,905)	$7,110

(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$4,544	$3,804	(a)
Amortization of net gain	6,533	6,263	(a)
Settlement loss	(2)	(1,617)	(a)
Total amortization and settlement loss	11,075	8,450
Income taxes	(2,982)	(2,275)	Income taxes
Total amortization and settlement loss (net of tax)	8,093	6,175

Total reclassifications for the period (net of tax)	$8,093	$6,175

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Common Equity Disclosure [Text Block]

COMMON EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Common Stock

On October 30, 2024, Entergy’s board of directors approved a two-for-one forward stock split of Entergy Corporation common stock (the stock split). On December 12, 2024, Entergy effected the stock split and a proportionate increase in the number of authorized shares of its common stock. Shares began trading on a split-adjusted basis at market open on December 13, 2024. Entergy’s authorized common stock increased from 499 million to 998 million shares. The shares of common stock retain a par value of $0.01 per share. Accordingly, an amount equal to the par value of the increased shares resulting from the stock split was reclassified from capital in excess of par value to common stock. Historical share and share-based data presented herein has been retroactively adjusted to reflect the stock split.

The following table presents Entergy’s basic and diluted earnings per share calculations included on the consolidated income statements:


	For the Years Ended December 31,
	2024		2023		2022
	(Dollars In Thousands, Except Per Share Data; Shares in Millions)
		$/share		$/share		$/share
Consolidated net income	$1,061,184		$2,362,310		$1,097,138
Less: Preferred dividend requirements of subsidiaries and noncontrolling interests	5,594		5,774		(6,028)
Net income attributable to Entergy Corporation	$1,055,590		$2,356,536		$1,103,166
Basic shares and earnings per average common share	427.7	$2.47	423.1	$5.57	408.9	$2.70
Average dilutive effect of:
Stock options	0.6	—	0.6	(0.01)	1.0	(0.01)
Other equity plans	1.3	(0.01)	1.1	(0.01)	1.0	(0.01)
Equity forwards	2.0	(0.01)	—	—	0.2	—
Diluted shares and earnings per average common share	431.6	$2.45	424.8	$5.55	411.1	$2.68

Earnings per share dilution resulting from stock options outstanding and other equity plans is determined under the treasury stock method. The calculation of diluted earnings per share excluded 1,857,250 stock options outstanding in 2024, 2,359,923 stock options outstanding in 2023, and 1,862,906 stock options outstanding in 2022 because their effect would have been antidilutive. Until settlement of the forward sale agreements discussed below in “Equity Distribution Program”, earnings per share dilution resulting from the agreements, if any, is determined under the treasury stock method. Share dilution occurs when the average market price of Entergy Corporation’s common stock is higher than the average forward sales price. The calculation of diluted earnings per share excluded 2,373,682 shares in 2024 and 3,525,418 shares in 2023 under forward sale agreements outstanding because their effect would have been antidilutive. There were no forward sale agreements outstanding as of December 31, 2022.

Common stock and treasury stock shares activity for Entergy for 2024, 2023, and 2022 is as follows:


	2024		2023		2022
	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares	Common Shares Issued	Treasury Shares
Beginning Balance, January 1	561,950,696	136,253,556	559,307,858	136,954,858	543,931,020	138,624,652
Issuances:
Equity Distribution Program	—	—	2,642,838	—	15,376,838	—
Employee Stock-Based Compensation Plans	—	(3,855,200)	—	(673,242)	—	(1,636,732)
Directors’ Plan	—	(28,076)	—	(28,060)	—	(33,062)
Ending Balance, December 31	561,950,696	132,370,280	561,950,696	136,253,556	559,307,858	136,954,858

Entergy Corporation reissues treasury shares to meet the requirements of the Stock Plan for Outside Directors (Directors’ Plan), the three equity plans of Entergy Corporation and Subsidiaries, and certain other stock benefit plans. The Directors’ Plan awards to non-employee directors a portion of their compensation in the form of a fixed dollar value of shares of Entergy Corporation common stock.

In October 2010 the Board granted authority for a $500 million share repurchase program. As of December 31, 2024, $350 million of authority remains under the $500 million share repurchase program.

Dividends declared per common share were $2.30 in 2024, $2.17 in 2023, and $2.05 in 2022.

Equity Distribution Program

In January 2021, Entergy Corporation entered into an equity distribution sales agreement with several counterparties establishing an at the market equity distribution program, pursuant to which Entergy Corporation may offer and sell from time to time shares of its common stock. The sales agreement provides that, in addition to the issuance and sale of shares of Entergy Corporation common stock, Entergy Corporation may enter into forward sale agreements for the sale of its common stock. In May 2024, Entergy Corporation entered into an amendment to the equity distribution sales agreement for its at the market equity distribution program wherein it increased by an additional $1 billion the aggregate gross sales price authorized under the at the market equity distribution program and added additional agents, forward purchasers, and forward sellers. The aggregate number of shares of common stock sold under this sales agreement and under any forward sale agreement may not exceed an aggregate gross sales price of $3 billion. As of December 31, 2024, an aggregate gross sales price of approximately $2.6 billion has been sold under the at the market equity distribution program.

During the years ended December 31, 2024, 2023, and 2022, there were no shares of common stock issued under the at the market equity distribution program.

There were no settlements of forward sale agreements for the year ended December 31, 2024. During the years ended December 31, 2023 and 2022, Entergy Corporation physically settled its obligations under the following forward sale agreements:


	Effective Date of Forward Sale Agreements	Shares of Common Stock Issued	Gross Sales Price	Forward Sellers Fees	Forward Sale Price per Share	Cash Proceeds at Settlement
			(Dollars In Thousands, Except Per Share Data)
Forward sale agreements settled in November 2022:
	June 2021	833,706	$45,000	$450
	August 2021	3,385,110	$190,074	$1,901
	September 2021	501,486	$25,419	$254
	March 2022	3,076,020	$167,997	$1,680
	June 2022	4,248,172	$250,899	$2,509
	September 2022	3,332,344	$194,231	$1,942
Total		15,376,838			$56.25	$853,257

Forward sale agreements settled in November 2023:
	June 2023	205,990	$10,524	$105
	June 2023	730,614	$37,375	$374
Total		936,604			$50.69	$47,786

Forward sale agreements settled in December 2023:
	November 2023	1,706,234	$84,000	$840
Total		1,706,234			$48.74	$83,312

Entergy Corporation incurred an aggregate amount of approximately $0.7 million of general issuance costs associated with the November 2022 settlement and approximately $0.4 million of general issuance costs associated with the November 2023 and December 2023 settlements. Entergy Corporation used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy Corporation’s revolving credit facility, and other debt.

The following forward sale agreements entered into by Entergy Corporation remain outstanding as of December 31, 2024:


Effective Date	Shares of Common Stock per Forward Sale Agreements	Maturity Date	Forward Sale Price per Share (a)	Gross Sales Price	Forward Sellers Fees
			(Dollars In Thousands, Except Per Share Data)
December 2023	5,506,492	May 2025	$50.56	$280,459	$2,805
March 2024	569,844	May 2025	$50.91	$29,318	$293
March 2024	2,320,830	May 2025	$50.73	$119,153	$1,192
May 2024	2,556,832	July 2025	$55.38	$142,387	$1,424
May 2024	2,466,470	July 2025	$54.05	$134,396	$1,344
June 2024	2,140,006	July 2025	$52.94	$114,540	$1,145
August 2024	2,225,832	October 2025	$57.67	$130,393	$1,304
August 2024	3,466,772	October 2025	$58.84	$205,454	$2,055
September 2024	3,069,070	October 2025	$60.14	$186,266	$1,863
September 2024	888,756	October 2025	$64.22	$57,702	$577

(a)Forward prices were updated with the counterparties as of December 13, 2024 in response to the stock split which was deemed an adjustment event.

No amounts are recorded on Entergy’s balance sheet with respect to the equity offerings until settlements of the equity forward sale agreements occur.

The forward sale agreements require Entergy Corporation to, at its election prior to the maturity date, either (i) physically settle the transactions by issuing the total shares of common stock per the respective forward sale agreement to the forward counterparties in exchange for net proceeds at the then-applicable forward sale price specified by the respective agreement (initial forward sale price) or (ii) net settle the transactions in whole or in part through the delivery or receipt of cash or shares. Each forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the respective agreement. In connection with the forward sale agreements, the forward seller, or its affiliates, borrowed from third parties and sold shares of Entergy Corporation’s common stock (gross sales price). In connection with the sale of these shares, Entergy Corporation paid the forward seller fees and these fees have not been deducted from the gross sales prices. Entergy Corporation did not receive any proceeds from such sales of borrowed shares.

Retained Earnings and Dividends

Entergy Corporation received dividend payments and distributions from subsidiaries totaling $484 million in 2024, $189 million in 2023, and $301 million in 2022.

Comprehensive Income

Accumulated other comprehensive income (loss) is included in the equity section of the balance sheets of Entergy and Entergy Louisiana. The following table presents changes in accumulated other comprehensive income (loss) for Entergy for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	($162,460)	($191,754)

Other comprehensive income (loss) before reclassifications	(31,676)	36,404
Amounts reclassified from accumulated other comprehensive income (loss)	236,905	(7,110)
Net other comprehensive income for the period	205,229	29,294

Ending balance, December 31,	$42,769	($162,460)

The following table presents changes in accumulated other comprehensive income for Entergy Louisiana for the years ended December 31, 2024 and 2023:


	Pension and Other Postretirement Plan Changes
	2024	2023
	(In Thousands)
Beginning balance, January 1,	$54,798	$55,370

Other comprehensive income before reclassifications	6,953	5,603
Amounts reclassified from accumulated other comprehensive income	(8,093)	(6,175)
Net other comprehensive loss for the period	(1,140)	(572)

Ending balance, December 31,	$53,658	$54,798

Total reclassifications out of accumulated other comprehensive income (loss) (AOCI) for Entergy for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$13,896	$13,586	(a)
Amortization of net gain	7,327	6,590	(a)
Settlement loss	(319,978)	(10,848)	(a)
Total amortization and settlement loss	(298,755)	9,328
Income taxes	61,850	(2,218)	Income taxes
Total amortization and settlement loss (net of tax)	($236,905)	$7,110

Total reclassifications for the period (net of tax)	($236,905)	$7,110

(a)These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.

Total reclassifications out of accumulated other comprehensive income (AOCI) for Entergy Louisiana for the years ended December 31, 2024 and 2023 are as follows:


	Amounts reclassified from AOCI		Income Statement Location
	2024	2023
	(In Thousands)
Pension and other postretirement plan changes
Amortization of prior service credit	$4,544	$3,804	(a)
Amortization of net gain	6,533	6,263	(a)
Settlement loss	(2)	(1,617)	(a)
Total amortization and settlement loss	11,075	8,450
Income taxes	(2,982)	(2,275)	Income taxes
Total amortization and settlement loss (net of tax)	8,093	6,175

Total reclassifications for the period (net of tax)	$8,093	$6,175

(a)These accumulated other comprehensive income components are included in the computation of net periodic pension and other postretirement cost. See Note 11 to the financial statements for additional details.