QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2016 and 2015 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2016:
First Quarter		$2,609,852		$498,218			$235,242			$229,966
Second Quarter		$2,462,562		$442,258			$572,590			$567,314
Third Quarter		$3,124,703		$772,060			$393,204			$388,170
Fourth Quarter		$2,648,528		($2,599,001	)		($1,765,539	)		($1,769,068	)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573

Earnings (loss) per average common share



	2016						2015
	Basic			Diluted			Basic			Diluted
First Quarter		$1.29			$1.28			$1.66			$1.65
Second Quarter		$3.17			$3.16			$0.83			$0.83
Third Quarter		$2.17			$2.16			($4.04	)		($4.04	)
Fourth Quarter		($9.89	)		($9.86	)		$0.56			$0.56

Results of operations for 2016 include $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. Results of operations for 2016 also include a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a tax election to treat a subsidiary that owns one of the Entergy Wholesale Commodities nuclear power plants as a corporation for federal income tax purposes; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 3 to the financial statements for additional discussion of the income tax items and Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

Results of operations for 2015 includes $2,036 million ($1,317 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ FitzPatrick, Pilgrim, and Palisades plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of the stipulated settlement in the business combination proceeding. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and regulatory charges to recognize that a portion of the assets associated with the Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2016 and 2015 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$465,373		$955,145		$263,046		$149,340		$378,304		$137,693
Second Quarter		$504,252		$999,034		$248,138		$164,920		$412,922		$151,323
Third Quarter		$654,599		$1,249,452		$309,739		$201,336		$442,085		$114,039
Fourth Quarter		$462,384		$973,417		$273,726		$149,867		$382,308		$145,236
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$54,378			$181,618		$41,573		$21,880		$41,269		$47,466
Second Quarter		$73,447			$193,752		$61,890		$26,913		$58,039		$45,020
Third Quarter		$188,660			$312,951		$88,312		$42,279		$107,964		$43,886
Fourth Quarter		$29,843			$111,066		$32,464		$8,807		$38,338		$44,781
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas			System Energy
	(In Thousands)
2016:
First Quarter		$19,294			$111,606		$17,118		$11,167		$14,562			$25,958
Second Quarter		$33,891			$253,325		$32,194		$11,843		$24,058			$25,090
Third Quarter		$110,148			$189,506		$46,612		$23,701		$56,133			$22,370
Fourth Quarter		$3,879			$67,610		$13,260		$2,138		$12,785			$23,326
2015:
First Quarter		$17,865			$126,109		$24,935		$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279		$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576		$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918		$3,575		($5,170	)		$38,702

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2016:
First Quarter		$17,576			$111,606		$16,411		$10,926
Second Quarter		$32,173			$253,325		$31,487		$11,602
Third Quarter		$108,672			$189,506		$45,905		$23,460
Fourth Quarter		$3,521			$67,610		$12,938		$1,896
2015:
First Quarter		$16,147			$124,165		$24,228		$11,051
Second Quarter		$19,807			$107,037		$25,572		$10,654
Third Quarter		$53,944			$185,290		$35,869		$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211		$3,333

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2016 and 2015 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2016:
First Quarter		$2,609,852		$498,218			$235,242			$229,966
Second Quarter		$2,462,562		$442,258			$572,590			$567,314
Third Quarter		$3,124,703		$772,060			$393,204			$388,170
Fourth Quarter		$2,648,528		($2,599,001	)		($1,765,539	)		($1,769,068	)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573

Earnings (loss) per average common share



	2016						2015
	Basic			Diluted			Basic			Diluted
First Quarter		$1.29			$1.28			$1.66			$1.65
Second Quarter		$3.17			$3.16			$0.83			$0.83
Third Quarter		$2.17			$2.16			($4.04	)		($4.04	)
Fourth Quarter		($9.89	)		($9.86	)		$0.56			$0.56

Results of operations for 2016 include $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. Results of operations for 2016 also include a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a tax election to treat a subsidiary that owns one of the Entergy Wholesale Commodities nuclear power plants as a corporation for federal income tax purposes; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 3 to the financial statements for additional discussion of the income tax items and Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

Results of operations for 2015 includes $2,036 million ($1,317 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ FitzPatrick, Pilgrim, and Palisades plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of the stipulated settlement in the business combination proceeding. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and regulatory charges to recognize that a portion of the assets associated with the Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2016 and 2015 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$465,373		$955,145		$263,046		$149,340		$378,304		$137,693
Second Quarter		$504,252		$999,034		$248,138		$164,920		$412,922		$151,323
Third Quarter		$654,599		$1,249,452		$309,739		$201,336		$442,085		$114,039
Fourth Quarter		$462,384		$973,417		$273,726		$149,867		$382,308		$145,236
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$54,378			$181,618		$41,573		$21,880		$41,269		$47,466
Second Quarter		$73,447			$193,752		$61,890		$26,913		$58,039		$45,020
Third Quarter		$188,660			$312,951		$88,312		$42,279		$107,964		$43,886
Fourth Quarter		$29,843			$111,066		$32,464		$8,807		$38,338		$44,781
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas			System Energy
	(In Thousands)
2016:
First Quarter		$19,294			$111,606		$17,118		$11,167		$14,562			$25,958
Second Quarter		$33,891			$253,325		$32,194		$11,843		$24,058			$25,090
Third Quarter		$110,148			$189,506		$46,612		$23,701		$56,133			$22,370
Fourth Quarter		$3,879			$67,610		$13,260		$2,138		$12,785			$23,326
2015:
First Quarter		$17,865			$126,109		$24,935		$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279		$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576		$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918		$3,575		($5,170	)		$38,702

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2016:
First Quarter		$17,576			$111,606		$16,411		$10,926
Second Quarter		$32,173			$253,325		$31,487		$11,602
Third Quarter		$108,672			$189,506		$45,905		$23,460
Fourth Quarter		$3,521			$67,610		$12,938		$1,896
2015:
First Quarter		$16,147			$124,165		$24,228		$11,051
Second Quarter		$19,807			$107,037		$25,572		$10,654
Third Quarter		$53,944			$185,290		$35,869		$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211		$3,333

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2016 and 2015 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2016:
First Quarter		$2,609,852		$498,218			$235,242			$229,966
Second Quarter		$2,462,562		$442,258			$572,590			$567,314
Third Quarter		$3,124,703		$772,060			$393,204			$388,170
Fourth Quarter		$2,648,528		($2,599,001	)		($1,765,539	)		($1,769,068	)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573

Earnings (loss) per average common share



	2016						2015
	Basic			Diluted			Basic			Diluted
First Quarter		$1.29			$1.28			$1.66			$1.65
Second Quarter		$3.17			$3.16			$0.83			$0.83
Third Quarter		$2.17			$2.16			($4.04	)		($4.04	)
Fourth Quarter		($9.89	)		($9.86	)		$0.56			$0.56

Results of operations for 2016 include $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. Results of operations for 2016 also include a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a tax election to treat a subsidiary that owns one of the Entergy Wholesale Commodities nuclear power plants as a corporation for federal income tax purposes; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 3 to the financial statements for additional discussion of the income tax items and Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

Results of operations for 2015 includes $2,036 million ($1,317 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ FitzPatrick, Pilgrim, and Palisades plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of the stipulated settlement in the business combination proceeding. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and regulatory charges to recognize that a portion of the assets associated with the Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2016 and 2015 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$465,373		$955,145		$263,046		$149,340		$378,304		$137,693
Second Quarter		$504,252		$999,034		$248,138		$164,920		$412,922		$151,323
Third Quarter		$654,599		$1,249,452		$309,739		$201,336		$442,085		$114,039
Fourth Quarter		$462,384		$973,417		$273,726		$149,867		$382,308		$145,236
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$54,378			$181,618		$41,573		$21,880		$41,269		$47,466
Second Quarter		$73,447			$193,752		$61,890		$26,913		$58,039		$45,020
Third Quarter		$188,660			$312,951		$88,312		$42,279		$107,964		$43,886
Fourth Quarter		$29,843			$111,066		$32,464		$8,807		$38,338		$44,781
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas			System Energy
	(In Thousands)
2016:
First Quarter		$19,294			$111,606		$17,118		$11,167		$14,562			$25,958
Second Quarter		$33,891			$253,325		$32,194		$11,843		$24,058			$25,090
Third Quarter		$110,148			$189,506		$46,612		$23,701		$56,133			$22,370
Fourth Quarter		$3,879			$67,610		$13,260		$2,138		$12,785			$23,326
2015:
First Quarter		$17,865			$126,109		$24,935		$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279		$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576		$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918		$3,575		($5,170	)		$38,702

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2016:
First Quarter		$17,576			$111,606		$16,411		$10,926
Second Quarter		$32,173			$253,325		$31,487		$11,602
Third Quarter		$108,672			$189,506		$45,905		$23,460
Fourth Quarter		$3,521			$67,610		$12,938		$1,896
2015:
First Quarter		$16,147			$124,165		$24,228		$11,051
Second Quarter		$19,807			$107,037		$25,572		$10,654
Third Quarter		$53,944			$185,290		$35,869		$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211		$3,333

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2016 and 2015 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2016:
First Quarter		$2,609,852		$498,218			$235,242			$229,966
Second Quarter		$2,462,562		$442,258			$572,590			$567,314
Third Quarter		$3,124,703		$772,060			$393,204			$388,170
Fourth Quarter		$2,648,528		($2,599,001	)		($1,765,539	)		($1,769,068	)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573

Earnings (loss) per average common share



	2016						2015
	Basic			Diluted			Basic			Diluted
First Quarter		$1.29			$1.28			$1.66			$1.65
Second Quarter		$3.17			$3.16			$0.83			$0.83
Third Quarter		$2.17			$2.16			($4.04	)		($4.04	)
Fourth Quarter		($9.89	)		($9.86	)		$0.56			$0.56

Results of operations for 2016 include $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. Results of operations for 2016 also include a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a tax election to treat a subsidiary that owns one of the Entergy Wholesale Commodities nuclear power plants as a corporation for federal income tax purposes; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 3 to the financial statements for additional discussion of the income tax items and Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

Results of operations for 2015 includes $2,036 million ($1,317 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ FitzPatrick, Pilgrim, and Palisades plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of the stipulated settlement in the business combination proceeding. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and regulatory charges to recognize that a portion of the assets associated with the Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2016 and 2015 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$465,373		$955,145		$263,046		$149,340		$378,304		$137,693
Second Quarter		$504,252		$999,034		$248,138		$164,920		$412,922		$151,323
Third Quarter		$654,599		$1,249,452		$309,739		$201,336		$442,085		$114,039
Fourth Quarter		$462,384		$973,417		$273,726		$149,867		$382,308		$145,236
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$54,378			$181,618		$41,573		$21,880		$41,269		$47,466
Second Quarter		$73,447			$193,752		$61,890		$26,913		$58,039		$45,020
Third Quarter		$188,660			$312,951		$88,312		$42,279		$107,964		$43,886
Fourth Quarter		$29,843			$111,066		$32,464		$8,807		$38,338		$44,781
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas			System Energy
	(In Thousands)
2016:
First Quarter		$19,294			$111,606		$17,118		$11,167		$14,562			$25,958
Second Quarter		$33,891			$253,325		$32,194		$11,843		$24,058			$25,090
Third Quarter		$110,148			$189,506		$46,612		$23,701		$56,133			$22,370
Fourth Quarter		$3,879			$67,610		$13,260		$2,138		$12,785			$23,326
2015:
First Quarter		$17,865			$126,109		$24,935		$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279		$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576		$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918		$3,575		($5,170	)		$38,702

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2016:
First Quarter		$17,576			$111,606		$16,411		$10,926
Second Quarter		$32,173			$253,325		$31,487		$11,602
Third Quarter		$108,672			$189,506		$45,905		$23,460
Fourth Quarter		$3,521			$67,610		$12,938		$1,896
2015:
First Quarter		$16,147			$124,165		$24,228		$11,051
Second Quarter		$19,807			$107,037		$25,572		$10,654
Third Quarter		$53,944			$185,290		$35,869		$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211		$3,333

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2016 and 2015 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2016:
First Quarter		$2,609,852		$498,218			$235,242			$229,966
Second Quarter		$2,462,562		$442,258			$572,590			$567,314
Third Quarter		$3,124,703		$772,060			$393,204			$388,170
Fourth Quarter		$2,648,528		($2,599,001	)		($1,765,539	)		($1,769,068	)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573

Earnings (loss) per average common share



	2016						2015
	Basic			Diluted			Basic			Diluted
First Quarter		$1.29			$1.28			$1.66			$1.65
Second Quarter		$3.17			$3.16			$0.83			$0.83
Third Quarter		$2.17			$2.16			($4.04	)		($4.04	)
Fourth Quarter		($9.89	)		($9.86	)		$0.56			$0.56

Results of operations for 2016 include $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. Results of operations for 2016 also include a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a tax election to treat a subsidiary that owns one of the Entergy Wholesale Commodities nuclear power plants as a corporation for federal income tax purposes; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 3 to the financial statements for additional discussion of the income tax items and Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

Results of operations for 2015 includes $2,036 million ($1,317 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ FitzPatrick, Pilgrim, and Palisades plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of the stipulated settlement in the business combination proceeding. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and regulatory charges to recognize that a portion of the assets associated with the Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2016 and 2015 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$465,373		$955,145		$263,046		$149,340		$378,304		$137,693
Second Quarter		$504,252		$999,034		$248,138		$164,920		$412,922		$151,323
Third Quarter		$654,599		$1,249,452		$309,739		$201,336		$442,085		$114,039
Fourth Quarter		$462,384		$973,417		$273,726		$149,867		$382,308		$145,236
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$54,378			$181,618		$41,573		$21,880		$41,269		$47,466
Second Quarter		$73,447			$193,752		$61,890		$26,913		$58,039		$45,020
Third Quarter		$188,660			$312,951		$88,312		$42,279		$107,964		$43,886
Fourth Quarter		$29,843			$111,066		$32,464		$8,807		$38,338		$44,781
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas			System Energy
	(In Thousands)
2016:
First Quarter		$19,294			$111,606		$17,118		$11,167		$14,562			$25,958
Second Quarter		$33,891			$253,325		$32,194		$11,843		$24,058			$25,090
Third Quarter		$110,148			$189,506		$46,612		$23,701		$56,133			$22,370
Fourth Quarter		$3,879			$67,610		$13,260		$2,138		$12,785			$23,326
2015:
First Quarter		$17,865			$126,109		$24,935		$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279		$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576		$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918		$3,575		($5,170	)		$38,702

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2016:
First Quarter		$17,576			$111,606		$16,411		$10,926
Second Quarter		$32,173			$253,325		$31,487		$11,602
Third Quarter		$108,672			$189,506		$45,905		$23,460
Fourth Quarter		$3,521			$67,610		$12,938		$1,896
2015:
First Quarter		$16,147			$124,165		$24,228		$11,051
Second Quarter		$19,807			$107,037		$25,572		$10,654
Third Quarter		$53,944			$185,290		$35,869		$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211		$3,333

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2016 and 2015 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2016:
First Quarter		$2,609,852		$498,218			$235,242			$229,966
Second Quarter		$2,462,562		$442,258			$572,590			$567,314
Third Quarter		$3,124,703		$772,060			$393,204			$388,170
Fourth Quarter		$2,648,528		($2,599,001	)		($1,765,539	)		($1,769,068	)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573

Earnings (loss) per average common share



	2016						2015
	Basic			Diluted			Basic			Diluted
First Quarter		$1.29			$1.28			$1.66			$1.65
Second Quarter		$3.17			$3.16			$0.83			$0.83
Third Quarter		$2.17			$2.16			($4.04	)		($4.04	)
Fourth Quarter		($9.89	)		($9.86	)		$0.56			$0.56

Results of operations for 2016 include $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. Results of operations for 2016 also include a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a tax election to treat a subsidiary that owns one of the Entergy Wholesale Commodities nuclear power plants as a corporation for federal income tax purposes; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 3 to the financial statements for additional discussion of the income tax items and Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

Results of operations for 2015 includes $2,036 million ($1,317 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ FitzPatrick, Pilgrim, and Palisades plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of the stipulated settlement in the business combination proceeding. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and regulatory charges to recognize that a portion of the assets associated with the Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2016 and 2015 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$465,373		$955,145		$263,046		$149,340		$378,304		$137,693
Second Quarter		$504,252		$999,034		$248,138		$164,920		$412,922		$151,323
Third Quarter		$654,599		$1,249,452		$309,739		$201,336		$442,085		$114,039
Fourth Quarter		$462,384		$973,417		$273,726		$149,867		$382,308		$145,236
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$54,378			$181,618		$41,573		$21,880		$41,269		$47,466
Second Quarter		$73,447			$193,752		$61,890		$26,913		$58,039		$45,020
Third Quarter		$188,660			$312,951		$88,312		$42,279		$107,964		$43,886
Fourth Quarter		$29,843			$111,066		$32,464		$8,807		$38,338		$44,781
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas			System Energy
	(In Thousands)
2016:
First Quarter		$19,294			$111,606		$17,118		$11,167		$14,562			$25,958
Second Quarter		$33,891			$253,325		$32,194		$11,843		$24,058			$25,090
Third Quarter		$110,148			$189,506		$46,612		$23,701		$56,133			$22,370
Fourth Quarter		$3,879			$67,610		$13,260		$2,138		$12,785			$23,326
2015:
First Quarter		$17,865			$126,109		$24,935		$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279		$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576		$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918		$3,575		($5,170	)		$38,702

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2016:
First Quarter		$17,576			$111,606		$16,411		$10,926
Second Quarter		$32,173			$253,325		$31,487		$11,602
Third Quarter		$108,672			$189,506		$45,905		$23,460
Fourth Quarter		$3,521			$67,610		$12,938		$1,896
2015:
First Quarter		$16,147			$124,165		$24,228		$11,051
Second Quarter		$19,807			$107,037		$25,572		$10,654
Third Quarter		$53,944			$185,290		$35,869		$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211		$3,333

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2016 and 2015 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2016:
First Quarter		$2,609,852		$498,218			$235,242			$229,966
Second Quarter		$2,462,562		$442,258			$572,590			$567,314
Third Quarter		$3,124,703		$772,060			$393,204			$388,170
Fourth Quarter		$2,648,528		($2,599,001	)		($1,765,539	)		($1,769,068	)
2015:
First Quarter		$2,920,090		$542,769			$302,929			$298,050
Second Quarter		$2,713,231		$377,383			$153,722			$148,843
Third Quarter		$3,371,406		($965,016	)		($718,233	)		($723,027	)
Fourth Quarter		$2,508,523		($254,300	)		$104,849			$99,573

Earnings (loss) per average common share



	2016						2015
	Basic			Diluted			Basic			Diluted
First Quarter		$1.29			$1.28			$1.66			$1.65
Second Quarter		$3.17			$3.16			$0.83			$0.83
Third Quarter		$2.17			$2.16			($4.04	)		($4.04	)
Fourth Quarter		($9.89	)		($9.86	)		$0.56			$0.56

Results of operations for 2016 include $2,836 million ($1,829 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ Palisades, Indian Point 2, and Indian Point 3 plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. Results of operations for 2016 also include a reduction of income tax expense, net of unrecognized tax benefits, of $238 million as a result of a tax election to treat a subsidiary that owns one of the Entergy Wholesale Commodities nuclear power plants as a corporation for federal income tax purposes; income tax benefits as a result of the settlement of the 2010-2011 IRS audit, including a $75 million tax benefit recognized by Entergy Louisiana related to the treatment of the Vidalia purchased power agreement and a $54 million net benefit recognized by Entergy Louisiana related to the treatment of proceeds received in 2010 for the financing of Hurricane Gustav and Hurricane Ike storm costs pursuant to Louisiana Act 55; and a reduction in expenses of $100 million ($64 million net-of-tax) due to the effects of recording in 2016 the final court decisions in several lawsuits against the DOE related to spent nuclear fuel storage costs. See Note 3 to the financial statements for additional discussion of the income tax items and Note 8 to the financial statements for discussion of the spent nuclear fuel litigation.

Results of operations for 2015 includes $2,036 million ($1,317 million net-of-tax) of impairment and related charges primarily to write down the carrying values of the Entergy Wholesale Commodities’ FitzPatrick, Pilgrim, and Palisades plants and related assets to their fair values. See Note 14 to the financial statements for further discussion of the impairment and related charges. As a result of the Entergy Louisiana and Entergy Gulf States Louisiana business combination, results of operations for 2015 also include two items that occurred in October 2015: 1) a deferred tax asset and resulting net increase in tax basis of approximately $334 million and 2) a regulatory liability of $107 million ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of the stipulated settlement in the business combination proceeding. See Note 2 to the financial statements for further discussion of the business combination and customer credits. Results of operations for 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and regulatory charges to recognize that a portion of the assets associated with the Waterford 3 replacement steam generator project is no longer probable of recovery. See Note 2 to the financial statements for further discussion of the Waterford 3 write-off.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2016 and 2015 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$465,373		$955,145		$263,046		$149,340		$378,304		$137,693
Second Quarter		$504,252		$999,034		$248,138		$164,920		$412,922		$151,323
Third Quarter		$654,599		$1,249,452		$309,739		$201,336		$442,085		$114,039
Fourth Quarter		$462,384		$973,417		$273,726		$149,867		$382,308		$145,236
2015:
First Quarter		$511,253		$1,069,191		$360,815		$156,626		$411,211		$156,039
Second Quarter		$551,809		$1,074,598		$344,975		$160,752		$402,921		$163,101
Third Quarter		$714,353		$1,298,482		$410,743		$209,733		$498,249		$155,899
Fourth Quarter		$476,149		$974,875		$280,452		$144,335		$394,822		$157,366

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2016:
First Quarter		$54,378			$181,618		$41,573		$21,880		$41,269		$47,466
Second Quarter		$73,447			$193,752		$61,890		$26,913		$58,039		$45,020
Third Quarter		$188,660			$312,951		$88,312		$42,279		$107,964		$43,886
Fourth Quarter		$29,843			$111,066		$32,464		$8,807		$38,338		$44,781
2015:
First Quarter		$36,656			$185,776		$54,839		$20,745		$44,013		$47,784
Second Quarter		$55,149			$191,068		$58,086		$20,154		$44,064		$45,470
Third Quarter		$109,236			$294,436		$74,264		$34,734		$86,624		$47,135
Fourth Quarter		($21,635	)		$47,052		$24,717		$9,337		$8,944		$45,239

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas			System Energy
	(In Thousands)
2016:
First Quarter		$19,294			$111,606		$17,118		$11,167		$14,562			$25,958
Second Quarter		$33,891			$253,325		$32,194		$11,843		$24,058			$25,090
Third Quarter		$110,148			$189,506		$46,612		$23,701		$56,133			$22,370
Fourth Quarter		$3,879			$67,610		$13,260		$2,138		$12,785			$23,326
2015:
First Quarter		$17,865			$126,109		$24,935		$11,292		$16,591			$25,533
Second Quarter		$21,525			$108,981		$26,279		$10,895		$14,890			$21,860
Third Quarter		$55,662			$187,140		$36,576		$19,163		$43,314			$25,223
Fourth Quarter		($20,780	)		$24,409		$4,918		$3,575		($5,170	)		$38,702

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2016:
First Quarter		$17,576			$111,606		$16,411		$10,926
Second Quarter		$32,173			$253,325		$31,487		$11,602
Third Quarter		$108,672			$189,506		$45,905		$23,460
Fourth Quarter		$3,521			$67,610		$12,938		$1,896
2015:
First Quarter		$16,147			$124,165		$24,228		$11,051
Second Quarter		$19,807			$107,037		$25,572		$10,654
Third Quarter		$53,944			$185,290		$35,869		$18,922
Fourth Quarter		($22,499	)		$24,410		$4,211		$3,333