Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income taxes for Entergy for 2025, 2024, and 2023 consist of the following:

	2025	2024	2023
	(In Thousands)
Current
Federal	$3,427	$66,708	$60,639
State	6,890	44,956	23,014
Total	10,317	111,664	83,653
Deferred and non-current - net
Federal	408,851	136,671	(815,222)
State	85,757	144,519	46,281
Total	494,608	281,190	(768,941)
Investment tax credits - net
Federal	(6,452)	(10,178)	(4,852)
State	(521)	(1,649)	(395)
Total	(6,973)	(11,827)	(5,247)
Income taxes	$497,952	$381,027	($690,535)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The reasons for the differences for the years 2025, 2024, and 2023 are:

	2025		2024		2023
	(Dollars In Thousands)
Net income attributable to Entergy Corporation	$1,758,272		$1,055,590		$2,356,536
Preferred dividend requirements of subsidiaries and noncontrolling interests	15,056		5,594		5,774
Consolidated net income	1,773,328		1,061,184		2,362,310
Income taxes	497,952		381,027		(690,535)
Income before income taxes	$2,271,280		$1,442,211		$1,671,775
Income taxes computed at Federal Statutory Tax rate	$476,969	21%	$302,864	21%	$351,073	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	92,942	4.1%	81,377	5.6%	70,144	4.2%
Regulatory differences - utility plant items	(30,443)	(1.3%)	(30,288)	(2.1%)	(27,901)	(1.7%)
Equity component of AFUDC	(37,357)	(1.6%)	(27,343)	(1.9%)	(20,172)	(1.2%)
Tax credits - amortization of investment tax credits	(8,067)	(0.4%)	(8,808)	(0.6%)	(7,978)	(0.5%)
Nontaxable or nondeductible items/flow-through	9,925	0.4%	33	—%	(1,374)	(0.1%)
Amortization of deficient/(excess) ADIT (a)	(25,947)	(1.1%)	19,169	1.3%	9,102	0.5%
IRS audit resolution (b)	—	—%	—	—%	(842,769)	(50.4%)
Reversal of regulatory liability (c)	—	—%	—	—%	(105,649)	(6.3%)
Entergy Louisiana securitization (d)	—	—%	—	—%	(129,034)	(7.7%)
State audit resolution (e)	—	—%	(9,057)	(0.6%)	—	—%
Enactment of new tax laws - state rate change (a)	—	—%	28,636	2.0%	—	—%
Changes in unrecognized tax benefits	12,434	0.5%	21,487	1.5%	18,884	1.1%
Changes in valuation allowances	4,134	0.2%	(780)	(0.1%)	(8,697)	(0.5%)
Other - net	3,362	0.1%	3,737	0.3%	3,836	0.2%
Total income taxes / Effective Tax Rate	$497,952	21.9%	$381,027	26.4%	($690,535)	(41.3%)

(a)See “Other Tax Matters - Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(b)See “Income Tax Audits - 2016-2018 IRS Audit” below for discussion of the resolution of the 2016-2018 IRS audit in 2023.

(c)See Note 2 to the financial statements for discussion of Entergy Louisiana’s reversal of a regulatory liability, primarily associated with the Hurricane Isaac securitization, initially recognized in 2017 as a result of the Tax Cuts and Jobs Act.

(d)See “Other Tax Matters – Act 293 Securitizations” below for discussion of the Entergy Louisiana March 2023 storm cost securitizations.

(e)See “Income Tax Audits - State Income Tax Audits” below for discussion of the resolution of the 2014-2018 Arkansas Department of Finance and Administration examination in 2024.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of accumulated deferred income taxes and taxes accrued for Entergy Corporation and Subsidiaries as of December 31, 2025 and 2024 are as follows:

	2025	2024
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($7,183,430)	($6,451,189)
Regulatory assets	(1,030,792)	(1,003,045)
Nuclear decommissioning trusts/receivables	(601,444)	(563,423)
Pension, net regulatory asset	(323,779)	(303,007)
Combined unitary state taxes	(2,911)	(3,600)
Power purchase agreements	13,270	(89,614)
Deferred fuel	(20,652)	(23,305)
Other	(161,274)	(206,648)
Total	(9,311,012)	(8,643,831)
Deferred tax assets:
Regulatory liabilities	1,325,440	1,394,937
Nuclear and other decommissioning liabilities	169,880	164,685
Pension and other postretirement benefits	27,723	22,646
Compensation	87,837	79,580
Accumulated deferred investment tax credit	49,248	52,709
Provision for allowances and contingencies	191,295	141,769
Unbilled/deferred revenues	(3,586)	(9,960)
Net operating loss carryforwards	2,761,672	2,672,993
Capital losses and miscellaneous tax credits	145,625	111,325
Valuation allowance	(335,105)	(338,508)
Other	167,209	212,563
Total	4,587,238	4,504,739
Non-current accrued taxes (including unrecognized tax benefits)	(853,367)	(309,669)
Accumulated deferred income taxes and taxes accrued	($5,577,141)	($4,448,761)

Summary of Operating Loss Carryforwards [Table Text Block]

Entergy’s estimated tax attributes carryovers and their expiration dates as of December 31, 2025 are as follows:

Carryover Description	Carryover Amount	Year(s) of expiration
Federal net operating losses before 1/1/2018	$4.4 billion	2028-2037
Federal net operating losses - 1/1/2018 forward	$14.4 billion	N/A
State net operating losses	$4.3 billion	2028-2045
State net operating losses with no expiration	$9.0 billion	N/A
Other federal and state carryforwards	$128.5 million	2026-2030
Miscellaneous federal and state credits	$413.3 million	2026-2045

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of Entergy’s beginning and ending amount of unrecognized tax benefits is as follows:

	2025	2024	2023
	(In Thousands)
Gross balance at January 1	$2,354,867	$2,439,910	$6,393,599
Additions based on tax positions related to the current year (a)	272,758	12,731	332,884
Additions for tax positions of prior years (a)	590,465	21,149	194,894
Reductions for tax positions of prior years (b)	(23,168)	(85,715)	(1,300,381)
Settlements (b)	—	(33,208)	(3,181,086)
Gross balance at December 31	3,194,922	2,354,867	2,439,910
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(2,332,640)	(2,079,778)	(2,160,484)
Cash paid to taxing authorities	(54,000)	(27,000)	—
Unrecognized tax benefits net of unused tax attributes and payments (c)	$808,282	$248,089	$279,426

(a)Amounts in 2025 are primarily related to production tax credits generated in 2024 and 2025. See “Other Tax Matters - Inflation Reduction Act of 2022” below.

(b)Amounts in 2023 are primarily related to the resolution of the 2016-2018 IRS audit as discussed in “Income Tax Audits - 2016-2018 IRS Audit” below. Amounts in 2024 are primarily related to the resolution of 2014-2018 Arkansas tax examination as discussed in “Income Tax Audits - State Income Tax Audits” below.

(c)Potential tax liability above what is payable on tax returns.

Schedule of income taxes paid by jurisdiction

Income taxes paid (received) for Entergy and the Registrant Subsidiaries for 2025 consist of the following:

2025	Entergy	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
		(In Thousands)
US Federal (a)	($519,892)	($215,224)	($198,285)	$—	$—	$21,000	($133,752)
US Federal - ETAA	—	(25,975)	(146,563)	82,541	7,076	—	5,715
US state
Arkansas	—	—	—	—	—	—	—
Louisiana	2,726	—	—	—	2,550	—	—
Mississippi	—	—	—	—	—	—	—
Texas	2,077	—	—	—	—	2,077	—
State tax - ETAA	—	(3,712)	553	—	471	440	(3,260)
Other	18	—	—	—	—	—	—
Total US state	4,821	(3,712)	553	—	3,021	2,517	(3,260)
Total income taxes paid (received)	($515,071)	($244,911)	($344,295)	$82,541	$10,097	$23,517	($131,297)

(a)Federal income taxes paid (received) includes the receipt of production tax credit sale proceeds at Entergy of $547 million, including $215 million, $198 million, and $134 million at Entergy Arkansas, Entergy Louisiana, and System Entergy, respectively.

Entergy Arkansas [Member]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income taxes for the Registrant Subsidiaries for 2025, 2024, and 2023 consist of the following:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	($21,471)	($104,215)	$49,157	$18,671	$4,479	($3,190)
State	(4,595)	(2,779)	8,905	3,169	3,442	(3,115)
Total	(26,066)	(106,994)	58,062	21,840	7,921	(6,305)
Deferred and non-current - net
Federal	117,798	297,466	26,320	(3,398)	58,464	18,485
State	17,379	51,897	10,991	(2,387)	(252)	7,339
Total	135,177	349,363	37,311	(5,785)	58,212	25,824
Investment tax credits - net
Federal	(1,231)	(4,556)	(76)	(200)	(767)	381
State	—	—	(196)	—	—	(325)
Total	(1,231)	(4,556)	(272)	(200)	(767)	56
Income taxes	$107,880	$237,813	$95,101	$15,855	$65,366	$19,575

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	($10,558)	($79,519)	$38,680	($8,022)	$8,281	($5,527)
State	(2,275)	1,709	2,407	5,331	5,468	(396)
Total	(12,833)	(77,810)	41,087	(2,691)	13,749	(5,923)
Deferred and non-current - net
Federal	68,988	201,737	25,316	9,297	51,588	29,470
State	19,649	106,098	14,292	(2,916)	1,114	9,939
Total	88,637	307,835	39,608	6,381	52,702	39,409
Investment tax credits - net
Federal	(1,230)	(4,616)	3	(848)	—	(2,716)
State	—	—	(383)	—	(767)	(1,267)
Total	(1,230)	(4,616)	(380)	(848)	(767)	(3,983)
Income taxes	$74,574	$225,409	$80,315	$2,842	$65,684	$29,503

2023	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	$33,100	($142,253)	$20,328	($99,343)	$2,851	$337
State	(4,201)	(6,397)	4,142	(5,854)	3,719	(1,570)
Total	28,899	(148,650)	24,470	(105,197)	6,570	(1,233)
Deferred and non-current - net
Federal	(164,493)	(94,167)	21,244	(78,442)	56,496	26,528
State	37,615	41,716	9,446	(6,302)	570	4,477
Total	(126,878)	(52,451)	30,690	(84,744)	57,066	31,005
Investment tax credits - net
Federal	(1,231)	(4,680)	(622)	(32)	(764)	2,482
State	—	—	(174)	—	—	(222)
Total	(1,231)	(4,680)	(796)	(32)	(764)	2,260
Income taxes	($99,210)	($205,781)	$54,364	($189,973)	$62,872	$32,032

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total income taxes for the Registrant Subsidiaries differ from the amounts computed by applying the statutory income tax rate to income before taxes. The reasons for the differences for each Registrant Subsidiary for the years 2025, 2024, and 2023 are:

Entergy Arkansas

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$440,532		$324,766		$402,081
Net loss attributable to noncontrolling interest	(3,079)		(5,300)		(5,231)
Net income	437,453		319,466		396,850
Income taxes	107,880		74,574		(99,210)
Income before income taxes	$545,333		$394,040		$297,640
Income taxes computed at Federal Statutory Tax rate statutory rate	$114,520	21%	$82,748	21%	$62,504	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	19,388	3.6%	13,940	3.5%	13,291	4.5%
Regulatory differences - utility plant items	(8,085)	(1.5%)	(9,885)	(2.5%)	(8,812)	(3.0%)
Equity component of AFUDC	(4,934)	(0.9%)	(6,032)	(1.5%)	(4,093)	(1.4%)
Tax credits - amortization of investment tax credits	(1,201)	(0.2%)	(1,201)	(0.3%)	(1,201)	(0.4%)
Nontaxable or nondeductible items/flow-through	(1,866)	(0.3%)	214	0.1%	1,105	0.4%
Amortization of deficient/(excess) ADIT (a)	(11,276)	(2.1%)	10,193	2.6%	(6,095)	(2.0%)
IRS audit resolution (b)	—	—%	—	—%	(159,588)	(53.6%)
State audit resolution (e)	—	—%	(18,276)	(4.6%)	—	—%
Changes in unrecognized tax benefits	(1,182)	(0.2%)	1,800	0.5%	2,600	0.9%
Changes in valuation allowances	1,462	0.3%	—	—%	—	—%
Other - net	1,054	0.2%	1,073	0.3%	1,079	0.4%
Total income taxes / Effective Tax Rate	$107,880	19.8%	$74,574	18.9%	($99,210)	(33.3%)

Entergy Louisiana

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$1,109,948		$887,645		$1,270,382
Net income attributable to noncontrolling interests	2,952		3,126		2,988
Net income	1,112,900		890,771		1,273,370
Income taxes	237,813		225,409		(205,781)
Income before income taxes	$1,350,713		$1,116,180		$1,067,589
Income taxes computed at Federal Statutory Tax rate statutory rate	$283,650	21%	$234,398	21%	$224,194	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	49,965	3.7%	50,760	4.5%	51,899	4.9%
Regulatory differences - utility plant items	(10,069)	(0.7%)	(9,988)	(0.9%)	(5,535)	(0.5%)
Equity component of AFUDC	(11,327)	(0.8%)	(7,513)	(0.7%)	(6,754)	(0.6%)
Tax credits - amortization of investment tax credits	(4,502)	(0.3%)	(4,563)	(0.4%)	(4,625)	(0.4%)
Nontaxable or nondeductible items/flow-through	(718)	(0.1%)	(3,244)	(0.3%)	126	—%
Amortization of deficient/(excess) ADIT (a)	(13,327)	(1.0%)	9,305	0.8%	14,032	1.3%
IRS audit resolution (b)	—	—%	—	—%	(179,111)	(16.8%)
Reversal of regulatory liability (c)	—	—%	—	—%	(105,649)	(9.9%)
Entergy Louisiana securitization (d)	—	—%	—	—%	(133,443)	(12.5%)
Enactment of new tax laws - state rate change (a)	—	—%	16,307	1.5%	—	—%
Non-taxable dividend income	(61,352)	(4.5%)	(64,982)	(5.8%)	(62,116)	(5.8%)
Changes in unrecognized tax benefits	4,307	0.3%	3,400	0.3%	(400)	—%
Changes in valuation allowances	5	—%	—	—%	—	—%
Other - net	1,181	0.1%	1,529	0.1%	1,601	0.1%
Total income taxes / Effective Tax Rate	$237,813	17.6%	$225,409	20.2%	($205,781)	(19.3%)

Entergy Mississippi

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$311,864		$255,958		$192,271
Net loss attributable to noncontrolling interest	(3,136)		(10,551)		(10,302)
Net income	308,728		245,407		181,969
Income taxes	95,101		80,315		54,364
Income before income taxes	$403,829		$325,722		$236,333
Income taxes computed at Federal Statutory Tax rate statutory rate	$84,804	21%	$68,402	21%	$49,630	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	15,876	3.9%	13,210	4.1%	11,133	4.7%
Regulatory differences - utility plant items	(5,400)	(1.3%)	(3,572)	(1.1%)	(5,290)	(2.2%)
Equity component of AFUDC	(1,984)	(0.5%)	(1,910)	(0.6%)	(1,796)	(0.8%)
Tax credits - amortization of investment tax credits	(228)	(0.1%)	(267)	(0.1%)	(223)	(0.1%)
Nontaxable or nondeductible items/flow-through	1,581	0.4%	2,987	0.9%	3,534	1.5%
IRS audit resolution (b)	—	—%	—	—%	(3,291)	(1.4%)
Changes in unrecognized tax benefits	93	—%	1,100	0.3%	300	0.1%
Other - net	359	0.1%	365	0.1%	367	0.2%
Total income taxes / Effective Tax Rate	$95,101	23.5%	$80,315	24.7%	$54,364	23.0%

Entergy New Orleans

	2025		2024		2023
	(Dollars In Thousands)
Net income	$50,411		$15,847		$228,938
Income taxes	15,855		2,842		(189,973)
Income before income taxes	$66,266		$18,689		$38,965
Income taxes computed at Federal Statutory Tax rate statutory rate	$13,916	21%	$3,925	21%	$8,183	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	3,985	6.0%	1,248	6.7%	1,907	4.9%
Regulatory differences - utility plant items	(131)	(0.2%)	(830)	(4.4%)	(1,353)	(3.5%)
Equity component of AFUDC	(390)	(0.6%)	(445)	(2.4%)	(309)	(0.8%)
Tax credits - amortization of investment tax credits	(97)	(0.1%)	(839)	(4.5%)	(25)	(0.1%)
Nontaxable or nondeductible items/flow-through	(1,138)	(1.7%)	(338)	(1.8%)	(1,913)	(4.9%)
Amortization of deficient/(excess) ADIT (a)	(1,344)	(2.0%)	(332)	(1.8%)	1,147	2.9%
IRS audit resolution (b)	—	—%	—	—%	(198,424)	(509.2%)
Enactment of new tax laws - state rate change (a)	—	—%	242	1.3%	—	—%
Changes in unrecognized tax benefits	847	1.3%	—	—%	600	1.5%
Other - net	207	0.3%	211	1.1%	214	0.5%
Total income taxes / Effective Tax Rate	$15,855	23.9%	$2,842	15.2%	($189,973)	(487.5%)

Entergy Texas

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to common stock	$331,999		$291,550		$289,201
Preferred dividend requirements	2,072		2,072		2,072
Net income	334,071		293,622		291,273
Income taxes	65,366		65,684		62,872
Income before income taxes	$399,437		$359,306		$354,145
Income taxes computed at Federal Statutory Tax rate statutory rate	$83,882	21%	$75,454	21%	$74,370	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	2,731	0.7%	5,164	1.4%	2,574	0.7%
Regulatory differences - utility plant items	(3,427)	(0.9%)	(4,537)	(1.3%)	(6,394)	(1.8%)
Equity component of AFUDC	(17,172)	(4.3%)	(10,045)	(2.8%)	(5,920)	(1.7%)
Tax credits - amortization of investment tax credits	(748)	(0.2%)	(748)	(0.2%)	(748)	(0.2%)
Nontaxable or nondeductible items/flow-through	(149)	—%	(760)	(0.2%)	1,493	0.4%
Amortization of deficient ADIT (a)		—%	2	—%	17	—%
IRS audit resolution (b)		—%	—	—%	(3,112)	(0.9%)
Changes in unrecognized tax benefits	(122)	—%	777	0.2%	211	0.1%
Other - net	371	0.1%	377	0.1%	381	0.1%
Total income taxes / Effective Tax Rate	$65,366	16.4%	$65,684	18.3%	$62,872	17.8%

System Energy

	2025		2024		2023
	(Dollars In Thousands)
Net income	$88,095		$103,500		$108,772
Income taxes	19,575		29,503		32,032
Income before income taxes	$107,670		$133,003		$140,804
Income taxes computed at Federal Statutory Tax rate statutory rate	$22,611	21%	$27,931	21%	$29,569	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	4,893	4.5%	4,936	3.7%	5,798	4.1%
Regulatory differences - utility plant items	(3,330)	(3.1%)	(1,475)	(1.1%)	(517)	(0.4%)
Equity component of AFUDC	(1,549)	(1.4%)	(1,398)	(1.1%)	(1,301)	(0.9%)
Tax credits - amortization of investment tax credits	(1,155)	(1.1%)	(1,155)	(0.9%)	(1,155)	(0.8%)
Nontaxable or nondeductible items/flow-through	(1,057)	(1.0%)	(538)	(0.4%)	(191)	(0.1%)
IRS audit resolution (b)	—	—%	—	—%	(1,575)	(1.1%)
Changes in unrecognized tax benefits	(1,036)	(1.0%)	1,000	0.8%	1,200	0.9%
Other - net	198	0.2%	202	0.2%	204	0.1%
Total income taxes / Effective Tax Rate	$19,575	18.2%	$29,503	22.2%	$32,032	22.7%

(a)See “Other Tax Matters - Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(b)See “Income Tax Audits - 2016-2018 IRS Audit” below for discussion of the resolution of the 2016-2018 IRS audit in 2023.

(c)See Note 2 to the financial statements for discussion of Entergy Louisiana’s reversal of a regulatory liability, primarily associated with the Hurricane Isaac securitization, recognized in 2017 as a result of the Tax Cuts and Jobs Act.

(d)See “Other Tax Matters - Act 293 Securitizations” below for discussion of the Entergy Louisiana March 2023 storm cost securitizations.

(e)See “Income Tax Audits - State Income Tax Audits” below for discussion of the resolution of the 2014-2018 Arkansas Department of Finance and Administration examination in 2024.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2025 and 2024 are as follows:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,752,176)	($2,993,462)	($927,853)	($243,442)	($788,106)	($473,895)
Regulatory assets	(237,989)	(469,902)	(39,316)	(53,375)	(111,154)	(119,157)
Nuclear decommissioning trusts/receivables	(223,747)	(202,364)	—	—	—	(175,341)
Pension, net regulatory asset	(102,847)	(87,917)	(26,416)	(8,725)	(15,642)	—
Power purchase agreements	13,633	(76,837)	1,140	(11,226)	(4,578)	—
Deferred fuel	(6,775)	(9,718)	(3,186)	(1)	(943)	(17)
Other	(20,874)	(88,305)	(4,763)	(2,208)	(6,158)	(10,214)
Total	(2,330,775)	(3,928,505)	(1,000,394)	(318,977)	(926,581)	(778,624)
Deferred tax assets:
Regulatory liabilities	348,063	595,662	51,201	70,190	35,726	226,660
Nuclear and other decommissioning liabilities	138,516	14,616	(155)	(407)	(449)	17,220
Pension and other postretirement benefits	(31,745)	41,555	(7,377)	(15,975)	(24,479)	(27,660)
Compensation	4,418	5,764	3,196	1,077	2,531	139
Accumulated deferred investment tax credit	6,067	23,882	3,291	3,909	1,358	10,740
Valuation allowance	(1,727)	(5)	—	—	—	—
Provision for allowances and contingencies	49,359	70,167	32,112	36,608	16,701	225
Unbilled/deferred revenues	5,490	(18,816)	897	(129)	8,561	—
Net operating loss carryforwards	169,743	360,028	—	6,803	54	84,302
Capital losses and miscellaneous tax credits	45,982	18,554	8,795	16,693	1,125	11,245
Other	10,373	40,459	(1,193)	612	404	36
Total	744,539	1,151,866	90,767	119,381	41,532	322,907
Non-current accrued taxes (including unrecognized tax benefits)	(260,477)	(316,579)	(17,107)	(1,749)	(62,018)	(169,448)
Accumulated deferred income taxes and taxes accrued	($1,846,713)	($3,093,218)	($926,734)	($201,345)	($947,067)	($625,165)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,530,196)	($2,729,299)	($849,623)	($272,182)	($727,242)	($466,361)
Regulatory assets	(219,773)	(497,177)	(37,374)	(72,389)	(100,959)	(75,606)
Nuclear decommissioning trusts/receivables	(185,725)	(202,364)	—	—	—	(175,341)
Pension, net regulatory asset	(101,887)	(84,732)	(26,064)	(9,687)	(16,569)	—
Power purchase agreements	11,993	(97,846)	1,140	(12,385)	(5,148)	—
Deferred fuel	—	(4,785)	(17,234)	(1,247)	—	(78)
Other	(24,430)	(106,590)	(5,231)	(5,133)	(4,512)	(13,572)
Total	(2,050,018)	(3,722,793)	(934,386)	(373,023)	(854,430)	(730,958)
Deferred tax assets:
Regulatory liabilities	310,621	678,086	53,046	89,385	37,325	229,065
Nuclear and other decommissioning liabilities	127,933	18,649	—	(407)	97	17,956
Pension and other postretirement benefits	(29,923)	39,379	(8,989)	(19,443)	(23,403)	(24,642)
Compensation	4,851	7,119	3,277	1,394	2,596	515
Accumulated deferred investment tax credit	6,360	26,549	3,355	4,205	1,515	10,724
Provision for allowances and contingencies	31,686	59,448	11,361	23,998	4,358	225
Unbilled/deferred revenues	3,546	(24,017)	1,274	715	7,925	—
Net operating loss carryforwards	126,255	336,128	305	30,740	50	69,611
Capital losses and miscellaneous tax credits	14,489	17,029	8,206	16,220	1,273	10,788
Other	11,608	54,207	1,096	1,692	1,189	—
Total	607,426	1,212,577	72,931	148,499	32,925	314,242
Non-current accrued taxes (including unrecognized tax benefits)	(46,577)	32,262	(8,661)	22,983	(47,344)	(35,114)
Accumulated deferred income taxes and taxes accrued	($1,489,169)	($2,477,954)	($870,116)	($201,541)	($868,849)	($451,830)

Summary of Tax Credit Carryforwards [Table Text Block]

The Registrant Subsidiaries’ estimated tax attributes carryovers and their expiration dates as of December 31, 2025 are as follows:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
Federal net operating losses before 1/1/2018	$— million	$812.8 million	$— million	$— million	$— million	$— million
Year(s) of expiration	N/A	2035-2037	N/A	2037	N/A	N/A
Federal net operating losses - 1/1/2018 forward	$802.9 million	$2.2 billion	$— million	$— million	$1.4 billion	$357.1 million
Year(s) of expiration	N/A	N/A	N/A	N/A	N/A	N/A
State net operating losses	$628.1 million	$6 billion	$— million	$181.3 million	$1.1 million	$314.2 million
Year(s) of expiration	2028-2032	N/A	N/A	N/A	2028	2042-2045
Misc. federal credits	$16.1 million	$24.5 million	$6.2 million	$17.4 million	$1.1 million	$6.3 million
Year(s) of expiration	2038-2045	2035-2045	2038-2045	2037-2045	2039-2045	2029-2045
State credits	$— million	$1.1 million	$8.6 million	$— million	$0.6 million	$19 million
Year(s) of expiration	N/A	N/A	2026-2028	N/A	2027-2033	2026-2028

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the Registrant Subsidiaries’ beginning and ending amount of unrecognized tax benefits for 2025, 2024, and 2023 is as follows:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2025	$45,413	$867,116	$5,989	$19,508	$384,333	$16,415
Additions based on tax positions related to the current year (a)	112,354	75,825	1,768	871	1,934	74,391
Additions for tax positions of prior years (a)	221,636	210,263	709	22	4,048	142,840
Reductions for tax positions of prior years	(1,152)	(6,167)	(555)	(847)	(887)	(165)
Gross balance at December 31, 2025	378,251	1,147,037	7,911	19,554	389,428	233,481
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(142,860)	(721,552)	(6,000)	(4,744)	(285,936)	(92,561)
Unrecognized tax benefits net of unused tax attributes	$235,391	$425,485	$1,911	$14,810	$103,492	$140,920

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2024	$69,197	$864,043	$5,653	$19,331	$415,205	$14,301
Additions based on tax positions related to the current year	2,732	1,921	237	163	378	833
Additions for tax positions of prior years	25,784	10,357	536	153	560	1,281
Reductions for tax positions of prior years	(52,300)	(9,205)	(437)	(139)	(31,810)	—
Gross balance at December 31, 2024	45,413	867,116	5,989	19,508	384,333	16,415
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(30,333)	(753,101)	(4,997)	(11,639)	(314,446)	(16,415)
Unrecognized tax benefits net of unused tax attributes	$15,080	$114,015	$992	$7,869	$69,887	$—

2023	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2023	$1,452,819	$1,350,836	$547,548	$638,726	$389,366	$23,702
Additions based on tax positions related to the current year (b)	2,249	332,320	209	78	196	752
Additions for tax positions of prior years	—	—	—	—	94,793	—
Reductions for tax positions of prior years (c)	(148,558)	(458,072)	(16,853)	(191,336)	(67,156)	(9,532)
Settlements (c)	(1,237,313)	(361,041)	(525,251)	(428,137)	(1,994)	(621)
Gross balance at December 31, 2023	69,197	864,043	5,653	19,331	415,205	14,301
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(34,683)	(735,612)	(3,778)	(11,721)	(381,561)	(14,301)
Unrecognized tax benefits net of unused tax attributes	$34,514	$128,431	$1,875	$7,610	$33,644	$—

(a)Amounts in 2025 are primarily related to production tax credits generated in 2024 and 2025. See “Other Tax Matters - Inflation Reduction Act of 2022” below.

(b)The primary additions for Entergy Louisiana in 2023 are related to the Entergy Louisiana storm cost securitizations as discussed in “Other Tax Matters - Act 293 Securitizations” below.

(c)Amounts in 2023 are primarily related to the resolution of the 2016-2018 IRS audit as discussed in “Income Tax Audits - 2016-2018 IRS Audit” below.

The Registrant Subsidiaries’ balances of unrecognized tax benefits included amounts which, if recognized, would have reduced income tax expense as follows:

	December 31,
	2025	2024	2023
	(In Millions)
Entergy Arkansas	$360.3	$32.6	$57.2
Entergy Louisiana	$1,141.9	$868.2	$862.5
Entergy Mississippi	$1.7	$1.3	$1.0
Entergy New Orleans	$18.1	$18.3	$18.2
Entergy Texas	$113.6	$50.3	$2.9
System Energy	$218.0	$4.0	$3.1

Summary of Accrued Balances for Possible Payment of Interest Related to Unrecognized Tax Benefits [Table Text Block]

Accrued balances for the possible payment of interest related to unrecognized tax benefits for the Registrant Subsidiaries are as follows:

	December 31,
	2025	2024	2023
	(In Millions)
Entergy Arkansas	$9.5	$8.4	$7.8
Entergy Louisiana	$13.7	$5.1	$1.5
Entergy Mississippi	$4.5	$3.2	$2.1
Entergy New Orleans	$1.9	$0.6	$0.6
Entergy Texas	$1.3	$0.5	$—
System Energy	$2.3	$2.9	$1.9

Summary of Interest Recorded in Income Tax Expense Related to Unrecognized Tax Benefits [Table Text Block]

The Registrant Subsidiaries record interest and penalties related to unrecognized tax benefits in income tax expense.  No penalties were recorded in 2025, 2024, and 2023. Interest (net-of-tax) was recorded as follows:

	2025	2024	2023
	(In Millions)
Entergy Arkansas	$1.1	$0.6	$3.5
Entergy Louisiana	$8.6	$3.6	($2.6)
Entergy Mississippi	$1.3	$1.1	($1.0)
Entergy New Orleans	$1.3	$—	($5.8)
Entergy Texas	$0.8	$0.5	($1.1)
System Energy	($0.6)	$1.0	$—

Summary of net regulatory liabilities for income taxes related to Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2025 and December 31, 2024 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2025	2024
	(In Millions)
Entergy Arkansas	$423	$418
Entergy Louisiana	$313	$355
Entergy Mississippi	$171	$181
Entergy New Orleans	$16	$15
Entergy Texas	$58	$94
System Energy	$100	$105

Entergy Louisiana [Member]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income taxes for the Registrant Subsidiaries for 2025, 2024, and 2023 consist of the following:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	($21,471)	($104,215)	$49,157	$18,671	$4,479	($3,190)
State	(4,595)	(2,779)	8,905	3,169	3,442	(3,115)
Total	(26,066)	(106,994)	58,062	21,840	7,921	(6,305)
Deferred and non-current - net
Federal	117,798	297,466	26,320	(3,398)	58,464	18,485
State	17,379	51,897	10,991	(2,387)	(252)	7,339
Total	135,177	349,363	37,311	(5,785)	58,212	25,824
Investment tax credits - net
Federal	(1,231)	(4,556)	(76)	(200)	(767)	381
State	—	—	(196)	—	—	(325)
Total	(1,231)	(4,556)	(272)	(200)	(767)	56
Income taxes	$107,880	$237,813	$95,101	$15,855	$65,366	$19,575

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	($10,558)	($79,519)	$38,680	($8,022)	$8,281	($5,527)
State	(2,275)	1,709	2,407	5,331	5,468	(396)
Total	(12,833)	(77,810)	41,087	(2,691)	13,749	(5,923)
Deferred and non-current - net
Federal	68,988	201,737	25,316	9,297	51,588	29,470
State	19,649	106,098	14,292	(2,916)	1,114	9,939
Total	88,637	307,835	39,608	6,381	52,702	39,409
Investment tax credits - net
Federal	(1,230)	(4,616)	3	(848)	—	(2,716)
State	—	—	(383)	—	(767)	(1,267)
Total	(1,230)	(4,616)	(380)	(848)	(767)	(3,983)
Income taxes	$74,574	$225,409	$80,315	$2,842	$65,684	$29,503

2023	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	$33,100	($142,253)	$20,328	($99,343)	$2,851	$337
State	(4,201)	(6,397)	4,142	(5,854)	3,719	(1,570)
Total	28,899	(148,650)	24,470	(105,197)	6,570	(1,233)
Deferred and non-current - net
Federal	(164,493)	(94,167)	21,244	(78,442)	56,496	26,528
State	37,615	41,716	9,446	(6,302)	570	4,477
Total	(126,878)	(52,451)	30,690	(84,744)	57,066	31,005
Investment tax credits - net
Federal	(1,231)	(4,680)	(622)	(32)	(764)	2,482
State	—	—	(174)	—	—	(222)
Total	(1,231)	(4,680)	(796)	(32)	(764)	2,260
Income taxes	($99,210)	($205,781)	$54,364	($189,973)	$62,872	$32,032

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total income taxes for the Registrant Subsidiaries differ from the amounts computed by applying the statutory income tax rate to income before taxes. The reasons for the differences for each Registrant Subsidiary for the years 2025, 2024, and 2023 are:

Entergy Arkansas

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$440,532		$324,766		$402,081
Net loss attributable to noncontrolling interest	(3,079)		(5,300)		(5,231)
Net income	437,453		319,466		396,850
Income taxes	107,880		74,574		(99,210)
Income before income taxes	$545,333		$394,040		$297,640
Income taxes computed at Federal Statutory Tax rate statutory rate	$114,520	21%	$82,748	21%	$62,504	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	19,388	3.6%	13,940	3.5%	13,291	4.5%
Regulatory differences - utility plant items	(8,085)	(1.5%)	(9,885)	(2.5%)	(8,812)	(3.0%)
Equity component of AFUDC	(4,934)	(0.9%)	(6,032)	(1.5%)	(4,093)	(1.4%)
Tax credits - amortization of investment tax credits	(1,201)	(0.2%)	(1,201)	(0.3%)	(1,201)	(0.4%)
Nontaxable or nondeductible items/flow-through	(1,866)	(0.3%)	214	0.1%	1,105	0.4%
Amortization of deficient/(excess) ADIT (a)	(11,276)	(2.1%)	10,193	2.6%	(6,095)	(2.0%)
IRS audit resolution (b)	—	—%	—	—%	(159,588)	(53.6%)
State audit resolution (e)	—	—%	(18,276)	(4.6%)	—	—%
Changes in unrecognized tax benefits	(1,182)	(0.2%)	1,800	0.5%	2,600	0.9%
Changes in valuation allowances	1,462	0.3%	—	—%	—	—%
Other - net	1,054	0.2%	1,073	0.3%	1,079	0.4%
Total income taxes / Effective Tax Rate	$107,880	19.8%	$74,574	18.9%	($99,210)	(33.3%)

Entergy Louisiana

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$1,109,948		$887,645		$1,270,382
Net income attributable to noncontrolling interests	2,952		3,126		2,988
Net income	1,112,900		890,771		1,273,370
Income taxes	237,813		225,409		(205,781)
Income before income taxes	$1,350,713		$1,116,180		$1,067,589
Income taxes computed at Federal Statutory Tax rate statutory rate	$283,650	21%	$234,398	21%	$224,194	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	49,965	3.7%	50,760	4.5%	51,899	4.9%
Regulatory differences - utility plant items	(10,069)	(0.7%)	(9,988)	(0.9%)	(5,535)	(0.5%)
Equity component of AFUDC	(11,327)	(0.8%)	(7,513)	(0.7%)	(6,754)	(0.6%)
Tax credits - amortization of investment tax credits	(4,502)	(0.3%)	(4,563)	(0.4%)	(4,625)	(0.4%)
Nontaxable or nondeductible items/flow-through	(718)	(0.1%)	(3,244)	(0.3%)	126	—%
Amortization of deficient/(excess) ADIT (a)	(13,327)	(1.0%)	9,305	0.8%	14,032	1.3%
IRS audit resolution (b)	—	—%	—	—%	(179,111)	(16.8%)
Reversal of regulatory liability (c)	—	—%	—	—%	(105,649)	(9.9%)
Entergy Louisiana securitization (d)	—	—%	—	—%	(133,443)	(12.5%)
Enactment of new tax laws - state rate change (a)	—	—%	16,307	1.5%	—	—%
Non-taxable dividend income	(61,352)	(4.5%)	(64,982)	(5.8%)	(62,116)	(5.8%)
Changes in unrecognized tax benefits	4,307	0.3%	3,400	0.3%	(400)	—%
Changes in valuation allowances	5	—%	—	—%	—	—%
Other - net	1,181	0.1%	1,529	0.1%	1,601	0.1%
Total income taxes / Effective Tax Rate	$237,813	17.6%	$225,409	20.2%	($205,781)	(19.3%)

Entergy Mississippi

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$311,864		$255,958		$192,271
Net loss attributable to noncontrolling interest	(3,136)		(10,551)		(10,302)
Net income	308,728		245,407		181,969
Income taxes	95,101		80,315		54,364
Income before income taxes	$403,829		$325,722		$236,333
Income taxes computed at Federal Statutory Tax rate statutory rate	$84,804	21%	$68,402	21%	$49,630	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	15,876	3.9%	13,210	4.1%	11,133	4.7%
Regulatory differences - utility plant items	(5,400)	(1.3%)	(3,572)	(1.1%)	(5,290)	(2.2%)
Equity component of AFUDC	(1,984)	(0.5%)	(1,910)	(0.6%)	(1,796)	(0.8%)
Tax credits - amortization of investment tax credits	(228)	(0.1%)	(267)	(0.1%)	(223)	(0.1%)
Nontaxable or nondeductible items/flow-through	1,581	0.4%	2,987	0.9%	3,534	1.5%
IRS audit resolution (b)	—	—%	—	—%	(3,291)	(1.4%)
Changes in unrecognized tax benefits	93	—%	1,100	0.3%	300	0.1%
Other - net	359	0.1%	365	0.1%	367	0.2%
Total income taxes / Effective Tax Rate	$95,101	23.5%	$80,315	24.7%	$54,364	23.0%

Entergy New Orleans

	2025		2024		2023
	(Dollars In Thousands)
Net income	$50,411		$15,847		$228,938
Income taxes	15,855		2,842		(189,973)
Income before income taxes	$66,266		$18,689		$38,965
Income taxes computed at Federal Statutory Tax rate statutory rate	$13,916	21%	$3,925	21%	$8,183	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	3,985	6.0%	1,248	6.7%	1,907	4.9%
Regulatory differences - utility plant items	(131)	(0.2%)	(830)	(4.4%)	(1,353)	(3.5%)
Equity component of AFUDC	(390)	(0.6%)	(445)	(2.4%)	(309)	(0.8%)
Tax credits - amortization of investment tax credits	(97)	(0.1%)	(839)	(4.5%)	(25)	(0.1%)
Nontaxable or nondeductible items/flow-through	(1,138)	(1.7%)	(338)	(1.8%)	(1,913)	(4.9%)
Amortization of deficient/(excess) ADIT (a)	(1,344)	(2.0%)	(332)	(1.8%)	1,147	2.9%
IRS audit resolution (b)	—	—%	—	—%	(198,424)	(509.2%)
Enactment of new tax laws - state rate change (a)	—	—%	242	1.3%	—	—%
Changes in unrecognized tax benefits	847	1.3%	—	—%	600	1.5%
Other - net	207	0.3%	211	1.1%	214	0.5%
Total income taxes / Effective Tax Rate	$15,855	23.9%	$2,842	15.2%	($189,973)	(487.5%)

Entergy Texas

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to common stock	$331,999		$291,550		$289,201
Preferred dividend requirements	2,072		2,072		2,072
Net income	334,071		293,622		291,273
Income taxes	65,366		65,684		62,872
Income before income taxes	$399,437		$359,306		$354,145
Income taxes computed at Federal Statutory Tax rate statutory rate	$83,882	21%	$75,454	21%	$74,370	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	2,731	0.7%	5,164	1.4%	2,574	0.7%
Regulatory differences - utility plant items	(3,427)	(0.9%)	(4,537)	(1.3%)	(6,394)	(1.8%)
Equity component of AFUDC	(17,172)	(4.3%)	(10,045)	(2.8%)	(5,920)	(1.7%)
Tax credits - amortization of investment tax credits	(748)	(0.2%)	(748)	(0.2%)	(748)	(0.2%)
Nontaxable or nondeductible items/flow-through	(149)	—%	(760)	(0.2%)	1,493	0.4%
Amortization of deficient ADIT (a)		—%	2	—%	17	—%
IRS audit resolution (b)		—%	—	—%	(3,112)	(0.9%)
Changes in unrecognized tax benefits	(122)	—%	777	0.2%	211	0.1%
Other - net	371	0.1%	377	0.1%	381	0.1%
Total income taxes / Effective Tax Rate	$65,366	16.4%	$65,684	18.3%	$62,872	17.8%

System Energy

	2025		2024		2023
	(Dollars In Thousands)
Net income	$88,095		$103,500		$108,772
Income taxes	19,575		29,503		32,032
Income before income taxes	$107,670		$133,003		$140,804
Income taxes computed at Federal Statutory Tax rate statutory rate	$22,611	21%	$27,931	21%	$29,569	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	4,893	4.5%	4,936	3.7%	5,798	4.1%
Regulatory differences - utility plant items	(3,330)	(3.1%)	(1,475)	(1.1%)	(517)	(0.4%)
Equity component of AFUDC	(1,549)	(1.4%)	(1,398)	(1.1%)	(1,301)	(0.9%)
Tax credits - amortization of investment tax credits	(1,155)	(1.1%)	(1,155)	(0.9%)	(1,155)	(0.8%)
Nontaxable or nondeductible items/flow-through	(1,057)	(1.0%)	(538)	(0.4%)	(191)	(0.1%)
IRS audit resolution (b)	—	—%	—	—%	(1,575)	(1.1%)
Changes in unrecognized tax benefits	(1,036)	(1.0%)	1,000	0.8%	1,200	0.9%
Other - net	198	0.2%	202	0.2%	204	0.1%
Total income taxes / Effective Tax Rate	$19,575	18.2%	$29,503	22.2%	$32,032	22.7%

(a)See “Other Tax Matters - Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(b)See “Income Tax Audits - 2016-2018 IRS Audit” below for discussion of the resolution of the 2016-2018 IRS audit in 2023.

(c)See Note 2 to the financial statements for discussion of Entergy Louisiana’s reversal of a regulatory liability, primarily associated with the Hurricane Isaac securitization, recognized in 2017 as a result of the Tax Cuts and Jobs Act.

(d)See “Other Tax Matters - Act 293 Securitizations” below for discussion of the Entergy Louisiana March 2023 storm cost securitizations.

(e)See “Income Tax Audits - State Income Tax Audits” below for discussion of the resolution of the 2014-2018 Arkansas Department of Finance and Administration examination in 2024.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2025 and 2024 are as follows:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,752,176)	($2,993,462)	($927,853)	($243,442)	($788,106)	($473,895)
Regulatory assets	(237,989)	(469,902)	(39,316)	(53,375)	(111,154)	(119,157)
Nuclear decommissioning trusts/receivables	(223,747)	(202,364)	—	—	—	(175,341)
Pension, net regulatory asset	(102,847)	(87,917)	(26,416)	(8,725)	(15,642)	—
Power purchase agreements	13,633	(76,837)	1,140	(11,226)	(4,578)	—
Deferred fuel	(6,775)	(9,718)	(3,186)	(1)	(943)	(17)
Other	(20,874)	(88,305)	(4,763)	(2,208)	(6,158)	(10,214)
Total	(2,330,775)	(3,928,505)	(1,000,394)	(318,977)	(926,581)	(778,624)
Deferred tax assets:
Regulatory liabilities	348,063	595,662	51,201	70,190	35,726	226,660
Nuclear and other decommissioning liabilities	138,516	14,616	(155)	(407)	(449)	17,220
Pension and other postretirement benefits	(31,745)	41,555	(7,377)	(15,975)	(24,479)	(27,660)
Compensation	4,418	5,764	3,196	1,077	2,531	139
Accumulated deferred investment tax credit	6,067	23,882	3,291	3,909	1,358	10,740
Valuation allowance	(1,727)	(5)	—	—	—	—
Provision for allowances and contingencies	49,359	70,167	32,112	36,608	16,701	225
Unbilled/deferred revenues	5,490	(18,816)	897	(129)	8,561	—
Net operating loss carryforwards	169,743	360,028	—	6,803	54	84,302
Capital losses and miscellaneous tax credits	45,982	18,554	8,795	16,693	1,125	11,245
Other	10,373	40,459	(1,193)	612	404	36
Total	744,539	1,151,866	90,767	119,381	41,532	322,907
Non-current accrued taxes (including unrecognized tax benefits)	(260,477)	(316,579)	(17,107)	(1,749)	(62,018)	(169,448)
Accumulated deferred income taxes and taxes accrued	($1,846,713)	($3,093,218)	($926,734)	($201,345)	($947,067)	($625,165)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,530,196)	($2,729,299)	($849,623)	($272,182)	($727,242)	($466,361)
Regulatory assets	(219,773)	(497,177)	(37,374)	(72,389)	(100,959)	(75,606)
Nuclear decommissioning trusts/receivables	(185,725)	(202,364)	—	—	—	(175,341)
Pension, net regulatory asset	(101,887)	(84,732)	(26,064)	(9,687)	(16,569)	—
Power purchase agreements	11,993	(97,846)	1,140	(12,385)	(5,148)	—
Deferred fuel	—	(4,785)	(17,234)	(1,247)	—	(78)
Other	(24,430)	(106,590)	(5,231)	(5,133)	(4,512)	(13,572)
Total	(2,050,018)	(3,722,793)	(934,386)	(373,023)	(854,430)	(730,958)
Deferred tax assets:
Regulatory liabilities	310,621	678,086	53,046	89,385	37,325	229,065
Nuclear and other decommissioning liabilities	127,933	18,649	—	(407)	97	17,956
Pension and other postretirement benefits	(29,923)	39,379	(8,989)	(19,443)	(23,403)	(24,642)
Compensation	4,851	7,119	3,277	1,394	2,596	515
Accumulated deferred investment tax credit	6,360	26,549	3,355	4,205	1,515	10,724
Provision for allowances and contingencies	31,686	59,448	11,361	23,998	4,358	225
Unbilled/deferred revenues	3,546	(24,017)	1,274	715	7,925	—
Net operating loss carryforwards	126,255	336,128	305	30,740	50	69,611
Capital losses and miscellaneous tax credits	14,489	17,029	8,206	16,220	1,273	10,788
Other	11,608	54,207	1,096	1,692	1,189	—
Total	607,426	1,212,577	72,931	148,499	32,925	314,242
Non-current accrued taxes (including unrecognized tax benefits)	(46,577)	32,262	(8,661)	22,983	(47,344)	(35,114)
Accumulated deferred income taxes and taxes accrued	($1,489,169)	($2,477,954)	($870,116)	($201,541)	($868,849)	($451,830)

Summary of Tax Credit Carryforwards [Table Text Block]

The Registrant Subsidiaries’ estimated tax attributes carryovers and their expiration dates as of December 31, 2025 are as follows:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
Federal net operating losses before 1/1/2018	$— million	$812.8 million	$— million	$— million	$— million	$— million
Year(s) of expiration	N/A	2035-2037	N/A	2037	N/A	N/A
Federal net operating losses - 1/1/2018 forward	$802.9 million	$2.2 billion	$— million	$— million	$1.4 billion	$357.1 million
Year(s) of expiration	N/A	N/A	N/A	N/A	N/A	N/A
State net operating losses	$628.1 million	$6 billion	$— million	$181.3 million	$1.1 million	$314.2 million
Year(s) of expiration	2028-2032	N/A	N/A	N/A	2028	2042-2045
Misc. federal credits	$16.1 million	$24.5 million	$6.2 million	$17.4 million	$1.1 million	$6.3 million
Year(s) of expiration	2038-2045	2035-2045	2038-2045	2037-2045	2039-2045	2029-2045
State credits	$— million	$1.1 million	$8.6 million	$— million	$0.6 million	$19 million
Year(s) of expiration	N/A	N/A	2026-2028	N/A	2027-2033	2026-2028

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the Registrant Subsidiaries’ beginning and ending amount of unrecognized tax benefits for 2025, 2024, and 2023 is as follows:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2025	$45,413	$867,116	$5,989	$19,508	$384,333	$16,415
Additions based on tax positions related to the current year (a)	112,354	75,825	1,768	871	1,934	74,391
Additions for tax positions of prior years (a)	221,636	210,263	709	22	4,048	142,840
Reductions for tax positions of prior years	(1,152)	(6,167)	(555)	(847)	(887)	(165)
Gross balance at December 31, 2025	378,251	1,147,037	7,911	19,554	389,428	233,481
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(142,860)	(721,552)	(6,000)	(4,744)	(285,936)	(92,561)
Unrecognized tax benefits net of unused tax attributes	$235,391	$425,485	$1,911	$14,810	$103,492	$140,920

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2024	$69,197	$864,043	$5,653	$19,331	$415,205	$14,301
Additions based on tax positions related to the current year	2,732	1,921	237	163	378	833
Additions for tax positions of prior years	25,784	10,357	536	153	560	1,281
Reductions for tax positions of prior years	(52,300)	(9,205)	(437)	(139)	(31,810)	—
Gross balance at December 31, 2024	45,413	867,116	5,989	19,508	384,333	16,415
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(30,333)	(753,101)	(4,997)	(11,639)	(314,446)	(16,415)
Unrecognized tax benefits net of unused tax attributes	$15,080	$114,015	$992	$7,869	$69,887	$—

2023	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2023	$1,452,819	$1,350,836	$547,548	$638,726	$389,366	$23,702
Additions based on tax positions related to the current year (b)	2,249	332,320	209	78	196	752
Additions for tax positions of prior years	—	—	—	—	94,793	—
Reductions for tax positions of prior years (c)	(148,558)	(458,072)	(16,853)	(191,336)	(67,156)	(9,532)
Settlements (c)	(1,237,313)	(361,041)	(525,251)	(428,137)	(1,994)	(621)
Gross balance at December 31, 2023	69,197	864,043	5,653	19,331	415,205	14,301
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(34,683)	(735,612)	(3,778)	(11,721)	(381,561)	(14,301)
Unrecognized tax benefits net of unused tax attributes	$34,514	$128,431	$1,875	$7,610	$33,644	$—

(a)Amounts in 2025 are primarily related to production tax credits generated in 2024 and 2025. See “Other Tax Matters - Inflation Reduction Act of 2022” below.

(b)The primary additions for Entergy Louisiana in 2023 are related to the Entergy Louisiana storm cost securitizations as discussed in “Other Tax Matters - Act 293 Securitizations” below.

(c)Amounts in 2023 are primarily related to the resolution of the 2016-2018 IRS audit as discussed in “Income Tax Audits - 2016-2018 IRS Audit” below.

The Registrant Subsidiaries’ balances of unrecognized tax benefits included amounts which, if recognized, would have reduced income tax expense as follows:

	December 31,
	2025	2024	2023
	(In Millions)
Entergy Arkansas	$360.3	$32.6	$57.2
Entergy Louisiana	$1,141.9	$868.2	$862.5
Entergy Mississippi	$1.7	$1.3	$1.0
Entergy New Orleans	$18.1	$18.3	$18.2
Entergy Texas	$113.6	$50.3	$2.9
System Energy	$218.0	$4.0	$3.1

Summary of Accrued Balances for Possible Payment of Interest Related to Unrecognized Tax Benefits [Table Text Block]

Accrued balances for the possible payment of interest related to unrecognized tax benefits for the Registrant Subsidiaries are as follows:

	December 31,
	2025	2024	2023
	(In Millions)
Entergy Arkansas	$9.5	$8.4	$7.8
Entergy Louisiana	$13.7	$5.1	$1.5
Entergy Mississippi	$4.5	$3.2	$2.1
Entergy New Orleans	$1.9	$0.6	$0.6
Entergy Texas	$1.3	$0.5	$—
System Energy	$2.3	$2.9	$1.9

Summary of Interest Recorded in Income Tax Expense Related to Unrecognized Tax Benefits [Table Text Block]

The Registrant Subsidiaries record interest and penalties related to unrecognized tax benefits in income tax expense.  No penalties were recorded in 2025, 2024, and 2023. Interest (net-of-tax) was recorded as follows:

	2025	2024	2023
	(In Millions)
Entergy Arkansas	$1.1	$0.6	$3.5
Entergy Louisiana	$8.6	$3.6	($2.6)
Entergy Mississippi	$1.3	$1.1	($1.0)
Entergy New Orleans	$1.3	$—	($5.8)
Entergy Texas	$0.8	$0.5	($1.1)
System Energy	($0.6)	$1.0	$—

Summary of net regulatory liabilities for income taxes related to Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2025 and December 31, 2024 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2025	2024
	(In Millions)
Entergy Arkansas	$423	$418
Entergy Louisiana	$313	$355
Entergy Mississippi	$171	$181
Entergy New Orleans	$16	$15
Entergy Texas	$58	$94
System Energy	$100	$105

Entergy Mississippi [Member]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income taxes for the Registrant Subsidiaries for 2025, 2024, and 2023 consist of the following:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	($21,471)	($104,215)	$49,157	$18,671	$4,479	($3,190)
State	(4,595)	(2,779)	8,905	3,169	3,442	(3,115)
Total	(26,066)	(106,994)	58,062	21,840	7,921	(6,305)
Deferred and non-current - net
Federal	117,798	297,466	26,320	(3,398)	58,464	18,485
State	17,379	51,897	10,991	(2,387)	(252)	7,339
Total	135,177	349,363	37,311	(5,785)	58,212	25,824
Investment tax credits - net
Federal	(1,231)	(4,556)	(76)	(200)	(767)	381
State	—	—	(196)	—	—	(325)
Total	(1,231)	(4,556)	(272)	(200)	(767)	56
Income taxes	$107,880	$237,813	$95,101	$15,855	$65,366	$19,575

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	($10,558)	($79,519)	$38,680	($8,022)	$8,281	($5,527)
State	(2,275)	1,709	2,407	5,331	5,468	(396)
Total	(12,833)	(77,810)	41,087	(2,691)	13,749	(5,923)
Deferred and non-current - net
Federal	68,988	201,737	25,316	9,297	51,588	29,470
State	19,649	106,098	14,292	(2,916)	1,114	9,939
Total	88,637	307,835	39,608	6,381	52,702	39,409
Investment tax credits - net
Federal	(1,230)	(4,616)	3	(848)	—	(2,716)
State	—	—	(383)	—	(767)	(1,267)
Total	(1,230)	(4,616)	(380)	(848)	(767)	(3,983)
Income taxes	$74,574	$225,409	$80,315	$2,842	$65,684	$29,503

2023	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	$33,100	($142,253)	$20,328	($99,343)	$2,851	$337
State	(4,201)	(6,397)	4,142	(5,854)	3,719	(1,570)
Total	28,899	(148,650)	24,470	(105,197)	6,570	(1,233)
Deferred and non-current - net
Federal	(164,493)	(94,167)	21,244	(78,442)	56,496	26,528
State	37,615	41,716	9,446	(6,302)	570	4,477
Total	(126,878)	(52,451)	30,690	(84,744)	57,066	31,005
Investment tax credits - net
Federal	(1,231)	(4,680)	(622)	(32)	(764)	2,482
State	—	—	(174)	—	—	(222)
Total	(1,231)	(4,680)	(796)	(32)	(764)	2,260
Income taxes	($99,210)	($205,781)	$54,364	($189,973)	$62,872	$32,032

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total income taxes for the Registrant Subsidiaries differ from the amounts computed by applying the statutory income tax rate to income before taxes. The reasons for the differences for each Registrant Subsidiary for the years 2025, 2024, and 2023 are:

Entergy Arkansas

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$440,532		$324,766		$402,081
Net loss attributable to noncontrolling interest	(3,079)		(5,300)		(5,231)
Net income	437,453		319,466		396,850
Income taxes	107,880		74,574		(99,210)
Income before income taxes	$545,333		$394,040		$297,640
Income taxes computed at Federal Statutory Tax rate statutory rate	$114,520	21%	$82,748	21%	$62,504	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	19,388	3.6%	13,940	3.5%	13,291	4.5%
Regulatory differences - utility plant items	(8,085)	(1.5%)	(9,885)	(2.5%)	(8,812)	(3.0%)
Equity component of AFUDC	(4,934)	(0.9%)	(6,032)	(1.5%)	(4,093)	(1.4%)
Tax credits - amortization of investment tax credits	(1,201)	(0.2%)	(1,201)	(0.3%)	(1,201)	(0.4%)
Nontaxable or nondeductible items/flow-through	(1,866)	(0.3%)	214	0.1%	1,105	0.4%
Amortization of deficient/(excess) ADIT (a)	(11,276)	(2.1%)	10,193	2.6%	(6,095)	(2.0%)
IRS audit resolution (b)	—	—%	—	—%	(159,588)	(53.6%)
State audit resolution (e)	—	—%	(18,276)	(4.6%)	—	—%
Changes in unrecognized tax benefits	(1,182)	(0.2%)	1,800	0.5%	2,600	0.9%
Changes in valuation allowances	1,462	0.3%	—	—%	—	—%
Other - net	1,054	0.2%	1,073	0.3%	1,079	0.4%
Total income taxes / Effective Tax Rate	$107,880	19.8%	$74,574	18.9%	($99,210)	(33.3%)

Entergy Louisiana

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$1,109,948		$887,645		$1,270,382
Net income attributable to noncontrolling interests	2,952		3,126		2,988
Net income	1,112,900		890,771		1,273,370
Income taxes	237,813		225,409		(205,781)
Income before income taxes	$1,350,713		$1,116,180		$1,067,589
Income taxes computed at Federal Statutory Tax rate statutory rate	$283,650	21%	$234,398	21%	$224,194	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	49,965	3.7%	50,760	4.5%	51,899	4.9%
Regulatory differences - utility plant items	(10,069)	(0.7%)	(9,988)	(0.9%)	(5,535)	(0.5%)
Equity component of AFUDC	(11,327)	(0.8%)	(7,513)	(0.7%)	(6,754)	(0.6%)
Tax credits - amortization of investment tax credits	(4,502)	(0.3%)	(4,563)	(0.4%)	(4,625)	(0.4%)
Nontaxable or nondeductible items/flow-through	(718)	(0.1%)	(3,244)	(0.3%)	126	—%
Amortization of deficient/(excess) ADIT (a)	(13,327)	(1.0%)	9,305	0.8%	14,032	1.3%
IRS audit resolution (b)	—	—%	—	—%	(179,111)	(16.8%)
Reversal of regulatory liability (c)	—	—%	—	—%	(105,649)	(9.9%)
Entergy Louisiana securitization (d)	—	—%	—	—%	(133,443)	(12.5%)
Enactment of new tax laws - state rate change (a)	—	—%	16,307	1.5%	—	—%
Non-taxable dividend income	(61,352)	(4.5%)	(64,982)	(5.8%)	(62,116)	(5.8%)
Changes in unrecognized tax benefits	4,307	0.3%	3,400	0.3%	(400)	—%
Changes in valuation allowances	5	—%	—	—%	—	—%
Other - net	1,181	0.1%	1,529	0.1%	1,601	0.1%
Total income taxes / Effective Tax Rate	$237,813	17.6%	$225,409	20.2%	($205,781)	(19.3%)

Entergy Mississippi

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$311,864		$255,958		$192,271
Net loss attributable to noncontrolling interest	(3,136)		(10,551)		(10,302)
Net income	308,728		245,407		181,969
Income taxes	95,101		80,315		54,364
Income before income taxes	$403,829		$325,722		$236,333
Income taxes computed at Federal Statutory Tax rate statutory rate	$84,804	21%	$68,402	21%	$49,630	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	15,876	3.9%	13,210	4.1%	11,133	4.7%
Regulatory differences - utility plant items	(5,400)	(1.3%)	(3,572)	(1.1%)	(5,290)	(2.2%)
Equity component of AFUDC	(1,984)	(0.5%)	(1,910)	(0.6%)	(1,796)	(0.8%)
Tax credits - amortization of investment tax credits	(228)	(0.1%)	(267)	(0.1%)	(223)	(0.1%)
Nontaxable or nondeductible items/flow-through	1,581	0.4%	2,987	0.9%	3,534	1.5%
IRS audit resolution (b)	—	—%	—	—%	(3,291)	(1.4%)
Changes in unrecognized tax benefits	93	—%	1,100	0.3%	300	0.1%
Other - net	359	0.1%	365	0.1%	367	0.2%
Total income taxes / Effective Tax Rate	$95,101	23.5%	$80,315	24.7%	$54,364	23.0%

Entergy New Orleans

	2025		2024		2023
	(Dollars In Thousands)
Net income	$50,411		$15,847		$228,938
Income taxes	15,855		2,842		(189,973)
Income before income taxes	$66,266		$18,689		$38,965
Income taxes computed at Federal Statutory Tax rate statutory rate	$13,916	21%	$3,925	21%	$8,183	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	3,985	6.0%	1,248	6.7%	1,907	4.9%
Regulatory differences - utility plant items	(131)	(0.2%)	(830)	(4.4%)	(1,353)	(3.5%)
Equity component of AFUDC	(390)	(0.6%)	(445)	(2.4%)	(309)	(0.8%)
Tax credits - amortization of investment tax credits	(97)	(0.1%)	(839)	(4.5%)	(25)	(0.1%)
Nontaxable or nondeductible items/flow-through	(1,138)	(1.7%)	(338)	(1.8%)	(1,913)	(4.9%)
Amortization of deficient/(excess) ADIT (a)	(1,344)	(2.0%)	(332)	(1.8%)	1,147	2.9%
IRS audit resolution (b)	—	—%	—	—%	(198,424)	(509.2%)
Enactment of new tax laws - state rate change (a)	—	—%	242	1.3%	—	—%
Changes in unrecognized tax benefits	847	1.3%	—	—%	600	1.5%
Other - net	207	0.3%	211	1.1%	214	0.5%
Total income taxes / Effective Tax Rate	$15,855	23.9%	$2,842	15.2%	($189,973)	(487.5%)

Entergy Texas

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to common stock	$331,999		$291,550		$289,201
Preferred dividend requirements	2,072		2,072		2,072
Net income	334,071		293,622		291,273
Income taxes	65,366		65,684		62,872
Income before income taxes	$399,437		$359,306		$354,145
Income taxes computed at Federal Statutory Tax rate statutory rate	$83,882	21%	$75,454	21%	$74,370	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	2,731	0.7%	5,164	1.4%	2,574	0.7%
Regulatory differences - utility plant items	(3,427)	(0.9%)	(4,537)	(1.3%)	(6,394)	(1.8%)
Equity component of AFUDC	(17,172)	(4.3%)	(10,045)	(2.8%)	(5,920)	(1.7%)
Tax credits - amortization of investment tax credits	(748)	(0.2%)	(748)	(0.2%)	(748)	(0.2%)
Nontaxable or nondeductible items/flow-through	(149)	—%	(760)	(0.2%)	1,493	0.4%
Amortization of deficient ADIT (a)		—%	2	—%	17	—%
IRS audit resolution (b)		—%	—	—%	(3,112)	(0.9%)
Changes in unrecognized tax benefits	(122)	—%	777	0.2%	211	0.1%
Other - net	371	0.1%	377	0.1%	381	0.1%
Total income taxes / Effective Tax Rate	$65,366	16.4%	$65,684	18.3%	$62,872	17.8%

System Energy

	2025		2024		2023
	(Dollars In Thousands)
Net income	$88,095		$103,500		$108,772
Income taxes	19,575		29,503		32,032
Income before income taxes	$107,670		$133,003		$140,804
Income taxes computed at Federal Statutory Tax rate statutory rate	$22,611	21%	$27,931	21%	$29,569	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	4,893	4.5%	4,936	3.7%	5,798	4.1%
Regulatory differences - utility plant items	(3,330)	(3.1%)	(1,475)	(1.1%)	(517)	(0.4%)
Equity component of AFUDC	(1,549)	(1.4%)	(1,398)	(1.1%)	(1,301)	(0.9%)
Tax credits - amortization of investment tax credits	(1,155)	(1.1%)	(1,155)	(0.9%)	(1,155)	(0.8%)
Nontaxable or nondeductible items/flow-through	(1,057)	(1.0%)	(538)	(0.4%)	(191)	(0.1%)
IRS audit resolution (b)	—	—%	—	—%	(1,575)	(1.1%)
Changes in unrecognized tax benefits	(1,036)	(1.0%)	1,000	0.8%	1,200	0.9%
Other - net	198	0.2%	202	0.2%	204	0.1%
Total income taxes / Effective Tax Rate	$19,575	18.2%	$29,503	22.2%	$32,032	22.7%

(a)See “Other Tax Matters - Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(b)See “Income Tax Audits - 2016-2018 IRS Audit” below for discussion of the resolution of the 2016-2018 IRS audit in 2023.

(c)See Note 2 to the financial statements for discussion of Entergy Louisiana’s reversal of a regulatory liability, primarily associated with the Hurricane Isaac securitization, recognized in 2017 as a result of the Tax Cuts and Jobs Act.

(d)See “Other Tax Matters - Act 293 Securitizations” below for discussion of the Entergy Louisiana March 2023 storm cost securitizations.

(e)See “Income Tax Audits - State Income Tax Audits” below for discussion of the resolution of the 2014-2018 Arkansas Department of Finance and Administration examination in 2024.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2025 and 2024 are as follows:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,752,176)	($2,993,462)	($927,853)	($243,442)	($788,106)	($473,895)
Regulatory assets	(237,989)	(469,902)	(39,316)	(53,375)	(111,154)	(119,157)
Nuclear decommissioning trusts/receivables	(223,747)	(202,364)	—	—	—	(175,341)
Pension, net regulatory asset	(102,847)	(87,917)	(26,416)	(8,725)	(15,642)	—
Power purchase agreements	13,633	(76,837)	1,140	(11,226)	(4,578)	—
Deferred fuel	(6,775)	(9,718)	(3,186)	(1)	(943)	(17)
Other	(20,874)	(88,305)	(4,763)	(2,208)	(6,158)	(10,214)
Total	(2,330,775)	(3,928,505)	(1,000,394)	(318,977)	(926,581)	(778,624)
Deferred tax assets:
Regulatory liabilities	348,063	595,662	51,201	70,190	35,726	226,660
Nuclear and other decommissioning liabilities	138,516	14,616	(155)	(407)	(449)	17,220
Pension and other postretirement benefits	(31,745)	41,555	(7,377)	(15,975)	(24,479)	(27,660)
Compensation	4,418	5,764	3,196	1,077	2,531	139
Accumulated deferred investment tax credit	6,067	23,882	3,291	3,909	1,358	10,740
Valuation allowance	(1,727)	(5)	—	—	—	—
Provision for allowances and contingencies	49,359	70,167	32,112	36,608	16,701	225
Unbilled/deferred revenues	5,490	(18,816)	897	(129)	8,561	—
Net operating loss carryforwards	169,743	360,028	—	6,803	54	84,302
Capital losses and miscellaneous tax credits	45,982	18,554	8,795	16,693	1,125	11,245
Other	10,373	40,459	(1,193)	612	404	36
Total	744,539	1,151,866	90,767	119,381	41,532	322,907
Non-current accrued taxes (including unrecognized tax benefits)	(260,477)	(316,579)	(17,107)	(1,749)	(62,018)	(169,448)
Accumulated deferred income taxes and taxes accrued	($1,846,713)	($3,093,218)	($926,734)	($201,345)	($947,067)	($625,165)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,530,196)	($2,729,299)	($849,623)	($272,182)	($727,242)	($466,361)
Regulatory assets	(219,773)	(497,177)	(37,374)	(72,389)	(100,959)	(75,606)
Nuclear decommissioning trusts/receivables	(185,725)	(202,364)	—	—	—	(175,341)
Pension, net regulatory asset	(101,887)	(84,732)	(26,064)	(9,687)	(16,569)	—
Power purchase agreements	11,993	(97,846)	1,140	(12,385)	(5,148)	—
Deferred fuel	—	(4,785)	(17,234)	(1,247)	—	(78)
Other	(24,430)	(106,590)	(5,231)	(5,133)	(4,512)	(13,572)
Total	(2,050,018)	(3,722,793)	(934,386)	(373,023)	(854,430)	(730,958)
Deferred tax assets:
Regulatory liabilities	310,621	678,086	53,046	89,385	37,325	229,065
Nuclear and other decommissioning liabilities	127,933	18,649	—	(407)	97	17,956
Pension and other postretirement benefits	(29,923)	39,379	(8,989)	(19,443)	(23,403)	(24,642)
Compensation	4,851	7,119	3,277	1,394	2,596	515
Accumulated deferred investment tax credit	6,360	26,549	3,355	4,205	1,515	10,724
Provision for allowances and contingencies	31,686	59,448	11,361	23,998	4,358	225
Unbilled/deferred revenues	3,546	(24,017)	1,274	715	7,925	—
Net operating loss carryforwards	126,255	336,128	305	30,740	50	69,611
Capital losses and miscellaneous tax credits	14,489	17,029	8,206	16,220	1,273	10,788
Other	11,608	54,207	1,096	1,692	1,189	—
Total	607,426	1,212,577	72,931	148,499	32,925	314,242
Non-current accrued taxes (including unrecognized tax benefits)	(46,577)	32,262	(8,661)	22,983	(47,344)	(35,114)
Accumulated deferred income taxes and taxes accrued	($1,489,169)	($2,477,954)	($870,116)	($201,541)	($868,849)	($451,830)

Summary of Tax Credit Carryforwards [Table Text Block]

The Registrant Subsidiaries’ estimated tax attributes carryovers and their expiration dates as of December 31, 2025 are as follows:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
Federal net operating losses before 1/1/2018	$— million	$812.8 million	$— million	$— million	$— million	$— million
Year(s) of expiration	N/A	2035-2037	N/A	2037	N/A	N/A
Federal net operating losses - 1/1/2018 forward	$802.9 million	$2.2 billion	$— million	$— million	$1.4 billion	$357.1 million
Year(s) of expiration	N/A	N/A	N/A	N/A	N/A	N/A
State net operating losses	$628.1 million	$6 billion	$— million	$181.3 million	$1.1 million	$314.2 million
Year(s) of expiration	2028-2032	N/A	N/A	N/A	2028	2042-2045
Misc. federal credits	$16.1 million	$24.5 million	$6.2 million	$17.4 million	$1.1 million	$6.3 million
Year(s) of expiration	2038-2045	2035-2045	2038-2045	2037-2045	2039-2045	2029-2045
State credits	$— million	$1.1 million	$8.6 million	$— million	$0.6 million	$19 million
Year(s) of expiration	N/A	N/A	2026-2028	N/A	2027-2033	2026-2028

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the Registrant Subsidiaries’ beginning and ending amount of unrecognized tax benefits for 2025, 2024, and 2023 is as follows:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2025	$45,413	$867,116	$5,989	$19,508	$384,333	$16,415
Additions based on tax positions related to the current year (a)	112,354	75,825	1,768	871	1,934	74,391
Additions for tax positions of prior years (a)	221,636	210,263	709	22	4,048	142,840
Reductions for tax positions of prior years	(1,152)	(6,167)	(555)	(847)	(887)	(165)
Gross balance at December 31, 2025	378,251	1,147,037	7,911	19,554	389,428	233,481
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(142,860)	(721,552)	(6,000)	(4,744)	(285,936)	(92,561)
Unrecognized tax benefits net of unused tax attributes	$235,391	$425,485	$1,911	$14,810	$103,492	$140,920

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2024	$69,197	$864,043	$5,653	$19,331	$415,205	$14,301
Additions based on tax positions related to the current year	2,732	1,921	237	163	378	833
Additions for tax positions of prior years	25,784	10,357	536	153	560	1,281
Reductions for tax positions of prior years	(52,300)	(9,205)	(437)	(139)	(31,810)	—
Gross balance at December 31, 2024	45,413	867,116	5,989	19,508	384,333	16,415
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(30,333)	(753,101)	(4,997)	(11,639)	(314,446)	(16,415)
Unrecognized tax benefits net of unused tax attributes	$15,080	$114,015	$992	$7,869	$69,887	$—

2023	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2023	$1,452,819	$1,350,836	$547,548	$638,726	$389,366	$23,702
Additions based on tax positions related to the current year (b)	2,249	332,320	209	78	196	752
Additions for tax positions of prior years	—	—	—	—	94,793	—
Reductions for tax positions of prior years (c)	(148,558)	(458,072)	(16,853)	(191,336)	(67,156)	(9,532)
Settlements (c)	(1,237,313)	(361,041)	(525,251)	(428,137)	(1,994)	(621)
Gross balance at December 31, 2023	69,197	864,043	5,653	19,331	415,205	14,301
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(34,683)	(735,612)	(3,778)	(11,721)	(381,561)	(14,301)
Unrecognized tax benefits net of unused tax attributes	$34,514	$128,431	$1,875	$7,610	$33,644	$—

(a)Amounts in 2025 are primarily related to production tax credits generated in 2024 and 2025. See “Other Tax Matters - Inflation Reduction Act of 2022” below.

(b)The primary additions for Entergy Louisiana in 2023 are related to the Entergy Louisiana storm cost securitizations as discussed in “Other Tax Matters - Act 293 Securitizations” below.

(c)Amounts in 2023 are primarily related to the resolution of the 2016-2018 IRS audit as discussed in “Income Tax Audits - 2016-2018 IRS Audit” below.

The Registrant Subsidiaries’ balances of unrecognized tax benefits included amounts which, if recognized, would have reduced income tax expense as follows:

	December 31,
	2025	2024	2023
	(In Millions)
Entergy Arkansas	$360.3	$32.6	$57.2
Entergy Louisiana	$1,141.9	$868.2	$862.5
Entergy Mississippi	$1.7	$1.3	$1.0
Entergy New Orleans	$18.1	$18.3	$18.2
Entergy Texas	$113.6	$50.3	$2.9
System Energy	$218.0	$4.0	$3.1

Summary of Accrued Balances for Possible Payment of Interest Related to Unrecognized Tax Benefits [Table Text Block]

Accrued balances for the possible payment of interest related to unrecognized tax benefits for the Registrant Subsidiaries are as follows:

	December 31,
	2025	2024	2023
	(In Millions)
Entergy Arkansas	$9.5	$8.4	$7.8
Entergy Louisiana	$13.7	$5.1	$1.5
Entergy Mississippi	$4.5	$3.2	$2.1
Entergy New Orleans	$1.9	$0.6	$0.6
Entergy Texas	$1.3	$0.5	$—
System Energy	$2.3	$2.9	$1.9

Summary of Interest Recorded in Income Tax Expense Related to Unrecognized Tax Benefits [Table Text Block]

The Registrant Subsidiaries record interest and penalties related to unrecognized tax benefits in income tax expense.  No penalties were recorded in 2025, 2024, and 2023. Interest (net-of-tax) was recorded as follows:

	2025	2024	2023
	(In Millions)
Entergy Arkansas	$1.1	$0.6	$3.5
Entergy Louisiana	$8.6	$3.6	($2.6)
Entergy Mississippi	$1.3	$1.1	($1.0)
Entergy New Orleans	$1.3	$—	($5.8)
Entergy Texas	$0.8	$0.5	($1.1)
System Energy	($0.6)	$1.0	$—

Summary of net regulatory liabilities for income taxes related to Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2025 and December 31, 2024 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2025	2024
	(In Millions)
Entergy Arkansas	$423	$418
Entergy Louisiana	$313	$355
Entergy Mississippi	$171	$181
Entergy New Orleans	$16	$15
Entergy Texas	$58	$94
System Energy	$100	$105

Entergy New Orleans [Member]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income taxes for the Registrant Subsidiaries for 2025, 2024, and 2023 consist of the following:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	($21,471)	($104,215)	$49,157	$18,671	$4,479	($3,190)
State	(4,595)	(2,779)	8,905	3,169	3,442	(3,115)
Total	(26,066)	(106,994)	58,062	21,840	7,921	(6,305)
Deferred and non-current - net
Federal	117,798	297,466	26,320	(3,398)	58,464	18,485
State	17,379	51,897	10,991	(2,387)	(252)	7,339
Total	135,177	349,363	37,311	(5,785)	58,212	25,824
Investment tax credits - net
Federal	(1,231)	(4,556)	(76)	(200)	(767)	381
State	—	—	(196)	—	—	(325)
Total	(1,231)	(4,556)	(272)	(200)	(767)	56
Income taxes	$107,880	$237,813	$95,101	$15,855	$65,366	$19,575

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	($10,558)	($79,519)	$38,680	($8,022)	$8,281	($5,527)
State	(2,275)	1,709	2,407	5,331	5,468	(396)
Total	(12,833)	(77,810)	41,087	(2,691)	13,749	(5,923)
Deferred and non-current - net
Federal	68,988	201,737	25,316	9,297	51,588	29,470
State	19,649	106,098	14,292	(2,916)	1,114	9,939
Total	88,637	307,835	39,608	6,381	52,702	39,409
Investment tax credits - net
Federal	(1,230)	(4,616)	3	(848)	—	(2,716)
State	—	—	(383)	—	(767)	(1,267)
Total	(1,230)	(4,616)	(380)	(848)	(767)	(3,983)
Income taxes	$74,574	$225,409	$80,315	$2,842	$65,684	$29,503

2023	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	$33,100	($142,253)	$20,328	($99,343)	$2,851	$337
State	(4,201)	(6,397)	4,142	(5,854)	3,719	(1,570)
Total	28,899	(148,650)	24,470	(105,197)	6,570	(1,233)
Deferred and non-current - net
Federal	(164,493)	(94,167)	21,244	(78,442)	56,496	26,528
State	37,615	41,716	9,446	(6,302)	570	4,477
Total	(126,878)	(52,451)	30,690	(84,744)	57,066	31,005
Investment tax credits - net
Federal	(1,231)	(4,680)	(622)	(32)	(764)	2,482
State	—	—	(174)	—	—	(222)
Total	(1,231)	(4,680)	(796)	(32)	(764)	2,260
Income taxes	($99,210)	($205,781)	$54,364	($189,973)	$62,872	$32,032

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total income taxes for the Registrant Subsidiaries differ from the amounts computed by applying the statutory income tax rate to income before taxes. The reasons for the differences for each Registrant Subsidiary for the years 2025, 2024, and 2023 are:

Entergy Arkansas

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$440,532		$324,766		$402,081
Net loss attributable to noncontrolling interest	(3,079)		(5,300)		(5,231)
Net income	437,453		319,466		396,850
Income taxes	107,880		74,574		(99,210)
Income before income taxes	$545,333		$394,040		$297,640
Income taxes computed at Federal Statutory Tax rate statutory rate	$114,520	21%	$82,748	21%	$62,504	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	19,388	3.6%	13,940	3.5%	13,291	4.5%
Regulatory differences - utility plant items	(8,085)	(1.5%)	(9,885)	(2.5%)	(8,812)	(3.0%)
Equity component of AFUDC	(4,934)	(0.9%)	(6,032)	(1.5%)	(4,093)	(1.4%)
Tax credits - amortization of investment tax credits	(1,201)	(0.2%)	(1,201)	(0.3%)	(1,201)	(0.4%)
Nontaxable or nondeductible items/flow-through	(1,866)	(0.3%)	214	0.1%	1,105	0.4%
Amortization of deficient/(excess) ADIT (a)	(11,276)	(2.1%)	10,193	2.6%	(6,095)	(2.0%)
IRS audit resolution (b)	—	—%	—	—%	(159,588)	(53.6%)
State audit resolution (e)	—	—%	(18,276)	(4.6%)	—	—%
Changes in unrecognized tax benefits	(1,182)	(0.2%)	1,800	0.5%	2,600	0.9%
Changes in valuation allowances	1,462	0.3%	—	—%	—	—%
Other - net	1,054	0.2%	1,073	0.3%	1,079	0.4%
Total income taxes / Effective Tax Rate	$107,880	19.8%	$74,574	18.9%	($99,210)	(33.3%)

Entergy Louisiana

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$1,109,948		$887,645		$1,270,382
Net income attributable to noncontrolling interests	2,952		3,126		2,988
Net income	1,112,900		890,771		1,273,370
Income taxes	237,813		225,409		(205,781)
Income before income taxes	$1,350,713		$1,116,180		$1,067,589
Income taxes computed at Federal Statutory Tax rate statutory rate	$283,650	21%	$234,398	21%	$224,194	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	49,965	3.7%	50,760	4.5%	51,899	4.9%
Regulatory differences - utility plant items	(10,069)	(0.7%)	(9,988)	(0.9%)	(5,535)	(0.5%)
Equity component of AFUDC	(11,327)	(0.8%)	(7,513)	(0.7%)	(6,754)	(0.6%)
Tax credits - amortization of investment tax credits	(4,502)	(0.3%)	(4,563)	(0.4%)	(4,625)	(0.4%)
Nontaxable or nondeductible items/flow-through	(718)	(0.1%)	(3,244)	(0.3%)	126	—%
Amortization of deficient/(excess) ADIT (a)	(13,327)	(1.0%)	9,305	0.8%	14,032	1.3%
IRS audit resolution (b)	—	—%	—	—%	(179,111)	(16.8%)
Reversal of regulatory liability (c)	—	—%	—	—%	(105,649)	(9.9%)
Entergy Louisiana securitization (d)	—	—%	—	—%	(133,443)	(12.5%)
Enactment of new tax laws - state rate change (a)	—	—%	16,307	1.5%	—	—%
Non-taxable dividend income	(61,352)	(4.5%)	(64,982)	(5.8%)	(62,116)	(5.8%)
Changes in unrecognized tax benefits	4,307	0.3%	3,400	0.3%	(400)	—%
Changes in valuation allowances	5	—%	—	—%	—	—%
Other - net	1,181	0.1%	1,529	0.1%	1,601	0.1%
Total income taxes / Effective Tax Rate	$237,813	17.6%	$225,409	20.2%	($205,781)	(19.3%)

Entergy Mississippi

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$311,864		$255,958		$192,271
Net loss attributable to noncontrolling interest	(3,136)		(10,551)		(10,302)
Net income	308,728		245,407		181,969
Income taxes	95,101		80,315		54,364
Income before income taxes	$403,829		$325,722		$236,333
Income taxes computed at Federal Statutory Tax rate statutory rate	$84,804	21%	$68,402	21%	$49,630	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	15,876	3.9%	13,210	4.1%	11,133	4.7%
Regulatory differences - utility plant items	(5,400)	(1.3%)	(3,572)	(1.1%)	(5,290)	(2.2%)
Equity component of AFUDC	(1,984)	(0.5%)	(1,910)	(0.6%)	(1,796)	(0.8%)
Tax credits - amortization of investment tax credits	(228)	(0.1%)	(267)	(0.1%)	(223)	(0.1%)
Nontaxable or nondeductible items/flow-through	1,581	0.4%	2,987	0.9%	3,534	1.5%
IRS audit resolution (b)	—	—%	—	—%	(3,291)	(1.4%)
Changes in unrecognized tax benefits	93	—%	1,100	0.3%	300	0.1%
Other - net	359	0.1%	365	0.1%	367	0.2%
Total income taxes / Effective Tax Rate	$95,101	23.5%	$80,315	24.7%	$54,364	23.0%

Entergy New Orleans

	2025		2024		2023
	(Dollars In Thousands)
Net income	$50,411		$15,847		$228,938
Income taxes	15,855		2,842		(189,973)
Income before income taxes	$66,266		$18,689		$38,965
Income taxes computed at Federal Statutory Tax rate statutory rate	$13,916	21%	$3,925	21%	$8,183	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	3,985	6.0%	1,248	6.7%	1,907	4.9%
Regulatory differences - utility plant items	(131)	(0.2%)	(830)	(4.4%)	(1,353)	(3.5%)
Equity component of AFUDC	(390)	(0.6%)	(445)	(2.4%)	(309)	(0.8%)
Tax credits - amortization of investment tax credits	(97)	(0.1%)	(839)	(4.5%)	(25)	(0.1%)
Nontaxable or nondeductible items/flow-through	(1,138)	(1.7%)	(338)	(1.8%)	(1,913)	(4.9%)
Amortization of deficient/(excess) ADIT (a)	(1,344)	(2.0%)	(332)	(1.8%)	1,147	2.9%
IRS audit resolution (b)	—	—%	—	—%	(198,424)	(509.2%)
Enactment of new tax laws - state rate change (a)	—	—%	242	1.3%	—	—%
Changes in unrecognized tax benefits	847	1.3%	—	—%	600	1.5%
Other - net	207	0.3%	211	1.1%	214	0.5%
Total income taxes / Effective Tax Rate	$15,855	23.9%	$2,842	15.2%	($189,973)	(487.5%)

Entergy Texas

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to common stock	$331,999		$291,550		$289,201
Preferred dividend requirements	2,072		2,072		2,072
Net income	334,071		293,622		291,273
Income taxes	65,366		65,684		62,872
Income before income taxes	$399,437		$359,306		$354,145
Income taxes computed at Federal Statutory Tax rate statutory rate	$83,882	21%	$75,454	21%	$74,370	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	2,731	0.7%	5,164	1.4%	2,574	0.7%
Regulatory differences - utility plant items	(3,427)	(0.9%)	(4,537)	(1.3%)	(6,394)	(1.8%)
Equity component of AFUDC	(17,172)	(4.3%)	(10,045)	(2.8%)	(5,920)	(1.7%)
Tax credits - amortization of investment tax credits	(748)	(0.2%)	(748)	(0.2%)	(748)	(0.2%)
Nontaxable or nondeductible items/flow-through	(149)	—%	(760)	(0.2%)	1,493	0.4%
Amortization of deficient ADIT (a)		—%	2	—%	17	—%
IRS audit resolution (b)		—%	—	—%	(3,112)	(0.9%)
Changes in unrecognized tax benefits	(122)	—%	777	0.2%	211	0.1%
Other - net	371	0.1%	377	0.1%	381	0.1%
Total income taxes / Effective Tax Rate	$65,366	16.4%	$65,684	18.3%	$62,872	17.8%

System Energy

	2025		2024		2023
	(Dollars In Thousands)
Net income	$88,095		$103,500		$108,772
Income taxes	19,575		29,503		32,032
Income before income taxes	$107,670		$133,003		$140,804
Income taxes computed at Federal Statutory Tax rate statutory rate	$22,611	21%	$27,931	21%	$29,569	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	4,893	4.5%	4,936	3.7%	5,798	4.1%
Regulatory differences - utility plant items	(3,330)	(3.1%)	(1,475)	(1.1%)	(517)	(0.4%)
Equity component of AFUDC	(1,549)	(1.4%)	(1,398)	(1.1%)	(1,301)	(0.9%)
Tax credits - amortization of investment tax credits	(1,155)	(1.1%)	(1,155)	(0.9%)	(1,155)	(0.8%)
Nontaxable or nondeductible items/flow-through	(1,057)	(1.0%)	(538)	(0.4%)	(191)	(0.1%)
IRS audit resolution (b)	—	—%	—	—%	(1,575)	(1.1%)
Changes in unrecognized tax benefits	(1,036)	(1.0%)	1,000	0.8%	1,200	0.9%
Other - net	198	0.2%	202	0.2%	204	0.1%
Total income taxes / Effective Tax Rate	$19,575	18.2%	$29,503	22.2%	$32,032	22.7%

(a)See “Other Tax Matters - Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(b)See “Income Tax Audits - 2016-2018 IRS Audit” below for discussion of the resolution of the 2016-2018 IRS audit in 2023.

(c)See Note 2 to the financial statements for discussion of Entergy Louisiana’s reversal of a regulatory liability, primarily associated with the Hurricane Isaac securitization, recognized in 2017 as a result of the Tax Cuts and Jobs Act.

(d)See “Other Tax Matters - Act 293 Securitizations” below for discussion of the Entergy Louisiana March 2023 storm cost securitizations.

(e)See “Income Tax Audits - State Income Tax Audits” below for discussion of the resolution of the 2014-2018 Arkansas Department of Finance and Administration examination in 2024.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2025 and 2024 are as follows:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,752,176)	($2,993,462)	($927,853)	($243,442)	($788,106)	($473,895)
Regulatory assets	(237,989)	(469,902)	(39,316)	(53,375)	(111,154)	(119,157)
Nuclear decommissioning trusts/receivables	(223,747)	(202,364)	—	—	—	(175,341)
Pension, net regulatory asset	(102,847)	(87,917)	(26,416)	(8,725)	(15,642)	—
Power purchase agreements	13,633	(76,837)	1,140	(11,226)	(4,578)	—
Deferred fuel	(6,775)	(9,718)	(3,186)	(1)	(943)	(17)
Other	(20,874)	(88,305)	(4,763)	(2,208)	(6,158)	(10,214)
Total	(2,330,775)	(3,928,505)	(1,000,394)	(318,977)	(926,581)	(778,624)
Deferred tax assets:
Regulatory liabilities	348,063	595,662	51,201	70,190	35,726	226,660
Nuclear and other decommissioning liabilities	138,516	14,616	(155)	(407)	(449)	17,220
Pension and other postretirement benefits	(31,745)	41,555	(7,377)	(15,975)	(24,479)	(27,660)
Compensation	4,418	5,764	3,196	1,077	2,531	139
Accumulated deferred investment tax credit	6,067	23,882	3,291	3,909	1,358	10,740
Valuation allowance	(1,727)	(5)	—	—	—	—
Provision for allowances and contingencies	49,359	70,167	32,112	36,608	16,701	225
Unbilled/deferred revenues	5,490	(18,816)	897	(129)	8,561	—
Net operating loss carryforwards	169,743	360,028	—	6,803	54	84,302
Capital losses and miscellaneous tax credits	45,982	18,554	8,795	16,693	1,125	11,245
Other	10,373	40,459	(1,193)	612	404	36
Total	744,539	1,151,866	90,767	119,381	41,532	322,907
Non-current accrued taxes (including unrecognized tax benefits)	(260,477)	(316,579)	(17,107)	(1,749)	(62,018)	(169,448)
Accumulated deferred income taxes and taxes accrued	($1,846,713)	($3,093,218)	($926,734)	($201,345)	($947,067)	($625,165)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,530,196)	($2,729,299)	($849,623)	($272,182)	($727,242)	($466,361)
Regulatory assets	(219,773)	(497,177)	(37,374)	(72,389)	(100,959)	(75,606)
Nuclear decommissioning trusts/receivables	(185,725)	(202,364)	—	—	—	(175,341)
Pension, net regulatory asset	(101,887)	(84,732)	(26,064)	(9,687)	(16,569)	—
Power purchase agreements	11,993	(97,846)	1,140	(12,385)	(5,148)	—
Deferred fuel	—	(4,785)	(17,234)	(1,247)	—	(78)
Other	(24,430)	(106,590)	(5,231)	(5,133)	(4,512)	(13,572)
Total	(2,050,018)	(3,722,793)	(934,386)	(373,023)	(854,430)	(730,958)
Deferred tax assets:
Regulatory liabilities	310,621	678,086	53,046	89,385	37,325	229,065
Nuclear and other decommissioning liabilities	127,933	18,649	—	(407)	97	17,956
Pension and other postretirement benefits	(29,923)	39,379	(8,989)	(19,443)	(23,403)	(24,642)
Compensation	4,851	7,119	3,277	1,394	2,596	515
Accumulated deferred investment tax credit	6,360	26,549	3,355	4,205	1,515	10,724
Provision for allowances and contingencies	31,686	59,448	11,361	23,998	4,358	225
Unbilled/deferred revenues	3,546	(24,017)	1,274	715	7,925	—
Net operating loss carryforwards	126,255	336,128	305	30,740	50	69,611
Capital losses and miscellaneous tax credits	14,489	17,029	8,206	16,220	1,273	10,788
Other	11,608	54,207	1,096	1,692	1,189	—
Total	607,426	1,212,577	72,931	148,499	32,925	314,242
Non-current accrued taxes (including unrecognized tax benefits)	(46,577)	32,262	(8,661)	22,983	(47,344)	(35,114)
Accumulated deferred income taxes and taxes accrued	($1,489,169)	($2,477,954)	($870,116)	($201,541)	($868,849)	($451,830)

Summary of Tax Credit Carryforwards [Table Text Block]

The Registrant Subsidiaries’ estimated tax attributes carryovers and their expiration dates as of December 31, 2025 are as follows:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
Federal net operating losses before 1/1/2018	$— million	$812.8 million	$— million	$— million	$— million	$— million
Year(s) of expiration	N/A	2035-2037	N/A	2037	N/A	N/A
Federal net operating losses - 1/1/2018 forward	$802.9 million	$2.2 billion	$— million	$— million	$1.4 billion	$357.1 million
Year(s) of expiration	N/A	N/A	N/A	N/A	N/A	N/A
State net operating losses	$628.1 million	$6 billion	$— million	$181.3 million	$1.1 million	$314.2 million
Year(s) of expiration	2028-2032	N/A	N/A	N/A	2028	2042-2045
Misc. federal credits	$16.1 million	$24.5 million	$6.2 million	$17.4 million	$1.1 million	$6.3 million
Year(s) of expiration	2038-2045	2035-2045	2038-2045	2037-2045	2039-2045	2029-2045
State credits	$— million	$1.1 million	$8.6 million	$— million	$0.6 million	$19 million
Year(s) of expiration	N/A	N/A	2026-2028	N/A	2027-2033	2026-2028

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the Registrant Subsidiaries’ beginning and ending amount of unrecognized tax benefits for 2025, 2024, and 2023 is as follows:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2025	$45,413	$867,116	$5,989	$19,508	$384,333	$16,415
Additions based on tax positions related to the current year (a)	112,354	75,825	1,768	871	1,934	74,391
Additions for tax positions of prior years (a)	221,636	210,263	709	22	4,048	142,840
Reductions for tax positions of prior years	(1,152)	(6,167)	(555)	(847)	(887)	(165)
Gross balance at December 31, 2025	378,251	1,147,037	7,911	19,554	389,428	233,481
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(142,860)	(721,552)	(6,000)	(4,744)	(285,936)	(92,561)
Unrecognized tax benefits net of unused tax attributes	$235,391	$425,485	$1,911	$14,810	$103,492	$140,920

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2024	$69,197	$864,043	$5,653	$19,331	$415,205	$14,301
Additions based on tax positions related to the current year	2,732	1,921	237	163	378	833
Additions for tax positions of prior years	25,784	10,357	536	153	560	1,281
Reductions for tax positions of prior years	(52,300)	(9,205)	(437)	(139)	(31,810)	—
Gross balance at December 31, 2024	45,413	867,116	5,989	19,508	384,333	16,415
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(30,333)	(753,101)	(4,997)	(11,639)	(314,446)	(16,415)
Unrecognized tax benefits net of unused tax attributes	$15,080	$114,015	$992	$7,869	$69,887	$—

2023	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2023	$1,452,819	$1,350,836	$547,548	$638,726	$389,366	$23,702
Additions based on tax positions related to the current year (b)	2,249	332,320	209	78	196	752
Additions for tax positions of prior years	—	—	—	—	94,793	—
Reductions for tax positions of prior years (c)	(148,558)	(458,072)	(16,853)	(191,336)	(67,156)	(9,532)
Settlements (c)	(1,237,313)	(361,041)	(525,251)	(428,137)	(1,994)	(621)
Gross balance at December 31, 2023	69,197	864,043	5,653	19,331	415,205	14,301
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(34,683)	(735,612)	(3,778)	(11,721)	(381,561)	(14,301)
Unrecognized tax benefits net of unused tax attributes	$34,514	$128,431	$1,875	$7,610	$33,644	$—

(a)Amounts in 2025 are primarily related to production tax credits generated in 2024 and 2025. See “Other Tax Matters - Inflation Reduction Act of 2022” below.

(b)The primary additions for Entergy Louisiana in 2023 are related to the Entergy Louisiana storm cost securitizations as discussed in “Other Tax Matters - Act 293 Securitizations” below.

(c)Amounts in 2023 are primarily related to the resolution of the 2016-2018 IRS audit as discussed in “Income Tax Audits - 2016-2018 IRS Audit” below.

The Registrant Subsidiaries’ balances of unrecognized tax benefits included amounts which, if recognized, would have reduced income tax expense as follows:

	December 31,
	2025	2024	2023
	(In Millions)
Entergy Arkansas	$360.3	$32.6	$57.2
Entergy Louisiana	$1,141.9	$868.2	$862.5
Entergy Mississippi	$1.7	$1.3	$1.0
Entergy New Orleans	$18.1	$18.3	$18.2
Entergy Texas	$113.6	$50.3	$2.9
System Energy	$218.0	$4.0	$3.1

Summary of Accrued Balances for Possible Payment of Interest Related to Unrecognized Tax Benefits [Table Text Block]

Accrued balances for the possible payment of interest related to unrecognized tax benefits for the Registrant Subsidiaries are as follows:

	December 31,
	2025	2024	2023
	(In Millions)
Entergy Arkansas	$9.5	$8.4	$7.8
Entergy Louisiana	$13.7	$5.1	$1.5
Entergy Mississippi	$4.5	$3.2	$2.1
Entergy New Orleans	$1.9	$0.6	$0.6
Entergy Texas	$1.3	$0.5	$—
System Energy	$2.3	$2.9	$1.9

Summary of Interest Recorded in Income Tax Expense Related to Unrecognized Tax Benefits [Table Text Block]

The Registrant Subsidiaries record interest and penalties related to unrecognized tax benefits in income tax expense.  No penalties were recorded in 2025, 2024, and 2023. Interest (net-of-tax) was recorded as follows:

	2025	2024	2023
	(In Millions)
Entergy Arkansas	$1.1	$0.6	$3.5
Entergy Louisiana	$8.6	$3.6	($2.6)
Entergy Mississippi	$1.3	$1.1	($1.0)
Entergy New Orleans	$1.3	$—	($5.8)
Entergy Texas	$0.8	$0.5	($1.1)
System Energy	($0.6)	$1.0	$—

Summary of net regulatory liabilities for income taxes related to Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2025 and December 31, 2024 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2025	2024
	(In Millions)
Entergy Arkansas	$423	$418
Entergy Louisiana	$313	$355
Entergy Mississippi	$171	$181
Entergy New Orleans	$16	$15
Entergy Texas	$58	$94
System Energy	$100	$105

Entergy Texas [Member]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income taxes for the Registrant Subsidiaries for 2025, 2024, and 2023 consist of the following:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	($21,471)	($104,215)	$49,157	$18,671	$4,479	($3,190)
State	(4,595)	(2,779)	8,905	3,169	3,442	(3,115)
Total	(26,066)	(106,994)	58,062	21,840	7,921	(6,305)
Deferred and non-current - net
Federal	117,798	297,466	26,320	(3,398)	58,464	18,485
State	17,379	51,897	10,991	(2,387)	(252)	7,339
Total	135,177	349,363	37,311	(5,785)	58,212	25,824
Investment tax credits - net
Federal	(1,231)	(4,556)	(76)	(200)	(767)	381
State	—	—	(196)	—	—	(325)
Total	(1,231)	(4,556)	(272)	(200)	(767)	56
Income taxes	$107,880	$237,813	$95,101	$15,855	$65,366	$19,575

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	($10,558)	($79,519)	$38,680	($8,022)	$8,281	($5,527)
State	(2,275)	1,709	2,407	5,331	5,468	(396)
Total	(12,833)	(77,810)	41,087	(2,691)	13,749	(5,923)
Deferred and non-current - net
Federal	68,988	201,737	25,316	9,297	51,588	29,470
State	19,649	106,098	14,292	(2,916)	1,114	9,939
Total	88,637	307,835	39,608	6,381	52,702	39,409
Investment tax credits - net
Federal	(1,230)	(4,616)	3	(848)	—	(2,716)
State	—	—	(383)	—	(767)	(1,267)
Total	(1,230)	(4,616)	(380)	(848)	(767)	(3,983)
Income taxes	$74,574	$225,409	$80,315	$2,842	$65,684	$29,503

2023	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	$33,100	($142,253)	$20,328	($99,343)	$2,851	$337
State	(4,201)	(6,397)	4,142	(5,854)	3,719	(1,570)
Total	28,899	(148,650)	24,470	(105,197)	6,570	(1,233)
Deferred and non-current - net
Federal	(164,493)	(94,167)	21,244	(78,442)	56,496	26,528
State	37,615	41,716	9,446	(6,302)	570	4,477
Total	(126,878)	(52,451)	30,690	(84,744)	57,066	31,005
Investment tax credits - net
Federal	(1,231)	(4,680)	(622)	(32)	(764)	2,482
State	—	—	(174)	—	—	(222)
Total	(1,231)	(4,680)	(796)	(32)	(764)	2,260
Income taxes	($99,210)	($205,781)	$54,364	($189,973)	$62,872	$32,032

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total income taxes for the Registrant Subsidiaries differ from the amounts computed by applying the statutory income tax rate to income before taxes. The reasons for the differences for each Registrant Subsidiary for the years 2025, 2024, and 2023 are:

Entergy Arkansas

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$440,532		$324,766		$402,081
Net loss attributable to noncontrolling interest	(3,079)		(5,300)		(5,231)
Net income	437,453		319,466		396,850
Income taxes	107,880		74,574		(99,210)
Income before income taxes	$545,333		$394,040		$297,640
Income taxes computed at Federal Statutory Tax rate statutory rate	$114,520	21%	$82,748	21%	$62,504	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	19,388	3.6%	13,940	3.5%	13,291	4.5%
Regulatory differences - utility plant items	(8,085)	(1.5%)	(9,885)	(2.5%)	(8,812)	(3.0%)
Equity component of AFUDC	(4,934)	(0.9%)	(6,032)	(1.5%)	(4,093)	(1.4%)
Tax credits - amortization of investment tax credits	(1,201)	(0.2%)	(1,201)	(0.3%)	(1,201)	(0.4%)
Nontaxable or nondeductible items/flow-through	(1,866)	(0.3%)	214	0.1%	1,105	0.4%
Amortization of deficient/(excess) ADIT (a)	(11,276)	(2.1%)	10,193	2.6%	(6,095)	(2.0%)
IRS audit resolution (b)	—	—%	—	—%	(159,588)	(53.6%)
State audit resolution (e)	—	—%	(18,276)	(4.6%)	—	—%
Changes in unrecognized tax benefits	(1,182)	(0.2%)	1,800	0.5%	2,600	0.9%
Changes in valuation allowances	1,462	0.3%	—	—%	—	—%
Other - net	1,054	0.2%	1,073	0.3%	1,079	0.4%
Total income taxes / Effective Tax Rate	$107,880	19.8%	$74,574	18.9%	($99,210)	(33.3%)

Entergy Louisiana

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$1,109,948		$887,645		$1,270,382
Net income attributable to noncontrolling interests	2,952		3,126		2,988
Net income	1,112,900		890,771		1,273,370
Income taxes	237,813		225,409		(205,781)
Income before income taxes	$1,350,713		$1,116,180		$1,067,589
Income taxes computed at Federal Statutory Tax rate statutory rate	$283,650	21%	$234,398	21%	$224,194	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	49,965	3.7%	50,760	4.5%	51,899	4.9%
Regulatory differences - utility plant items	(10,069)	(0.7%)	(9,988)	(0.9%)	(5,535)	(0.5%)
Equity component of AFUDC	(11,327)	(0.8%)	(7,513)	(0.7%)	(6,754)	(0.6%)
Tax credits - amortization of investment tax credits	(4,502)	(0.3%)	(4,563)	(0.4%)	(4,625)	(0.4%)
Nontaxable or nondeductible items/flow-through	(718)	(0.1%)	(3,244)	(0.3%)	126	—%
Amortization of deficient/(excess) ADIT (a)	(13,327)	(1.0%)	9,305	0.8%	14,032	1.3%
IRS audit resolution (b)	—	—%	—	—%	(179,111)	(16.8%)
Reversal of regulatory liability (c)	—	—%	—	—%	(105,649)	(9.9%)
Entergy Louisiana securitization (d)	—	—%	—	—%	(133,443)	(12.5%)
Enactment of new tax laws - state rate change (a)	—	—%	16,307	1.5%	—	—%
Non-taxable dividend income	(61,352)	(4.5%)	(64,982)	(5.8%)	(62,116)	(5.8%)
Changes in unrecognized tax benefits	4,307	0.3%	3,400	0.3%	(400)	—%
Changes in valuation allowances	5	—%	—	—%	—	—%
Other - net	1,181	0.1%	1,529	0.1%	1,601	0.1%
Total income taxes / Effective Tax Rate	$237,813	17.6%	$225,409	20.2%	($205,781)	(19.3%)

Entergy Mississippi

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$311,864		$255,958		$192,271
Net loss attributable to noncontrolling interest	(3,136)		(10,551)		(10,302)
Net income	308,728		245,407		181,969
Income taxes	95,101		80,315		54,364
Income before income taxes	$403,829		$325,722		$236,333
Income taxes computed at Federal Statutory Tax rate statutory rate	$84,804	21%	$68,402	21%	$49,630	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	15,876	3.9%	13,210	4.1%	11,133	4.7%
Regulatory differences - utility plant items	(5,400)	(1.3%)	(3,572)	(1.1%)	(5,290)	(2.2%)
Equity component of AFUDC	(1,984)	(0.5%)	(1,910)	(0.6%)	(1,796)	(0.8%)
Tax credits - amortization of investment tax credits	(228)	(0.1%)	(267)	(0.1%)	(223)	(0.1%)
Nontaxable or nondeductible items/flow-through	1,581	0.4%	2,987	0.9%	3,534	1.5%
IRS audit resolution (b)	—	—%	—	—%	(3,291)	(1.4%)
Changes in unrecognized tax benefits	93	—%	1,100	0.3%	300	0.1%
Other - net	359	0.1%	365	0.1%	367	0.2%
Total income taxes / Effective Tax Rate	$95,101	23.5%	$80,315	24.7%	$54,364	23.0%

Entergy New Orleans

	2025		2024		2023
	(Dollars In Thousands)
Net income	$50,411		$15,847		$228,938
Income taxes	15,855		2,842		(189,973)
Income before income taxes	$66,266		$18,689		$38,965
Income taxes computed at Federal Statutory Tax rate statutory rate	$13,916	21%	$3,925	21%	$8,183	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	3,985	6.0%	1,248	6.7%	1,907	4.9%
Regulatory differences - utility plant items	(131)	(0.2%)	(830)	(4.4%)	(1,353)	(3.5%)
Equity component of AFUDC	(390)	(0.6%)	(445)	(2.4%)	(309)	(0.8%)
Tax credits - amortization of investment tax credits	(97)	(0.1%)	(839)	(4.5%)	(25)	(0.1%)
Nontaxable or nondeductible items/flow-through	(1,138)	(1.7%)	(338)	(1.8%)	(1,913)	(4.9%)
Amortization of deficient/(excess) ADIT (a)	(1,344)	(2.0%)	(332)	(1.8%)	1,147	2.9%
IRS audit resolution (b)	—	—%	—	—%	(198,424)	(509.2%)
Enactment of new tax laws - state rate change (a)	—	—%	242	1.3%	—	—%
Changes in unrecognized tax benefits	847	1.3%	—	—%	600	1.5%
Other - net	207	0.3%	211	1.1%	214	0.5%
Total income taxes / Effective Tax Rate	$15,855	23.9%	$2,842	15.2%	($189,973)	(487.5%)

Entergy Texas

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to common stock	$331,999		$291,550		$289,201
Preferred dividend requirements	2,072		2,072		2,072
Net income	334,071		293,622		291,273
Income taxes	65,366		65,684		62,872
Income before income taxes	$399,437		$359,306		$354,145
Income taxes computed at Federal Statutory Tax rate statutory rate	$83,882	21%	$75,454	21%	$74,370	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	2,731	0.7%	5,164	1.4%	2,574	0.7%
Regulatory differences - utility plant items	(3,427)	(0.9%)	(4,537)	(1.3%)	(6,394)	(1.8%)
Equity component of AFUDC	(17,172)	(4.3%)	(10,045)	(2.8%)	(5,920)	(1.7%)
Tax credits - amortization of investment tax credits	(748)	(0.2%)	(748)	(0.2%)	(748)	(0.2%)
Nontaxable or nondeductible items/flow-through	(149)	—%	(760)	(0.2%)	1,493	0.4%
Amortization of deficient ADIT (a)		—%	2	—%	17	—%
IRS audit resolution (b)		—%	—	—%	(3,112)	(0.9%)
Changes in unrecognized tax benefits	(122)	—%	777	0.2%	211	0.1%
Other - net	371	0.1%	377	0.1%	381	0.1%
Total income taxes / Effective Tax Rate	$65,366	16.4%	$65,684	18.3%	$62,872	17.8%

System Energy

	2025		2024		2023
	(Dollars In Thousands)
Net income	$88,095		$103,500		$108,772
Income taxes	19,575		29,503		32,032
Income before income taxes	$107,670		$133,003		$140,804
Income taxes computed at Federal Statutory Tax rate statutory rate	$22,611	21%	$27,931	21%	$29,569	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	4,893	4.5%	4,936	3.7%	5,798	4.1%
Regulatory differences - utility plant items	(3,330)	(3.1%)	(1,475)	(1.1%)	(517)	(0.4%)
Equity component of AFUDC	(1,549)	(1.4%)	(1,398)	(1.1%)	(1,301)	(0.9%)
Tax credits - amortization of investment tax credits	(1,155)	(1.1%)	(1,155)	(0.9%)	(1,155)	(0.8%)
Nontaxable or nondeductible items/flow-through	(1,057)	(1.0%)	(538)	(0.4%)	(191)	(0.1%)
IRS audit resolution (b)	—	—%	—	—%	(1,575)	(1.1%)
Changes in unrecognized tax benefits	(1,036)	(1.0%)	1,000	0.8%	1,200	0.9%
Other - net	198	0.2%	202	0.2%	204	0.1%
Total income taxes / Effective Tax Rate	$19,575	18.2%	$29,503	22.2%	$32,032	22.7%

(a)See “Other Tax Matters - Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(b)See “Income Tax Audits - 2016-2018 IRS Audit” below for discussion of the resolution of the 2016-2018 IRS audit in 2023.

(c)See Note 2 to the financial statements for discussion of Entergy Louisiana’s reversal of a regulatory liability, primarily associated with the Hurricane Isaac securitization, recognized in 2017 as a result of the Tax Cuts and Jobs Act.

(d)See “Other Tax Matters - Act 293 Securitizations” below for discussion of the Entergy Louisiana March 2023 storm cost securitizations.

(e)See “Income Tax Audits - State Income Tax Audits” below for discussion of the resolution of the 2014-2018 Arkansas Department of Finance and Administration examination in 2024.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2025 and 2024 are as follows:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,752,176)	($2,993,462)	($927,853)	($243,442)	($788,106)	($473,895)
Regulatory assets	(237,989)	(469,902)	(39,316)	(53,375)	(111,154)	(119,157)
Nuclear decommissioning trusts/receivables	(223,747)	(202,364)	—	—	—	(175,341)
Pension, net regulatory asset	(102,847)	(87,917)	(26,416)	(8,725)	(15,642)	—
Power purchase agreements	13,633	(76,837)	1,140	(11,226)	(4,578)	—
Deferred fuel	(6,775)	(9,718)	(3,186)	(1)	(943)	(17)
Other	(20,874)	(88,305)	(4,763)	(2,208)	(6,158)	(10,214)
Total	(2,330,775)	(3,928,505)	(1,000,394)	(318,977)	(926,581)	(778,624)
Deferred tax assets:
Regulatory liabilities	348,063	595,662	51,201	70,190	35,726	226,660
Nuclear and other decommissioning liabilities	138,516	14,616	(155)	(407)	(449)	17,220
Pension and other postretirement benefits	(31,745)	41,555	(7,377)	(15,975)	(24,479)	(27,660)
Compensation	4,418	5,764	3,196	1,077	2,531	139
Accumulated deferred investment tax credit	6,067	23,882	3,291	3,909	1,358	10,740
Valuation allowance	(1,727)	(5)	—	—	—	—
Provision for allowances and contingencies	49,359	70,167	32,112	36,608	16,701	225
Unbilled/deferred revenues	5,490	(18,816)	897	(129)	8,561	—
Net operating loss carryforwards	169,743	360,028	—	6,803	54	84,302
Capital losses and miscellaneous tax credits	45,982	18,554	8,795	16,693	1,125	11,245
Other	10,373	40,459	(1,193)	612	404	36
Total	744,539	1,151,866	90,767	119,381	41,532	322,907
Non-current accrued taxes (including unrecognized tax benefits)	(260,477)	(316,579)	(17,107)	(1,749)	(62,018)	(169,448)
Accumulated deferred income taxes and taxes accrued	($1,846,713)	($3,093,218)	($926,734)	($201,345)	($947,067)	($625,165)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,530,196)	($2,729,299)	($849,623)	($272,182)	($727,242)	($466,361)
Regulatory assets	(219,773)	(497,177)	(37,374)	(72,389)	(100,959)	(75,606)
Nuclear decommissioning trusts/receivables	(185,725)	(202,364)	—	—	—	(175,341)
Pension, net regulatory asset	(101,887)	(84,732)	(26,064)	(9,687)	(16,569)	—
Power purchase agreements	11,993	(97,846)	1,140	(12,385)	(5,148)	—
Deferred fuel	—	(4,785)	(17,234)	(1,247)	—	(78)
Other	(24,430)	(106,590)	(5,231)	(5,133)	(4,512)	(13,572)
Total	(2,050,018)	(3,722,793)	(934,386)	(373,023)	(854,430)	(730,958)
Deferred tax assets:
Regulatory liabilities	310,621	678,086	53,046	89,385	37,325	229,065
Nuclear and other decommissioning liabilities	127,933	18,649	—	(407)	97	17,956
Pension and other postretirement benefits	(29,923)	39,379	(8,989)	(19,443)	(23,403)	(24,642)
Compensation	4,851	7,119	3,277	1,394	2,596	515
Accumulated deferred investment tax credit	6,360	26,549	3,355	4,205	1,515	10,724
Provision for allowances and contingencies	31,686	59,448	11,361	23,998	4,358	225
Unbilled/deferred revenues	3,546	(24,017)	1,274	715	7,925	—
Net operating loss carryforwards	126,255	336,128	305	30,740	50	69,611
Capital losses and miscellaneous tax credits	14,489	17,029	8,206	16,220	1,273	10,788
Other	11,608	54,207	1,096	1,692	1,189	—
Total	607,426	1,212,577	72,931	148,499	32,925	314,242
Non-current accrued taxes (including unrecognized tax benefits)	(46,577)	32,262	(8,661)	22,983	(47,344)	(35,114)
Accumulated deferred income taxes and taxes accrued	($1,489,169)	($2,477,954)	($870,116)	($201,541)	($868,849)	($451,830)

Summary of Tax Credit Carryforwards [Table Text Block]

The Registrant Subsidiaries’ estimated tax attributes carryovers and their expiration dates as of December 31, 2025 are as follows:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
Federal net operating losses before 1/1/2018	$— million	$812.8 million	$— million	$— million	$— million	$— million
Year(s) of expiration	N/A	2035-2037	N/A	2037	N/A	N/A
Federal net operating losses - 1/1/2018 forward	$802.9 million	$2.2 billion	$— million	$— million	$1.4 billion	$357.1 million
Year(s) of expiration	N/A	N/A	N/A	N/A	N/A	N/A
State net operating losses	$628.1 million	$6 billion	$— million	$181.3 million	$1.1 million	$314.2 million
Year(s) of expiration	2028-2032	N/A	N/A	N/A	2028	2042-2045
Misc. federal credits	$16.1 million	$24.5 million	$6.2 million	$17.4 million	$1.1 million	$6.3 million
Year(s) of expiration	2038-2045	2035-2045	2038-2045	2037-2045	2039-2045	2029-2045
State credits	$— million	$1.1 million	$8.6 million	$— million	$0.6 million	$19 million
Year(s) of expiration	N/A	N/A	2026-2028	N/A	2027-2033	2026-2028

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the Registrant Subsidiaries’ beginning and ending amount of unrecognized tax benefits for 2025, 2024, and 2023 is as follows:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2025	$45,413	$867,116	$5,989	$19,508	$384,333	$16,415
Additions based on tax positions related to the current year (a)	112,354	75,825	1,768	871	1,934	74,391
Additions for tax positions of prior years (a)	221,636	210,263	709	22	4,048	142,840
Reductions for tax positions of prior years	(1,152)	(6,167)	(555)	(847)	(887)	(165)
Gross balance at December 31, 2025	378,251	1,147,037	7,911	19,554	389,428	233,481
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(142,860)	(721,552)	(6,000)	(4,744)	(285,936)	(92,561)
Unrecognized tax benefits net of unused tax attributes	$235,391	$425,485	$1,911	$14,810	$103,492	$140,920

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2024	$69,197	$864,043	$5,653	$19,331	$415,205	$14,301
Additions based on tax positions related to the current year	2,732	1,921	237	163	378	833
Additions for tax positions of prior years	25,784	10,357	536	153	560	1,281
Reductions for tax positions of prior years	(52,300)	(9,205)	(437)	(139)	(31,810)	—
Gross balance at December 31, 2024	45,413	867,116	5,989	19,508	384,333	16,415
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(30,333)	(753,101)	(4,997)	(11,639)	(314,446)	(16,415)
Unrecognized tax benefits net of unused tax attributes	$15,080	$114,015	$992	$7,869	$69,887	$—

2023	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2023	$1,452,819	$1,350,836	$547,548	$638,726	$389,366	$23,702
Additions based on tax positions related to the current year (b)	2,249	332,320	209	78	196	752
Additions for tax positions of prior years	—	—	—	—	94,793	—
Reductions for tax positions of prior years (c)	(148,558)	(458,072)	(16,853)	(191,336)	(67,156)	(9,532)
Settlements (c)	(1,237,313)	(361,041)	(525,251)	(428,137)	(1,994)	(621)
Gross balance at December 31, 2023	69,197	864,043	5,653	19,331	415,205	14,301
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(34,683)	(735,612)	(3,778)	(11,721)	(381,561)	(14,301)
Unrecognized tax benefits net of unused tax attributes	$34,514	$128,431	$1,875	$7,610	$33,644	$—

(a)Amounts in 2025 are primarily related to production tax credits generated in 2024 and 2025. See “Other Tax Matters - Inflation Reduction Act of 2022” below.

(b)The primary additions for Entergy Louisiana in 2023 are related to the Entergy Louisiana storm cost securitizations as discussed in “Other Tax Matters - Act 293 Securitizations” below.

(c)Amounts in 2023 are primarily related to the resolution of the 2016-2018 IRS audit as discussed in “Income Tax Audits - 2016-2018 IRS Audit” below.

The Registrant Subsidiaries’ balances of unrecognized tax benefits included amounts which, if recognized, would have reduced income tax expense as follows:

	December 31,
	2025	2024	2023
	(In Millions)
Entergy Arkansas	$360.3	$32.6	$57.2
Entergy Louisiana	$1,141.9	$868.2	$862.5
Entergy Mississippi	$1.7	$1.3	$1.0
Entergy New Orleans	$18.1	$18.3	$18.2
Entergy Texas	$113.6	$50.3	$2.9
System Energy	$218.0	$4.0	$3.1

Summary of Accrued Balances for Possible Payment of Interest Related to Unrecognized Tax Benefits [Table Text Block]

Accrued balances for the possible payment of interest related to unrecognized tax benefits for the Registrant Subsidiaries are as follows:

	December 31,
	2025	2024	2023
	(In Millions)
Entergy Arkansas	$9.5	$8.4	$7.8
Entergy Louisiana	$13.7	$5.1	$1.5
Entergy Mississippi	$4.5	$3.2	$2.1
Entergy New Orleans	$1.9	$0.6	$0.6
Entergy Texas	$1.3	$0.5	$—
System Energy	$2.3	$2.9	$1.9

Summary of Interest Recorded in Income Tax Expense Related to Unrecognized Tax Benefits [Table Text Block]

The Registrant Subsidiaries record interest and penalties related to unrecognized tax benefits in income tax expense.  No penalties were recorded in 2025, 2024, and 2023. Interest (net-of-tax) was recorded as follows:

	2025	2024	2023
	(In Millions)
Entergy Arkansas	$1.1	$0.6	$3.5
Entergy Louisiana	$8.6	$3.6	($2.6)
Entergy Mississippi	$1.3	$1.1	($1.0)
Entergy New Orleans	$1.3	$—	($5.8)
Entergy Texas	$0.8	$0.5	($1.1)
System Energy	($0.6)	$1.0	$—

Summary of net regulatory liabilities for income taxes related to Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2025 and December 31, 2024 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2025	2024
	(In Millions)
Entergy Arkansas	$423	$418
Entergy Louisiana	$313	$355
Entergy Mississippi	$171	$181
Entergy New Orleans	$16	$15
Entergy Texas	$58	$94
System Energy	$100	$105

System Energy [Member]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income taxes for the Registrant Subsidiaries for 2025, 2024, and 2023 consist of the following:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	($21,471)	($104,215)	$49,157	$18,671	$4,479	($3,190)
State	(4,595)	(2,779)	8,905	3,169	3,442	(3,115)
Total	(26,066)	(106,994)	58,062	21,840	7,921	(6,305)
Deferred and non-current - net
Federal	117,798	297,466	26,320	(3,398)	58,464	18,485
State	17,379	51,897	10,991	(2,387)	(252)	7,339
Total	135,177	349,363	37,311	(5,785)	58,212	25,824
Investment tax credits - net
Federal	(1,231)	(4,556)	(76)	(200)	(767)	381
State	—	—	(196)	—	—	(325)
Total	(1,231)	(4,556)	(272)	(200)	(767)	56
Income taxes	$107,880	$237,813	$95,101	$15,855	$65,366	$19,575

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	($10,558)	($79,519)	$38,680	($8,022)	$8,281	($5,527)
State	(2,275)	1,709	2,407	5,331	5,468	(396)
Total	(12,833)	(77,810)	41,087	(2,691)	13,749	(5,923)
Deferred and non-current - net
Federal	68,988	201,737	25,316	9,297	51,588	29,470
State	19,649	106,098	14,292	(2,916)	1,114	9,939
Total	88,637	307,835	39,608	6,381	52,702	39,409
Investment tax credits - net
Federal	(1,230)	(4,616)	3	(848)	—	(2,716)
State	—	—	(383)	—	(767)	(1,267)
Total	(1,230)	(4,616)	(380)	(848)	(767)	(3,983)
Income taxes	$74,574	$225,409	$80,315	$2,842	$65,684	$29,503

2023	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Current
Federal	$33,100	($142,253)	$20,328	($99,343)	$2,851	$337
State	(4,201)	(6,397)	4,142	(5,854)	3,719	(1,570)
Total	28,899	(148,650)	24,470	(105,197)	6,570	(1,233)
Deferred and non-current - net
Federal	(164,493)	(94,167)	21,244	(78,442)	56,496	26,528
State	37,615	41,716	9,446	(6,302)	570	4,477
Total	(126,878)	(52,451)	30,690	(84,744)	57,066	31,005
Investment tax credits - net
Federal	(1,231)	(4,680)	(622)	(32)	(764)	2,482
State	—	—	(174)	—	—	(222)
Total	(1,231)	(4,680)	(796)	(32)	(764)	2,260
Income taxes	($99,210)	($205,781)	$54,364	($189,973)	$62,872	$32,032

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Total income taxes for the Registrant Subsidiaries differ from the amounts computed by applying the statutory income tax rate to income before taxes. The reasons for the differences for each Registrant Subsidiary for the years 2025, 2024, and 2023 are:

Entergy Arkansas

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$440,532		$324,766		$402,081
Net loss attributable to noncontrolling interest	(3,079)		(5,300)		(5,231)
Net income	437,453		319,466		396,850
Income taxes	107,880		74,574		(99,210)
Income before income taxes	$545,333		$394,040		$297,640
Income taxes computed at Federal Statutory Tax rate statutory rate	$114,520	21%	$82,748	21%	$62,504	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	19,388	3.6%	13,940	3.5%	13,291	4.5%
Regulatory differences - utility plant items	(8,085)	(1.5%)	(9,885)	(2.5%)	(8,812)	(3.0%)
Equity component of AFUDC	(4,934)	(0.9%)	(6,032)	(1.5%)	(4,093)	(1.4%)
Tax credits - amortization of investment tax credits	(1,201)	(0.2%)	(1,201)	(0.3%)	(1,201)	(0.4%)
Nontaxable or nondeductible items/flow-through	(1,866)	(0.3%)	214	0.1%	1,105	0.4%
Amortization of deficient/(excess) ADIT (a)	(11,276)	(2.1%)	10,193	2.6%	(6,095)	(2.0%)
IRS audit resolution (b)	—	—%	—	—%	(159,588)	(53.6%)
State audit resolution (e)	—	—%	(18,276)	(4.6%)	—	—%
Changes in unrecognized tax benefits	(1,182)	(0.2%)	1,800	0.5%	2,600	0.9%
Changes in valuation allowances	1,462	0.3%	—	—%	—	—%
Other - net	1,054	0.2%	1,073	0.3%	1,079	0.4%
Total income taxes / Effective Tax Rate	$107,880	19.8%	$74,574	18.9%	($99,210)	(33.3%)

Entergy Louisiana

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$1,109,948		$887,645		$1,270,382
Net income attributable to noncontrolling interests	2,952		3,126		2,988
Net income	1,112,900		890,771		1,273,370
Income taxes	237,813		225,409		(205,781)
Income before income taxes	$1,350,713		$1,116,180		$1,067,589
Income taxes computed at Federal Statutory Tax rate statutory rate	$283,650	21%	$234,398	21%	$224,194	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	49,965	3.7%	50,760	4.5%	51,899	4.9%
Regulatory differences - utility plant items	(10,069)	(0.7%)	(9,988)	(0.9%)	(5,535)	(0.5%)
Equity component of AFUDC	(11,327)	(0.8%)	(7,513)	(0.7%)	(6,754)	(0.6%)
Tax credits - amortization of investment tax credits	(4,502)	(0.3%)	(4,563)	(0.4%)	(4,625)	(0.4%)
Nontaxable or nondeductible items/flow-through	(718)	(0.1%)	(3,244)	(0.3%)	126	—%
Amortization of deficient/(excess) ADIT (a)	(13,327)	(1.0%)	9,305	0.8%	14,032	1.3%
IRS audit resolution (b)	—	—%	—	—%	(179,111)	(16.8%)
Reversal of regulatory liability (c)	—	—%	—	—%	(105,649)	(9.9%)
Entergy Louisiana securitization (d)	—	—%	—	—%	(133,443)	(12.5%)
Enactment of new tax laws - state rate change (a)	—	—%	16,307	1.5%	—	—%
Non-taxable dividend income	(61,352)	(4.5%)	(64,982)	(5.8%)	(62,116)	(5.8%)
Changes in unrecognized tax benefits	4,307	0.3%	3,400	0.3%	(400)	—%
Changes in valuation allowances	5	—%	—	—%	—	—%
Other - net	1,181	0.1%	1,529	0.1%	1,601	0.1%
Total income taxes / Effective Tax Rate	$237,813	17.6%	$225,409	20.2%	($205,781)	(19.3%)

Entergy Mississippi

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to member’s equity	$311,864		$255,958		$192,271
Net loss attributable to noncontrolling interest	(3,136)		(10,551)		(10,302)
Net income	308,728		245,407		181,969
Income taxes	95,101		80,315		54,364
Income before income taxes	$403,829		$325,722		$236,333
Income taxes computed at Federal Statutory Tax rate statutory rate	$84,804	21%	$68,402	21%	$49,630	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	15,876	3.9%	13,210	4.1%	11,133	4.7%
Regulatory differences - utility plant items	(5,400)	(1.3%)	(3,572)	(1.1%)	(5,290)	(2.2%)
Equity component of AFUDC	(1,984)	(0.5%)	(1,910)	(0.6%)	(1,796)	(0.8%)
Tax credits - amortization of investment tax credits	(228)	(0.1%)	(267)	(0.1%)	(223)	(0.1%)
Nontaxable or nondeductible items/flow-through	1,581	0.4%	2,987	0.9%	3,534	1.5%
IRS audit resolution (b)	—	—%	—	—%	(3,291)	(1.4%)
Changes in unrecognized tax benefits	93	—%	1,100	0.3%	300	0.1%
Other - net	359	0.1%	365	0.1%	367	0.2%
Total income taxes / Effective Tax Rate	$95,101	23.5%	$80,315	24.7%	$54,364	23.0%

Entergy New Orleans

	2025		2024		2023
	(Dollars In Thousands)
Net income	$50,411		$15,847		$228,938
Income taxes	15,855		2,842		(189,973)
Income before income taxes	$66,266		$18,689		$38,965
Income taxes computed at Federal Statutory Tax rate statutory rate	$13,916	21%	$3,925	21%	$8,183	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	3,985	6.0%	1,248	6.7%	1,907	4.9%
Regulatory differences - utility plant items	(131)	(0.2%)	(830)	(4.4%)	(1,353)	(3.5%)
Equity component of AFUDC	(390)	(0.6%)	(445)	(2.4%)	(309)	(0.8%)
Tax credits - amortization of investment tax credits	(97)	(0.1%)	(839)	(4.5%)	(25)	(0.1%)
Nontaxable or nondeductible items/flow-through	(1,138)	(1.7%)	(338)	(1.8%)	(1,913)	(4.9%)
Amortization of deficient/(excess) ADIT (a)	(1,344)	(2.0%)	(332)	(1.8%)	1,147	2.9%
IRS audit resolution (b)	—	—%	—	—%	(198,424)	(509.2%)
Enactment of new tax laws - state rate change (a)	—	—%	242	1.3%	—	—%
Changes in unrecognized tax benefits	847	1.3%	—	—%	600	1.5%
Other - net	207	0.3%	211	1.1%	214	0.5%
Total income taxes / Effective Tax Rate	$15,855	23.9%	$2,842	15.2%	($189,973)	(487.5%)

Entergy Texas

	2025		2024		2023
	(Dollars In Thousands)
Earnings applicable to common stock	$331,999		$291,550		$289,201
Preferred dividend requirements	2,072		2,072		2,072
Net income	334,071		293,622		291,273
Income taxes	65,366		65,684		62,872
Income before income taxes	$399,437		$359,306		$354,145
Income taxes computed at Federal Statutory Tax rate statutory rate	$83,882	21%	$75,454	21%	$74,370	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	2,731	0.7%	5,164	1.4%	2,574	0.7%
Regulatory differences - utility plant items	(3,427)	(0.9%)	(4,537)	(1.3%)	(6,394)	(1.8%)
Equity component of AFUDC	(17,172)	(4.3%)	(10,045)	(2.8%)	(5,920)	(1.7%)
Tax credits - amortization of investment tax credits	(748)	(0.2%)	(748)	(0.2%)	(748)	(0.2%)
Nontaxable or nondeductible items/flow-through	(149)	—%	(760)	(0.2%)	1,493	0.4%
Amortization of deficient ADIT (a)		—%	2	—%	17	—%
IRS audit resolution (b)		—%	—	—%	(3,112)	(0.9%)
Changes in unrecognized tax benefits	(122)	—%	777	0.2%	211	0.1%
Other - net	371	0.1%	377	0.1%	381	0.1%
Total income taxes / Effective Tax Rate	$65,366	16.4%	$65,684	18.3%	$62,872	17.8%

System Energy

	2025		2024		2023
	(Dollars In Thousands)
Net income	$88,095		$103,500		$108,772
Income taxes	19,575		29,503		32,032
Income before income taxes	$107,670		$133,003		$140,804
Income taxes computed at Federal Statutory Tax rate statutory rate	$22,611	21%	$27,931	21%	$29,569	21%
Increases (reductions) in tax resulting from:
State income taxes net of federal income tax effect	4,893	4.5%	4,936	3.7%	5,798	4.1%
Regulatory differences - utility plant items	(3,330)	(3.1%)	(1,475)	(1.1%)	(517)	(0.4%)
Equity component of AFUDC	(1,549)	(1.4%)	(1,398)	(1.1%)	(1,301)	(0.9%)
Tax credits - amortization of investment tax credits	(1,155)	(1.1%)	(1,155)	(0.9%)	(1,155)	(0.8%)
Nontaxable or nondeductible items/flow-through	(1,057)	(1.0%)	(538)	(0.4%)	(191)	(0.1%)
IRS audit resolution (b)	—	—%	—	—%	(1,575)	(1.1%)
Changes in unrecognized tax benefits	(1,036)	(1.0%)	1,000	0.8%	1,200	0.9%
Other - net	198	0.2%	202	0.2%	204	0.1%
Total income taxes / Effective Tax Rate	$19,575	18.2%	$29,503	22.2%	$32,032	22.7%

(a)See “Other Tax Matters - Arkansas and Louisiana Corporate Income Tax Rate Changes” below for details.

(b)See “Income Tax Audits - 2016-2018 IRS Audit” below for discussion of the resolution of the 2016-2018 IRS audit in 2023.

(c)See Note 2 to the financial statements for discussion of Entergy Louisiana’s reversal of a regulatory liability, primarily associated with the Hurricane Isaac securitization, recognized in 2017 as a result of the Tax Cuts and Jobs Act.

(d)See “Other Tax Matters - Act 293 Securitizations” below for discussion of the Entergy Louisiana March 2023 storm cost securitizations.

(e)See “Income Tax Audits - State Income Tax Audits” below for discussion of the resolution of the 2014-2018 Arkansas Department of Finance and Administration examination in 2024.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2025 and 2024 are as follows:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,752,176)	($2,993,462)	($927,853)	($243,442)	($788,106)	($473,895)
Regulatory assets	(237,989)	(469,902)	(39,316)	(53,375)	(111,154)	(119,157)
Nuclear decommissioning trusts/receivables	(223,747)	(202,364)	—	—	—	(175,341)
Pension, net regulatory asset	(102,847)	(87,917)	(26,416)	(8,725)	(15,642)	—
Power purchase agreements	13,633	(76,837)	1,140	(11,226)	(4,578)	—
Deferred fuel	(6,775)	(9,718)	(3,186)	(1)	(943)	(17)
Other	(20,874)	(88,305)	(4,763)	(2,208)	(6,158)	(10,214)
Total	(2,330,775)	(3,928,505)	(1,000,394)	(318,977)	(926,581)	(778,624)
Deferred tax assets:
Regulatory liabilities	348,063	595,662	51,201	70,190	35,726	226,660
Nuclear and other decommissioning liabilities	138,516	14,616	(155)	(407)	(449)	17,220
Pension and other postretirement benefits	(31,745)	41,555	(7,377)	(15,975)	(24,479)	(27,660)
Compensation	4,418	5,764	3,196	1,077	2,531	139
Accumulated deferred investment tax credit	6,067	23,882	3,291	3,909	1,358	10,740
Valuation allowance	(1,727)	(5)	—	—	—	—
Provision for allowances and contingencies	49,359	70,167	32,112	36,608	16,701	225
Unbilled/deferred revenues	5,490	(18,816)	897	(129)	8,561	—
Net operating loss carryforwards	169,743	360,028	—	6,803	54	84,302
Capital losses and miscellaneous tax credits	45,982	18,554	8,795	16,693	1,125	11,245
Other	10,373	40,459	(1,193)	612	404	36
Total	744,539	1,151,866	90,767	119,381	41,532	322,907
Non-current accrued taxes (including unrecognized tax benefits)	(260,477)	(316,579)	(17,107)	(1,749)	(62,018)	(169,448)
Accumulated deferred income taxes and taxes accrued	($1,846,713)	($3,093,218)	($926,734)	($201,345)	($947,067)	($625,165)

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Deferred tax liabilities:
Plant basis differences - net	($1,530,196)	($2,729,299)	($849,623)	($272,182)	($727,242)	($466,361)
Regulatory assets	(219,773)	(497,177)	(37,374)	(72,389)	(100,959)	(75,606)
Nuclear decommissioning trusts/receivables	(185,725)	(202,364)	—	—	—	(175,341)
Pension, net regulatory asset	(101,887)	(84,732)	(26,064)	(9,687)	(16,569)	—
Power purchase agreements	11,993	(97,846)	1,140	(12,385)	(5,148)	—
Deferred fuel	—	(4,785)	(17,234)	(1,247)	—	(78)
Other	(24,430)	(106,590)	(5,231)	(5,133)	(4,512)	(13,572)
Total	(2,050,018)	(3,722,793)	(934,386)	(373,023)	(854,430)	(730,958)
Deferred tax assets:
Regulatory liabilities	310,621	678,086	53,046	89,385	37,325	229,065
Nuclear and other decommissioning liabilities	127,933	18,649	—	(407)	97	17,956
Pension and other postretirement benefits	(29,923)	39,379	(8,989)	(19,443)	(23,403)	(24,642)
Compensation	4,851	7,119	3,277	1,394	2,596	515
Accumulated deferred investment tax credit	6,360	26,549	3,355	4,205	1,515	10,724
Provision for allowances and contingencies	31,686	59,448	11,361	23,998	4,358	225
Unbilled/deferred revenues	3,546	(24,017)	1,274	715	7,925	—
Net operating loss carryforwards	126,255	336,128	305	30,740	50	69,611
Capital losses and miscellaneous tax credits	14,489	17,029	8,206	16,220	1,273	10,788
Other	11,608	54,207	1,096	1,692	1,189	—
Total	607,426	1,212,577	72,931	148,499	32,925	314,242
Non-current accrued taxes (including unrecognized tax benefits)	(46,577)	32,262	(8,661)	22,983	(47,344)	(35,114)
Accumulated deferred income taxes and taxes accrued	($1,489,169)	($2,477,954)	($870,116)	($201,541)	($868,849)	($451,830)

Summary of Tax Credit Carryforwards [Table Text Block]

The Registrant Subsidiaries’ estimated tax attributes carryovers and their expiration dates as of December 31, 2025 are as follows:

	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
Federal net operating losses before 1/1/2018	$— million	$812.8 million	$— million	$— million	$— million	$— million
Year(s) of expiration	N/A	2035-2037	N/A	2037	N/A	N/A
Federal net operating losses - 1/1/2018 forward	$802.9 million	$2.2 billion	$— million	$— million	$1.4 billion	$357.1 million
Year(s) of expiration	N/A	N/A	N/A	N/A	N/A	N/A
State net operating losses	$628.1 million	$6 billion	$— million	$181.3 million	$1.1 million	$314.2 million
Year(s) of expiration	2028-2032	N/A	N/A	N/A	2028	2042-2045
Misc. federal credits	$16.1 million	$24.5 million	$6.2 million	$17.4 million	$1.1 million	$6.3 million
Year(s) of expiration	2038-2045	2035-2045	2038-2045	2037-2045	2039-2045	2029-2045
State credits	$— million	$1.1 million	$8.6 million	$— million	$0.6 million	$19 million
Year(s) of expiration	N/A	N/A	2026-2028	N/A	2027-2033	2026-2028

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the Registrant Subsidiaries’ beginning and ending amount of unrecognized tax benefits for 2025, 2024, and 2023 is as follows:

2025	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2025	$45,413	$867,116	$5,989	$19,508	$384,333	$16,415
Additions based on tax positions related to the current year (a)	112,354	75,825	1,768	871	1,934	74,391
Additions for tax positions of prior years (a)	221,636	210,263	709	22	4,048	142,840
Reductions for tax positions of prior years	(1,152)	(6,167)	(555)	(847)	(887)	(165)
Gross balance at December 31, 2025	378,251	1,147,037	7,911	19,554	389,428	233,481
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(142,860)	(721,552)	(6,000)	(4,744)	(285,936)	(92,561)
Unrecognized tax benefits net of unused tax attributes	$235,391	$425,485	$1,911	$14,810	$103,492	$140,920

2024	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2024	$69,197	$864,043	$5,653	$19,331	$415,205	$14,301
Additions based on tax positions related to the current year	2,732	1,921	237	163	378	833
Additions for tax positions of prior years	25,784	10,357	536	153	560	1,281
Reductions for tax positions of prior years	(52,300)	(9,205)	(437)	(139)	(31,810)	—
Gross balance at December 31, 2024	45,413	867,116	5,989	19,508	384,333	16,415
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(30,333)	(753,101)	(4,997)	(11,639)	(314,446)	(16,415)
Unrecognized tax benefits net of unused tax attributes	$15,080	$114,015	$992	$7,869	$69,887	$—

2023	Entergy Arkansas	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Energy
	(In Thousands)
Gross balance at January 1, 2023	$1,452,819	$1,350,836	$547,548	$638,726	$389,366	$23,702
Additions based on tax positions related to the current year (b)	2,249	332,320	209	78	196	752
Additions for tax positions of prior years	—	—	—	—	94,793	—
Reductions for tax positions of prior years (c)	(148,558)	(458,072)	(16,853)	(191,336)	(67,156)	(9,532)
Settlements (c)	(1,237,313)	(361,041)	(525,251)	(428,137)	(1,994)	(621)
Gross balance at December 31, 2023	69,197	864,043	5,653	19,331	415,205	14,301
Offsets to gross unrecognized tax benefits:
Loss and tax credit carryovers	(34,683)	(735,612)	(3,778)	(11,721)	(381,561)	(14,301)
Unrecognized tax benefits net of unused tax attributes	$34,514	$128,431	$1,875	$7,610	$33,644	$—

(a)Amounts in 2025 are primarily related to production tax credits generated in 2024 and 2025. See “Other Tax Matters - Inflation Reduction Act of 2022” below.

(b)The primary additions for Entergy Louisiana in 2023 are related to the Entergy Louisiana storm cost securitizations as discussed in “Other Tax Matters - Act 293 Securitizations” below.

(c)Amounts in 2023 are primarily related to the resolution of the 2016-2018 IRS audit as discussed in “Income Tax Audits - 2016-2018 IRS Audit” below.

The Registrant Subsidiaries’ balances of unrecognized tax benefits included amounts which, if recognized, would have reduced income tax expense as follows:

	December 31,
	2025	2024	2023
	(In Millions)
Entergy Arkansas	$360.3	$32.6	$57.2
Entergy Louisiana	$1,141.9	$868.2	$862.5
Entergy Mississippi	$1.7	$1.3	$1.0
Entergy New Orleans	$18.1	$18.3	$18.2
Entergy Texas	$113.6	$50.3	$2.9
System Energy	$218.0	$4.0	$3.1

Summary of Accrued Balances for Possible Payment of Interest Related to Unrecognized Tax Benefits [Table Text Block]

Accrued balances for the possible payment of interest related to unrecognized tax benefits for the Registrant Subsidiaries are as follows:

	December 31,
	2025	2024	2023
	(In Millions)
Entergy Arkansas	$9.5	$8.4	$7.8
Entergy Louisiana	$13.7	$5.1	$1.5
Entergy Mississippi	$4.5	$3.2	$2.1
Entergy New Orleans	$1.9	$0.6	$0.6
Entergy Texas	$1.3	$0.5	$—
System Energy	$2.3	$2.9	$1.9

Summary of Interest Recorded in Income Tax Expense Related to Unrecognized Tax Benefits [Table Text Block]

The Registrant Subsidiaries record interest and penalties related to unrecognized tax benefits in income tax expense.  No penalties were recorded in 2025, 2024, and 2023. Interest (net-of-tax) was recorded as follows:

	2025	2024	2023
	(In Millions)
Entergy Arkansas	$1.1	$0.6	$3.5
Entergy Louisiana	$8.6	$3.6	($2.6)
Entergy Mississippi	$1.3	$1.1	($1.0)
Entergy New Orleans	$1.3	$—	($5.8)
Entergy Texas	$0.8	$0.5	($1.1)
System Energy	($0.6)	$1.0	$—

Summary of net regulatory liabilities for income taxes related to Tax Cuts and Jobs Act [Table Text Block]

The Registrant Subsidiaries’ December 31, 2025 and December 31, 2024 balance sheets reflect net regulatory liabilities for income taxes as follows:

	2025	2024
	(In Millions)
Entergy Arkansas	$423	$418
Entergy Louisiana	$313	$355
Entergy Mississippi	$171	$181
Entergy New Orleans	$16	$15
Entergy Texas	$58	$94
System Energy	$100	$105