BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy has a single reportable segment, Utility, which includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business in portions of Louisiana. The Utility segment reflects management’s primary basis of organization with a predominant focus on its utility operations in the Gulf South. Parent & Other includes the parent company, Entergy Corporation, and other business activity, including Entergy’s non-utility operations business which owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers and also provides decommissioning services to nuclear power plants owned by non-affiliated entities in the United States.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy completed its multi-year strategy to exit the merchant nuclear power business in 2022 and upon completion of all transition activities, effective January 1, 2023, Entergy Wholesale Commodities is no longer a reportable segment. See Note 13 and Note 14 to the financial statements in the Form 10-K for discussion of the asset impairments and restructuring

charges related to the decision to exit the merchant nuclear power business. Remaining business activity previously reported under Entergy Wholesale Commodities is now included under Parent & Other. Historical segment financial information presented herein has been restated for the third quarter 2022 and the nine months ended September 30, 2022 to reflect the change in reportable segments. The change in reportable segments had no effect on Entergy’s consolidated financial statements or historical segment financial information for the Utility reportable segment.

Entergy’s segment financial information for the third quarters of 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$3,559,240	$36,302	($20)	$3,595,522
Income taxes	$225,989	$1,008	$—	$226,997
Consolidated net income (loss)	$754,036	($3,304)	($81,018)	$669,714
2022
Operating revenues	$4,156,616	$62,009	($10)	$4,218,615
Income taxes	$178,088	$6,024	$—	$184,112
Consolidated net income (loss)	$667,162	($55,870)	($55,410)	$555,882

Entergy’s segment financial information for the nine months ended September 30, 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$9,325,977	$96,661	($31)	$9,422,607
Income taxes	$304,352	($21,534)	$—	$282,818
Consolidated net income (loss)	$1,666,701	($74,257)	($218,418)	$1,374,026
Total assets as of September 30, 2023	$64,924,653	$839,217	($5,211,723)	$60,552,147
2022
Operating revenues	$10,191,041	$300,720	($24)	$10,491,737
Income taxes	($118,257)	$9,223	$—	($109,034)
Consolidated net income (loss)	$1,166,866	($36,772)	($130,608)	$999,486
Total assets as of December 31, 2022	$61,399,243	$884,442	($3,688,494)	$58,595,191

Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations are managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results. Management allocates resources and assesses financial performance on a consolidated basis.

Business Segment Information

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy has a single reportable segment, Utility, which includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business in portions of Louisiana. The Utility segment reflects management’s primary basis of organization with a predominant focus on its utility operations in the Gulf South. Parent & Other includes the parent company, Entergy Corporation, and other business activity, including Entergy’s non-utility operations business which owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers and also provides decommissioning services to nuclear power plants owned by non-affiliated entities in the United States.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy completed its multi-year strategy to exit the merchant nuclear power business in 2022 and upon completion of all transition activities, effective January 1, 2023, Entergy Wholesale Commodities is no longer a reportable segment. See Note 13 and Note 14 to the financial statements in the Form 10-K for discussion of the asset impairments and restructuring

charges related to the decision to exit the merchant nuclear power business. Remaining business activity previously reported under Entergy Wholesale Commodities is now included under Parent & Other. Historical segment financial information presented herein has been restated for the third quarter 2022 and the nine months ended September 30, 2022 to reflect the change in reportable segments. The change in reportable segments had no effect on Entergy’s consolidated financial statements or historical segment financial information for the Utility reportable segment.

Entergy’s segment financial information for the third quarters of 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$3,559,240	$36,302	($20)	$3,595,522
Income taxes	$225,989	$1,008	$—	$226,997
Consolidated net income (loss)	$754,036	($3,304)	($81,018)	$669,714
2022
Operating revenues	$4,156,616	$62,009	($10)	$4,218,615
Income taxes	$178,088	$6,024	$—	$184,112
Consolidated net income (loss)	$667,162	($55,870)	($55,410)	$555,882

Entergy’s segment financial information for the nine months ended September 30, 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$9,325,977	$96,661	($31)	$9,422,607
Income taxes	$304,352	($21,534)	$—	$282,818
Consolidated net income (loss)	$1,666,701	($74,257)	($218,418)	$1,374,026
Total assets as of September 30, 2023	$64,924,653	$839,217	($5,211,723)	$60,552,147
2022
Operating revenues	$10,191,041	$300,720	($24)	$10,491,737
Income taxes	($118,257)	$9,223	$—	($109,034)
Consolidated net income (loss)	$1,166,866	($36,772)	($130,608)	$999,486
Total assets as of December 31, 2022	$61,399,243	$884,442	($3,688,494)	$58,595,191

Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations are managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results. Management allocates resources and assesses financial performance on a consolidated basis.

Business Segment Information

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy has a single reportable segment, Utility, which includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business in portions of Louisiana. The Utility segment reflects management’s primary basis of organization with a predominant focus on its utility operations in the Gulf South. Parent & Other includes the parent company, Entergy Corporation, and other business activity, including Entergy’s non-utility operations business which owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers and also provides decommissioning services to nuclear power plants owned by non-affiliated entities in the United States.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy completed its multi-year strategy to exit the merchant nuclear power business in 2022 and upon completion of all transition activities, effective January 1, 2023, Entergy Wholesale Commodities is no longer a reportable segment. See Note 13 and Note 14 to the financial statements in the Form 10-K for discussion of the asset impairments and restructuring

charges related to the decision to exit the merchant nuclear power business. Remaining business activity previously reported under Entergy Wholesale Commodities is now included under Parent & Other. Historical segment financial information presented herein has been restated for the third quarter 2022 and the nine months ended September 30, 2022 to reflect the change in reportable segments. The change in reportable segments had no effect on Entergy’s consolidated financial statements or historical segment financial information for the Utility reportable segment.

Entergy’s segment financial information for the third quarters of 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$3,559,240	$36,302	($20)	$3,595,522
Income taxes	$225,989	$1,008	$—	$226,997
Consolidated net income (loss)	$754,036	($3,304)	($81,018)	$669,714
2022
Operating revenues	$4,156,616	$62,009	($10)	$4,218,615
Income taxes	$178,088	$6,024	$—	$184,112
Consolidated net income (loss)	$667,162	($55,870)	($55,410)	$555,882

Entergy’s segment financial information for the nine months ended September 30, 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$9,325,977	$96,661	($31)	$9,422,607
Income taxes	$304,352	($21,534)	$—	$282,818
Consolidated net income (loss)	$1,666,701	($74,257)	($218,418)	$1,374,026
Total assets as of September 30, 2023	$64,924,653	$839,217	($5,211,723)	$60,552,147
2022
Operating revenues	$10,191,041	$300,720	($24)	$10,491,737
Income taxes	($118,257)	$9,223	$—	($109,034)
Consolidated net income (loss)	$1,166,866	($36,772)	($130,608)	$999,486
Total assets as of December 31, 2022	$61,399,243	$884,442	($3,688,494)	$58,595,191

Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations are managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results. Management allocates resources and assesses financial performance on a consolidated basis.

Business Segment Information

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy has a single reportable segment, Utility, which includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business in portions of Louisiana. The Utility segment reflects management’s primary basis of organization with a predominant focus on its utility operations in the Gulf South. Parent & Other includes the parent company, Entergy Corporation, and other business activity, including Entergy’s non-utility operations business which owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers and also provides decommissioning services to nuclear power plants owned by non-affiliated entities in the United States.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy completed its multi-year strategy to exit the merchant nuclear power business in 2022 and upon completion of all transition activities, effective January 1, 2023, Entergy Wholesale Commodities is no longer a reportable segment. See Note 13 and Note 14 to the financial statements in the Form 10-K for discussion of the asset impairments and restructuring

charges related to the decision to exit the merchant nuclear power business. Remaining business activity previously reported under Entergy Wholesale Commodities is now included under Parent & Other. Historical segment financial information presented herein has been restated for the third quarter 2022 and the nine months ended September 30, 2022 to reflect the change in reportable segments. The change in reportable segments had no effect on Entergy’s consolidated financial statements or historical segment financial information for the Utility reportable segment.

Entergy’s segment financial information for the third quarters of 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$3,559,240	$36,302	($20)	$3,595,522
Income taxes	$225,989	$1,008	$—	$226,997
Consolidated net income (loss)	$754,036	($3,304)	($81,018)	$669,714
2022
Operating revenues	$4,156,616	$62,009	($10)	$4,218,615
Income taxes	$178,088	$6,024	$—	$184,112
Consolidated net income (loss)	$667,162	($55,870)	($55,410)	$555,882

Entergy’s segment financial information for the nine months ended September 30, 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$9,325,977	$96,661	($31)	$9,422,607
Income taxes	$304,352	($21,534)	$—	$282,818
Consolidated net income (loss)	$1,666,701	($74,257)	($218,418)	$1,374,026
Total assets as of September 30, 2023	$64,924,653	$839,217	($5,211,723)	$60,552,147
2022
Operating revenues	$10,191,041	$300,720	($24)	$10,491,737
Income taxes	($118,257)	$9,223	$—	($109,034)
Consolidated net income (loss)	$1,166,866	($36,772)	($130,608)	$999,486
Total assets as of December 31, 2022	$61,399,243	$884,442	($3,688,494)	$58,595,191

Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations are managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results. Management allocates resources and assesses financial performance on a consolidated basis.

Business Segment Information

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy has a single reportable segment, Utility, which includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business in portions of Louisiana. The Utility segment reflects management’s primary basis of organization with a predominant focus on its utility operations in the Gulf South. Parent & Other includes the parent company, Entergy Corporation, and other business activity, including Entergy’s non-utility operations business which owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers and also provides decommissioning services to nuclear power plants owned by non-affiliated entities in the United States.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy completed its multi-year strategy to exit the merchant nuclear power business in 2022 and upon completion of all transition activities, effective January 1, 2023, Entergy Wholesale Commodities is no longer a reportable segment. See Note 13 and Note 14 to the financial statements in the Form 10-K for discussion of the asset impairments and restructuring

charges related to the decision to exit the merchant nuclear power business. Remaining business activity previously reported under Entergy Wholesale Commodities is now included under Parent & Other. Historical segment financial information presented herein has been restated for the third quarter 2022 and the nine months ended September 30, 2022 to reflect the change in reportable segments. The change in reportable segments had no effect on Entergy’s consolidated financial statements or historical segment financial information for the Utility reportable segment.

Entergy’s segment financial information for the third quarters of 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$3,559,240	$36,302	($20)	$3,595,522
Income taxes	$225,989	$1,008	$—	$226,997
Consolidated net income (loss)	$754,036	($3,304)	($81,018)	$669,714
2022
Operating revenues	$4,156,616	$62,009	($10)	$4,218,615
Income taxes	$178,088	$6,024	$—	$184,112
Consolidated net income (loss)	$667,162	($55,870)	($55,410)	$555,882

Entergy’s segment financial information for the nine months ended September 30, 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$9,325,977	$96,661	($31)	$9,422,607
Income taxes	$304,352	($21,534)	$—	$282,818
Consolidated net income (loss)	$1,666,701	($74,257)	($218,418)	$1,374,026
Total assets as of September 30, 2023	$64,924,653	$839,217	($5,211,723)	$60,552,147
2022
Operating revenues	$10,191,041	$300,720	($24)	$10,491,737
Income taxes	($118,257)	$9,223	$—	($109,034)
Consolidated net income (loss)	$1,166,866	($36,772)	($130,608)	$999,486
Total assets as of December 31, 2022	$61,399,243	$884,442	($3,688,494)	$58,595,191

Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations are managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results. Management allocates resources and assesses financial performance on a consolidated basis.

Business Segment Information

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy has a single reportable segment, Utility, which includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business in portions of Louisiana. The Utility segment reflects management’s primary basis of organization with a predominant focus on its utility operations in the Gulf South. Parent & Other includes the parent company, Entergy Corporation, and other business activity, including Entergy’s non-utility operations business which owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers and also provides decommissioning services to nuclear power plants owned by non-affiliated entities in the United States.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy completed its multi-year strategy to exit the merchant nuclear power business in 2022 and upon completion of all transition activities, effective January 1, 2023, Entergy Wholesale Commodities is no longer a reportable segment. See Note 13 and Note 14 to the financial statements in the Form 10-K for discussion of the asset impairments and restructuring

charges related to the decision to exit the merchant nuclear power business. Remaining business activity previously reported under Entergy Wholesale Commodities is now included under Parent & Other. Historical segment financial information presented herein has been restated for the third quarter 2022 and the nine months ended September 30, 2022 to reflect the change in reportable segments. The change in reportable segments had no effect on Entergy’s consolidated financial statements or historical segment financial information for the Utility reportable segment.

Entergy’s segment financial information for the third quarters of 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$3,559,240	$36,302	($20)	$3,595,522
Income taxes	$225,989	$1,008	$—	$226,997
Consolidated net income (loss)	$754,036	($3,304)	($81,018)	$669,714
2022
Operating revenues	$4,156,616	$62,009	($10)	$4,218,615
Income taxes	$178,088	$6,024	$—	$184,112
Consolidated net income (loss)	$667,162	($55,870)	($55,410)	$555,882

Entergy’s segment financial information for the nine months ended September 30, 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$9,325,977	$96,661	($31)	$9,422,607
Income taxes	$304,352	($21,534)	$—	$282,818
Consolidated net income (loss)	$1,666,701	($74,257)	($218,418)	$1,374,026
Total assets as of September 30, 2023	$64,924,653	$839,217	($5,211,723)	$60,552,147
2022
Operating revenues	$10,191,041	$300,720	($24)	$10,491,737
Income taxes	($118,257)	$9,223	$—	($109,034)
Consolidated net income (loss)	$1,166,866	($36,772)	($130,608)	$999,486
Total assets as of December 31, 2022	$61,399,243	$884,442	($3,688,494)	$58,595,191

Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations are managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results. Management allocates resources and assesses financial performance on a consolidated basis.

Business Segment Information

BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy has a single reportable segment, Utility, which includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business in portions of Louisiana. The Utility segment reflects management’s primary basis of organization with a predominant focus on its utility operations in the Gulf South. Parent & Other includes the parent company, Entergy Corporation, and other business activity, including Entergy’s non-utility operations business which owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers and also provides decommissioning services to nuclear power plants owned by non-affiliated entities in the United States.

As discussed in Note 13 to the financial statements in the Form 10-K, Entergy completed its multi-year strategy to exit the merchant nuclear power business in 2022 and upon completion of all transition activities, effective January 1, 2023, Entergy Wholesale Commodities is no longer a reportable segment. See Note 13 and Note 14 to the financial statements in the Form 10-K for discussion of the asset impairments and restructuring

charges related to the decision to exit the merchant nuclear power business. Remaining business activity previously reported under Entergy Wholesale Commodities is now included under Parent & Other. Historical segment financial information presented herein has been restated for the third quarter 2022 and the nine months ended September 30, 2022 to reflect the change in reportable segments. The change in reportable segments had no effect on Entergy’s consolidated financial statements or historical segment financial information for the Utility reportable segment.

Entergy’s segment financial information for the third quarters of 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$3,559,240	$36,302	($20)	$3,595,522
Income taxes	$225,989	$1,008	$—	$226,997
Consolidated net income (loss)	$754,036	($3,304)	($81,018)	$669,714
2022
Operating revenues	$4,156,616	$62,009	($10)	$4,218,615
Income taxes	$178,088	$6,024	$—	$184,112
Consolidated net income (loss)	$667,162	($55,870)	($55,410)	$555,882

Entergy’s segment financial information for the nine months ended September 30, 2023 and 2022 was as follows:


	Utility	Parent & Other	Eliminations	Consolidated
	(In Thousands)
2023
Operating revenues	$9,325,977	$96,661	($31)	$9,422,607
Income taxes	$304,352	($21,534)	$—	$282,818
Consolidated net income (loss)	$1,666,701	($74,257)	($218,418)	$1,374,026
Total assets as of September 30, 2023	$64,924,653	$839,217	($5,211,723)	$60,552,147
2022
Operating revenues	$10,191,041	$300,720	($24)	$10,491,737
Income taxes	($118,257)	$9,223	$—	($109,034)
Consolidated net income (loss)	$1,166,866	($36,772)	($130,608)	$999,486
Total assets as of December 31, 2022	$61,399,243	$884,442	($3,688,494)	$58,595,191

Eliminations are primarily intersegment activity. Almost all of Entergy’s goodwill is related to the Utility segment.

Registrant Subsidiaries

Each of the Registrant Subsidiaries has one reportable segment, which is an integrated utility business, except for System Energy, which is an electricity generation business. Each of the Registrant Subsidiaries’ operations are managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results. Management allocates resources and assesses financial performance on a consolidated basis.