CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Cash and cash equivalents:
Cash	$ 64,542	$ 45,895
Temporary cash investments	4,140,498	1,883,021
Total cash and cash equivalents	4,205,040	1,928,916
Accounts receivable:
Customer	1,301,873	735,734
Allowance for doubtful accounts	(36,584)	(32,324)
Other	198,975	242,402
Accrued unbilled revenues	649,647	524,420
Total accounts receivable	2,113,911	1,470,232
Deferred fuel costs	227,306	54,133
Fuel inventory - at average cost	118,829	131,974
Materials and supplies	1,776,613	1,710,395
Deferred nuclear refueling outage costs	105,891	86,497
Prepayments and other	440,021	424,704
TOTAL	8,987,611	5,806,851
OTHER PROPERTY AND INVESTMENTS
Decommissioning trust funds	6,640,318	6,300,880
Non-utility property - at cost (less accumulated depreciation)	479,020	481,590
Storm reserve escrow accounts	317,145	308,784
Other	130,606	124,414
TOTAL	7,567,089	7,215,668
PROPERTY, PLANT, AND EQUIPMENT
Electric	77,245,447	74,750,917
Construction work in progress	10,756,920	6,020,008
Nuclear fuel	815,517	834,690
TOTAL PROPERTY, PLANT, AND EQUIPMENT	88,817,884	81,605,615
Less - accumulated depreciation and amortization	29,603,216	28,751,001
PROPERTY, PLANT, AND EQUIPMENT - NET	59,214,668	52,854,614
Regulatory assets:
Other regulatory assets (includes securitization property of $200,665 as of September 30, 2026 and $216,107 as of December 31, 2025)	4,884,562	5,005,976
Deferred fuel costs	172,201	172,201
Goodwill	367,582	367,582
Accumulated deferred income taxes	19,540	15,540
Other	642,242	452,298
TOTAL	6,086,127	6,013,597
TOTAL ASSETS	81,855,495	71,890,730
CURRENT LIABILITIES
Currently maturing long-term debt	1,010,218	2,375,140
Notes payable and commercial paper	132,197	657,774
Accounts payable	2,630,672	2,565,546
Customer deposits	495,700	479,796
Taxes accrued	697,798	525,189
Interest accrued	420,047	285,657
Deferred fuel costs	23,562	14,562
Pension and other postretirement liabilities	60,560	63,214
Customer advances	1,832,762	632,850
Other	288,618	223,240
TOTAL	7,592,134	7,822,968
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	6,409,958	5,592,681
Accumulated deferred investment tax credits	181,023	187,173
Regulatory liability for income taxes - net	1,009,678	1,079,699
Other regulatory liabilities	3,898,506	3,911,839
Customer advances	188,398	35,000
Decommissioning and asset retirement cost liabilities	5,120,495	4,947,530
Accumulated provisions	476,634	495,779
Pension and other postretirement liabilities	79,484	113,930
Long-term debt (includes securitization bonds of $212,738 as of September 30, 2026 and $221,139 as of December 31, 2025)	33,670,108	27,902,021
Customer advances for construction	2,200,124	1,615,455
Other	917,666	953,078
TOTAL	54,152,074	46,834,185
Commitments and Contingencies
Subsidiaries’ preferred stock without sinking fund	219,410	219,410
EQUITY
Preferred stock, no par value, authorized 1,000,000 shares in 2026 and 2025; issued shares in 2026 and 2025 - none	0	0
Common stock, $0.01 par value, authorized 998,000,000 shares in 2026 and 2025; issued 607,671,791 shares in 2026 and 583,203,774 shares in 2025	6,077	5,832
Paid-in capital	10,896,880	8,979,387
Retained earnings	13,621,721	12,698,436
Accumulated other comprehensive loss	(3,088)	(3,006)
Less - treasury stock, at cost (129,850,779 shares in 2026 and 130,864,409 shares in 2025)	4,720,723	4,757,573
Total shareholders’ equity	19,800,867	16,923,076
Subsidiaries’ preferred stock without sinking fund and noncontrolling interests	91,010	91,091
TOTAL	19,891,877	17,014,167
TOTAL LIABILITIES AND EQUITY	81,855,495	71,890,730
ENTERGY ARKANSAS, LLC
Cash and cash equivalents:
Cash	6,284	7,048
Temporary cash investments	617,030	268,522
Total cash and cash equivalents	623,314	275,570
Accounts receivable:
Allowance for doubtful accounts	(8,215)	(7,303)
Other	71,422	87,029
Accrued unbilled revenues	160,071	130,950
Total accounts receivable	582,690	418,831
Deferred fuel costs	165,613	27,704
Fuel inventory - at average cost	41,904	39,382
Materials and supplies	449,570	430,662
Deferred nuclear refueling outage costs	45,747	36,718
Prepayments and other	81,530	98,975
TOTAL	1,990,368	1,327,842
OTHER PROPERTY AND INVESTMENTS
Decommissioning trust funds	1,905,389	1,816,331
Other	790	793
TOTAL	1,906,179	1,817,124
PROPERTY, PLANT, AND EQUIPMENT
Electric	17,455,062	17,022,476
Construction work in progress	1,319,724	621,218
Nuclear fuel	220,618	302,706
TOTAL PROPERTY, PLANT, AND EQUIPMENT	18,995,404	17,946,400
Less - accumulated depreciation and amortization	6,768,910	6,585,693
PROPERTY, PLANT, AND EQUIPMENT - NET	12,226,494	11,360,707
Regulatory assets:
Other regulatory assets (includes securitization property of $200,665 as of September 30, 2026 and $216,107 as of December 31, 2025)	1,669,021	1,743,848
Other	251,970	221,381
TOTAL	1,920,991	1,965,229
TOTAL ASSETS	18,044,032	16,470,902
CURRENT LIABILITIES
Currently maturing long-term debt	0	690,000
Customer deposits	142,335	136,587
Taxes accrued	65,628	114,993
Interest accrued	73,942	39,709
Other	76,997	56,083
TOTAL	793,980	1,487,324
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	2,082,155	1,846,713
Accumulated deferred investment tax credits	23,967	24,868
Regulatory liability for income taxes - net	441,762	422,740
Other regulatory liabilities	1,054,729	1,044,060
Customer advances	94,900	10,000
Decommissioning and asset retirement cost liabilities	1,856,499	1,791,372
Accumulated provisions	89,160	85,539
Long-term debt (includes securitization bonds of $212,738 as of September 30, 2026 and $221,139 as of December 31, 2025)	5,833,654	4,733,604
Other	432,324	314,495
TOTAL	11,909,150	10,273,391
Commitments and Contingencies
EQUITY
Member’s equity	5,330,130	4,699,369
Noncontrolling interest	10,772	10,818
TOTAL	5,340,902	4,710,187
TOTAL LIABILITIES AND EQUITY	18,044,032	16,470,902
ENTERGY ARKANSAS, LLC | Nonrelated Party
Accounts receivable:
Customer	307,055	164,296
CURRENT LIABILITIES
Accounts payable	367,242	346,541
ENTERGY ARKANSAS, LLC | Affiliated Entity
Accounts receivable:
Customer	52,357	43,859
CURRENT LIABILITIES
Accounts payable	67,836	103,411
ENTERGY LOUISIANA, LLC
Cash and cash equivalents:
Cash	770	237
Temporary cash investments	2,281,059	776,724
Total cash and cash equivalents	2,281,829	776,961
Accounts receivable:
Allowance for doubtful accounts	(12,122)	(9,069)
Other	70,404	50,471
Accrued unbilled revenues	249,822	194,429
Total accounts receivable	973,297	693,108
Deferred fuel costs	0	15,672
Fuel inventory - at average cost	34,345	35,968
Materials and supplies	836,312	792,217
Deferred nuclear refueling outage costs	19,946	40,683
Prepayments and other	360,848	187,832
TOTAL	4,506,577	2,542,441
OTHER PROPERTY AND INVESTMENTS
Investment in affiliate preferred membership interests	3,797,173	4,007,919
Decommissioning trust funds	2,912,566	2,753,828
Non-utility property - at cost (less accumulated depreciation)	457,549	459,706
Storm reserve escrow accounts	241,326	234,961
Other	10,208	10,132
TOTAL	7,418,822	7,466,546
PROPERTY, PLANT, AND EQUIPMENT
Electric	31,868,546	30,408,352
Construction work in progress	4,590,946	2,031,650
Nuclear fuel	336,319	323,052
TOTAL PROPERTY, PLANT, AND EQUIPMENT	36,795,811	32,763,054
Less - accumulated depreciation and amortization	11,649,597	11,275,981
PROPERTY, PLANT, AND EQUIPMENT - NET	25,146,214	21,487,073
Regulatory assets:
Other regulatory assets (includes securitization property of $200,665 as of September 30, 2026 and $216,107 as of December 31, 2025)	1,565,875	1,540,709
Deferred fuel costs	168,122	168,122
Other	194,166	132,679
TOTAL	1,928,163	1,841,510
TOTAL ASSETS	38,999,776	33,337,570
CURRENT LIABILITIES
Currently maturing long-term debt	920,000	720,000
Customer deposits	176,823	172,594
Taxes accrued	174,139	64,793
Interest accrued	121,646	126,349
Deferred fuel costs	22,196	0
Customer advances	1,590,597	543,312
Other	120,565	94,876
TOTAL	4,434,198	2,575,409
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	3,530,608	3,093,218
Accumulated deferred investment tax credits	80,866	84,177
Regulatory liability for income taxes - net	264,438	312,684
Other regulatory liabilities	1,560,954	1,630,763
Decommissioning and asset retirement cost liabilities	2,006,224	1,932,412
Accumulated provisions	266,336	260,660
Pension and other postretirement liabilities	155,572	159,075
Long-term debt (includes securitization bonds of $212,738 as of September 30, 2026 and $221,139 as of December 31, 2025)	11,686,594	9,646,835
Customer advances for construction	1,482,970	1,152,530
Other	579,623	558,621
TOTAL	21,614,185	18,830,975
Commitments and Contingencies
EQUITY
Accumulated other comprehensive loss	30,654	33,916
Member’s equity	12,880,604	11,857,063
Noncontrolling interest	40,135	40,207
TOTAL	12,951,393	11,931,186
TOTAL LIABILITIES AND EQUITY	38,999,776	33,337,570
ENTERGY LOUISIANA, LLC | Nonrelated Party
Accounts receivable:
Customer	499,468	292,366
CURRENT LIABILITIES
Accounts payable	1,205,979	761,359
ENTERGY LOUISIANA, LLC | Affiliated Entity
Accounts receivable:
Customer	165,725	164,911
CURRENT LIABILITIES
Accounts payable	102,253	92,126
ENTERGY MISSISSIPPI, LLC
Cash and cash equivalents:
Cash	26	27
Temporary cash investments	614,050	341,457
Total cash and cash equivalents	614,076	341,484
Accounts receivable:
Allowance for doubtful accounts	(5,176)	(3,509)
Other	21,362	20,641
Accrued unbilled revenues	100,471	90,235
Total accounts receivable	376,787	260,903
Deferred fuel costs	33,546	10,757
Fuel inventory - at average cost	16,454	18,481
Materials and supplies	115,976	112,082
Prepayments and other	51,239	36,911
TOTAL	1,208,078	780,618
OTHER PROPERTY AND INVESTMENTS
Non-utility property - at cost (less accumulated depreciation)	4,456	4,467
Other	754	864
TOTAL	5,210	5,331
PROPERTY, PLANT, AND EQUIPMENT
Electric	8,592,494	8,366,079
Construction work in progress	2,447,466	1,396,075
TOTAL PROPERTY, PLANT, AND EQUIPMENT	11,039,960	9,762,154
Less - accumulated depreciation and amortization	2,752,039	2,635,823
PROPERTY, PLANT, AND EQUIPMENT - NET	8,287,921	7,126,331
Regulatory assets:
Other regulatory assets (includes securitization property of $200,665 as of September 30, 2026 and $216,107 as of December 31, 2025)	451,915	455,714
Other	120,773	108,480
TOTAL	572,688	564,194
TOTAL ASSETS	10,073,897	8,476,474
CURRENT LIABILITIES
Customer deposits	100,380	97,875
Taxes accrued	214,137	163,220
Interest accrued	72,378	28,467
Customer advances	242,165	89,538
Other	26,981	23,678
TOTAL	1,090,014	861,669
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	975,430	926,734
Accumulated deferred investment tax credits	12,872	13,191
Regulatory liability for income taxes - net	165,353	170,902
Other regulatory liabilities	164,701	144,124
Customer advances	93,498	25,000
Decommissioning and asset retirement cost liabilities	27,663	26,538
Accumulated provisions	27,975	51,564
Long-term debt (includes securitization bonds of $212,738 as of September 30, 2026 and $221,139 as of December 31, 2025)	3,666,555	3,021,324
Customer advances for construction	267,843	184,564
Other	63,693	67,648
TOTAL	5,465,583	4,631,589
Commitments and Contingencies
EQUITY
Member’s equity	3,513,197	2,978,150
Noncontrolling interest	5,103	5,066
TOTAL	3,518,300	2,983,216
TOTAL LIABILITIES AND EQUITY	10,073,897	8,476,474
ENTERGY MISSISSIPPI, LLC | Nonrelated Party
Accounts receivable:
Customer	218,029	115,813
CURRENT LIABILITIES
Accounts payable	371,789	397,756
ENTERGY MISSISSIPPI, LLC | Affiliated Entity
Accounts receivable:
Customer	42,101	37,723
CURRENT LIABILITIES
Accounts payable	62,184	61,135
ENTERGY NEW ORLEANS, LLC
Cash and cash equivalents:
Cash	26	26
Temporary cash investments	79,123	110,238
Total cash and cash equivalents	79,149	110,264
Accounts receivable:
Allowance for doubtful accounts	(2,724)	(3,845)
Other	5,307	3,668
Accrued unbilled revenues	34,108	28,303
Total accounts receivable	133,273	94,557
Fuel inventory - at average cost	704	816
Materials and supplies	38,598	30,539
Prepayments and other	19,284	12,992
TOTAL	271,008	249,168
OTHER PROPERTY AND INVESTMENTS
Storm reserve escrow accounts	75,819	73,822
Other	9,152	9,485
TOTAL	84,971	83,307
PROPERTY, PLANT, AND EQUIPMENT
Electric	2,335,745	2,267,691
Construction work in progress	72,507	43,055
TOTAL PROPERTY, PLANT, AND EQUIPMENT	2,408,252	2,310,746
Less - accumulated depreciation and amortization	811,326	778,401
PROPERTY, PLANT, AND EQUIPMENT - NET	1,596,926	1,532,345
Regulatory assets:
Other regulatory assets (includes securitization property of $200,665 as of September 30, 2026 and $216,107 as of December 31, 2025)	105,200	109,690
Deferred fuel costs	4,080	4,080
Other	87,408	80,090
TOTAL	196,688	193,860
TOTAL ASSETS	2,149,593	2,058,680
CURRENT LIABILITIES
Currently maturing long-term debt	0	85,000
Customer deposits	31,095	30,632
Taxes accrued	30,422	16,336
Interest accrued	10,694	6,829
Deferred fuel costs	1,365	3,209
Other	17,653	10,659
TOTAL	179,155	233,161
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	211,338	201,345
Accumulated deferred investment tax credits	15,356	15,425
Regulatory liability for income taxes - net	9,578	15,656
Other regulatory liabilities	301,477	312,962
Accumulated provisions	79,607	78,933
Long-term debt (includes securitization bonds of $212,738 as of September 30, 2026 and $221,139 as of December 31, 2025)	655,434	565,985
Other	23,404	22,057
TOTAL	1,301,338	1,217,507
Commitments and Contingencies
EQUITY
Member’s equity	669,100	608,012
TOTAL	669,100	608,012
TOTAL LIABILITIES AND EQUITY	2,149,593	2,058,680
ENTERGY NEW ORLEANS, LLC | Nonrelated Party
Accounts receivable:
Customer	91,222	55,972
CURRENT LIABILITIES
Accounts payable	39,371	32,067
ENTERGY NEW ORLEANS, LLC | Affiliated Entity
Accounts receivable:
Customer	5,360	10,459
CURRENT LIABILITIES
Payable due to associated company	720	720
Accounts payable	47,835	47,709
NON-CURRENT LIABILITIES
Long-term payable due to associated company	5,144	5,144
ENTERGY TEXAS, INC.
Cash and cash equivalents:
Cash	28	200
Temporary cash investments	412,491	274,908
Total cash and cash equivalents	412,519	275,108
Securitization recovery trust account	9,912	1,480
Accounts receivable:
Allowance for doubtful accounts	(8,346)	(8,598)
Other	20,741	67,400
Accrued unbilled revenues	105,175	80,503
Total accounts receivable	334,897	275,339
Deferred fuel costs	28,147	0
Fuel inventory - at average cost	23,773	30,833
Materials and supplies	180,262	190,322
Prepayments and other	63,317	49,161
TOTAL	1,052,827	822,243
OTHER PROPERTY AND INVESTMENTS
Investment in affiliate preferred membership interests	14	56
Other	15,721	15,607
TOTAL	15,735	15,663
PROPERTY, PLANT, AND EQUIPMENT
Electric	9,759,834	9,491,159
Construction work in progress	2,150,336	1,761,028
TOTAL PROPERTY, PLANT, AND EQUIPMENT	11,910,170	11,252,187
Less - accumulated depreciation and amortization	2,888,376	2,764,308
PROPERTY, PLANT, AND EQUIPMENT - NET	9,021,794	8,487,879
Regulatory assets:
Other regulatory assets (includes securitization property of $200,665 as of September 30, 2026 and $216,107 as of December 31, 2025)	511,489	510,806
Other	211,934	191,555
TOTAL	723,423	702,361
TOTAL ASSETS	10,813,779	10,028,146
CURRENT LIABILITIES
Currently maturing long-term debt	0	130,000
Customer deposits	45,068	42,109
Taxes accrued	82,944	87,180
Interest accrued	33,779	41,907
Deferred fuel costs	0	11,353
Other	20,915	16,801
TOTAL	480,262	921,141
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	1,048,396	947,067
Accumulated deferred investment tax credits	6,026	6,467
Regulatory liability for income taxes - net	36,695	57,755
Other regulatory liabilities	182,711	138,969
Decommissioning and asset retirement cost liabilities	15,722	15,097
Accumulated provisions	10,912	13,558
Long-term debt (includes securitization bonds of $212,738 as of September 30, 2026 and $221,139 as of December 31, 2025)	4,313,131	3,900,188
Other	114,755	129,693
TOTAL	5,728,348	5,208,794
Commitments and Contingencies
EQUITY
Common stock, $0.01 par value, authorized 998,000,000 shares in 2026 and 2025; issued 607,671,791 shares in 2026 and 583,203,774 shares in 2025	49,452	49,452
Paid-in capital	1,790,125	1,425,125
Retained earnings	2,726,842	2,384,884
Total shareholders’ equity	4,566,419	3,859,461
Preferred stock without sinking fund	38,750	38,750
TOTAL	4,605,169	3,898,211
TOTAL LIABILITIES AND EQUITY	10,813,779	10,028,146
ENTERGY TEXAS, INC. | Nonrelated Party
Accounts receivable:
Customer	186,098	107,287
CURRENT LIABILITIES
Accounts payable	232,024	518,613
ENTERGY TEXAS, INC. | Affiliated Entity
Accounts receivable:
Customer	31,229	28,747
CURRENT LIABILITIES
Accounts payable	65,532	73,178
SYSTEM ENERGY RESOURCES, INC.
Cash and cash equivalents:
Cash	106	56
Temporary cash investments	31,353	0
Total cash and cash equivalents	31,459	56
Accounts receivable:
Customer	55,042	65,083
Other	4,925	6,833
Total accounts receivable	59,967	71,916
Materials and supplies	153,276	149,847
Deferred nuclear refueling outage costs	40,197	9,096
Prepayments and other	12,851	5,101
TOTAL	297,750	236,016
OTHER PROPERTY AND INVESTMENTS
Decommissioning trust funds	1,822,363	1,730,722
TOTAL	1,822,363	1,730,722
PROPERTY, PLANT, AND EQUIPMENT
Electric	5,869,184	5,753,963
Construction work in progress	104,527	123,172
Nuclear fuel	258,580	208,932
TOTAL PROPERTY, PLANT, AND EQUIPMENT	6,232,291	6,086,067
Less - accumulated depreciation and amortization	3,733,873	3,679,886
PROPERTY, PLANT, AND EQUIPMENT - NET	2,498,418	2,406,181
Regulatory assets:
Other regulatory assets (includes securitization property of $200,665 as of September 30, 2026 and $216,107 as of December 31, 2025)	547,835	601,185
Other	43,251	34,301
TOTAL	591,086	635,486
TOTAL ASSETS	5,209,617	5,008,405
CURRENT LIABILITIES
Currently maturing long-term debt	90,218	140
Taxes accrued	6,434	11,685
Interest accrued	21,731	13,215
Other	4,368	4,089
TOTAL	170,082	121,268
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued	723,505	625,165
Accumulated deferred investment tax credits	41,935	43,045
Regulatory liability for income taxes - net	91,852	99,960
Other regulatory liabilities	890,267	897,301
Decommissioning and asset retirement cost liabilities	1,208,119	1,172,967
Long-term debt (includes securitization bonds of $212,738 as of September 30, 2026 and $221,139 as of December 31, 2025)	1,083,236	1,088,563
Other	6,132	2
TOTAL	4,045,046	3,927,003
Commitments and Contingencies
EQUITY
Common stock, $0.01 par value, authorized 998,000,000 shares in 2026 and 2025; issued 607,671,791 shares in 2026 and 583,203,774 shares in 2025	908,944	908,944
Retained earnings	85,545	51,190
TOTAL	994,489	960,134
TOTAL LIABILITIES AND EQUITY	5,209,617	5,008,405
SYSTEM ENERGY RESOURCES, INC. | Nonrelated Party
CURRENT LIABILITIES
Accounts payable	35,221	66,611
SYSTEM ENERGY RESOURCES, INC. | Affiliated Entity
CURRENT LIABILITIES
Accounts payable	$ 12,110	$ 25,528