ETI-P

MKT CAP:$1B

Entergy Texas, Inc.

Market Cap

$1B

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Utilities·Regulated Electric·🇺🇸·NYSE

Stock Price

$24.08+$0.69 (+2.95%)

Apr 24, 2026

Company Details

Entergy Texas Inc. is an integrated energy company engaged in electric power production and retail electric distribution operations. The company operates through a Utility segment that includes generation, transmission, distribution, and sa...

CEO

Eliecer Viamontes

IPO Date

Sep 4, 2019

Website

www.entergy-texas.com

Key Metrics TTM

Revenue

$2.0B

-1.3% YoY

Net Income

$287M

EPS (Diluted)

$2.82

Free Cash Flow

-$570M

Revenue / Share

$4.45

Gross Margin

42.6%

Operating Margin

20.8%

Net Margin

14.5%

FCF Margin

-28.7%

P/S

0.6x

P/E

3.9x

Earnings Reports

Q2 2025

Aug 1, 2025

$532M+2.4%EPS $1.05

Q1 2025

May 1, 2025

$442M-0.6%EPS $0.82

Q4 2024

Feb 18, 2025

$490MEPS $0.15

Q2 2024

Aug 2, 2024

$519M+11.8%EPS $0.80

Q1 2024

May 2, 2024

$444M-12.4%EPS $0.35

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$495M	$198M	$108M
Q4 20	$381M	$131M	$46M
Q1 21	$480M	$164M	$75M
Q2 21	$430M	$167M	$67M
Q3 21	$542M	$224M	$129M
Q1 22	$472M	$162M	$73M
Q2 22	$565M	$236M	$133M
Q3 22	$660M	$255M	$158M
Q4 22	$592M	$162M	$70M
Q1 23	$508M	$168M	$69M
Q2 23	$464M	$225M	$129M
Q1 24	$444M	$176M	$63M
Q2 24	$519M	$232M	$130M
Q4 24	$490M	$177M	$73M
Q1 25	$442M	$210M	$96M
Q2 25	$532M	$226M	$113M

Valuation

Quarter	P/S	P/E
Q3 20	3.5x	27.5x
Q4 20	3.5x	26.1x
Q1 21	3.2x	23.4x
Q2 21	3.1x	24.3x
Q3 21	2.9x	23.1x
Q1 22	2.7x	21.7x
Q2 22	2.6x	18.1x
Q3 22	2.1x	13.2x
Q4 22	2.2x	16.3x
Q1 23	2.2x	17.7x
Q2 23	2.3x	17.6x
Q1 24	0.6x	5.7x
Q2 24	2.5x	19.1x
Q4 24	5.3x	38.2x
Q1 25	5.5x	43.3x
Q2 25	5.1x	35.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	$124M	-$84M
Q4 20	$81M	-$111M
Q1 21	-$29M	-$268M
Q2 21	$148M	-$14M
Q3 21	$135M	-$4M
Q1 22	$82M	-$74M
Q2 22	$89M	-$59M
Q3 22	$53M	-$112M
Q4 22	$185M	-$43M
Q1 23	$198M	-$7M
Q2 23	$110M	-$133M
Q1 24	$111M	-$125M
Q2 24	$182M	-$106M
Q4 24	$273M	-$127M
Q1 25	$3M	-$2M
Q2 25	$181M	-$335M

Capital Expenditures

Quarter	CapEx
Q3 20	$208M
Q4 20	$192M
Q1 21	$239M
Q2 21	$162M
Q3 21	$140M
Q1 22	$156M
Q2 22	$149M
Q3 22	$165M
Q4 22	$227M
Q1 23	$205M
Q2 23	$243M
Q1 24	$236M
Q2 24	$287M
Q4 24	$399M
Q1 25	$2M
Q2 25	$516M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	+11.8%	+3.5%
Q4 20	+11.3%	+5.3%
Q1 21	+41.5%	+33.7%
Q2 21	+15.6%	+15.0%
Q3 21	+9.4%	+6.8%
Q1 22	+24.1%	+19.5%
Q2 22	+17.6%	+6.5%
Q3 22	+53.2%	+38.1%
Q4 22	+9.4%	+26.5%
Q1 23	+7.4%	+9.5%
Q2 23	-17.7%	-22.2%
Q1 24	-32.6%	-23.9%
Q2 24	-12.4%	-25.6%
Q4 24	-3.5%	-4.8%
Q1 25	-4.8%	+3.1%
Q2 25	+19.6%	+9.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$5M	0.8%
Q4 22	$0	0.0%
Q1 23	$8M	1.7%
Q2 23	$5M	1.1%
Q1 24	$9M	1.9%
Q2 24	$6M	1.2%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q3 22	$35M	$8M
Q1 23	$32M	$9M
Q2 23	$36M	$6M
Q1 24	$37M	$6M
Q2 24	$33M	$6M
Q4 24	$71M	$4M
Q1 25	$39M	$5M
Q2 25	$35M	$4M

Revenue Segments

Quarter	Electricity, US Regulated	Natural Gas, US Regulated	Product and Service, Other
Q1 25	$383M	$42M	$17M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$26.0K	$0	$26.0K
Q2 22	$23M	$0	$23M
Q3 22	$214M	$0	$214M
Q4 22	$3M	$0	$3M
Q1 23	$92M	$0	$92M
Q2 23	$3M	$0	$3M
Q3 23	$251M	$0	$251M
Q4 23	$22M	$0	$22M
Q1 24	$178M	$0	$178M
Q2 24	$125M	$0	$125M
Q3 24	$354M	$0	$354M
Q4 24	$185M	$0	$185M
Q1 25	$298M	$0	$298M
Q2 25	$18M	$0	$18M
Q3 25	$0	$0	$0
Q4 25	$275M	$0	$275M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	201M	+0.1%	+0.3%
Q4 20	201M	-0.0%	+2.1%
Q1 21	201M	-0.0%	+0.1%
Q2 21	201M	-0.1%	-0.1%
Q3 21	202M	+0.6%	+0.4%
Q1 22	204M	+0.9%	+1.4%
Q2 22	205M	+0.4%	+1.8%
Q3 22	205M	0.0%	+2.0%
Q4 22	205M	+0.2%	+1.5%
Q1 23	212M	+3.4%	+4.1%
Q2 23	212M	0.0%	+3.7%
Q1 24	214M	+0.8%	+4.5%
Q2 24	47M	-78.1%	-77.1%
Q4 24	432M	+820.8%	+103.4%
Q1 25	441M	+2.1%	+107.7%
Q2 25	446M	+1.1%	+108.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$36.3K	14K
Q4 20	$28.4K	13K
Q1 21	$35.8K	13K
Q2 21	$32.1K	13K
Q3 21	$40.4K	13K
Q1 22	$38.2K	12K
Q2 22	$45.6K	12K
Q3 22	$53.3K	12K
Q4 22	$49.4K	12K
Q1 23	$42.3K	12K
Q2 23	$38.7K	12K
Q1 24	$36.5K	12K
Q2 24	$42.6K	12K
Q4 24	$39.9K	12K
Q1 25	$36.0K	12K
Q2 25	$43.3K	12K

Revenue / Employee