ENTERGY CORP /DE/

Entergy Corporation and its subsidiaries, including Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy Resources, operate primarily through a single reportable segment, Utility. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, as well as operates a small natural gas distribution business in portions of Louisiana. Entergy completed its strategy to exit the merchant nuclear power business in 2022, and the financial information for this business segment is now included under Parent & Other. Entergy's business strategy focuses on providing energy solutions and services to customers, investing in infrastructure and technology, and maintaining a strong financial position. The company's website is entergy.com, and its ticker symbol is ETR. The income statement for the Utility, Parent & Other, and Entergy segments for 2023 compared to 2022 shows an increase in net income attributable to Entergy Corporation due to higher operating revenues, lower fuel, fuel-related expenses, and gas purchased for resale, and lower asset write-offs, impairments, and related charges. These increases were partially offset by higher taxes and interest expense. The Utility segment's operating revenues increased due to higher electric sales, while fuel, fuel-related expenses, and gas purchased for resale decreased due to lower natural gas prices and lower purchased power costs. Other regulatory charges also decreased due to lower rider adjustments. The increase in taxes was primarily due to higher income taxes. Interest expense increased due to higher debt levels and higher interest rates. The decrease in asset write-offs, impairments, and related charges was due to lower impairments of long-lived assets. Other income increased due to higher gains on sales of assets. Parent & Other's operating revenues decreased due to lower sales of electricity and capacity from the non-utility business, and higher asset write-offs, impairments, and related charges. Entergy's operating revenues increased due to higher sales of electricity and capacity from the non-utility business. The financial information presented above has been restated for 2022 and 2021 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.