Consolidated capital spending rose 22% to $2.6 billion, with 86% dedicated to safety and reliability improvements.
Fiscal year-to-date net income reached $1 billion or $6.40 per diluted share, up from $6.00 per diluted share in the prior year period.
Liquidity remains strong at approximately $5.5 billion, including $1.7 billion from forward sale agreements.
Operating income increased by $322 million due to regulatory outcomes, with additional $22 million from residential customer growth and industrial load increases.
Weighted-average cost of debt stands at 4.17% with a weighted-average maturity of approximately 17 years.
Credit ratings and outlooks remain strong, with liquidity including $2.3 billion of unsettled equity forwards available if needed.
Entergy reported second quarter adjusted earnings per share (EPS) of $1.05, keeping the company on track with its 2025 guidance.
Nuclear tax credits of approximately $570 million were recorded as an uncertain tax position, expected to be monetized later in the year.
Primary earnings drivers included investments for customers, higher retail sales volume, and increased other income, partially offset by higher other O&M and MISO capacity costs at Entergy Texas.
The company settled approximately $800 million of equity forwards in the quarter, using proceeds to invest in customer projects.
Weather-adjusted retail sales growth was strong at 4.5%, with industrial sales contributing nearly 12% growth primarily from new and expanding customers.
Adjusted EBITDA for Q2 2025 was $17.5 million, slightly down from $18.9 million in Q2 2024, but improved when excluding noncomparable income from 2024.
Clean Energy Fuels reported $102 million in revenue for Q2 2025, with over 61 million gallons of renewable natural gas (RNG) sold.
GAAP net loss for Q2 2025 was $20.2 million compared to $16.3 million in Q2 2024, impacted by the expiration of a $6 million alternative fuel tax credit.
Operating cash and investments increased to $241 million at the end of June 2025, up from $217 million at the start of the year.
RNG volumes increased 21% compared to Q1 2025, recovering from production challenges due to cold weather earlier in the year.
Dafinchi