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Entergy ETR Utility — Letters Of Credit

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Other financials

Income statement

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Revenue$3.2B+12.0%
Operating income$572.2M-18.3%
Net income$390.8M+7.8%
EPS (diluted)$0.83+1.2%

Balance sheet

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Cash & equivalents$68.1M-1.5%
Total debt$32.5B+9.9%
Total equity$17.3B+14.2%
Total assets$75.8B+13.8%

Cash flow

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Operating cash flow$829.0M+54.6%
CapEx$2.3B+35.7%
Free cash flow-$1.4B-26.6%

Valuation

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Market cap$49.86B+23.7%
Enterprise value$82.33B+19.8%
P/E33×+22.9×
P/S4.1×+2.8×

Profitability

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Operating margin27.1%+8.4pp
Net margin14.4%-0.4pp
FCF margin-20.9%+3,135pp

Returns & leverage

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Return on equity11.5%-1.4pp
Debt / equity1.9×-0.1×
Current ratio+0.1×

Where this comes from

Reported directly by Entergy in its filing.

Tagged under the XBRL concept etr:LettersOfCredit.

The source filing: Entergy’s 10-Q, filed November 2, 2023.

Filed
Nov 1, 2023, 8:00 PM EDT
Fiscal quarter
Q3 FY2023
Calendar quarter
Q3 2023
Accession
0000065984-23-000094

(d)Excludes cash collateral in the amount of $8 million posted as of December 31, 2022. Also excludes letters of credit in the amount of $4 million posted as of September 30, 2023 and $3 million posted as of December 31, 2022.

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FAQ

What is Entergy's utility — letters of credit?
Entergy (ETR) reported utility — letters of credit of $4M in Q3 2023.
How has Entergy's utility — letters of credit changed year-over-year?
Entergy's utility — letters of credit increased by 33.3% year-over-year, from $3M to $4M.
What does utility — letters of credit mean?
This metric represents the total value of standby letters of credit issued on behalf of the utility segment to support operational and financial obligations. These instruments serve as a guarantee of payment to third parties, such as fuel suppliers or regulatory bodies, ensuring the utility meets its contractual commitments. It is a critical indicator of the segment's liquidity and its ability to secure necessary operational inputs through credit-backed arrangements.

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