Entergy Settles 2025 Forward Sale Agreements for $913M in Cash Proceeds

Summary of Event

On September 2, 2026, Entergy Corporation (NYSE: ETR) filed a Current Report on Form 8-K under Item 8.01 (Other Events) announcing the completion of the physical settlement of its outstanding obligations under its March 17, 2025 Underwritten Forward Sale Agreements.

Key Transaction Highlights

• Settlement Date: September 2, 2026
• Shares Delivered: 11,145,984 shares of common stock ($0.01 par value)
• Total Cash Proceeds: Approximately $913 million (effective price of ~$81.91 per share)
• Remaining 2025 Obligations: None. The company has fully resolved all obligations under the 2025 forward sale contracts.

Additional Forward Sale Commitments

Entergy noted that it maintains outstanding forward sale agreements entered into on May 5, 2026, associated with a $2.175 billion registered underwritten offering covering an aggregate of 19,247,788 shares of common stock.

Financial and Market Significance

1. Capital Structure & Liquidity: The receipt of ~$913 million in cash strengthens Entergy's balance sheet, supporting ongoing utility capital expenditure programs and debt management.
2. Dilution Realization: The issuance of 11.15 million common shares formalizes the dilution previously factored into diluted EPS calculations under the treasury stock / forward contract accounting methods.