Entergy experienced a transformational year in 2024 and there’s additional growth potential for our company and region in the year ahead, Chair and Chief Executive Officer Drew Marsh told shareholders during Entergy’s 76th annual meeting today.
“Fundamentally, we believe all our stakeholders have a bright future ahead, and Entergy is championing a better future through fostering growth within our service area and investment in cleaner, more reliable and more resilient energy,” said Marsh.
Entergy is focused on initiatives to improve outcomes and deliver value for all our stakeholders, including capturing customer growth, resolving key regulatory priorities, creating opportunities for employees, making the energy grid more resilient, continuing to enhance our restoration response for our communities, furthering progress on renewable energy, and building generation resources to meet customer-driven needs.
Marsh highlighted several business achievements in 2024:
“We continued to see strong industrial customer growth, fueled by the competitive advantages of our region. Last year, both Entergy Mississippi and Entergy Louisiana signed electric service agreements with hyperscale data center customers. These new customers bring significant value to our stakeholders, including good jobs, infrastructure improvements and tax revenues for our communities.”
“Driven by customer interest, we continued to make progress in advancing renewable energy and other clean technology solutions. We brought more than 700 megawatts of solar resources online last year.”
“Our commitment to corporate social responsibility had a positive impact in 2024, resulting in an economic impact of over $153 million for our customers and communities. Our dedicated employees played a pivotal role in our economic impact, contributing more than 122,000 hours of volunteer service valued at more than $4 million across our service area.”
Serving as a founding partner of the New Orleans Super Bowl LIX Host Committee, Entergy strengthened our stakeholder engagements leading up to the big game. “In partnership with the Host Committee, the New Orleans Saints, the NFL Foundation and other philanthropic organizations, we created the charitable legacy program, Impact 59 Powered by Entergy. Through Impact 59, we awarded more than $3.5 million in impactful grants to local nonprofit organizations. This program is making a positive impact in the Greater New Orleans community and has left a legacy of philanthropy that will endure long after the Super Bowl ends.”
“Finally, we effectuated a 2-for-1 stock split and again delivered strong adjusted earnings per share growth last year, in the top half of our guidance range. We also grew our quarterly dividend per share by approximately 6% and, importantly, we continued to make positive progress on our credit metrics in 2024, which provides financial flexibility as well as long-term customer benefits through lower cost of capital.”
Explore Entergy’s 2024 Performance Report to learn about our latest progress and the growth opportunities ahead.
Other business
Additional business conducted during today’s meeting:
Entergy shareholders elected all 10 director nominees to the company’s board of directors.
Two management proposals related to the appointment of the company’s independent public accountants and executive compensation were voted on and approved by shareholders.
Marsh responded to several shareholder questions on a range of topics, including the growth potential for data centers and new industrial customers for the Entergy region, our progress on hardening the energy grid for severe weather events, potential tariff impacts on our operations, and how the company is integrating artificial intelligence into its operations.
A replay of Entergy’s annual shareholders meeting and responses to questions asked during the meeting will be published on our Investor Relations website next week.
