Company: EAI
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000065984-25-000132
Chunk: 385

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 385
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 Total non-current liabilities held for sale (c)$41,006 $11,914 $30,838 (a)    Goodwill was allocated to the natural gas distribution business based on its relative fair value compared to the retained portion of the reporting unit.(b)    Included within other current liabilities on the respective consolidated balance sheets.(c)    Included within other non-current liabilities on the respective consolidated balance sheets.Entergy Louisiana and Entergy New Orleans continued to recognize depreciation on the natural gas distribution businesses assets through June 30, 2025 since they received revenues through utility customer rates through the closing of the transaction, and because the final purchase price for the natural gas distribution businesses was adjusted by an amount equal to that depreciation, among other adjustments.

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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

The pre-tax income for the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses, excluding interest and corporate allocations, included in Entergy’s, Entergy Louisiana’s, and Entergy New Orleans’s consolidated income statements for the three and nine months ended September 30, 2025 and 2024 is as follows:Three Months EndedNine Months Ended2025202420252024(In Thousands)(In Thousands)Entergy$— $7,344 $31,500 $34,803 Entergy Louisiana$— $3,110 $12,047 $15,968 Entergy New Orleans$— $4,234 $19,453 $18,835 On July 1, 2025, Entergy Louisiana and Entergy New Orleans completed the sale of their natural gas distribution businesses.  The base purchase price paid by the buyer of the Entergy Louisiana natural gas distribution business upon closing was $203 million, and the base purchase price paid by the buyer of the Entergy New Orleans natural gas distribution business upon closing was $288 million.  In third quarter 2025, Entergy Louisiana, Entergy New Orleans, and Entergy recognized gains of $17 million ($13 million net-of-tax), $7 million ($5 million net-of-tax), and $17 million ($11 million net-of-tax), respectively, in connection with the completion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses.  The gains recognized by Entergy Louisiana, Entergy New Orleans, and Entergy were net of $15 million, $18 million