Company: EAI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000065984-25-000046
Chunk: 186

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 7
Chunk 186
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 aggregate gross sales price of $4.5 billion.  As of March 31, 2025, an aggregate gross sales price of approximately $2.8 billion has been sold under the at the market equity distribution program.During the three months ended March 31, 2025 and 2024, there were no shares of common stock issued under the at the market equity distribution program.The following forward sale agreements were entered into by Entergy Corporation under its at the market equity distribution program during the three months ended March 31, 2025:Effective DateShares of Common Stock per Forward Sale AgreementMaturity DateForward Sale Price per ShareGross Sales PriceForward Sellers Fees(Dollars In Thousands, Except Per Share Data)March 20252,713,790 August 2026$84.77 $232,216 $2,322 Equity Forward Sale AgreementsIn March 2025, Entergy marketed an equity offering of 17.8 million shares of Entergy Corporation common stock.  In lieu of issuing equity at the time of the offering, Entergy entered into forward sale agreements with several forward counterparties.  No amounts have been or will be recorded on Entergy’s balance sheet with respect to the equity offering until settlements of the forward sale agreements occur.  The forward sale agreements require Entergy to, at its election on or prior to September 30, 2026, either (1) physically settle the transactions by issuing the total of 17.8 million shares of its common stock to the forward counterparties in exchange for net proceeds at the then-applicable forward sale price specified by the agreements (initially $81.87 per share) or (2) net settle the transactions in whole or in part through the delivery or receipt of cash or shares.  The forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor and will decrease by other fixed amounts specified in the agreements. Until settlement of the forward sale agreements, earnings per share dilution resulting from the agreements, if any, will be determined under the treasury stock method.  Share dilution occurs when the average market price of Entergy’s common stock is higher than the average forward sales price.  If Entergy had elected to net share settle the forward sale agreements as of March 31, 2025, Entergy would have been required to deliver 0.7 million shares.Treasury StockDuring the three months ended March 31,