Company: EAI
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000065984-25-000132
Chunk: 152

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 4
Chunk 152
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 30, 202512,632 4,636,633 4,649,265 Net income (loss)(752)192,492 191,740 Distributions to noncontrolling interest(460)— (460)Balance at September 30, 2025$11,420 $4,829,125 $4,840,545 See Notes to Financial Statements.

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ENTERGY LOUISIANA, LLC AND SUBSIDIARIES

MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS

Results of Operations

Net Income

Third Quarter 2025 Compared to Third Quarter 2024

Net income decreased $6.9 million primarily due to lower retail electric price, higher other operation and maintenance expenses, higher depreciation and amortization expenses, and higher interest expense.  The decrease was partially offset by higher other income.

Nine Months Ended September 30, 2025 Compared to Nine Months Ended September 30, 2024

Net income increased $233.6 million primarily due to expenses of $151.5 million ($110.7 million net-of-tax), recorded in second quarter 2024, primarily consisting of regulatory charges to reflect the effects of an agreement in principle between Entergy Louisiana and the LPSC staff and the intervenors in July 2024 to renew Entergy Louisiana’s formula rate plan and resolve a number of other retail dockets and matters, including all formula rate plan test years prior to 2023.  Also contributing to the increase was higher other income and higher volume/weather.  The increase was partially offset by higher interest expense, higher depreciation and amortization expenses, and higher other operation and maintenance expenses.  See Note 2 to the financial statements in the Form 10-K for discussion of the agreement in principle and the subsequently filed global stipulated settlement agreement.

Operating Revenues

Third Quarter 2025 Compared to Third Quarter 2024

Following is an analysis of the change in operating revenues comparing the third quarter 2025 to the third quarter 2024:

Amount(In Millions)2024 operating revenues$1,478.1 Fuel, rider, and other revenues that do not significantly affect net income198.9 Volume/weather6.5 Effect of sale of natural gas distribution business(13.3)Retail electric price(37.0)2025 operating revenues$1,633.2 

Entergy Louisiana’s results include revenues from rate mechanisms designed to recover fuel, purchased power, and other costs