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Entergy Corporation Announces Pricing of Common Stock Offering with a Forward Component
The utility expects to enter forward sale agreements and grant underwriters a 30-day option for up to $326.25 million more shares.
- On Tuesday, Entergy Corporation announced a $2,175,000,000 common stock offering, expecting to close the transaction on or about May 7, 2026.
- The integrated energy company operates power plants with approximately 25,000 megawatts of electric generating capacity and delivers electricity to approximately 3.1 million utility customers across Arkansas, Louisiana, Mississippi, and Texas.
- In connection with the offering, Entergy entered into forward sale agreements with Wells Fargo Bank, National Association, Citibank, N.A., Barclays Bank PLC, and The Bank of Nova Scotia, acting as "forward counterparties" for 19,247,788 shares.
- Underwriters expect a 30-day option to purchase up to an additional $326,250,000 of shares, and the company plans to use net proceeds for general corporate purposes, including debt repayment.
- Settlement of the forward sale agreements is expected on or prior to April 30, 2028, though forward-looking statements remain subject to inherent risks and uncertainties regarding completion.
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32 Articles
Hastings Tribune+24 Reposted by 24 other sources
Entergy Corporation announces pricing of common stock offering with a forward component
NEW ORLEANS, May 5, 2026 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) announced today the pricing of a registered underwritten offering of 19,247,788 shares of its common stock at a price to the public of $113.00 per share. Subject to certain…
·Nebraska, United States
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abc12/WJRT+5 Reposted by 5 other sources
Entergy Corporation announces public offering of common stock with a forward component
NEW ORLEANS, May 5, 2026 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) announced today the commencement of a registered underwritten offering of $2,175,000,000 of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by…
·Flint, United States
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