ENTERGY ARKANSAS, LLCEAI
ENTERGY ARKANSAS, LLC Segments Disclosure
BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)
Entergy has a single reportable segment, Utility, which includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and included operation of a small natural gas distribution business in portions of Louisiana through June 30, 2025. See Note 14 to the financial statements for discussion of the sale of the Entergy Louisiana and Entergy New Orleans natural gas distribution businesses on July 1, 2025. Revenue for the Utility segment is primarily derived from retail electric sales. The accounting policies of the Utility segment are the same as those described in Note 1 to the financial statements. The Utility segment reflects management’s primary basis of organization with a predominant focus on its utility operations in the Gulf South. Entergy’s chief operating decision maker is its chief executive officer. The chief operating decision maker uses Utility net income in the annual planning process and to monitor budget versus actual results on a monthly basis in assessing financial performance and in determining how to allocate resources. Parent & Other includes the parent company, Entergy Corporation, and other business activity, including Entergy’s non-utility operations business, which is an operating segment that does not meet the quantitative thresholds for determining reportable segments. Entergy’s non-utility operations business owns interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers and also provides decommissioning services to nuclear power plants owned by non-affiliated entities.
The following table includes operating revenues and significant expense categories regularly provided to the chief operating decision maker for the Utility segment, a reconciliation of Utility operating revenues to Entergy’s consolidated operating revenues, and a reconciliation of Utility net income to consolidated net income and net income attributable to Entergy Corporation for each of the years presented:
2025 | 2024 | 2023 | ||||||||||||||||||
| (In Thousands) | ||||||||||||||||||||
| Utility operating revenues | $12,887,921 | $11,805,802 | $12,022,944 | |||||||||||||||||
| Reconciliation of revenues: | ||||||||||||||||||||
| Other revenues (a) | 58,855 | 73,914 | 124,509 | |||||||||||||||||
| Elimination of intersegment revenues | (90) | (63) | (41) | |||||||||||||||||
| Consolidated operating revenues | 12,946,686 | 11,879,653 | 12,147,412 | |||||||||||||||||
| Less Utility expenses and other items: | ||||||||||||||||||||
| Fuel, fuel-related expenses, and gas purchased for resale | 2,338,347 | 2,214,471 | 2,755,793 | |||||||||||||||||
| Purchased power | 1,227,715 | 806,646 | 904,184 | |||||||||||||||||
| Other operation and maintenance expenses | 3,013,000 | 2,851,165 | 2,838,057 | |||||||||||||||||
| Other regulatory charges (credits) - net | (161,546) | (6,133) | (138,469) | |||||||||||||||||
| Other Utility items (b) | 4,177,829 | 4,109,352 | 3,152,475 | |||||||||||||||||
| Utility net income | 2,292,576 | 1,830,301 | 2,510,904 | |||||||||||||||||
| Reconciliation of net income: | ||||||||||||||||||||
| Non-cash pension settlement charge (c) | — | (319,675) | — | |||||||||||||||||
| IRS audit resolution (d) | — | — | 275,403 | |||||||||||||||||
| Income taxes on reconciling items noted above | — | 66,515 | — | |||||||||||||||||
| Other loss | (223,877) | (203,097) | (125,018) | |||||||||||||||||
| Elimination of intersegment loss | (295,371) | (312,860) | (298,979) | |||||||||||||||||
| Consolidated net income | 1,773,328 | 1,061,184 | 2,362,310 | |||||||||||||||||
| Preferred dividend requirements of subsidiaries and noncontrolling interests (e) | 15,056 | 5,594 | 5,774 | |||||||||||||||||
| Net income attributable to Entergy Corporation | $1,758,272 | $1,055,590 | $2,356,536 | |||||||||||||||||
(a)See Note 19 to the financial statements for discussion of other revenues.
(b)Other Utility items includes nuclear refueling outage expenses, asset write-offs, decommissioning expenses, taxes other than income taxes, depreciation and amortization expenses, other income, interest expense, and income tax expense.
(c)See Note 11 to the financial statements for discussion of the one-time non-cash pension settlement charge of $328 million, of which $8 million was recorded at Utility and $320 million was recorded at Parent & Other, resulting from a group annuity contract purchased in 2024 to settle certain pension liabilities.
(d)See Note 3 to the financial statements for discussion of the resolution of the 2016-2018 IRS audit, which included a $568 million reduction, recorded at Utility, and a $275 million reduction, recorded at Parent & Other, in income tax expense in 2023.
(e)Preferred dividend requirements of subsidiaries and noncontrolling interests is substantially derived from the Utility segment. See Note 6 to the financial statements for discussion of preferred stock and noncontrolling interests.
The following tables present segment financial information for Entergy’s single reportable segment, Utility, and a reconciliation to the corresponding consolidated amounts for Entergy Corporation.
2025 | Utility | Parent & Other | Eliminations | Consolidated | ||||||||||||||||||||||
| (In Thousands) | ||||||||||||||||||||||||||
| Asset write-offs, impairments, and related charges (credits) | $12,795 | $— | $— | $12,795 | ||||||||||||||||||||||
| Depreciation, amortization, and decommissioning | $2,298,610 | $6,958 | $— | $2,305,568 | ||||||||||||||||||||||
| Interest and investment income | $605,003 | $8,733 | ($296,388) | $317,348 | ||||||||||||||||||||||
| Interest expense | $1,085,717 | $251,951 | ($1,017) | $1,336,651 | ||||||||||||||||||||||
| Income taxes | $551,272 | ($53,320) | $— | $497,952 | ||||||||||||||||||||||
| Total assets | $75,726,104 | $773,056 | ($4,608,430) | $71,890,730 | ||||||||||||||||||||||
| Total expenditures for additions to long-lived assets | $8,211,445 | $2,242 | $— | $8,213,687 | ||||||||||||||||||||||
2024 | Utility | Parent & Other | Eliminations | Consolidated | ||||||||||||||||||||||
| (In Thousands) | ||||||||||||||||||||||||||
| Asset write-offs, impairments, and related charges (credits) | $131,775 | ($24,641) | $— | $107,134 | ||||||||||||||||||||||
| Depreciation, amortization, and decommissioning | $2,226,681 | $6,567 | $— | $2,233,248 | ||||||||||||||||||||||
| Interest and investment income | $592,257 | $21,621 | ($315,013) | $298,865 | ||||||||||||||||||||||
| Interest expense | $899,655 | $253,317 | ($2,152) | $1,150,820 | ||||||||||||||||||||||
| Income taxes | $515,665 | ($134,638) | $— | $381,027 | ||||||||||||||||||||||
| Total assets | $68,951,564 | $721,459 | ($4,882,991) | $64,790,032 | ||||||||||||||||||||||
| Total expenditures for additions to long-lived assets | $5,967,739 | $1,971 | $— | $5,969,710 | ||||||||||||||||||||||
2023 | Utility | Parent & Other | Eliminations | Consolidated | ||||||||||||||||||||||
| (In Thousands) | ||||||||||||||||||||||||||
| Asset write-offs, impairments, and related charges (credits) | $79,962 | ($37,283) | $— | $42,679 | ||||||||||||||||||||||
| Depreciation, amortization, and decommissioning | $2,045,254 | $6,423 | $— | $2,051,677 | ||||||||||||||||||||||
| Interest and investment income (loss) | $443,751 | $18,660 | ($299,685) | $162,726 | ||||||||||||||||||||||
| Interest expense | $816,643 | $190,468 | ($705) | $1,006,406 | ||||||||||||||||||||||
| Income taxes | ($374,847) | ($315,688) | $— | ($690,535) | ||||||||||||||||||||||
| Total assets | $63,887,038 | $836,598 | ($5,020,240) | $59,703,396 | ||||||||||||||||||||||
| Total expenditures for additions to long-lived assets | $4,745,918 | $801 | $— | $4,746,719 | ||||||||||||||||||||||
Eliminations are primarily intersegment activity. All of Entergy’s goodwill is related to the Utility segment.
Registrant Subsidiaries
Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each has one operating and reportable segment, an integrated utility business which includes the generation, transmission, and distribution of electric power; and included operation of a small natural gas distribution business at each of Entergy Louisiana and Entergy New Orleans through June 30, 2025. See Note 14 to the financial statements for discussion of the sale of the Entergy New Orleans and Entergy Louisiana natural gas distribution businesses on July
1, 2025. Revenue for each integrated utility business is primarily derived from retail electric sales. System Energy has one operating and reportable segment, which is an electricity generation business. System Energy’s only source of revenue is the sale of electric power and capacity generated from its 90% interest in the Grand Gulf nuclear plant to Entergy Arkansas, Entergy Mississippi, and Entergy New Orleans pursuant to the Unit Power Sales Agreement. Each of the Registrant Subsidiaries’ operations are managed on an integrated basis by that company because of the substantial effect of cost-based rates and regulatory oversight on the business process, cost structures, and operating results. The chief operating decision maker for the Registrant Subsidiaries is the respective president and chief executive officer for the Utility operating companies and the president for System Energy. Each chief operating decision maker assesses financial performance on an entity-wide basis and decides how to allocate resources based on net income that also is reported on the income statement for each of the Registrant Subsidiaries as net income. Net income is used in the annual planning process and to monitor budget versus actual results on a monthly basis and each Registrant Subsidiary’s earned return on common equity in assessing financial performance. Each chief operating decision maker is only provided with the consolidated financial results for the respective Registrant Subsidiary. All segment financial information for the Registrant Subsidiaries is as reported on the respective financial statements for each of the Registrant Subsidiaries.
Geographic Areas
Entergy and the Registrant Subsidiaries derive substantially all revenue from inside of the United States and all long-lived assets are located within the United States.
Major Customers
Neither Entergy nor the Registrant Subsidiaries have an individual customer representing more than 10% of its respective revenues for the years ended December 31, 2025, 2024, and 2023.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 18, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 21, 2020 | |
| 2018 | Feb 26, 2019 | |
| 2017 | Feb 26, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 26, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.