U.S. power company Entergy reports Q1 earnings of 255 mln USD

Source: Xinhua| 2019-05-02 03:18:08|Editor: Mu Xuequan
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HOUSTON, May 1 (Xinhua) -- U.S. Entergy Corporation Wednesday reported its first quarter (Q1) 2019 earnings of 255 million U.S. dollars on an as-reported basis, and earnings of 158 million dollars on an adjusted basis.

This compared to first quarter 2018 earnings of 133 million dollars on an as-reported basis, and earnings of 151 million dollars on an adjusted basis.

For the first quarter 2019, the utility business reported earnings attributable to Entergy of 231 million dollars on both an as-reported and adjusted basis. This compared to first quarter 2018 earnings of 215 million dollars on both an as-reported and adjusted basis. The current period results reflected higher net revenue.

"We had a productive start to 2019. While weather was a headwind, we remain firmly on track to achieve our full-year financial guidance, as well as our longer-term outlooks," said Entergy Chairman and Chief Executive Officer Leo Denault.

Entergy Corporation, headquartered in New Orleans, Louisiana, is a Fortune 500 integrated energy company engaged primarily in electric power production and retail distribution operations in the Deep South of the United States.

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