ETR - Entergy posts easy Q2 earnings beat affirms full-year guidance

Entergy ( NYSE: ETR ) +4.1% pre-market after comfortably beating Q2 adjusted earnings expectations, driven by customer growth and hot temperatures across the utility's coverage area.

Q2 net income swung to a profit of $160M, or $0.78/share, from a loss of $6M, or a loss of $0.03/share, in the year-earlier quarter.

Q2 earnings in Entergy's ( ETR ) utility business fell to $153M from $326M in the year-ago quarter, although the recent quarter's results included a $551M pretax regulatory charge.

Entergy's ( ETR ) Wholesale Commodities segment swung to an $87M profit from a $275M loss in the prior-year quarter; the recent quarter included a $166M gain on the sale of assets while the prior-year quarter included a $340M loss on the sale of other assets.

The company affirmed its full-year adjusted EPS guidance of $6.15-$6.45, in line with $6.35 analyst consensus estimate, and it expects results will be in the top half of the range.

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