Entergy Mississippi, Inc. 1M BD 66

What they do

Entergy Mississippi is an electric services utility whose financial results are consolidated into Entergy Corporation's Utility business segment. The excerpts identify Entergy Mississippi among Entergy's operating companies alongside Entergy Arkansas, Entergy Louisiana, Entergy New Orleans, and Entergy Texas, and tag Entergy Mississippi mortgage bonds (5.0 Series due December 2052) listed on the NYSE. Its revenue is reported in the regulated electricity component, with smaller regulated natural gas and other product/service categories also presented at the consolidated Entergy level.

Revenue drivers

• Regulated electricity sales — The excerpts report regulated electricity revenue for Entergy and its operating companies, including Entergy Mississippi, for 2023, 2024, and 2025, but do not break out an Entergy Mississippi-only revenue figure.
• Regulated natural gas sales — Regulated natural gas revenue is reported as a separate consolidated category for 2023-2025; the excerpts do not attribute any portion of it to Entergy Mississippi.
• Formula rate plan and rider recovery — As an Entergy operating company, Entergy Mississippi's cost recovery runs through rate proceedings, formula rate plans, and fuel and purchased power recovery mechanisms, which are cited as earnings drivers and risk factors.

Recent performance

Entergy Corporation, the parent, reported second quarter 2026 earnings of $483 million, or $1.03 per share, on an as-reported and adjusted basis, versus $468 million, or $1.05 per share, in second quarter 2025. Utility business earnings attributable to Entergy Corporation were $626 million, or $1.34 per share, in second quarter 2026, compared to $599 million, or $1.34 per share, a year earlier. Parent drivers included the net effect of regulatory actions across several operating companies, return on construction work in progress, and higher retail sales volume, partly offset by higher interest expense, O&M, and depreciation and amortization. The 8-K excerpts do not separately report Entergy Mississippi's quarterly earnings.

Strategy

Entergy's disclosed priorities center on customer growth, regulatory execution, and grid and generation investment. Recent items include formula rate plan filings and extensions by Entergy Louisiana and Entergy New Orleans and formula rate and rider approvals involving Entergy Arkansas and Entergy Texas. Entergy Corporation completed a $2.175 billion common stock offering with a forward component, and Entergy Texas received an approximately $200 million Texas Energy Fund grant for electric reliability. The excerpts reference planning decisions on new generation and transmission projects designed to serve increased load growth from large-scale data centers and other large customers.

Risks

• Rate case and cost recovery outcomes — Resolution of pending and future rate cases, formula rate proceedings, and recovery of fuel and purchased power costs could delay or reduce Entergy Mississippi's cost recovery.
• MISO participation and transmission costs — MISO market rules, market design, allocation of MISO system transmission upgrade costs, and interconnection queue delays are cited as risks to the utility operating companies.
• Regulatory changes and stranded costs — Changes in utility regulation, including special rules for serving large-scale data centers, could affect recovery of net utility assets and capital tied to unrealized customer growth expectations.
• Nuclear regulation and oversight — Changes in regulation or oversight of Entergy's nuclear generating facilities, nuclear materials and fuel, and new safety or environmental concerns are cited as risks, and Entergy Mississippi is tagged as holding nuclear plant balances.

Outlook

Entergy management said the parent company is affirmatively on track to achieve its 2026 objectives and beyond and affirmed its guidance and outlooks. No separate outlook or guidance specific to Entergy Mississippi appears in the provided excerpts.