Entergy Corporation (NYSE: ETR) announced the pricing of a registered underwritten offering of 19,247,788 shares of common stock at $113.00 per share. The offering includes forward sale agreements with Wells Fargo Bank, Citibank, Barclays Bank and The Bank of Nova Scotia.

The shares are expected to be borrowed by the forward counterparties from third parties and sold to underwriters. Wells Fargo Securities, Citigroup, Barclays and Scotiabank are serving as joint book-running managers for the offering. BNP Paribas, BofA Securities, J.P. Morgan, Mizuho, Morgan Stanley and MUFG are also acting as joint book-running managers.

The offering is expected to close on or about May 7, 2026. Underwriters have been granted a 30-day option to purchase up to an additional 2,887,168 shares under the same terms.

Settlement of the forward sale agreements is expected to occur on or before April 30, 2028. Entergy may elect cash settlement or net share settlement for all or part of its obligations under the forward sale agreements, subject to certain conditions.

If Entergy chooses physical settlement of the forward sale agreements, the company expects to use net proceeds for general corporate purposes, which may include repayment of commercial paper, outstanding loans under its revolving credit facility or other debt.

The offering is being conducted under Entergy's effective shelf registration statement filed with the Securities and Exchange Commission. Entergy operates power plants with approximately 25,000 megawatts of electric generating capacity and serves approximately 3.1 million utility customers in Arkansas, Louisiana, Mississippi and Texas.