Entergy dips after launching stock offering

Entergy

05/05/2026 23:30

** Energy company Entergy's ETR.N shares fall 2.4% to $114.55 in extended trading

** Kicks off public offering of shares worth $2.18 billion with forward sale component

** Wells Fargo Securities, Citigroup, Barclays and Scotiabank acting as joint book-running managers for offering

** Upon agreement's settlement, expected by April 2028, ETR plans to use proceeds for general purposes, including repaying debt

** ETR has 457.8 million outstanding shares, according to LSEG data

** As of last close, ETR up 27% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))