Entergy Corp. reported second-quarter 2017 operational earnings of $561.2 million, or $3.11 per share, compared to $557.7 million, or $3.11 per share, in the same period in 2016. The S&P Capital IQ consensus normalized EPS estimate for Entergy in the most recent quarter was $1.19.
The company said its second-quarter results for 2016 and 2017 were both favorably impacted by income tax items.
Entergy's utility segment contributed $243.5 million, or $1.35 per share, on an operational basis, compared to $375.6 million, or $2.09 per share in the comparable quarter of 2016. Meanwhile, Entergy Wholesale Commodities earned $374.6 million, or $2.08 per share, on an operational basis, up from $240.7 million, or $1.34 per share, in the second quarter of 2016.
On an as-reported basis, Entergy booked earnings of $409.9 million, or $2.27 per share, compared with $567.3 million, or $3.16 per share, in the 2016 second quarter.
"We had another productive quarter executing our strategy to deliver steady, predictable earnings growth at our core utility business, which supports our long-term dividend growth aspiration," said Entergy Chairman and CEO Leo Denault.
The company announced an updated 2017 operational earnings guidance range of $6.80 per share to $7.40 per share, reflecting a $2.05 per share increase for a tax item recorded in the second quarter of 2017.