Entergy 2015 Annual Report Download - page 51

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51
Clear vision, clear progress.
2015 Integrated Report
Financial Highlights
Financial Highlights
Summary of 2015 Financial Performance
In 2015, we delivered earnings and dividend growth. Our operational earnings
were $6.00 per share, compared with $5.83 per share in 2014 — an increase of
nearly 3 percent. Our utility business delivered strong results in 2015, driven
primarily by productive investments, favorable weather and tax benefits. However,
our EWC business was challenged by persistent low wholesale power prices,
particularly in the Northeast. More information on the strategy and operational
performance of our businesses can be found in the Utility, EWC and Workplace
sections of this report. In 2015, our board of directors approved a 2.4 percent
increase in our dividend, the first increase in more than five years. Our objective
is a steady, predictable trajectory in our dividend payout going forward.
While we made significant progress in 2015, it did not translate into top-quartile
returns for our shareholders. Our 2015 total shareholder return was -18.2 percent,
which ranked in the fourth quartile of our peer group. Positive reaction to
successes and other actions toward the end of 2015 validates the momentum we
see moving into 2016. Positive credit rating actions in 2015 also acknowledge the
strong financial footing of the company. Moody’s assigned the combined Entergy Louisiana a rating of
A2 for its senior secured first mortgage bonds and upgraded its ratings for Entergy New Orleans. At the
same time, Moody’s affirmed its rating for Entergy Corporation and raised the outlook to positive. We are
committed to generating strong financial returns for our owners, as it affords us ongoing access to capital
needed to provide reliable power at reasonable costs for our customers, to compensate our employees
and to invest in our communities.
-18.2%
-6.3%
1.4%
2015 Total
Shareholder Return
Source: Bloomberg
ETR
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