Entergy New Orleans Inc Pref (ENJ)ENJ

Entergy New Orleans Inc Pref (EOR): A Comprehensive Overview

Company Profile:

Detailed History and Background:

Entergy New Orleans Inc. Pref. (EOR) is a publicly traded company incorporated in Louisiana on January 4, 2000. Formerly known as Entergy New Orleans, Inc., the company changed its name to Entergy New Orleans, LLC in December 2019. EOR is a subsidiary of Entergy Corporation (ETR), a Fortune 500 energy company with headquarters in New Orleans, Louisiana.

EOR provides electric service to approximately 205,000 customers in the New Orleans metropolitan area, including Orleans Parish and parts of St. Bernard and Jefferson Parishes. The company's primary source of power is the Waterford 3 nuclear power plant, which is located in St. Charles Parish, Louisiana.

Core Business Areas:

• Electricity Generation: EOR's primary business is the generation and distribution of electricity to its customers.
• Energy Efficiency Programs: EOR offers a variety of energy efficiency programs to help its customers save money and energy.
• Customer Service: EOR provides a variety of customer service options, including online account management, an online outage map, and a 24/7 customer service line.

Leadership Team and Corporate Structure:

• President and CEO: Phillip May
• Executive Vice President and COO: Ed Clancy
• Chief Financial Officer: Mark Reynolds
• Board of Directors: The board of directors is composed of 11 members, including the CEO and four independent directors.

Top Products and Market Share:

Top Products and Offerings:

EOR's primary product is electricity. The company also offers a variety of energy efficiency programs, including rebates for energy-efficient appliances and home energy audits.

Market Share:

EOR has a monopoly on the distribution of electricity in the New Orleans metropolitan area. The company's market share in the state of Louisiana is approximately 2%.

Product Performance and Market Reception:

EOR's electricity is generally considered to be reliable and affordable. The company has received positive reviews from customers for its customer service and energy efficiency programs.

Total Addressable Market:

The total addressable market for EOR is the population of the New Orleans metropolitan area, which is approximately 1.2 million people.

Financial Performance:

Recent Financial Performance:

• Revenue: In 2022, EOR's revenue was $1.2 billion.
• Net Income: EOR's net income in 2022 was $140 million.
• Profit Margin: EOR's profit margin in 2022 was 11.7%.
• Earnings per Share (EPS): EOR's EPS in 2022 was $1.20.

Year-over-Year Performance:

• Revenue: EOR's revenue in 2022 was up 5% from 2021.
• Net Income: EOR's net income in 2022 was up 10% from 2021.
• Profit Margin: EOR's profit margin in 2022 was up 1 percentage point from 2021.
• EPS: EOR's EPS in 2022 was up 10 cents from 2021.

Cash Flow Statements and Balance Sheet Health:

EOR has a strong cash flow and a healthy balance sheet. The company's current ratio is 1.5, and its debt-to-equity ratio is 0.7.

Dividends and Shareholder Returns:

Dividend History:

EOR has a history of paying dividends. The company's current dividend yield is 5.5%.

Shareholder Returns:

EOR has provided strong returns to shareholders over the past 10 years. The company's total shareholder return over the past 10 years is 150%.

Growth Trajectory:

Historical Growth Analysis:

EOR has experienced modest growth over the past 5 years. The company's revenue has grown at an average rate of 2% per year over