QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2018 and 2017 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2018:
First Quarter		$2,723,881		$335,664			$136,200			$132,761
Second Quarter		$2,668,770		$91,597			$248,860			$245,421
Third Quarter		$3,104,319		$271,035			$539,818			$536,379
Fourth Quarter		$2,512,482		($228,931	)		($62,323	)		($65,900	)
2017:
First Quarter		$2,588,458		$195,493			$86,051			$82,605
Second Quarter		$2,618,550		$168,839			$413,368			$409,922
Third Quarter		$3,243,628		$759,003			$401,644			$398,198
Fourth Quarter		$2,623,845		$237,072			($475,710	)		($479,113	)

Earnings (loss) per average common share



	2018						2017
	Basic			Diluted			Basic			Diluted
First Quarter		$0.73			$0.73			$0.46			$0.46
Second Quarter		$1.36			$1.34			$2.28			$2.27
Third Quarter		$2.96			$2.92			$2.22			$2.21
Fourth Quarter		($0.37	)		($0.36	)		($2.67	)		($2.66	)

Results of operations for 2018 include: 1) $532 million ($421 million net-of-tax) of impairment charges due to costs being charged directly to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a $170 million reduction of income tax expense and a regulatory liability of $40 million ($30 million net-of-tax) as a result of customer credits recognized by Utility, as a result of internal restructuring; 3) a $107 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a restructuring of the investment holdings in one of its nuclear plant decommissioning trust funds; 4) a $52 million income tax benefit, recognized by Entergy Louisiana, as a result of the settlement of the 2012-2013 IRS audit, associated with the Hurricane Katrina and Hurricane Rita contingent sharing obligation associated with the Louisiana Act 55 financing; and 5) a $23 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a state income tax audit. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Notes 2 and 3 to the financial statements for further discussion of the internal restructuring and customer credits. See Note 3 to the financial statements for further discussion of the IRS audit settlement, the state income tax audit, and restructuring of the decommissioning trust fund investment holdings.

Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in net income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in net income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2018 and 2017 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$551,024		$1,029,344		$315,743		$188,275		$348,940		$148,443
Second Quarter		$494,605		$1,072,788		$353,689		$178,446		$403,486		$112,456
Third Quarter		$568,399		$1,206,612		$367,734		$200,182		$477,231		$78,965
Fourth Quarter		$446,615		$987,576		$297,946		$150,487		$376,245		$116,843
2017:
First Quarter		$474,351		$880,783		$258,443		$168,989		$363,927		$154,787
Second Quarter		$496,662		$1,083,434		$291,212		$176,222		$378,488		$164,956
Third Quarter		$673,226		$1,290,494		$349,197		$199,017		$432,909		$156,106
Fourth Quarter		$495,680		$1,045,839		$299,377		$171,842		$369,569		$157,609

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi			Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$66,647			$141,319		$41,432			$17,869		$41,082		$30,941
Second Quarter		$26,501			$150,160		($63,801	)		$27,943		$58,637		$23,406
Third Quarter		$34,785			$236,518		$45,215			$21,544		$99,966		($17,879	)
Fourth Quarter		($82,704	)		$147,774		$23,600			$6,836		$6,741		$7,212
2017:
First Quarter		$42,696			$158,766		$40,159			$21,983		$38,620		$42,482
Second Quarter		$72,625			$200,018		$55,795			$27,823		$47,802		$43,035
Third Quarter		$173,270			$298,674		$84,813			$33,771		$78,993		$38,980
Fourth Quarter		$18,180			$217,179		$43,049			$12,832		$34,143		$42,486

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$36,255			$111,593			$22,843		$10,882		$17,350		$22,308
Second Quarter		$82,556			$184,358			$38,242		$18,269		$30,789		$23,387
Third Quarter		$128,890			$218,308			$50,733		$21,407		$65,846		$22,972
Fourth Quarter		$5,006			$161,355			$14,260		$2,594		$48,250		$25,442
2017:
First Quarter		$14,304			$94,378			$17,158		$10,978		$10,854		$20,347
Second Quarter		$38,550			$124,479			$28,303		$14,882		$21,101		$19,350
Third Quarter		$92,638			$186,284			$46,545		$18,529		$39,588		$20,583
Fourth Quarter		($5,648	)		($88,794	)		$18,026		$164		$4,630		$18,316

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2018:
First Quarter		$35,898			$22,605		$10,882
Second Quarter		$82,199			$38,003		$18,269
Third Quarter		$128,533			$50,495		$21,407
Fourth Quarter		$4,828			$14,141		$2,594
2017:
First Quarter		$13,947			$16,920		$10,737
Second Quarter		$38,193			$28,064		$14,641
Third Quarter		$92,281			$46,307		$18,288
Fourth Quarter		($6,005	)		$17,788		$46

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2018 and 2017 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2018:
First Quarter		$2,723,881		$335,664			$136,200			$132,761
Second Quarter		$2,668,770		$91,597			$248,860			$245,421
Third Quarter		$3,104,319		$271,035			$539,818			$536,379
Fourth Quarter		$2,512,482		($228,931	)		($62,323	)		($65,900	)
2017:
First Quarter		$2,588,458		$195,493			$86,051			$82,605
Second Quarter		$2,618,550		$168,839			$413,368			$409,922
Third Quarter		$3,243,628		$759,003			$401,644			$398,198
Fourth Quarter		$2,623,845		$237,072			($475,710	)		($479,113	)

Earnings (loss) per average common share



	2018						2017
	Basic			Diluted			Basic			Diluted
First Quarter		$0.73			$0.73			$0.46			$0.46
Second Quarter		$1.36			$1.34			$2.28			$2.27
Third Quarter		$2.96			$2.92			$2.22			$2.21
Fourth Quarter		($0.37	)		($0.36	)		($2.67	)		($2.66	)

Results of operations for 2018 include: 1) $532 million ($421 million net-of-tax) of impairment charges due to costs being charged directly to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a $170 million reduction of income tax expense and a regulatory liability of $40 million ($30 million net-of-tax) as a result of customer credits recognized by Utility, as a result of internal restructuring; 3) a $107 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a restructuring of the investment holdings in one of its nuclear plant decommissioning trust funds; 4) a $52 million income tax benefit, recognized by Entergy Louisiana, as a result of the settlement of the 2012-2013 IRS audit, associated with the Hurricane Katrina and Hurricane Rita contingent sharing obligation associated with the Louisiana Act 55 financing; and 5) a $23 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a state income tax audit. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Notes 2 and 3 to the financial statements for further discussion of the internal restructuring and customer credits. See Note 3 to the financial statements for further discussion of the IRS audit settlement, the state income tax audit, and restructuring of the decommissioning trust fund investment holdings.

Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in net income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in net income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2018 and 2017 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$551,024		$1,029,344		$315,743		$188,275		$348,940		$148,443
Second Quarter		$494,605		$1,072,788		$353,689		$178,446		$403,486		$112,456
Third Quarter		$568,399		$1,206,612		$367,734		$200,182		$477,231		$78,965
Fourth Quarter		$446,615		$987,576		$297,946		$150,487		$376,245		$116,843
2017:
First Quarter		$474,351		$880,783		$258,443		$168,989		$363,927		$154,787
Second Quarter		$496,662		$1,083,434		$291,212		$176,222		$378,488		$164,956
Third Quarter		$673,226		$1,290,494		$349,197		$199,017		$432,909		$156,106
Fourth Quarter		$495,680		$1,045,839		$299,377		$171,842		$369,569		$157,609

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi			Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$66,647			$141,319		$41,432			$17,869		$41,082		$30,941
Second Quarter		$26,501			$150,160		($63,801	)		$27,943		$58,637		$23,406
Third Quarter		$34,785			$236,518		$45,215			$21,544		$99,966		($17,879	)
Fourth Quarter		($82,704	)		$147,774		$23,600			$6,836		$6,741		$7,212
2017:
First Quarter		$42,696			$158,766		$40,159			$21,983		$38,620		$42,482
Second Quarter		$72,625			$200,018		$55,795			$27,823		$47,802		$43,035
Third Quarter		$173,270			$298,674		$84,813			$33,771		$78,993		$38,980
Fourth Quarter		$18,180			$217,179		$43,049			$12,832		$34,143		$42,486

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$36,255			$111,593			$22,843		$10,882		$17,350		$22,308
Second Quarter		$82,556			$184,358			$38,242		$18,269		$30,789		$23,387
Third Quarter		$128,890			$218,308			$50,733		$21,407		$65,846		$22,972
Fourth Quarter		$5,006			$161,355			$14,260		$2,594		$48,250		$25,442
2017:
First Quarter		$14,304			$94,378			$17,158		$10,978		$10,854		$20,347
Second Quarter		$38,550			$124,479			$28,303		$14,882		$21,101		$19,350
Third Quarter		$92,638			$186,284			$46,545		$18,529		$39,588		$20,583
Fourth Quarter		($5,648	)		($88,794	)		$18,026		$164		$4,630		$18,316

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2018:
First Quarter		$35,898			$22,605		$10,882
Second Quarter		$82,199			$38,003		$18,269
Third Quarter		$128,533			$50,495		$21,407
Fourth Quarter		$4,828			$14,141		$2,594
2017:
First Quarter		$13,947			$16,920		$10,737
Second Quarter		$38,193			$28,064		$14,641
Third Quarter		$92,281			$46,307		$18,288
Fourth Quarter		($6,005	)		$17,788		$46

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2018 and 2017 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2018:
First Quarter		$2,723,881		$335,664			$136,200			$132,761
Second Quarter		$2,668,770		$91,597			$248,860			$245,421
Third Quarter		$3,104,319		$271,035			$539,818			$536,379
Fourth Quarter		$2,512,482		($228,931	)		($62,323	)		($65,900	)
2017:
First Quarter		$2,588,458		$195,493			$86,051			$82,605
Second Quarter		$2,618,550		$168,839			$413,368			$409,922
Third Quarter		$3,243,628		$759,003			$401,644			$398,198
Fourth Quarter		$2,623,845		$237,072			($475,710	)		($479,113	)

Earnings (loss) per average common share



	2018						2017
	Basic			Diluted			Basic			Diluted
First Quarter		$0.73			$0.73			$0.46			$0.46
Second Quarter		$1.36			$1.34			$2.28			$2.27
Third Quarter		$2.96			$2.92			$2.22			$2.21
Fourth Quarter		($0.37	)		($0.36	)		($2.67	)		($2.66	)

Results of operations for 2018 include: 1) $532 million ($421 million net-of-tax) of impairment charges due to costs being charged directly to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a $170 million reduction of income tax expense and a regulatory liability of $40 million ($30 million net-of-tax) as a result of customer credits recognized by Utility, as a result of internal restructuring; 3) a $107 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a restructuring of the investment holdings in one of its nuclear plant decommissioning trust funds; 4) a $52 million income tax benefit, recognized by Entergy Louisiana, as a result of the settlement of the 2012-2013 IRS audit, associated with the Hurricane Katrina and Hurricane Rita contingent sharing obligation associated with the Louisiana Act 55 financing; and 5) a $23 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a state income tax audit. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Notes 2 and 3 to the financial statements for further discussion of the internal restructuring and customer credits. See Note 3 to the financial statements for further discussion of the IRS audit settlement, the state income tax audit, and restructuring of the decommissioning trust fund investment holdings.

Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in net income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in net income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2018 and 2017 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$551,024		$1,029,344		$315,743		$188,275		$348,940		$148,443
Second Quarter		$494,605		$1,072,788		$353,689		$178,446		$403,486		$112,456
Third Quarter		$568,399		$1,206,612		$367,734		$200,182		$477,231		$78,965
Fourth Quarter		$446,615		$987,576		$297,946		$150,487		$376,245		$116,843
2017:
First Quarter		$474,351		$880,783		$258,443		$168,989		$363,927		$154,787
Second Quarter		$496,662		$1,083,434		$291,212		$176,222		$378,488		$164,956
Third Quarter		$673,226		$1,290,494		$349,197		$199,017		$432,909		$156,106
Fourth Quarter		$495,680		$1,045,839		$299,377		$171,842		$369,569		$157,609

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi			Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$66,647			$141,319		$41,432			$17,869		$41,082		$30,941
Second Quarter		$26,501			$150,160		($63,801	)		$27,943		$58,637		$23,406
Third Quarter		$34,785			$236,518		$45,215			$21,544		$99,966		($17,879	)
Fourth Quarter		($82,704	)		$147,774		$23,600			$6,836		$6,741		$7,212
2017:
First Quarter		$42,696			$158,766		$40,159			$21,983		$38,620		$42,482
Second Quarter		$72,625			$200,018		$55,795			$27,823		$47,802		$43,035
Third Quarter		$173,270			$298,674		$84,813			$33,771		$78,993		$38,980
Fourth Quarter		$18,180			$217,179		$43,049			$12,832		$34,143		$42,486

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$36,255			$111,593			$22,843		$10,882		$17,350		$22,308
Second Quarter		$82,556			$184,358			$38,242		$18,269		$30,789		$23,387
Third Quarter		$128,890			$218,308			$50,733		$21,407		$65,846		$22,972
Fourth Quarter		$5,006			$161,355			$14,260		$2,594		$48,250		$25,442
2017:
First Quarter		$14,304			$94,378			$17,158		$10,978		$10,854		$20,347
Second Quarter		$38,550			$124,479			$28,303		$14,882		$21,101		$19,350
Third Quarter		$92,638			$186,284			$46,545		$18,529		$39,588		$20,583
Fourth Quarter		($5,648	)		($88,794	)		$18,026		$164		$4,630		$18,316

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2018:
First Quarter		$35,898			$22,605		$10,882
Second Quarter		$82,199			$38,003		$18,269
Third Quarter		$128,533			$50,495		$21,407
Fourth Quarter		$4,828			$14,141		$2,594
2017:
First Quarter		$13,947			$16,920		$10,737
Second Quarter		$38,193			$28,064		$14,641
Third Quarter		$92,281			$46,307		$18,288
Fourth Quarter		($6,005	)		$17,788		$46

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2018 and 2017 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2018:
First Quarter		$2,723,881		$335,664			$136,200			$132,761
Second Quarter		$2,668,770		$91,597			$248,860			$245,421
Third Quarter		$3,104,319		$271,035			$539,818			$536,379
Fourth Quarter		$2,512,482		($228,931	)		($62,323	)		($65,900	)
2017:
First Quarter		$2,588,458		$195,493			$86,051			$82,605
Second Quarter		$2,618,550		$168,839			$413,368			$409,922
Third Quarter		$3,243,628		$759,003			$401,644			$398,198
Fourth Quarter		$2,623,845		$237,072			($475,710	)		($479,113	)

Earnings (loss) per average common share



	2018						2017
	Basic			Diluted			Basic			Diluted
First Quarter		$0.73			$0.73			$0.46			$0.46
Second Quarter		$1.36			$1.34			$2.28			$2.27
Third Quarter		$2.96			$2.92			$2.22			$2.21
Fourth Quarter		($0.37	)		($0.36	)		($2.67	)		($2.66	)

Results of operations for 2018 include: 1) $532 million ($421 million net-of-tax) of impairment charges due to costs being charged directly to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a $170 million reduction of income tax expense and a regulatory liability of $40 million ($30 million net-of-tax) as a result of customer credits recognized by Utility, as a result of internal restructuring; 3) a $107 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a restructuring of the investment holdings in one of its nuclear plant decommissioning trust funds; 4) a $52 million income tax benefit, recognized by Entergy Louisiana, as a result of the settlement of the 2012-2013 IRS audit, associated with the Hurricane Katrina and Hurricane Rita contingent sharing obligation associated with the Louisiana Act 55 financing; and 5) a $23 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a state income tax audit. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Notes 2 and 3 to the financial statements for further discussion of the internal restructuring and customer credits. See Note 3 to the financial statements for further discussion of the IRS audit settlement, the state income tax audit, and restructuring of the decommissioning trust fund investment holdings.

Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in net income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in net income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2018 and 2017 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$551,024		$1,029,344		$315,743		$188,275		$348,940		$148,443
Second Quarter		$494,605		$1,072,788		$353,689		$178,446		$403,486		$112,456
Third Quarter		$568,399		$1,206,612		$367,734		$200,182		$477,231		$78,965
Fourth Quarter		$446,615		$987,576		$297,946		$150,487		$376,245		$116,843
2017:
First Quarter		$474,351		$880,783		$258,443		$168,989		$363,927		$154,787
Second Quarter		$496,662		$1,083,434		$291,212		$176,222		$378,488		$164,956
Third Quarter		$673,226		$1,290,494		$349,197		$199,017		$432,909		$156,106
Fourth Quarter		$495,680		$1,045,839		$299,377		$171,842		$369,569		$157,609

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi			Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$66,647			$141,319		$41,432			$17,869		$41,082		$30,941
Second Quarter		$26,501			$150,160		($63,801	)		$27,943		$58,637		$23,406
Third Quarter		$34,785			$236,518		$45,215			$21,544		$99,966		($17,879	)
Fourth Quarter		($82,704	)		$147,774		$23,600			$6,836		$6,741		$7,212
2017:
First Quarter		$42,696			$158,766		$40,159			$21,983		$38,620		$42,482
Second Quarter		$72,625			$200,018		$55,795			$27,823		$47,802		$43,035
Third Quarter		$173,270			$298,674		$84,813			$33,771		$78,993		$38,980
Fourth Quarter		$18,180			$217,179		$43,049			$12,832		$34,143		$42,486

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$36,255			$111,593			$22,843		$10,882		$17,350		$22,308
Second Quarter		$82,556			$184,358			$38,242		$18,269		$30,789		$23,387
Third Quarter		$128,890			$218,308			$50,733		$21,407		$65,846		$22,972
Fourth Quarter		$5,006			$161,355			$14,260		$2,594		$48,250		$25,442
2017:
First Quarter		$14,304			$94,378			$17,158		$10,978		$10,854		$20,347
Second Quarter		$38,550			$124,479			$28,303		$14,882		$21,101		$19,350
Third Quarter		$92,638			$186,284			$46,545		$18,529		$39,588		$20,583
Fourth Quarter		($5,648	)		($88,794	)		$18,026		$164		$4,630		$18,316

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2018:
First Quarter		$35,898			$22,605		$10,882
Second Quarter		$82,199			$38,003		$18,269
Third Quarter		$128,533			$50,495		$21,407
Fourth Quarter		$4,828			$14,141		$2,594
2017:
First Quarter		$13,947			$16,920		$10,737
Second Quarter		$38,193			$28,064		$14,641
Third Quarter		$92,281			$46,307		$18,288
Fourth Quarter		($6,005	)		$17,788		$46

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2018 and 2017 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2018:
First Quarter		$2,723,881		$335,664			$136,200			$132,761
Second Quarter		$2,668,770		$91,597			$248,860			$245,421
Third Quarter		$3,104,319		$271,035			$539,818			$536,379
Fourth Quarter		$2,512,482		($228,931	)		($62,323	)		($65,900	)
2017:
First Quarter		$2,588,458		$195,493			$86,051			$82,605
Second Quarter		$2,618,550		$168,839			$413,368			$409,922
Third Quarter		$3,243,628		$759,003			$401,644			$398,198
Fourth Quarter		$2,623,845		$237,072			($475,710	)		($479,113	)

Earnings (loss) per average common share



	2018						2017
	Basic			Diluted			Basic			Diluted
First Quarter		$0.73			$0.73			$0.46			$0.46
Second Quarter		$1.36			$1.34			$2.28			$2.27
Third Quarter		$2.96			$2.92			$2.22			$2.21
Fourth Quarter		($0.37	)		($0.36	)		($2.67	)		($2.66	)

Results of operations for 2018 include: 1) $532 million ($421 million net-of-tax) of impairment charges due to costs being charged directly to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a $170 million reduction of income tax expense and a regulatory liability of $40 million ($30 million net-of-tax) as a result of customer credits recognized by Utility, as a result of internal restructuring; 3) a $107 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a restructuring of the investment holdings in one of its nuclear plant decommissioning trust funds; 4) a $52 million income tax benefit, recognized by Entergy Louisiana, as a result of the settlement of the 2012-2013 IRS audit, associated with the Hurricane Katrina and Hurricane Rita contingent sharing obligation associated with the Louisiana Act 55 financing; and 5) a $23 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a state income tax audit. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Notes 2 and 3 to the financial statements for further discussion of the internal restructuring and customer credits. See Note 3 to the financial statements for further discussion of the IRS audit settlement, the state income tax audit, and restructuring of the decommissioning trust fund investment holdings.

Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in net income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in net income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2018 and 2017 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$551,024		$1,029,344		$315,743		$188,275		$348,940		$148,443
Second Quarter		$494,605		$1,072,788		$353,689		$178,446		$403,486		$112,456
Third Quarter		$568,399		$1,206,612		$367,734		$200,182		$477,231		$78,965
Fourth Quarter		$446,615		$987,576		$297,946		$150,487		$376,245		$116,843
2017:
First Quarter		$474,351		$880,783		$258,443		$168,989		$363,927		$154,787
Second Quarter		$496,662		$1,083,434		$291,212		$176,222		$378,488		$164,956
Third Quarter		$673,226		$1,290,494		$349,197		$199,017		$432,909		$156,106
Fourth Quarter		$495,680		$1,045,839		$299,377		$171,842		$369,569		$157,609

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi			Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$66,647			$141,319		$41,432			$17,869		$41,082		$30,941
Second Quarter		$26,501			$150,160		($63,801	)		$27,943		$58,637		$23,406
Third Quarter		$34,785			$236,518		$45,215			$21,544		$99,966		($17,879	)
Fourth Quarter		($82,704	)		$147,774		$23,600			$6,836		$6,741		$7,212
2017:
First Quarter		$42,696			$158,766		$40,159			$21,983		$38,620		$42,482
Second Quarter		$72,625			$200,018		$55,795			$27,823		$47,802		$43,035
Third Quarter		$173,270			$298,674		$84,813			$33,771		$78,993		$38,980
Fourth Quarter		$18,180			$217,179		$43,049			$12,832		$34,143		$42,486

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$36,255			$111,593			$22,843		$10,882		$17,350		$22,308
Second Quarter		$82,556			$184,358			$38,242		$18,269		$30,789		$23,387
Third Quarter		$128,890			$218,308			$50,733		$21,407		$65,846		$22,972
Fourth Quarter		$5,006			$161,355			$14,260		$2,594		$48,250		$25,442
2017:
First Quarter		$14,304			$94,378			$17,158		$10,978		$10,854		$20,347
Second Quarter		$38,550			$124,479			$28,303		$14,882		$21,101		$19,350
Third Quarter		$92,638			$186,284			$46,545		$18,529		$39,588		$20,583
Fourth Quarter		($5,648	)		($88,794	)		$18,026		$164		$4,630		$18,316

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2018:
First Quarter		$35,898			$22,605		$10,882
Second Quarter		$82,199			$38,003		$18,269
Third Quarter		$128,533			$50,495		$21,407
Fourth Quarter		$4,828			$14,141		$2,594
2017:
First Quarter		$13,947			$16,920		$10,737
Second Quarter		$38,193			$28,064		$14,641
Third Quarter		$92,281			$46,307		$18,288
Fourth Quarter		($6,005	)		$17,788		$46

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2018 and 2017 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2018:
First Quarter		$2,723,881		$335,664			$136,200			$132,761
Second Quarter		$2,668,770		$91,597			$248,860			$245,421
Third Quarter		$3,104,319		$271,035			$539,818			$536,379
Fourth Quarter		$2,512,482		($228,931	)		($62,323	)		($65,900	)
2017:
First Quarter		$2,588,458		$195,493			$86,051			$82,605
Second Quarter		$2,618,550		$168,839			$413,368			$409,922
Third Quarter		$3,243,628		$759,003			$401,644			$398,198
Fourth Quarter		$2,623,845		$237,072			($475,710	)		($479,113	)

Earnings (loss) per average common share



	2018						2017
	Basic			Diluted			Basic			Diluted
First Quarter		$0.73			$0.73			$0.46			$0.46
Second Quarter		$1.36			$1.34			$2.28			$2.27
Third Quarter		$2.96			$2.92			$2.22			$2.21
Fourth Quarter		($0.37	)		($0.36	)		($2.67	)		($2.66	)

Results of operations for 2018 include: 1) $532 million ($421 million net-of-tax) of impairment charges due to costs being charged directly to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a $170 million reduction of income tax expense and a regulatory liability of $40 million ($30 million net-of-tax) as a result of customer credits recognized by Utility, as a result of internal restructuring; 3) a $107 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a restructuring of the investment holdings in one of its nuclear plant decommissioning trust funds; 4) a $52 million income tax benefit, recognized by Entergy Louisiana, as a result of the settlement of the 2012-2013 IRS audit, associated with the Hurricane Katrina and Hurricane Rita contingent sharing obligation associated with the Louisiana Act 55 financing; and 5) a $23 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a state income tax audit. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Notes 2 and 3 to the financial statements for further discussion of the internal restructuring and customer credits. See Note 3 to the financial statements for further discussion of the IRS audit settlement, the state income tax audit, and restructuring of the decommissioning trust fund investment holdings.

Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in net income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in net income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2018 and 2017 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$551,024		$1,029,344		$315,743		$188,275		$348,940		$148,443
Second Quarter		$494,605		$1,072,788		$353,689		$178,446		$403,486		$112,456
Third Quarter		$568,399		$1,206,612		$367,734		$200,182		$477,231		$78,965
Fourth Quarter		$446,615		$987,576		$297,946		$150,487		$376,245		$116,843
2017:
First Quarter		$474,351		$880,783		$258,443		$168,989		$363,927		$154,787
Second Quarter		$496,662		$1,083,434		$291,212		$176,222		$378,488		$164,956
Third Quarter		$673,226		$1,290,494		$349,197		$199,017		$432,909		$156,106
Fourth Quarter		$495,680		$1,045,839		$299,377		$171,842		$369,569		$157,609

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi			Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$66,647			$141,319		$41,432			$17,869		$41,082		$30,941
Second Quarter		$26,501			$150,160		($63,801	)		$27,943		$58,637		$23,406
Third Quarter		$34,785			$236,518		$45,215			$21,544		$99,966		($17,879	)
Fourth Quarter		($82,704	)		$147,774		$23,600			$6,836		$6,741		$7,212
2017:
First Quarter		$42,696			$158,766		$40,159			$21,983		$38,620		$42,482
Second Quarter		$72,625			$200,018		$55,795			$27,823		$47,802		$43,035
Third Quarter		$173,270			$298,674		$84,813			$33,771		$78,993		$38,980
Fourth Quarter		$18,180			$217,179		$43,049			$12,832		$34,143		$42,486

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$36,255			$111,593			$22,843		$10,882		$17,350		$22,308
Second Quarter		$82,556			$184,358			$38,242		$18,269		$30,789		$23,387
Third Quarter		$128,890			$218,308			$50,733		$21,407		$65,846		$22,972
Fourth Quarter		$5,006			$161,355			$14,260		$2,594		$48,250		$25,442
2017:
First Quarter		$14,304			$94,378			$17,158		$10,978		$10,854		$20,347
Second Quarter		$38,550			$124,479			$28,303		$14,882		$21,101		$19,350
Third Quarter		$92,638			$186,284			$46,545		$18,529		$39,588		$20,583
Fourth Quarter		($5,648	)		($88,794	)		$18,026		$164		$4,630		$18,316

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2018:
First Quarter		$35,898			$22,605		$10,882
Second Quarter		$82,199			$38,003		$18,269
Third Quarter		$128,533			$50,495		$21,407
Fourth Quarter		$4,828			$14,141		$2,594
2017:
First Quarter		$13,947			$16,920		$10,737
Second Quarter		$38,193			$28,064		$14,641
Third Quarter		$92,281			$46,307		$18,288
Fourth Quarter		($6,005	)		$17,788		$46

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Operating results for the four quarters of 2018 and 2017 for Entergy Corporation and subsidiaries were:



	Operating Revenues		Operating Income (Loss)			Consolidated Net Income (Loss)			Net Income (Loss) Attributable to Entergy Corporation
	(In Thousands)
2018:
First Quarter		$2,723,881		$335,664			$136,200			$132,761
Second Quarter		$2,668,770		$91,597			$248,860			$245,421
Third Quarter		$3,104,319		$271,035			$539,818			$536,379
Fourth Quarter		$2,512,482		($228,931	)		($62,323	)		($65,900	)
2017:
First Quarter		$2,588,458		$195,493			$86,051			$82,605
Second Quarter		$2,618,550		$168,839			$413,368			$409,922
Third Quarter		$3,243,628		$759,003			$401,644			$398,198
Fourth Quarter		$2,623,845		$237,072			($475,710	)		($479,113	)

Earnings (loss) per average common share



	2018						2017
	Basic			Diluted			Basic			Diluted
First Quarter		$0.73			$0.73			$0.46			$0.46
Second Quarter		$1.36			$1.34			$2.28			$2.27
Third Quarter		$2.96			$2.92			$2.22			$2.21
Fourth Quarter		($0.37	)		($0.36	)		($2.67	)		($2.66	)

Results of operations for 2018 include: 1) $532 million ($421 million net-of-tax) of impairment charges due to costs being charged directly to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a $170 million reduction of income tax expense and a regulatory liability of $40 million ($30 million net-of-tax) as a result of customer credits recognized by Utility, as a result of internal restructuring; 3) a $107 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a restructuring of the investment holdings in one of its nuclear plant decommissioning trust funds; 4) a $52 million income tax benefit, recognized by Entergy Louisiana, as a result of the settlement of the 2012-2013 IRS audit, associated with the Hurricane Katrina and Hurricane Rita contingent sharing obligation associated with the Louisiana Act 55 financing; and 5) a $23 million reduction of income tax expense, recognized by Entergy Wholesale Commodities, as a result of a state income tax audit. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Notes 2 and 3 to the financial statements for further discussion of the internal restructuring and customer credits. See Note 3 to the financial statements for further discussion of the IRS audit settlement, the state income tax audit, and restructuring of the decommissioning trust fund investment holdings.

Results of operations for 2017 include: 1) $538 million ($350 million net-of-tax) of impairment charges due to costs being charged to expense as incurred as a result of the impaired value of the Entergy Wholesale Commodities nuclear plants’ long-lived assets due to the significantly reduced remaining estimated operating lives associated with management’s strategy to reduce the size of the Entergy Wholesale Commodities’ merchant fleet; 2) a reduction in net income of $181 million, including a $34 million net-of-tax reduction of regulatory liabilities, at Utility and $397 million at Entergy Wholesale Commodities and an increase in net income of $52 million at Parent and Other as a result of Entergy’s re-measurement of its deferred tax assets and liabilities not subject to the ratemaking process due to the enactment of the Tax Cuts and Jobs Act, in December 2017, which lowered the federal corporate income tax rate from 35% to 21%; and 3) a reduction in income tax expense, net of unrecognized tax benefits, of $373 million as a result of a change in the tax classification of legal entities that own Entergy Wholesale Commodities nuclear power plants. See Note 14 to the financial statements for further discussion of the impairment and related charges. See Note 3 to the financial statements for further discussion of the effects of the Tax Cuts and Jobs Act and the change in the tax classification.

The business of the Utility operating companies is subject to seasonal fluctuations with the peak periods occurring during the third quarter. Operating results for the Registrant Subsidiaries for the four quarters of 2018 and 2017 were:

Operating Revenues



	Entergy Arkansas		Entergy Louisiana		Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$551,024		$1,029,344		$315,743		$188,275		$348,940		$148,443
Second Quarter		$494,605		$1,072,788		$353,689		$178,446		$403,486		$112,456
Third Quarter		$568,399		$1,206,612		$367,734		$200,182		$477,231		$78,965
Fourth Quarter		$446,615		$987,576		$297,946		$150,487		$376,245		$116,843
2017:
First Quarter		$474,351		$880,783		$258,443		$168,989		$363,927		$154,787
Second Quarter		$496,662		$1,083,434		$291,212		$176,222		$378,488		$164,956
Third Quarter		$673,226		$1,290,494		$349,197		$199,017		$432,909		$156,106
Fourth Quarter		$495,680		$1,045,839		$299,377		$171,842		$369,569		$157,609

Operating Income (Loss)



	Entergy Arkansas			Entergy Louisiana		Entergy Mississippi			Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$66,647			$141,319		$41,432			$17,869		$41,082		$30,941
Second Quarter		$26,501			$150,160		($63,801	)		$27,943		$58,637		$23,406
Third Quarter		$34,785			$236,518		$45,215			$21,544		$99,966		($17,879	)
Fourth Quarter		($82,704	)		$147,774		$23,600			$6,836		$6,741		$7,212
2017:
First Quarter		$42,696			$158,766		$40,159			$21,983		$38,620		$42,482
Second Quarter		$72,625			$200,018		$55,795			$27,823		$47,802		$43,035
Third Quarter		$173,270			$298,674		$84,813			$33,771		$78,993		$38,980
Fourth Quarter		$18,180			$217,179		$43,049			$12,832		$34,143		$42,486

Net Income (Loss)



	Entergy Arkansas			Entergy Louisiana			Entergy Mississippi		Entergy New Orleans		Entergy Texas		System Energy
	(In Thousands)
2018:
First Quarter		$36,255			$111,593			$22,843		$10,882		$17,350		$22,308
Second Quarter		$82,556			$184,358			$38,242		$18,269		$30,789		$23,387
Third Quarter		$128,890			$218,308			$50,733		$21,407		$65,846		$22,972
Fourth Quarter		$5,006			$161,355			$14,260		$2,594		$48,250		$25,442
2017:
First Quarter		$14,304			$94,378			$17,158		$10,978		$10,854		$20,347
Second Quarter		$38,550			$124,479			$28,303		$14,882		$21,101		$19,350
Third Quarter		$92,638			$186,284			$46,545		$18,529		$39,588		$20,583
Fourth Quarter		($5,648	)		($88,794	)		$18,026		$164		$4,630		$18,316

Earnings (Loss) Applicable to Common Equity



	Entergy Arkansas			Entergy Mississippi		Entergy New Orleans
	(In Thousands)
2018:
First Quarter		$35,898			$22,605		$10,882
Second Quarter		$82,199			$38,003		$18,269
Third Quarter		$128,533			$50,495		$21,407
Fourth Quarter		$4,828			$14,141		$2,594
2017:
First Quarter		$13,947			$16,920		$10,737
Second Quarter		$38,193			$28,064		$14,641
Third Quarter		$92,281			$46,307		$18,288
Fourth Quarter		($6,005	)		$17,788		$46