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ENTERGY CORPORATION REPORTS THIRD QUARTER NET INCOME

       ENTERGY CORPORATION REPORTS THIRD QUARTER NET INCOME
    NEW ORLEANS, Nov. 1 /PRNewswire/ -- Entergy Corporation (NYSE: ETR) today reported third quarter 1991 consolidated net income of $203.4 million, compared to $209.6 million for the same period last year, a decrease of 3.0 percent.
    The slight decline was due primarily to reduced interest income earned this quarter and to the effect of recording (in September 1991) several non-recurring adjustments.  In addition, third quarter 1990 included a one-time gain that was related to the sale of certain previously written-off Grand Gulf 2 property.
    Earnings per share, based on a 6.7 percent reduction in average number of shares outstanding, were $1.12, up from $1.07 a year ago.
    Earnings per share increased because the number of shares outstanding was reduced as a result of repurchases and retirements of stock under the company's common stock repurchase program.
    BOARD INCREASES DIVIDEND
    The board of directors voted on Oct. 24 to increase the company's quarterly dividend by five cents a share to 35 cents.  The dividend is payable on Dec. 2 to shareholders of record on Nov. 8.
    The board also authorized the expenditure of up to $270 million to repurchase company common stock through Jan. 31, 1992, depending on market conditions.
    Stock repurchases are made from time-to-time depending upon market conditions and authorization of Entergy's board of directors, and there is no assurance of the actual amount of purchases that will be made.
    As of Oct. 31, nearly 23.8 million shares of Entergy common stock had been repurchased at a total cost of $487.5 million.
              SUMMARY OF CONSOLIDATED OPERATING RESULTS
                             (Unaudited)
                (In thousands, except per-share amounts)
                                                            Pct. inc.
       3 mos. ended Sept. 30           1991         1990     (dec.)
    Total operating revenues       $1,255,114   $1,227,248     2.3
    Electric operating revenues    $1,242,001   $1,212,817     2.4
    Total operating expenses       $  905,970   $  878,172     3.2
    Fuel and fuel-related
     expenses, purchased
     power, purchased gas          $  309,804   $  308,169     0.5
    Rate deferrals - net           $   26,882   $   (1,611)    ---
    Consolidated net income        $  203,355   $  209,593    (3.0)
    Earnings per common shr.
     on consol. net income         $     1.12   $     1.07     4.7
    Avg. number of shares
     outstanding                      181,977      194,972    (6.7)
    Total electric energy sales
     (millions of kWh)                 19,699       19,068     3.3
    Energy sales to ret. custs.        17,114       17,131    (0.1)
                                                            Pct. inc.
       9 mos. ended Sept. 30           1991         1990     (dec.)
    Total operating revenues       $3,129,456   $3,055,959     2.4
    Electric operating revenues    $3,073,621   $2,993,701     2.7
    Total operating expenses       $2,319,982   $2,232,253     3.9
    Fuel and fuel-related
     expenses, purchased
     power, purchased gas          $  779,741   $  782,702    (0.4)
    Rate deferrals - net           $   47,544   $  (33,931)    ---
    Consolidated net income        $  370,740   $  407,640    (9.1)
    Earnings per common shr.
     on consol. net income         $     2.02   $     2.05    (1.5)
    Avg. number of shares
     outstanding                      183,514      199,232    (7.9)
    Total electric energy sales
     (millions of kWh)                 49,005       47,520     3.1
    Energy sales to ret. custs.        43,405       42,630     1.8
                                                            Pct. inc.
       12 mos. ended Sept. 30          1991         1990     (dec.)
    Total operating revenues       $4,055,564   $3,938,779     3.0
    Electric operating revenues    $3,974,043   $3,848,131     3.3
    Total operating expenses       $3,022,711   $2,916,248     3.7
    Fuel and fuel-related
     expenses, purchased
     power, purchased gas          $1,022,585   $1,036,968    (1.4)
    Rate deferrals - net           $   48,517   $  (57,751)    ---
    Consolidated net income        $  441,419   $  422,714     4.4
    Earnings per common shr.
     on consol. net income         $     2.40   $     2.11    13.7
    Avg. number of shares
     outstanding                      184,120      200,576    (8.2)
    Total electric energy sales
     (millions of kWh)                 63,542       61,680     3.0
    Energy sales to ret. custs.        56,541       55,266     2.3
    -0-                         11/1/91
    /CONTACT:  MEDIA:  Kirk Carney, 504-569-4156, or INVESTORS: Richard Strawn, 504-569-4360, both of Entergy/
    (ETR) CO:  Entergy Corporation ST:  Louisiana IN:  OIL SU:  ERN DIV OFR BR-BN -- AT002 -- 0120 11/01/91 10:18 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Date:Nov 1, 1991
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