Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Entergy Corporation (ETR) Halal?

FAIL

Entergy Corporation · NYSE: ETR · Utilities

The short answer

No - Entergy Corporation (ETR) fails this Shariah stock screen at the debt gate. Entergy, founded in 1913 and headquartered in New Orleans, Louisiana, is a regulated electric utility serving more than 3 million customers in Arkansas, Louisiana, Mississippi and Texas, reporting two segments (Utility and Parent & Other) - none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance, so the business-activity gate passes (the New Orleans and Louisiana natural gas distribution businesses were sold on July 1, 2025). The financial ratios do not: total interest-bearing debt of $30,934.9M (per the FY2025 Form 10-K: $2,375,140K currently maturing long-term debt + $657,774K notes payable and commercial paper + $27,902,021K long-term debt) is about 65.83% of its ~$46.99B market cap ($100.40/share, October 2026), roughly double the ~33% ceiling. Interest and investment income of $317,348K is about 2.45% of FY2025 revenue ($12,946,686K), below the 5% ceiling (the Q2 2026 quarterly reading of 4.96% also passes). Two independent screeners agree: Zoya rates ETR not Shariah-compliant and Musaffa classifies ETR as NOT HALAL (October 2026). This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Entergy Corporation (NYSE: ETR), founded in 1913 and headquartered in New Orleans, Louisiana, is a regulated electric utility holding company. Per its FY2025 Form 10-K it generates, transmits and distributes electricity to more than 3 million customers through utility operating companies in Arkansas, Louisiana, Mississippi and Texas, and reports two segments (Utility and Parent & Other). FY2025 operating revenues were $12,946,686K: Electric $12,775,314K (98.7%), Natural gas $112,607K, Other $58,765K. The Entergy New Orleans and Entergy Louisiana natural gas distribution businesses were sold on July 1, 2025. Business-screen implication (factual): every segment is regulated electricity (plus divested gas distribution) - none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or interest-based conventional lending. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: FAIL

Per Entergy's FY2025 Form 10-K (fiscal year ended December 31, 2025), total interest-bearing debt was $30,934.9M: currently maturing long-term debt $2,375,140K + notes payable and commercial paper $657,774K + long-term debt $27,902,021K (including $221,139K of securitization bonds). Operating lease liabilities are excluded. Against a market cap of about $46.99B (Finnhub, XNYS, $100.40, October 2026), debt / market cap is about 65.83% - roughly double the ~33% ceiling. As a cross-check, Entergy's own Q4 2025 results release (Appendix F-2, GAAP to non-GAAP reconciliation) reports total debt of $31,050M at December 31, 2025. Cash and cash equivalents of $1,928.9M ($45,895K cash + $1,883,021K temporary cash investments) are about 4.10% of market cap. Gate 2 fails. Facts only.

Gate 3 — Non-compliant income: PASS

Entergy's consolidated income statements separately disclose an 'Interest and investment income' line under Other Income (Deductions). For FY2025 it was $317,348K against total operating revenues of $12,946,686K - about 2.45%, below the 5% non-compliant income ceiling. For the three months ended June 30, 2026 (company's Q2 2026 earnings release, filed with the SEC on July 29, 2026) the line was $174,908K against operating revenues of $3,523,638K - about 4.96%, also below the ceiling. The line combines interest income with investment income, so these are conservative full-line readings; it cannot be split further from the disclosed figures. Zoya independently reports the same FY2025 figures ($317,348,000 interest income, 2.45% of revenue). No other material non-compliant income was identified. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Entergy do?

Entergy Corporation (NYSE: ETR), founded in 1913 and headquartered in New Orleans, Louisiana, is a regulated electric utility holding company. Per its FY2025 Form 10-K it generates, transmits and distributes electricity to more than 3 million customers through utility operating companies in Arkansas, Louisiana, Mississippi and Texas, and reports two segments: Utility and Parent & Other. FY2025 operating revenues were $12,946,686K, of which Electric was $12,775,314K, Natural gas $112,607K and Other $58,765K. The company employed about 12,000 people. Its common stock is listed on the New York Stock Exchange and NYSE Texas under the symbol ETR.

Why does Entergy fail this Shariah stock screen?

Entergy fails this Shariah stock screen at Gate 2 (debt). Gate 1 (business activity) passes: per the FY2025 Form 10-K, the business is regulated electricity generation, transmission and distribution; the Entergy New Orleans and Entergy Louisiana natural gas distribution businesses were sold on July 1, 2025. The filings disclose no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or interest-based conventional lending. Gate 2 (debt) fails: total interest-bearing debt of $30,934.9M (currently maturing long-term debt $2,375,140K + notes payable and commercial paper $657,774K + long-term debt $27,902,021K) is about 65.83% of its ~$46.99B market cap, roughly double the ~33% ceiling. Gate 3 (non-compliant income) passes: separately disclosed consolidated 'Interest and investment income' of $317,348K in FY2025 is about 2.45% of $12,946,686K revenue, below the 5% ceiling; the Q2 2026 quarterly reading of 4.96% also passes. Zoya and Musaffa both rate ETR as not Shariah-compliant / not halal. Result: FAIL. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Entergy's interest-bearing debt ratio?

Per Entergy's FY2025 Form 10-K (fiscal year ended December 31, 2025), total interest-bearing debt was $30,934.9M: currently maturing long-term debt $2,375,140K + notes payable and commercial paper $657,774K + long-term debt $27,902,021K (which includes $221,139K of securitization bonds). Operating lease liabilities are excluded. Against a market cap of about $46.99B (Finnhub, XNYS, October 2026), debt / market cap is about 65.83% - roughly double the ~33% ceiling. As a cross-check, Entergy's own Q4 2025 results release (Appendix F-2) reports GAAP total debt of $31,050M at December 31, 2025. Cash and cash equivalents of $1,928.9M is about 4.10% of market cap. Gate 2 fails. Facts only.

What is Entergy's non-compliant income ratio?

Entergy's consolidated income statements separately disclose an 'Interest and investment income' line. For FY2025 it was $317,348K against total operating revenues of $12,946,686K - about 2.45%, below the 5% non-compliant income ceiling. For the three months ended June 30, 2026 (company's Q2 2026 earnings release, filed with the SEC) the line was $174,908K against operating revenues of $3,523,638K - about 4.96%, also below the ceiling. The line combines interest income with investment income, so these are conservative full-line readings; it cannot be split further from the disclosed figures. Zoya independently reports the same FY2025 figures ($317,348,000 interest income, 2.45% of revenue). No other material non-compliant income was identified. Gate 3 passes. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Entergy?

Zoya covers Entergy at zoya.finance/stocks/etr and flags ETR as not Shariah-compliant under its AAOIFI methodology, based on Entergy's most recent financial reports; it also reports FY2025 interest income of $317,348,000 (2.45% of revenue). Musaffa covers Entergy at musaffa.com/stock/ETR/ and, as of October 2026, classifies ETR as not halal under its AAOIFI methodology. ShariaPortfolio publishes no per-ticker Entergy rating in its public materials - it is a boutique wealth manager rather than a public ticker-by-ticker screener, so nothing was found to quote. Zoya and Musaffa agree with this page's FAIL assessment. This page applies the screen directly from Entergy's own SEC filings.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).