quarter per and outages lower and morning, Today, generator education customers. we the quarter of weather, expenses, share acceleration to Thank spending results, the operating timing everyone. are items the of including earnings you, maintenance affected sales Good of adjusted mild first including cogeneration $X.XX. Several Drew. reporting planned
from under guidance, quarter first achieve our X% the in detail. In this to line positioned remain long-term outlook. in growth with of were review on earnings adjusted that like XXXX With items our our X we are the and belt, track we I'd all excluded I'll to achieve X% adjustments well that results results to had we quarter, firmly mention. and considered to
District in sales. decision a long-standing Arkansas the from received First, opportunity case Court U.S. Entergy a around
resulted Entergy Arkansas decision asset The the $X.XX a recording a impairment in quarter. in of regulatory
to $X.XX share to New the Entergy benefits resolution. income IRS incremental from Orleans XXXX recorded XXXX Second, tax a charge audit regulatory
Our first out EPS laid drivers quarter adjusted Slide on X. are
to regulatory we are investments Our our of the customers. that reflect results include that benefit actions making recovery
is a of also expense investments. as Depreciation those higher result
mild year I XXXX. but as not sales, as retail was weather mild noted earlier, this as For
offset Excluding sales continually X.X% quarter-over-quarter cogeneration fundamentals weather, to not our lower sales monitor customers. driver were higher Industrial was to residential volume commercial. to sales earnings lower We to was important big by driven down industrial by for as customers. largely a sales sales
us As giving variability our you other O&M remain than can in year. first growth due see the throughout Utility outlook. which metrics confidence the have appendix supportive, in our quarter year presentation, some to of this of higher the quarter several drivers, last industrial was
For example, nonnuclear at plants. more higher care health and planned had maintenance we outages claims were
planned. assumptions, vegetation our We other in also to of initially Compared accelerated was O&M storm higher season. advance guidance in the quarter management than
line in out we expect the balance to However, guidance ultimately roughly our assumptions. over and fully year be original O&M with
an million which which investments included quarter Moving focus ongoing million, cash credit flow approximately last on Slide deferred receipts, lower it our cash year. a strong in was is flow operating summarized Credit costs element We than on to largest last customers. to The X. declined executing important compared on was maintain for as Slide year. Operating within for customer $XXX XXXX. is X. driver in the was our $XXX Deferred collections fuel fuel significant
by the the impacted of the that year. our debt course through balance will out of For were timing metrics quarter, issuances
positive FERC. a support metrics rating of better strong City On agency the our ratings Orleans. or and continues New Our S&P outlook S&P issued announced by affirming SIRI, generate further notch expectations. raise the outlook its by settlement they Council Series credit update improving noted for to X its is with approved business if rating underlying Monday, to followed FFO and in than range the settlement could the that
settlements system support Consistent As claims S&P with energy company's stability stakeholders. we have future reduce the said, cash future this, all certainty uncertainty of and flow provides of and noted litigation for predictability. these settlement potential
X. to Turning Slide
Our equity needs unchanged. remain
against make our continue We equity XXXX and progress XXXX to needs.
end the in of our forward. equity those locked more of of ATM XX% for need utilizing quarter, than we've years As the
lower on shown to X, cogeneration Weather guidance been have longer-term year. As to headwind and we outlook. EPS a affirming and sales the customers Slide our adjusted start are
from year, industrial we additional to sales For the customers. full are benefiting
The offset these sales headwind. impact this of
be track to our continue full We for expectations. on year
Regarding quarterly benefit when customers vary we following especially very significant summer. compared for flex the timing where of spending prior can significantly, a O&M deployed utility to hot a year
year end XXXX, last the be than year, line XXXX our variance. the our we we In of in As were with the first in to this year. look to flex spending the roughly the increases back following: quarter the timing increase of in of Key with drivers O&M include all expect of higher quarter second spending
time reductions frame prescription years, multiple covering same that In recur which that last we we year, we rebates So expect year in significant at this this same quarter in or expect don't second time to frame. corresponding year. in spending level received the
our I that noted vegetation earlier variance spending. first accelerated includes quarter
We assuming in to storm in continue acceleration in the of expect normal acceleration reduces of that back weather. advance spending season XXXX. XXXX, half This
reiterate are in we in on deliver O&M out and year, variability confident I our have over that spending the we While want will to consistent quarters fully balance financial with outlook, our to the we expect we commitments.
of and steady, regulatory outcomes for We prioritize to create execute continue positioned well key successful results. We're to needs along our our with value financial customers operational and stakeholders. predictable deliver to the customer,
for team Drew about provide questions. the answer in our Analyst in-depth Entergy we'll now to plans a future. June we're said, And available the view As Day excited where our of is long-term
