Meta to fund seven new natural gas power plants to fuel AI data centers — Entergy partnership to deliver 7 gigawatts of power for Louisiana AI facility [Yahoo! Finance]
Entergy Corporation (ETR)
Last entergy corporation earnings: 2/19 06:30 am
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Source: Yahoo! Finance
Meta is paying for the construction of seven new natural gas plants to supply its largest data center, massively expanding the fossil fuel infrastructure underpinning its AI buildout. The company reached a new agreement with Entergy Corp. to build the plants, which will provide an additional 5.2 gigawatts of electricity to the Hyperion campus in Richland Parish, Louisiana, Entergy's local subsidiary said Friday, as reported by Bloomberg Entergy received approval to build three gas plants last year, which will generate roughly 2.3 gigawatts of electricity for Meta. With the new expansion, Hyperion will be served by a total of 10 natural gas facilities, delivering more than 7 gigawatts. Entergy received regulatory approval for that initial batch of plants in 2025 and subsequently applied to connect additional gas generation to Louisiana's grid to meet rising demand. Still, the seven new plants will need their own sign-off from state regulators before construction can begin. Meta is
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- Entergy (ETR) had its price target raised by Barclays PLC from $96.00 to $118.00. They now have an "overweight" rating on the stock.MarketBeat
- Entergy (ETR) had its price target raised by Mizuho from $112.00 to $120.00. They now have an "outperform" rating on the stock.MarketBeat
- Entergy (ETR) had its price target raised by BMO Capital Markets from $112.00 to $118.00. They now have an "outperform" rating on the stock.MarketBeat
- Meta's Louisiana data center deal projects $2B in savings [Yahoo! Finance]Yahoo! Finance
- Meta, Entergy announce massive expansion at Louisiana AI data center [USA TODAY]USA TODAY
ETR
Earnings
- 2/12/26 - In-Line
ETR
Sec Filings
- 3/27/26 - Form ARS
- 3/27/26 - Form DEF
- 3/27/26 - Form DEFA14A
- ETR's page on the SEC website