logo
Entergy Texas Donates $30,000 To Aid Flood Recovery Efforts in Central Texas

Entergy Texas Donates $30,000 To Aid Flood Recovery Efforts in Central Texas

THE WOODLANDS, Texas, July 21, 2025 /3BL/ - To provide critical support to our neighboring communities, Entergy Texas is donating $30,000 to the Community Foundation of the Texas Hill Country to aid recovery efforts following the Central Texas floods. The foundation manages the Kerr County Flood Relief Fund, which helps provide rescue, relief, recovery services and flood assistance to impacted communities.
'We're heartbroken to see the damage and pain caused by the flooding,' said Eliecer Viamontes, CEO of Entergy Texas. 'We believe in being there for our neighbors—not just when the lights are on, but especially in moments of hardship. It's crucial that all Texans stand together during this time, and we hope this donation provides meaningful support to the affected communities.'
The Kerr County Flood Relief Fund, a public charity based in Kerrville, supports urgent relief and long-term rebuilding after the devastating floods in Central Texas. To donate, please visit the Kerr County Flood Relief Fund donation website.
Entergy Texas has a longstanding commitment to strengthening the communities we serve.While the Central Texas floods did not directly impact our own service area, it is our mission to support the broader region we call home. Whether through disaster response, volunteerism or charitable giving, we are proud to stand with communities across Texas to help build a more resilient future for all.
About Entergy TexasEntergy Texas, Inc. provides electricity to approximately 524,000 customers in 27 counties. Entergy Texas is a subsidiary of Entergy Corporation. Entergy produces, transmits and distributes electricity to power life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. Its customers are connected to the Midcontinent Independent System Operator Inc. power grid, which is a regional transmission organization responsible for administering the transmission systems of member utilities in 15 states stretching across the central region of the United States and Manitoba, Canada. We're investing for growth and improved reliability and resilience of our energy system while working to keep energy rates affordable for our customers. We're also investing in cleaner energy generation like modern natural gas, nuclear and renewable energy. A nationally recognized leader in sustainability and corporate citizenship, we deliver more than $100 million in economic benefits each year to the communities we serve through philanthropy, volunteerism and advocacy. Entergy is a Fortune 500 company headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at entergytexas.com and connect with @EntergyTX on social media.
Media Inquiries:Entergy Texas Media 281-297-2353 (media line) [email protected]
View original content here.
Visit 3BL Media to see more multimedia and stories from Entergy Corporation
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hess Midstream LP (HESM) Back Under Morgan Stanley's Radar After Chevron Merger
Hess Midstream LP (HESM) Back Under Morgan Stanley's Radar After Chevron Merger

Yahoo

time24 minutes ago

  • Yahoo

Hess Midstream LP (HESM) Back Under Morgan Stanley's Radar After Chevron Merger

Hess Midstream LP (NYSE:HESM) ranks among the . On July 25, Morgan Stanley resumed covering Hess Midstream LP (NYSE:HESM) with an Equalweight rating and a $48 price target. The update follows the merger between HESM sponsor Hess Corporation and Chevron. Chevron is now the general partner and dominant stakeholder, holding 79.4 million Class A shares, or 37.8% of the equity interest. According to Morgan Stanley, the key concern for Hess Midstream LP (NYSE:HESM) is whether Chevron will buy the remaining part or keep it as a separate midstream company. According to the firm, a possible takeover wouldn't likely have a major financial impact on Chevron, although it might streamline the company's organizational structure and grant the oil giant more direct control over midstream activities. Hess Midstream LP (NYSE:HESM) is a midstream energy company that specializes in fee-based gathering, processing, storage, and terminal services. Based in Texas, the company operates in the Bakken and Three Forks shale areas. While we acknowledge the potential of HESM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.

UBS Reaffirms Buy on Coterra Energy (CTRA) Amid Better-Than-Expected Oil Price Realization
UBS Reaffirms Buy on Coterra Energy (CTRA) Amid Better-Than-Expected Oil Price Realization

Yahoo

time24 minutes ago

  • Yahoo

UBS Reaffirms Buy on Coterra Energy (CTRA) Amid Better-Than-Expected Oil Price Realization

Coterra Energy Inc. (NYSE:CTRA) ranks among the . In response to Coterra Energy Inc. (NYSE:CTRA)'s 8-K report on realized prices and cash hedge gains, UBS reaffirmed its Buy rating and $30 price target on the company's shares on July 22. During the quarter, Coterra Energy Inc. (NYSE:CTRA) reported a post-hedge realized oil price of $64.01 per barrel, which was higher than UBS's forecast of $62.25 per barrel. The post-hedge realized gas price for the company came in at $2.27 per mmbtu, which was less than the $2.41 per mmbtu that UBS had predicted. With gains of $0.07 per mmbtu on gas hedges and $1.21 per barrel on oil contracts, the energy giant also collected $35 million in net hedge cash settlements. Coterra Energy Inc. (NYSE:CTRA) is a natural gas company based in Houston, Texas. Founded in 1990 as the Cabot Oil & Gas Company, a subsidiary of then-parent Cabot Corporation, Coterra specializes in the development, exploration, and production of oil, natural gas, and natural gas liquids. While we acknowledge the potential of CTRA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Frost CEO: Lending competition heating up
Frost CEO: Lending competition heating up

Yahoo

timean hour ago

  • Yahoo

Frost CEO: Lending competition heating up

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Frost Bank is experiencing stiffer competition for lending activity in its Texas markets, particularly in the commercial real estate sector, CEO Phil Green said Thursday. For San Antonio-based Frost, loans lost to other banks due to structure continued to increase in the second quarter, reaching the second-highest quarter ever for such losses. 'I think this represents the level of competition developing in the market,' Green said during Thursday's quarterly earnings call. Competition has intensified generally, but there's 'probably no more competitive asset class than commercial real estate,' Green said in an interview after the lender reported earnings. Past CRE issues led many lenders to 'put pencils down' for a period of time; now, with fewer deals to go around, 'whenever one raises their head, you get more people looking to participate,' Green said. Dive Insight: Texas has been a hotbed for bank expansion and merger-and-acquisition activity of late: Columbus, Ohio-based regional Huntington Bank said last month it's buying Dallas-based Veritex for $1.9 billion; Kalispell, Montana-based Glacier Bank is acquiring Mount Pleasant, Texas-based Guaranty Bancorp for $476.2 million; and Houston-based Prosperity Bancshares is buying American Bank for $321.5 million. And super-regionals U.S. Bank and PNC are among the bigger banks digging deeper into the state, which has seen population and business growth explode in recent years. Amid an increasingly competitive lending landscape, the rise in Frost's losses to structure 'just represents how aggressive banks are out there,' Green said during the earnings call. Other banks might be willing to offer a more lenient loan structure, with a longer interest-only period or a longer term, he said. Frost executives noted the $51.4 billion-asset bank's losses to pricing dropped by 28%. The lender didn't detail the size of the increase in losses due to structure. 'We want to compete on price. We don't want to lose good business to that,' Green told analysts during the call. 'But as it relates to structure, that's where you can get in trouble.' When asked whether there might be a point down the road at which the bank rethinks that approach to remain competitive, Green said, 'the grass is never greener on the other side of the fence of good credit quality.' 'I wouldn't see us making significant changes to our approach to credit structure,' he added. The Texas bank's average loans for the second quarter increased 7.2%, to $21.1 billion, year over year; that represented a 1.3% increase from the prior quarter, the bank said. Lending competition is coming from banks of all sizes, although Green said Frost is experiencing 'a little bit more pressure coming from smaller – maybe banks a little smaller than us,' he said. 'They're sort of waking up to having some money, I guess, to go into some of these asset classes, and they typically will be a little bit more aggressive on underwriting.' Frost CFO Dan Geddes added that competition has intensified particularly for larger loan opportunities. 'Larger, high quality – there's not a lot of them and so when they come around, it can get pretty competitive on both pricing and structure,' Geddes said. As Frost continues its expansion efforts in major Texas cities, the recent M&A activity in the state 'really is to our benefit,' Green said. 'If anything, it's going to make it more successful, I think, because you have an acquisition and you're trying to put two different companies together, and your customers are confused and your staff is confused, and there are lots of questions, and there's systems that have to be converted,' he said. 'And if we move into a market like that, and we're an alternative, I think it just really helps enhance our value proposition.' Those integrations offer Frost an opportunity to pick up both customers and bankers, he contended. 'I'm kind of looking forward, frankly, to some of this acquisition activity,' he said. Green reiterated Thursday the bank is uninterested in any acquisitions itself, and sees plenty of room to grow within Texas, rather than going outside the state. Frost, which opened its 200th branch in the Austin area in the second quarter, has doubled down on organic expansion in markets such as Houston, Dallas and Austin. By the end of the second quarter, the bank's expansion efforts – which begin in 2018 – had generated about $2.7 billion in deposits, $2 billion in loans and almost 69,000 new households as customers, Green said. The expansion represented about 37% of total loan growth and 44% of total deposit growth, year over year, and 24% of new commercial relationships were brought in through the expansion, Geddes said. The bank sees plenty more opportunity to fill out its presence in those major cities – and potentially in Fort Worth and San Antonio, or smaller communities like Fredericksburg and Kerrville – as it tracks where growth has been particularly robust and follows. 'There's so much more for us to mine out of these great markets,' he said. 'That's where our focus is going to be.' The bank's non-interest expenses jumped 9.5%, to $347.1 million, in the quarter, in part tied to hiring connected to the expansion. Frost expects overall expansion efforts to be accretive to earnings in 2026. Recommended Reading Frost CFO: 'We are that stable bank in Texas' Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store