Entergy Texas, Inc., together with its subsidiaries, generates, transmits, and distributes electric power through coal in Texas. The company was founded in 1998 and is headquartered in The Woodlands, Texas. Entergy Texas, Inc. operates as a subsidiary of Entergy Corporation.
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How ETI-P scores on the Regulated Utilities defenses
Regulatory Franchise
Score 66
· 25% of the moat score
The franchise is the moat, granted rather than earned: an exclusive right to serve a territory in exchange for regulated prices and an obligation to supply.
Rate-Base Return Quality
Score 62
· 20% of the moat score
A utility earns an allowed return on the capital invested in its network, the rate base.
Dividend Sustainability
Score 36
· 18% of the moat score
Utilities are owned largely for income, and the dividend is only as safe as the operating cash flow behind it.
Capital Structure Discipline
Score 82
· 17% of the moat score
Regulated utilities carry more debt than almost any other sector, which suits how predictable their revenue is but makes credit quality a core competitive asset.
Operational Efficiency
Score 45
· 12% of the moat score
Efficiency is unusually consequential under regulation.
Essential Service Resilience
Score 35
· 8% of the moat score
Electricity, gas and water are bought in a recession at close to the volume bought in an expansion, which is why utility revenue barely tracks the economic cycle.
What is Entergy Texas Inc 5.375% Series's moat score?
Entergy Texas Inc 5.375% Series (ETI-P) scores 58 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 46 companies in Utilities - Regulated Electric. Its strongest defense is Capital Structure Discipline (82/100) and its weakest is Essential Service Resilience (35/100).
How is the moat score calculated?
Each company is scored with an industry-specific template — Regulated Utilities in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 46 companies in Utilities - Regulated Electric. The defenses are then weighted to produce the overall score out of 100.
Why is Entergy Texas Inc 5.375% Series scored with the Regulated Utilities template?
A regulated utility is a legal monopoly whose prices are set by a regulator rather than by a market. It cannot raise prices at will and it cannot be undercut, so most of the usual questions about competitive advantage barely apply. What matters is the quality of the regulatory bargain: whether the company earns the return it is allowed, funds its capital programme cheaply, and sustains the dividend investors own it for.
Which competitive defenses are measured for Entergy Texas Inc 5.375% Series?
The Regulated Utilities template measures 6 defenses, and ETI-P scores: Regulatory Franchise (66), Rate-Base Return Quality (62), Dividend Sustainability (36), Capital Structure Discipline (82), Operational Efficiency (45), Essential Service Resilience (35). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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