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Centerpoint Energy (CNP)
NYSE:CNP
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.4Last Year’s EPS
$0.32Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: 8.91%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth prospects, particularly in Texas, and reaffirmed future guidance, despite challenges from recent hurricanes and a decline in quarterly financial performance. The increased equity requirement is a notable concern.Company Guidance
During the third quarter 2024 earnings call, CenterPoint Energy provided several key metrics related to its financial performance and future guidance. The company reported a non-GAAP EPS of $0.31 for the quarter and reaffirmed its full-year 2024 non-GAAP EPS guidance range of $1.61 to $1.63 per share, representing an 8% growth at the midpoint from 2023. Looking ahead, CenterPoint initiated its 2025 non-GAAP EPS guidance target range at $1.74 to $1.76 per share, indicating another 8% growth from the 2024 midpoint. Additionally, the company plans approximately $47 billion in capital investments through 2030, with $26 billion targeted over the remaining five years of the decade. This includes a $5 billion system resiliency plan for Houston Electric from 2026 through 2028, an increase of $2.5 billion over the previous plan. Despite these substantial investments, CenterPoint anticipates customer delivery charge increases will align with the long-term rate of inflation. The company also plans to raise an additional $1.25 billion in equity, bringing the total to $2.5 billion through 2030, to support these investments.Reaffirmation of Full Year 2024 EPS Guidance
CenterPoint Energy reaffirmed its full year 2024 non-GAAP EPS guidance range of $1.61 to $1.63 per share, representing 8% growth at the midpoint from 2023 results.
Greater Houston Resiliency Initiative (GHRI) Progress
Significant strides were made in strengthening grid resiliency, including removing higher-risk vegetation across 2,000 line miles and installing over 300 automated reliability devices. The new outage tracker was launched to enhance customer experience.
Initiation of 2025 Non-GAAP EPS Guidance
CenterPoint Energy initiated its 2025 non-GAAP EPS guidance target range of $1.74 to $1.76 per share, with the midpoint representing 8% growth from the midpoint of 2024 guidance.
Strong Organic Growth in Texas
The Houston region continues to grow significantly, with peak load expected to increase by more than 30% by 2030, driven by population growth, electrification, and data center activity.
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CNP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $29.12 | $29.55 | +1.48% |
| Jul 30, 2024 | $28.77 | $28.10 | -2.33% |
| Apr 30, 2024 | $28.61 | $28.53 | -0.28% |
| Feb 20, 2024 | $27.29 | $27.21 | -0.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Centerpoint Energy (CNP) report earnings?
Centerpoint Energy (CNP) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Centerpoint Energy (CNP) earnings time?
Centerpoint Energy (CNP) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNP EPS forecast?
CNP EPS forecast for the fiscal quarter 2024 (Q4) is $0.4.
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