It has been about a month since the last earnings report for CenterPoint Energy (CNP) . Shares have added about 0.2% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is CenterPoint due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. CenterPoint Energy's Q1 Earnings Top ...

4 ~$2.2B to $2.7B Capital Investment Plan Range (2025-2027)(1) Electric System Hardening and Modernization (~$1.7B - $2.1B) • Replace and upgrade assets most susceptible to severe weather or other disruptions • Includes transmission system hardening, distribution circuit rebuilds, and strategic undergrounding Physical Security (~$35MM) • Enhance security at critical substations • Includes asset protection and security monitoring system upgrades Wildfire Mitigation (~$140MM) • Expand wildfire risk modeling a ...

CenterPoint Energy, Inc. (NYSE:CNP) Q1 2024 Earnings Conference Call April 29, 2024 8:00 AM ET Company Participants Jackie Richert - Senior Vice President, Corporate Planning, Investor Relations and Trustees Jason Wells - Chief Executive Officer Chris Foster - Chief Financial Officer Conference Call Participants Constantine Lednev - Guggenheim Partners James Thalacker - BMO Capital Markets Steve Fleishman - Wolfe Research Nick Campanella - Barclays Jeremy Tonet - JPMorgan Securities Durgesh Chopra - Evercor ...

CenterPoint Energy, Inc. (CNP) reported first-quarter 2024 adjusted earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate of 51 cents by 7.8%. The bottom line improved 10% from the year-ago quarter’s figure of 50 cents per share.The year-over-year improvement can be attributed to regulatory recovery and favorable weather impacts.The company registered GAAP earnings of 55 cents per share, which increased 12.2% from the prior-year quarter’s figure of 49 cents per share.Q1 RevenuesCNP ge ...

CenterPoint Energy (CNP) reported $2.62 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.7%. EPS of $0.55 for the same period compares to $0.50 a year ago.The reported revenue represents a surprise of -6.98% over the Zacks Consensus Estimate of $2.82 billion. With the consensus EPS estimate being $0.51, the EPS surprise was +7.84%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

CenterPoint Energy (CNP) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.84%. A quarter ago, it was expected that this energy delivery company would post earnings of $0.32 per share when it actually produced earnings of $0.32, delivering no surprise.Over the last four quarters, the ...

millions EPS millions EPS millions EPS millions EPS Consolidated income (loss) available to $ 313 $ 0.49 $ 106 $ 0.17 $ 256 $ 0.40 192 $ 0.3 $ common shareholders and diluted EPS | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------|-------|-------|--------|-------|-------|-------|--------|-------|--------|-------|--------|-------|-------|-------|-------| | ZENS-related mark-t ...

Financial Performance - Revenues for the three months ended March 31, 2024, increased to $901 million, up from $792 million in the same period of 2023, representing a growth of approximately 13.8%[183] - Operating income remained stable at $190 million for the three months ended March 31, 2024, compared to $189 million in the same period of 2023[183] - Net income for the three months ended March 31, 2024, was $99 million, a decrease from $108 million in the same period of 2023, reflecting a decline of approximately 8.3%[183] - CenterPoint Energy reported a net income of $264 million for Q1 2024, compared to $212 million in Q1 2023, reflecting a 24.5% increase[210] - Total revenues for Q1 2024 were $1.512 billion, down from $1.717 billion in Q1 2023, representing a decrease of 12%[210] - Utility revenues decreased to $1.500 billion in Q1 2024 from $1.707 billion in Q1 2023, a decline of 12.1%[210] - Operating income increased to $370 million in Q1 2024, up from $313 million in Q1 2023, marking an increase of 18.2%[210] - CenterPoint Energy's total expenses decreased to $1,142 million in Q1 2024 from $1,404 million in Q1 2023, a decrease of $262 million[255] Debt and Financing - CenterPoint Energy issued $400 million in new debt during the three months ended March 31, 2024, with a 5.15% interest rate due in 2034[193] - The company repaid $22 million of existing debt during the same period, including the redemption of first mortgage bonds[193] - The weighted average interest rate on revolving credit facilities was 5.49% as of March 31, 2024, slightly down from 5.54% at the end of 2023[204] - CenterPoint Energy remained compliant with all financial debt covenants as of March 31, 2024[203] - The company reported a net change in commercial paper outstanding of $1.472 billion for the three months ended March 31, 2024, compared to $853 million in 2023, reflecting a significant increase in short-term financing[265] Assets and Equity - CenterPoint Energy's total assets increased to $17,623 million as of March 31, 2024, compared to $17,086 million as of March 31, 2023, marking an increase of approximately 3.1%[185] - The company had total assets of $15.478 billion as of March 31, 2024, compared to $15.296 billion at the end of 2023, an increase of 1.2%[214] - Total stockholder's equity increased to $6.027 billion in Q1 2024 from $5.879 billion in Q1 2023, reflecting a growth of 2.5%[217] Cash Flow - Cash provided by operating activities was $241 million in Q1 2024, significantly higher than $94 million in Q1 2023[206] - Net cash provided by operating activities decreased significantly to $378 million from $1,531 million, a decline of about 75.3%[218] - For the three months ended March 31, 2024, CenterPoint Energy reported net cash provided by operating activities of $538 million, compared to $241 million for the same period in 2023, reflecting an increase of 123%[262] - The net cash used in investing activities for the same period was $844 million, a decrease from $795 million in 2023, indicating a 6% increase in cash outflow[263] - Financing activities resulted in a net cash inflow of $376 million for the three months ended March 31, 2024, compared to an outflow of $519 million in 2023, marking a significant turnaround[265] Capital Expenditures - Capital expenditures for Q1 2024 were $461 million, down from $587 million in Q1 2023, indicating a reduction of 21.4%[206] - Capital expenditures for the period were $303 million, down from $391 million, indicating a reduction of approximately 22.5%[218] - The estimated cost for the new natural gas combustion turbine facility is $334 million, expected to provide a combined output of 460 MW and operational by mid-2025[316] - Houston Electric's Mill Creek Transmission Project has estimated capital costs between $62 million and $98 million, with a decision on project approval expected in Q3 2024[320] - Estimated capital expenditures for CenterPoint Energy are projected to be $2,858 million for the remaining nine months of 2024, with Houston Electric and CERC expected to spend $1,442 million and $1,093 million, respectively[285] Regulatory and Compliance - CenterPoint Energy plans to sell its Louisiana and Mississippi natural gas LDC businesses, with the transaction expected to close in the first quarter of 2025[194] - CERC filed for a natural gas base rate increase of approximately 3.1% or $37 million, driven by safety and reliability investments, with a proposed 10.50% ROE[331] - CERC's Minnesota rate case requests a 6.5% increase or $85 million for 2024 and an additional 3.7% or $52 million for 2025, reflecting ongoing investments in system safety and reliability[332] - Indiana Electric seeks a 16% rate increase or $119 million based on a forward-looking 2025 test year, primarily for system safety and reliability improvements[333] - As of March 31, 2024, CenterPoint Energy and CERC recorded regulatory assets of $69 million and $104 million, respectively, related to the February 2021 Winter Storm Event[339] Environmental and Sustainability Initiatives - CenterPoint Energy has set a goal for net zero emissions for Scope 1 and certain Scope 2 emissions by 2035, and aims to reduce certain Scope 3 emissions by 20% to 30% by 2035[352] - The EPA's proposed emission limits for carbon dioxide from fossil fuel-fired power plants may impact CenterPoint Energy's operations, although the company does not plan to operate coal-fired units beyond December 2029[351] - CenterPoint Energy anticipates over $3 billion in cleaner energy investments over the next 10 years to support renewable energy generation and electric vehicle expansion[360] - The proposed preferred portfolio under Indiana Electric's new IRP aims to convert its last coal unit to natural gas by the end of 2027 and add significant renewable resources through 2033[360] Operational Highlights - The number of residential metered customers increased by 1% to 3,921,286 as of March 31, 2024, compared to 3,869,044 at the end of Q1 2023[255] - The throughput for residential customers decreased by 24% to 71 Bcf in Q1 2024 compared to 94 Bcf in Q1 2023[255] - CenterPoint Energy's solar projects face delays and increased costs due to supply chain issues, regulatory investigations, and the Uyghur Forced Labor Prevention Act, potentially impacting project viability[325] Innovation and Future Projects - CERC submitted its first innovation plan to the MPUC, which includes 18 pilot projects and seven smaller research-and-development projects aimed at deploying renewable energy resources[323] - Indiana Electric has filed a CPCN for a 200 MW wind energy generating facility, expected to be placed in service by the end of 2026, pending definitive agreements[291] - Houston Electric's construction of a 345 kV transmission line is substantially complete, with energization expected shortly after the completion of the Space City Solar Generation facility in the first half of 2025[298]

HOUSTON, April 26, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced the results of the voting by shareholders at its 2024 annual meeting. Shareholders approved the following proposals: The election of Wendy Montoya Cloonan, Earl M. Cummings, Barbara J. Duganier, Christopher H. Franklin, Raquelle W. Lewis, Thaddeus J. Malik, Theodore F. Pound, Ricky A. Raven, Phillip R. Smith, Barry T. Smitherman, and Jason P. Wells to serve on the company's Board of Directors for one-year terms; The rati ...

Investors are always looking for stocks that are poised to beat at earnings season and CenterPoint Energy, Inc. (CNP) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because CenterPoint Energy is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is ...