GHRI Phase Two: Looking AheadAs part of the second phase of GHRI, which runs through May 31, 2025, CenterPoint teams will be taking additional actions including: installing 4,500 automated reliability devices to minimize sustained interruptions during major storm events and reduce restoration times; and establishing a network of 100 new weather monitoring stations. This part of GHRI Phase Two is set to begin in early 2025. The company plans to complete each of these actions before the start of the next hurr ...

Announcement follows completion of 350 more miles of newly hardened powerlines, on top of additional resiliency and hardening actions completed during Phase One of the Greater Houston Resiliency Initiative.HOUSTON, Nov. 14, 2024 /PRNewswire/ -- CenterPoint Energy today announced the completion of the last of its 42 critical initial actions and commitments it made to state leaders and customers in the aftermath of Hurricane Beryl to immediately strengthen the electric system and improve its storm response. A ...

Company plans to spread emergency Derecho response costs of approximately $450 million across 15 years; Customer bill impact expected to be about $1 per month Financial method expected to save customers more than $50 million in interest charges Derecho storm caused more than an estimated $5 billion in damages across the Greater Houston area unrelated to CenterPoint infrastructure HOUSTON, Nov. 8, 2024 /PRNewswire/ -- As part of its commitment to keeping customer bills more affordable, CenterPoint Energy ...

Company has completed Phase One of the Greater Houston Resiliency Initiative; continues to make progress on Phase Two of the Greater Houston Resiliency Initiative to be better prepared for 2025 hurricane season; and will file its multi-year system resiliency plan by January 2025 Company has continued to communicate with intervening parties and plans to resume settlement talks immediatelyHOUSTON, Nov. 8, 2024 /PRNewswire/ -- CenterPoint Energy (CenterPoint) today announced its plans to proceed with settleme ...

CenterPoint Energy, Inc. (NYSE:CNP) Q3 2024 Earnings Conference Call October 28, 2024 8:00 AM ET Company Participants Jackie Richert - SVP, Corporate Planning, IR and Treasurer Jason Wells - CEO Chris Foster - CFO Conference Call Participants Shar Pourreza - Guggenheim Steve Fleishman - Wolfe Research Durgesh Chopra - Evercore Jeremy Tonet - JPMorgan Securities David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Jefferies Operator Good morning, and welcome to CenterPoint Energy Third Quarter 2024 Earnings ...

CenterPoint Energy (CNP) reported $1.86 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.2%. EPS of $0.31 for the same period compares to $0.40 a year ago. The reported revenue represents a surprise of -1.19% over the Zacks Consensus Estimate of $1.88 billion. With the consensus EPS estimate being $0.36, the EPS surprise was -13.89%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to W ...

Core Insights - CenterPoint Energy, Inc. (CNP) reported third-quarter 2024 adjusted earnings of 31 cents per share, missing the Zacks Consensus Estimate of 36 cents by 13.9% and reflecting a 22.5% decline from the previous year due to increased operating and maintenance expenses [1][2] - The company's GAAP earnings were 30 cents per share, down 25% from 40 cents in the prior year, attributed to lower revenues and higher total expenses [2] - CNP generated revenues of $1.86 billion, missing the Zacks Consensus Estimate of $1.88 billion by 1.2% and showing a 0.2% decrease from the year-ago figure [3] Operational Results - Total expenses increased by 6.7% year over year to $1.43 billion, with operating income reported at $424 million, down from $518 million a year ago [4] - Interest expenses and other finance charges rose to $191 million, an increase of 8.5% from $176 million in the previous year [4] Financial Condition - As of September 30, 2024, cash and cash equivalents stood at $112 million, up from $90 million as of December 31, 2023 [5] - Total long-term debt increased to $19.73 billion from $17.56 billion as of December 31, 2023 [5] - Net cash flow from operating activities was $1.25 billion, down from $3.07 billion in the year-ago period [5] Capital Expenditure - Total capital expenditure was reported at $2.50 million as of September 30, 2024, compared to $3.32 billion a year ago [6] 2024 Guidance - CenterPoint Energy reaffirmed its 2024 earnings guidance, expecting adjusted earnings per share in the range of $1.61-$1.63, with the Zacks Consensus Estimate at $1.62 [7] - The company initiated its 2025 earnings guidance, projecting adjusted earnings in the range of $1.74-$1.76 per share, with the Zacks Consensus Estimate at $1.73, which is below the company's guided range [8] Zacks Rank - CNP currently holds a Zacks Rank 4 (Sell) [9]

Core Viewpoint - CenterPoint Energy (CNP) reported quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.36 per share, and down from $0.40 per share a year ago, indicating an earnings surprise of -13.89% [1][2] Financial Performance - The company posted revenues of $1.86 billion for the quarter ended September 2024, which also missed the Zacks Consensus Estimate by 1.19%, remaining unchanged from the previous year's revenues [2] - Over the last four quarters, CenterPoint has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - CenterPoint shares have increased by approximately 2.6% since the beginning of the year, contrasting with the S&P 500's gain of 21.8% [3] - The current Zacks Rank for CenterPoint is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $2.32 billion, and for the current fiscal year, it is $1.62 on revenues of $8.73 billion [7] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6] Industry Context - The Utility - Electric Power industry, to which CenterPoint belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance & Guidance - CenterPoint Energy reaffirmed its 2024 non-GAAP EPS guidance of $1.61 - $1.63, achieving approximately 75% YTD of the midpoint[7] - The company initiated 2025 non-GAAP EPS guidance target range of $1.74 - $1.76, representing 8% growth from the 2024 midpoint[7] - The company delivered $0.31 non-GAAP EPS for the third quarter[7] - The company's long-term FFO/Debt target is 14%-15% through 2030, with a delivered 13.8% TTM in Q3 2024[7] Capital Investment & Funding - The company plans to fund a robust capital investment plan with asset recycling gross proceeds and securitization proceeds totaling ~$3 billion in 2025+ and equity or equity-like proceeds of $2.5 billion through 2030[7] - The company is increasing its equity or equity-like issuance plan by $1.25 billion to fund incremental capital through 2030[7] - The company increased its capital investment plan by $2.5 billion for incremental resiliency investments in Houston Electric, bringing the total to $47 billion[7] - The company anticipates ~$1.2 billion gross proceeds from the Louisiana and Mississippi LDC sale by the end of Q1 2025[16] Operational & Regulatory Updates - The company restored power to 1 million customers within the first 48 hours of Hurricane Beryl, deploying 2,000 crew workers and 13,000 mutual aid workers[9] - The company is targeting 1-2% O&M reductions and seeking to keep residential delivery charges in line with inflation[7]

CenterPoint. Energy THIRD QUARTER 2024 INVESTOR UPDATE Cautionary Statement and Other Disclaimer This presentation and the coal statements made in consection herwith contain "treward-looking statiments" within the measing of Section 27A of the Securities Act of 1933 ar statements of historical fact triculated in this presentation and the crail statements made in connection herwith an forward-looking statements made in good falth by Center its were from not included by on Privinses or primmers or conservings ...