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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________ FORM 10-Q Securities registered pursuant to Section 12(b) of the Act: Registrant Title of each class Trading Symbol Name of each exchange on which registered CenterPoint Energy, Inc. Common Stock, $0.01 par value CNP New York Stock Exchange NYSE Chicago CenterPoint Energy Houston Electric, LLC 6.95% General Mortgage Bonds due 2033 n/a New York Stock Exchange CenterPoint Energy Resources Corp. 6.625% Senior Notes due 2 ...

Core Insights - CenterPoint Energy has released an independent expert report detailing 77 recommendations to enhance its storm response capabilities following Hurricane Beryl [1][2] - The company has already completed or is in the process of implementing 51 of these recommendations as part of the Greater Houston Resiliency Initiative (GHRI) [1][2] Completed Actions - CenterPoint has completed 18 recommendations from PA Consulting Group, including the replacement of the Outage Map with an Outage Tracker and revising communication strategies to better inform customers [3] - Additional actions include acquiring smaller generators for temporary use and enhancing coordination of vegetation management [3] In-Progress Recommendations - The second phase of GHRI is underway, with 33 recommendations currently being implemented, such as expanding the installation of automated reclosers and increasing the use of composite poles for improved reliability [4][5] - Other initiatives include revising tree trimming cycles and implementing a new storm management tool for better crew deployment [4][5] Recommendations Under Evaluation - CenterPoint is evaluating 26 additional recommendations from PA Consulting Group, focusing on enhancing the tree replacement program and improving customer communication solutions [6] - The company aims to gather stakeholder feedback on communication effectiveness as part of its long-term resiliency efforts [6] Company Overview - CenterPoint Energy is an investor-owned utility based in Texas, serving over 7 million customers across multiple states, with a workforce of approximately 9,000 employees [8]

Wall Street analysts expect CenterPoint Energy (CNP) to post quarterly earnings of $0.42 per share in its upcoming report, which indicates a year-over-year increase of 5%. Revenues are expected to be $1.94 billion, up 4.2% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 16% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings ...

With more than 200 competing teams, CenterPoint earns 6th place finish among investor-owned utilities and 13th place overallHOUSTON, Oct. 22, 2024 /PRNewswire/ -- This past weekend, CenterPoint Energy's lineworkers and apprentices competed in the 40th annual International Lineman's Rodeo in Bonner Springs, Kansas. The Lineman's Rodeo attracts the best linemen from around the world to compete in events based on traditional lineman tasks. The event provides valuable opportunities for lineworkers to sharpen th ...

CenterPoint Energy, Inc. (CNP) is slated to report third-quarter 2024 results on Oct. 28 before the opening bell. See the Zacks Earnings Calendar to stay ahead of market-making news. In the last reported quarter, the company delivered an earnings surprise of 9.09%. CenterPoint Energy holds a four-quarter average earnings surprise of 6.26%. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors to Note Ahead of CNP's Q3 Earnings The majority of the company's serv ...

Operations leadership remains in Florida to support ongoing efforts as restoration continues in the hardest-hit areas HOUSTON, Oct. 17, 2024 /PRNewswire/ -- CenterPoint Energy is proud to have answered the call from its peer utilities on the East Coast to provide mutual assistance support following the impacts of Hurricanes Helene and Milton. For the last month, at peak, approximately 350 CenterPoint leadership, frontline workers and contractors have been in Florida, Georgia and the Carolinas providing mutu ...