CenterPoint Energy(US:CNP)2024-10-28 12:25Financial 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]