Centerpoint Energy Inc ( (CNP) ) has released its Q4 earnings. Here is a breakdown of the information Centerpoint Energy Inc presented to its investors.
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CenterPoint Energy, Inc., an investor-owned utility based in Texas, operates in the energy delivery sector, providing electric transmission, distribution, power generation, and natural gas distribution services to over 7 million customers across several states.
CenterPoint Energy recently reported its fourth-quarter and full-year 2024 financial results, highlighting a positive performance with an increase in earnings per share compared to the previous year. The company also shared its strategic plans, including a significant capital investment increase aimed at improving grid resiliency in the Houston region.
The company reported a fourth-quarter earnings per share of $0.38 on a GAAP basis and $0.40 on a non-GAAP basis, reflecting a 25% increase from the same period in 2023. For the full year, earnings were $1.58 per share GAAP and $1.62 per share non-GAAP, representing an 8% increase over 2023. CenterPoint anticipates a nearly 50% growth in electric load demand by 2031 in its Houston Electric service territory and has raised its 10-year capital plan to $47.5 billion.
Additionally, the company reiterated its 2025 non-GAAP EPS guidance range of $1.74-$1.76, which at the midpoint indicates an 8% growth over 2024, maintaining its annual growth target of 6%-8% through 2030. This outlook is driven by anticipated customer growth, usage, and strategic investments.
Looking ahead, CenterPoint’s management remains committed to enhancing grid resiliency and supporting diverse economic growth in the Greater Houston area. With a focus on strategic capital investments and regulatory recovery, the company aims to sustain its growth trajectory and deliver value to its stakeholders.
