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Centerpoint Energy (CNP)
NYSE:CNP
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.4Last Year’s EPS
0.32Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.65%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
CenterPoint Energy demonstrated robust financial performance and strategic growth initiatives, including significant investments in system resiliency and strong regulatory outcomes. However, challenges remain with increased operational costs and uncertainties around mobile generation deployment.Company Guidance
During CenterPoint Energy's earnings call, the company provided guidance based on non-GAAP EPS, reporting $0.40 for the fourth quarter and $1.62 for the full year 2024. This represents an 8% growth over 2023's results. The company reaffirmed its 2025 non-GAAP EPS guidance range of $1.74 to $1.76, which equates to an 8% growth at the midpoint from the 2024 results. CenterPoint also highlighted its long-term growth expectations, projecting annual non-GAAP EPS growth at the mid- to high end of a 6% to 8% range through 2030. The company plans to align dividend growth with earnings growth over the same period. Additionally, CenterPoint outlined a $5.5 billion capital investment plan to improve system resiliency from 2026 through 2028, expecting to save customers more than one billion outage minutes in extreme weather events and reduce storm-related costs by an estimated $50 million per year starting in 2029.Strong Financial Performance
CenterPoint reported non-GAAP EPS growth of 8% over 2023, with $1.62 per share for the full year 2024. This marks the fourth consecutive year of meeting or exceeding annual non-GAAP EPS guidance.
Reaffirmed Growth Guidance
CenterPoint reaffirmed its 2025 non-GAAP EPS guidance range of $1.74 to $1.76, representing 8% growth at the midpoint from 2024's non-GAAP EPS of $1.62.
Significant Investment in System Resiliency
Announced a $5.75 billion system resiliency plan for Houston Electric from 2026 through 2028, aiming to improve system resiliency with $5.5 billion related to capital expenditures.
Regulatory and Rate Case Success
Reached settlements in the Houston Electric and Minnesota Gas rate cases, with final orders received in two out of five recent rate cases, representing over 80% of the enterprise rate base.
Temporary Generation Transaction
CenterPoint proposed a transaction with ERCOT to transfer temporary generation units for up to two years, providing peak reliability in San Antonio and expecting higher market rates post-transfer.
Houston Area Load Growth
Forecasted a 50% increase in peak demand from 21 GW to nearly 31 GW by 2031 in the Greater Houston area, driven by diverse economic activities including logistics, medical, and energy sectors.
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CNP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $33.87 | $33.73 | -0.41% |
| Oct 28, 2024 | $28.93 | $29.36 | +1.49% |
| Jul 30, 2024 | $28.58 | $27.92 | -2.31% |
| Apr 30, 2024 | $28.42 | $28.34 | -0.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Centerpoint Energy (CNP) report earnings?
Centerpoint Energy (CNP) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Centerpoint Energy (CNP) earnings time?
Centerpoint Energy (CNP) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNP EPS forecast?
CNP EPS forecast for the fiscal quarter 2024 (Q4) is 0.4.
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