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CenterPoint Energy's (CNP) CEO Dave Lesar on Q1 2021 Results - Earnings Call Transcript

May 06, 2021 1:42 PM ETCenterPoint Energy, Inc. (CNP), CNP.PB
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CenterPoint Energy, Inc. (NYSE:CNP) Q1 2021 Earnings Conference Call May 6, 2021 8:00 AM ET

Company Participants

Phil Holder – Senior Vice President-Strategic Planning and Investor Relations

Dave Lesar – Chief Executive Officer

Jason Wells – Chief Financial Officer

Tom Webb – Senior Adviser

Jackie Richert – Investor Relations

Conference Call Participants

Insoo Kim – Goldman Sachs

Shar Pourreza – Guggenheim Partners

Steve Fleishman – Wolfe Research

Durgesh Chopra – Evercore ISI

Julien Dumoulin-Smith – Bank of America

Michael Weinstein – Credit Suisse

Jeremy Tonet – J.P. Morgan


Good morning, and welcome to CenterPoint Energy’s First Quarter 2021 Earnings Conference Call with Senior Management. During the company’s prepared remarks, all participants will be in a listen-only mode. There will be a question-and-answer session after management’s remarks. [Operator Instructions]

I would now like to turn the call over to Phil Holder, Senior Vice President of Strategic Planning and Investor Relations. Mr. Holder?

Phil Holder

Good morning, everyone. Welcome to CenterPoint’s earnings conference call. Dave Lesar, our CEO; Jason Wells, our CFO; and Tom Webb, our Senior Adviser will discuss the company’s first quarter 2021 results. Management will discuss certain topics that will contain projections and other forward-looking information and statements that are based on management’s beliefs, assumptions and information currently available to management.

These forward-looking statements are subject to risks and uncertainties. Actual results could differ materially based upon various factors, as noted in our Form 10-Q, other SEC filings and our earnings materials. We undertake no obligation to revise or update publicly any forward-looking statement.

We will also discuss earnings guidance and our utility earnings growth target. In providing this guidance, we use a non-GAAP measure of adjusted diluted earnings per share. We previously referred to our earnings guidance as guidance basis, EPS, and will now refer to it as non-GAAP EPS or utility

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