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CenterPoint Non-GAAP EPS of $0.28 beats by $0.01, revenue of $1.88B beats by $110M

Jul. 27, 2023 6:31 AM ETCenterPoint Energy, Inc. (CNP) StockBy: Pranav Ghumatkar, SA News Editor2 Comments
  • CenterPoint press release (NYSE:CNP): Q2 Non-GAAP EPS of $0.28 beats by $0.01.
  • Revenue of $1.88B (-3.1% Y/Y) beats by $110M.
  • Increased 2023 capital plan by $400 million or more than 11% to $4 billion in 2023 and $43.4B over the 10-year plan through 2030
  • Non-GAAP EPS guidance range for 2023 reaffirmed at $1.48-$1.50, which represents 8% growth over 2022 results at the midpoint; and further reiterated growth targets of 8% for 2024 and the mid-to-high end of 6%-8% annually thereafter, through 2030.

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Comments (2)

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Cnp is so overpriced right now its crazy. Many better utility plays out there with lower pe and higher yields.
Worst grid service here in north Houston. Absolute crap

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