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

• 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.

Comments

[lappygums]

Cnp is so overpriced right now its crazy. Many better utility plays out there with lower pe and higher yields.

[ErichL2392]

Worst grid service here in north Houston. Absolute crap