earnings
confidence high
sentiment positive
materiality 0.65
CenterPoint Q1 GAAP EPS $0.49, non-GAAP $0.50; reaffirms 2023 guidance $1.48-$1.50
CENTERPOINT ENERGY INC
2023-Q1 EPS reported
$0.49
revenue$2,779,000,000
- GAAP net income $313M, diluted EPS $0.49; non-GAAP EPS $0.50, up 6% YoY.
- Q1 results driven by regulatory recovery and O&M reductions, partially offset by interest expense and mild weather.
- 2023 non-GAAP EPS guidance reaffirmed at $1.48-$1.50, representing 8% growth over 2022.
- Capital spending on track: $3.6B planned for 2023, over 25% deployed in Q1.
- CEO cites strong execution and addition of CFO Chris Foster to management team.