CenterPoint Q2 non-GAAP EPS $0.28; raises 2023 capital plan to $4B

CENTERPOINT ENERGY INC

2023-Q2 EPS reported $0.66 revenue$4,654,000,000

GAAP diluted EPS $0.17; non-GAAP diluted EPS $0.28, vs GAAP $0.28 in Q2 2022.
Raised 2023 capital plan by $400M to $4.0B; 10-year plan increased to $43.4B.
Reaffirmed 2023 non-GAAP EPS guidance $1.48-$1.50 (8% growth at midpoint); reiterated 8% growth for 2024.
Divestiture of Energy Systems Group resulted in $74M loss ($0.12/share) in Q2.
Growth/regulatory recovery contributed $0.07/share; offset by $0.10 from higher interest and milder weather.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CENTERPOINT ENERGY INC reported second quarter 2023 results: net income $106 million, EPS $0.17 per diluted share. Guidance reaffirmed.

Period: second quarter 2023
Net income: $106 million
EPS: $0.17 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

CenterPoint Energy reports continued strong earnings results, reiterates 2023 guidance, and raises 2023 capital plan • Reported GAAP earnings of $0.17 per diluted share for Q2 2023 • Reported non-GAAP earnings per diluted share (“non-GAAP EPS”) of $0.28 for Q2 2023 • 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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Source: SEC EDGAR

accession 0001130310-23-000111

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