8-K
filed October 26, 2023, 7:59 PM ET
ticker CNP
CIK 0001130310
earnings
confidence high
sentiment positive
materiality 0.80
CenterPoint Energy Q3 GAAP EPS $0.40; raises 2023 guidance; names Jason Wells as CEO
CENTERPOINT ENERGY INC
2023-Q3 EPS reported
$1.07
revenue$6,514,000,000
- Q3 2023 GAAP and non-GAAP EPS both $0.40 per diluted share, up 25% YoY from Q3 2022.
- Raised 2023 non-GAAP EPS guidance to $1.49-$1.51 (from $1.48-$1.50); initiates 2024 guidance of $1.61-$1.63 (8% growth).
- Increased 10-year capital plan to $43.9B, up $500M through 2030, with $200M in 2023 and $300M in 2024-2025.
- CEO David Lesar to retire Jan 5, 2024; President and COO Jason Wells appointed CEO and board member effective same date.
- Wells' compensation: $1.15M base salary, short-term target 125%, long-term target 500% of salary.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
CENTERPOINT ENERGY INC reported for 2024 results: EPS non-GAAP EPS guidance range of $1.61-$1.63. Guidance initiated.
- Period
- for 2024
- EPS
- non-GAAP EPS guidance range of $1.61-$1.63
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Initiated 2024 non-GAAP EPS guidance range of $1.61-$1.63, which represents an 8% growth over the increased 2023 midpoint and further maintains growth targets of 8% for 2024 and the mid-to-high end of 6%-8% annually thereafter through 20301
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
CENTERPOINT ENERGY INC reported for 2023 results: EPS non-GAAP EPS guidance range for 2023 from $1.48-$1.50 to $1.49-$1.51. Guidance raised.
- Period
- for 2023
- EPS
- non-GAAP EPS guidance range for 2023 from $1.48-$1.50 to $1.49-$1.51
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
Increased non-GAAP EPS guidance range for 2023 from $1.48-$1.50 to $1.49-$1.51 which now represents a 9% growth target at the midpoint over 2022 actual results; expected to be the third consecutive year of 9% growth1
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
CENTERPOINT ENERGY INC reported for 2023 results: EPS non-GAAP EPS guidance range for 2023 from $1.48-$1.50 to $1.49-$1.51. Guidance raised.
- Period
- for 2023
- EPS
- non-GAAP EPS guidance range for 2023 from $1.48-$1.50 to $1.49-$1.51
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
Increased non-GAAP EPS guidance range for 2023 from $1.48-$1.50 to $1.49-$1.51 which now represents a 9% growth target at the midpoint over 2022 actual results
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
CENTERPOINT ENERGY INC reported for Q3 2023 results: EPS Non-GAAP EPS for the third quarter 2023 was also $0.40.
- Period
- for Q3 2023
- EPS
- Non-GAAP EPS for the third quarter 2023 was also $0.40
- Result
- reported results
Exact text from the filing
Non-GAAP EPS for the third quarter 2023 was also $0.40, a 25% increase to the comparable quarter of 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
CENTERPOINT ENERGY INC reported for the third quarter of 2023 results: net income income available to common shareholders of $256 million, EPS $0.40 per diluted share on a GAAP basis.
- Period
- for the third quarter of 2023
- Net income
- income available to common shareholders of $256 million
- EPS
- $0.40 per diluted share on a GAAP basis
- Result
- reported results
Exact text from the filing
CenterPoint Energy, Inc. (NYSE: CNP) or "CenterPoint" today reported income available to common shareholders of $256 million, or $0.40 per diluted share on a GAAP basis for the third quarter of 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason P. Wells was appointed as President and Chief Executive Officer at CENTERPOINT ENERGY INC.
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
Jason P. Wells, President and Chief Operating Officer of CenterPoint Energy, was appointed Chief Executive Officer and as a member of the Board of CenterPoint Energy, effective January 5, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David J. Lesar retired as Chief Executive Officer at CENTERPOINT ENERGY INC.
- Action
- retired
- Role
- Chief Executive Officer
Exact text from the filing
The Board announced the retirement of Mr. David J. Lesar from his positions as Chief Executive Officer and as a member of the Board of CenterPoint Energy, effective January 5, 2024.
View on SEC.gov
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