earnings
confidence high
sentiment positive
materiality 0.75
CenterPoint Q1 non-GAAP EPS $0.55, up 10% YoY; reaffirms 2024 guidance; files Texas resiliency plan
CENTERPOINT ENERGY INC
2024-Q1 EPS reported
$0.55
revenue$2,620,000,000
- Q1 2024 GAAP and non-GAAP EPS $0.55 vs $0.49 in Q1 2023, a 10% increase.
- Reaffirms 2024 non-GAAP EPS guidance $1.61-$1.63 (8% YoY growth).
- Filed first Texas System Resiliency Plan; potential $500M incremental capital; $2.2B-$2.7B over 3 years.
- Growth drivers: regulatory recovery +$0.09, weather +$0.02; offset by higher financing costs -$0.04 and O&M -$0.02.