CenterPoint Energy Q3 GAAP EPS $0.30 vs $0.40 YoY; reiterates 2024 guidance

CENTERPOINT ENERGY INC

2024-Q3 EPS reported $1.20 revenue$6,381,000,000

GAAP EPS $0.30, non-GAAP EPS $0.31; Q3 2023 GAAP EPS was $0.40.
Reaffirms 2024 non-GAAP EPS guidance $1.61-$1.63; initiates 2025 guidance $1.74-$1.76 (8% growth at midpoint).
EPS decline primarily driven by $0.11/share O&M increase from Greater Houston Resiliency Initiative Phase I.
Growth and regulatory recovery contributed $0.09/share favorability; offset by Hurricane Beryl outages and unfavorable weather.
CEO highlights progress on Houston electric grid resiliency; Phase II of initiative underway.

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