Apr. 24 at 11:41 AM
$CNP
CenterPoint Energy’s first-quarter adjusted EPS was 53 cents, missing the estimate of 54 cents and down from 55 cents year-over-year.
Total revenue for the quarter was
$2.92 billion, marking an 11% increase compared to the same quarter the previous year. This exceeded the revenue estimate of
$2.64 billion.
Natural Gas revenue fell significantly by 33% year-over-year to
$1.05 billion, missing the estimate of
$1.75 billion.
Electric revenue slightly increased by 1.6% year-over-year to
$1.07 billion, closely aligning with the estimate of
$1.08 billion.
The company maintained its full-year adjusted EPS guidance range of
$1.74 to
$1.76, with the midpoint representing an 8% growth over the full-year 2024 EPS.
CenterPoint Energy aims for non-GAAP EPS growth at the mid-to-high end of 6%-8% annually through to 2030.
