CenterPoint Energy Earnings: Here’s Why the Stock is Up Now

CenterPoint Energy, Inc. (NYSE:CNP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.57%.

CenterPoint Energy, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 11.11% to $0.30 in the quarter versus EPS of $0.27 in the year-earlier quarter.

Revenue: Rose 24.2% to $1.89 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CenterPoint Energy, Inc. reported adjusted EPS income of $0.30 per share. By that measure, the company beat the mean analyst estimate of $0.26. It beat the average revenue estimate of $1.6 billion.

Quoting Management: “The most significant accomplishment this quarter was the closing of our midstream partnership with OGE Energy, Enable Midstream Partners,” said David M. McClanahan, president and chief executive officer of CenterPoint Energy. “Our financial results for the quarter include a number of one-time charges associated with its formation. While it will take some time to realize the full potential of this new venture we remain very excited about the future of this business. Our other businesses continue to show the benefits of our balanced portfolio with our gas distribution utilities reporting a strong quarter largely offsetting the impact of milder weather on our electric utility. Operational performance continues to be very good across all of our businesses.”

Key Stats (on next page)…

Revenue decreased 20.69% from $2.39 billion in the previous quarter. EPS decreased 3.23% from $0.31 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.35 to a profit $0.36. For the current year, the average estimate has moved down from a profit of $1.25 to a profit of $1.23 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]