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Mar 31, 2021
CenterPoint Energy Q1 2021 Earnings Report
CenterPoint Energy reported strong Q1 2021 earnings driven by increasing strength of utility operations.
Key Takeaways
CenterPoint Energy reported income available to common shareholders of $334 million, or $0.56 per diluted share, for the first quarter of 2021. On a non-GAAP basis, first quarter 2021 earnings were $0.59 per diluted share.
Q1 2021 earnings were $0.56 per diluted share.
Non-GAAP earnings were $0.59 per diluted share, with $0.47 from utility operations.
Reaffirming 2021 Utility EPS guidance range of $1.24—$1.26 and reiterating 6%—8% Utility EPS annual growth rate target.
On path to deliver 10% compound annual rate base growth through $16 billion 5-year capital plan.
Forward Guidance
CenterPoint Energy reaffirms its 2021 Utility EPS guidance range of $1.24 - $1.26 and is on track to deliver on its industry-leading 10% compound annual rate base growth target.
Positive Outlook
- Reaffirming 2021 Utility EPS guidance range of $1.24 - $1.26.
- On path to deliver 10% compound annual rate base growth.
- Supported by current $16 billion 5-year capital plan.
- Organic customer growth of approximately 2% per year.
- Rollout of an industry-leading Net Zero ESG plan later this year.
Challenges Ahead
- Financial market and general economic conditions.
- Regulatory proceedings and actions and legal proceedings, including those related to the February 2021 winter storm event.
- Legislative decisions, including tax and developments related to the environment.
- The impact of the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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