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Mar 31, 2024

CenterPoint Energy Q1 2024 Earnings Report

CenterPoint Energy reported strong first quarter earnings, driven by growth and regulatory recovery, and reiterated its full year guidance.

Key Takeaways

CenterPoint Energy reported a GAAP EPS of $0.55 and non-GAAP EPS of $0.55 for Q1 2024. The company reiterated its 2024 non-GAAP EPS guidance range of $1.61-$1.63 and announced the filing of Houston Electric’s first Texas System Resiliency Plan.

Reported Q1 2024 GAAP earnings of $0.55 per diluted share.

Reported Q1 2024 non-GAAP EPS of $0.55.

Filed Houston Electric’s first Texas System Resiliency Plan with a potential opportunity of up to $500 million of incremental capital investment.

Reiterated 2024 non-GAAP EPS guidance range of $1.61-$1.63, representing 8% growth over full-year 2023.

Total Revenue
$2.62B
Previous year: $2.78B
-5.7%
EPS
$0.55
Previous year: $0.5
+10.0%
Gross Profit
$760M
Previous year: $998M
-23.8%
Cash and Equivalents
$637M
Previous year: $114M
+458.8%
Free Cash Flow
-$307M
Total Assets
$40.2B
Previous year: $37.8B
+6.5%

CenterPoint Energy

CenterPoint Energy

Forward Guidance

CenterPoint Energy reiterated its 2024 non-GAAP EPS guidance range of $1.61-$1.63, representing 8% growth over full-year 2023. The company also maintains non-GAAP EPS growth target through 2030 of the mid-to-high end of 6%-8% annually.