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Jun 30, 2021
CenterPoint Energy Q2 2021 Earnings Report
CenterPoint Energy reported strong earnings in Q2 2021, driven by utility operations and midstream investments.
Key Takeaways
CenterPoint Energy reported income available to common shareholders of $221 million, or $0.37 per diluted share, for the second quarter of 2021. On a non-GAAP basis, second quarter 2021 earnings were $0.36 per diluted share. The company is raising its 2021 Utility EPS guidance range to $1.25-$1.27 per diluted share and reiterating 6% - 8% Utility EPS 5-year annual growth rate target.
Q2 2021 earnings were $0.37 per diluted share.
Non-GAAP earnings were $0.36 per diluted share, including $0.28 per diluted share from utility operations.
2021 Utility EPS guidance raised to $1.25 - $1.27.
Company is on path to deliver 10% compound annual rate base growth over 5 years through $16 billion 5-year capital plan.
CenterPoint Energy
CenterPoint Energy
Forward Guidance
CenterPoint Energy is raising its 2021 Utility EPS guidance range to $1.25-$1.27 per diluted share and reiterating 6% - 8% Utility EPS 5-year annual growth rate target.
Positive Outlook
- Raising 2021 Utility EPS guidance range to $1.25 - $1.27
- Reiterating 6% - 8% Utility EPS 5-year annual growth rate target
- On path to deliver 10% compound annual rate base growth over 5 years through $16 billion 5-year capital plan
- Additional investment opportunities from recent Texas legislative session
- Investing approximately $3.4 billion for the full year 2021
Challenges Ahead
- Performance of Enable and cash distributions from Enable are subject to risks and uncertainties.
- Integration of Vectren Corporation businesses poses risks.
- Financial market and general economic conditions can affect sales, prices, and costs.
- Regulatory and legal proceedings can have an impact.
- Weather variations and the ability to mitigate weather impacts are important.