CenterPoint Energy Q2 2021 Earnings Report
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.