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Jun 30, 2022
CenterPoint Energy Q2 2022 Earnings Report
CenterPoint Energy reported an increase in non-GAAP EPS and raised full year earnings guidance.
Key Takeaways
CenterPoint Energy reported strong second quarter results with GAAP earnings of $0.28 per diluted share and non-GAAP earnings of $0.31 per diluted share. The company raised its full year 2022 non-GAAP EPS guidance to $1.37-$1.39, representing a 9% increase at the midpoint compared to 2021.
Reported Q2 2022 earnings of $0.28 and $0.31 per diluted share on a GAAP and non-GAAP basis, respectively
Full year 2022 non-GAAP EPS guidance increased to $1.37-$1.39, representing an increase of 9% at the midpoint compared to full year 2021
Reaffirming industry leading non-GAAP EPS growth of 8% annually for 2023 and 2024 and mid to high-end of the 6-8% annually range from 2025 through 2030
Capital spending on track for year with ~$2 billion invested as of the end of Q2 for the benefit of customers
Forward Guidance
CenterPoint Energy increased its full year 2022 non-GAAP EPS guidance to $1.37-$1.39 and reaffirmed its long-term non-GAAP EPS growth rate.
Positive Outlook
- Increased confidence around business performance.
- Strong performance of Houston Electric business.
- On track to meet $1.37-$1.39 non-GAAP EPS guidance for the full year 2022.
- Expect to be in a position to update investment plan on third quarter earnings call.
- Focused on incremental customer driven capital opportunities.
Challenges Ahead
- Changes in the value of ZENS and related securities.
- Future impairments.
- Other unusual items are not estimable.
- Difficult to predict various factors outside of management’s control.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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