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Jun 30, 2023

CenterPoint Energy Q2 2023 Earnings Report

CenterPoint Energy reported strong earnings, reaffirmed its 2023 guidance, and increased its 2023 capital plan.

Key Takeaways

CenterPoint Energy reported GAAP earnings of $0.17 per diluted share and non-GAAP earnings of $0.28 per diluted share for Q2 2023. The company increased its 2023 capital plan by $400 million to $4 billion and reaffirmed its non-GAAP EPS guidance range for 2023 at $1.48-$1.50.

Reported GAAP earnings of $0.17 per diluted share for Q2 2023.

Reported non-GAAP earnings per diluted share of $0.28 for Q2 2023.

Increased 2023 capital plan by $400 million to $4 billion.

Reaffirmed non-GAAP EPS guidance range for 2023 at $1.48-$1.50.

Total Revenue
$1.88B
Previous year: $1.94B
-3.5%
EPS
$0.28
Previous year: $0.31
-9.7%
Gross Profit
$859M
Previous year: $813M
+5.7%
Cash and Equivalents
$214M
Previous year: $555M
-61.4%
Total Assets
$38.1B
Previous year: $36.2B
+5.2%

CenterPoint Energy

CenterPoint Energy

Forward Guidance

CenterPoint Energy reaffirmed its non-GAAP EPS guidance range for 2023 at $1.48-$1.50, representing 8% growth over 2022 results at the midpoint, and reiterated growth targets of 8% for 2024 and the mid-to-high end of 6%-8% annually thereafter, through 2030.