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Jun 30, 2024

CenterPoint Energy Q2 2024 Earnings Report

CenterPoint Energy reported Q2 2024 earnings, reaffirmed its 2024 earnings guidance, and provided an update on its response to Hurricane Beryl.

Key Takeaways

CenterPoint Energy reported income available to common shareholders of $228 million on a GAAP basis and $234 million on a non-GAAP basis, with earnings per diluted share of $0.36 on both a GAAP and non-GAAP basis for Q2 2024.

CenterPoint Energy reported Q2 2024 earnings and reaffirmed its 2024 earnings guidance.

The company provided an update on its response to Hurricane Beryl, outlining actions to improve emergency preparedness and customer communications.

CenterPoint's plan focuses on resiliency investments, best-in-class customer communications, and strengthened partnerships with government officials.

The company reported GAAP income available to common shareholders of $228 million and non-GAAP income of $234 million, with EPS of $0.36 on both bases.

Total Revenue
$1.91B
Previous year: $1.88B
+1.6%
EPS
$0.36
Previous year: $0.28
+28.6%
Gross Profit
$608M
Previous year: $859M
-29.2%
Cash and Equivalents
$559M
Previous year: $214M
+161.2%
Free Cash Flow
-$236M
Total Assets
$41B
Previous year: $38.1B
+7.6%

CenterPoint Energy

CenterPoint Energy

Forward Guidance

CenterPoint Energy reaffirmed its 2024 earnings guidance.