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Sep 30, 2020
CenterPoint Energy Q3 2020 Earnings Report
CenterPoint Energy reported Q3 2020 earnings, with utilities leading the company's strong third-quarter performance and raising 2020 Utility EPS guidance.
Key Takeaways
CenterPoint Energy reported income available to common shareholders of $69 million, or $0.13 per diluted share, for the third quarter of 2020. On a guidance basis, third quarter 2020 earnings were $0.34 per diluted share.
Utilities led company with strong third quarter results
Raising 2020 Utility EPS guidance range to $1.12 - $1.20 and reiterating 5% - 7% Utility EPS guidance basis growth rate target
Third quarter 2020 GAAP results include after-tax non-cash impairment charges of $92 million or $0.15 per diluted share for the company's share of impairment charges recorded by Enable
Given the strength of results, the company is raising its 2020 guidance basis Utility EPS range to $1.12 - $1.20.
Forward Guidance
The company is raising its 2020 guidance basis Utility EPS range to $1.12 - $1.20 and reiterating 5% - 7% Utility EPS guidance basis growth rate target.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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