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Dec 31, 2021
CenterPoint Energy Q4 2021 Earnings Report
CenterPoint Energy reported strong Q4 and full year earnings, exceeding expectations for seven consecutive quarters and achieving significant Utility EPS growth. The company executed strategic transactions and increased its capital plan, demonstrating a commitment to growth and value creation.
Key Takeaways
CenterPoint Energy reported Q4 2021 earnings of $1.01 per diluted share and non-GAAP utility EPS of $0.27. The company reaffirmed its non-GAAP EPS range for 2022 and reiterated its industry-leading non-GAAP EPS annual growth rate target.
Q4 2021 earnings were reported at $1.01 per diluted share.
Full year 2021 earnings reached $2.28 per diluted share.
Non-GAAP utility EPS for Q4 2021 was $0.27.
The company is on track to exit the remaining Energy Transfer stake well within the year-end 2022 target.
Forward Guidance
CenterPoint Energy reaffirmed its non-GAAP EPS range for 2022 at $1.36 - $1.38 and reiterated its industry-leading 8% non-GAAP EPS annual growth rate target for 2022 through 2024, with a mid-to-high end of the 6-8% range thereafter through 2030.
Positive Outlook
- Reaffirming non-GAAP EPS range for 2022 at $1.36 - $1.38
- Reiterating 8% non-GAAP EPS annual growth rate target for 2022 through 2024
- Targeting mid-to-high end of the 6-8% range thereafter through 2030
- Plan to exit the remaining Energy Transfer stake well within year end 2022 target
- Intending to invest $40+ billion in capital during our 10-year plan dedicated to growth, safety and resiliency, and clean enablement
Challenges Ahead
- Changes in accounting standards
- Impairments
- Other unusual items
- Changes in the value of Energy Transfer, ZENS and related securities
Historical Earnings Impact
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Avg. Return Before/After Earnings
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