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Dec 31, 2023
CenterPoint Energy Q4 2023 Earnings Report
CenterPoint Energy reported strong Q4 2023 results driven by growth and regulatory recovery, as well as a one-time tax benefit.
Key Takeaways
CenterPoint Energy reported Q4 2023 GAAP earnings of $0.30 per diluted share and non-GAAP EPS of $0.32, a 14% increase compared to the same quarter in 2022. The strong results were primarily driven by growth and regulatory recovery, along with a one-time tax benefit, which were partially offset by increased interest expense.
Q4 2023 GAAP earnings were $0.30 per diluted share.
Q4 2023 non-GAAP EPS was $0.32, a 14% increase year-over-year.
Growth and regulatory recovery contributed $0.05 per share of favorability.
A one-time tax benefit and other favorable earnings drivers contributed $0.06 per share.
Forward Guidance
CenterPoint Energy reiterated its 2024 non-GAAP EPS guidance range of $1.61-$1.63, representing 8% growth over full-year 2023 non-GAAP EPS, and maintains non-GAAP EPS growth targets of 8% for 2024 and the mid-to-high end of 6%-8% annually thereafter through 2030.
Positive Outlook
- Reiterated 2024 non-GAAP EPS guidance range of $1.61-$1.63.
- Guidance represents 8% growth over full-year 2023 non-GAAP EPS.
- Maintains non-GAAP EPS growth targets of 8% for 2024.
- Long-term growth rate of mid-to-high end of 6%-8% annually thereafter through 2030.
- Capital investments will drive earnings growth.
Challenges Ahead
- Changes in accounting standards could have a material impact on GAAP reported results.
- Impairments could have a material impact on GAAP reported results.
- Unusual items could have a material impact on GAAP reported results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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