CenterPoint Energy (CNP) Misses Q2 EPS by 2c, Revenues Beat; Offers FY18 EPS Guidance

CenterPoint Energy (NYSE: CNP) reported Q2 EPS of $0.30, $0.02 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $2.19 billion versus the consensus estimate of $2.11 billion.

"Our businesses, including our midstream investments, performed well and as expected this quarter. We remain on track to achieve the high end of our guidance range," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. "At the same time, we are making solid progress on the approvals and conditions to close our pending merger with Vectren in the first quarter of 2019."

GUIDANCE:

CenterPoint Energy sees FY2018 EPS of $1.50-$1.60, versus the consensus of $1.60.

For earnings history and earnings-related data on CenterPoint Energy (CNP) click here.

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