CenterPoint Energy (CNP) Reports Q1 Loss Per Share of $2.44

CenterPoint Energy (NYSE: CNP) reported Q1 EPS of ($2.44), may not compare to the analyst estimate of $0.43. Revenue for the quarter came in at $2.17 billion versus the consensus estimate of $2.97 billion.

Earnings Outlook

To provide greater transparency on utility earnings, 2020 guidance will be presented in two components, a guidance basis Utility EPS range and a Midstream Investments EPS expected range.

• Reiterate 2020 guidance basis Utility EPS range of $1.10 - $1.20
• 2020 - 2024 target of 5 - 7% compound annual guidance basis Utility EPS growth, using the 2020 range of $1.10 - $1.20 as the starting EPS, assuming the COVID-19 scenario described below
• 2020 Midstream Investments EPS expected range is $0.15 - $0.18

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

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