CenterPoint Energy (NYSE: CNP) reported Q3 EPS of $0.34, $0.04 better than the analyst estimate of $0.30. Revenue for the quarter came in at $1.62 billion versus the consensus estimate of $1.72 billion.

• 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

“During our Investor Day, we will highlight our updated long-term annual rate base growth projection of approximately 10%. This rate base growth is central to our strategy to deliver consistent year-over-year earnings growth to investors and improve service to our customers. The projected additional capital expenditures driving this 10% annual rate base growth not only put us in a position to reiterate our 5% - 7% five-year guidance basis Utility EPS annual growth target, but gives us confidence in being able to deliver results at the top end of that range. I remain greatly energized about CenterPoint Energy’s future and will continue to work tirelessly to drive maximum value for all of our stakeholders.”

GUIDANCE:

CenterPoint Energy sees FY2020 EPS of $1.12-$1.20, versus the consensus of $1.30.

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