CenterPoint Energy (CNP) Tops Q1 EPS by 11c, Beats on Revenues; Offers FY18 EPS Outlook

CenterPoint Energy (NYSE: CNP) reported Q1 EPS of $0.55, $0.11 better than the analyst estimate of $0.44. Revenue for the quarter came in at $3.16 billion versus the consensus estimate of $2.64 billion

Earnings Outlook

CenterPoint Energy anticipates achieving the high end of the $1.50 - $1.60 guidance range for 2018, excluding one-time costs associated with the proposed Vectren merger. This guidance is inclusive of Enable\'s net income guidance of $375 million - $445 million announced on Enable Midstream\'s first quarter earnings call on May 2, 2018. The guidance range assumes ownership of 54.0 percent of the common units representing limited partner interests in Enable Midstream and includes the amortization of CenterPoint Energy\'s basis differential in Enable Midstream and effective tax rates. CenterPoint Energy does not include other potential Enable Midstream impacts on guidance, such as any changes in accounting standards or unusual items.

GUIDANCE:

CenterPoint Energy sees FY2018 EPS of $1.50-$1.60, versus the consensus of $1.56.

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

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