CenterPoint Energy (CNP) Misses Q1 EPS by 6c, Maintains Guidance

CenterPoint Energy (NYSE: CNP) reported Q1 EPS of $0.46, $0.06 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $3.53 billion versus the consensus estimate of $3.89 billion.

• Company reiterates 2019 EPS guidance, 2020 EPS guidance and 5-year guidance basis EPS growth target

Earnings Outlook

• 2018 - 2023 target of 5 - 7% compound annual guidance basis EPS growth, using $1.60 as the starting EPS
• 2019 guidance basis EPS range of $1.60 - $1.70, excluding certain impacts associated with the merger:
• Integration and transaction-related fees and expenses, including severance and other costs to achieve the anticipated cost savings as a result of the merger
• Merger financing impacts in January, prior to the completion of the merger, due to the issuance of debt and equity securities to fund the merger that resulted in higher net interest expense and higher common stock share count
• 2020 guidance basis EPS range of $1.75 - $1.90

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

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