Centerpoint Energy, Inc. (CNP) Tops Q1 EPS by 12c; Raises Outlook

Centerpoint Energy, Inc. (NYSE: CNP) reported Q1 EPS of $0.43, $0.12 better than the analyst estimate of $0.31. Revenue for the quarter came in at $3.16 billion versus the consensus estimate of $2.28 billion.

"This was an excellent quarter for CenterPoint Energy. Our utilities and energy services businesses met the high delivery requirements driven by continued strong customer growth and cold weather throughout our service territories," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. "We also reported significant equity income during the quarter from our investment in Enable Midstream Partners, which completed its IPO in April. We will continue to execute our strategy in a disciplined fashion and remain focused on achieving our financial, operational, safety and customer service objectives."

CenterPoint Energy is increasing its earnings estimate for 2014 Utility Operations to be in the range of $0.72 to $0.76 from $0.68 to $0.72 per diluted share. On a consolidated basis, CenterPoint Energy has increased its earnings estimate for 2014 on a guidance basis to be in the range of $1.10 to $1.19 from $1.08 to $1.17 per diluted share.

For earnings history and earnings-related data on Centerpoint Energy, Inc. (CNP) click here.

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