CenterPoint Energy Reports Full-Year 2019 Earnings of $1.33 Per Diluted Share; $1.79 Earnings Per Diluted Share on a Guidance Basis, Excluding Certain Vectren Merger Impacts and Impairment Charges

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Go back to CenterPoint Energy Reports Full-Year 2019 Earnings of $1.33 Per Diluted Share; $1.79 Earnings Per Diluted Share on a Guidance Basis, Excluding Certain Vectren Merger Impacts and Impairment Charges

CenterPoint Energy (CNP) Tops Q4 EPS by 9c, Revenues Miss; Offers FY20 EPS Outlook

February 27, 2020 6:33 AM EST

CenterPoint Energy (NYSE: CNP) reported Q4 EPS of $0.45, $0.09 better than the analyst estimate of $0.36. Revenue for the quarter came in at $3.23 billion versus the consensus estimate of $3.8 billion.

I am very pleased with our 2019 results, driven by strong utility performance, primarily as a result of customer growth and disciplined cost management, as well as favorable weather and tax related outcomes, said John W. Somerhalder II, interim president and chief executive officer of CenterPoint Energy. The recently announced agreements to sell our Energy Services and Infrastructure Services businesses will further sharpen the companys focus on our... More