CenterPoint Energy Reports 9% Earnings Growth

By Bobby Samwell • Tuesday, February 20 10:42 • Permanent Link

CenterPoint Energy, Inc. has reported strong financial results for the fourth quarter and full year of 2023, as well as an increase in its capital investment plan. The company's earnings per diluted share (GAAP) for Q4 2023 were $0.30, and for the full year 2023 were $1.37. Non-GAAP earnings per diluted share for Q4 2023 were $0.32 and $1.50 for the full year 2023, representing a 9% increase over the previous year.

Additionally, CenterPoint Energy has increased its 10-year capital plan through 2030 to $44.5 billion, which includes a $600 million increase through 2030. The company has reiterated its 2024 non-GAAP EPS guidance range of $1.61-$1.63, signifying an 8% growth over the full-year 2023 non-GAAP EPS.

Jason Wells, CEO of CenterPoint, expressed his enthusiasm and humility in leading the company into its next chapter. He stated, "The last few years have proven that our strategy is truly one of the best in the industry and that we have the ability to execute it at a high level. These latest quarter and full year 2023 results exemplify this point."

The company's shares have responded positively to the news, moving 0.9% to a price of $28.12.

The company's full 8-K submission is available here.

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