Updated Outlook
CenterPoint Energy, Inc. (CNP) has announced its non-GAAP guidance range for 2025, set at $1.74 to $1.76 per share. This midpoint represents an 8% growth from the expected 2024 midpoint, while the company continues to aim for a non-GAAP EPS growth rate between 6% and 8% annually through 2030. CenterPoint reiterated its 2024 non-GAAP EPS guidance range of $1.61 to $1.63 per share, which reflects an 8% growth over the full-year 2023 non-GAAP EPS at the midpoint.
Third Quarter Financial Performance
For the third quarter of 2024, CenterPoint Energy reported income attributable to shareholders at $193 million, translating to $0.30 per share on a GAAP basis, compared to $0.40 per share in the same quarter of 2023. On a non-GAAP basis, EPS came in at $0.31, down from $0.40 in the prior year. Analysts, as surveyed by Thomson Reuters, had anticipated earnings of $0.32 per share on average. It should be noted that these analyst estimates typically exclude special items.
