CenterPoint Energy Earnings: Everything You Must Know Now

CenterPoint Energy, Inc. (NYSE:CNP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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CenterPoint Energy, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 14.81% to $0.31 in the quarter versus EPS of $0.27 in the year-earlier quarter.

Revenue: Decreased 0.33% to $2.14 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CenterPoint Energy, Inc. reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.21. It missed the average revenue estimate of $2.42 billion.

Quoting Management: “CenterPoint Energy’s 2012 financial results highlight the strength of our balanced energy delivery business portfolio,” said David M. McClanahan, president and chief executive officer of CenterPoint Energy. “Our regulated electric and gas utilities continue to benefit from strong service territories, timely rate recovery mechanisms and effective expense management. Our midstream and energy services businesses performed well given the current market environment of low natural gas prices and minimal geographic price differentials. We continue to look for opportunities to invest in each of our businesses where we believe we can create value for our shareholders.”

Key Stats (on next page)…

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