2024

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">In the latest financial disclosures, CenterPoint Energy Inc. (NYSE: CNP) unveiled its performance for the <a href="https://investors.centerpointenergy.com/news-releases/news-release-details/centerpoint-energy-reports-strong-q4-and-full-year-2023-results" target="_blank" aria-label="fourth quarter and the full year of 2023 (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">fourth quarter and the full year of 2023</a>, marking significant strides in its operational and financial metrics. </p> 
<p>CenterPoint Energy reported a robust quarter, underscoring the effectiveness of its strategic initiatives and operational efficiency. The company announced Q4 2023 earnings of $0.30 per <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="dofollow" class="deco-link">diluted share</a> on a GAAP basis, with non-GAAP earnings per diluted share at $0.32.</p> 
<p>This performance represents a 9% increase over the 2022 full-year non-GAAP EPS of $1.38. The full-year earnings for 2023 were also impressive, with a reported $1.37 per diluted share on a GAAP basis and $1.50 on a non-GAAP basis.</p> 
<p>These results were primarily fueled by growth and regulatory recovery, which contributed to a $0.05 per share increase and a one-time tax benefit that, along with other favorable earnings drivers, added another $0.06 per share. However, these gains were partially offset by an increase in <a href="https://tokenist.com/investing/how-do-interest-rates-affect-stocks/" rel="dofollow" class="deco-link">interest expense</a>, which had an adverse variance of $0.05 per share compared to Q4 2022.</p> 
<h3 id="centerpoint-energy-reports-revenue-and-eps-in-line-with-expectations-in-q4">CenterPoint Energy Reports Revenue and EPS in line with Expectations in Q4</h3> 
<p>Comparing the actual performance with market expectations, CenterPoint Energy’s Q4 2023 non-GAAP EPS of $0.32 aligned perfectly with analyst predictions of $0.32 EPS and slightly exceeded the anticipated revenue of $2.7 billion. This alignment indicates a solid operational standing and the company’s ability to meet market forecasts, even in a challenging economic environment. Despite increased interest expenses, the consistent growth in non-GAAP EPS underscores the company’s resilience and effective cost management strategies.</p> 
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<h3 id="guidance">Guidance</h3> 
<p>Looking ahead, CenterPoint Energy has reiterated its non-GAAP EPS guidance range for 2024 at $1.61-$1.63, projecting an 8% growth over the full-year 2023 non-GAAP EPS. This guidance reflects the company’s confidence in its long-term growth trajectory, supported by an increased 10-year capital plan amounting to $44.5 billion—a $600 million uplift through 2030. </p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/centerpoint-energys-2023-full-year-earnings-hit-1-50-non-gaap-eps-marking-steady-growth/">CenterPoint Energy (CNP) 2023 Full-Year Earnings Hit $1.50 Non-GAAP EPS</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

CenterPoint Energy (CNP) 2023 Full-Year Earnings Hit $1.50 Non-GAAP EPS

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