NYSE$CNP

Centerpoint Energy Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

CenterPoint Energy reported strong Q1 2021 earnings driven by increasing strength of utility operations.

CenterPoint Energy reported income available to common shareholders of $334 million, or $0.56 per diluted share, for the first quarter of 2021. On a non-GAAP basis, first quarter 2021 earnings were $0.59 per diluted share.

  • Q1 2021 earnings were $0.56 per diluted share.
  • Non-GAAP earnings were $0.59 per diluted share, with $0.47 from utility operations.
  • Reaffirming 2021 Utility EPS guidance range of $1.24—$1.26 and reiterating 6%—8% Utility EPS annual growth rate target.
  • On path to deliver 10% compound annual rate base growth through $16 billion 5-year capital plan.

Headline financials

Total Revenue

$2.55B

Previous: $2.17B+17.5%
EPS (adj)

$0.59

Previous: $0.65-9.2%
Free Cash Flow

$363M

Previous: -$1.2B+130.3%
Net Income

$363M

Previous: -$1.2B+130.3%
Operating Income

$453M

Previous: $217M+108.8%
Gross Profit

$2.51B

Previous: $2.1B+19.2%
Cash & Equivalents

$146M

Previous: $220M-33.6%
Total Assets

$35.9B

Previous: $33.4B+7.5%

Revenue & EPS history

CenterPoint Energy · Revenue · Quarterly

$2.55B

Q1 2021+17.5%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

CenterPoint Energy · $1.97B total across 2 segments · Q4 2020

  • Natural Gas
    $1.1B
  • Electric
    $870M

Forward guidance

CenterPoint Energy reaffirms its 2021 Utility EPS guidance range of $1.24 - $1.26 and is on track to deliver on its industry-leading 10% compound annual rate base growth target.

Tailwinds

  • Reaffirming 2021 Utility EPS guidance range of $1.24 - $1.26.
  • On path to deliver 10% compound annual rate base growth.
  • Supported by current $16 billion 5-year capital plan.
  • Organic customer growth of approximately 2% per year.
  • Rollout of an industry-leading Net Zero ESG plan later this year.

Headwinds

  • Financial market and general economic conditions.
  • Regulatory proceedings and actions and legal proceedings, including those related to the February 2021 winter storm event.
  • Legislative decisions, including tax and developments related to the environment.
  • The impact of the COVID-19 pandemic.
  • Weather variations and CenterPoint Energy’s ability to mitigate weather impacts, including impacts from the February 2021 winter storm event.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.0%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.2%

Avg return

30 days after

49%

36 / 73 earnings

Positive

+16.3%

Q1 2020

Best reaction

-6.6%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.5%+2.4%+1.7%
Q4 2025-0.2%+2.1%+0.2%
Q3 2025-1.1%-1.3%-1.2%
Q2 2025-0.5%-1.1%-1.0%
Q1 2025+1.6%+2.4%+0.6%
Q4 2024-0.1%+3.1%+6.6%
Q3 2024+0.4%-2.5%+11.4%
Q2 2024-4.9%-7.3%-7.2%
Q1 2024+0.3%+0.8%+1.8%
Q4 2023+1.4%+0.1%+0.4%
Q3 2023-2.8%-2.1%+1.7%
Q2 2023-3.5%-5.5%-9.6%
Q1 2023+0.4%-1.0%-6.6%
Q4 2022-0.5%-0.7%+0.0%
Q3 2022-1.7%-0.5%+8.5%
Q2 2022+0.2%-0.5%+1.0%
Q1 2022+3.7%+1.7%+6.2%
Q4 2021-0.5%+2.9%+11.9%
Q3 2021+1.4%+0.9%+2.5%
Q2 2021+3.0%+3.6%+0.9%
Q1 2021+0.9%-1.3%+4.6%
Q4 2020-6.6%-6.0%+5.6%
Q3 2020+6.0%+11.8%+6.0%
Q2 2020+7.3%+8.4%+4.5%
Q1 2020+16.3%+11.3%+14.2%
Q4 2019-4.4%-6.4%-51.5%
Q3 2019+0.0%-2.9%-13.0%
Q2 2019-3.6%-3.8%-1.2%
Q1 2019-2.6%-2.2%-5.4%
Q4 2018-3.2%-3.2%-1.5%
Q3 2018-0.7%-0.4%+0.2%
Q2 2018+0.6%+0.5%-1.1%
Q1 2018+4.9%+3.5%+1.1%
Q4 2017+5.7%+3.9%+1.0%
Q3 2017-0.1%+0.7%-0.7%
Q2 2017+1.3%+3.1%+5.2%
Q1 2017-0.4%-1.6%+3.2%
Q4 2016+3.4%+4.1%+2.7%
Q3 2016+4.8%+3.0%+6.9%
Q2 2016-3.8%-4.0%-4.1%
Q1 2016+1.5%
Q4 2015-2.7%
Q3 2015-6.5%
Q2 2015+1.1%
Q1 2015-3.3%
Q4 2014-3.6%
Q3 2014+1.2%
Q2 2014-0.3%
Q1 2014-1.9%
Q4 2013-2.6%
Q3 2013+1.9%
Q2 2013+1.2%
Q1 2013+0.0%
Q4 2012+3.5%
Q3 2012-5.1%
Q2 2012+1.2%
Q1 2012-0.8%
Q4 2011+4.5%
Q3 2011+0.3%
Q2 2011-4.0%
Q1 2011+0.4%
Q4 2010+1.6%
Q3 2010+0.9%
Q2 2010+2.4%
Q1 2009-3.2%
Q1 2010-3.2%
Q4 2007-3.5%
Q4 2009-3.5%
Q3 2008-0.9%
Q3 2009-0.9%
Q2 2009+0.3%
Q4 2008+0.3%
Q2 2008+0.3%

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