NYSE$CNP
Centerpoint Energy Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
CenterPoint Energy reported strong Q1 earnings, driven by regulatory recovery and reduced O&M expenses, while navigating headwinds from higher interest expense and mild winter weather.
CenterPoint Energy reported a positive start to 2023 with Q1 GAAP earnings of $0.49 per diluted share and non-GAAP earnings of $0.50 per diluted share. The company reaffirmed its 2023 non-GAAP EPS guidance range of $1.48-$1.50, representing an 8% growth over 2022.
- Q1 2023 GAAP earnings were $0.49 per diluted share.
- Q1 2023 non-GAAP EPS was $0.50, a 6% increase year-over-year.
- 2023 non-GAAP EPS guidance reaffirmed at $1.48-$1.50, reflecting 8% growth.
- Capital investments are on track, with over a quarter of the year's planned $3.6B already deployed.
Headline financials
Revenue & EPS history
CenterPoint Energy · Revenue · Quarterly
$2.78B
Revenue by segment
CenterPoint Energy · $1.97B total across 2 segments · Q4 2020
- Natural Gas$1.1B—55.9%
- Electric$870M—44.1%
Forward guidance
CenterPoint Energy reaffirmed its non-GAAP EPS guidance range for 2023 at $1.48 to $1.50, representing an 8% growth over 2022. The company is targeting 8% growth in non-GAAP EPS for 2024 and a growth rate in the mid-to-high end of 6%-8% annually thereafter through 2030.
Tailwinds
- Continued execution of long-term growth strategy.
- Targeting 8% growth in non-GAAP EPS in 2023 and 2024.
- Capital spending supports robust organic growth.
- Enhancements in safety and grid resiliency through capital investments.
- Addition of Chris Foster as CFO increases confidence in management team.
Headwinds
- Higher interest expense.
- Mild winter weather impacted earnings.
- Changes in accounting standards.
- Potential future impairments.
- Other unusual items that are not estimable.
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 2023
-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
| Quarter | Report date | Reaction (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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