NYSE$CNP

Centerpoint Energy Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

CenterPoint Energy reported Q2 2024 earnings, reaffirmed its 2024 earnings guidance, and provided an update on its response to Hurricane Beryl.

CenterPoint Energy reported income available to common shareholders of $228 million on a GAAP basis and $234 million on a non-GAAP basis, with earnings per diluted share of $0.36 on both a GAAP and non-GAAP basis for Q2 2024.

  • CenterPoint Energy reported Q2 2024 earnings and reaffirmed its 2024 earnings guidance.
  • The company provided an update on its response to Hurricane Beryl, outlining actions to improve emergency preparedness and customer communications.
  • CenterPoint's plan focuses on resiliency investments, best-in-class customer communications, and strengthened partnerships with government officials.
  • The company reported GAAP income available to common shareholders of $228 million and non-GAAP income of $234 million, with EPS of $0.36 on both bases.

Headline financials

Total Revenue

$1.91B

Previous: $1.88B+1.6%
EPS

$0.36

Previous: $0.28+28.6%
Capital Expenditures

-$812M

No prior period
Free Cash Flow

$228M

Previous: $118M+93.2%
Net Income

$228M

Previous: $118M+93.2%
Operating Income

$467M

Previous: $380M+22.9%
Gross Profit

$1.91B

Previous: $1.82B+4.8%
Cash & Equivalents

$66M

Previous: $214M-69.2%
Total Assets

$41B

Previous: $38.1B+7.6%

Revenue & EPS history

CenterPoint Energy · Revenue · Quarterly

$1.91B

Q2 2024+1.6%vs Q2 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

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

  • Natural Gas
    $1.1B
  • Electric
    $870M

Forward guidance

CenterPoint Energy reaffirmed its 2024 earnings guidance.

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 Q2 2024

Historical avgQ2 2024

-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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