NYSE$CNP

Centerpoint Energy Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

CenterPoint Energy reported strong Q4 and full year earnings, exceeding expectations for seven consecutive quarters and achieving significant Utility EPS growth. The company executed strategic transactions and increased its capital plan, demonstrating a commitment to growth and value creation.

CenterPoint Energy reported Q4 2021 earnings of $1.01 per diluted share and non-GAAP utility EPS of $0.27. The company reaffirmed its non-GAAP EPS range for 2022 and reiterated its industry-leading non-GAAP EPS annual growth rate target.

  • Q4 2021 earnings were reported at $1.01 per diluted share.
  • Full year 2021 earnings reached $2.28 per diluted share.
  • Non-GAAP utility EPS for Q4 2021 was $0.27.
  • The company is on track to exit the remaining Energy Transfer stake well within the year-end 2022 target.

Headline financials

Total Revenue

$2.31B

Previous: $2.05B+12.7%
EPS (adj)

$0.36

Previous: $0.29+24.1%
Net Income

$641M

Previous: $200M+220.5%
Operating Income

$336M

Previous: $285M+17.9%
Gross Profit

$799M

Previous: $718M+11.3%
Cash & Equivalents

$230M

Previous: $147M+56.5%
Total Assets

$37.7B

Previous: $33.5B+12.6%

Revenue & EPS history

CenterPoint Energy · Revenue · Quarterly

$2.31B

Q4 2021+12.7%vs Q4 2020
Beat estimate in 16 of 16 quarters(100%)
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 non-GAAP EPS range for 2022 at $1.36 - $1.38 and reiterated its industry-leading 8% non-GAAP EPS annual growth rate target for 2022 through 2024, with a mid-to-high end of the 6-8% range thereafter through 2030.

Tailwinds

  • Reaffirming non-GAAP EPS range for 2022 at $1.36 - $1.38
  • Reiterating 8% non-GAAP EPS annual growth rate target for 2022 through 2024
  • Targeting mid-to-high end of the 6-8% range thereafter through 2030
  • Plan to exit the remaining Energy Transfer stake well within year end 2022 target
  • Intending to invest $40+ billion in capital during our 10-year plan dedicated to growth, safety and resiliency, and clean enablement

Headwinds

  • Changes in accounting standards
  • Impairments
  • Other unusual items
  • Changes in the value of Energy Transfer, ZENS and related securities
  • Customer growth and usage including normal weather, throughput, recovery of capital invested, effective tax rates, financing activities and related interest rates, and regulatory and judicial proceedings

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 Q4 2021

Historical avgQ4 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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