CenterPoint Energy Q3: Misses On Earnings, But Keeps 2024-2025 Growth Target Strong

CenterPoint Energy, Inc. (NYSE:CNP) reported third-quarter sales of $1.856 billion, which missed the street view of $1.933 billion.

Adjusted EPS was $0.31, missing the consensus of $0.32. Adjusted EPS was $0.09 lower from the same period in 2023, owing to a $0.11 per share increase in operating and maintenance expenses linked to the first phase of the Greater Houston Resiliency Initiative.

Growth and regulatory recovery added $0.09 per share, but gains were offset by unfavorable usage ($0.02 per share) due to Hurricane Beryl outages and ...