CenterPoint Energy reports Q3 non-GAAP EPS 40c, consensus 35c

“This quarter is another great example of this management team meeting or exceeding expectations while continuing to demonstrate that there’s still potential for additional incremental earnings power,” said Dave Lesar, CEO. “Heading into the final quarter of 2023 and looking to 2024, we are anticipating continued headwinds of higher interest rates and persistent inflation but will continue to manage through these conditions, targeting an earnings growth rate that is amongst the top in the sector. This includes an 8% non-GAAP EPS growth target for 2024, and mid-to-high end of 6-8% growth target annually thereafter through 2030. We are pleased to announce yet another increase to our customer-driven 10-year capital plan by an incremental $500M through 2030. This will include approximately $200M in 2023 and approximately $300M in 2024 and 2025. As stated in prior quarters, we will incorporate incremental capital when we believe we can operationally execute it, efficiently fund it, and effectively recover it. Our focus continues to be on delivering industry leading growth each and every year, while over-delivering for our customers, investors, and other stakeholders.”