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CenterPoint Energy reports Q4 and FY 2024 results; forecasts nearly 50% electric load growth demand at Houston Electric by 2031; increases capital investment plan; reiterates 2025 full year guidance

1. CNP Q4 2024 GAAP EPS rose to $0.38 from $0.30; growth and regulatory factors drove results. 2. Non‐GAAP EPS increased 25% to $0.40, signaling stronger performance compared to Q4 2023.

+0.09%Current Return
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-1.68%S&P 500
$34.0902/20 06:36 AM EDTEvent Start

$34.1202/21 01:25 PM EDTLatest Updated
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FAQ

Why Bullish?

The significant EPS beat and 25% non-GAAP improvement indicate robust financial health, which historically has led to positive market reactions in utilities. Similar earnings surprises in the sector (e.g., Duke Energy, Southern Company) have spurred short-term rallies.

How important is it?

The report's marked improvement in EPS and clear growth drivers are key factors likely to influence near-term investor sentiment and trading volumes.

Why Short Term?

Quarterly earnings reports typically impact stock prices immediately; while the fundamentals strengthen long-term outlook, the immediate reaction is more pronounced.

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HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today reported income available to common shareholders of $248 million, or $0.38 per diluted share on a GAAP basis for the fourth quarter of 2024, compared to $0.30 per diluted share in the comparable period of 2023. Non-GAAP EPS for the fourth quarter 2024 was $0.40 per diluted share, a 25% increase to the comparable quarter of 2023. These strong fourth quarter results were primarily driven by growth and regulatory.

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