Free Post Earnings Research Report: CenterPoint Energy’s Quarterly Earnings Advanced 48.65%

Stock Monitor: Chesapeake Utilities Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 08, 2018 / If you want access to our free earnings report on CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CNP. On May 04, 2018, CenterPoint reported financial results for the first quarter of 2018 ending March 31, 2018. The Company surpassed analysts’ estimates for earnings as well as revenue in Q1 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, CenterPoint Energy most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

CenterPoint’s total revenues reached $3.16 billion for Q1 FY18, reflecting an increase of 15.36% from $2.74 billion in Q1 FY17. The reported revenue number exceeded analysts’ consensus estimates of $2.75 billion. In the quarter under review, the Company’s utility revenue advanced 22.51% to $1.89 billion on a y-o-y basis, while non-utility revenues increased 6.06% to $1.26 billion on a y-o-y basis.

During Q1 FY18, CenterPoint’s total expenses were $2.90 billion, 18.82% higher than $2.44 billion in Q1 FY17. The Company’s utility natural gas expenses jumped 41.56% to $637 million on a y-o-y basis, while non-utility expenses advanced 12.75% to $1.27 billion in Q1 FY18 on a y-o-y basis. CenterPoint’s operating income fell 13.75% to $251 million in the reported quarter from $291 million in the previous year’s same quarter.

CenterPoint’s net income for the quarter ending March 31, 2018, was $165 million, a decrease of 14.06% from $192 million in the same period in the previous year. The Company’s diluted earnings per share (DEPS) also fell 13.64% to $0.38 in the reported quarter from $0.44 in the year-ago corresponding quarter. On a guidance basis, CenterPoint’s earnings were $0.55 per diluted share in Q1 FY18, up 48.65% from $0.37 per diluted share in Q1 FY17. CenterPoint’s reported quarter earnings exceeded analysts’ consensus estimates of $0.44 per share.

CenterPoint Energy’s Segment Details

During Q1 FY18, the Electric Transmission & Distribution segment’s revenues were $751 million, up 17.53% on a y-o-y basis. This segment had an operating income of $115 million in Q1 FY18 compared to $86 million in Q1 FY17, reflecting an increase of 33.72%.

The Natural Gas Distribution segment reported revenues of $1.15 billion in Q1 FY18, an increment of 25.87% from $916 million in Q1 FY17. This segment had an operating income of $156 million in the quarter under review, a decline of 7.14% from $168 million in the previous year’s comparable quarter.

For Q1 FY18, the Energy Services segment generated revenues of $1.29 billion,7.44% higher than the year ago same quarter. This segment had an operating loss of $26 million in Q1 FY18 compared to operating income of $35 million in Q1 FY17.

Other Operations’ revenues were $4 million in Q1 FY18, same as in the previous year’s same quarter. Other operations had an operating income of $6 million in the reported quarter compared to $2 million in the year ago corresponding quarter.

Cash Matters

CenterPoint had cash and cash equivalents of $219 million as on March 31, 2018, 15.77% lower than the $260 million as on December 31, 2017. The Company had a long-term debt of $8.18 billion at the end of Q1 FY18, a slight decrease of 0.23% from $8.20 billion as on December 31, 2017.

CenterPoint’s net cash flow from operating activities for the three months ending March 31, 2018, was $484 million, up 52.68% from $317 million in the same period last year. The Company spent $331 million on investing activities in the reported quarter, 11.02% lower than $372 million in the prior year’s same quarter.

Outlook

For full year 2018, CenterPoint expects to generate EPS in the higher end of its previously guided range of $1.50 to $1.60. This excludes one-time costs associated with the proposed Vectren merger. Also, the guidance is inclusive of Enable’s net income guidance of $375 million to $445 million announced on Enable Midstream’s first quarter earnings call on May 02, 2018.

Stock Performance Snapshot

June 07, 2018 – At Thursday’s closing bell, CenterPoint Energy’s stock slightly rose 0.79%, ending the trading session at $25.41.

Volume traded for the day: 3.01 million shares.

After yesterday’s close, CenterPoint Energy’s market cap was at $11.16 billion.

Price to Earnings (P/E) ratio was at 16.92.

The stock has a dividend yield of 4.37%.

The stock is part of the Utilities sector, categorized under the Gas Utilities industry. This sector was up 0.2% at the end of the session.

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