CenterPoint Energy Third Quarter 2024 Earnings: Revenues Disappoint

CenterPoint Energy (NYSE:CNP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.86b (flat on 3Q 2023).
• Net income: US$193.0m (down 25% from 3Q 2023).
• Profit margin: 10% (down from 14% in 3Q 2023).
• EPS: US$0.30 (down from US$0.41 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CenterPoint Energy Revenues Disappoint

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Integrated Utilities industry in the US.

Performance of the American Integrated Utilities industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for CenterPoint Energy (of which 1 makes us a bit uncomfortable!) you should know about.

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