Earnings release
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CenterPoint® Energy For more information contact Media : Communications Media . Relations@CenterPointEnergy.com Investors : Philip Holder / Jackie Richert Phone 713.207.6500 CenterPoint Energy reports strong Q3 2021 earnings results Q3 2021 earnings of $ 0.32 per diluted share ; $ 0.33 per diluted share on a non - GAAP basis , including results from utility operations of $ 0.25 per diluted share and $ 0.08 from midstream investments reported under discontinued operations Raising 2021 non - GAAP Utility EPS guidance ( “ Utility EPS " ) range , for the 3rd time this year , to $ 1.26 $ 1.28 Utility EPS guidance range for 2022 raised to $ 1.36 - $ 1.38 . Reiterating 8 % Utility EPS annual growth rate target for 2022 through 2024 Houston - November 4 , 2021 - CenterPoint Energy , Inc. ( NYSE : CNP ) today reported income available to common shareholders of $ 195 million , or $ 0.32 per diluted share , for the third quarter of 2021 , compared to income available to common shareholders of $ 69 million , or $ 0.13 per diluted share , for the third quarter of 2020 . On a non - GAAP basis , third quarter 2021 earnings were $ 0.33 per diluted share , with $ 0.25 per diluted share from utility operations , and $ 0.08 per diluted share from midstream investments which is reported under discontinued operations . This compared to $ 0.29 per diluted share from utility operations and $ 0.05 per diluted share from midstream investments in the third quarter of 2020. Both quarters included some one - time items . The third quarter of 2020 included a CARES Act benefit and unfavorable COVID - related impacts . Third quarter 2021 results include one - time costs related to our recent board - implemented governance changes and unfavorable weather and usage . 1 " CenterPoint's year - to - date financial performance in 2021 has been strong , " said Dave Lesar , President and Chief Executive Officer of CenterPoint Energy . " We continue to see the benefits of organic growth throughout our service territories combined with capital investments and O & M discipline which together are driving favorable earnings . As a result , we are raising our full year 2021 Utility EPS guidance again this quarter to a range of $ 1.26- $ 1.28 per diluted share . This is the 3rd Utility EPS guidance raise this year , demonstrating our confidence in our underlying business . With the latest increase in 2021 Utility EPS guidance , our corresponding expectations for 2022 Utility EPS will now also increase to $ 1.36 - $ 1.38 per diluted share . " Lesar added , " At our Analyst Day in September , we increased our 5 - year capital plan to over $ 18 billion dollars and introduced our first ever 10 - year capital plan of over $ 40 billion . This capital investment will be dedicated to safety , reliability , growth and enabling clean energy investments to benefit our customers and our investors . This includes opportunities from the recent legislative session in Texas . The increased level of capital is expected to support an annual Utility EPS growth target of 8 % in 2022 through 2024 , and the mid to high end of our 6-8 % range each year after that through 2030. "