CenterPoint Energy, Inc. (CNP – Free Report) reported first-quarter 2017 earnings of 44 cents per share, beating the Zacks Consensus Estimate of 36 cents by 22.2%. Quarterly earnings were in line with the year-ago number.
While GAAP earnings in the reported quarter were 37 cents, the company had incurred a GAAP earnings of 32 cents in the year-ago quarter.
Revenues
CenterPoint Energy's total revenue in the reported quarter was $2,735 million, missing the Zacks Consensus Estimate of $2,321 million by 17.8%. Revenues were also 37.9% higher than $1,984 million reported a year ago.
Operational Results
Total expenses during the quarter increased 41.9% to $2,461 million.
The company's operating income increased 9.6% to $274 million from $250 million in the year-ago quarter.
Interest and other finance charges decreased to $78 million in the reported quarter from $87 million a year ago.
Segment Results
The Electric Transmission & Distribution segment reported operating income of $78 million during the first quarter, compared with $83 million in the year-ago quarter.
The Natural Gas Distribution segment reported operating income of $164 million, compared with $160 million in the year-ago quarter.
The Energy Services segment reported operating income of $20 million, compared with $15 million in the year-ago quarter.
CenterPoint Energy, Inc. Price, Consensus and EPS Surprise
CenterPoint Energy, Inc. Price, Consensus and EPS Surprise | CenterPoint Energy, Inc. Quote
