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Centerpoint Energy Inc   (CNP)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities


 

Centerpoint Energy Inc

CNP's Financial Statements and Analysis



Centerpoint Energy Inc reported in the forth quarter of 2023 net earnings per share of $0.30 an increase by 63.1 % year on year from $0.19 and decline of -24.17 % from $0.40 earned in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 0.3 $  2,182 Mill
$+0.11     +63.1 % $-529M     -19.51 %



Centerpoint Energy Inc 's Revenue fell by -19.51 % in forth quarter of 2023 (Dec 31 2023) year on year, to $2,182 million and advanced by 17.31 % sequentially.


Centerpoint Energy Inc is

More on CNP's Income Statement



Centerpoint Energy Inc 's net income of $192.000 million in the forth quarter of 2023 increased by 43.28 % from net earnings of $134.000 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -31.91 % from net income of $282.000 million realized in previous quarter.

More on CNP's Growth




Centerpoint Energy Inc Inventories
Inventories declined by -18.26 % to $197.00 million from IV. Quarter a year ago, sequentially inventories rose by 42.75 %. In Dec 31 2023 company's net cash and cash equivalents decreased by $-29 million, capital expenditures grew by -1340-19.55%, to $-1,078 millions compare to same quarter a year ago

More on CNP's Cash flow Statement


Centerpoint Energy Inc payed out dividend of $0.73 per share in last 52 weeks representing 53.68 % of net earning per share in trailing twelve-month period.

During the same period Centerpoint Energy Inc earned $ 6.13 cash per share, on a free-cash flow basis 450.46 % of net earning per share.

Book value grew by 0.88 % sequentially to $15.28 per share, -41.42% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 8.70 per share from $ 8.57.

Company repurchased 0.15 million shares or 0.02 % in Dec 31 2023.
Debt Coverage Ratio was 0.06.

More on CNP's Dividends

 Market Capitalization (Millions) 17,682
 Shares Outstanding (Millions) 633
 Total Debt (Millions $) 18,435
 Revenue (TTM) (Millions $) 8,696
 Net Income (TTM) (Millions $) 917
 Cash Flow (TTM) (Millions $) 18
 Capital Exp. (TTM) (Millions $) -4,401
 Dividend TTM ($) 0.73 $
 Dividend Yield TTM (%) 2.86 %
 Employees (TTM) $ 12,901




Centerpoint Energy Inc payed out dividend of $0.73 per share in the last 52 weeks representing 53.68 % of net earning per share in trailing twelve-month period.

During the same period Centerpoint Energy Inc had $ 6.13 cash flow per share, on a free-cash flow basis 450.46 % of net earning per share.

Book value grew by 0.88 % sequentially to $15.28 per share, -41.42% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 8.70 per share from $ 8.57.

Company repurchased 0.15 million shares or 0.02 % in Dec 31 2023.
Debt Coverage Ratio was 0.06.

More on CNP's Balance Sheets

 Market Capitalization (Millions) 17,682
 Shares Outstanding (Millions) 633
 Total Debt (Millions $) 18,435
 Revenue (TTM) (Millions $) 8,696
 Net Income (TTM) (Millions $) 917
 Cash Flow (TTM) (Millions $) 18
 Capital Exp. (TTM) (Millions $) -4,401
 Dividend TTM ($) 0.73 $
 Dividend Yield TTM (%) 2.86 %
 Employees (TTM) $ 12,901
   


  News about Centerpoint Energy Inc Earnings

CenterPoint Energy Inc. Sees Strong Financial Performance Following Strategic Sale of Natural Gas Businesses



Houston-based utility company, CenterPoint Energy, Inc. (NYSE: CNP), recently announced the sale of its Louisiana and Mississippi natural gas local distribution company (LDC) businesses to Bernhard Capital Partners for $1.2 billion. This strategic move aims to optimize the company's portfolio, streamline operations, and provide financial leverage for future growth. As a result, CenterPoint Energy reported positive financial results for the fiscal year ending December 31, 2023.
Financial Performance and Results:
Despite experiencing a decrease in revenue by -19.513% to $2.18 billion year-on-year, CenterPoint Energy saw its income per share increase by 63.1% to $0.30. Comparatively, the previ...

Centerpoint Energy Inc's Remarkable Profit Surges 33.33% Despite Declining Revenue

Centerpoint Energy Inc, a leading energy deliv...

Centerpoint Energy Inc Reports Slight Revenue Decline of -3.549% in Recent Fiscal Period Amidst Industry Growth



Centerpoint Energy Inc, an electric utility company, has witnessed a 2.19% increase in its stock value over the past 3 months and a significant 30.55% increase over the past 12 months. However, despite these positive figures, a closer look at the company's recent financial results reveals some challenges. This article explores the implications of these findings and raises questions about the future direction of Centerpoint Energy Inc.
Financial Performance Analysis:
1. Declining Earnings per Share (EPS): Centerpoint Energy Inc's EPS dropped by -39.29% to $0.17 per share compared to $0.28 in the previous year. This decline raises concerns about the company's profitability and its ability to ...


Date modified: 2024-02-20T15:59:00+00:00





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