CenterPoint Energy Q3 Earnings Miss Estimates, Revenues Decline Y/Y
CenterPoint Energy(CNP) ZACKS·2024-10-28 21:36
CenterPoint Energy, Inc. (CNP) reported third-quarter 2024 adjusted earnings of 31 cents per share, which missed the Zacks Consensus Estimate of 36 cents by 13.9%. The bottom line also deteriorated 22.5% from the year-ago figure due to an increase in operating and maintenance expenses. This rise in expenses was due to the increased and accelerated activities under the first phase of the Greater Houston Resiliency Initiative. The company's GAAP earnings also came in at 30 cents per share, which declined 25% ...