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CenterPoint Energy, Inc. (CNP - Free Report) reported fourth-quarter 2021 adjusted earnings of 36 cents per share, which surpassed the Zacks Consensus Estimate of 31 cents by 13.9%. The bottom line also improved 24.1% from the year-ago quarter’s figure.
In the fourth quarter, CenterPoint Energy registered GAAP earnings of $1.01 per share compared with 27 cents recorded in the prior-year quarter.
CenterPoint Energy reported earnings per share (EPS) of $1.64 for full-year 2021, which increased 17.1% from $1.40 reported in 2020 and also beat the Zacks Consensus Estimate of $1.50 by 9.3%.
Revenues
In 2021, CNP generated sales worth $8.35 billion, up 12.6% from the year-ago figure. Sales beat the Zacks Consensus Estimate of $8.17 billion by 2.2%.
CenterPoint Energy, Inc. Price, Consensus and EPS Surprise
Total expenses during 2021 escalated 9.6% to $6,989 million.
The company’s operating income surged 31.2% year over year to $1,363 million in the quarter.
Interest expense and other finance charges increased to $508 million from $501 million in the year-ago quarter.
Financial Condition
As of Dec 31, 2021, CenterPoint Energy had cash and cash equivalents of $230 million, up from $147 million as of Dec 31, 2020.
Total long-term debt was $15,558 million as of Dec 31, 2021 compared with $11,521 million as of Dec 31, 2020.
CNP’s net cash flow from operating activities was $22 million in 2021 compared with $1,995 million in the year-ago period.
Further, CenterPoint Energy’s total capital expenditure was $3,164 million in 2021, up from $2,596 million in the year-ago period.
2022 Guidance
CenterPoint Energy reaffirmed its 2022 earnings guidance. CNP currently expects to generate EPS in the range of $1.36-$1.38. The Zacks Consensus Estimate for 2022 earnings is pegged at $1.41 per share, which is more than the guided range.
Hawaiian Electric Industries, Inc. (HE - Free Report) reported EPS of 50 cents for the fourth quarter of 2021, which surpassed the Zacks Consensus Estimate of 45 cents by 11.1%. The bottom line also improved 8.7% from 46 cents per share in the prior-year quarter.
The Zacks Consensus Estimate for Hawaiian Electric’s 2022 earnings is pegged at $2.12 per share, which implies a year-over-year decline of 5.8%. HE boasts a long-term (three to five years) earnings growth rate of 3.2%.
DTE Energy Company (DTE - Free Report) reported fourth-quarter 2021 operating EPS of $1.05, which surpassed the Zacks Consensus Estimate of 94 cents by 11.7%. The bottom line also increased 1.9% from the year-ago quarter’s $1.03 per share.
The Zacks Consensus Estimate for DTE Energy’s 2022 earnings is pegged at $5.94 per share, which implies a year-over-year decline of 0.8%. DTE boasts a long-term earnings growth rate of 6%.
CMS Energy Corporation (CMS - Free Report) reported fourth-quarter 2021 adjusted EPS of 47 cents from continuing operations, which met the Zacks Consensus Estimate. The reported figure declined 2.1% on a year-over-year basis.
The Zacks Consensus Estimate for CMS Energy’s 2022 earnings is pegged at $2.87 per share, which implies year-over-year growth of 8.3%. CMS boasts a long-term earnings growth rate of 8.1%.
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CenterPoint Energy's (CNP) Q4 Earnings Surpass Estimates
CenterPoint Energy, Inc. (CNP - Free Report) reported fourth-quarter 2021 adjusted earnings of 36 cents per share, which surpassed the Zacks Consensus Estimate of 31 cents by 13.9%. The bottom line also improved 24.1% from the year-ago quarter’s figure.
In the fourth quarter, CenterPoint Energy registered GAAP earnings of $1.01 per share compared with 27 cents recorded in the prior-year quarter.
CenterPoint Energy reported earnings per share (EPS) of $1.64 for full-year 2021, which increased 17.1% from $1.40 reported in 2020 and also beat the Zacks Consensus Estimate of $1.50 by 9.3%.
Revenues
In 2021, CNP generated sales worth $8.35 billion, up 12.6% from the year-ago figure. Sales beat the Zacks Consensus Estimate of $8.17 billion by 2.2%.
CenterPoint Energy, Inc. Price, Consensus and EPS Surprise
CenterPoint Energy, Inc. price-consensus-eps-surprise-chart | CenterPoint Energy, Inc. Quote
Operational Results
Total expenses during 2021 escalated 9.6% to $6,989 million.
The company’s operating income surged 31.2% year over year to $1,363 million in the quarter.
Interest expense and other finance charges increased to $508 million from $501 million in the year-ago quarter.
Financial Condition
As of Dec 31, 2021, CenterPoint Energy had cash and cash equivalents of $230 million, up from $147 million as of Dec 31, 2020.
Total long-term debt was $15,558 million as of Dec 31, 2021 compared with $11,521 million as of Dec 31, 2020.
CNP’s net cash flow from operating activities was $22 million in 2021 compared with $1,995 million in the year-ago period.
Further, CenterPoint Energy’s total capital expenditure was $3,164 million in 2021, up from $2,596 million in the year-ago period.
2022 Guidance
CenterPoint Energy reaffirmed its 2022 earnings guidance. CNP currently expects to generate EPS in the range of $1.36-$1.38. The Zacks Consensus Estimate for 2022 earnings is pegged at $1.41 per share, which is more than the guided range.
Zacks Rank
CenterPoint Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
Hawaiian Electric Industries, Inc. (HE - Free Report) reported EPS of 50 cents for the fourth quarter of 2021, which surpassed the Zacks Consensus Estimate of 45 cents by 11.1%. The bottom line also improved 8.7% from 46 cents per share in the prior-year quarter.
The Zacks Consensus Estimate for Hawaiian Electric’s 2022 earnings is pegged at $2.12 per share, which implies a year-over-year decline of 5.8%. HE boasts a long-term (three to five years) earnings growth rate of 3.2%.
DTE Energy Company (DTE - Free Report) reported fourth-quarter 2021 operating EPS of $1.05, which surpassed the Zacks Consensus Estimate of 94 cents by 11.7%. The bottom line also increased 1.9% from the year-ago quarter’s $1.03 per share.
The Zacks Consensus Estimate for DTE Energy’s 2022 earnings is pegged at $5.94 per share, which implies a year-over-year decline of 0.8%. DTE boasts a long-term earnings growth rate of 6%.
CMS Energy Corporation (CMS - Free Report) reported fourth-quarter 2021 adjusted EPS of 47 cents from continuing operations, which met the Zacks Consensus Estimate. The reported figure declined 2.1% on a year-over-year basis.
The Zacks Consensus Estimate for CMS Energy’s 2022 earnings is pegged at $2.87 per share, which implies year-over-year growth of 8.3%. CMS boasts a long-term earnings growth rate of 8.1%.