CenterPoint’s AI-Fueled Houston Boom Lifts Q3 ...Middle East

OILPRICE - Economy
CenterPoint’s AI-Fueled Houston Boom Lifts Q3
source : OILPRICE ( Middle East ) () 138
CenterPoint Energy (NYSE: CNP) beat the Street in Q3 on a very simple story: Houston’s industrial appetite for electrons is exploding, and regulators are letting the utility recoup what it spends to keep up. Adjusted EPS landed at $0.50 (vs. $0.44 est.), up more than 60% y/y on a non-GAAP basis. The drivers were textbook utility levers—about $0.07/share from growth and regulatory recovery and $0.12/share from leaner O&M—partly shaved by $0.04/share in higher interest expense. GAAP EPS was $0.45 on net income of $293 million.…

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