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Home » Enable Losses Slam CenterPoint, OGE Energy
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Enable Losses Slam CenterPoint, OGE Energy

Houston Utility Takes $1.2B Quarterly Earnings Hit

May 7, 2020
Tom Kleckner
Company News / ERCOT / MISO / SPP/WEIS
CenterPoint Energy on Thursday said it wrote off $1.6 billion in asset losses from its Enable Midstream Partners oil and gas pipeline and storage investment, resulting in a $1.2 billion loss (-$2.44/share) for the first quarter. A year ago, CenterPoint reported first-quarter earnings of $140 million ($0.28/share). Last quarter’s revenue...

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