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May 16, 2022

Hot Summer Yields Positive Earnings for CenterPoint

Nov 10, 2019
Tom Kleckner
Company News / Public Utility Commission of Texas (PUCT)
CenterPoint Energy’s third-quarter earnings surged more than 57% thanks to record electricity usage this summer, the company reported Thursday. Profits were $241 million ($0.47/share) for the quarter, compared with $153 million ($0.35/share) a year earlier. CenterPoint’s performance exceeded Zacks Investment Research’s projection of 43 cents/share. The company’s Houston transmission and...

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