Sector: Utilities|Industry: Utilities - Regulated Electric|Market Cap: $20.62B|Employees: 8.8K
CenterPoint Energy is a public utility holding company with operations focused on electric and natural gas delivery. The company's core business model includes owning and operating electric transmission, distribution, and generation facilities, as well as natural gas distribution systems. CenterPoint Energy has a significant presence in the Texas gulf coast area, southwestern Indiana, and other regions across the United States.
Utility revenues decreased from $2,717 million in Q1 2023 to $2,607 million in Q1 2024. This decrease is a notable change in the company's financial performance, potentially signaling shifts in demand or pricing within its utility services.
Net income increased from $325 million in Q1 2023 to $350 million in Q1 2024. This increase suggests improved profitability despite the decrease in utility revenues, potentially due to cost management or other factors.
Basic earnings per common share increased from $0.50 in Q1 2023 to $0.55 in Q1 2024. This increase reflects the improved net income and the number of common shares outstanding, indicating enhanced value for shareholders.