Plus   Neg

CenterPoint Energy Sees FY18 Earnings At High End Of Prior Outlook - Quick Facts

CenterPoint Energy, Inc. (CNP) on Thursday anticipates achieving the high end of its previous fiscal 2018 earnings guidance range of $1.50 to $1.60 per share, excluding impacts associated with the pending merger with Vectren.

On average, 15 analysts polled by Thomson Reuters expect the company to earn $1.58 per share for the year. Analysts' estimates usually exclude special items.

The guidance range assumes ownership of 54.0 percent of the common units representing limited partner interests in Enable Midstream and includes the amortization of CenterPoint Energy's basis differential in Enable Midstream and effective tax rates.

Further, CenterPoint Energy said the remaining approvals required for its pending merger with Vectren are on schedule, and the transaction is expected to be completed in the first quarter of 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Co. filed a lawsuit against Siemens Energy AG, accusing the German power distribution company of stealing trade secrets for gas turbines. Siemens Energy allegedly used the information to get at least nine contracts to supply gas turbines to public utilities, and also covered up improper business gains. Following a court ruling, the U.S. Food and Drug Administration postponed the effective date for tobacco manufacturing companies to display new health warnings on cigarette packets and in advertisements, by additional 90 days. The warnings with color images is to promote greater public understanding of the negative health consequences of smoking. JPMorgan Chase & Co (JPM) reported strong results in the fourth quarter of 2020, with net profit up 42% largely driven by credit reserve releases of $2.9 billion. The Group said it ended the year with a CET1 ratio of 13.1% and capital above $200 billion, providing with meaningful capacity to further...
Follow RTT