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CenterPoint Energy expects EPS to be $1.25 to $1.33

Staff Writer |
CenterPoint Energy announced expected earnings on a guidance basis for 2017 to be in the range of $1.25 to $1.33 per diluted share.

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The company reaffirms its expected earnings on a guidance basis to be in the range of $1.16 to $1.20 per diluted share for the year ending Dec. 31, 2016.

"Our 2017 earnings guidance represents solid growth over our 2016 year end estimated range supported by both utility operations and midstream investments," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy.

"Utility operations, driven by fundamental growth and investment, continue to perform very well and we are pleased with Enable's 2017 forecast."

The company anticipates 2017 capital spending of $1.5 billion, a 14 percent increase over the previous forecast for 2017 capital spending. Both the electric and gas utilities are expected to contribute to the growth in capital spending.

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