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CenterPoint Energy Q2 net income $77 million

Staff writer |
CenterPoint Energy reported net income of $77 million, or $0.18 per diluted share, for the second quarter of 2015.

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This compares with $107 million, or $0.25 per diluted share for the same period of the prior year. On a guidance basis, for the second quarter 2015, CenterPoint Energy earned 19 cents per diluted share consisting of 13 cents from utility operations and 6 cents from midstream investments.

Utility operations produced $186 million of operating income for the second quarter of 2015, equal to operating income for the same quarter of the prior year. Equity income from midstream investments was $43 million for the second quarter of 2015, compared with $71 million for the same period in the prior year.

"We remain focused on investing in infrastructure to meet the needs of our growing customer base.

Our utilities delivered strong financial results, and we continue to seek timely recovery of our investments," said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy.


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