CenterPoint Energy reported income available to common shareholders of $193 million, or $0.30 per diluted share on a GAAP basis, for the third quarter of 2024. This compares to $0.40 per diluted share in the comparable period of 2023.
Non-GAAP EPS for Q3 2024 was $0.31 per diluted share, a $0.09 decrease from Q3 2023. This unfavorable variance was primarily driven by an $0.11 per share increase in operating and maintenance expense due to accelerated activities under Phase I of the Greater Houston Resiliency Initiative.
Growth and regulatory recovery contributed $0.09 per share of favorability, which was offset by unfavorable usage of $0.02 per share from Hurricane Beryl outages and unfavorable weather variances of $0.04 per share at Houston Electric. The company reiterated its 2024 non-GAAP EPS guidance and initiated 2025 non-GAAP EPS guidance of $1.74 to $1.76.
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