CenterPoint Energy Q4 Profit Slips - Quick Facts

(RTTNews) - Electric and natural gas utility CenterPoint Energy, Inc. (CNP) reported a drop in fourth-quarter 2013 net income to $113 million, or $0.26 per share, from $134 million, or $0.31 per share, in the previous year. On average, 10 analysts polled by Thomson Reuters expected earnings per share of $0.28 for the quarter. Analysts' estimates typically exclude one-time items.

Operating income for the recent quarter amounted to $211 million. Following the May 1, 2013, formation of Enable Midstream Partners, CenterPoint Energy reports its investment in midstream operations as equity income rather than operating income. Hence, operating income for the fourth quarter of 2013 is not comparable to prior results, the company said.

Revenues for the three-month period were $2.18 billion, compared with last year's $2.14 billion, whereas 3 analysts estimated revenues of $1.36 billion.