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Income Statement (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Revenue | 2.62B | 20.1% |
| Gross Profit | 2.48B | 32.6% |
| Cost of Revenue | 145M | 54.1% |
| Operating expense | 144M | 58.5% |
| Net Income | 350M | 82.3% |
| EBITDA | 979M | 44.4% |
Balance Sheet (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Total Assets | 40.2B | 1.2% |
| Total Liabilities | 30.2B | 0.5% |
| Total Equity | 10B | 3.4% |
| Shares Outstanding | 633M | 0.3% |
Cash Flow (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Cash from operations | 538M | 33.4% |
| Cash from investing | -844M | 19.1% |
| Cash from financing | 376M | 82.5% |
EPS
Financial Highlights for CenterPoint Energy in Q1 '24
CenterPoint Energy reported a revenue of 2.62B, which is a 20.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.48B, marking a 32.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 145M, a -54.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 144M, showing a -58.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 350M, showing a 82.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 979M, showing a 44.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for CenterPoint Energy with growth in revenue, gross profit, and net income.
