8-KEarnings & ResultsOther EventsExhibits & Filings

CENTERPOINT ENERGY INC 8-K Report, Financial Results (Aug 6, 2008)

Filed August 6, 2008For Securities:CNP

Summary

CenterPoint Energy, Inc. (CNP) has filed an 8-K report detailing its second quarter 2008 financial results. The company reported a significant increase in net income for the second quarter of 2008, reaching $101 million, or $0.30 per diluted share, compared to $70 million, or $0.20 per diluted share, in the same period of 2007. This represents a substantial year-over-year improvement in profitability. For the six-month period ended June 30, 2008, CenterPoint Energy also saw an increase in net income, with $224 million, or $0.66 per diluted share, compared to $200 million, or $0.58 per diluted share, for the corresponding period in 2007. Investors should note that detailed earnings information is available in the press release attached as Exhibit 99.1 to this filing, which is incorporated by reference but furnished and not filed.

Key Highlights

  • 1Reported Q2 2008 net income of $101 million, a significant increase from $70 million in Q2 2007.
  • 2Q2 2008 diluted earnings per share (EPS) were $0.30, up from $0.20 in Q2 2007.
  • 3For the six months ended June 30, 2008, net income was $224 million, an improvement from $200 million in the same period of 2007.
  • 4Six-month diluted EPS for 2008 stood at $0.66, compared to $0.58 in the prior year's comparable period.
  • 5The company referenced an attached press release (Exhibit 99.1) for additional detailed information on Q2 2008 earnings.
  • 6Information provided is furnished pursuant to Item 2.02 and is not incorporated into any registration statements unless specifically identified.

Frequently Asked Questions

CenterPoint Energy reported net income of $101 million, or $0.30 per diluted share, for the second quarter of 2008. This is an increase compared to $70 million, or $0.20 per diluted share, in the second quarter of 2007.

For the six-month period ended June 30, 2008, CenterPoint Energy's net income was $224 million ($0.66 per diluted share), an increase from $200 million ($0.58 per diluted share) reported for the same period in 2007.

Additional details regarding CenterPoint Energy's second quarter 2008 earnings can be found in the press release issued on August 6, 2008, which is attached to this Form 8-K filing as Exhibit 99.1. This information is incorporated by reference.

The information in the press release is being furnished, not filed, pursuant to Item 2.02 of the Form 8-K. This means it will not be automatically incorporated into CenterPoint Energy's registration statements under the Securities Act of 1933 unless specifically identified as such.