CenterPoint Historical Income Statement
CNP Stock | USD 31.41 0.03 0.1% |
Historical analysis of CenterPoint Energy income statement accounts such as Total Revenue of 9.9 B, Gross Profit of 2.9 B or Operating Income of 1.5 B can show how well CenterPoint Energy performed in making a profits. Evaluating CenterPoint Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CenterPoint Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining CenterPoint Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CenterPoint Energy is a good buy for the upcoming year.
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About CenterPoint Income Statement Analysis
CenterPoint Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CenterPoint Energy shareholders. The income statement also shows CenterPoint investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
CenterPoint Energy Income Statement Chart
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Total Revenue
Total revenue comprises all receipts CenterPoint Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of CenterPoint Energy minus its cost of goods sold. It is profit before CenterPoint Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CenterPoint Energy. It is also known as CenterPoint Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from CenterPoint Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CenterPoint Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CenterPoint Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in CenterPoint Stock, please use our How to Invest in CenterPoint Energy guide.At this time, CenterPoint Energy's Net Income Applicable To Common Shares is relatively stable compared to the past year. As of 12/11/2024, Minority Interest is likely to grow to about 44.1 M, while EBIT is likely to drop slightly above 1.6 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.2B | 3.4B | 3.7B | 2.9B | Total Revenue | 8.4B | 9.3B | 8.7B | 9.9B |
CenterPoint Energy income statement Correlations
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CenterPoint Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CenterPoint Energy income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 567M | 501M | 529M | 524M | 701M | 736.1M | |
Total Revenue | 7.6B | 7.4B | 8.4B | 9.3B | 8.7B | 9.9B | |
Gross Profit | 2.8B | 2.9B | 3.2B | 3.4B | 3.7B | 2.9B | |
Operating Income | 1.1B | (168M) | 1.4B | 1.6B | 1.8B | 1.5B | |
Ebit | 2.7B | 1.1B | 1.3B | 1.9B | 1.8B | 1.6B | |
Ebitda | 2.7B | 2.3B | 2.6B | 3.2B | 3.2B | 2.1B | |
Net Income | 791M | (591M) | 668M | 1.1B | 917M | 962.9M | |
Income Tax Expense | 92M | (274M) | 110M | 360M | 170M | 178.5M | |
Depreciation And Amortization | 171.9K | 1.2B | 1.3B | 1.3B | 1.4B | 816.2M | |
Other Operating Expenses | 6.5B | 6.2B | 7.0B | 7.8B | 6.9B | 7.4B | |
Cost Of Revenue | 4.8B | 4.5B | 5.1B | 5.9B | 5.0B | 5.6B | |
Total Operating Expenses | 1.7B | 1.7B | 1.8B | 1.8B | 1.9B | 1.8B | |
Income Before Tax | 774M | (865M) | 778M | 1.4B | 1.1B | 1.1B | |
Total Other Income Expense Net | (297M) | (476M) | (585M) | (149M) | (673M) | (639.4M) | |
Net Income Applicable To Common Shares | 674M | (949M) | 1.4B | 1.0B | 1.2B | 1.2B | |
Selling General Administrative | 478M | 516M | 528M | 543M | 488.7M | 942.5M | |
Net Income From Continuing Ops | 791M | (591M) | 668M | 1.1B | 859M | 547.0M | |
Non Operating Income Net Other | 270M | (1.4B) | (56M) | 375M | 337.5M | 354.4M | |
Tax Provision | 138M | (274M) | 110M | 360M | 277M | 290.9M | |
Interest Income | 22M | 4M | 598M | 379M | 341.1M | 437.8M | |
Net Interest Income | (567M) | (525M) | (529M) | (524M) | (638M) | (669.9M) | |
Reconciled Depreciation | 1.3B | 1.2B | 1.3B | 1.3B | 1.4B | 1.4B | |
Preferred Stock And Other Adjustments | 117M | 176M | 95M | 49M | 56.4M | 103.8M |
Pair Trading with CenterPoint Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CenterPoint Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CenterPoint Energy will appreciate offsetting losses from the drop in the long position's value.Moving against CenterPoint Stock
0.84 | EBR | Centrais Electricas | PairCorr |
0.59 | ES | Eversource Energy | PairCorr |
0.53 | FE | FirstEnergy | PairCorr |
0.5 | ED | Consolidated Edison | PairCorr |
0.46 | AEP | American Electric Power | PairCorr |
The ability to find closely correlated positions to CenterPoint Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CenterPoint Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CenterPoint Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CenterPoint Energy to buy it.
The correlation of CenterPoint Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CenterPoint Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CenterPoint Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CenterPoint Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for CenterPoint Stock Analysis
When running CenterPoint Energy's price analysis, check to measure CenterPoint Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CenterPoint Energy is operating at the current time. Most of CenterPoint Energy's value examination focuses on studying past and present price action to predict the probability of CenterPoint Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CenterPoint Energy's price. Additionally, you may evaluate how the addition of CenterPoint Energy to your portfolios can decrease your overall portfolio volatility.