On Feb. 28, Centerpoint Energy (NYSE:CNP) released fourth-quarter earnings for the period ended Dec. 31.
- Total revenue declined by 23.3%, primarily because of a 25% drop-off in sales in the natural gas distribution segment and a 33% decrease in the competitive natural gas sales and services segment.
- Capital expenditures increased 55.9% for the full year, boosted by increases in the interstate pipeline segment.
- For 2007, Centerpoint expects diluted EPS around $1.02 to $1.12.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$2,464 |
$3,212 |
(23.3%) |
|
Net Profit |
$67 |
$81 |
(17.3%) |
|
EPS |
$0.20 |
$0.25 |
(20.0%) |
|
Diluted Shares |
334.6 |
320.4 |
4.5% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Operating Margin |
9.5% |
7.9% |
1.7 |
|
Net Margin |
2.7% |
2.5% |
0.2 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$127 |
$74 |
71.6% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Long-Term Debt |
$7,802 |
$8,568 |
(8.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
FY 2006 |
FY 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$991 |
$101 |
881.2% |
|
Capital Expenditures |
$1,121 |
$719 |
55.9% |
|
Free Cash Flow |
($130) |
($618) |
N/A |
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