CNP 2017 AEPS Guidance range of $1.25-$1.33 in-line with our expectations

To read this report, please log-in and click on the following link:

Auvila_QN_CNP_2017_Guidance_2017_01_06

Excerpt:

Market Price (1/6/2017): $25.36/share; ST-Target: $28/share; NIV: $44/share

2017 AEPS Guidance range of $1.25-$1.33 in-line with our expectations

  • Company provides 2017 AEPS guidance of $1.25-$1.33 vs. our conservative estimate of some $1.26 and consensus of about $1.25
  • Also provides capital spending guidance of some $1.5B vs. our estimate of about $1.43B
    • Houston Electric: $922MM
    • Gas Distribution: $534MM
    • Other: About $44MM (our assumption based on $1.5B total 2017 capex guidance)
    • Total: $1,500MM
  • 2017 guidance includes a 54.1% interest in Enable Midstream partners
  • CNP is expecting to hold its 4Q2016 earnings call on February 28, 2017 at 11AM EST
  • Analyses & Conclusion:

Leave a Reply