CenterPoint Energy Reports Results From Retail Marketing Business
August 07,2019
CenterPoint Energy, Inc. reported earnings for the second quarter of 2019
CenterPoint's Energy Services segment reported operating income of $29 million for the second quarter of 2019, which included a mark-to-market gain of $30 million, compared with operating income of $15 million for the second quarter of 2018, which included a mark-to-market gain of $8 million.
Excluding mark-to-market adjustments, the Energy Services operating loss was $1 million for the second quarter of 2019 compared with operating income of $7 million for the second quarter of 2018.
Energy Services operating income, excluding mark-to-market adjustments, decreased primarily due to a reduction in margins resulting from the impact of less price volatility on natural gas storage activity and increased operation and maintenance expenses.
Energy Services had 31,000 customers as of June 30, 2019, versus 30,000 customers as of March 31, 2019 and 30,000 a year ago
Energy Services throughput was 297 BCF for the second quarter, versus 311 BCF a year ago
The Energy Services segment reported revenues of $ 855 million for the second quarter of 2019, versus $860 million a year ago