The company said income available to common shareholders for Q3 2024 was $193 million, or $0.30 per diluted share on a GAAP basis, and non-GAAP EPS was $0.31 per diluted share. GAAP diluted EPS for Q3 2023 was $0.40.

1. 01

   The company said income available to common shareholders for Q3 2024 was $193 million, or $0.30 per diluted share on a GAAP basis, and non-GAAP EPS was $0.31 per diluted share. GAAP diluted EPS for Q3 2023 was $0.40.

2. 02

   The company said non-GAAP EPS for Q3 2024 was $0.09 per diluted share lower than for Q3 2023. It cited the increase in operating and maintenance expense of $0.11 per share from the expanded and accelerated activities under Phase 1 of the Greater Houston Resiliency Initiative as the main factor. It said growth and regulatory recovery were a positive factor of $0.09 per share.

3. 03

   The company said the positive effects of growth and regulatory recovery were mainly offset. It cited unfavorable usage of $0.02 per share from outages during Hurricane Beryl and unfavorable weather variances of $0.04 per share at Houston Electric as the reasons.

4. 04

   The company said it reaffirmed its 2024 full-year non-GAAP EPS outlook of $1.61 to $1.63 per diluted share and presented its 2025 full-year non-GAAP outlook of $1.74 to $1.76 per diluted share. It said it maintains a non-GAAP EPS growth target of the mid-to-high end of 6% to -8% annually through 2030.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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