Centerpoint Energy (CNP) Tops Q3 EPS by 4c
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CenterPoint Energy and subsidiary announce non-cash impairment charges related to Midstream Investments
November 5, 2015 6:33 AM ESTHOUSTON, Nov. 5, 2015 /PRNewswire/ --Â CenterPoint Energy, Inc. (NYSE: CNP) and its subsidiary, CenterPoint Energy Resources Corp. (CERC), announced today that the 2015 third quarter earnings reflect impairments totaling $862 million related to the 55.4 percent equity investment in Enable Midstream Partners, LP. The non-cash charges include an impairment of CenterPoint Energy's and CERC's equity investment in Enable Midstream of $250 million ($156 million after-tax) and its share, $612 million ($381 million after-tax), of the goodwill and long-lived asset impairment charges of approximately $1.1 billion that Enable Midstream reported for the third quarter 2015. The non-cash impairment charges will not affect... More
