Thank turn good you Slide the consolidated to John now drivers guidance I on and XX. will everyone. year morning basis EPS full
this XX% $X.XX to which The were compared primary utility factors and in share is businesses. diluted impacts driving we impairments, merger delivered per outperformance core a year-over-year. $X.XX Excluding $X.XX our or growth XXXX
The newly legacy from variance. provided variance. utilities of positive customer and Vectren $X.XX O&M positive acquired provided of relief savings, utilities rate growth our $X.XX
as to favorable normal well above were as contributing factors Additionally, tax weather outcomes outperformance. this
offsetting positive and and pleased financing. Services were variances with were Midstream Energy strong XXXX our very Overall merger these performance. underperformance at Partially we
earlier on now providing XXXX. provide basis we're core operations XX. to Slide EPS we Turning more for to utility-only utility guidance Like mentioned our to transparency a
combined excluding per basis Let from Energy me guidance Services earnings start from on XXXX of adjusted EPS Infrastructure share. $X.XX and Midstream the Investments, a Services
Our share per utilities XXXX. year. during the items delivered in counted per $X.XX other and onetime share $X.XX and $X.XX weather contributed Favorable to tax
normalized Excluding these utility weather on onetime $X.XX basis the and was XXXX a items share. per EPS guidance
to an from new annualized Looking have income XXXX the equity to Electric forward is address settlement the and return year-over-year negative from negative CenterPoint's includes $X.XX. outcome rate equity to rate on impact and reduction This metrics. credit the its operating case and case Houston of anticipated effect Houston Electric FFO lower impact dilution
weather. This relief we in XXXX. $X.XX utility to of EPS the of In basis guidance guidance $X.XX and projected assumes positive earnings are range rate growth, O&M all total earnings. of the Customer $X.XX normal management forecasting drivers to for are $X.XX
So I year. anticipated weather to revenue will we address that remainder during shortfall and so the the unfavorable have this will the note we work quarter far of experienced
earnings of As closing excludes to this range EPS the Energy those noted prior well the the from slide, and businesses Midstream on Investments. Services as anticipated Infrastructure sale Services as of utility
to Enable XX, translates $XXX Including to this affirmed CenterPoint. per corporate million. earnings February guidance $X.XX share overhead XXXX for $X.XX million On $XXX allocation of their to
current Enable However, would midpoint in above improve that the them and or activity on perform need order to from levels. of prices indicated the to producer call the at for commodity range
lower range purposes, For share. planning $X.XX the we assume of of the our end per
CAGR. investment to projected rate years five shown next our a are plan a robust over share utility is in growth X% the year to $XX by per X% compound growth driven a basis earnings base core projected X.X% slide XX. grow businesses utility basis capital Guidance on billion implying This on as
earn This horizon. expected solid continuous customer O&M to supplemented their Through utilities allowed strong and strong growth growth regulated to planning expect deliver and in efforts, management. discipline earnings be by these is we to growth over our close the ROEs
risk $XX jurisdictions assets. strategy. our Turning discipline. only LDC over billion gas scale we from our across X eight rate current from states businesses outlined O&M continued our customers to and X% million the diversity elements Serving of base slide is in coupled generation geographic XX. growing have is key lower of utility with T&D and We and growth XX% electric
close continue our to We combination utilities have allowed rates keeping of the needs. ability our and efficiency to our ROEs growth us to to earn customer competitive. while deploy serve our to allows capital customers' into This
by our X.X% As investment discussed earlier needs. significant regulated cash is external will our CAGR our the we of projected $XX planning distributions the rate reducing capital driven over base growth Enable from to base rate horizon. per be $XXX million over to fund year billion be recycling Further financing
solid remain utilities. to strong credit and efficiently noting our maintaining It balance committed investment-grade in is to core critical We our investment regulated that funding worth a capital is profile also robust sheet firmly quality. credit our
projected Turning is by be investment anticipated Of Electric. to our as gas to well is of billion and billion is Houston be or approximately hardening a Bailey our XX. for deployed year system system as to growth modernization projected at This XX% driven modernization primarily replacement. continued or of Jones utilities per $X XX% Creek of load capital $XX slide capital the for and project. pipeline to Approximately about construction year billion $X.X transmission spent the about
of projected in and total the spend Electric XX% second details provide file Indiana once its we to quarter. we will is more the IRP capital
appendix be Electric slides XX. of gas through Houston capital natural found for details in distribution Additional spending XX and can on
this in X.X% slide results shown planned on base of As investment rate now as all just growth stated XX.
of the and growth national customer rates Both customer the area leading average. XX customer particularly, demonstrates record the below Greater electric rates Minnesota. and average, our while utility track utilities Slide growth keeping Houston national across our experienced above gas
rates below approximately X.X% all the the many our in our compound of state Texas annual across in rate by growth been our peers rates the same gas aggregate customer have are jurisdictions time past decade. At Electric over of and reduced
year-over-year Turning our XX. discussed In efficiencies. to or from XXXX, We O&M approximately achieving discipline management. and other by annualized reduced merger cost utilities slide O&M in continued $XXX million X% our
to O&M Going year-over-year. relatively our forward is goal flat manage
areas. workforce systematic including optimization as We improvements, to strategic organizational look will as opportunities decision-making functional to continue data for of all using well design and analytics planning alignment streamline process across
Energy further quality. Infrastructure commitment business proceeds of solid XX. allocation to net investment-grade capital the Credit process. to improves debt slide Services quality. use quality by our We with coupled our discipline reiterate firm to and rigorous retire of Turning divestiture in risk credit maintaining O&M materially will credit The strengthened Services and be our profile and management
on to also capital to necessary We're our utility raising credit our committed support equity as investment robust metrics.
rating to forward mid-XX% defined low to ratio FFO Going target the debt by a as agencies. we
anticipated our equity On our Slide our outline and XX, needs strengthening we growth fund sheet. to utility balance
post Houston raise $XXX metrics credit to expect primarily As our illustrated of rate of on Electric chart, by to we million XXXX, equity end strengthen the the case.
expect to rely year program. million DRIP fund million XX% of $XXX on ATM we significant XXXX, our through to per to capital raise XXXX and $XXX XX% For to to
Turning to Slide XX.
of everyone per of Let we remind This dividend increased year the declared have stock. our me $X.XX common of common XXth recently stock quarterly consecutive dividends. is that share
Going achieve forward, mid-XX%. targeted stock common growth to payout our long-term of anticipate X.X% per rate we ratio of dividend year
XXXX in by delivered Slide results EPS achieving XX. conclusion, $X.XX strong to XX% In above or XXXX. basis we Turning guidance
in regulated business. great resolved proceedings major made our on strides focused we on efficiencies Additionally, throughout our and focus driving regulatory continuing We the utilities. core to
operations. to strategy support capital on businesses, The We fundamental our Infrastructure Services to of needs. further and agreement focusing also are Energy core deploying Services our meet the utility customers' significant divest
proceeds sheet utility reinforce debt sales Furthermore, fund retire businesses, our strengthening our commitment and equity credit the to raising our using to to balance and quality.
to Today to return quality. to X% X% our investment-grade total firmly while deliver EPS is poised X% committed utility CenterPoint and shareholder to growth XX% remaining solid credit
I'll now turn David. back it to
