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The Michael Berry Show

AM Show Hr 2 | KHOU's Rogalski Holding CenterPoint's Feet To The Fire

The Michael Berry Show

KTRH

Society & Culture, News, Politics

4.82.3K Ratings

🗓️ 11 July 2024

⏱️ 32 minutes

🧾️ Download transcript

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0:00.0

I'm going to go back of the napkin calculation because Center Point is in the

0:08.8

Crosshairs and should be. Those people don't understand how Center Point operates and why they don't have any competition.

0:17.0

And I came across something very interesting.

0:20.0

Center Point Energy's annual gross profit for 2021 was $6.01 billion, a 6.06% increase from 2020. I'm not opposed to anybody making a profit. They had a 6.06% increase in 21 from 20.

0:47.0

Centerpoint Energy's annual gross profit for 2022 the next year was 6.23 billion a 3.54% increase from 2021. So that a 6% increase year over

1:00.9

year and a 3.54% increase on that in

1:05.0

2023, 6.53 billion dollars, a 4.91% increase from 2022.

1:14.0

Huh.

1:17.0

But it gets even better.

1:19.0

6.06 was there 20-20 year over 19?

1:25.6

Centerpoint Energy's rolling gross profits.

1:28.4

It's not a year in.

1:29.4

For the 12 months, March 31st, just a couple months ago, was $6.702 billion, a 7.12% year over year.

1:42.7

Now what's fascinating about this is that they are growing significantly more profitable over the last few years.

1:58.2

They had negative quarterly growth

2:02.2

in the middle quarters of 2020.

2:05.0

In 2019 for one quarter, in 2017 for one quarter, in 2014 for one quarter and in all of 2013.

2:17.0

In all of 2013.

2:20.0

In other words, since the middle of 2020, and really, save for two quarters that were almost

2:30.2

met even, going back to 2019, Centerpoint Energy has become a profitability juggernaut.

2:42.0

Okay. If Mat max sells more mattresses and furniture, I'm happy. If Russell

2:49.0

I bar sells more enchiladas, I'm happy. If Will Hawkins, as has been the case, gets hired to clean

...

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