CenterPoint Energy, Inc. CNP reported second-quarter 2017 adjusted earnings of 29 cents per share, beating the Zacks Consensus Estimate of 21 cents by 38.1%. Quarterly earnings improved 70.6% from the year-ago figure of 17 cents.While GAAP earnings in the reported quarter were 31 cents compared with the company’s GAAP loss of a penny in the year-ago quarter.RevenuesCenterPoint Energy’s total revenue in the reported quarter was $2,143 million, which surpassed the Zacks Consensus Estimate of $1,790.4 million by 19.7%. Revenues were also 36.1% higher than $1,574 million reported a year ago.The rise in the top line was driven by higher contribution from Natural Gas Distribution and Energy Services segments, offset marginally by lower contribution from Electric Transmission & Distribution segment.Operational ResultsTotal expenses during the quarter increased 37.9% to $1,920 million.The company’s operating income improved 22.5% to $223 million from $182 million in the year-ago quarter.Interest and other finance charges decreased to $77 million in the reported quarter from $86 million a year ago.CenterPoint Energy, Inc. Price, Consensus and EPS Surprise CenterPoint Energy, Inc. Price, Consensus and EPS Surprise | CenterPoint Energy, Inc. QuoteSegment ResultsThe Electric Transmission & Distribution segment reported operating income of $164 million during the second quarter compared with $158 million in the year-ago quarter.The Natural Gas Distribution segment reported operating income of $37 million compared with $20 million in the year-ago quarter.The Energy Services segment reported operating income of $16 million in the second quarter.Financial ConditionAs of Jun 30, 2017, CenterPoint Energy had cash and cash equivalents of $248 million, down from $341 million as of Dec 31, 2016.Total long-term debt was $7,587 million as of Jun 30, 2017 compared with $7,532 million as of Dec 31, 2016.At the end of the second quarter, the company’s net cash from operating activities was $680 million, down from $1,061 million in the year-ago period.Also, CenterPoint Energy’s total capital expenditure was $370 million in the second quarter, up from $358 million in the year-ago quarter.GuidanceCenterPoint Energy reaffirmed its 2017 earnings guidance in the range of $1.25–$1.33 per diluted share. This earlier included estimated utility operations earnings of 93–97 cents per diluted share and midstream investment earnings of 31–37 cents per diluted share.Zacks RankCenterPoint Energy currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Peer ReleasesEntergy Corporation ETR reported second-quarter 2017 operational earnings of $3.11 per share, beating the Zacks Consensus Estimate of $1.20 by 159.2%. However, the reported number was in line with the year-ago figure.DTE Energy Company DTE reported second-quarter 2017 operating earnings per share (EPS) of $1.07, which surpassed the Zacks Consensus Estimate of 97 cents by 10.3%. Operating earnings also grew 9.2% from the year-ago figure of 98 cents.NextEra Energy, Inc. NEE reported second-quarter 2017 adjusted earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.76 by 5.7%. Reported earnings were also up by 11.4% year over year.More Stock News: Tech Opportunity Worth $386 Billion in 2017From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report Entergy Corporation (ETR): Free Stock Analysis Report DTE Energy Company (DTE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research