CenterPoint Energy, Inc. CNP reported second-quarter 2020 adjusted earnings of 21 cents per share, which surpassed the Zacks Consensus Estimate of 19 cents by 10.5%. The bottom line however deteriorated 40% from the year-ago quarter earnings of 35 cents.The company reported GAAP earnings of 11 cents per share compared with earnings of 33 cents registered in the prior-year quarter.The year-over-year downside can be primarily attributed to COVID-19 pandemic-led impacts.RevenuesCenterPoint Energy’s total revenues in the quarter were $1,575 million, which lagged the Zacks Consensus Estimate of $2,114 million by 25.5%. Moreover, the reported figure came in 5% lower than the prior-year quarter’s $1,658 million.Decreased contribution from utility segment dragged down the top line.CenterPoint Energy, Inc. Price, Consensus and EPS Surprise CenterPoint Energy, Inc. price-consensus-eps-surprise-chart | CenterPoint Energy, Inc. QuoteOperational ResultsTotal expenses during the second quarter declined 6.2% to $1,340 million.The company’s operating income rose 2.6% year over year to $235 million in the second quarter.Interest expense and other finance charges decreased to $128 million from $134 million in the year-ago quarter.Segment ResultsThe Houston Electric-Transmission & Distribution segment reported adjusted earnings of $89 million for the second quarter compared with $100 million in the year-ago quarter.The Natural Gas Distribution segment registered adjusted earnings of $35 million compared with the year-ago quarter’s $23 million.The Indiana Electric - Integrated segment generated earnings of $19 million compared with $16 million in the year-earlier period.The Midstream Investments segment recorded earnings of $24 million compared with $50 million in the prior-year quarter.The Corporate and Other Operations segment reported net loss of $28 million compared with loss of $38 million in the year-ago quarter.Financial ConditionAs of Jun 30, 2020, CenterPoint Energy had cash and cash equivalents of $168 million, down from $241 million as of Dec 31, 2019.Total long-term debt was $10,937 million as of Jun 30, 2020, compared with $14,244 million as of Dec 31, 2019.At the end of second-quarter 2020, the company’s net cash from operating activities was $1,181 million, up from the previous year’s $574 million.Further, CenterPoint Energy’s total capital expenditure was $632 million in the second quarter, down from $634 million in the year-ago quarter.2020 GuidanceCenterPoint Energy reiterated its 2020 earnings guidance. The company still expects to generate earnings of $1.10-$1.20 per share.The Zacks Consensus Estimate for current-year earnings is pegged at $1.28, which lies above the guided range.Zacks RankCenterPoint Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other Utility ReleasesFirstEnergy Corporation FE delivered second-quarter 2020 operating earnings of 57 cents per share, which beat the Zacks Consensus Estimate of 55 cents by 3.64%.NextEra Energy, Inc. NEE reported second-quarter 2020 adjusted earnings of $2.61 per share, surpassingthe Zacks Consensus Estimate of $2.50 by 4.4%.CMS Energy Corporation CMS reported second-quarter 2020 adjusted earnings per share of 49 cents, which surpassed the Zacks Consensus Estimate of 45 cents by 8.9%.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.Click here for the 6 trades >>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 FirstEnergy Corporation (FE): Free Stock Analysis Report CMS Energy Corporation (CMS): Free Stock Analysis Report CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research