CenterPoint Q3 EPS Rises to $0.50; Capital Plan Lifted to $70.7B as Ohio Sale Closes
CNP is trading near its 52-week low of $36.37 (13% above the low).
Summary
CenterPoint earned $331 million, or $0.50 per diluted share, in Q3 2026 versus $293 million a year earlier, and lifted its 10-year capital plan by $4 billion to about $70.7 billion. The $2.62 billion Ohio gas sale closed October 1, 2026, while roughly $866 million of forward-sold equity still has to settle by February 2027.
Key Events · Earnings and Guidance · CNP
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Q3 EPS Rises to $0.50
Net income of $331 million versus $293 million a year ago; diluted EPS $0.50 versus $0.45. Nine-month net income was $891 million, or $1.34 diluted, against $788 million and $1.20.
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Electric Segment Drives the Beat
Electric net income rose to $362 million from $293 million in the quarter and to $739 million from $572 million year to date, on customer rates, transmission revenue and 2% customer growth. Natural Gas fell to $48 million from $74 million at CERC.
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Capital Plan Raised to $70.7 Billion
The 10-year plan was increased by $4 billion to approximately $70.7 billion through 2035, raising future rate-base growth and the associated financing requirement.
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Ohio Gas Sale Closed for $2.62 Billion
The sale of the Ohio natural gas LDC to National Fuel Gas closed October 1, 2026: $1.42 billion cash plus a $1.20 billion note at 6.50% maturing September 30, 2027. Financial impact will be booked in Q4 2026.
Analysis · CNP · Energy & Transportation
CenterPoint's third quarter came in stronger than a year ago, with net income of $331 million versus $293 million and diluted EPS of $0.50 against $0.45. The Electric segment drove almost all of it: net income jumped to $362 million from $293 million on higher customer rates, transmission revenue and 2% customer growth. Natural Gas was the offset, with quarterly net income falling to $48 million from $74 million at CERC. Alongside the results, the company raised its 10-year capital plan by $4 billion to roughly $70.7 billion through 2035, which means more rate-base growth but also more financing need. That financing is already visible: $4.84 billion of long-term debt was issued in the first nine months against $2.99 billion repaid, and 24.9 million shares remain under forward sale agreements worth about $866 million that must settle by February 25, 2027. The $2.62 billion Ohio gas sale closed October 1, 2026, bringing $1.42 billion of cash and a $1.20 billion note, which funds part of that build. The open risk is litigation: Hurricane Beryl and Winter Storm Uri claims remain unresolved, with a mandamus petition on gross-negligence claims pending at the Texas Supreme Court and no damages estimate possible.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CNP was trading at $41.20 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $27.1B. The 52-week trading range was $36.37 to $45.26. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.