CenterPoint Lifts FY26 EPS Outlook to $1.90-$1.92, Adds $4B to Capital Plan
CNP is trading near its 52-week low of $36.37 (14% above the low).
Summary
CenterPoint raised FY26 adjusted EPS guidance to $1.90-$1.92 from $1.89-$1.91 and initiated FY27 guidance of $2.07-$2.09. It also extended mid-to-high-end 7%-9% EPS growth through 2030. The 10-year capital plan grew by $4.0 billion to $70.7 billion, with another $1.5 billion pulled forward into the first five years to serve Greater Houston demand. This follows the Q3 beat reported earlier today ($0.53 adjusted vs $0.49 estimate) and the completed $2.62 billion Ohio gas sale on October 1. The guidance raise is modest, but the bigger capital plan and accelerated spend are the real story for a utility levered to Houston load growth.
At the time of this announcement, CNP was trading at $41.49 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 news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.