CenterPoint Q2 EPS Jumps 38%, Lifts 10-Year Capex to $66.7B on Surging Houston Demand
CNP sits 20% above its 52-week low of $36.605.
Summary
CenterPoint Energy reported Q2 non-GAAP EPS of $0.40, up 38% from $0.29 a year ago, driven by growth and regulatory recovery. The company raised its 10-year capital plan by $1.2 billion to $66.7 billion, reflecting accelerating large-load demand in Houston. It submitted over 17 GW of projects through ERCOT's Batch Zero process, with approximately 14 GW eligible as base or studied load, representing a potential 65% increase over current Houston Electric peak demand. Management reiterated full-year 2026 guidance and highlighted that new connections could reduce residential and commercial delivery charges by at least $5 billion over the next decade. This follows the $1 billion ATM equity program launched in May, providing funding capacity for the expanded capex.
At the time of this announcement, CNP was trading at $43.90 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $28.8B. The 52-week trading range was $36.61 to $45.22. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.