CenterPoint Energy Inc.
04/23/2026 | Press release | Distributed by Public on 04/23/2026 04:16
CenterPoint Energy reports strong Q1 2026 results; reiterates full-year 2026 guidance; provides an update on Houston Electric load growth (Form 8-K)
CenterPoint Energy reports strong Q1 2026 results; reiterates full-year 2026 guidance; provides an update on Houston Electric load growth
| · | Reports Q1 2026 earnings of $0.48 per diluted share on a GAAP basis and $0.56 per diluted share on a non-GAAP basis ("non-GAAP EPS") |
| · | Reiterates its 2026 non-GAAP EPS guidance range of at least the midpoint of $1.89-$1.91, which, at the midpoint, would represent 8% growth over 2025 delivered results1 |
| · | Announces 12.2 gigawatts of firmly committed industrial load at Houston Electric, expecting 8 gigawatts of data center load to be energized by 2029 |
Houston - April 23, 2026 - CenterPoint Energy, Inc. (NYSE: CNP), or "CenterPoint," today reported net income of $316 million, or $0.48 per diluted share, on a GAAP basis for the first quarter of 2026, compared to $0.45 per diluted share in the comparable period of 2025.
Non-GAAP EPS for the first quarter of 2026 was $0.56, compared to $0.53 per diluted share in the comparable period of 2025. These strong first-quarter results were primarily driven by growth and regulatory recovery, which contributed $0.11 per share of favorability compared to the first quarter of 2025. This favorability was partially offset by $0.02 per share of unfavorable weather and usage and $0.04 of unfavorability from increased interest expense. Additionally, $0.03 of unfavorable variance was primarily related to the divestiture of Louisiana and Mississippi natural gas LDC businesses, reflecting the completed sale in the first quarter of 2025.
CenterPoint announced more than 12 gigawatts of firmly committed industrial load and increased its data center load forecast, now expecting to energize 8 gigawatts of projects in the Greater Houston area by 2029, with 3.5 gigawatts already under construction.
"We are fortunate to be living in one of the most unique and exciting times in our industry's history. Our teams are moving at pace to execute our customer-focused capital plans, deliver strong financial results, and facilitate real and tangible electric load growth for the benefit of all our customers. Our strong first quarter performance positions us well for the remainder of the year and delivering results at or above the midpoint of our 2026 earnings guidance range. We remain confident that we are making the right investments to produce safer, more reliable, and more resilient outcomes than ever before." said Jason Wells, chair of the Board, president and CEO of CenterPoint.
"We understand the best way to deliver on affordability for our current customers is by bringing more connections onto our electric systems. With the incremental and accelerating growth we see in Greater Houston alone, we project to be able to deliver customer savings of approximately $4 billion over the next decade. Through our team's disciplined execution and moving at the speed of business, we have made meaningful progress for numerous new customers to help them realize their large load connections. As a result, we now have clear line of sight to 12.2 gigawatts of firmly committed industrial load. Given all these trends, we continue to believe we have one of the most tangible and executable growth plans in the industry." concluded Wells.
1 CenterPoint is unable to present a quantitative reconciliation of forward-looking non-GAAP diluted earnings per share without unreasonable effort because changes in the value of ZENS (as defined herein) and related securities, future impairments, and other unusual items are not estimable and are difficult to predict due to various factors outside of management's control.
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Earnings Outlook
In addition to presenting its financial results in accordance with GAAP, including presentation of net income or income available to common shareholders (loss) and diluted earnings (loss) per share, CenterPoint provides guidance based on non-GAAP income and non-GAAP diluted earnings per share. Generally, a non-GAAP financial measure is a numerical measure of a company's historical or future financial performance that excludes or includes amounts that are not normally excluded or included in the most directly comparable GAAP financial measure.
Management evaluates CenterPoint's financial performance in part based on non-GAAP income and non-GAAP diluted earnings per share. Management believes that presenting these non-GAAP financial measures enhances an investor's understanding of CenterPoint's overall financial performance by providing them with an additional meaningful and relevant comparison of current and anticipated future results across periods. The adjustments made in these non-GAAP financial measures exclude items that management believes do not most accurately reflect the company's fundamental business performance. These excluded items are reflected in the reconciliation tables of this news release, where applicable. CenterPoint's non-GAAP income and non-GAAP diluted earnings per share measures should be considered as a supplement to, and not as a substitute for, or superior to, net income and diluted earnings per share, which respectively are the most directly comparable GAAP financial measures. These non-GAAP financial measures also may be different than non-GAAP financial measures used by other companies.
2025 and 2026 non-GAAP EPS and 2026 non-GAAP EPS guidance range
| · | 2025 and 2026 non-GAAP EPS and 2026 non-GAAP EPS guidance excludes: |
| ◦ | Earnings or losses from the change in value of CenterPoint's 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029 ("ZENS") and related securities; |
| ◦ | Gains, losses and impacts, including related expenses, associated with mergers and divestitures, such as the divestiture of our Louisiana and Mississippi natural gas LDC businesses and the announced sale of our Ohio natural gas LDC business; |
| ◦ | Impacts related to temporary emergency electric energy facilities "TEEEF" once they are no longer part of our rate-regulated business. |
In providing 2025 and 2026 non-GAAP EPS and 2026 non-GAAP EPS guidance, CenterPoint does not consider the items noted above and other potential impacts such as changes in accounting standards, impairments, or other unusual items, which could have a material impact on GAAP reported results for the applicable guidance period. The 2026 non-GAAP EPS guidance range also considers assumptions for certain significant variables that may impact earnings, such as customer growth and usage including normal weather, throughput, recovery of capital invested, effective tax rates, financing activities and related interest rates, and regulatory and judicial proceedings. To the extent actual results deviate from these assumptions, the 2026 non-GAAP EPS guidance range may not be met, or the projected annual non-GAAP EPS growth rate may change. CenterPoint is unable to present a quantitative reconciliation of forward-looking non-GAAP diluted earnings per share without unreasonable effort because changes in the value of ZENS and related securities, future impairments, and other unusual items are not estimable and are difficult to predict due to various factors outside of management's control.
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Reconciliation of consolidated net income and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share
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Three Months Ended March 31, 2026 |
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|
Dollars in millions |
Diluted EPS(1) |
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| Consolidated net income and diluted EPS on a GAAP basis | $ | 316 | $ | 0.48 | ||||
| ZENS-related mark-to-market (gains) losses: | ||||||||
| Equity securities (net of tax expense of $10)(2)(3) | (36 | ) | (0.05 | ) | ||||
| Indexed debt securities (net of tax benefit of $9)(2) | 35 | 0.05 | ||||||
| Impacts associated with mergers and divestitures (net of tax expense of $15)(2)(4) | 34 | 0.05 | ||||||
| Impacts associated with TEEEF Units removed from Rate Base (net of tax benefit of $5)(5) | 19 | 0.03 | ||||||
| Consolidated income and diluted EPS on a non-GAAP basis(6) | $ | 368 | $ | 0.56 | ||||
| 1) | Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS |
| 2) | Taxes are computed based on the impact removing such item would have on tax expense. Taxes related to the Ohio natural gas LDC business sale are booked proportionately by applying the projected annual effective tax rate percentage to income earned each quarter in accordance with GAAP |
| 3) | Comprised of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc. |
| 4) | Includes $13 million loss on early debt extinguishment associated with the planned divestiture of the Ohio natural gas LDC business and removes income tax impacts related to the sale |
| 5) | Represents impacts related to temporary emergency electric energy facilities following the removal of the units from our rate regulated business |
| 6) | The calculation on a per-share basis may not add down due to rounding |
Reconciliation of consolidated net income and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share
|
Three Months Ended March 31, 2025 |
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|
Dollars in millions |
Diluted EPS(1) |
|||||||
| Consolidated net income and diluted EPS on a GAAP basis | $ | 297 | $ | 0.45 | ||||
| ZENS-related mark-to-market (gains) losses: | ||||||||
| Equity securities (net of tax expense of $17)(2)(3) | (63 | ) | (0.10 | ) | ||||
| Indexed debt securities (net of tax benefit of $16)(2) | 62 | 0.10 | ||||||
| Impacts associated with mergers and divestitures (net of tax expense of $0)(2)(4) | 48 | 0.08 | ||||||
| Consolidated income and diluted EPS on a non-GAAP basis(5) | $ | 344 | $ | 0.53 | ||||
| 1) | Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS |
| 2) | Taxes are computed based on the impact removing such item would have on tax expense. Taxes related to the Louisiana and Mississippi natural gas LDC businesses sale are booked proportionately by applying the projected annual effective tax rate percentage to income earned each quarter in accordance with GAAP. Additional tax expense related primarily to the write-off of non-deductible goodwill was reflected in tax expense over the remainder of 2025 and excluded from non-GAAP EPS. |
| 3) | Comprised of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc. |
| 4) | Includes $43 million loss on sale associated with the divestiture of our Louisiana and Mississippi natural gas LDC businesses |
| 5) | The calculation on a per-share basis may not add down due to rounding |
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Reconciliation of consolidated net income and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share
|
Twelve Months Ended December 31, 2025 |
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|
Dollars in millions |
Diluted EPS(1) |
|||||||
| Consolidated net income and diluted EPS on a GAAP basis | $ | 1,052 | $ | 1.60 | ||||
| ZENS-related mark-to-market (gains) losses: | ||||||||
| Equity securities (net of tax benefit of $11)(2)(3) | 40 | 0.06 | ||||||
| Indexed debt securities (net of tax expense of $12)(2) | (43 | ) | (0.07 | ) | ||||
| Impacts associated with mergers and divestitures (net of tax expense of $22)(2)(4) | 60 | 0.09 | ||||||
| Impacts associated with TEEEF Units removed from Rate Base (net of tax benefit of $12)(5) | 46 | 0.07 | ||||||
| Consolidated income and diluted EPS on a non-GAAP basis(6) | $ | 1,155 | $ | 1.76 | ||||
| 1) | Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS |
| 2) | Taxes are computed based on the impact removing such item would have on tax expense. Taxes related to the Louisiana and Mississippi natural gas LDC business sale are booked proportionately by applying the projected annual effective tax rate percentage to income earned each quarter in accordance with GAAP. Additional tax expense related primarily to the write-off of non-deductible goodwill was reflected in tax expense over the remainder of 2025 and excluded from non-GAAP EPS |
| 3) | Comprised of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc. |
| 4) | Includes $37 million loss on sale associated with the divestiture of our Louisiana and Mississippi natural gas LDC businesses and gain on early extinguishment of debt with proceeds from the divestiture of the Louisiana and Mississippi natural gas LDC businesses |
| 5) | Represents impacts related to temporary emergency electric energy facilities following the removal of the units from our rate regulated business |
| 6) | The calculation on a per-share basis may not add down due to rounding |
Filing of Form 10-Q for CenterPoint Energy, Inc.
Today, CenterPoint Energy, Inc. filed with the Securities and Exchange Commission ("SEC") its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. A copy of that report is available on the company's website, under the Investors section. Investors and others should note that we may announce material information using SEC filings, press releases, public conference calls, webcasts, and the Investor Relations page of our website. In the future, we will continue to use these channels to distribute material information about the company and to communicate important information about the company, key personnel, corporate initiatives, regulatory updates, and other matters. Information that we post on our website could be deemed material; therefore, we encourage investors, the media, our customers, business partners and others interested in our company to review the information we post on our website.
Webcast of Earnings Conference Call
CenterPoint's management will host an earnings conference call on April 23, 2026, at 7:00 a.m. Central time / 8:00 a.m. Eastern time. Interested parties may listen to a live audio broadcast of the conference call on the company's website under the Investors section. A replay of the call can be accessed approximately two hours after the completion of the call and will be archived on the website for at least one year.
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About CenterPoint Energy, Inc.
As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of March 31, 2026, the company owned approximately $47.8 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.
CenterPoint Energy Inc. published this content on April 23, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 23, 2026 at 10:17 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]