CenterPoint Energy (CNP) investor relations material

Executive summary

• Reported strong Q1 2026 results with non-GAAP EPS of $0.56 and GAAP EPS of $0.48, up from $0.53 and $0.45 in Q1 2025, driven by growth and regulatory recovery.

• Reiterated full-year 2026 non-GAAP EPS guidance of $1.89–$1.91, representing 8% growth over 2025.

• Announced 12.2 GW of firmly committed new industrial load in Houston Electric, with 8 GW expected to be energized by 2029 and 3.2–3.5 GW already ERCOT-approved or under construction.

• Projects ~$4 billion in customer savings over the next decade from accelerating load growth in Greater Houston.

• Nearly 70% of 2026 financing needs completed, maintaining strong balance sheet health.

Financial highlights

• Q1 2026 non-GAAP EPS was $0.56; GAAP EPS was $0.48; net income was $316 million.

• Growth and rate recovery contributed $0.11 to earnings year-over-year; weather and usage were $0.02 unfavorable; higher interest expense was $0.04 unfavorable.

• $1.2 billion invested in Q1 2026; on track for $6.8 billion in capital deployment for the year.

• 10-year capital investment plan of ~$65.5 billion through 2035, with at least $10 billion in incremental opportunities.

Outlook and guidance

• Reiterated 2026 non-GAAP EPS guidance of $1.89–$1.91, targeting 8% growth over 2025.

• Long-term non-GAAP EPS growth expected at 7%–9% annually through 2028 and 2035.

• Targeting top decile EPS growth and 6% dividend per share growth.

• Guidance excludes impacts from ZENS, mergers/divestitures, and TEEEF units once removed from rate base.