CenterPoint Energy (CNP) Q2 2026 earnings summary

Executive summary

• Reported Q2 2026 non-GAAP EPS of $0.40 and GAAP EPS of $0.37, up from $0.29 and $0.30 in Q2 2025, with net income rising to $244 million, driven by strong Electric segment performance and operational improvements.

• Increased 10-year capital investment plan by $1.2 billion to $66.7 billion through 2035, supporting large load growth, Houston Downtown Revitalization, and system resiliency.

• Announced sale of Ohio natural gas LDC business for $2.62 billion, expected to close in Q4 2026, with proceeds to be redeployed for growth investments.

• Significant progress in ERCOT's Batch Zero process, with 14 GW of eligible projects representing a 65% increase in Houston Electric peak demand and $900 million in customer commitments.

• Continued execution of the Greater Houston Resiliency Initiative, including installation of over 69,000 storm-resilient poles and targeting a 150 million reduction in customer outage minutes by year-end 2026.

Financial highlights

• Q2 2026 non-GAAP EPS was $0.40 and GAAP EPS was $0.37; net income was $244 million, up from $198 million in Q2 2025.

• Revenues for Q2 2026 were $2.15 billion, up from $1.94 billion in the prior year quarter, with operating income at $534 million.

• Capital expenditures for 1H 2026 totaled ~$2.7 billion, with FY 2026 projected at ~$6.8 billion; invested $1.5 billion in Q2, completing 40% of planned 2026 capital spend.

• Adjusted FFO to debt ratio improved to 13.4% (Moody's adjusted), up nearly 100 basis points from Q1.

• Cash flow from operations for the first six months of 2026 was $1.06 billion, up from $970 million in the prior year period.

Outlook and guidance

• Reiterated 2026 non-GAAP EPS guidance of $1.89–$1.91, targeting 7–9% annual non-GAAP EPS growth through 2028 and 2035, and 6% annual dividend growth.

• No additional equity financing needed for the updated capital plan in 2026; future investments to be added as projects are defined.

• Anticipates higher cash flow from new demand charges ($6 million per GW per month) as 14 GW of new load is energized over five years.

• Assumptions include customer growth, normal weather, capital recovery, tax rates, and regulatory outcomes.