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For more information contact Media: Communications Media.Relations@CenterPointEnergy.com Investors: Ben Vallejo / Ellie Wood Phone 713.207.6500
CenterPoint Energy reports strong Q3 2026 results; raises earnings guidance and increases capital plan; extends higher growth outlook through 2030
Reports · Q3 2026 earnings of $0.50 per diluted share on a GAAP basis and $0.53 per diluted share on a non-GAAP basis (“non-GAAP EPS”)
Raises · 2026 non-GAAP EPS guidance range to $1.90-$1.92, representing nearly 9% growth at the midpoint over 2025 delivered results 1
Increases · 10-year capital plan by $4.0 billion to $70.7 billion and accelerates $1.5 billion of investment into 2026-2030, supporting a rate base CAGR of more than 14% through 2030
Initiates · 2027 non-GAAP EPS guidance range of $2.07-$2.09, representing approximately 9% growth at the midpoint over increased 2026 guidance1
Extends · non-GAAP EPS growth at the mid-to-high end of its 7%-9% annual range through 2030
Houston – October 27, 2026 –CenterPoint Energy, Inc. (NYSE: CNP), or “CenterPoint,” today reported net income of $331 million, or $0.50 per diluted share, on a GAAP basis for the third quarter of 2026, compared to $0.45 per diluted share in the comparable period of 2025.
Non-GAAP EPS for the third quarter of 2026 was $0.53 per diluted share, compared to $0.50 per diluted share in the comparable period of 2025. These strong third quarter results were primarily driven by growth and rate recovery, which contributed $0.09 per share of favorability compared to the third quarter of 2025. Weather and usage contributed $0.03 per share of favorable variance compared to the comparable quarter of 2025, while O&M was flat for the quarter. These drivers were partially offset by $0.04 per share of unfavorable variance from higher financing expenses, reflecting new debt issuances and equity dilution. Lastly, other items contributed $0.05 per share of unfavorable variance when compared to the third quarter of 2025, primarily related to the absence of the one-time tax optimization benefit recorded last year.
CenterPoint increased its 10-year capital investment plan by $4.0 billion from $66.7 billion to $70.7 billion and accelerated another $1.5 billion of investments into the first 5 years to support accelerating customer demand in the Greater Houston area. It also maintained its incremental capital investment opportunities of at least $10 billion through 2035.
1CenterPoint 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. 1 The company also extended its expectation for non-GAAP EPS growth at the mid-to- high end of its 7% to 9% annual range through 2030. “We continue to see accelerated growth opportunities across Greater Houston, where the region’s speed-to-market advantage is creating a compelling pipeline of additional customer-driven investment opportunities. This growth also supports affordability as we expect it will drive approximately $5 billion in savings for Texas residential and commercial customers over the next decade. Beyond today’s $4 billion capital plan increase to expand system capacity to accommodate growth, we see at least another $10 billion of additional opportunities to enable system reliability, enhance safety and drive economic development across our service territories,” said Jason Wells, Chair of the Board, President and CEO of CenterPoint.
“We believe continuing to invest with discipline and staying true to our proven, customer-driven approach, allows us to sustain our competitive advantage and remain ready for the next wave of customer demand. That positions us well to continue to deliver on one of the industry's most tangible and executable long- term growth plans for the benefit of all our stakeholders,” concluded Wells. 2 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.
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, Mississippi and Ohio natural gas LDC businesses;
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 and 2027 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 and 2027 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 and 2027 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. 3 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 September 30, 2026 ────────────────────────────────────────────────────────────────────────────── Dollars in Diluted millions EPS(1) Consolidated net income and diluted EPS $ 331 $ 0.50 on a GAAP basis ZENS-related mark-to-market (gains) losses: Equity securities (net of tax expense of (17 ) (0.03 ) $4)(2)(3) Indexed debt securities (net of tax 19 0.03 benefit of $5)(2) Impacts associated with mergers 2 0.00 and divestitures (net of tax benefit of $1)(2)(4) Impacts associated with TEEEF Units removed from Rate Base 19 0.03 (net of tax benefit of $5)(5) Consolidated income and diluted EPS on $ 354 $ 0.53 a non-GAAP basis(6)
Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted 1) 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
Taxes are computed based on the impact removing such item would have on tax expense. Taxes related 2) 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
Comprised 3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc.
Includes 4) $8 million gain on early extinguishment of debt associated with the divestiture of the Ohio natural gas LDC business that was completed on October 1, 2026
Represents 5) impacts related to temporary emergency electric energy facilities following the removal of the units from our rate regulated business
Reconciliation of consolidated net income (loss) and diluted earnings (loss) per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share
Nine Months Ended September 30, 2026 ────────────────────────────────────────────────────────────────────────────── Dollars in Diluted millions EPS(1) Consolidated net income and diluted EPS $ 891 $ 1.34 on a GAAP basis ZENS-related mark-to-market (gains) losses: Equity securities (net of tax benefit of 67 0.10 $18)(2)(3) Indexed debt securities (net of tax (63 ) (0.10 ) expense of $17)(2) Impacts associated with mergers 38 0.06 and divestitures (net of tax expense of $9)(2)(4) Impacts associated with TEEEF Units removed from Rate Base 57 0.09 (net of tax benefit of $15)(5) Consolidated on a $ 990 $ 1.49 non-GAAP basis(6)
Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted 1) 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 Taxes are computed based on the impact removing such item would have on tax expense. Taxes related 2) 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 Comprised 3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc.
Includes 4) $5 million loss on early debt extinguishment associated with the divestiture of the Ohio natural gas LDC business that was completed on October 1, 2026 Represents 5) 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
Three Months Ended September 30, 2025 ────────────────────────────────────────────────────────────────────────────── Dollars in Diluted millions EPS(1) Consolidated net income (loss) and $ 293 $ 0.45 diluted EPS on a GAAP basis ZENS-related mark-to-market (gains) losses: Equity securities (net of tax benefit of 82 0.13 $22)(2)(3) Indexed debt securities (net of tax (83 ) (0.13 ) expense of $22)(2) Impacts associated with mergers 19 0.03 and divestitures (net of tax expense of $8)(2)(4) Impacts associated with TEEEF Units removed from Rate Base 17 0.02 (net of tax benefit of $5)(5) Consolidated income and diluted EPS on $ 328 $ 0.50 a non-GAAP basis(6)
Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted 1) 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 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 2) 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 Comprised 3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc. Primarily includes gain on early extinguishment of debt with proceeds from the 4) divestiture of the Louisiana and Mississippi natural gas LDC businesses, and transaction costs related to the announced Ohio natural gas LDC business sale Represents 5) 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
Twelve Months Ended December 31, 2025 ────────────────────────────────────────────────────────────────────────────── Dollars in Diluted millions EPS(1) Consolidated net income and diluted EPS $ 1,052 $ 1.60 on a GAAP basis ZENS-related mark-to-market (gains) losses: Equity securities (net of tax benefit of 40 0.06 $11)(2)(3) Indexed debt securities (net of tax (43 ) (0.07 ) expense of $12)(2) Impacts associated with mergers and 60 0.09 divestitures (net of tax expense of $22)(2)(4) Impacts associated with TEEEF Units removed from Rate Base 46 0.07 (net of tax benefit of $12)(5) Consolidated income and diluted EPS $ 1,155 $ 1.76 on a non-GAAP basis(6)
Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted 1) 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
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 2) 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 Comprised 3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc. Includes $37 million loss on sale associated with the divestiture of our 4) 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 Represents 5) 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
Twelve Months Ended December 31, 2024 ────────────────────────────────────────────────────────────────────────────── Dollars in Diluted millions EPS(1) Consolidated net income and diluted EPS $ 1,019 $ 1.58 on a GAAP basis ZENS-related mark-to-market (gains) losses: Equity securities (net of tax expense of (15 ) (0.02 ) $4)(2)(3) Indexed debt securities (net of tax 11 0.01 benefit of $3)(2) Impacts associated with mergers and 26 0.04 divestitures (net of tax expense of $3)(2)(4) Consolidated income and diluted EPS $ 1,041 $ 1.62 on a non-GAAP basis(5)
Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted 1) 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 Taxes 2) are computed based on the impact removing such item would have on tax expense Comprised 3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc. Includes 4) professional fees associated with execution of transactions from the sale of Louisiana and Mississippi natural gas LDC businesses 5) The calculation on a per-share basis may not add down due to rounding
Reconciliation of consolidated income available to common shareholders and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share
Twelve Months Ended December 31, 2023 ────────────────────────────────────────────────────────────────────────────── Dollars in Diluted millions EPS(1) Consolidated income available to common shareholders and $ 867 $ 1.37 diluted EPS on a GAAP basis ZENS-related mark-to-market (gains) losses: Equity securities (net of taxes of (25 ) (0.04 ) $7)(2)(3) Indexed debt securities (net of taxes of 21 0.03 $6)(2) Impacts associated with mergers 89 0.14 and divestitures (net of taxes of $64)(2)(4) Consolidated income and diluted EPS $ 952 $ 1.50 on a non-GAAP basis(5)
Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted 1) 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
Taxes are computed based on the impact removing such item would have on tax expense. Taxes related 2) to the operating results of Energy Systems Group, as well as cash taxes payable and other tax impacts related to the sale of Energy Systems Group, are excluded from non-GAAP EPS Comprised 3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc. Includes $4.4 million of pre-tax operating loss related to Energy Systems Group, 4) a divested non-regulated business, as well as the $13 million loss on sale and approximately $2 million of other indirect related transaction costs associated with the divestiture 5) The calculation on a per-share basis may not add down due to rounding
Reconciliation of consolidated income available to common shareholders and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share
Twelve Months Ended December 31, 2022 ────────────────────────────────────────────────────────────────────────────── Dollars in Diluted millions EPS(1) Consolidated income available to common shareholders $ 1,008 $ 1.59 and diluted EPS on a GAAP basis ZENS-related mark-to-market (gains) losses: Equity securities (net of taxes of 247 0.39 $66)(2)(3) Indexed debt securities (net of (256 ) (0.40 ) taxes of $68)(2) Midstream-related earnings (net (46 ) (0.07 ) of taxes of $2)(2)(4) Impacts associated with mergers and (80 ) (0.13 ) divestitures (net of taxes of $165)(2)(5) Consolidated income and diluted EPS $ 873 $ 1.38 on a non-GAAP basis(6)
Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted 1) 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 Taxes 2) are computed based on the impact removing such item would have on tax expense Comprised 3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc. Includes earnings and expenses related to ownership and disposal of Energy Transfer units, a corresponding 4) amount of debt related to the units and an allocation of associated corporate overhead; Includes costs associated with early extinguishment of $600 million debt at CenterPoint Energy, Inc. of approximately $35 million, net of taxes Includes a settlement charge of $35 million, net of tax, related to CenterPoint Energy pension plan’s 5) purchase of a group annuity contract in December 2022 to transfer benefit obligations of CenterPoint Energy’s previously divested businesses to an insurance company 6) The calculation on a per-share basis may not add down due to rounding
7 Reconciliation of consolidated income (loss) available to common shareholders and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share
Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of 1) shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS. EPS figures for Utility Operations, Corporate and Other, and Discontinued Operations are non-GAAP financial measures. Taxes 2) are computed based on the impact removing such item would have on tax expense 3) Comprised of common stock of AT&T Inc. and Charter Communications, Inc. Includes 4) gain from remeasurement of state deferred taxes, costs to achieve the sales and costs associated with the early extinguishment of debt 5) Comprised of Energy Transfer common and Series G preferred units Includes 6) impacts associated with the Vectren merger and the sales of Infrastructure Services (CIS) and Mobile Energy Solutions (MES) 7) Corporate and Other, plus income allocated to preferred shareholders
8 Reconciliation of consolidated income (loss) available to common shareholders and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share
Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of 3) shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS. EPS figures for Utility Operations, Corporate and Other, and Discontinued Operations are non-GAAP financial measures.
Taxes 4) are computed based on the impact removing such item would have on tax expense
Results 7) related to Energy Services and Infrastructure Services discontinued operations are excluded from the company's non-GAAP results
Today, CenterPoint Energy, Inc. filed with the Securities and Exchange Commission (“SEC”) its Quarterly Report on Form 10-Q for the quarter ended September 30, 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.
CenterPoint’s management will host an earnings conference call on October 27, 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.
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 nearly 7 million metered customers in Indiana, Minnesota, and Texas. As of September 30, 2026, the company owned
approximately $49.5 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.co m.
This news release includes, and the earnings conference call will include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this news release and the earnings conference call are forward-looking statements made in good faith by CenterPoint and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, including statements concerning CenterPoint’s expectations, beliefs, plans, objectives, goals, strategies, future operations, events, financial position, earnings and guidance, growth, costs, prospects, capital investments or performance or underlying assumptions and other statements that are not historical facts. You should not place undue reliance on forward-looking statements. When used in this news release and the conference call, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. The absence of these words, however, does not mean that the statements are not forward-looking. 10 Examples of forward- looking statements in this news release or on the earnings conference call include statements about CenterPoint’s 10-year capital investment plan and the projects and programs therein (which include Houston Electric’s Greater Houston Resiliency Initiative, System Resiliency Plan, industrial load growth projects, large load customers and 765 kilovolt transmission projects, and other plans, projects and programs relating to electric transmission, generation, resiliency, reliability, safety, and system modernization), including the amount of gigawatts expected to be connected to the Houston Electric system, timing, execution, financing, costs, affordability, and anticipated benefits thereof, including the amount and timing of anticipated cost savings for customers, regulatory matters relating thereto, including ERCOT’s approval of the amount of gigawatts to be added to the system, allocation of such gigawatts between base and studied load and the impact to timing of the energization of such projects as a result, and related matters, other capital investments and opportunities therefor (including with respect to incremental capital opportunities, deployment of capital, execution, financing and timing of such projects, and anticipated benefits related thereto), future earnings and guidance, CenterPoint’s goals regarding the resiliency, reliability, and safety of our electric and gas systems, CenterPoint’s long-term growth rate and plans related thereto, dividend growth and payouts, customer charges, customer bills and rate affordability (including forecasts of potential customer savings), operations and maintenance expense reductions, the sale of our Ohio natural gas LDC business (including with respect to timing, anticipated benefits, and related matters, such as the Seller’s Note), anticipated benefits thereof, regulatory matters including the timing of, projections for, recovery through and anticipated benefits from the settlement of, rate cases and interim capital trackers for CenterPoint and its subsidiaries (as applicable), base rate growth and population growth and economic development in CenterPoint’s service territories, CenterPoint’s ability to support economic growth, meet customer needs and improve customer experiences, Houston Electric’s release of its 15 large 27 megawatt (“MW”) to 32 MW temporary emergency electric energy facilities (“TEEEF”) units to the San Antonio area and its ability to complete one or more other future transactions involving various sizes of TEEEF units (including with respect to timing, filings related thereto, corresponding reductions in Houston Electric’s TEEEF fleet capacity, anticipated benefits including with respect to revenue generation, rates, expected market demand for the units, and related matters), the timing and extent of CenterPoint's recovery of costs and investments, electric demand growth (including industrial load growth) in CenterPoint’s service territories (including forecasts and the drivers thereof, our ability to meet capacity needs related thereto, interconnection requests and projects related thereto and our ability to connect customers, anticipated timing and the speed with which we can energize such projects and the charges and bills related to such projects, capital investment opportunities related thereto, the timing of investments related thereto, and anticipated benefits of such growth), transmission planning studies and anticipated results thereof, financing plans (including in relation to operating cash flow, capital recycling, and the need for, timing of, and anticipated benefits of any future equity or debt issuances, forward sales, and securitization, credit metrics and parent level debt), preparation for weather conditions, CenterPoint’s 2.0% Zero- Premium Exchangeable Subordinated Notes due 2029 (“ZENS”) and impacts of the maturity of ZENS, CenterPoint’s credit health, tax structure and liability (including with respect to the Corporate Alternative Minimum Tax and guidance related thereto), balance sheet health, future financial condition, financial performance and results of operations, value creation, opportunities and expectations. We have based our forward-looking statements on our management’s beliefs and assumptions based on information currently available to our management at the time the statements are made. We caution you that assumptions, beliefs, expectations, intentions, and projections about future events may and often do vary materially from actual results. Therefore, we cannot assure you that actual results will not differ materially from those expressed or implied by our forward-looking statements. Each forward-looking statement contained in this news release or discussed on the earnings conference call speaks only as of the date of this release or the earnings conference call. 11 Some of the factors that could cause actual results to differ from those expressed or implied by our forward-looking information include, but are not limited to, risks and uncertainties relating to: (1) the business strategies and strategic initiatives, restructurings, joint ventures and acquisitions or dispositions of assets or businesses involving CenterPoint or its industry, including the ability to successfully complete such strategies, initiatives, transactions or plans on the timelines we expect or at all, such as the completed sale of our Ohio natural gas LDC business, which we cannot assure you will have the anticipated benefits to us; (2) industrial, commercial and residential growth in CenterPoint’s service territories and changes in market demand and energy consumption, including in relation to the expansion of data centers, energy refining and exports, advanced manufacturing and logistics, as well as the effects of energy efficiency measures, technological advances and demographic patterns, and our ability to appropriately estimate/forecast and effectively manage such demand and the business opportunities relating to such matters (including the receipt of timely large-load interconnection regulatory approvals) as well as obtain the anticipated benefits, including related to customer affordability, associated with such demand; (3) the amount of gigawatts projected to be connected to the Houston Electric system and the timing of such additional large-load customer connections and associated energization, which may be affected by any delays or cancellations, including from large-load customers’ failure to obtain ERCOT approval into Batch Zero and future batch frameworks, or legislative, regulatory or government actions; (4) CenterPoint’s ability to fund and invest planned capital, and the timely recovery of its investments, including those related to CenterPoint’s 10-year capital plan; (5) the ability to execute and complete CenterPoint’s planned capital projects and programs, including those within CenterPoint’s 10-year capital plan, in a timely and cost-effective manner and within budget, obtain the anticipated benefits of such projects, and manage costs and impacts of such projects on customer affordability; (6) CenterPoint’s ability to successfully construct, operate, repair, maintain, replace and restart electric generating facilities, natural gas facilities, TEEEF and electric transmission facilities; (7) the timing and success of, and the ability to obtain approval for matters relating to, Houston Electric’s release of its large TEEEF units to the San Antonio area, proposed removal of its medium TEEEF units, reduction of its TEEEF fleet capacity and reduction of rates to reflect the removal of the large and medium TEEEF units from Houston Electric’s TEEEF fleet, as well as the ability to complete one or more other future transactions involving the large and medium TEEEF units on acceptable terms and conditions within the anticipated timeframe; (8) financial market and general economic conditions, including access to debt and equity capital, economic uncertainty and volatility, inflation, potential for recession, interest rates, and their effect on sales, prices and costs; (9) disruptions to the global supply chain, labor shortages and scarcity of certain materials, including as a result of changes in U.S. and foreign trade policy and geopolitical and economic uncertainty or instability, including the conflict involving Iran; (10) actions by credit rating agencies, including any potential downgrades to credit ratings; (11) the timing and impact of regulatory proceedings and actions and legal proceedings, including those related to, among other things, Hurricane Beryl, Houston Electric’s TEEEF units and the February 2021 winter storm event, and requested or favorable adjustments to rates and approval of other requested items as part of base rate proceedings or interim rate mechanisms; (12) federal, state and local legislative, executive and regulatory actions or developments, including any actions resulting from Hurricane Beryl, pipeline integrity and safety, actions relating to our facilities and changes in regulation, legislation and governmental actions pertaining to the utility model, proposed large- load customer connections, trade (including tariffs, bans, retaliatory trade measures taken against the United States or related government action), tax legislation and guidance (including further changes to or clarification of the One Big Beautiful Bill Act and the Inflation Reduction Act), the implementation of budget and spending cuts to federal government agencies and programs, effects of government shutdowns, and developments related to the environment; (13) the impact of public health threats; (14) severe weather events, natural disasters and other climate-related impacts, and CenterPoint’s ability to mitigate such impacts, including the approval and timing of securitization issuances; (15) damages to our network, facilities and systems, including as a result of wildfires; (16) changes in business plans; (17) changes to technology and our ability to anticipate, adapt to and implement technological changes and advances in and our ability to timely adopt, develop and deploy, artificial intelligence; (18) operations and maintenance costs, our ability to control such costs and cost-related impacts on the affordability of our rates for our customers; (19) CenterPoint’s ability to timely obtain and maintain necessary land rights, licenses, permits, easements and approvals from landowners and local, state, federal and other regulatory authorities on acceptable terms and resolve disputes or third-party challenges to such licenses, permits or approvals, as applicable; (20) CenterPoint’s ability to execute on its strategy, initiatives, targets and goals, including its energy transition goals and operations and maintenance goals; and (21) other factors discussed in CenterPoint’s Annual Report on Form 10- K for the fiscal year ended December 31, 2025 and CenterPoint’s Quarterly Report Form 10-Q for the quarters ended March 31, 2026, June 30, 2026 and September 30, 2026, including under “Risk Factors,” “Cautionary Statements Regarding Forward-Looking Information” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Certain Factors Affecting Future Earnings” in such report and in other filings with the Securities and Exchange Commission (“SEC”) by CenterPoint, which can be found at www.centerpointenergy.comon the Investor Relations page or on the SEC website at www.sec.gov. 12
Full text with the tables
Exhibit 99.1
For more information contact
Media:
Communications
Media.Relations@CenterPointEnergy.com
Investors:
Ben Vallejo / Ellie Wood
Phone 713.207.6500
CenterPoint Energy reports strong Q3 2026 results; raises earnings guidance and
increases capital plan; extends higher growth outlook through 2030
Reports
· Q3 2026 earnings of $0.50 per diluted share on a GAAP basis and $0.53 per
diluted share on
a non-GAAP basis (“non-GAAP EPS”)
Raises
· 2026 non-GAAP EPS guidance range to $1.90-$1.92, representing nearly 9%
growth at the midpoint
over 2025 delivered results 1
Increases
· 10-year capital plan by $4.0 billion to $70.7 billion and accelerates
$1.5 billion of investment
into 2026-2030, supporting a rate base CAGR of more than 14% through 2030
Initiates
· 2027 non-GAAP EPS guidance range of $2.07-$2.09, representing
approximately 9% growth at
the midpoint over increased 2026 guidance1
Extends
· non-GAAP EPS growth at the mid-to-high end of its 7%-9% annual range
through 2030
Houston – October 27, 2026 –CenterPoint Energy, Inc. (NYSE: CNP), or
“CenterPoint,” today reported net income of $331 million, or $0.50 per diluted
share, on a GAAP basis for the third quarter of 2026, compared to $0.45 per
diluted share in the comparable period of 2025.
Non-GAAP EPS for the third quarter of 2026 was $0.53 per diluted share, compared
to $0.50 per diluted share in the comparable period of 2025. These strong third
quarter results were primarily driven by growth and rate recovery, which
contributed $0.09 per share of favorability compared to the third quarter of
2025. Weather and usage contributed $0.03 per share of favorable variance
compared to the comparable quarter of 2025, while O&M was flat for the quarter.
These drivers were partially offset by $0.04 per share of unfavorable variance
from higher financing expenses, reflecting new debt issuances and equity
dilution. Lastly, other items contributed $0.05 per share of unfavorable
variance when compared to the third quarter of 2025, primarily related to the
absence of the one-time tax optimization benefit recorded last year.
CenterPoint increased its 10-year capital investment plan by $4.0 billion from
$66.7 billion to $70.7 billion and accelerated another $1.5 billion of
investments into the first 5 years to support accelerating customer demand in
the Greater Houston area. It also maintained its incremental capital investment
opportunities of at least $10 billion through 2035.
1CenterPoint 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.
1
The company also extended its expectation for non-GAAP EPS growth at the mid-to-
high end of its 7% to 9% annual range through 2030.
“We continue to see accelerated growth opportunities across Greater Houston,
where the region’s speed-to-market advantage is creating a compelling pipeline
of additional customer-driven investment opportunities. This growth also
supports affordability as we expect it will drive approximately $5 billion in
savings for Texas residential and commercial customers over the next decade.
Beyond today’s $4 billion capital plan increase to expand system capacity to
accommodate growth, we see at least another $10 billion of additional
opportunities to enable system reliability, enhance safety and drive economic
development across our service territories,” said Jason Wells, Chair of the
Board, President and CEO of CenterPoint.
“We believe continuing to invest with discipline and staying true to our proven,
customer-driven approach, allows us to sustain our competitive advantage and
remain ready for the next wave of customer demand. That positions us well to
continue to deliver on one of the industry's most tangible and executable long-
term growth plans for the benefit of all our stakeholders,” concluded Wells.
2
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 and 2027 non-GAAP EPS guidance range
· 2025
and 2026 non-GAAP EPS and 2026 and 2027 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, Mississippi and Ohio natural
gas LDC businesses;
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 and 2027 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 and 2027 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 and 2027 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.
3
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
September 30, 2026
──────────────────────────────────────────────────────────────────────────────
Dollars in Diluted
millions EPS(1)
Consolidated net income
and diluted EPS $ 331 $ 0.50
on a GAAP basis
ZENS-related
mark-to-market (gains)
losses:
Equity securities (net of
tax expense of (17 ) (0.03 )
$4)(2)(3)
Indexed debt securities
(net of tax 19 0.03
benefit of $5)(2)
Impacts
associated with mergers 2 0.00
and divestitures (net of
tax benefit of $1)(2)(4)
Impacts associated with
TEEEF Units
removed from Rate Base 19 0.03
(net of tax
benefit of $5)(5)
Consolidated
income and diluted EPS on $ 354 $ 0.53
a non-GAAP basis(6)
Quarterly
diluted EPS on both a GAAP and non-GAAP basis are based on the weighted
1) 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
Taxes
are computed based on the impact removing such item would have on tax
expense. Taxes related
2) 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
Comprised
3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner
Bros. Discovery,
Inc.
Includes
4) $8 million gain on early extinguishment of debt associated with the
divestiture of the Ohio
natural gas LDC business that was completed on October 1, 2026
Represents
5) 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 (loss) and diluted earnings (loss) per
share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share
Nine Months Ended
September 30, 2026
──────────────────────────────────────────────────────────────────────────────
Dollars in Diluted
millions EPS(1)
Consolidated net income
and diluted EPS $ 891 $ 1.34
on a GAAP basis
ZENS-related
mark-to-market (gains)
losses:
Equity securities (net of
tax benefit of 67 0.10
$18)(2)(3)
Indexed debt securities
(net of tax (63 ) (0.10 )
expense of $17)(2)
Impacts
associated with mergers 38 0.06
and divestitures (net of
tax expense of $9)(2)(4)
Impacts associated with
TEEEF Units
removed from Rate Base 57 0.09
(net of tax
benefit of $15)(5)
Consolidated on a $ 990 $ 1.49
non-GAAP basis(6)
Quarterly
diluted EPS on both a GAAP and non-GAAP basis are based on the weighted
1) 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
Taxes
are computed based on the impact removing such item would have on tax
expense. Taxes related
2) 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
Comprised
3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner
Bros. Discovery,
Inc.
4
Includes
4) $5 million loss on early debt extinguishment associated with the
divestiture of the Ohio
natural gas LDC business that was completed on October 1, 2026
Represents
5) 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
September 30, 2025
──────────────────────────────────────────────────────────────────────────────
Dollars in Diluted
millions EPS(1)
Consolidated net income
(loss) and $ 293 $ 0.45
diluted EPS on a GAAP
basis
ZENS-related
mark-to-market (gains)
losses:
Equity securities (net of
tax benefit of 82 0.13
$22)(2)(3)
Indexed debt securities
(net of tax (83 ) (0.13 )
expense of $22)(2)
Impacts
associated with mergers 19 0.03
and divestitures (net of
tax expense of $8)(2)(4)
Impacts associated with
TEEEF Units
removed from Rate Base 17 0.02
(net of tax
benefit of $5)(5)
Consolidated
income and diluted EPS on $ 328 $ 0.50
a non-GAAP basis(6)
Quarterly
diluted EPS on both a GAAP and non-GAAP basis are based on the weighted
1) 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
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
2) 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
Comprised
3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner
Bros. Discovery,
Inc.
Primarily
includes gain on early extinguishment of debt with proceeds from the
4) divestiture of the Louisiana
and Mississippi natural gas LDC businesses, and transaction costs
related to the announced
Ohio natural gas LDC business sale
Represents
5) 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
Twelve Months Ended
December 31, 2025
──────────────────────────────────────────────────────────────────────────────
Dollars in Diluted
millions EPS(1)
Consolidated net
income and diluted EPS $ 1,052 $ 1.60
on a GAAP basis
ZENS-related
mark-to-market (gains)
losses:
Equity securities (net
of tax benefit of 40 0.06
$11)(2)(3)
Indexed debt
securities (net of tax (43 ) (0.07 )
expense of $12)(2)
Impacts
associated with
mergers and 60 0.09
divestitures (net of
tax expense of
$22)(2)(4)
Impacts associated
with TEEEF Units
removed from Rate Base 46 0.07
(net of tax
benefit of $12)(5)
Consolidated
income and diluted EPS $ 1,155 $ 1.76
on a non-GAAP basis(6)
Quarterly
diluted EPS on both a GAAP and non-GAAP basis are based on the weighted
1) 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
5
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
2) 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
Comprised
3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner
Bros. Discovery,
Inc.
Includes
$37 million loss on sale associated with the divestiture of our
4) 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
Represents
5) 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
Twelve Months Ended
December 31, 2024
──────────────────────────────────────────────────────────────────────────────
Dollars in Diluted
millions EPS(1)
Consolidated net
income and diluted EPS $ 1,019 $ 1.58
on a GAAP basis
ZENS-related
mark-to-market (gains)
losses:
Equity securities (net
of tax expense of (15 ) (0.02 )
$4)(2)(3)
Indexed debt
securities (net of tax 11 0.01
benefit of $3)(2)
Impacts
associated with
mergers and 26 0.04
divestitures (net of
tax expense of
$3)(2)(4)
Consolidated
income and diluted EPS $ 1,041 $ 1.62
on a non-GAAP basis(5)
Quarterly
diluted EPS on both a GAAP and non-GAAP basis are based on the weighted
1) 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
Taxes
2) are computed based on the impact removing such item would have on tax
expense
Comprised
3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner
Bros. Discovery,
Inc.
Includes
4) professional fees associated with execution of transactions from the
sale of Louisiana and
Mississippi natural gas LDC businesses
5) The
calculation on a per-share basis may not add down due to rounding
Reconciliation of consolidated income available to common shareholders and
diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted
earnings per share
Twelve Months Ended
December 31, 2023
──────────────────────────────────────────────────────────────────────────────
Dollars in Diluted
millions EPS(1)
Consolidated
income available to
common shareholders and $ 867 $ 1.37
diluted EPS on a GAAP
basis
ZENS-related
mark-to-market (gains)
losses:
Equity securities (net
of taxes of (25 ) (0.04 )
$7)(2)(3)
Indexed debt securities
(net of taxes of 21 0.03
$6)(2)
Impacts
associated with mergers 89 0.14
and divestitures (net of
taxes of $64)(2)(4)
Consolidated
income and diluted EPS $ 952 $ 1.50
on a non-GAAP basis(5)
Quarterly
diluted EPS on both a GAAP and non-GAAP basis are based on the weighted
1) 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
6
Taxes
are computed based on the impact removing such item would have on tax
expense. Taxes related
2) to the operating results of Energy Systems Group, as well as cash taxes
payable and other
tax impacts related to the sale of Energy Systems Group, are excluded
from non-GAAP EPS
Comprised
3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner
Bros. Discovery,
Inc.
Includes
$4.4 million of pre-tax operating loss related to Energy Systems Group,
4) a divested non-regulated
business, as well as the $13 million loss on sale and approximately $2
million of other indirect
related transaction costs associated with the divestiture
5) The
calculation on a per-share basis may not add down due to rounding
Reconciliation of consolidated income available to common shareholders and
diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted
earnings per share
Twelve Months Ended
December 31, 2022
──────────────────────────────────────────────────────────────────────────────
Dollars in Diluted
millions EPS(1)
Consolidated
income available to
common shareholders $ 1,008 $ 1.59
and diluted EPS on a
GAAP basis
ZENS-related
mark-to-market (gains)
losses:
Equity securities (net
of taxes of 247 0.39
$66)(2)(3)
Indexed debt
securities (net of (256 ) (0.40 )
taxes of
$68)(2)
Midstream-related
earnings (net (46 ) (0.07 )
of taxes of $2)(2)(4)
Impacts
associated with
mergers and (80 ) (0.13 )
divestitures (net of
taxes of $165)(2)(5)
Consolidated
income and diluted EPS $ 873 $ 1.38
on a non-GAAP basis(6)
Quarterly
diluted EPS on both a GAAP and non-GAAP basis are based on the weighted
1) 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
Taxes
2) are computed based on the impact removing such item would have on tax
expense
Comprised
3) of common stock of AT&T Inc., Charter Communications, Inc., and Warner
Bros. Discovery,
Inc.
Includes
earnings and expenses related to ownership and disposal of Energy
Transfer units, a corresponding
4) amount of debt related to the units and an allocation of associated
corporate overhead; Includes
costs associated with early extinguishment of $600 million debt at
CenterPoint Energy, Inc.
of approximately $35 million, net of taxes
Includes
a settlement charge of $35 million, net of tax, related to CenterPoint
Energy pension plan’s
5) purchase of a group annuity contract in December 2022 to transfer
benefit obligations of
CenterPoint Energy’s previously divested businesses to an insurance
company
6) The
calculation on a per-share basis may not add down due to rounding
7
Reconciliation of consolidated income (loss) available to common shareholders
and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted
earnings per share
──────────────────────────────────────────────────────────────────────────────
… …
… … … …
… … …
… …
… … … …
… … … …
… … … …
$ … $ … $ ) … $ …
— — … …
— — ) … ) …
) … — … —
— — … …
— ) … ) — ) …
— — … …
— — … …
… — … …
) … ) … … —
$ … $ … $ — $ …
Quarterly
diluted EPS on both a GAAP and non-GAAP basis are based on the weighted
average number of
1) shares of common stock outstanding during the quarter, and the sum of
the quarters may not
equal year-to-date diluted EPS. EPS figures for Utility Operations,
Corporate and Other,
and Discontinued Operations are non-GAAP financial measures.
Taxes
2) are computed based on the impact removing such item would have on tax
expense
3) Comprised
of common stock of AT&T Inc. and Charter Communications, Inc.
Includes
4) gain from remeasurement of state deferred taxes, costs to achieve the
sales and costs associated
with the early extinguishment of debt
5) Comprised
of Energy Transfer common and Series G preferred units
Includes
6) impacts associated with the Vectren merger and the sales of
Infrastructure Services (CIS)
and Mobile Energy Solutions (MES)
7) Corporate
and Other, plus income allocated to preferred shareholders
8
Reconciliation of consolidated income (loss) available to common shareholders
and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted
earnings per share
──────────────────────────────────────────────────────────────────────────────
1) Energy
Services segment
2) Infrastructure
Services segment
Quarterly
diluted EPS on both a GAAP and non-GAAP basis are based on the weighted
average number of
3) shares of common stock outstanding during the quarter, and the sum of
the quarters may not
equal year-to-date diluted EPS. EPS figures for Utility Operations,
Corporate and Other,
and Discontinued Operations are non-GAAP financial measures.
Taxes
4) are computed based on the impact removing such item would have on tax
expense
9
5) Comprised
of common stock of AT&T Inc. and Charter Communications, Inc.
6) Corporate
and Other, plus income allocated to preferred shareholders
Results
7) related to Energy Services and Infrastructure Services discontinued
operations are excluded
from the company's non-GAAP results
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
September 30, 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 October 27,
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.
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 nearly 7 million metered customers in Indiana, Minnesota,
and Texas. As of September 30, 2026, the company owned
approximately $49.5 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.co m.
Forward-looking Statements
This news release includes, and the earnings conference call will include
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. All statements other than statements of historical fact included in
this news release and the earnings conference call are forward-looking
statements made in good faith by CenterPoint and are intended to qualify for the
safe harbor from liability established by the Private Securities Litigation
Reform Act of 1995, including statements concerning CenterPoint’s expectations,
beliefs, plans, objectives, goals, strategies, future operations, events,
financial position, earnings and guidance, growth, costs, prospects, capital
investments or performance or underlying assumptions and other statements that
are not historical facts. You should not place undue reliance on forward-looking
statements. When used in this news release and the conference call, the words
"anticipate," "believe," "continue," "could," "estimate," "expect," "forecast,"
"goal," "intend," "may," "objective," "plan," "potential," "predict,"
"projection," "should," "target," "will" or other similar words are intended to
identify forward-looking statements. The absence of these words, however, does
not mean that the statements are not forward-looking.
10
Examples of forward- looking statements in this news release or on the earnings
conference call include statements about CenterPoint’s 10-year capital
investment plan and the projects and programs therein (which include Houston
Electric’s Greater Houston Resiliency Initiative, System Resiliency Plan,
industrial load growth projects, large load customers and 765 kilovolt
transmission projects, and other plans, projects and programs relating to
electric transmission, generation, resiliency, reliability, safety, and system
modernization), including the amount of gigawatts expected to be connected to
the Houston Electric system, timing, execution, financing, costs, affordability,
and anticipated benefits thereof, including the amount and timing of anticipated
cost savings for customers, regulatory matters relating thereto, including
ERCOT’s approval of the amount of gigawatts to be added to the system,
allocation of such gigawatts between base and studied load and the impact to
timing of the energization of such projects as a result, and related matters,
other capital investments and opportunities therefor (including with respect to
incremental capital opportunities, deployment of capital, execution, financing
and timing of such projects, and anticipated benefits related thereto), future
earnings and guidance, CenterPoint’s goals regarding the resiliency,
reliability, and safety of our electric and gas systems, CenterPoint’s long-term
growth rate and plans related thereto, dividend growth and payouts, customer
charges, customer bills and rate affordability (including forecasts of potential
customer savings), operations and maintenance expense reductions, the sale of
our Ohio natural gas LDC business (including with respect to timing, anticipated
benefits, and related matters, such as the Seller’s Note), anticipated benefits
thereof, regulatory matters including the timing of, projections for, recovery
through and anticipated benefits from the settlement of, rate cases and interim
capital trackers for CenterPoint and its subsidiaries (as applicable), base rate
growth and population growth and economic development in CenterPoint’s service
territories, CenterPoint’s ability to support economic growth, meet customer
needs and improve customer experiences, Houston Electric’s release of its 15
large 27 megawatt (“MW”) to 32 MW temporary emergency electric energy facilities
(“TEEEF”) units to the San Antonio area and its ability to complete one or more
other future transactions involving various sizes of TEEEF units (including with
respect to timing, filings related thereto, corresponding reductions in Houston
Electric’s TEEEF fleet capacity, anticipated benefits including with respect to
revenue generation, rates, expected market demand for the units, and related
matters), the timing and extent of CenterPoint's recovery of costs and
investments, electric demand growth (including industrial load growth) in
CenterPoint’s service territories (including forecasts and the drivers thereof,
our ability to meet capacity needs related thereto, interconnection requests and
projects related thereto and our ability to connect customers, anticipated
timing and the speed with which we can energize such projects and the charges
and bills related to such projects, capital investment opportunities related
thereto, the timing of investments related thereto, and anticipated benefits of
such growth), transmission planning studies and anticipated results thereof,
financing plans (including in relation to operating cash flow, capital
recycling, and the need for, timing of, and anticipated benefits of any future
equity or debt issuances, forward sales, and securitization, credit metrics and
parent level debt), preparation for weather conditions, CenterPoint’s 2.0% Zero-
Premium Exchangeable Subordinated Notes due 2029 (“ZENS”) and impacts of the
maturity of ZENS, CenterPoint’s credit health, tax structure and liability
(including with respect to the Corporate Alternative Minimum Tax and guidance
related thereto), balance sheet health, future financial condition, financial
performance and results of operations, value creation, opportunities and
expectations. We have based our forward-looking statements on our management’s
beliefs and assumptions based on information currently available to our
management at the time the statements are made. We caution you that assumptions,
beliefs, expectations, intentions, and projections about future events may and
often do vary materially from actual results. Therefore, we cannot assure you
that actual results will not differ materially from those expressed or implied
by our forward-looking statements. Each forward-looking statement contained in
this news release or discussed on the earnings conference call speaks only as of
the date of this release or the earnings conference call.
11
Some of the factors that could cause actual results to differ from those
expressed or implied by our forward-looking information include, but are not
limited to, risks and uncertainties relating to: (1) the business strategies and
strategic initiatives, restructurings, joint ventures and acquisitions or
dispositions of assets or businesses involving CenterPoint or its industry,
including the ability to successfully complete such strategies, initiatives,
transactions or plans on the timelines we expect or at all, such as the
completed sale of our Ohio natural gas LDC business, which we cannot assure you
will have the anticipated benefits to us; (2) industrial, commercial and
residential growth in CenterPoint’s service territories and changes in market
demand and energy consumption, including in relation to the expansion of data
centers, energy refining and exports, advanced manufacturing and logistics, as
well as the effects of energy efficiency measures, technological advances and
demographic patterns, and our ability to appropriately estimate/forecast and
effectively manage such demand and the business opportunities relating to such
matters (including the receipt of timely large-load interconnection regulatory
approvals) as well as obtain the anticipated benefits, including related to
customer affordability, associated with such demand; (3) the amount of gigawatts
projected to be connected to the Houston Electric system and the timing of such
additional large-load customer connections and associated energization, which
may be affected by any delays or cancellations, including from large-load
customers’ failure to obtain ERCOT approval into Batch Zero and future batch
frameworks, or legislative, regulatory or government actions; (4) CenterPoint’s
ability to fund and invest planned capital, and the timely recovery of its
investments, including those related to CenterPoint’s 10-year capital plan; (5)
the ability to execute and complete CenterPoint’s planned capital projects and
programs, including those within CenterPoint’s 10-year capital plan, in a timely
and cost-effective manner and within budget, obtain the anticipated benefits of
such projects, and manage costs and impacts of such projects on customer
affordability; (6) CenterPoint’s ability to successfully construct, operate,
repair, maintain, replace and restart electric generating facilities, natural
gas facilities, TEEEF and electric transmission facilities; (7) the timing and
success of, and the ability to obtain approval for matters relating to, Houston
Electric’s release of its large TEEEF units to the San Antonio area, proposed
removal of its medium TEEEF units, reduction of its TEEEF fleet capacity and
reduction of rates to reflect the removal of the large and medium TEEEF units
from Houston Electric’s TEEEF fleet, as well as the ability to complete one or
more other future transactions involving the large and medium TEEEF units on
acceptable terms and conditions within the anticipated timeframe; (8) financial
market and general economic conditions, including access to debt and equity
capital, economic uncertainty and volatility, inflation, potential for
recession, interest rates, and their effect on sales, prices and costs; (9)
disruptions to the global supply chain, labor shortages and scarcity of certain
materials, including as a result of changes in U.S. and foreign trade policy and
geopolitical and economic uncertainty or instability, including the conflict
involving Iran; (10) actions by credit rating agencies, including any potential
downgrades to credit ratings; (11) the timing and impact of regulatory
proceedings and actions and legal proceedings, including those related to, among
other things, Hurricane Beryl, Houston Electric’s TEEEF units and the February
2021 winter storm event, and requested or favorable adjustments to rates and
approval of other requested items as part of base rate proceedings or interim
rate mechanisms; (12) federal, state and local legislative, executive and
regulatory actions or developments, including any actions resulting from
Hurricane Beryl, pipeline integrity and safety, actions relating to our
facilities and changes in regulation, legislation and governmental actions
pertaining to the utility model, proposed large- load customer connections,
trade (including tariffs, bans, retaliatory trade measures taken against the
United States or related government action), tax legislation and guidance
(including further changes to or clarification of the One Big Beautiful Bill Act
and the Inflation Reduction Act), the implementation of budget and spending cuts
to federal government agencies and programs, effects of government shutdowns,
and developments related to the environment; (13) the impact of public health
threats; (14) severe weather events, natural disasters and other climate-related
impacts, and CenterPoint’s ability to mitigate such impacts, including the
approval and timing of securitization issuances; (15) damages to our network,
facilities and systems, including as a result of wildfires; (16) changes in
business plans; (17) changes to technology and our ability to anticipate, adapt
to and implement technological changes and advances in and our ability to timely
adopt, develop and deploy, artificial intelligence; (18) operations and
maintenance costs, our ability to control such costs and cost-related impacts on
the affordability of our rates for our customers; (19) CenterPoint’s ability to
timely obtain and maintain necessary land rights, licenses, permits, easements
and approvals from landowners and local, state, federal and other regulatory
authorities on acceptable terms and resolve disputes or third-party challenges
to such licenses, permits or approvals, as applicable; (20) CenterPoint’s
ability to execute on its strategy, initiatives, targets and goals, including
its energy transition goals and operations and maintenance goals; and (21) other
factors discussed in CenterPoint’s Annual Report on Form 10- K for the fiscal
year ended December 31, 2025 and CenterPoint’s Quarterly Report Form 10-Q for
the quarters ended March 31, 2026, June 30, 2026 and September 30, 2026,
including under “Risk Factors,” “Cautionary Statements Regarding Forward-Looking
Information” and “Management’s Discussion and Analysis of Financial Condition
and Results of Operations — Certain Factors Affecting Future Earnings” in such
report and in other filings with the Securities and Exchange Commission (“SEC”)
by CenterPoint, which can be found at www.centerpointenergy.comon the Investor
Relations page or on the SEC website at www.sec.gov.
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