CenterPoint Energy raised its 2026 earnings outlook and enlarged its 10-year investment program to $70.7 billion, tying the move to customer demand and the pace of development in Greater Houston.
The company announced the changes in a release furnished as Exhibit 99.1 to a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC). The expanded plan adds $4 billion to the company’s capital program. CenterPoint shifted $1.5 billion of planned spending into 2026-30 and projected a rate base compound annual growth rate of more than 14% through 2030. It also sees potential for at least another $10 billion in capital investment through 2035.
CenterPoint set its 2026 non-GAAP earnings guidance at $1.90 to $1.92 per diluted share and its 2027 range at $2.07 to $2.09. The company expects annual non-GAAP earnings growth to be at the mid-to-high end of its 7% to 9% range through 2030.
For the third quarter, net income was $331 million, or $0.50 per diluted share under generally accepted accounting principles (GAAP), compared with $0.45 per diluted share a year earlier. Non-GAAP diluted earnings were $0.53 per share, up from $0.50.
In its year-over-year earnings bridge, CenterPoint attributed $0.09 per share of improvement to growth and rate recovery, and $0.03 to weather and usage. Higher financing expenses, partly related to new debt and equity dilution, reduced earnings by $0.04 per share. Other factors cut another $0.05, mainly because a one-time tax benefit from the prior year did not repeat.
The release tied the investment outlook to Greater Houston’s ability to move projects forward quickly and customer demand, which the company said is driving system capacity expansion. Jason Wells, CenterPoint’s chair of the board, president and CEO, said growth is expected to save Texas residential and commercial customers about $5 billion over the next decade. The company serves nearly 7 million metered customers in Indiana, Minnesota and Texas.
The release listed an earnings call for 8 a.m. ET (7 a.m. Central) Tuesday, Oct. 27.
