$CNP · CENTERPOINT ENERGY INC
CenterPoint Energy reported Q3 2026 GAAP EPS of $0.50 and non-GAAP EPS of $0.53, up from $0.50 non-GAAP in Q3 2025. The company raised its 2026 non-GAAP EPS guidance to $1.90-$1.92, initiated 2027 guidance of $2.07-$2.09, and increased its 10-year capital plan by $4.0B to $70.7B while extending 7%-9% annual EPS growth through 2030.
- Q3 2026 non-GAAP EPS of $0.53 beat the year-ago $0.50, driven by $0.09/share from growth and rate recovery.
- 2026 non-GAAP EPS guidance raised to $1.90-$1.92, implying ~9% growth at the midpoint over 2025.
- 2027 non-GAAP EPS guidance initiated at $2.07-$2.09, representing ~9% growth at the midpoint over the raised 2026 guide.
- 10-year capital plan increased by $4.0B to $70.7B, with $1.5B accelerated into the 2026-2030 window.
- Non-GAAP EPS growth extended at the mid-to-high end of 7%-9% annually through 2030, with rate base CAGR above 14%.
Extended-hours trading shows CNP at $41.49, up +0.70% vs the regular close of $41.20, indicating a modestly positive initial reaction to the guidance raise and capital plan expansion. Markets are closed; the full regular-session reaction is pending.
CenterPoint delivered a trifecta of guidance raise, multi-year capital plan expansion, and extended growth targets — reinforcing its position as a premium utility growth compounder.
CenterPoint's $70.7B capital plan and 14%+ rate base CAGR through 2030 position it among the most aggressive utility growth stories, leveraging Greater Houston's accelerating customer demand and speed-to-market advantage versus peers.
Higher financing expenses ($0.04/share headwind in Q3) from new debt issuances and equity dilution could pressure margins if rates stay elevated. The Ohio natural gas LDC divestiture closed October 1, 2026, introducing execution risk around the separation.