CenterPoint Energy Announces Record 10-Year Plan to Invest $65 Billion for the Benefit of Customers; Raises Full Year 2025 Non-GAAP EPS Guidance, Initiates 2026 Full Year Non-GAAP EPS Guidance, and Increases and Extends Long-term Guidance

Introduced customer-driven $65 billion capital investment plan from 2026 through 2035; additionally identified more than $10 billion of incremental capital investment opportunities that help further improve customer outcomes Increased non-GAAP EPS guidance range for 2025 from $1.74-$1.76 to $1.75-$1.77 which would represent 9% growth at the midpoint from 2024 delivered results1 Initiated 2026 non-GAAP guidance range of $1.89-$1.91, targeting at least the midpoint, representing 8% growth from the increased 2025 midpoint1 Introduced increased long-term non-GAAP EPS annual growth targets of the mid-to-high end of 7%-9% from 2026 through 2028 and 7%-9% thereafter, through 20351 HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today announced a transformative 10-year plan aimed at advancing economic growth, enhancing the experience of customers, and delivering consistent value to all stakeholders across the jurisdictions it serves. Continued economic development is anticipated to drive significant growth in electric demand over the next decade, especially in Texas. In its Houston Electric business, CenterPoint reiterated that it is forecasting electric peak load demand to increase by nearly 50% to nearly 31GWs by 2031 and announced that it now forecasts peak demand to double to nearly 42GWs by the middle of the next decade. To support this unprecedented forecasted demand, the company has expanded its customer-driven capital investment plan to a record $65 billion through 2035, which represents an increase of nearly 40% compared to the capital plan introduced at its 2021 Analyst Day. In addition to the core plan, more than $10 billion of incremental investment opportunities have been identified that could further improve customer outcomes. ___________________________ 1 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 (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. Building on a strong track record of execution, the new plan reflects a customer-centric vision focused on enabling economic development with a focus on building the most resilient coastal electric grid and safest gas systems in the country. These planned capital investments serve as the foundation for CenterPoint’s increased and extended non-GAAP EPS guidance range in which it will now target the mid-to-high end of 7%-9% growth through 2028 and 7%-9%, thereafter, through 2035. “Every investment we make at CenterPoint is in service of our approximately seven million-metered customers we have the privilege to serve. Today’s announced new, record capital investment plan will help us continue to meet and exceed our customers’ energy expectations now and, in the future, while helping unlock incredible economic growth across our six service territories, most especially here in the great State of Texas,” said Jason Wells, President & CEO of CenterPoint. “With our customer-driven, yet conservative approach to this growth, we continue to see significant potential for even more investment for the benefit of our customers that is not yet reflected in our new plan. Combined with this differentiated growth potential, we believe that our expected ability to efficiently finance and execute our plan and our service to several demographically growing geographies will help keep rates in line with inflation. We will seek to continue to capitalize on the benefits from these strong tailwinds and incorporate them into our refreshed 10-year plan,” said Wells. Earnings Outlook In addition to presenting its financial results in accordance with GAAP, including presentation of net income (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. 2024 non-GAAP EPS and non-GAAP EPS guidance range 2024 non-GAAP EPS excluded and 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 and Mississippi natural gas LDC businesses; and Non-GAAP EPS guidance also excludes impacts related to temporary emergency electric energy facilities (“TEEEF”) once they are no longer part of our rate-regulated business. In providing 2024 non-GAAP EPS and 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 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 non-GAAP EPS guidance range for any particular year 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. Reconciliation of consolidated net income (loss) and diluted earnings (loss) per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share Twelve Months Ended December 31, 2024 Dollars in millions Diluted EPS (1) Consolidated net income (loss) and diluted EPS on a GAAP basis $ 1,019 $ 1.58 ZENS-related mark-to-market (gains) losses: Equity securities (net of taxes) (2)(3) (15 ) (0.02 ) Indexed debt securities (net of taxes) (2) 11 0.01 Impacts associated with mergers and divestitures (net of taxes) (2)(4) 26 0.04 Consolidated income and diluted EPS on a non-GAAP basis (5) $ 1,041 $ 1.62 1) Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted 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 2) Taxes are computed based on the impact removing such item would have on tax expense 3) Comprised of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc. 4) Includes professional fees associated with execution of transactions from the sale of Louisiana and Mississippi LDC businesses 5) The calculation on a per-share basis may not add down due to rounding Webcast of Investor Update Conference Call CenterPoint’s management will host an investor update conference call on September 29, 2025, at 3:30 p.m. Central time / 4:30 p.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 more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of June 30, 2025, the company owned approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com. Forward-looking StatementsRead the full story here

CenterPoint Energy Announces Record 10-Year Plan to Invest $65 Billion for the Benefit of Customers; Raises Full Year 2025 Non-GAAP EPS Guidance, Initiates 2026 Full Year Non-GAAP EPS Guidance, and Increases and Extends Long-term Guidance

Інші новини компанії