10-QPeriod: Q1 FY2026

CENTERPOINT ENERGY INC Quarterly Report for Q1 Ended Mar 31, 2026

Filed April 23, 2026For Securities:CNP

Summary

CenterPoint Energy, Inc. (CNP) reported solid financial results for the first quarter of 2026, with net income increasing to $316 million from $297 million in the prior year period. This growth was driven by strong performance in both the Electric and Natural Gas segments, which saw net income increases of $32 million and $22 million, respectively. The company also updated its 10-year capital plan, increasing it by $500 million to $65.5 billion through 2035, signaling continued investment in infrastructure to enhance safety, reliability, and customer experience. The company is actively managing its portfolio through divestitures, with the sale of its Ohio natural gas local distribution company (LDC) business expected to close in the fourth quarter of 2026. This strategic move, along with ongoing operational focus, positions CNP for sustained growth. Despite facing significant weather events in the past year, including Hurricane Beryl and May 2024 Storm Events, Houston Electric has effectively managed storm restoration costs through securitization financing, demonstrating resilience in its operations and financial management.

Financial Highlights

48 data points
Beta

Revenue

$2.98B

100.0% Gross Margin

Net Income

$316.00M

10.6% Net Margin

EPS (Diluted)

$0.48

Total Assets

$47.84B

Cash & Equivalents

$639.00M

Free Cash Flow

-$916.00M

Financial Statements
Beta
Revenue$2.98B
Cost of Revenue$1.00M
Gross Profit$2.97B
Operating Expenses$2.32B
Operating Income$658.00M
Net Income$316.00M
EPS (Basic)$0.48
EPS (Diluted)$0.48
Shares Outstanding (Basic)653.42M
Shares Outstanding (Diluted)659.39M

Key Highlights

  • 1Net income increased to $316 million for Q1 2026, up from $297 million in Q1 2025, driven by robust performance in both Electric and Natural Gas segments.
  • 2The company updated its 10-year capital plan, increasing total capital expenditures to $65.5 billion through 2035, indicating continued investment in infrastructure and growth.
  • 3CenterPoint Energy continues to execute its portfolio strategy with the planned sale of its Ohio natural gas LDC business, expected to close in Q4 2026.
  • 4Houston Electric successfully managed storm restoration costs related to Hurricane Beryl and May 2024 Storm Events through securitization financing, showcasing operational resilience.
  • 5Operating income for the Electric segment increased by $41 million, and for the Natural Gas segment by $36 million, demonstrating improved operational efficiency and market conditions.
  • 6Despite weather impacts, customer growth was positive across segments, with a 1% increase in total metered customers for Houston Electric and an 8% decrease for CenterPoint Energy's Natural Gas segment (largely due to divestitures).
  • 7The company maintained compliance with all financial debt covenants as of March 31, 2026.

Frequently Asked Questions

For the first quarter of 2026, CenterPoint Energy reported a net income of $316 million, an increase from $297 million in the same period of 2025. This growth was primarily driven by improved net income in the Electric segment ($140 million vs. $108 million) and the Natural Gas segment ($250 million vs. $228 million).

CenterPoint Energy is actively managing its portfolio through strategic initiatives. Key actions include the planned divestiture of its Ohio natural gas LDC business, expected to close in Q4 2026, and an increase in its 10-year capital plan to $65.5 billion through 2035, focusing on infrastructure investments for safety, reliability, and customer experience. The company also continues to manage significant weather events through effective storm restoration cost recovery mechanisms.

Houston Electric experienced significant damage from Hurricane Beryl and the May 2024 Storm Events. The company has effectively managed the associated restoration costs through securitization financing, notably issuing Restoration Bond Company II and III Securitization Bonds. This approach helps to align recovery costs with customer rates over time, mitigating the immediate financial impact.

CenterPoint Energy updated its 10-year capital plan, increasing it by $500 million to approximately $65.5 billion through 2035. This significant investment underscores the company's commitment to enhancing its infrastructure, improving system reliability and resilience, and supporting economic growth across its service territories.