- CenterPoint Energy (CNP, Financial) reports Q1 2025 GAAP earnings of $0.45 per diluted share.
- Non-GAAP EPS guidance for 2025 is reiterated at $1.74-$1.76, reflecting an 8% growth over 2024.
- The company's 10-year capital investment plan is increased by $1 billion to $48.5 billion.
CenterPoint Energy, Inc. (CNP) has announced its financial results for the first quarter of 2025, reporting net income of $297 million, or $0.45 per diluted share on a GAAP basis. This is a decrease from $0.55 per diluted share in the same period in 2024, mainly due to the loss on the sale of gas local distribution companies in Louisiana and Mississippi. On a non-GAAP basis, the earnings per diluted share stood at $0.53, slightly down from $0.55 in the first quarter of 2024, driven by growth and regulatory recovery which contributed $0.03 per share favorability.
Despite the unfavorable variance, CenterPoint Energy remains optimistic about meeting its full-year 2025 guidance. The company has reiterated its non-GAAP EPS guidance range of $1.74 to $1.76 for 2025, which represents an 8% growth over 2024 at its midpoint. The company also aims to maintain its non-GAAP EPS growth target at the mid-to-high end of 6%-8% annually through 2030.
CenterPoint has increased its 10-year capital investment plan by $1 billion, bringing the total to $48.5 billion through 2030. This increase supports the company’s Greater Houston Resiliency Initiative, which aims to build a resilient, self-healing coastal grid, and addresses the significant requests for new electric connections in its service territory, especially in Houston.
Jason Wells, President & CEO, emphasized the importance of investing in the electric infrastructure to support Texas’s economic growth. The interconnection queue has increased by approximately 7 GWs since the end of 2024, reinforcing a forecast of 50% load growth by 2031. CenterPoint continues to view Houston as a key economic driver in Texas.
A webcast of CenterPoint’s earnings conference call is scheduled for April 24, 2025. The call will be available under the Investors section of the company’s website, where a replay will be maintained for one year.
