CenterPoint meets Q4 adj EPS expectations, reiterates 2026 adj EPS guidance

Reuters02-19 19:22
CenterPoint meets Q4 adj EPS expectations, reiterates 2026 adj EPS guidance

Overview

  • Texas utility's Q4 non-GAAP EPS met analyst expectations, driven by growth and regulatory recovery

  • Company increased 10-year capital investment plan by $500 mln to $65.5 bln

  • Company projects 50% peak load demand increase by 2029, two years ahead of forecast

Outlook

  • CenterPoint reiterates 2026 non-GAAP EPS guidance of $1.89-$1.91

  • CenterPoint expects to meet 50% peak load increase by 2029, two years early

Result Drivers

  • GROWTH AND REGULATORY RECOVERY - Co attributed strong Q4 results to growth and regulatory recovery, contributing $0.12 per share favorability

  • WEATHER AND USAGE - Favorable weather and usage contributed $0.01 per share to Q4 results

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Adjusted EPS

Meet

$0.45

$0.45 (12 Analysts)

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the multiline utilities peer group is "buy"

  • Wall Street's median 12-month price target for CenterPoint Energy Inc is $42.00, about 0.2% below its February 18 closing price of $41.93

  • The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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