CenterPoint boosts long-term capital spending and raises earnings guidance amid surging Texas demand.
CenterPoint Energy NYSE CNP has unveiled its largest-ever investment program, a $65 billion capital plan running from 2026 to 2035, designed to meet rapidly rising electricity demand in Texas and strengthen its multi-state utility operations.
The company also raised its 2025 non-GAAP EPS guidance and introduced 2026 projections, reinforcing confidence in long-term growth. The initiative, nearly 40% larger than the capital plan presented at its 2021 Analyst Day, reflects accelerating load growth. CenterPoint now expects Houston Electric’s peak demand to nearly double to 42 GW by the mid-2030s, up from 21 GW today, underscoring the region’s role as one of the fastest-growing electricity markets in the U.S. To address this surge, the utility is prioritizing investments in grid resiliency, modernization, and safety across its six-state footprint, with a particular focus on Texas. The program also identifies more than $10 billion in incremental investment opportunities that could further improve customer outcomes, such as reliability and affordability. On the financial side, CenterPoint raised its 2025 non-GAAP EPS guidance to $1.75–$1.77, up from $1.74–$1.76, representing 9% growth from 2024. It also introduced a 2026 EPS forecast of $1.89–$1.91, implying 8% growth at the midpoint. Long-term earnings guidance was extended, with the company now targeting the upper half of a 7%–9% annual growth range through 2035. CEO Jason Wells said the strategy is rooted in a “customer-driven, yet conservative” approach, emphasizing that investments will support economic development while keeping rates in line with inflation. The plan is intended to position CenterPoint as a leader in grid resiliency, particularly along the U.S. Gulf Coast, and to enhance the safety of its natural gas systems. The announcement highlights a broader trend among U.S. utilities accelerating capital spending to support electrification, industrial growth, and energy transition infrastructure. With Texas attracting new industrial load—from data centers to hydrogen and export facilities—utilities like CenterPoint are scaling investment to ensure reliability. For investors, the raised guidance signals confidence in execution and financial stability. With $44 billion in assets and operations serving more than 7 million metered customers across Texas, Indiana, Ohio, and Minnesota, CenterPoint is positioning itself as one of the most growth-focused regulated utilities in the country. By Charles Kennedy for Oilprice.com
Texas Power Demand Capital Investment EPS Guidance Houston Electric Customer Growth Utility Earnings Grid Resiliency Natural Gas Systems U.S. Utilities
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