CenterPoint Energy reports Q3 non-GAAP EPS 29c, consensus 30c

“I’m incredibly proud of our teams as they have worked to deliver about a year and a half’s worth of work since last summer as part of the Greater Houston Resiliency Initiative. We’ve met all of our Phase II public commitments on-time or ahead of schedule, and we are on a positive path forward as we work to build and operate the most resilient coastal grid in the nation. Our customers are already seeing the benefits with nearly 50% less outage minutes in the first six months of 2025 compared to 2024. This is great progress, and we aren’t done yet,” said Jason Wells, CEO. “While our focus has been on resiliency, we are not losing sight of the incredible pace of diverse growth our service territories continue to experience, especially those in Texas. This year alone we have increased our capital investment plan by $5.5B, including the $500M increase we announced today. Even though we are taking a conservative approach to this growth, we continue to see an upward bias towards investment opportunities that are not yet reflected in our current plan. We believe these opportunities, combined with our ability to efficiently finance and a lighter regulatory calendar over the next few years, are strong tailwinds that we will incorporate into our refreshed 10-year plan that we’re excited to share by the end of September,” said Wells.