CENTERPOINT ENERGY (CNP) Company Report

On February 26, 2026, CenterPoint Energy completed the sale of $650 million aggregate principal amount of 2.875% convertible senior notes due May 15, 2029, including the full exercise of a $50 million overallotment option; net proceeds were approximately $641.5 million.
The notes bear interest at 2.875% per annum, payable semiannually on May 15 and November 15 (first payment November 15, 2026).
They carry an initial conversion rate of 18.6524 shares of common stock per $1,000 principal (≈$53.61/share), a 25% premium to the February 23, 2026 NYSE closing price, with up to 15,155,010 shares issuable upon conversion.
The notes are senior unsecured obligations ranking equal to existing unsecured debt, are not redeemable prior to maturity, and include make-whole conversion adjustments and 100% principal repurchase rights upon certain fundamental changes.

Feb 26, 2026, 10:06 PM

8-K

CenterPoint Energy announces upsized $600 million convertible notes offering

CNP

Debt Issuance

Convertible Preferred Issuance

CenterPoint priced $600 million of 2.875% convertible senior notes due May 15, 2029, upsized from $550 million with an option to sell an additional $50 million.
Notes bear interest at 2.875% per annum, payable semiannually on May 15 and November 15, beginning November 15, 2026.
Initial conversion rate set at 18.6524 shares per $1,000 principal (≈ $53.61/share), with conversion rights triggered before and after February 15, 2029 per specified events and periods.
Offering expected to close February 26, 2026; net proceeds estimated at $592.1 million (or $641.5 million if option fully exercised) for general corporate purposes, including commercial paper and debt repayment.

Feb 24, 2026, 2:58 AM

Press Release

CenterPoint Energy reports Q4 2025 results and updates guidance

CNP

Earnings

Guidance Update

New Projects/Investments

CenterPoint delivered non-GAAP EPS of $0.45 in Q4 and $1.76 for full-year 2025, representing 9% annual growth.
On a GAAP basis, EPS was $0.40 in Q4 and $1.60 for full-year 2025, including $0.11 from goodwill disposition and $0.07 from temporary generation depreciation.
Reaffirmed 2026 non-GAAP EPS guidance at $1.89–$1.91, targeting 8% growth at midpoint and long-term annual growth of 7–9% through 2035.
Invested $5.4 billion in 2025 CapEx, exceeding plan, and raised the 10-year investment outlook by $500 million to over $65 billion, with over $10 billion of additional upside opportunities.
Houston Electric load forecast accelerated to +50% (10 GW) by 2029, backed by 2.5 GW under construction, 5 GW firmly committed by 2028, plus 3 GW of organic growth.

Feb 19, 2026, 1:00 PM

Transcript

CenterPoint Energy reports Q4 2025 results

CNP

Earnings

Guidance Update

Debt Issuance

Delivered $0.45 non-GAAP EPS for Q4 and $1.76 for FY 2025, with 9% annual DPS and non-GAAP EPS growth.
Reaffirmed 2026 non-GAAP EPS guidance of $1.89–$1.91 and announced no incremental equity needs through 2027.
Achieved 13.8% TTM FFO/Debt and priced ~$1.2 B storm securitization to support financing.
Increased its 10-year capital investment plan by $500 MM to ~$65.5 B, underscoring continued infrastructure investments.

Feb 19, 2026, 1:00 PM

Presentation

CenterPoint Energy reports Q4 2025 results and updates growth outlook

CNP

Earnings

Guidance Update

New Projects/Investments

Q4 non-GAAP EPS of $0.45 and FY 2025 non-GAAP EPS of $1.76, each up 9% year-over-year; reaffirmed 2026 EPS guidance of $1.89–$1.91 (midpoint up 8%) and long-term target of 7–9% annual growth through 2035.
Houston Electric peak load now expected to rise 50% (10 GW) by 2029—two years ahead of prior plan—and added $500 million to its 10-year, $65 billion capital investment plan for a third 765 kV import line, with over $10 billion of further CapEx upside.
Invested $5.4 billion in 2025 (above the $5.3 billion plan) and reaffirmed $6.8 billion of 2026 capital spending; 10-year CapEx now exceeds $65 billion through 2035.
Strengthened balance sheet with adjusted FFO-to-debt at 13.8%, $1.2 billion of securitization bond proceeds, ~$800 million net from Ohio sale, and new AMT guidance reducing cash taxes near zero—boosting credit metrics by 60–70 bps and enabling $1 billion incremental CapEx without equity.

Feb 19, 2026, 1:00 PM

Transcript

CenterPoint Energy delivers Q4 2025 earnings and updates growth outlook

CNP

Earnings

Guidance Update

New Projects/Investments

CenterPoint Energy reported Q4 non-GAAP EPS of $0.45 and full-year 2025 EPS of $1.76, delivering 9% EPS growth, and reaffirmed 2026 non-GAAP guidance of $1.89–$1.91 per share.
The company accelerated its Houston Electric outlook, now forecasting 50% peak load growth (10 GW) by 2029—driven by 2.5 GW under construction and 5 GW firmly committed, plus 3 GW of ordinary growth.
CenterPoint added $500 million to its 10-year capital plan for a third 765 kV import line, bringing total planned CapEx to >$65 billion through 2035, with >$10 billion of additional upside.
New U.S. Treasury AMT guidance is expected to reduce CenterPoint’s annual cash tax liability to near zero through 2035, improving credit metrics by 60–70 bps and enabling about $1 billion of incremental capital investments without new equity.
As of year-end, the company’s adjusted FFO-to-debt ratio was 13.8%, with further improvement expected from Hurricane Beryl securitization proceeds and the Ohio Gas LDC sale, supporting balance sheet strength.

Feb 19, 2026, 1:00 PM

Transcript

CenterPoint Energy reports Q4 and FY 2025 results

CNP

Earnings

Guidance Update

New Projects/Investments

Reported Q4 2025 GAAP EPS of $0.40 and FY 2025 GAAP EPS of $1.60 per diluted share.
Delivered non-GAAP EPS of $0.45 for Q4 2025 and $1.76 for FY 2025, a 9% increase over full-year 2024.
Reiterated 2026 non-GAAP EPS guidance at least at the midpoint of $1.89–$1.91, implying 8% growth over 2025.
Increased its 10-year capital investment plan by $500 million to $65.5 billion (2026–2035) and now expects to meet a 50% rise in peak load demand by 2029, two years ahead of initial forecasts.

Feb 19, 2026, 11:28 AM

Press Release

CenterPoint Energy reports Q4 and FY 2025 results and updates load forecast

CNP

Earnings

Guidance Update

New Projects/Investments

GAAP EPS of $0.40 in Q4 and $1.60 for FY 2025
Non-GAAP EPS of $0.45 in Q4 and $1.76 for FY 2025, a 9% increase over 2024 non-GAAP EPS of $1.62
2026 non-GAAP EPS guidance reiterated at $1.89–$1.91, representing ~8% growth at the midpoint versus 2025
10-year capital investment plan increased by $500 million to $65.5 billion for 2026–2035
Peak electric load growth forecast accelerated to 50% by 2029, two years ahead of prior estimates

Feb 19, 2026, 11:12 AM

8-K

CenterPoint Energy sells Ohio natural gas business to National Fuel Gas

CNP

M&A

CenterPoint Energy will divest its Vectren Energy Delivery of Ohio LDC business to National Fuel Gas Company for $2.62 billion, representing a 1.9x multiple of its 2024 rate base.
The assets include roughly 5,900 miles of transmission and distribution pipeline serving 335,000 metered customers in West Central Ohio.
The transaction is expected to close in Q4 2026, with $1.42 billion paid at closing and $1.20 billion via a seller note due Q4 2027 bearing 6.5% interest.
Proceeds will be redeployed into CenterPoint’s $65 billion capital plan to support its regulated electric and gas utility investments.
CenterPoint reiterates its 9% non-GAAP EPS growth target for 2025 and maintains its long-term EPS targets through 2035.

Oct 21, 2025, 8:30 PM

8-K

CenterPoint Energy announces pricing of tender offers

CNP

Debt Issuance

CenterPoint Energy set cash tender offers for up to $300 million of its senior notes and $200 million of CEHE mortgage bonds (aggregate maximum $500 million).
The 3.70% Senior Notes due 2049, 2.65% Senior Notes due 2031 and 2.95% Senior Notes due 2030 carry yields of 5.714%, 4.352% and 4.202%, with total considerations of $739.17, $915.49 and $950.13 per $1,000, respectively.
CEHE’s 4.25% Series AC bonds due 2049 and 4.50% Series X bonds due 2044 priced at yields of 5.364% and 5.330%, with total considerations of $852.69 and $903.16 per $1,000, respectively.
Securities validly tendered by the October 1, 2025 Early Tender Date are expected to settle on October 6, 2025, subject to proration factors of ~12.8% for the 2030 notes and ~3.5% for Series X bonds.

Oct 2, 2025, 7:27 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for CENTERPOINT ENERGY.

Q4 2025

Feb 19, 2026

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Q3 2025

Oct 23, 2025

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Q2 2025

Jul 24, 2025

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View All Transcripts

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