EarningsQ2 2026 Earnings Report
DE:HOU Q2 2026 EPS Results
Actual EPS€0.36
Consensus EPS€0.33
Beat/MissBeat by +€0.02
One Year Ago EPS€0.26
DE:HOU Q2 2026 Revenue Results
Actual Revenue€1.92B
Expected Revenue€1.90B
Beat/MissBeat by +€24.83M
YoY Revenue Growth+10.70%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeBefore Open
Conference CallTuesday, July 28, 2026
DE:HOU Upcoming Earnings
Centerpoint Energy's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:HOU Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, a sizable pipeline of large-load opportunities (14 GW eligible), upgraded capital plan ($1.2B) and improving credit metrics, while acknowledging manageable near-term headwinds including ERCOT study approvals for ~3 GW, regulatory/timing risk on transmission routing, and Moody’s negative outlook. Overall the positives — material new load commitments, financing derisking, and reaffirmed guidance — outweigh the uncertainties, though some allocations and permitting timelines remain uncertain.Company Guidance
Solid Quarterly Results and Reiterated Guidance
Reported GAAP EPS $0.37 and non-GAAP EPS $0.40 for Q2; management reiterated full-year 2026 non-GAAP EPS guidance of $1.89–$1.91 (midpoint = $1.90), representing ~8% growth versus 2025 at the midpoint.
Major Large-Load Opportunity via ERCOT Batch Zero
Submitted >17 GW of large-load projects to ERCOT; ~14 GW expected eligible (10 GW baseload with both studies approved; 4 GW studied load with one study approved). The 14 GW would exceed the current system peak (21 GW) by >65% and management expects nearly all projects energized by end of 2030.
Customer Commitments and Affordability Benefits
Approximately $900 million of customer cash commitments and a signed facility extension agreement secured for batch-zero projects; company estimates residential and commercial customers will save >$5 billion collectively over the next 10 years from the 14 GW of eligible projects.
Increased Capital Plan and Rate Base Growth
10-year capital investment plan increased by $1.2 billion (from $65.5B to $66.7B, ~1.8% increase) — $800M for targeted system upgrades tied to batch-zero projects and $400M for downtown substation relocations. Houston Electric rate base expected to deliver >18% CAGR over the next 3 years.
Execution on Near-Term CapEx and Deployment
Invested $1.5 billion in Q2 and completed ~40% of planned capital spend through H1; on track to execute $6.8 billion of planned capital investment for the year.
Near-Term Cash Flow Tailwinds from Demand Charges
Expect incremental demand-charge cash flow of roughly $6 million per GW per month as new loads energize; at 14 GW this equates to an approximate $84 million per month revenue tailwind when fully realized and is expected to materialize over the next 5 years.
Financing Derisking and Equity Neutrality
Company expects to deploy the $1.2B incremental capital over five years without issuing additional equity, citing clarifications to corporate alternative minimum tax rules and transactions (e.g., Ohio Gas LDC sale). Target consolidated capital structure remains ~47% equity / 53% debt.
Improving Credit Metrics
Adjusted FFO to debt (Moody’s methodology) was 13.4% at quarter end, nearly +100 basis points from Q1; management expects an additional ~30 basis-point improvement in Q3 from a corporate AMT tax refund.
Regulatory Progress and Rate Recovery
Houston Electric filed DCRF requesting a $73M increase; TCOS filing expected next month. Texas Gas GRIP approved for a $62M revenue requirement increase. Temporary generation settlement will reduce customer delivery charges by nearly 3% from an already low peer-relative rate.
Indiana Growth Opportunity Advancing
Progress on transformational large-load opportunities in Indiana (one may be the region’s largest load). Early work underway (engineering, long-lead materials, MISO queue). Company estimates initial demand could support roughly $250 million of residential savings over 15 years.
DE:HOU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed