CenterPoint Energy Q3 adjusted EPS beats estimates, raises 2026 outlook

Overview

• U.S. utility's Q3 adjusted EPS beat analyst expectations

• Q3 results driven by growth and rate recovery, offset by higher financing expenses

• Company raised 2026 non-GAAP EPS guidance and expanded capital investment plan

Outlook

• CenterPoint raises 2026 non-GAAP EPS guidance to $1.90-$1.92

• Company initiates 2027 non-GAAP EPS guidance at $2.07-$2.09

• CenterPoint expects non-GAAP EPS growth at mid-to-high end of 7%-9% range through 2030

Result Drivers

• GROWTH AND RATE RECOVERY - Co said Q3 results were mainly driven by growth and rate recovery

• WEATHER AND USAGE - Favorable weather and higher usage contributed to Q3 results

• HIGHER FINANCING EXPENSES - Increased financing expenses from new debt and equity dilution offset some gains

Company press release: Full Story

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 11 "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 $44.00, about 6.8% above its October 26 closing price of $41.20

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

Reuters Recommended Reads

• Oct 26 - Hartford Insurance Q3 core EPS beats estimates; dividend raised

• Oct 26 - Welltower Q3 normalized FFO per share rises 25%, guidance raised

• Oct 26 - Public Storage Q3 Core FFO company lifts 2026 outlook as portfolio expands

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(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.)