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HOUSTON - CenterPoint Energy, Inc. (NYSE:CNP) reported second quarter 2025 earnings of $0.30 per diluted share on a GAAP basis and $0.29 per diluted share on an adjusted basis, compared to $0.36 per share in the same period last year.
The utility company’s second quarter results were impacted by several factors, including a $0.01 per share unfavorable variance attributable to growth and rate recovery, which the company attributed to timing of recoveries from interim capital mechanisms not available during recent rate case activity. Additional headwinds included increased financing costs of $0.03 per share and higher operating and maintenance expenses of $0.03 per share. These were partially offset by favorable weather and usage, which contributed $0.01 per share compared to the second quarter of 2024.
CenterPoint reiterated its full-year 2025 adjusted EPS guidance range of $1.74-$1.76, which at the midpoint represents 8% growth over 2024. The company also announced a $500 million increase to its 2025 and 10-year capital investment plan, bringing the total 10-year plan to $53 billion through 2030. This marks the third capital investment increase this year, totaling $5.5 billion in additions.
"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," said Jason Wells, President & CEO of CenterPoint. "Our customers are already seeing the benefits with nearly 50% less outage minutes in the first six months of 2025 compared to 2024."
The company reported that its current interconnection queue has increased by approximately 6 gigawatts since the first quarter earnings call, strengthening its conviction in a 50% load growth forecast by 2031. CenterPoint also highlighted that it accomplished all state and public commitments related to Phase II of the Greater Houston Resiliency Initiative ahead of schedule and prior to the start of the 2025 hurricane season.
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