Description

CenterPoint Energy: A 10 Gigawatt Demand Shift Is Changing The Outlook

CenterPoint Energy delivered solid 2025 results, with earnings and dividend growth supported by strong execution and rising regional demand. GAAP diluted EPS was $1.60 for the year and $0.40 in the fourth quarter, while non-GAAP EPS reached $1.76 and $0.45, up about 9% year over year. Dividend per share also increased 9%, continuing the company’s pattern of shareholder returns. A major driver of the outlook is faster load growth at Houston Electric. CenterPoint now expects peak load to rise 50% by 2029, two years sooner than previously projected, equal to 10 additional gigawatts of demand. The increase is being driven by advanced manufacturing reshoring and data center expansion. Management said much of this demand can be served through existing capacity and planned upgrades, with roughly 7.5 gigawatts already under construction or firmly committed. That growth also supports the company’s effort to keep residential delivery charges effectively flat.