Overview

* CenterPoint Q3 non-GAAP EPS of $0.50 beats analyst expectations

* Q3 non-GAAP EPS increased over 60% year-over-year, driven by regulatory recovery and reduced O&M

* Company reiterates 2025 and 2026 non-GAAP EPS guidance, indicating continued growth

Outlook

* CenterPoint reiterates 2025 non-GAAP EPS guidance of $1.75-$1.77

* CenterPoint maintains 2026 non-GAAP EPS guidance of $1.89-$1.91

Result Drivers

* INDUSTRIAL THROUGHPUT - Houston Electric industrial throughput increased over 17% compared to Q3 2024, driving growth

* O&M EXPENSE REDUCTION - Significant reduction in O&M expenses contributed $0.12 per share favorability, primarily due to non-recurrence of storm restoration work

* TAX OPTIMIZATION - A one-time benefit related to tax optimization contributed $0.03 per share favorability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $0.50 $0.43

Adjusted (11

EPS Analysts

)

Q3 EPS $0.45

Q3 NET $293 mln

INCOME

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 ( CNP ) is $42.00, about 4.7% above its October 21 closing price of $40.03

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 20 three months ago

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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.)