Centerpoint Energy, Inc (holding Co) · NYSE:CNP
Centerpoint Energy, Inc (holding Co) — Q1 2026 Earnings Presentation
24 slides from Centerpoint Energy, Inc (holding Co)'s earnings presentation, Apr 23, 2026
Slide 1: First Quarter 2026 Investor Update
First Quarter 2026 Investor Update CenterPoint Energy | 1
Slide 2: Cautionary Statement and Other Disclosures
Cautionary Statement and Other Disclosures This presentation and the oral statements made in connection herewith contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than stat
Slide 3: First Quarter Update
First Quarter Update Our 10-Year Plan Deliverables Q1 2026 Updates Targeting top decile(1) non-GAAP EPS annual growth for 2026 and dividend per Delivered $0.56 non-GAAP EPS for the first share growth of 6% quarter of 2026 Consistent, Sustainable Growth for Our Investors Targeting top decile(1) long-
Slide 4: Serving Houston’s Diverse Economic Growth
Serving Houston’s Diverse Economic Growth(1) Accelerating and increasing demand across diversified industries Expected TWO years faster 50% load growth by YE 2029 than initial forecast Firmly Committed Large Industrial Load(2) Part of a broader set of diverse drivers(1) 1Q ~3.5GWs ~4.5GWs ~4.2GWs ~1
Slide 5: Customer Affordability Benefit from Large Load Customers
Customer Affordability Benefit from Large Load Customers(1) Residential delivery charge increases below Texas peers and the rate of inflation for over a decade CEHE’s Average Monthly Residential Electric Delivery Charge vs. In-State Peers(2) Sustained growth in Houston and cost discipline has kept $
Slide 6: Q1 2026 vs Q1 2025 Non-GAAP EPS
Q1 2026 vs Q1 2025 Non-GAAP EPS Primary drivers Ongoing Cost Growth and Rate Management & Other Weather / Usage Recovery Interest Expense ($0.02) ($0.04) $0.11 ($0.02) Electric Electric O&M Other $0.01 Growth $0.00 Weather & Usage $0.00 $0.02 Misc. Revenues $0.53 $0.11 Rate Recovery $0.0
Slide 7: Capital Expenditures by Segment
Capital Expenditures by Segment On track to execute 2026 planned spend and our ~$65.5 billion 10-year capital investment plan Capital Investment Plan Execution At least $10B Incremental Capital Opportunities(1) FY 1Q FY ’26 – ‘30 ‘26 – ’35 • Electric Transmission Investments 2025 2026 2026E(2) Plan
Slide 8: Continued Focus on Credit and Balance Sheet Strength
Continued Focus on Credit and Balance Sheet Strength Consolidated FFO To Debt(1)(2) Company Debt Ratings 2025 Full Year 1Q 2026 TTM Moody’s S&P Fitch Entity Moody’s 12.5% 12.2% (Neg)(4) (Stable) (Stable) Adjusted for 1-time items – Moody’s methodology(2) 13.8% 12.5% CenterPoint Energy, Inc. Baa2 BBB
Slide 9: Contacts
Contacts Ben Vallejo Vice President Investor Relations and Corporate Planning Tel. (713) 207 – 5461 ben.vallejo@centerpointenergy.com Ellie Wood Manager Investor Relations Tel. (713) 207 – 7703 ellen.wood@centerpointenergy.com General Contact Tel. (713) 207 – 6500 https://investors.centerpointenergy
Slide 10: Appendix
Appendix CenterPoint Energy | 10
Slide 11: Our 10-Year $65.5B Capital Investment Plan
Our 10-Year $65.5B Capital Investment Plan(1) ~$33B Investment, 2026-2030 $7 $7 $7 $0.2 $0.8 $6 $0.8 $0.9 $0.4 $6 $0.8 $0.5 $0.5 $0.9 $0.7 $0.4 $0.8 $0.8 $0.5 $0.5 $0.8 $0.4 $0.8 $0.3 ~$65.5B $0.4 $ billions $0.3 $4.4 $4.5 $4.1 $4.0 $3.5 2026-2035 '26E '27E '28E '29E '30E Houston Electric Indiana El
Slide 12: Weather and Throughput Data
Weather and Throughput Data Electric Natural Gas(5) 1Q 2026 1Q 2025 2026 vs 2025 1Q 2026 1Q 2025 2026 vs 2025 Residential 95 110 (14%) Throughput Throughput Residential 6,398 6,643 (4%) (in GWh) (in Bcf) Commercial and 128 138 (7%) Industrial Total 24,957 24,749 1% Total 223 248 (10%) Residential 3,
Slide 13: Announced Ohio Gas LDC Sale
Announced Ohio Gas LDC Sale Transaction Highlights Key Transaction Terms Announced October 2025 Gross Purchase Price: ~$2,620MM Efficiently recycle capital, upside for additional CapEx Net Purchase Price: ~$2,400MM Supports balance sheet optimization ~1.9x of 2024 rate base(1) Signals
Slide 14: 2026 Regulatory Schedule
2026 Regulatory Schedule Upcoming Regulatory Activity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec ROE / Equity Ratio ’26 Rate Base(3) TX (E) TCOS(5) / DCRF(5) TCOS(6) / DCRF(6) 9.65% / 43.25% $18.5B IN (E) TDSIC / CECA / ECA 9.8% / 48.3%(1) $3.1B TX (G) GRIPSettlement filed April 23 9.8% / 60.6%
Slide 15: Reconciliation: Consolidated Net Income and Diluted Earnings per share
Reconciliation: Consolidated Net Income and Diluted Earnings per share (GAAP) to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Three Months Ended March 31, 2026 Dollars in Diluted millions EPS(1) Consolidated net income and diluted EPS on a GAAP basis $ 316 $ 0.
Slide 16: Reconciliation: Consolidated Net Income and Diluted Earnings per share
Reconciliation: Consolidated Net Income and Diluted Earnings per share (GAAP) to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Three Months Ended March 31, 2025 Dollars in Diluted millions EPS(1) Consolidated net income and diluted EPS on a GAAP basis $ 297 $ 0.
Slide 17: Reconciliation: Consolidated Net Income and Diluted Earnings per share
Reconciliation: Consolidated Net Income and Diluted Earnings per share (GAAP) to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Twelve Months Ended December 31, 2025 Dollars in Diluted millions EPS(1) Consolidated net income and diluted EPS on a GAAP basis $ 1,05
Slide 18: Reconciliation: Net Cash Provided by Operating Activities and Total Debt
Reconciliation: Net Cash Provided by Operating Activities and Total Debt, Net to non- GAAP Funds from Operations (FFO) and non-GAAP Adj. Debt Based on Moody’s Methodology Twelve month to date ended and as of period ended, respectively ($ in millions) YE 2025 1Q 2026 Net cash provided by operating ac
Slide 19: Reconciliation: Gross Margin and Total Debt
Reconciliation: Gross Margin and Total Debt, Net to non-GAAP Funds from Operations (FFO) and non-GAAP Rating Agency Adjusted Debt Based on S&P’s Methodology Twelve month to date ended and as of period ended, respectively ($ in millions) YE 2025 Q1 2026 Unadjusted EBITDA Gross Margin 7,240 7,331 O&M
Slide 20: Regulatory Information
Regulatory Information Information Location Electric Estimated 2025 year-end rate base by jurisdiction Regulatory Information – Electric Authorized ROE and capital structure by jurisdiction Definition of regulatory mechanisms Projected regulatory filing schedule Natural Gas Estimated 2025
Slide 21: Endnotes
Endnotes: Slide Notes (1) As compared to 2026 proxy peers (2) Refers to non-GAAP EPS annual growth rate for 2026E – 2035E (3) Based on Moody’s methodology; adjusted for CEHE storm related costs; FFO/Debt is a non-GAAP measure. Refer to slide 18 for Moody’s TTM Q1 reconciliation (4) Planned common eq
Slide 22: Endnotes
Endnotes: Slide Notes (1) End of period number of metered customers (2) As compared normal weather for service area 12 (3) Only pertains to heating degree days (4) As applied to base rates, per heating degree day (HDD) and cooling degree day (CDD) versus normal (5) Throughput and Meter Customers are
Slide 23: Endnotes
Endnotes: Slide Notes (1) Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS (2) Taxes are computed based on the impact removing
Slide 24: Additional Information
Additional Information Use of Non-GAAP Financial Measures In this presentation and the oral statements made in connection herewith, CenterPoint Energy presents, based on net income (loss), diluted earnings (loss) per share, and net cash provided by operating activities to total debt, net, and gross
CenterPoint Energy, Inc (Holding Co) — Q1 2026 Earnings Presentation on 6ix