A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
CENTERPOINT ENERGY INC
CNP
$29.3B
Mkt Cap
$44.56
+0.75%
CENTERPOINT ENERGY INC (CNP) has a current P/E ratio of 27.9, compared to its historical median P/E of 18.3. The stock is currently considered Expensive based on its historical valuation range.
CENTERPOINT ENERGY INC (CNP) has a 5-year average return on invested capital (ROIC) of 5.3%. This is below average and may indicate limited pricing power.
CENTERPOINT ENERGY INC (CNP) has a market capitalization of $29.1B. It is classified as a large-cap stock.
Yes, CENTERPOINT ENERGY INC (CNP) pays a dividend with a trailing twelve-month yield of 1.99%.
Based on historical P/E analysis, CENTERPOINT ENERGY INC (CNP) appears expensive. The current P/E of 27.9 is 52% above its historical median of 18.3. The estimated fair value CAGR (P/E method) is 10.7%.
CENTERPOINT ENERGY INC (CNP) operates in the Electric Services industry, within the Utilities sector.
CENTERPOINT ENERGY INC (CNP) reported annual revenue of $9.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
CenterPoint Energy is a public utility holding company that owns and operates electric transmission, distribution, and generation facilities, as well as natural gas distribution systems across multiple states. The company's Electric segment comprises Houston Electric, which provides transmission and distribution services in the ERCOT region serving the Texas Gulf Coast including Houston with approximately 2.9 million metered customers, and Indiana Electric (SIGECO), which serves approximately 154,000 customers in southwestern Indiana with both electric and natural gas delivery services and owns generation assets optimized in the wholesale power market. The Natural Gas segment operates distribution systems in Minnesota, Texas, Indiana, and Ohio through various subsidiaries, with the Ohio business pending sale. CenterPoint's business model is based on regulated utility rate recovery through tariffs approved by state public utility commissions and the PUCT, generating revenues from transmission and distribution charges rather than commodity sales, supported by capital trackers that enable recovery of approximately 85% of capital investments. The company benefits from a regulated, asset-intensive model with long-term visibility into earnings driven by substantial industrial load growth in Houston, particularly from data center and manufacturing projects, while maintaining affordability through system capacity utilization that spreads fixed costs across a growing customer base. CenterPoint's competitive moat derives from its exclusive franchises and regulatory barriers to entry in its service territories, with non-exclusive franchises in Texas municipalities typically ranging 30–40 years, and its geographic footprint spans Texas, Indiana, Minnesota, and Ohio, with Texas representing over 70% of the portfolio following planned divestitures.
【Accelerating industrial load growth】 Management expects Houston Electric's peak load demand to increase by 50% (10 GW) by 2029, two years earlier than previously forecasted, driven by 12.2 GW of firmly committed industrial load spanning data centers and manufacturing across diverse customers and geographies. The company anticipates energizing approximately 8 GW of this load by 2029 and expects this growth to provide approximately $4 billion in aggregate savings for Texas residential and commercial customers over the next decade while supporting affordability with charges 11% below the national average. Capital deployment is accelerating with $6.8 billion planned for 2026 and a refreshed 10-year plan exceeding $65 billion through 2035, with additional transmission projects expected to be identified in the second half of 2026 as the company completes its transmission planning refresh. Management remains focused on de-risking the financing plan, having completed nearly 70% of 2026 financing needs, and expects improved credit metrics supported by securitization bonds and the anticipated fourth-quarter 2026 closing of the Ohio Gas LDC sale for approximately $2.62 billion in gross proceeds.
| Metric | Target | Period |
|---|---|---|
| Non-GAAP EPS | $1.89–$1.91 | FY2026 |
| Non-GAAP EPS long-term growth rate | 7%–9% annually | 2026–2028 and 2028–2035 |
| Capital investment plan | $6.8 billion | FY2026 |
| 10-year capital investment plan | over $65 billion | through 2035 |
| Ohio Gas LDC sale proceeds | approximately $2.62 billion | expected closing Q4 2026 |
Non-GAAP EPS (FY2026): “we are reiterating our full year 2026 non-GAAP EPS guidance of $1.89-$1.91, which at the midpoint would represent 8% growth over actual 2025 delivered results.”
Non-GAAP EPS long-term growth rate (2026–2028 and 2028–2035): “Over the long term, we continue to expect to grow non-GAAP EPS at the mid to high end of our 7%-9% annual guidance range through 2028 and 7%-9% annually thereafter through 2035.”
Capital investment plan (FY2026): “For 2026, we are reaffirming our capital plan outlined in our 10-year plan at $6.8 billion for the benefit of our customers”
10-year capital investment plan (through 2035): “Today, we are incorporating this needed project into our outlook, and we are increasing our capital investment plan by approximately $500 million, bringing our 10-year total to more than $65 billion.”
Ohio Gas LDC sale proceeds (expected closing Q4 2026): “CenterPoint Energy, through its subsidiary CERC Corp., entered into the Ohio Securities Purchase Agreement to sell all of the issued and outstanding equity interests in CEOH for total consideration of approximately $2.62 billion”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 9.4B | 9.4B | 8.6B | 8.7B | 9.3B | 8.4B |
| Net Income | 1.1B | 1.1B | 1.0B | 867M | 1.0B | 1.4B |
| EPS | $1.64 | $1.60 | $1.58 | $1.37 | $1.59 | $2.28 |
| Free Cash Flow | -2.7B | -2.4B | -2.4B | -524M | -2.6B | -3.1B |
| ROIC | 5.1% | 5.5% | 5.7% | 5.5% | 4.7% | 5.3% |
| Gross Margin | - | 39.3% | 40.4% | 36.7% | 36.2% | 38.2% |
| Debt/Equity | 2.15 | 2.06 | 2.01 | 1.91 | 1.66 | 1.69 |
| Dividends/Share | $0.89 | $0.89 | $0.83 | $0.78 | $0.72 | $0.63 |
| Operating Income | 2.1B | 2.1B | 2.0B | 1.8B | 1.6B | 1.4B |
| Operating Margin | 22.5% | 22.5% | 23.0% | 20.2% | 16.8% | 16.3% |
| ROE | 9.4% | 9.6% | 10.0% | 8.8% | 10.4% | 15.7% |
| Shares Outstanding | 654M | 658M | 645M | 633M | 634M | 610M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 9.2B | 7.4B | 7.5B | 9.6B | 6.3B | 7.6B | 7.4B | 8.4B | 9.3B | 8.7B | 8.6B | 9.4B | 9.4B |
| Gross Margin | 24.9% | 30.5% | 73.7% | 60.6% | 39.2% | 37.3% | 36.8% | 38.2% | 36.2% | 36.7% | 40.4% | 39.3% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | 4.5B | 4.7B | N/A | N/A | N/A | N/A | N/A | 6.8B | 6.7B | 7.2B | 7.2B |
| EBIT | 935M | 933M | 1.0B | 1.1B | 868M | 1.1B | 1.0B | 1.4B | 1.6B | 1.8B | 2.0B | 2.1B | 2.1B |
| Op. Margin | 10.1% | 12.6% | 13.6% | 11.8% | 13.8% | 14.2% | 14.0% | 16.3% | 16.8% | 20.2% | 23.0% | 22.5% | 22.5% |
| Net Income | 611M | -692M | 432M | 1.8B | 333M | 674M | -949M | 1.4B | 1.0B | 867M | 1.0B | 1.1B | 1.1B |
| Net Margin | 6.6% | -9.4% | 5.7% | 18.6% | 5.3% | 8.9% | -12.8% | 16.7% | 10.8% | 10.0% | 11.8% | 11.2% | 11.4% |
| Non-Recurring | 0 | 4.0M | 0 | 0 | 0 | 0 | 185M | 8.0M | 303M | -13M | 0 | -49M | -49M |
| Returns on Capital | |||||||||||||
| ROIC | 5.4% | 8.0% | 5.9% | 9.8% | 5.0% | 5.9% | 4.2% | 5.3% | 4.7% | 5.5% | 5.7% | 5.5% | 5.1% |
| ROE | 13.8% | -17.3% | 12.5% | 44.0% | 5.2% | 8.2% | -11.4% | 15.7% | 10.4% | 8.8% | 10.0% | 9.6% | 9.4% |
| ROA | 2.7% | -3.1% | 2.0% | 8.0% | 1.3% | 2.2% | -2.8% | 3.9% | 2.6% | 2.2% | 2.4% | 2.3% | 2.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.4B | 1.9B | 1.9B | 1.4B | 2.1B | 1.6B | 2.0B | 22M | 1.8B | 3.9B | 2.1B | 2.5B | 2.4B |
| Free Cash Flow | 25M | 286M | 509M | -9.0M | 485M | -868M | -601M | -3.1B | -2.6B | -524M | -2.4B | -2.4B | -2.7B |
| Owner Earnings | 384M | 895M | 794M | 377M | 900M | 406M | 797M | -1.3B | 510M | 2.5B | 692M | 945M | 757M |
| CapEx | 1.4B | 1.6B | 1.4B | 1.4B | 1.7B | 2.5B | 2.6B | 3.2B | 4.4B | 4.4B | 4.5B | 4.9B | 5.0B |
| Maint. CapEx | 1.0B | 970M | 1.1B | 1.0B | 1.2B | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B | 1.4B | 1.5B | 1.6B |
| Growth CapEx | 359M | 614M | 288M | 390M | 421M | 1.3B | 1.4B | 1.8B | 3.1B | 3.0B | 3.1B | 3.3B | 3.4B |
| D&A | 1.0B | 970M | 1.1B | 1.0B | 1.2B | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B | 1.4B | 1.5B | 1.6B |
| CapEx/OCF | 98.2% | 84.7% | 73.5% | 100.6% | 77.3% | 153.0% | 130.1% | 14381.8% | 244.1% | 113.5% | 211.0% | 195.9% | 213.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 408M | 426M | 443M | 461M | 499M | 577M | 392M | 385M | 440M | 485M | 522M | 574M | 581M |
| Dividend Yield | 5.9% | 7.3% | 6.4% | 4.9% | 5.1% | 4.7% | 4.2% | 2.9% | 2.6% | 2.9% | 2.9% | 2.4% | 2.0% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 0 | 5.0M | 3.0M | 4.0M | 6.0M | 7.0M | 9.0M | 11M | 12M | 15M | 8.0M | 11M | 11M |
| Debt Repayment | 537M | 644M | 1.2B | 1.2B | 484M | 1.3B | 1.7B | 3.0B | 1.8B | 3.2B | 1.1B | 1.6B | 1.6B |
| Balance Sheet | |||||||||||||
| Net Debt | 7.6B | 7.7B | 7.3B | 7.6B | 4.4B | 13.9B | 12.2B | 14.2B | 16.1B | 17.8B | 20.9B | 22.5B | 23.4B |
| Cash & Equiv. | 298M | 264M | 341M | 260M | 4.2B | 241M | 147M | 230M | 74M | 90M | 24M | 38M | 1.2B |
| Long-Term Debt | 8.0B | 7.9B | 7.5B | 8.2B | 8.7B | 14.2B | 11.5B | 15.6B | 14.8B | 17.6B | 20.4B | 20.6B | 22.5B |
| Debt/Equity | 1.95 | 2.53 | 2.48 | 1.89 | 1.14 | 1.79 | 1.59 | 1.69 | 1.66 | 1.91 | 2.01 | 2.06 | 2.15 |
| Interest Coverage | 2.6 | 2.7 | 3.0 | 3.6 | 2.4 | 2.0 | 2.1 | 2.7 | 3.0 | 2.5 | 2.4 | 2.3 | 21.2 |
| Equity | 4.5B | 3.5B | 3.5B | 4.7B | 8.1B | 8.4B | 8.3B | 9.4B | 10.0B | 9.7B | 10.7B | 11.2B | 11.4B |
| Total Assets | 23.1B | 21.3B | 21.8B | 22.7B | 27.1B | 35.5B | 33.5B | 37.7B | 38.5B | 39.7B | 43.8B | 46.5B | 47.8B |
| Total Liabilities | 6.0B | 5.6B | 5.8B | 3.9B | 3.9B | 4.8B | 25.1B | 4.7B | 28.5B | 4.9B | 6.0B | 6.3B | -344M |
| Intangibles | N/A | N/A | 49M | 74M | 65M | 321M | 50M | 44M | 38M | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | -657M | -668M | 543M | 349M | 632M | -845M | 154M | 709M | 1.1B | 1.6B | 2.0B | 2.4B |
| Working Capital | 476M | 231M | -157M | 326M | 3.7B | -41M | -1.9B | 3.1B | -414M | -837M | 336M | -559M | 875M |
| Current Assets | 3.3B | 2.7B | 2.9B | 3.4B | 7.0B | 3.9B | 2.9B | 7.4B | 4.7B | 3.0B | 4.4B | 5.7B | 6.2B |
| Current Liabilities | 2.8B | 2.5B | 3.1B | 3.1B | 3.3B | 4.0B | 4.8B | 4.3B | 5.1B | 3.9B | 4.0B | 6.3B | 5.3B |
| Per Share Data | |||||||||||||
| EPS | 1.42 | -1.61 | 1.00 | 4.13 | 0.74 | 1.33 | -1.79 | 2.28 | 1.59 | 1.37 | 1.58 | 1.60 | 1.64 |
| Owner EPS | 0.89 | 2.08 | 1.84 | 0.87 | 2.00 | 0.80 | 1.50 | -2.14 | 0.80 | 3.89 | 1.07 | 1.44 | 1.16 |
| Book Value | 10.57 | 8.05 | 8.01 | 10.80 | 17.91 | 16.49 | 15.75 | 15.43 | 15.84 | 15.28 | 16.54 | 16.96 | 17.50 |
| Cash Flow/Share | 3.25 | 4.35 | 4.45 | 3.27 | 4.75 | 3.23 | 3.76 | 0.04 | 2.86 | 6.13 | 3.32 | 3.78 | 4.07 |
| Dividends/Share | 0.95 | 0.99 | 1.03 | 1.35 | 1.12 | 0.86 | 0.74 | 0.63 | 0.72 | 0.78 | 0.83 | 0.89 | 0.89 |
| Shares Out. | 430.3M | 429.8M | 432.0M | 433.9M | 450.0M | 506.8M | 530.2M | 610.1M | 634.0M | 632.8M | 644.9M | 657.5M | 654.2M |
| Valuation | |||||||||||||
| P/E Ratio | 11.4 | N/A | 18.3 | 5.4 | 30.7 | 17.1 | N/A | 11.0 | 17.6 | 19.7 | 19.8 | 23.8 | 27.2 |
| P/FCF | 279.7 | 19.5 | 15.6 | N/A | 21.1 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 15.6 | 14.2 | 14.9 | 15.1 | 16.8 | 23.3 | 19.9 | 21.5 | 20.9 | 19.4 | 20.4 | 21.6 | 24.8 |
| Price/Book | 1.5 | 1.6 | 2.3 | 2.0 | 1.3 | 1.4 | 1.2 | 1.6 | 1.8 | 1.8 | 1.9 | 2.2 | 2.5 |
| Price/Sales | 0.7 | 0.8 | 0.9 | 1.0 | 1.6 | 1.6 | 1.3 | 1.6 | 1.8 | 2.0 | 2.1 | 2.5 | 3.1 |
| FCF Yield | 0.4% | 5.1% | 6.4% | -0.1% | 4.7% | -7.5% | -6.1% | -20.6% | -14.7% | -3.1% | -11.8% | -9.5% | -9.2% |
| Market Cap | 7.0B | 5.6B | 7.9B | 9.6B | 10.2B | 11.5B | 9.9B | 15.2B | 17.8B | 17.1B | 20.2B | 25.0B | 29.1B |
| Avg. Price | 16.02 | 13.67 | 16.06 | 21.53 | 21.76 | 23.99 | 17.67 | 21.70 | 27.01 | 26.87 | 27.83 | 36.20 | 44.56 |
| Year-End Price | 16.25 | 12.99 | 18.33 | 22.10 | 22.73 | 22.75 | 18.71 | 24.99 | 28.03 | 26.95 | 31.28 | 38.08 | 44.56 |
CENTERPOINT ENERGY INC passes 2 of 9 quality checks, indicating weak fundamentals.
CENTERPOINT ENERGY INC trades at 27.9x trailing earnings, compared to its 15-year median P/E of 18.3x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 5.3% with a gross margin of 38.2%. Total shareholder yield (dividends) is 2.0%. At current prices, the estimated annualized return to fair value is +4.2%.
CENTERPOINT ENERGY INC (CNP) has a net profit margin of 11.2%. This is a healthy margin.
CENTERPOINT ENERGY INC (CNP) generated $-2.4 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
CENTERPOINT ENERGY INC (CNP) has a debt-to-equity ratio of 2.06. This indicates higher leverage, which may increase financial risk.
CENTERPOINT ENERGY INC (CNP) reported earnings per share (EPS) of $1.60 in its most recent fiscal year.
CENTERPOINT ENERGY INC (CNP) has a return on equity (ROE) of 9.6%. This indicates moderate shareholder returns.
CENTERPOINT ENERGY INC (CNP) has a 5-year average gross margin of 38.2%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for CENTERPOINT ENERGY INC (CNP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CENTERPOINT ENERGY INC (CNP) has a book value per share of $16.96, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects Houston Electric's peak load demand to increase by 50% (10 GW) by 2029, two years earlier than previously forecasted, driven by 12.2 GW of firmly committed industrial load spanning data centers and manufacturing across diverse customers and geographies. The company anticipates energizing approximately 8 GW of this load by 2029 and expects this growth to provide approximately $4 billion in aggregate savings for Texas residential and commercial customers over the next decade while supporting affordability with charges 11% below the national average. Capital deployment is accelerating with $6.8 billion planned for 2026 and a refreshed 10-year plan exceeding $65 billion through 2035, with additional transmission projects expected to be identified in the second half of 2026 as the company completes its transmission planning refresh. Management remains focused on de-risking the financing plan, having completed nearly 70% of 2026 financing needs, and expects improved credit metrics supported by securitization bonds and the anticipated fourth-quarter 2026 closing of the Ohio Gas LDC sale for approximately $2.62 billion in gross proceeds.
Based on recent SEC filings and earnings calls, CENTERPOINT ENERGY INC (CNP) has provided the following forward guidance: Non-GAAP EPS: $1.89–$1.91 (FY2026); Non-GAAP EPS long-term growth rate: 7%–9% annually (2026–2028 and 2028–2035); Capital investment plan: $6.8 billion (FY2026); 10-year capital investment plan: over $65 billion (through 2035); Ohio Gas LDC sale proceeds: approximately $2.62 billion (expected closing Q4 2026).