olivLaw · US equity research
CenterPoint Energy, Inc. CNP
Electric Services · SIC 4911 · Vertical: Electric Services (SIC 4911)
CenterPoint Energy is a public utility holding company that operates electric transmission and distribution in the Houston area and in Indiana, along with natural gas distribution in four states. The company is currently in a phase of accelerated growth, driven by strong demand from large industrial customers and data centers, backed by a ten-year investment plan of more than 66.7 billion USD.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 03 Nov 2026, CenterPoint Energy, Inc. (CNP) stock was 42.53 USD (−0.28% on the day), with market capitalisation 27.8 bn USD, P/E 26.1 on diluted EPS of 1.63 USD over the last 12 months, dividend yield 2.09%, beta 0.07, 52-week range 36.62–45.04 USD. Latest reported quarter (Q1 2026): revenue of 3.0 bn USD (+1.9% YoY), net income of 316.0 m USD (+6.4% YoY), diluted EPS 0.48 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 71.4
- overbought (≥ 70)
- Bollinger (20, 2)
- 37.81 – 43.28
- in the upper half of the band · %B 0.86 · band width 13.5%
- SMA 50 / 200
- 39.29 / 41.60
- mixed trend
- MACD (12, 26, 9)
- 1.00 / 0.77
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +12.5% | −2.0% | +14.5 pp | — |
| 3 months | +2.3% | −2.2% | +4.5 pp | — |
| 6 months | −2.3% | +4.3% | −6.6 pp | — |
| Year to date | +10.9% | +10.6% | +0.4 pp | — |
| 1 year | +10.7% | +10.5% | +0.2 pp | −1.1% |
| 3 years | +55.3% | +73.7% | −18.4 pp | +47.3% |
| 5 years | +60.5% | +61.7% | −1.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2026 · 31 Mar 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.9 bn | 1.9 bn | 2.3 bn | 2.9 bn | 1.9 bn | 2.0 bn | 2.5 bn | 3.0 bn |
| Cost of revenue | 0 | 1.0 m | 1.0 m | 1.0 m | 2.0 m | 1.0 m | 0 | 1.0 m |
| Operating income | 467.0 m | 424.0 m | 483.0 m | 649.0 m | 417.0 m | 502.0 m | 542.0 m | 658.0 m |
| Depreciation & amortisation | 386.0 m | 334.0 m | 356.0 m | 363.0 m | 370.0 m | 392.0 m | 405.0 m | 423.0 m |
| Interest expense | 217.0 m | 195.0 m | 222.0 m | 238.0 m | 195.0 m | 243.0 m | 227.0 m | 279.0 m |
| Pre-tax income | 261.0 m | 245.0 m | 280.0 m | 378.0 m | 253.0 m | 286.0 m | 330.0 m | 409.0 m |
| Income tax | 33.0 m | 52.0 m | 32.0 m | 81.0 m | 55.0 m | -7.0 m | 66.0 m | 93.0 m |
| Net income | 228.0 m | 193.0 m | 248.0 m | 297.0 m | 198.0 m | 293.0 m | 264.0 m | 316.0 m |
| Diluted EPS | 0.36 | 0.30 | 0.38 ≈ | 0.45 | 0.30 | 0.45 | 0.40 ≈ | 0.48 |
| Operating cash flow | 576.0 m ≈ | 136.0 m ≈ | 889.0 m | 410.0 m | 560.0 m ≈ | 742.0 m ≈ | 774.0 m | 282.0 m |
| Capex | 812.0 m ≈ | 844.0 m ≈ | 2.0 bn | 1.0 bn | 1.1 bn ≈ | 1.2 bn ≈ | 1.5 bn | 1.2 bn |
| Dividends paid | 128.0 m ≈ | 130.0 m ≈ | 138.0 m | 143.0 m | 144.0 m ≈ | 144.0 m ≈ | 143.0 m | 150.0 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 91 percentile of its own 34-quarter history (min 6.7, median 20.3, max 48.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.3 bn | 7.6 bn | 7.4 bn | 8.4 bn | 9.3 bn | 8.7 bn | 8.6 bn | 9.4 bn |
| Revenue YoY | −34.7% | +20.5% | −1.9% | +12.6% | +11.6% | −6.7% | −0.6% | +8.3% |
| Net income | 368.0 m | 791.0 m | -773.0 m | 1.5 bn | 1.1 bn | 917.0 m | 1.0 bn | 1.1 bn |
| Net income YoY | −79.5% | +114.9% | −197.7% | unavailable | −28.9% | −13.2% | +11.1% | +3.2% |
| Diluted EPS | 0.74 | 1.33 | -1.79 | 2.28 | 1.59 | 1.37 | 1.58 | 1.60 |
| Diluted EPS YoY | −82.1% | +79.7% | −234.6% | unavailable | −30.3% | −13.8% | +15.3% | +1.3% |
| net % | 5.9% | 10.5% | -10.4% | 17.8% | 11.3% | 10.5% | 11.8% | 11.2% |
| Free cash flow | 485.0 m | -868.0 m | -601.0 m | -3.1 bn | -2.6 bn | -524.0 m | -2.4 bn | -2.4 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 38.0 m USD
- Financial debt
- 23.0 bn USD
- Net debt
- 22.9 bn USD
- Equity
- 11.2 bn USD
- Total assets
- 46.5 bn USD
- Debt / equity
- 2.06x
- Current ratio
- 0.91x
- ROE
- 9.6%
- ROA
- 2.3%
- FCF margin
- -25.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 7.4 bn | 8.4 bn | 9.3 bn | 8.7 bn | 8.6 bn | 9.4 bn | SEC (XBRL)· 19 Feb 2026verified |
| Cost of revenue | 257.0 m | 208.0 m | 204.0 m | 99.0 m | 3.0 m | 4.0 m | SEC (XBRL)· 19 Feb 2026verified |
| Gross profit | 7.2 bn ≈ | 8.1 bn ≈ | 9.1 bn ≈ | 8.6 bn ≈ | 8.6 bn ≈ | 9.4 bn ≈ | SEC (XBRL)· 19 Feb 2026derived |
| Operating income | 1.0 bn | 1.4 bn | 1.6 bn | 1.8 bn | 2.0 bn | 2.1 bn | SEC (XBRL)· 19 Feb 2026verified |
| Depreciation & amortisation | 1.2 bn | 1.3 bn | 1.3 bn | 1.4 bn | 1.4 bn | 1.5 bn | SEC (XBRL)· 19 Feb 2026verified |
| EBITDA | 2.2 bn ≈ | 2.7 bn ≈ | 2.9 bn ≈ | 3.2 bn ≈ | 3.4 bn ≈ | 3.6 bn ≈ | SEC (XBRL)· 19 Feb 2026derived |
| Interest expense | 501.0 m | 508.0 m | 524.0 m | 701.0 m | 838.0 m | 903.0 m | SEC (XBRL)· 19 Feb 2026verified |
| Pre-tax income | 563.0 m | 778.0 m | 1.4 bn | 1.1 bn | 1.2 bn | 1.2 bn | SEC (XBRL)· 19 Feb 2026verified |
| Income tax | 80.0 m | 110.0 m | 360.0 m | 170.0 m | 195.0 m | 195.0 m | SEC (XBRL)· 19 Feb 2026verified |
| Net income | -773.0 m | 1.5 bn | 1.1 bn | 917.0 m | 1.0 bn | 1.1 bn | SEC (XBRL)· 19 Feb 2026verified |
| Diluted EPS | -1.79 | 2.28 | 1.59 | 1.37 | 1.58 | 1.60 | SEC (XBRL)· 19 Feb 2026verified |
| Weighted average diluted shares | 531.0 m | 609.9 m | 632.3 m | 633.2 m | 644.1 m | 655.7 m | SEC (XBRL)· 19 Feb 2026verified |
| Dividend per share | — | — | 0.72 | 0.78 | 0.83 | 0.89 | SEC (XBRL)· 19 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 147.0 m | 230.0 m | 74.0 m | 90.0 m | 24.0 m | 38.0 m | SEC (XBRL)· 19 Feb 2026verified |
| Receivables | 676.0 m | 690.0 m | 889.0 m | 710.0 m | 717.0 m | 806.0 m | SEC (XBRL)· 19 Feb 2026verified |
| Current assets | 2.9 bn | 7.4 bn | 4.7 bn | 3.0 bn | 4.4 bn | 5.7 bn | SEC (XBRL)· 19 Feb 2026verified |
| Property, plant & equipment, net | 22.4 bn | 23.5 bn | 27.1 bn | 29.9 bn | 32.1 bn | 34.1 bn | SEC (XBRL)· 19 Feb 2026verified |
| Goodwill | 4.7 bn | 4.3 bn | 4.3 bn | 4.2 bn | 3.9 bn | 3.6 bn | SEC (XBRL)· 19 Feb 2026verified |
| Intangibles (excl. goodwill) | 50.0 m | 44.0 m | 38.0 m | — | — | — | SEC (XBRL)· 17 Feb 2023verified |
| Total assets | 33.5 bn | 37.7 bn | 38.5 bn | 39.7 bn | 43.8 bn | 46.5 bn | SEC (XBRL)· 19 Feb 2026verified |
| Accounts payable | 853.0 m | 1.2 bn | 1.4 bn | 917.0 m | 1.3 bn | 1.3 bn | SEC (XBRL)· 19 Feb 2026verified |
| Short-term debt | 1.9 bn | 545.0 m | 2.0 bn | 1.1 bn | 566.0 m | 2.4 bn | SEC (XBRL)· 19 Feb 2026verified |
| Long-term debt | 11.5 bn | 15.6 bn | 14.8 bn | 17.6 bn | 20.4 bn | 20.6 bn | SEC (XBRL)· 19 Feb 2026verified |
| Current liabilities | 4.8 bn | 4.3 bn | 5.1 bn | 3.9 bn | 4.0 bn | 6.3 bn | SEC (XBRL)· 19 Feb 2026verified |
| Equity | 8.3 bn † | 9.4 bn † | 10.0 bn † | 9.7 bn † | 10.7 bn † | 11.2 bn † | SEC (XBRL)· 19 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.0 bn | 22.0 m | 1.8 bn | 3.9 bn | 2.1 bn | 2.5 bn | SEC (XBRL)· 19 Feb 2026verified |
| Capex | 2.6 bn | 3.2 bn | 4.4 bn | 4.4 bn | 4.5 bn | 4.9 bn | SEC (XBRL)· 19 Feb 2026verified |
| Free cash flow | -601.0 m ≈ | -3.1 bn ≈ | -2.6 bn ≈ | -524.0 m ≈ | -2.4 bn ≈ | -2.4 bn ≈ | SEC (XBRL)· 19 Feb 2026derived |
| Investing cash flow | -1.3 bn | -1.9 bn | -1.6 bn | -4.2 bn | -4.5 bn | -4.0 bn | SEC (XBRL)· 19 Feb 2026verified |
| Financing cash flow | -834.0 m | 1.9 bn | -345.0 m | 374.0 m | 2.3 bn | 1.5 bn | SEC (XBRL)· 19 Feb 2026verified |
| Dividends paid | 392.0 m | 385.0 m | 440.0 m | 485.0 m | 522.0 m | 574.0 m | SEC (XBRL)· 19 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
3 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 28 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
03 Nov 2026Source: olivLaw, closing series
Market cap: 27.8 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet30
- Valuation25
- Quality35
- Growth10
- Returns39
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 11.70 – 46.10 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Dividend discount (DDM)11.70 – 15.73 (Mid 13.42)
- Peers: EV/EBITDA18.13 – 46.10 (Mid 35.85)10 companies used · median multiple 12.2x · quartiles 9.1x – 14.0xAEP, CEG, D, EIX, ES, ETR, NEE, NRG, SO, VST
- Peers: P/E33.59 – 41.27 (Mid 37.58)11 companies used · median multiple 23.0x · quartiles 20.6x – 25.3xAEP, CEG, D, ES, ETR, FE, NEE, NRG, PPL, SO, VST
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 28/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 5.6% | 31 (vs peers) | 6% |
| Net margin · Quality | 11.4% | 38 (vs peers) | 6% |
| Revenue CAGR 3Y · Growth | 0.1% | 21 (on a fixed band) | 6% |
| EPS CAGR 3Y · Growth | 0.2% | 2 (on a fixed band) | 9% |
| Net debt / EBITDA · Balance sheet | 5.9x | 27 (vs peers) | 13% |
| Interest coverage · Balance sheet | 2.2x | 21 (on a fixed band) | 11% |
| Current ratio · Balance sheet | 1.2x | 58 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 26.1x | 8 (vs peers) | 13% |
| EV/EBITDA · Valuation | 13.4x | 45 (vs peers) | 11% |
| Dividend yield · Returns | 2.1% | 17 (vs peers) | 15% |
| Payout ratio (EPS) · Returns | 54.6% | 92 (on a fixed band) | 6% |
Score groups
- Balance sheet30/100 · 3/3 factors with a value
- Growth10/100 · 2/2 factors with a value
- Quality35/100 · 2/2 factors with a value
- Returns39/100 · 2/2 factors with a value
- Valuation25/100 · 2/2 factors with a value
Memo
CENTERPOINT ENERGY INC (CNP). Latest full fiscal year: 2025; data up to 2026-03-31.
Figures computed from the financial statements: revenue 9.4 bn USD in 2025; YoY growth 8.3%; net margin 11.4%; ROE 9.6%; net debt/EBITDA 5.9x.
The estimated value range is 18.13–41.27 USD per share (median of 3 methods, agreement: medium); assumptions are illustrative. Against the central value of 35.85 USD, the price of 42.53 USD leaves a potential of -15.7% (value / price − 1) and a margin of safety of -18.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 28/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Payout ratio (EPS): 54.6%
What contradicts it
- Revenue CAGR 3Y: 0.1%
- EPS CAGR 3Y: 0.2%
- Net debt / EBITDA: 5.9x
- Interest coverage: 2.2x
- P/E (TTM): 26.1x
- Dividend yield: 2.1%
- The price is above the estimated value range
Versus the vertical median
Electric Services (SIC 4911) · same industry (4-digit SIC) · compared with 13 companies
Only companies with a capitalisation between 3.4 bn and 215.6 bn (within 8× of the company's); 39 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| NEENextera Energy Inc | 175.9 bn | 21.4 | 15.6% | 31.5% | +9.8% | −2% / +44% |
| SOSouthern Co | 105.7 bn | 24.0 | 11.3% | 14.5% | +10.6% | +3% / +32% |
| CEGConstellation Energy Corporation | 93.3 bn | 25.7 | 15.3% | 11.1% | +8.3% | −28% / +118% |
| AEPAmerican Electric Power Company, Inc. | 70.7 bn | 19.0 | 12.8% | 16.9% | +10.9% | +5% / +63% |
| DDominion Energy, Inc | 58.7 bn | 19.8 | 10.5% | 16.9% | +14.2% | +6% / +47% |
| ETREntergy Corp | 49.9 bn | 27.7 | 11.1% | 13.6% | +9.0% | +12% / +115% |
| VSTVistra Operations Company LLC | 46.9 bn | 23.0 | 43.1% | 11.6% | +3.0% | −22% / +294% |
| CNPCenterpoint Energy Inc | 27.8 bn | 26.1 | 9.6% | 11.4% | +8.3% | +11% / +55% |
| FEFirstenergy Corp | 27.3 bn | 25.7 | 8.4% | 6.9% | +12.0% | −1% / +28% |
| PPLPPL Corp | 26.9 bn | 21.8 | 8.3% | 13.1% | +6.9% | −3% / +37% |
| ESEversource Energy | 26.0 bn | 17.9 | 9.1% | 10.4% | +13.8% | +3% / +16% |
| EIXEdison International | 22.9 bn | 6.3 | 20.8% | 19.6% | +9.8% | +1% / −11% |
| NRGNRG Energy, Inc | 20.2 bn | 24.9 | 23.8% | 2.6% | +9.2% | −43% / +101% |
| TLNTalen Energy Corporation | 15.5 bn | — | -16.7% | -6.4% | +22.0% | −9% / +523% |
1- and 3-year price returns: for CNP from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 24.13 Total return -42% · Per year -42% | 42.75 Total return 3% · Per year 3% | 64.52 Total return 54% · Per year 54% |
| 3 years | 21.40 Total return -45% · Per year -18% | 42.86 Total return 7% · Per year 2% | 71.31 Total return 76% · Per year 21% |
| 5 years | 18.99 Total return -48% · Per year -12% | 42.97 Total return 12% · Per year 2% | 78.81 Total return 99% · Per year 15% |
- Exit P/E± 10.71
- Net margin± 7.50
- Annual revenue growth± 6.43
- Annual dilution± 0.63
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 28 Jul 2026; since then the company filed 10-Q (27 Oct 2026), 8-K (27 Oct 2026 · results).
In brief
CenterPoint Energy is a public utility holding company that operates electric transmission and distribution in the Houston area and in Indiana, along with natural gas distribution in four states. The company is currently in a phase of accelerated growth, driven by strong demand from large industrial customers and data centers, backed by a ten-year investment plan of more than 66.7 billion USD 12.
SWOT
Strengths
- The company holds a regulated monopoly position in the Houston service area, where no other transmission and distribution provider operates.
- Most of the rate base has been subject to recent rate cases, which gives a predictable recovery of investments.
- Net income rose in the first half of 2026 compared with the same period a year earlier, driven by the Electric segment.
Weaknesses
- The heavy investment requirement creates dependence on external financing, including equity and debt issuance.
- The Corporate and Other segment posts losses that have been widening, partly due to ZENS mark-to-market effects.
- Revenue collection is concentrated in a few retail electric providers, creating a risk of payment delays.
Opportunities
- If large-load projects in the Batch Zero process connect, rising demand could significantly expand the regulated asset base.
- The planned sale of the Ohio gas business could free capital for reinvestment in electric assets with regulated returns.
- Grid and reliability investments could improve relations with regulators and customers.
Threats
- ERCOT rules on large customers or delays in the Batch Zero process could postpone planned connections.
- Severe weather and storms have been costly in the past and could generate new expenses and lawsuits.
- If interest rates stay high, the cost of financing could affect access to capital markets.
Risks
- Litigation over Winter Storm Urihigh
The company has received claims and lawsuits related to the February 2021 outages, which could lead to additional costs 1.
- Reliance on a single coal suppliermedium
Indiana Electric bought all of its coal from one party in 2025, and an interruption in deliveries could affect power supply 1.
- Delays in generation projectsmedium
Wind and solar projects were terminated in 2025, and IURC approvals or MISO interconnection delays could postpone the generation plan 1.
- Concentration of receivables with REPsmedium
Houston Electric's receivables are concentrated in a small number of REPs, so delays or defaults could affect cash flows 1.
- Exposure to storms and hazardshigh
Hurricanes and storms can damage the network, and existing insurance is limited and may not cover all costs 1.
Investment thesis
What would need to be true (bull case)
- If demand in Houston materializes as forecast, the regulated asset base could grow considerably and support long-term profit growth 23.
- The regulated nature of revenues and interim recovery mechanisms can offer predictability during heavy investment periods 1.
- Raising the investment plan without an announced increase in equity financing could support shareholder value if execution follows plan 3.
What would break the thesis
- High investment ambitions increase reliance on external financing, and higher interest costs could compress margins 12.
- Past litigation over weather events and grid outages could generate unforeseen costs 1.
- Some large-load projects in Batch Zero may not materialize, which could leave part of the planned capacity unused 23.
What to watch
- Closing of the Ohio natural gas business sale and use of proceedsQ4 2026
- Outcome of the ERCOT Batch Zero process and number of gigawatts confirmed for connection2027
- Delivery of 2026 non-GAAP EPS guidance and any update to the investment planQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 28 Jul 2026; since then the company filed 10-Q (27 Oct 2026), 8-K (27 Oct 2026 · results).
The business
The company describes itself as first and foremost an energy delivery company that intends to remain focused on its regulated segments. During 2025 CenterPoint sold its Louisiana and Mississippi natural gas businesses and announced the sale of its Ohio gas business, expected to close in the fourth quarter of 2026 12.
The group reports three segments: Electric, Natural Gas, and Corporate and Other. The Electric segment covers the Houston and Indiana operations, while Natural Gas includes intrastate distribution, pipeline connections and appliance repair services in Minnesota 1.
Segments
Electric
The Electric segment includes transmission and distribution in Houston, where Houston Electric forecasts a peak demand increase of nearly 50% by 2029 1. In Indiana, SIGECO owns generation assets and acquired a 191 MW solar array in 2025 1.
Natural Gas
The Natural Gas segment supplies residential, commercial and industrial gas customers in Indiana, Minnesota, Ohio and Texas, with typical customer growth of about 1% annually 1. The planned sale of the Ohio business would change this segment's profile if the transaction closes on the expected timeline 12.
Market context
The company's core market is the Houston area, where ERCOT sets the rules for connecting large customers and demand is rising quickly, particularly from data centers, refining and export industries 12. The natural gas markets in the Midwest and Texas are growing slowly, at roughly 1% a year 1.
Demand growth rests on a pipeline of large customers still under review: about 14 GW of Batch Zero submissions could become eligible, but timing and volume remain uncertain 23. If these projects materialize, they could directly affect transmission and distribution revenues in Houston.
Trends
- Expanded investment planmixed
The ten-year investment plan was raised to roughly 66.7 billion USD without an announced increase in equity financing 23. This could support rate base growth, but it also raises the need for external funding.
- Cost recovery through regulationtailwind
About 85% of the rate base has been subject to a rate case since the start of 2023, supporting revenue stability through 2029 1. Interim recovery mechanisms may limit the impact of regulatory delays.
- Financing costs and credit ratingsheadwind
The company aims to maintain investment grade ratings, and a downgrade would increase borrowing costs for new debt 1. Higher interest rates already added to costs in the second quarter of 2026 3.
Competitive position
In the Houston service area there are no other transmission and distribution utilities, since a new entrant would need a CCN from the PUCT 1. Competitive pressure is more likely from distributed generation, which could reduce demand for distribution services, though so far this has not been significant 1.
In Indiana, SIGECO is a vertically integrated utility with exclusive service territories, and any other provider would need IURC approval 1. Competitive pressure comes mainly from power purchases in the MISO market and from customers' alternative generation options.
- Other transmission and distribution operators in Texas
No other utility serves the Houston Electric territory, but a new entrant would need a PUCT certificate.
- Distributed generation providers
On-site generation near the customer could reduce demand for distribution services, though the effect has not been significant so far.
- Power market participants in MISO
Competition for energy and capacity purchases in the MISO region influences SIGECO's costs.
- Midwest natural gas distribution companies
Regional gas distributors compete indirectly through alternative energy sources and efficiency measures.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- CenterPoint Energy Data Breach Impacts 1 Million TexansSecurityWeek · 15 Oct 2026 · EN
- Is CenterPoint Energy Underperforming the Nasdaq?Yahoo Finance — News · 18 Sept 2026 · EN
- CenterPoint Energy confirms customer data stolen in cyberattackBleepingComputer · 15 Sept 2026 · EN
- Texas Utility CenterPoint Energy Confirms Breach After Hacker Leaks DataSecurityWeek · 15 Sept 2026 · EN
- Electric and gas utility CenterPoint Energy warns of data breach after dark web postThe Record (Recorded Future) · 15 Sept 2026 · EN
- CenterPoint Energy confirms intruder helped themselves to customer informationThe Register · 15 Sept 2026 · EN
- CenterPoint Energy discloses customer data breach in SEC filingCNA (Channel NewsAsia) · 14 Sept 2026 · EN
The latest news item in our archive is from 15 Oct 2026; the newest SEC filing is from 27 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report27 Oct 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report27 Oct 2026
- Current report20 Oct 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report01 Oct 2026Acquisition or disposition of assets · Regulation FD disclosure · Financial statements and exhibits
- Current report14 Sept 2026Other events
- Current report09 Sept 2026Material agreement · Termination of a material agreement · Creation of a direct financial obligation · Other events · Financial statements and exhibits
- Current report31 Jul 2026Material agreement · Financial statements and exhibits
- Current report28 Jul 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report28 Jul 2026
- Current report15 May 2026Material agreement · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / CenterPoint Energy, Inc. · 19 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / CenterPoint Energy, Inc. · 28 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / CenterPoint Energy, Inc. · 28 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.