CenterPoint Energy Inc.
CNPFinancial Analysis · Updated May 18, 2026 · Coverage 2026-Q2
Latest Q Revenue
$3.0B
Q1 2026 · +4.6% YoY
TTM ROIC
4.4%
FY2025 · NOPAT (Net Income + after-tax interest) / Invested Capital (Net PP&E + WC, rate base proxy) · WACC ~6.5% · Moat spread +-2pp
Financial Snapshot
ticker: CNP step: 04 generated: 2026-05-13 source: quick-research
CenterPoint Energy Inc. (CNP) — Financial Snapshot
Income Statement Summary
| Metric | FY2022 | FY2023 | FY2024 | YoY |
|---|---|---|---|---|
| Revenue | $9.32B | $8.70B | $8.64B | -0.6% |
| Operating Margin | ~14% | ~15% | ~16% | +1pp |
| Net Income | ~$800M | ~$820M | ~$850M | +4% |
| EPS (adj. non-GAAP) | $1.38 | $1.50 | $1.62 | +8% |
FY2025 revenue projected ~$9.1B (+4.8%); FY2026+ accelerating on capex/load growth
Cash Flow & Balance Sheet (FY2024)
| Metric | Value |
|---|---|
| Operating Cash Flow | ~$1.6B |
| Free Cash Flow | ~-$2.4B (heavy infrastructure capex) |
| Capital Expenditures | ~$4B (grid hardening, T&D expansion) |
| Cash & Equivalents | ~$500M |
| Total Debt | ~$22B |
Note: Negative FCF is typical for large-capex utility growth; earnings and dividend are the primary return metrics.
Key Ratios (approximate)
- P/E: ~26.9x (adj.) | EV/EBITDA: ~14x | Dividend Yield: ~2.1%
- Revenue Growth (FY2024): -0.6% (weather-driven) | Regulated ROE: ~9–10%
Growth Profile
CNP targets 8% annual non-GAAP EPS growth through 2030, driven by a $47B+ capital investment plan focused on grid reliability, T&D expansion, and Houston-area load growth (data centers, industrial). The company raised its long-term capex plan by $1B in 2024 following Hurricane Beryl damage and accelerating data center demand. Q1 2026 showed strong C&I load growth of 8% YoY (weather-adjusted). Long-term targets: ~$11.1B revenue and ~$1.6B earnings by 2029.
Forward Estimates
- FY2025 adj. EPS: ~$1.74–1.76 (+8% growth target)
- FY2026 adj. EPS: ~$1.88–1.92 (+8%)
- Long-term EPS CAGR: 8% through 2030
- Analyst avg. price target: ~$37–46 (wide range; consensus ~$40)
Deeper Financial Analysis
The fundamental tier adds 9 additional research dimensions for $CNP.
Revenue Breakdown
Segment revenue, geographic mix, product-line contribution margins, and cohort dynamics.
Financial Trends
Quarter-over-quarter momentum, leading indicators, and inflection point analysis.
Balance Sheet
Debt structure, liquidity runway, dilution risk, and working capital dynamics.
Capital Allocation
Buyback cadence, M&A appetite, dividend policy, and reinvestment priorities.
Returns on Capital (ROIC)
Multi-year ROIC vs. WACC, marginal returns on reinvestment, sales-to-invested-capital efficiency, and moat spread.
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