Strong Financial Performance: CenterPoint Energy reported non-GAAP EPS of $1.62 for full year 2024 and $0.40 for Q4 2024, showing an 8% growth from 2023. This marks the fourth consecutive year of meeting or exceeding EPS guidance, reinforcing the company's stable growth trajectory.
Growth Forecast and Capital Expenditure: The company reaffirmed its 2025 non-GAAP EPS guidance of $1.74 to $1.76, representing an 8% increase from 2024. Additionally, it updated its capital investment plan to $47.5 billion through 2030, driven by a substantial expected peak load increase of nearly 50% in the Greater Houston area by 2031, indicating numerous investment opportunities.
Regulatory Progress: CenterPoint reached settlements in several rate cases, including a $47 million annual revenue requirement decrease at Houston Electric, which will lower average electric delivery charges for residential customers while allowing for improvements in return on equity. This regulatory progress provides a more stable financial environment for future investments.