CenterPoint Energy, Inc. reported net income of $297 million, or $0.45 per diluted share on a GAAP basis, for the first quarter of 2025. Non-GAAP EPS for Q1 2025 was $0.53, compared to $0.55 for the comparable quarter of 2024.
The unfavorable GAAP EPS variance was primarily driven by a loss on sale related to the Louisiana and Mississippi gas local distribution company (LDC) divestiture. However, growth and regulatory recovery contributed $0.03 per share of favorability, and weather and usage were favorable, adding $0.05 per share.
These favorable drivers were partially offset by increased financing costs of $0.04 per share, increased operating and maintenance expense of $0.02 per share, and $0.02 per share of dilution from 2024 common equity issuances. The company reiterated its 2025 full-year financial guidance.
CenterPoint also announced an increase of $1 billion to its 10-year capital investment plan, reflecting robust economic growth in the Greater Houston region. Requests for new connections have grown by nearly 7GW, or 20%, since the end of January, strengthening conviction in the region's economic outlook.
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