Moody’s upgrades Centerpoint Energy Resources rating on stronger parent credit

Utility Dive roundup covers US climate grants, state VPP and microgrid bills, and utility earnings and projects. It notes a divided appeals court blocked EPA efforts to reclaim $20B Greenhouse Gas Reduction Fund grants. It also cites Southern Co’s 17 GW large-load contracts, Eversource’s Q2 income drop, and PJM’s capacity backstop plan amid data-center demand.

CenterPoint Energy said in its latest earnings report it raised its 10-year capital investment plan by $1.2 billion to $66.7 billion, citing growth in data center demand. The company linked the outlook to ERCOT’s Batch Zero process and projected 14GW of eligible load by 2031. It also reiterated plans to energize 8GW of Greater Houston data center load by 2029.

CenterPoint Energy (CNP) shares fell about 3% to $42.96 after Q2 results. The company reported Q2 revenue of $2,152m (up from $1,944m), net income of $244m (up from $198m), and net profit margin rising to 11.6% from 10.4%. It reiterated 2026 non-GAAP EPS guidance and reaffirmed a $66.7b 10-year capital plan, with investors weighing capex and regulatory risks.

CenterPoint Energy (CNP) rose 2.3% to an all-time high of $45.26 after reporting Q2 adjusted earnings that beat expectations, according to the company. It also raised its 10-year capital investment plan by $1.2B, citing higher power demand tied to data center growth in its Houston-area service territory.

CenterPoint Energy (CNP) shares hit an all-time high of $45.22. The article cites a $29.5B market cap, P/E 27.7, dividend yield 2.18%, and Q2 2026 results: adjusted EPS $0.40 vs $0.37 expected, revenue $2.11B vs $2.03B. It also notes reaffirmed full-year EPS guidance $1.89 to $1.91 and a higher 10-year capital plan to $66.7B.

CenterPoint Energy (CNP) reported Q2 2026 non-GAAP EPS of $0.40 and said it reaffirmed full-year guidance. The company also increased its capital plan by $1.2B to support major load growth in Houston and Indiana, projecting customer savings over the next decade without additional equity.