The company reported net consolidated income at $244 million for the second quarter of 2026 — or 25.8 percent more than the $194 million the company recorded during the same period in 2025.
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CenterPoint has submitted more than 17 gigawatts of large-load projects to ERCOT through the grid operator’s new “Batch” interconnection process and expects that 14 GW of those projects are on track for development.
If completed, these new projects would increase CenterPoint’s current Houston-area peak system demand of 21 GW by 66 percent. CenterPoint also anticipates 50-percent load growth overall by the end of 2029.
Those company financial details and others were revealed by the Houston-based utility during a second-quarter earnings call July 28 with investment analysts. Company officials said quarterly revenue is up again and predicted that surging large-capacity load growth will continue feeding its income and expenditures for years to come.
More specifically, the company reported net consolidated income at $244 million for the second quarter of 2026 — or 25.8 percent more than the $194 million the company recorded during the same period in 2025.
CenterPoint likewise announced plans to spend an additional $1.2 billion on capital projects over the next decade. The new spending takes the company’s projected long-term capital spending plans from $65.5 billion to $66.7 billion.
Company officials cited the need for system upgrades to support new large-capacity loads like data centers for much of that spending. The company also cited spending on the Downtown Houston Revitalization Project. Officials said even more spending could be announced in future earnings calls.
Spending and Load Growth
CenterPoint officials said that most of the estimated capital spending will be on behalf of the company’s Houston Electric division, and that spending should reach an estimated $4.2 billion this year. For its Texas Gas holdings, estimated spending in 2026 will reach about $400 million, according to CenterPoint.
The company claims this new electric load growth should lead to residential and commercial savings from what customers in those segments otherwise would have paid for transmission and distribution services. This is because CenterPoint anticipates receiving additional revenues from large-load demand charges, and these revenues should offset pressure on residential and commercial distribution charges, according to the company.
You can find the company’s latest quarterly financial report here. You can read more about the “Batch” process here.