CENTERPOINT ENERGY INC

Listed Company

CNPCIK 0001130310NYSELarge AcceleratedElectric ServicesTexasFY ends Dec 31

Period

FY 2025

Revenue

$9.36B

Net Income

$1.05B

Total Assets

$46.53B

Equity

$11.15B

Shares Out

654.17M

Op. Cash Flow

$2.49B

Business

CENTERPOINT ENERGY INC is a public utility holding company that owns and operates electric transmission, distribution and generation facilities and regulated natural gas distribution systems through its consolidated subsidiaries. It provides electric delivery services, transmission and distribution operations, temporary leased generation (TEEEF), natural gas sales, transportation, storage and related customer services. Its reportable segments are Electric, Natural Gas and Corporate and Other, with key subsidiaries including Houston Electric, CERC and SIGECO. CenterPoint Energy serves customers through ERCOT and MISO markets, certified retail electric providers, interstate and intrastate pipelines, municipal franchises and regional utility tariffs across Texas, Indiana, Minnesota, Louisiana, Mississippi, Ohio and surrounding areas.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Utility revenues	9,301	8,589	8,524	9,018	8,042
Non-utility revenues	56	54	172	303	310
Total	9,357	8,643	8,696	9,321	8,352
Utility natural gas, fuel and purchased power	2,113	1,715	2,061	2,887	2,127
Non-utility cost of revenues, including natural gas	4	3	99	204	208
Operation and maintenance	3,024	2,949	2,850	2,833	2,810
Depreciation and amortization	1,530	1,439	1,401	1,288	1,316
Taxes other than income taxes	576	547	525	543	528
Total	7,247	6,653	6,936	7,755	6,989
Operating Income	2,110	1,990	1,760	1,566	1,363
Loss on sale	−49	0	−13	303	8
Gain (loss) on equity securities	−51	20	31	−227	−172
Gain (loss) on indexed debt securities	55	−14	−27	325	50
Interest expense and other finance charges	−882	−818	−684	−511	−508
Interest expense on Securitization Bonds	−21	−20	−17	−13	−21
Other income, net	85	56	37	−26	58
Total	−863	−776	−673	−149	−585
Income Before Income Taxes	1,247	1,214	1,087	1,417	778
Income tax expense	195	195	170	360	110
Net Income	1,052	1,019	917	1,057	1,486
Income allocated to preferred shareholders	0	0	50	49	95
Income Available to Common Shareholders	1,052	1,019	867	1,008	1,391
Basic Earnings Per Common Share (in dollars per share)	1.61	1.58	1.37	1.6	2.35
Diluted Earnings Per Common Share (in dollars per share)	1.6	1.58	1.37	1.59	2.28
Weighted Average Common Shares Outstanding, Basic (in shares)	653	643	631	629	593
Weighted Average Common Shares Outstanding, Diluted (in shares)	656	644	633	632	610

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	38	24	90	74	230
Investment in equity securities	510	561	541	510	1,439
Accounts receivable, less allowance for credit losses	806	717	710	889	690
Accrued unbilled revenue, less allowance for credit losses	600	521	516	764	513
Materials and supplies	517	541	573	635	422
Natural gas and coal inventory	215	173	197	241	186
Taxes receivable	36	121	94	20	1
Current assets held for sale	2,669	1,361	0	0	2,338
Regulatory assets	170	239	161	1,385	1,395
Prepaid expenses and other current assets	140	123	145	171	132
Total current assets	5,701	4,381	3,027	4,699	7,355
Property, plant and equipment	44,676	42,667	40,396	37,728	—
Less: accumulated depreciation and amortization	10,620	10,578	10,543	10,585	—
Property, plant and equipment, net	34,056	32,089	29,853	27,143	23,484
Goodwill	3,550	3,943	4,160	4,294	4,294
Total Non-Current Regulatory Assets	3,005	3,108	2,513	2,193	2,321
Other non-current assets	222	247	162	215	220
Total other assets	6,777	7,298	—	—	—
Total Assets	46,534	43,768	39,715	38,546	37,679
Short-term borrowings	500	500	4	511	7
Current portion of VIE Securitization Bonds long-term debt	41	13	178	156	220
Indexed debt, net	0	2	5	7	10
Current portion of other long-term debt	1,873	51	872	1,346	308
Indexed debt securities derivative	564	619	605	578	903
Accounts payable	1,300	1,320	917	1,352	1,196
Taxes accrued	344	329	291	298	378
Interest accrued	313	274	236	159	136
Dividends accrued	150	143	126	144	131
Customer deposits ($2 and $0 related to VIEs, respectively)	89	93	111	110	111
Current liabilities held for sale	520	176	0	0	562
Other current liabilities	566	525	519	452	323
Total current liabilities	6,260	4,045	3,864	5,113	4,287
Deferred income taxes, net	4,602	4,389	4,079	3,986	3,904
Benefit obligations	491	550	572	547	511
Regulatory liabilities	2,692	2,999	3,208	3,245	3,153
Other non-current liabilities	770	722	766	774	836
Total other liabilities	8,555	8,660	8,625	8,552	8,416
VIE Securitization Bonds, net	664	308	320	161	317
Other long-term debt, net	19,902	20,089	17,239	14,675	15,241
Total long-term debt, net	20,566	20,397	17,559	14,836	15,558
Commitments and Contingencies (Note 14)	—	—	—	—	—
Common stock	6	6	6	6	6
Additional paid-in capital	9,130	9,105	8,604	8,568	8,529
Retained earnings	2,043	1,572	1,092	709	154
Accumulated other comprehensive loss	−26	−17	−35	−31	−64
Total shareholders equity	11,153	10,666	9,667	10,042	9,415
Total Liabilities and Shareholders Equity	46,534	43,768	39,715	38,546	37,679

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income taxes	122	221	31	20	213
Loss on sale	49	0	13	303	—
Loss (gain) on indexed debt securities	−55	14	27	−325	−50
Pension and postretirement contributions	−130	−30	−32	—	—
Accounts receivable and unbilled revenues, net	−253	−84	423	−461	−98
Inventory	−17	42	167	−259	−140
Accounts payable	−15	210	−302	203	175
Other current assets	146	−118	1,183	—	—
Other current liabilities	64	106	57	—	—
Other non-current assets	−131	−642	−62	—	—
Other non-current liabilities	157	−32	25	—	—
Other operating activities, net	−84	14	60	79	85
Net cash provided by operating activities	2,486	2,139	3,877	1,810	22
Capital expenditures	−4,870	−4,513	−4,401	—	—
Payment for asset acquisition	−357	0	0	—	—
Proceeds from divestitures	1,219	0	144	2,075	22
Other investing activities, net	−8	24	24	14	15
Net cash provided by (used in) investing activities	−4,016	−4,489	−4,233	−1,628	−1,851
Decrease in short-term borrowings, net	−3	−4	−10	452	−27
Payments of commercial paper, net	−2	−539	−1,055	−74	1,132
Proceeds from long-term debt and term loans, net	3,714	3,955	6,044	2,089	4,493
Payments of long-term debt and term loans, including make-whole premiums	−1,579	−1,050	−3,190	−1,795	−2,968
Payment of debt issuance costs	−46	−35	−55	−36	—
Payment of dividends on Common Stock	−574	−522	−485	−440	−385
Payment of dividends on Preferred Stock	0	0	−50	−49	−107
Proceeds from issuance of Common Stock, net	0	494	0	0	0
Redemption of Series A Preferred Stock	0	0	−800	0	0
Other financing activities, net	39	−28	−25	−7	−5
Net cash provided by financing activities	1,549	2,271	374	−345	1,916
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	19	−79	18	−163	87

Filings

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