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CENTERPOINT ENERGY INC

For the period ended Sep 30, 2024. Filed Oct 28, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Oct 28, 2024

CNP$40.66+1.7%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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(15) Reportable Segments

The Registrants’ determination of reportable segments considers the strategic operating units under which the CODM manages sales, allocates resources and assesses performance of various products and services to wholesale or retail customers in differing regulatory environments. Each Registrant’s CODM views net income as the measure of profit or loss for the reportable segments.

As of September 30, 2024, reportable segments by Registrant were as follows:

CenterPoint Energy’s Electric reportable segment consists of electric transmission and distribution services in the Texas gulf coast area in the ERCOT region and electric transmission and distribution services primarily to southwestern Indiana and includes power generation and wholesale power operations in the MISO region.

CenterPoint Energy’s Natural Gas reportable segment consists of (i) intrastate natural gas sales to, and natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas; and (ii) permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through CEIP.

CenterPoint Energy’s Corporate and Other category consists of energy performance contracting and sustainable infrastructure services through Energy Systems Group through June 30, 2023, the date of the sale of Energy Systems

Group, and corporate operations which support all of the business operations of CenterPoint Energy. CenterPoint Energy’s Corporate and Other also includes office buildings and other real estate used for business operations.

Houston Electric’s single reportable segment consists of electric transmission services to transmission service customers in the ERCOT region and distribution services to REPs serving the Texas gulf coast area that includes the city of Houston.

CERC

CERC’s single reportable segment following the Restructuring consisted of (i) intrastate natural gas sales to, and natural gas transportation and distribution for, residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas; and (ii) permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through CEIP.

The following table provides financial data for CenterPoint Energy’s reportable segments. Each of Houston Electric and CERC consist of a single reportable segment; therefore, a tabular reportable segment presentation has not been included for Houston Electric or CERC.

Three Months Ended September 30,
20242023
Revenues fromExternalCustomersNet Income (Loss)Revenues fromExternalCustomersNet Income (Loss)
(in millions)
Electric$1,243$226$1,261$290
Natural Gas6113059727
Corporate and Other2(63)2(35)
Consolidated$1,856$193$1,860$282
Nine Months Ended September 30,
20242023
Revenues fromExternalCustomersNet Income (Loss)Revenues fromExternalCustomersNet Income (Loss)
(in millions)
Electric$3,499$562$3,250$593
Natural Gas2,8763603,136296
Corporate and Other6(151)128(164)
Consolidated$6,381$771$6,514$725
Total Assets
September 30, 2024December 31, 2023
(in millions)
Electric$23,458$21,089
Natural Gas17,96617,429
Corporate and Other, net of eliminations (1)1,4691,197
Consolidated$42,893$39,715

(1)Total assets included pension and other postemployment-related regulatory assets of $368 million and $385 million as of September 30, 2024 and December 31, 2023, respectively.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.