CENTERPOINT ENERGY INC
For the period ended Mar 31, 2025. Filed Apr 24, 2025.
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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.
Mar 31, 2025 · Filed Apr 24, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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(1) Equity
(15)Equity
Dividends Declared and Paid (CenterPoint Energy)
CenterPoint Energy’s dividends declared and dividends paid are presented below:
| Dividends Declared Per Share · Dividends Paid Per Share | ||||
|---|---|---|---|---|
| Three Months Ended March 31, | Three Months Ended March 31, | |||
| 2025 | 2024 | 2025 | 2024 | |
| Common Stock | $— | $— | $0.220 | $0.200 |
Common Stock (CenterPoint Energy)
(a) Equity Distribution Agreement
On January 10, 2024, CenterPoint Energy entered into an Equity Distribution Agreement with certain financial institutions with respect to the offering and sale from time to time of shares of Common Stock, having an aggregate gross sales price of up to $500 million. Sales of Common Stock may be made by any method permitted by applicable law and deemed to be an “at the market offering” as defined in Rule 415 of the Securities Act of 1933, as amended. CenterPoint Energy has also entered into forward sales agreements pursuant to master forward confirmations. The offer and sale of Common Stock under the Equity Distribution Agreement will terminate upon the earliest of (1) the sale of all Common Stock subject to the Equity Distribution Agreement, (2) termination of the Equity Distribution Agreement, or (3) May 17, 2026.
As of March 31, 2025, CenterPoint Energy had $250 million of remaining capacity available under the at-the-market program, excluding any forward sales executed in April 2025. See Note 16 for additional details regarding forward sales under the Equity Distribution Agreement.
Accumulated Other Comprehensive Income (Loss) (CenterPoint Energy and CERC)
Changes in accumulated comprehensive income (loss) are as follows:
| Three Months Ended March 31, | ||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| CenterPoint Energy | CERC | CenterPoint Energy | CERC | |
| (in millions) | ||||
| Beginning Balance | $(17) | $17 | $(35) | $16 |
| Other comprehensive income (loss) before reclassifications: | ||||
| Remeasurement of pension and other postretirement plans | — | — | (2) | — |
| Net deferred gain from cash flow hedges | — | — | 3 | — |
| Amounts reclassified from accumulated other comprehensive income (loss): | ||||
| Actuarial losses (gain) (1) | — | — | 1 | (1) |
| Other comprehensive income (loss) | — | — | 2 | (1) |
| Ending Balance | $(17) | $17 | $(33) | $15 |
(1)Amounts are included in the computation of net periodic cost and are reflected in Other income, net in each of the Registrants’ respective Condensed Statements of Consolidated Income.
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