CENTERPOINT ENERGY HOUSTON ELECTRIC LLC
For the period ended Jun 30, 2025. Filed Jul 24, 2025.
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Jun 30, 2025 · Filed Jul 24, 2025
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(12) Earnings Per Share
(12)Earnings Per Share (CenterPoint Energy)
The methodology for calculating basic and diluted earnings per share was disclosed in our combined 2024 Form 10-K. Except as described below, there have been no material changes in those disclosures.
Until settlement of the equity forwards executed in April 2025 and May 2025 further described in Note 15, dilutive earnings per common share reflects the dilutive impact of potential issuances of shares of Common Stock associated with the outstanding equity forwards. The dilutive effect of equity forwards is determined under the treasury stock method. Share dilution occurs when the average market price of CenterPoint Energy’s Common Stock is higher than the forward sales price at the end of the reporting period. The calculation of dilutive earnings per share excluded 9,676 shares of Common Stock for the three months ended June 30, 2025 under forward sale agreements because their effect would have been antidilutive.
The following table reconciles numerators and denominators of CenterPoint Energy’s basic and diluted earnings per common share:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (in millions, except per share and share amounts) | ||||
| Numerator: | ||||
| Net income | $198 | $228 | $495 | $578 |
| Denominator: | ||||
| Weighted average common shares outstanding – basic | 652,783,000 | 640,754,000 | 652,474,000 | 636,491,000 |
| Restricted stock | 1,060,000 | 1,062,000 | 1,109,000 | 1,402,000 |
| Equity forwards | 201,000 | — | 100,000 | — |
| Weighted average common shares outstanding – diluted | 654,044,000 | 641,816,000 | 653,683,000 | 637,893,000 |
| Earnings Per Common Share: | ||||
| Basic | $0.30 | $0.36 | $0.76 | $0.91 |
| Diluted | $0.30 | $0.36 | $0.76 | $0.91 |
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