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Midas Edge

CENTERPOINT ENERGY HOUSTON ELECTRIC LLC

For the period ended Jun 30, 2025. Filed Jul 24, 2025.

View on SEC.gov

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.

Jun 30, 2025 · Filed Jul 24, 2025

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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Contents

CenterPoint Energy, Inc. and Subsidiaries Financial Statements

Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(in millions, except per share amounts)
Revenues:
Utility revenues$1,929$1,892$4,835$4,499
Non-utility revenues15132926
Total1,9441,9054,8644,525
Expenses:
Utility natural gas, fuel and purchased power3002331,3061,020
Non-utility cost of revenues, including natural gas2—31
Operation and maintenance7156781,4621,387
Depreciation and amortization370386733749
Taxes other than income taxes140141294285
Total1,5271,4383,7983,442
Operating Income4174671,0661,083
Other Income (Expense):
Loss on sale——(43)—
Gain (loss) on equity securities4319122(64)
Gain (loss) on indexed debt securities(42)(18)(121)67
Interest expense and other finance charges(191)(212)(425)(410)
Interest expense on Securitization Bonds(4)(5)(8)(11)
Other income, net30104024
Total(164)(206)(435)(394)
Income Before Income Taxes253261631689
Income tax expense5533136111
Net Income$198$228$495$578
Basic Earnings Per Common Share$0.30$0.36$0.76$0.91
Diluted Earnings Per Common Share$0.30$0.36$0.76$0.91
Weighted Average Common Shares Outstanding, Basic653641652636
Weighted Average Common Shares Outstanding, Diluted654642654638

CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME

Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(in millions)
Net income$198$228$495$578
Other comprehensive income (loss):
Adjustment to pension and other postretirement plans (net of tax of $-0-, $-0-, $-0- and $-0-)1211
Net deferred gain from cash flow hedges (net of tax of $-0-, $1, $-0- and $1)—1—4
Reclassification of deferred gain from cash flow hedges realized in net income (net of tax of $-0-, $-0-, $-0- and $-0-)(1)—(1)—
Total—3—5
Comprehensive income$198$231$495$583
June 30, 2025December 31, 2024
(in millions)
ASSETS
Current Assets:
Cash and cash equivalents ($22 and $21 related to VIEs, respectively)$93$24
Investment in equity securities683561
Accounts receivable ($1 and $2 related to VIEs, respectively), less allowance for credit losses of $28 and $28, respectively798717
Accrued unbilled revenues ($2 and $2 related to VIEs, respectively), less allowance for credit losses of $1 and $2, respectively342521
Natural gas and coal inventory140173
Materials and supplies554541
Taxes receivable51121
Current assets held for sale—1,361
Regulatory assets167239
Prepaid expenses and other current assets ($2 and $2 related to VIEs, respectively)102123
Total current assets2,9304,381
Property, Plant and Equipment, Net:
Property, plant and equipment44,69142,667
Less: accumulated depreciation and amortization10,79010,578
Property, plant and equipment, net33,90132,089
Other Assets:
Goodwill3,9433,943
Regulatory assets ($305 and $313 related to VIEs, respectively)3,0883,108
Other non-current assets237247
Total other assets7,2687,298
Total Assets$44,099$43,768

CONDENSED CONSOLIDATED BALANCE SHEETS – (continued)

June 30, 2025December 31, 2024
(in millions, except par value and shares)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Short-term borrowings$500$500
Current portion of VIE Securitization Bonds long-term debt1313
Indexed debt, net12
Current portion of other long-term debt54051
Indexed debt securities derivative740619
Accounts payable9031,320
Taxes accrued217329
Interest accrued277274
Dividends accrued—143
Customer deposits9593
Current liabilities held for sale—176
Other current liabilities409525
Total current liabilities3,6954,045
Other Liabilities:
Deferred income taxes, net4,5184,389
Benefit obligations477550
Regulatory liabilities2,9832,999
Other non-current liabilities843722
Total other liabilities8,8218,660
Long-term Debt, Net:
VIE Securitization Bonds, net301308
Other long-term debt, net20,26320,089
Total long-term debt, net20,56420,397
Commitments and Contingencies (Note 11)
Shareholders’ Equity:
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 652,814,271 shares and 651,727,276 shares outstanding, respectively66
Additional paid-in capital9,1079,105
Retained earnings1,9231,572
Accumulated other comprehensive loss(17)(17)
Total shareholders’ equity11,01910,666
Total Liabilities and Shareholders’ Equity$44,099$43,768
Six Months Ended June 30,
20252024
(in millions)
Cash Flows from Operating Activities:
Net income$495$578
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization733749
Deferred income taxes74200
Loss on sale43—
Loss (gain) on equity securities(122)64
Loss (gain) on indexed debt securities121(67)
Pension contributions(87)(3)
Changes in other assets and liabilities:
Accounts receivable and unbilled revenues, net214188
Inventory2452
Taxes receivable70(92)
Accounts payable(330)(83)
Current regulatory assets and liabilities72(82)
Other current assets and liabilities(275)(93)
Non-current regulatory assets and liabilities(106)(284)
Other non-current assets and liabilities9921
Other operating activities, net(55)(34)
Net cash provided by operating activities9701,114
Cash Flows from Investing Activities:
Capital expenditures(2,167)(1,657)
Payment for asset acquisition(357)—
Proceeds from divestiture1,219—
Other investing activities, net(36)57
Net cash used in investing activities(1,341)(1,600)
Cash Flows from Financing Activities:
Decrease in short-term borrowings, net(3)(4)
Proceeds from (payment of) commercial paper, net1,056(623)
Proceeds from long-term debt and term loans, net7351,596
Payments of long-term debt and term loans, including make-whole premiums(1,030)(463)
Payment of debt issuance costs(12)(12)
Payment of dividends on Common Stock(287)(254)
Proceeds from issuance of Common Stock, net—247
Other financing activities, net(19)(28)
Net cash provided by financing activities440459
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash69(27)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period30109
Cash, Cash Equivalents and Restricted Cash at End of Period$99$82
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of capitalized interest$487$404
Refunds received for income taxes, net(5)(4)
Supplemental Disclosure of Non-cash Transactions
Accounts payable related to capital expenditures$309$517
ROU assets obtained in exchange for lease liabilities—5
Three Months Ended June 30, · Six Months Ended June 30,
2025 · 2024 · 2025 · 2024
Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount
(in millions of dollars and shares, except authorized shares and par value)
Common Stock, $0.01 par value; authorized 1,000,000,000 shares
Balance, beginning of period652$6633$6652$6631$6
Issuances of Common Stock——9———9—
Issuances related to benefit and investment plans1———1—2—
Balance, end of period6536642665366426
Additional Paid-in-Capital
Balance, beginning of period9,0978,5839,1058,604
Issuances of Common Stock, net of issuance costs—244—247
Issuances related to benefit and investment plans1092(15)
Balance, end of period9,1078,8369,1078,836
Retained Earnings
Balance, beginning of period1,8691,4421,5721,092
Net income198228495578
Common Stock dividends declared (see Note 15)(144)(128)(144)(128)
Balance, end of period1,9231,5421,9231,542
Accumulated Other Comprehensive Loss
Balance, beginning of period(17)(33)(17)(35)
Other comprehensive income (loss)—3—5
Balance, end of period(17)(30)(17)(30)
Total Shareholders’ Equity$11,019$10,354$11,019$10,354
ContentsView on SEC.gov

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