CENTERPOINT ENERGY INC

For the period ended Sep 30, 2025. Filed Oct 23, 2025.

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, 2025 · Filed Oct 23, 2025

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

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Contents

CenterPoint Energy, Inc. and Subsidiaries Financial Statements

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
(in millions, except per share amounts)
Revenues:
Utility revenues	$1,975	$1,842	$6,810	$6,341
Non-utility revenues	13	14	42	40
Total	1,988	1,856	6,852	6,381
Expenses:
Utility natural gas, fuel and purchased power	219	197	1,525	1,217
Non-utility cost of revenues, including natural gas	1	1	4	2
Operation and maintenance	741	775	2,203	2,162
Depreciation and amortization	392	334	1,125	1,083
Taxes other than income taxes	133	125	427	410
Total	1,486	1,432	5,284	4,874
Operating Income	502	424	1,568	1,507
Other Income (Expense):
Loss on sale	—	—	(43)	—
Gain (loss) on equity securities	(104)	54	18	(10)
Gain (loss) on indexed debt securities	105	(53)	(16)	14
Interest expense and other finance charges	(238)	(191)	(663)	(601)
Interest expense on Securitization Bonds	(5)	(4)	(13)	(15)
Other income, net	26	15	66	39
Total	(216)	(179)	(651)	(573)
Income Before Income Taxes	286	245	917	934
Income tax expense (benefit)	(7)	52	129	163
Net Income	$293	$193	$788	$771
Basic Earnings Per Common Share	$0.45	$0.30	$1.21	$1.20
Diluted Earnings Per Common Share	$0.45	$0.30	$1.20	$1.20
Weighted Average Common Shares Outstanding, Basic	653	648	653	640
Weighted Average Common Shares Outstanding, Diluted	656	648	655	641

CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
(in millions)
Net income	$293	$193	$788	$771
Other comprehensive income (loss):
Adjustment to pension and other postretirement plans (net of tax of $-0-, $-0-, $-0- and $-0-)	(2)	1	(1)	2
Net deferred gain from cash flow hedges (net of tax of $-0-, $-0-, $-0- and $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)	(1)
Total	(2)	—	(2)	5
Comprehensive income	$291	$193	$786	$776

	September 30, 2025	December 31, 2024
(in millions)
ASSETS
Current Assets:
Cash and cash equivalents ($31 and $21 related to VIEs, respectively)	$37	$24
Investment in equity securities	579	561
Accounts receivable ($2 and $2 related to VIEs, respectively), less allowance for credit losses of $22 and $28, respectively	787	717
Accrued unbilled revenues ($4 and $2 related to VIEs, respectively), less allowance for credit losses of $1 and $2, respectively	448	521
Natural gas and coal inventory	233	173
Materials and supplies	549	541
Taxes receivable	59	121
Current assets held for sale	—	1,361
Regulatory assets	156	239
Prepaid expenses and other current assets ($4 and $2 related to VIEs, respectively)	101	123
Total current assets	2,949	4,381
Property, Plant and Equipment, Net:
Property, plant and equipment	45,578	42,667
Less: accumulated depreciation and amortization	11,031	10,578
Property, plant and equipment, net	34,547	32,089
Other Assets:
Goodwill	3,943	3,943
Regulatory assets ($695 and $313 related to VIEs, respectively)	3,371	3,108
Other non-current assets	239	247
Total other assets	7,553	7,298
Total Assets	$45,049	$43,768

CONDENSED CONSOLIDATED BALANCE SHEETS – (continued)

	September 30, 2025	December 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 debt	29	13
Indexed debt, net	1	2
Current portion of other long-term debt	2,373	51
Indexed debt securities derivative	635	619
Accounts payable	968	1,320
Taxes accrued	275	329
Interest accrued ($7 and $2 related to VIEs, respectively)	247	274
Dividends accrued	144	143
Customer deposits	95	93
Current liabilities held for sale	—	176
Other current liabilities ($15 and $-0- related to VIEs, respectively)	476	525
Total current liabilities	5,743	4,045
Other Liabilities:
Deferred income taxes, net	4,546	4,389
Benefit obligations	460	550
Regulatory liabilities	3,085	2,999
Other non-current liabilities	780	722
Total other liabilities	8,871	8,660
Long-term Debt, Net:
VIE Securitization Bonds, net	681	308
Other long-term debt, net	18,719	20,089
Total long-term debt, net	19,400	20,397
Commitments and Contingencies (Note 11)
Shareholders’ Equity:
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 652,865,523 shares and 651,727,276 shares outstanding, respectively	6	6
Additional paid-in capital	9,119	9,105
Retained earnings	1,929	1,572
Accumulated other comprehensive loss	(19)	(17)
Total shareholders’ equity	11,035	10,666
Total Liabilities and Shareholders’ Equity	$45,049	$43,768

	Nine Months Ended September 30,
	2025	2024
(in millions)
Cash Flows from Operating Activities:
Net income	$788	$771
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,125	1,083
Deferred income taxes	84	238
Loss on sale	43	—
Loss (gain) on equity securities	(18)	10
Loss (gain) on indexed debt securities	16	(14)
Pension and postretirement contributions	(111)	(5)
Changes in other assets and liabilities:
Accounts receivable and unbilled revenues, net	23	145
Inventory	(64)	19
Taxes receivable	62	(75)
Accounts payable	(271)	(247)
Current regulatory assets and liabilities	79	(91)
Other current assets and liabilities	(130)	(25)
Non-current regulatory assets and liabilities	21	(553)
Other non-current assets and liabilities	119	31
Other operating activities, net	(54)	(37)
Net cash provided by operating activities	1,712	1,250
Cash Flows from Investing Activities:
Capital expenditures	(3,389)	(2,501)
Payment for asset acquisition	(357)	—
Proceeds from divestiture	1,219	—
Other investing activities, net	(75)	(58)
Net cash used in investing activities	(2,602)	(2,559)
Cash Flows from Financing Activities:
Decrease in short-term borrowings, net	(3)	(2)
Payment of commercial paper, net	(405)	(520)
Proceeds from long-term debt and term loans, net	2,852	2,757
Payments of long-term debt and term loans, including make-whole premiums	(1,073)	(963)
Payment of debt issuance costs	(17)	(25)
Payment of dividends on Common Stock	(431)	(384)
Proceeds from issuance of Common Stock, net	—	494
Other financing activities, net	(18)	(28)
Net cash provided by financing activities	905	1,329
Net Increase in Cash, Cash Equivalents and Restricted Cash	15	20
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	30	109
Cash, Cash Equivalents and Restricted Cash at End of Period	$45	$129
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of capitalized interest	$763	$620
Refunds received for income taxes, net	(15)	(8)
Supplemental Disclosure of Non-cash Transactions
Accounts payable related to capital expenditures	$315	$1,133
ROU assets obtained in exchange for lease liabilities	—	5

Three Months Ended September 30, · Nine Months Ended September 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 period	653		$6	642		$6	652	$6		631	$6
Issuances of Common Stock	—		—	10		—	—	—		19	—
Issuances related to benefit and investment plans	—		—	—		—	1	—		2	—
Balance, end of period	653		6	652		6	653	6		652	6
Additional Paid-in-Capital
Balance, beginning of period		9,107			8,836		9,105		8,604
Issuances of Common Stock, net of issuance costs		—			247		—		494
Issuances related to benefit and investment plans		12			8		14		(7)
Balance, end of period		9,119			9,091		9,119		9,091
Retained Earnings
Balance, beginning of period		1,923			1,542		1,572		1,092
Net income		293			193		788		771
Common Stock dividends declared (see Note 15)		(287)			(267)		(431)		(395)
Balance, end of period		1,929			1,468		1,929		1,468
Accumulated Other Comprehensive Loss
Balance, beginning of period		(17)			(30)		(17)		(35)
Other comprehensive income (loss)		(2)			—		(2)		5
Balance, end of period		(19)			(30)		(19)		(30)
Total Shareholders’ Equity		$11,035			$10,535		$11,035		$10,535

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