CENTERPOINT ENERGY HOUSTON ELECTRIC LLC

For the period ended Mar 31, 2026. Filed Apr 23, 2026.

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.

Mar 31, 2026 · Filed Apr 23, 2026

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

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Contents

CenterPoint Energy, Inc. and Subsidiaries Financial Statements (Unaudited)

	Three Months Ended March 31,
	2026	2025
(in millions, except per share amounts)
Revenues:
Utility revenues	$2,960	$2,906
Non-utility revenues	15	14
Total	2,975	2,920
Expenses:
Utility natural gas, fuel and purchased power	970	1,006
Non-utility cost of revenues, including natural gas	1	1
Operation and maintenance	766	747
Depreciation and amortization	423	363
Taxes other than income taxes	157	154
Total	2,317	2,271
Operating Income	658	649
Other Income (Expense):
Loss on sale	—	(43)
Gain on equity securities	45	79
Loss on indexed debt securities	(44)	(79)
Interest expense and other finance charges	(265)	(234)
Interest expense on Securitization Bonds	(14)	(4)
Other income, net	29	10
Total	(249)	(271)
Income Before Income Taxes	409	378
Income tax expense	93	81
Net Income	$316	$297
Basic Earnings Per Common Share	$0.48	$0.45
Diluted Earnings Per Common Share	$0.48	$0.45
Weighted Average Common Shares Outstanding, Basic	653	652
Weighted Average Common Shares Outstanding, Diluted	659	653

	March 31, 2026	December 31, 2025
(in millions)
ASSETS
Current Assets:
Cash and cash equivalents ($54 and $34 related to VIEs, respectively)	$639	$38
Investment in equity securities	555	510
Accounts receivable ($14 and $6 related to VIEs, respectively), less allowance for credit losses of $29 and $25, respectively	872	806
Accrued unbilled revenues ($10 and $4 related to VIEs, respectively), less allowance for credit losses of $1 and $2, respectively	408	600
Materials and supplies	578	517
Natural gas and coal inventory	89	215
Taxes receivable	26	36
Current assets held for sale	2,631	2,669
Regulatory assets	264	170
Prepaid expenses and other current assets ($12 and $6 related to VIEs, respectively)	125	140
Total current assets	6,187	5,701
Property, Plant and Equipment, Net:
Property, plant and equipment	45,201	44,676
Less: accumulated depreciation and amortization	10,939	10,620
Property, plant and equipment, net	34,262	34,056
Other Assets:
Goodwill	3,550	3,550
Regulatory assets ($1,848 and $683 related to VIEs, respectively)	3,610	3,005
Other non-current assets	228	222
Total other assets	7,388	6,777
Total Assets	$47,837	$46,534

CONDENSED CONSOLIDATED BALANCE SHEETS – (continued)

	March 31, 2026	December 31, 2025
(in millions, except par value and shares)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Short-term borrowings	$—	$500
Current portion of VIE Securitization Bonds long-term debt	92	41
Current portion of other long-term debt	2,115	1,873
Indexed debt securities derivative	606	564
Accounts payable	1,023	1,300
Taxes accrued ($4 and $4 related to VIEs, respectively)	208	344
Interest accrued ($21 and $7 related to VIEs, respectively)	278	313
Dividends accrued	—	150
Customer deposits ($3 and $2 related to VIEs, respectively)	89	89
Current liabilities held for sale	471	520
Other current liabilities ($15 and $15 related to VIEs, respectively)	430	566
Total current liabilities	5,312	6,260
Other Liabilities:
Deferred income taxes, net ($4 and $6 related to VIEs, respectively)	4,692	4,602
Benefit obligations	477	491
Regulatory liabilities	2,650	2,692
Other non-current liabilities	781	770
Total other liabilities	8,600	8,555
Long-term Debt, Net:
VIE Securitization Bonds, net	1,797	664
Other long-term debt, net	20,679	19,902
Total long-term debt, net	22,476	20,566
Commitments and Contingencies (Note 11)
Shareholders’ Equity:
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 654,163,245 shares and 652,869,575 shares outstanding, respectively	6	6
Additional paid-in capital	9,110	9,130
Retained earnings	2,359	2,043
Accumulated other comprehensive loss	(26)	(26)
Total shareholders’ equity	11,449	11,153
Total Liabilities and Shareholders’ Equity	$47,837	$46,534

	Three Months Ended March 31,
2026 · 2025
(in millions)
Cash Flows from Operating Activities:
Net income	$316		$297
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	423		363
Deferred income taxes	78		45
Loss on sale	—		43
Gain on equity securities	(45)		(79)
Loss on indexed debt securities	44		79
Pension and postretirement contributions	(20)		(63)
Changes in other assets and liabilities:
Accounts receivable and unbilled revenues, net	193		(125)
Inventory	65		110
Accounts payable	(259)		(216)
Other current assets	(134)		124
Other current liabilities	(344)		(264)
Other non-current assets	(12)	80
Other non-current liabilities	(29)		15
Other operating activities, net	6		1
Net cash provided by operating activities	282		410
Cash Flows from Investing Activities:
Capital expenditures	(1,198)		(1,038)
Payment for asset acquisition	—		(357)
Proceeds from divestitures	—		1,219
Other investing activities, net	10		(58)
Net cash used in investing activities	(1,188)		(234)
Cash Flows from Financing Activities:
Decrease in short-term borrowings, net	—		(3)
Proceeds from (payments of) commercial paper, net	(979)		569
Proceeds from long-term debt and term loans, net	3,441		665
Payments of long-term debt and term loans, including make-whole premiums	(748)		(11)
Payment of debt issuance costs	(24)		(8)
Payment of dividends on Common Stock	(150)		(143)
Other financing activities, net	(27)		(16)
Net cash provided by financing activities	1,513		1,053
Net Increase in Cash, Cash Equivalents and Restricted Cash	607		1,229
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	49		30
Cash, Cash Equivalents and Restricted Cash at End of Period	$656		$1,259
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of capitalized interest	$309		$290
Refunds received for income taxes, net	—		(3)
Supplemental Disclosure of Non-cash Transactions
Accounts payable related to capital expenditures	$445		$334
ROU assets obtained in exchange for lease liabilities	—		35

	Three Months Ended March 31,
2026 · 2025
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	652		$6
Balance, end of period	653		6	652		6
Additional Paid-in-Capital
Balance, beginning of period		9,130			9,105
Issuances related to benefit and investment plans		(20)			(8)
Balance, end of period		9,110			9,097
Retained Earnings
Balance, beginning of period		2,043			1,572
Net income		316			297
Balance, end of period		2,359			1,869
Accumulated Other Comprehensive Loss
Balance, beginning of period		(26)			(17)
Balance, end of period		(26)			(17)
Total Shareholders’ Equity		$11,449			$10,955

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