CENTERPOINT ENERGY HOUSTON ELECTRIC LLC

For the period ended Sep 30, 2026. Filed Oct 27, 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.

Sep 30, 2026 · Filed Oct 27, 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 September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
(in millions, except per share amounts)
Revenues:
Utility revenues	$2,177	$1,975	$7,274	$6,810
Non-utility revenues	14	13	44	42
Total	2,191	1,988	7,318	6,852
Expenses:
Utility natural gas, fuel and purchased power	187	219	1,438	1,525
Non-utility cost of revenues, including natural gas	1	1	2	4
Operation and maintenance	747	741	2,255	2,203
Depreciation and amortization	444	392	1,312	1,125
Taxes other than income taxes	145	133	452	427
Total	1,524	1,486	5,459	5,284
Operating Income	667	502	1,859	1,568
Other Income (Expense):
Loss on sale	—	—	—	(43)
Gain (loss) on equity securities, net	21	(104)	(85)	18
Gain (loss) on indexed debt securities	(24)	105	80	(16)
Interest expense and other finance charges	(259)	(238)	(764)	(663)
Interest expense on Securitization Bonds	(22)	(5)	(57)	(13)
Other income, net	30	26	86	66
Total	(254)	(216)	(740)	(651)
Income Before Income Taxes	413	286	1,119	917
Income tax expense (benefit)	82	(7)	228	129
Net Income	$331	$293	$891	$788
Basic Earnings Per Common Share	$0.50	$0.45	$1.36	$1.21
Diluted Earnings Per Common Share	$0.50	$0.45	$1.34	$1.20
Weighted Average Common Shares Outstanding, Basic	661	653	657	653
Weighted Average Common Shares Outstanding, Diluted	664	656	663	655

CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
(in millions)
Net income	$331	$293	$891	$788
Other comprehensive income (loss):
Adjustment to pension and other postretirement plans (net of tax expense of $0, $0, $0, and $0 respectively)	1	(2)	2	(1)
Reclassification of deferred gain from cash flow hedges realized in net income (net of tax benefit of $0, $0, $0 and $0)	(1)	—	(1)	(1)
Total	—	(2)	1	(2)
Comprehensive income	$331	$291	$892	$786

	September 30, 2026	December 31, 2025
(in millions)
ASSETS
Current Assets:
Cash and cash equivalents ($128 and $34 related to VIEs, respectively)	$132	$38
Investment in equity securities	425	510
Accounts receivable ($31 and $6 related to VIEs, respectively), less allowance for credit losses of $25 and $25, respectively	850	806
Accrued unbilled revenues ($13 and $4 related to VIEs, respectively), less allowance for credit losses of $1 and $2, respectively	403	600
Materials and supplies	646	517
Natural gas and coal inventory	232	215
Taxes receivable	—	36
Current assets held for sale	2,639	2,669
Regulatory assets	234	170
Prepaid expenses and other current assets ($18 and $6 related to VIEs, respectively)	104	140
Total current assets	5,665	5,701
Property, Plant and Equipment, Net:
Property, plant and equipment	47,619	44,676
Less: accumulated depreciation and amortization	11,199	10,620
Property, plant and equipment, net	36,420	34,056
Other Assets:
Goodwill	3,550	3,550
Regulatory assets ($1,739 and $683 related to VIEs, respectively)	3,557	3,005
Other non-current assets	283	222
Total other assets	7,390	6,777
Total Assets	$49,475	$46,534

CONDENSED CONSOLIDATED BALANCE SHEETS – (continued)

	September 30, 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	120	41
Current portion of other long-term debt	1,106	1,873
Indexed debt securities derivative	468	564
Accounts payable	1,208	1,300
Taxes accrued	308	344
Interest accrued ($43 and $7 related to VIEs, respectively)	333	313
Dividends accrued	159	150
Customer deposits ($8 and $2 related to VIEs, respectively)	94	89
Current liabilities held for sale	423	520
Contributions in aid of construction	416	162
Other current liabilities ($0 and $15 related to VIEs, respectively)	294	404
Total current liabilities	4,929	6,260
Other Liabilities:
Deferred income taxes, net	4,926	4,602
Benefit obligations	452	491
Regulatory liabilities	2,709	2,692
Other non-current liabilities	1,040	770
Total other liabilities	9,127	8,555
Long-term Debt, Net:
VIE Securitization Bonds, net	1,747	664
Other long-term debt, net	21,930	19,902
Total long-term debt, net	23,677	20,566
Commitments and Contingencies (Note 11)
Shareholders’ Equity:
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 662,870,212 shares and 652,869,575 shares outstanding, respectively	6	6
Additional paid-in capital	9,297	9,130
Retained earnings	2,464	2,043
Accumulated other comprehensive loss	(25)	(26)
Total shareholders’ equity	11,742	11,153
Total Liabilities and Shareholders’ Equity	$49,475	$46,534

	Nine Months Ended September 30,
	2026	2025
(in millions)
Cash Flows from Operating Activities:
Net income	$891	$788
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,312	1,125
Deferred income taxes	269	84
Loss on sale	—	43
(Gain) loss on equity securities	85	(18)
(Gain) loss on indexed debt securities	(80)	16
Pension and postretirement contributions	(71)	(111)
Changes in other assets and liabilities:
Accounts receivable and unbilled revenues, net	200	23
Inventory	(139)	(64)
Accounts payable	(206)	(271)
Other current assets	7	165
Other current liabilities	(148)	(154)
Other non-current assets	(151)	12
Other non-current liabilities	94	128
Other operating activities, net	(12)	(54)
Net cash provided by operating activities	2,051	1,712
Cash Flows from Investing Activities:
Capital expenditures	(4,170)	(3,389)
Payment for asset acquisition	—	(357)
Proceeds from divestitures	—	1,219
Contributions in aid of construction	427	—
Other investing activities, net	12	(75)
Net cash used in investing activities	(3,731)	(2,602)
Cash Flows from Financing Activities:
Decrease in short-term borrowings, net	—	(3)
Proceeds from (payments of) commercial paper, net	94	(405)
Proceeds from long-term debt and term loans, net	4,841	2,852
Payments of long-term debt and term loans, including make-whole premiums	(2,988)	(1,073)
Payment of debt issuance costs	(40)	(17)
Payment of dividends on Common Stock	(461)	(431)
Proceeds from issuances of Common Stock, net	165	—
Proceeds from customer advances for construction	339	—
Refunds of customer advances for construction	(135)	—
Other financing activities, net	(30)	(18)
Net cash provided by financing activities	1,785	905
Net Increase in Cash, Cash Equivalents and Restricted Cash	105	15
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	49	30
Cash, Cash Equivalents and Restricted Cash at End of Period	$154	$45
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of capitalized interest	$803	$763
Refunds received for income taxes, net	(90)	(15)
Supplemental Disclosure of Non-cash Transactions
Accounts payable related to capital expenditures	$407	$315

Three Months Ended September 30, · Nine Months Ended September 30,
2026 · 2025 · 2026 · 2025
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	659		$6	653		$6	653	$6		652	$6
Issuances of Common Stock	4		—	—		—	9	—		—	—
Issuances related to benefit and investment plans	—		—	—		—	1	—		1	—
Balance, end of period	663		6	653		6	663	6		653	6
Additional Paid-in-Capital
Balance, beginning of period		9,288			9,107		9,130		9,105
Issuances of Common Stock, net of issuance costs		—			—		165		—
Issuances related to benefit and investment plans		9			12		2		14
Balance, end of period		9,297			9,119		9,297		9,119
Retained Earnings
Balance, beginning of period		2,451			1,923		2,043		1,572
Net income		331			293		891		788
Common Stock dividends declared (see Note 15)		(318)			(287)		(470)		(431)
Balance, end of period		2,464			1,929		2,464		1,929
Accumulated Other Comprehensive Loss
Balance, beginning of period		(25)			(17)		(26)		(17)
Other comprehensive income		—			(2)		1		(2)
Balance, end of period		(25)			(19)		(25)		(19)
Total Shareholders’ Equity		$11,742			$11,035		$11,742		$11,035

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