CenterPoint Energy Inc (CNP)

CenterPoint Energy reports strong Q1 2026 results; reiterates full-year 2026 guidance; provides an update on Houston Electric load growthApril 23, 2026 6:24 AM
Business Wire

Reports Q1 2026 earnings of $0.48 per diluted share on a GAAP basis and $0.56 per diluted share on a non-GAAP basis (“non-GAAP EPS”)




Reiterates its 2026 non-GAAP EPS guidance range of at least the midpoint of $1.89-$1.91, which, at the midpoint, would represent 8% growth over 2025 delivered results1




Announces 12.2 gigawatts of firmly committed industrial load at Houston Electric, expecting 8 gigawatts of data center load to be energized by 2029



CenterPoint Energy, Inc. (NYSE: CNP), or “CenterPoint,” today reported net income of $316 million, or $0.48 per diluted share, on a GAAP basis for the first quarter of 2026, compared to $0.45 per diluted share in the comparable period of 2025.


Non-GAAP EPS for the first quarter of 2026 was $0.56, compared to $0.53 per diluted share in the comparable period of 2025. These strong first-quarter results were primarily driven by growth and regulatory recovery, which contributed $0.11 per share of favorability compared to the first quarter of 2025. This favorability was partially offset by $0.02 per share of unfavorable weather and usage and $0.04 of unfavorability from increased interest expense. Additionally, $0.03 of unfavorable variance was primarily related to the divestiture of Louisiana and Mississippi natural gas LDC businesses, reflecting the completed sale in the first quarter of 2025.


CenterPoint announced more than 12 gigawatts of firmly committed industrial load and increased its data center load forecast, now expecting to energize 8 gigawatts of projects in the Greater Houston area by 2029, with 3.5 gigawatts already under construction.


“We are fortunate to be living in one of the most unique and exciting times in our industry’s history. Our teams are moving at pace to execute our customer-focused capital plans, deliver strong financial results, and facilitate real and tangible electric load growth for the benefit of all our customers. Our strong first quarter performance positions us well for the remainder of the year and delivering results at or above the midpoint of our 2026 earnings guidance range. We remain confident that we are making the right investments to produce safer, more reliable, and more resilient outcomes than ever before,” said Jason Wells, chair of the Board, president and CEO of CenterPoint.


“We understand the best way to deliver on affordability for our current customers is by bringing more connections onto our electric systems. With the incremental and accelerating growth we see in Greater Houston alone, we project to be able to deliver customer savings of approximately $4 billion over the next decade. Through our team’s disciplined execution and moving at the speed of business, we have made meaningful progress for numerous new customers to help them realize their large load connections. As a result, we now have clear line of sight to 12.2 gigawatts of firmly committed industrial load. Given all these trends, we continue to believe we have one of the most tangible and executable growth plans in the industry,” concluded Wells.



_____________



1 CenterPoint is unable to present a quantitative reconciliation of forward-looking non-GAAP diluted earnings per share without unreasonable effort because changes in the value of ZENS (as defined herein) and related securities, future impairments, and other unusual items are not estimable and are difficult to predict due to various factors outside of management’s control.







Earnings Outlook


In addition to presenting its financial results in accordance with GAAP, including presentation of net income or income available to common shareholders (loss) and diluted earnings (loss) per share, CenterPoint provides guidance based on non-GAAP income and non-GAAP diluted earnings per share. Generally, a non-GAAP financial measure is a numerical measure of a company’s historical or future financial performance that excludes or includes amounts that are not normally excluded or included in the most directly comparable GAAP financial measure.


Management evaluates CenterPoint’s financial performance in part based on non-GAAP income and non-GAAP diluted earnings per share. Management believes that presenting these non-GAAP financial measures enhances an investor’s understanding of CenterPoint’s overall financial performance by providing them with an additional meaningful and relevant comparison of current and anticipated future results across periods. The adjustments made in these non-GAAP financial measures exclude items that management believes do not most accurately reflect the company’s fundamental business performance. These excluded items are reflected in the reconciliation tables of this news release, where applicable. CenterPoint’s non-GAAP income and non-GAAP diluted earnings per share measures should be considered as a supplement to, and not as a substitute for, or superior to, net income and diluted earnings per share, which respectively are the most directly comparable GAAP financial measures. These non-GAAP financial measures also may be different than non-GAAP financial measures used by other companies.


2025 and 2026 non-GAAP EPS and 2026 non-GAAP EPS guidance range



2025 and 2026 non-GAAP EPS and 2026 non-GAAP EPS guidance excludes:


Earnings or losses from the change in value of CenterPoint’s 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029 (“ZENS”) and related securities;



Gains, losses and impacts, including related expenses, associated with mergers and divestitures, such as the divestiture of our Louisiana and Mississippi natural gas LDC businesses and the announced sale of our Ohio natural gas LDC business;



Impacts related to temporary emergency electric energy facilities “TEEEF” once they are no longer part of our rate-regulated business.






In providing 2025 and 2026 non-GAAP EPS and 2026 non-GAAP EPS guidance, CenterPoint does not consider the items noted above and other potential impacts such as changes in accounting standards, impairments, or other unusual items, which could have a material impact on GAAP reported results for the applicable guidance period. The 2026 non-GAAP EPS guidance range also considers assumptions for certain significant variables that may impact earnings, such as customer growth and usage including normal weather, throughput, recovery of capital invested, effective tax rates, financing activities and related interest rates, and regulatory and judicial proceedings. To the extent actual results deviate from these assumptions, the 2026 non-GAAP EPS guidance range may not be met, or the projected annual non-GAAP EPS growth rate may change. CenterPoint is unable to present a quantitative reconciliation of forward-looking non-GAAP diluted earnings per share without unreasonable effort because changes in the value of ZENS and related securities, future impairments, and other unusual items are not estimable and are difficult to predict due to various factors outside of management’s control.


Reconciliation of consolidated net income and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share




 






Three Months Ended




March 31, 2026








Dollars in

millions






Diluted




EPS(1)








Consolidated net income and diluted EPS on a GAAP basis






$316






$0.48








 






 






 








ZENS-related mark-to-market (gains) losses:






 






 








Equity securities (net of tax expense of $10)(2)(3)






(36)






(0.05)








Indexed debt securities (net of tax benefit of $9)(2)






35






0.05








 






 






 








Impacts associated with mergers and divestitures (net of tax expense of $15)(2)(4)






34






0.05








 






 






 








Impacts associated with TEEEF Units removed from Rate Base (net of tax benefit of $5)(5)






19






0.03








 






 






 








Consolidated income and diluted EPS on a non-GAAP basis(6)






$368






$0.56









1)






Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS








2)






Taxes are computed based on the impact removing such item would have on tax expense. Taxes related to the Ohio natural gas LDC business sale are booked proportionately by applying the projected annual effective tax rate percentage to income earned each quarter in accordance with GAAP








3)






Comprised of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc.








4)






Includes $13 million loss on early debt extinguishment associated with the planned divestiture of the Ohio natural gas LDC business and removes income tax impacts related to the sale








5)






Represents impacts related to temporary emergency electric energy facilities following the removal of the units from our rate regulated business








6)






The calculation on a per-share basis may not add down due to rounding







Reconciliation of consolidated net income and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share




 






Three Months Ended




March 31, 2025








Dollars in

millions






Diluted




EPS(1)








Consolidated net income and diluted EPS on a GAAP basis






$297






$0.45








 






 






 








ZENS-related mark-to-market (gains) losses:






 






 








Equity securities (net of tax expense of $17)(2)(3)






(63)






(0.10)








Indexed debt securities (net of tax benefit of $16)(2)






62






0.10








 






 






 








Impacts associated with mergers and divestitures (net of tax expense of $0)(2)(4)






48






0.08








 






 






 








Consolidated income and diluted EPS on a non-GAAP basis(5)






$344






$0.53









1)






Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS








2)






Taxes are computed based on the impact removing such item would have on tax expense. Taxes related to the Louisiana and Mississippi natural gas LDC businesses sale are booked proportionately by applying the projected annual effective tax rate percentage to income earned each quarter in accordance with GAAP. Additional tax expense related primarily to the write-off of non-deductible goodwill was reflected in tax expense over the remainder of 2025 and excluded from non-GAAP EPS.








3)






Comprised of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc.








4)






Includes $43 million loss on sale associated with the divestiture of our Louisiana and Mississippi natural gas LDC businesses








5)






The calculation on a per-share basis may not add down due to rounding







Reconciliation of consolidated net income and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share




 






Twelve Months Ended




December 31, 2025








Dollars in

millions






Diluted




EPS(1)








Consolidated net income and diluted EPS on a GAAP basis






$1,052






$1.60








 






 






 








ZENS-related mark-to-market (gains) losses:






 






 








Equity securities (net of tax benefit of $11)(2)(3)






40






0.06








Indexed debt securities (net of tax expense of $12)(2)






(43)






(0.07)








 






 






 








Impacts associated with mergers and divestitures (net of tax expense of $22)(2)(4)






60






0.09








 






 






 








Impacts associated with TEEEF Units removed from Rate Base (net of tax benefit of $12)(5)






46






0.07








 






 






 








Consolidated income and diluted EPS on a non-GAAP basis(6)






$1,155






$1.76









1)






Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS








2)






Taxes are computed based on the impact removing such item would have on tax expense. Taxes related to the Louisiana and Mississippi natural gas LDC business sale are booked proportionately by applying the projected annual effective tax rate percentage to income earned each quarter in accordance with GAAP. Additional tax expense related primarily to the write-off of non-deductible goodwill was reflected in tax expense over the remainder of 2025 and excluded from non-GAAP EPS








3)






Comprised of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc.








4)






Includes $37 million loss on sale associated with the divestiture of our Louisiana and Mississippi natural gas LDC businesses and gain on early extinguishment of debt with proceeds from the divestiture of the Louisiana and Mississippi natural gas LDC businesses








5)






Represents impacts related to temporary emergency electric energy facilities following the removal of the units from our rate regulated business








6)






The calculation on a per-share basis may not add down due to rounding







Filing of Form 10-Q for CenterPoint Energy, Inc.


Today, CenterPoint Energy, Inc. filed with the Securities and Exchange Commission (“SEC”) its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. A copy of that report is available on the company’s website, under the Investors section. Investors and others should note that we may announce material information using SEC filings, press releases, public conference calls, webcasts, and the Investor Relations page of our website. In the future, we will continue to use these channels to distribute material information about the company and to communicate important information about the company, key personnel, corporate initiatives, regulatory updates, and other matters. Information that we post on our website could be deemed material; therefore, we encourage investors, the media, our customers, business partners and others interested in our company to review the information we post on our website.


Webcast of Earnings Conference Call


CenterPoint’s management will host an earnings conference call on April 23, 2026, at 7:00 a.m. Central time / 8:00 a.m. Eastern time. Interested parties may listen to a live audio broadcast of the conference call on the company’s website under the Investors section. A replay of the call can be accessed approximately two hours after the completion of the call and will be archived on the website for at least one year.


About CenterPoint Energy, Inc.


As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of March 31, 2026, the company owned approximately $47.8 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.


Forward-looking Statements


This news release includes, and the earnings conference call will include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this news release and the earnings conference call are forward-looking statements made in good faith by CenterPoint and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, including statements concerning CenterPoint’s expectations, beliefs, plans, objectives, goals, strategies, future operations, events, financial position, earnings and guidance, growth, costs, prospects, capital investments or performance or underlying assumptions and other statements that are not historical facts. You should not place undue reliance on forward-looking statements. When used in this news release and the conference call, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. The absence of these words, however, does not mean that the statements are not forward-looking.


Examples of forward-looking statements in this news release or on the earnings conference call include statements about CenterPoint’s 10-year capital investment plan and the projects and programs therein (which include Houston Electric’s Greater Houston Resiliency Initiative, System Resiliency Plan, the Houston Downtown Revitalization Project, industrial load growth projects and 765 kilovolt projects, and other plans, projects and programs relating to electric transmission, generation, resiliency, reliability, safety, gas meter upgrades, and system modernization), including the timing, execution, financing, costs, affordability, and anticipated benefits thereof, regulatory matters relating thereto, and related matters, other capital investments and opportunities therefor (including with respect to incremental capital opportunities, deployment of capital, execution, financing and timing of such projects, and anticipated benefits related thereto), future earnings and guidance, CenterPoint’s goals regarding the resiliency, reliability, and safety of our electric and gas systems, CenterPoint’s long-term growth rate and plans related thereto, dividend growth and payouts, customer charges, customer bills and rate affordability (including forecasts of potential customer savings), operations and maintenance expense reductions, the announced sale of our Ohio natural gas LDC business (including with respect to timing, anticipated benefits, and related matters, such as the Seller’s Note), anticipated benefits thereof, regulatory matters including the timing of, projections for, recovery through and anticipated benefits from the settlement of, rate cases and interim capital trackers for CenterPoint and its subsidiaries (as applicable), base rate growth and population growth and economic development in CenterPoint’s service territories, CenterPoint’s ability to support economic growth, meet customer needs and improve customer experiences, Houston Electric’s release of its 15 large 27 megawatt (“MW”) to 32 MW temporary emergency electric energy facilities (“TEEEF”) units to the San Antonio area and its ability to complete one or more other future transactions involving various sizes of TEEEF units (including with respect to timing, filings related thereto, corresponding reductions in Houston Electric’s TEEEF fleet capacity, anticipated benefits including with respect to revenue generation, rates, expected market demand for the units, and related matters), the timing and extent of CenterPoint's recovery of costs and investments, electric demand growth (including industrial load growth) in CenterPoint’s service territories (including forecasts and the drivers thereof, our ability to meet capacity needs related thereto, interconnection requests and projects related thereto and our ability to connect customers, anticipated timing and the speed with which we can energize such projects and the charges and bills related to such projects, capital investment opportunities related thereto, the timing of investments related thereto, and anticipated benefits of such growth), transmission planning studies and anticipated results thereof, financing plans (including in relation to operating cash flow, capital recycling, and the need for, timing of, and anticipated benefits of any future equity or debt issuances, forward sales, and securitization, credit metrics and parent level debt), preparation for weather conditions, CenterPoint’s 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029 (“ZENS”) and impacts of the maturity of ZENS, CenterPoint’s credit health, tax structure and liability (including with respect to the Corporate Alternative Minimum Tax and guidance related thereto), balance sheet health, future financial condition, financial performance and results of operations, value creation, opportunities and expectations. We have based our forward-looking statements on our management’s beliefs and assumptions based on information currently available to our management at the time the statements are made. We caution you that assumptions, beliefs, expectations, intentions, and projections about future events may and often do vary materially from actual results. Therefore, we cannot assure you that actual results will not differ materially from those expressed or implied by our forward-looking statements. Each forward-looking statement contained in this news release or discussed on the earnings conference call speaks only as of the date of this release or the earnings conference call.


Some of the factors that could cause actual results to differ from those expressed or implied by our forward-looking information include, but are not limited to, risks and uncertainties relating to: (1) the business strategies and strategic initiatives, restructurings, joint ventures and acquisitions or dispositions of assets or businesses involving CenterPoint or its industry, including the ability to successfully complete such strategies, initiatives, transactions or plans on the timelines we expect or at all, such as the proposed sale of our Ohio natural gas LDC business, which we cannot assure you will have the anticipated benefits to us; (2) industrial, commercial and residential growth in CenterPoint’s service territories and changes in market demand and energy consumption, including in relation to the expansion of data centers, energy refining and exports, advanced manufacturing and logistics, as well as the effects of energy efficiency measures, technological advances and demographic patterns, and our ability to appropriately estimate/forecast and effectively manage such demand and the business opportunities relating to such matters; (3) CenterPoint’s ability to fund and invest planned capital, and the timely recovery of its investments, including those related to CenterPoint’s 10-year capital plan; (4) the ability to execute and complete CenterPoint’s planned capital projects and programs, including those within CenterPoint’s 10-year capital plan, in a timely and cost-effective manner and within budget, obtain the anticipated benefits of such projects, and manage costs and impacts of such projects on customer affordability; (5) CenterPoint’s ability to successfully construct, operate, repair, maintain, replace and restart electric generating facilities, natural gas facilities, TEEEF and electric transmission facilities; (6) the timing and success of, and the ability to obtain approval for matters relating to, Houston Electric’s release of its large TEEEF units to the San Antonio area, proposed removal of its medium TEEEF units, reduction of its TEEEF fleet capacity and reduction of rates to reflect the removal of the large and medium TEEEF units from Houston Electric’s TEEEF fleet, as well as the ability to complete one or more other future transactions involving the large and medium TEEEF units on acceptable terms and conditions within the anticipated timeframe; (7) financial market and general economic conditions, including access to debt and equity capital, economic uncertainty and volatility, inflation, potential for recession, interest rates, and their effect on sales, prices and costs; (8) disruptions to the global supply chain, labor shortages and scarcity of certain materials, including as a result of changes in U.S. and foreign trade policy and geopolitical and economic uncertainty or instability, including the conflict involving Iran; (9) actions by credit rating agencies, including any potential downgrades to credit ratings; (10) the timing and impact of regulatory proceedings and actions and legal proceedings, including those related to, among other things, Hurricane Beryl, Houston Electric’s TEEEF units and the February 2021 winter storm event, and requested or favorable adjustments to rates and approval of other requested items as part of base rate proceedings or interim rate mechanisms; (11) federal, state and local legislative, executive and regulatory actions or developments, including any actions resulting from Hurricane Beryl, pipeline integrity and safety, actions relating to our facilities and changes in regulation, legislation and governmental actions pertaining to the utility model, trade (including tariffs, bans, retaliatory trade measures taken against the United States or related government action), tax legislation and guidance (including further changes to or clarification of the One Big Beautiful Bill Act and the Inflation Reduction Act), the implementation of budget and spending cuts to federal government agencies and programs, effects of government shutdowns, and developments related to the environment; (12) the impact of public health threats; (13) severe weather events, natural disasters and other climate-related impacts, and CenterPoint’s ability to mitigate such impacts, including the approval and timing of securitization issuances; (14) damages to our network, facilities and systems, including as a result of wildfires; (15) changes in business plans; (16) changes to technology and our ability to anticipate, adapt to and implement technological changes and advances in and our ability to timely adopt, develop and deploy, artificial intelligence; (17) operations and maintenance costs, our ability to control such costs and cost-related impacts on the affordability of our rates for our customers; (18) CenterPoint’s ability to timely obtain and maintain necessary land rights, licenses, permits, easements and approvals from landowners and local, federal and other regulatory authorities on acceptable terms and resolve disputes or third-party challenges to such licenses, permits or approvals, as applicable; (19) CenterPoint’s ability to execute on its strategy, initiatives, targets and goals, including its energy transition goals and operations and maintenance goals; and (20) other factors discussed in CenterPoint’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and CenterPoint’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, including under “Risk Factors,” “Cautionary Statements Regarding Forward-Looking Information” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Certain Factors Affecting Future Earnings” in such report and in other filings with the Securities and Exchange Commission (“SEC”) by CenterPoint, which can be found at www.centerpointenergy.com on the Investor Relations page or on the SEC website at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260422904150/en/
For more information contact


Media:

Communications

Media.Relations@CenterPointEnergy.com


Investors:

Ben Vallejo / Ellie Wood

Phone 713.207.6500


Original: CenterPoint Energy reports strong Q1 2026 results; reiterates full-year 2026 guidance; provides an update on Houston Electric load growth

CenterPoint Energy appoints Michael A. "Casey" Herman to Board of DirectorsApril 16, 2026 6:15 PM
PR Newswire (US)

New Director brings deep expertise in audit, governance, strategic planning and long-term financing as well as decades of experience serving the utility industry to the Board HOUSTON, April 16, 2026 /PRNewswire/ -- As part of the ongoing refreshment process of its Board of Directors, CenterPoint Energy (NYSE: CNP) today announced that its shareholders elected a new Director, Michael A. ("Casey") Herman to its Board, effective April 16, 2026. Herman brings decades of audit, governance, and finance strategy experience in the electric and gas utility industries to CenterPoint's Board.







Herman is a senior industry executive with deep experience leading complex audits and providing consulting services for companies across the utility sector, including his 10 years of leading the U.S. Utility & Power Sector and Sustainability practices at PricewaterhouseCoopers (PwC). He has also served as a C-suite advisor and member of several utility industry-related boards, including as Chair of the Electric Power Research Institute's (EPRI) Advisory Committee and a member of the Edison Electric Institute's (EEI) Wall Street Advisory Group. He is a licensed Certified Public Accountant in Illinois and Louisiana."Casey is a well-respected thought leader in our industry having served numerous companies in the investor-owned utility space and he has a wealth and variety of experience that will greatly benefit CenterPoint's Board," said Jason P. Wells, Chair of CenterPoint's Board of Directors. "He brings decades of governance, audit, strategic planning, and long-term financing strategy expertise, especially when it comes to driving long-term strategic plans for Fortune 500 companies. We could not be more pleased to have him join us at this time."Consistent with its growth-focused strategy and 10-year, $65.5 billion capital investment plan, CenterPoint continues to deliver on its objective to invest in the resilience, reliability and safety of its system and to fuel the company's long-term growth potential, for the benefit of its customers and communities across the service areas it serves.Regarding his appointment, Herman said, "I am honored to be joining CenterPoint's Board and bringing my perspective to the table. As we all work together to support the company's goals of building and operating the most resilient coastal grid in the in the nation and the safest gas system in the country, I look forward to leveraging my experience and providing insights to the Board to help advance the company's long-term strategy."About Michael A. "Casey" Herman
A former senior partner at PricewaterhouseCoopers, Casey Herman brings nearly four decades of experience advising companies across the energy, utility, and power sectors. During his tenure at PwC, he served as U.S. Utility and Power Sector Leader, where he led complex audits and provided strategic advisory services to Fortune 500 utility and energy companies. A licensed certified public accountant, Casey served as lead engagement partner for numerous large external audits, providing deep expertise in financial reporting, regulatory compliance, and SEC filings.Casey holds a Bachelor of Science in Management from the A.B. Freeman School of Business at Tulane University where he also sits on the board. He also serves on the board of Dragos, Inc., a provider of cybersecurity for operational technology in the energy and industrial sectors.About CenterPoint Energy, Inc.
As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of December 31, 2025, the company owned approximately $46.5 billion in assets. With approximately 8,800 employees, CenterPoint and its predecessor companies have been in business for more than 150 years.Forward-Looking StatementThis news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding our strategic, growth and capital plans, longer-term resiliency plans, and future performance and financial results, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release or the date that such statement is made, as applicable. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) business strategies and strategic initiatives; (2) CenterPoint Energy's ability to fund and invest planned capital, and the timely recovery of its investments; (3) financial market and general economic conditions; (4) the timing and impact of future regulatory, legislative and political actions or developments; and (5) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission.For more information, contact:
Communications
Media.Relations@CenterPointEnergy.com 



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Original: CenterPoint Energy appoints Michael A. "Casey" Herman to Board of Directors

CenterPoint Energy Declares Regular Common Stock Dividend of $0.2300April 16, 2026 6:10 PM
PR Newswire (US)

HOUSTON, April 16, 2026 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) Board of Directors today declared a regular quarterly cash dividend of $0.2300 per share on the issued and outstanding shares of Common Stock payable on June 11, 2026, to shareholders of record at the close of business on May 21, 2026.







About CenterPoint Energy, Inc. 
CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across?Indiana,?Minnesota,?Ohio, and?Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of?December 31, 2024, the company had approximately?$44 billion?in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit?CenterPointEnergy.com.Forward-Looking Statement
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this news release, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding our strategic, growth and capital plans, longer-term resiliency plans, and future performance and financial results, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release or the date that such statement is made, as applicable. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) business strategies and strategic initiatives; (2) CenterPoint Energy's ability to fund and invest planned capital, and the timely recovery of its investments; (3) financial market and general economic conditions; (4) the timing and impact of future regulatory, legislative and political actions or developments; and (5) other factors, risks and uncertainties discussed in CenterPoint Energy's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other reports CenterPoint Energy or its subsidiaries may file from time to time with the Securities and Exchange Commission. For more information, contact
Communications
Media.Relations@CenterPointEnergy.com



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Original: CenterPoint Energy Declares Regular Common Stock Dividend of $0.2300

CenterPoint Energy, Inc. Announces Pricing of Upsized Offering of $600 Million of 2.875% Convertible Senior Notes Due 2029February 23, 2026 9:58 PM
Business Wire
CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today announced the pricing of its offering of $600 million aggregate principal amount of its 2.875% Convertible Senior Notes due 2029 (the “convertible notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering was increased from the previously announced $550 million aggregate principal amount of convertible notes. CenterPoint also granted the initial purchasers of the convertible notes the option to purchase up to an additional $50 million aggregate principal amount of convertible notes for settlement within a 13-day period beginning on, and including, the date on which the convertible notes are first issued. The sale of the convertible notes is expected to close on February 26, 2026.


The convertible notes will be senior, unsecured obligations of CenterPoint. The convertible notes will mature on May 15, 2029, unless earlier converted or repurchased. The convertible notes will bear interest at a rate of 2.875% per year, payable semiannually in arrears on May 15 and November 15 of each year, beginning on November 15, 2026. Prior to February 15, 2029, the convertible notes will be convertible only upon the occurrence of certain events and during certain periods. Thereafter, the convertible notes will be convertible by holders at any time in whole or in part until the close of business on the second scheduled trading day immediately preceding the maturity date. Upon conversion, CenterPoint will pay cash up to the aggregate principal amount of the convertible notes to be converted and pay or deliver, as the case may be, cash, shares of CenterPoint’s common stock, par value $0.01 (“common stock”), or a combination of cash and shares of common stock, at CenterPoint’s election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the convertible notes being converted. CenterPoint may not redeem the convertible notes prior to the maturity date. The initial conversion rate for the convertible notes will be 18.6524 shares of common stock per $1,000 principal amount of convertible notes (equivalent to an initial conversion price of approximately $53.61 per share of the common stock). The conversion rate and the corresponding conversion price will be subject to adjustment in some events but will not be adjusted for any accrued and unpaid interest.


CenterPoint expects that the net proceeds from the offering of the convertible notes will be approximately $592.1 million (or approximately $641.5 million if the initial purchasers exercise their option to purchase additional convertible notes in full), after deducting the initial purchasers’ discounts and commissions and offering expenses payable by CenterPoint. CenterPoint intends to use the net proceeds from this offering for general corporate purposes, including the repayment of a portion of its outstanding commercial paper and other debt.


The convertible notes and any shares of common stock issuable upon conversion of the convertible notes have been offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act. The offer and sale of the convertible notes and any shares of common stock issuable upon conversion of the convertible notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.


This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any jurisdiction in which the offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any jurisdiction.


About CenterPoint


As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of December 31, 2025, the company owned approximately $46.5 billion in assets. With approximately 8,800 employees, CenterPoint and its predecessor companies have been in business for more than 150 years.


Forward-Looking Statements


This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “projection,” “should,” “target,” “will,” “would” or other similar words are intended to identify forward-looking statements. Any statements in this press release regarding future events that are not historical facts are forward-looking statements. These forward-looking statements, which include statements regarding CenterPoint’s expectations regarding the closing of the sale of the convertible notes and the use of the net proceeds from the sale, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. CenterPoint cannot be sure that it will close the sale of the convertible notes or, if it does, on what terms the sale will be closed. Each forward-looking statement contained in this press release speaks only as of the date of this release, and other than as required under applicable securities laws, CenterPoint does not assume any duty to update or revise forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) actions by credit rating agencies, including any potential downgrades to credit ratings; (2) financial market and general economic conditions, including access to debt and equity capital, economic uncertainty and volatility, inflation, potential for recession, interest rates, and their effect on sales, prices and costs; (3) federal, state and local legislative, executive and regulatory actions or developments; and (4) other factors, risks and uncertainties discussed in CenterPoint’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other reports CenterPoint or its subsidiaries may file from time to time with the Securities and Exchange Commission (“SEC”).


You are cautioned not to place undue reliance on CenterPoint’s forward-looking statements. Investors and others should note that CenterPoint may announce material information using SEC filings and the Investor Relations page of its website, including press releases, public conference calls, webcasts and other investor information. In the future, CenterPoint expects to continue to use these channels to distribute material information about CenterPoint and to communicate important information about CenterPoint, key personnel, corporate initiatives, regulatory updates, and other matters. Information that CenterPoint posts on its website could be deemed material; therefore, investors are encouraged to review the information posted on the Investor Relations page of CenterPoint’s website.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260223925803/en/
For more information contact

Media:

Communications

media.relations@centerpointenergy.com

Investors:

Ben Vallejo / Ellie Wood

713.207.6500


Original: CenterPoint Energy, Inc. Announces Pricing of Upsized Offering of $600 Million of 2.875% Convertible Senior Notes Due 2029

CenterPoint Energy, Inc. Announces Offering of $550 Million of Convertible Senior Notes Due 2029February 23, 2026 7:11 AM
Business Wire
CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today announced that it intends to offer, subject to market and other conditions, $550 million aggregate principal amount of its Convertible Senior Notes due 2029 (the “convertible notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, CenterPoint intends to grant the initial purchasers of the convertible notes the option to purchase up to an additional $50 million aggregate principal amount of convertible notes for settlement within a 13-day period beginning on, and including, the date on which the convertible notes are first issued.


The convertible notes will be senior, unsecured obligations of CenterPoint. The convertible notes will mature on May 15, 2029, unless earlier converted or repurchased. Interest on the convertible notes will be paid semiannually in arrears on May 15 and November 15 of each year, beginning on November 15, 2026. Prior to February 15, 2029, the convertible notes will be convertible only upon the occurrence of certain events and during certain periods. Thereafter, the convertible notes will be convertible by holders at any time in whole or in part until the close of business on the second scheduled trading day immediately preceding the maturity date. Upon conversion, CenterPoint will pay cash up to the aggregate principal amount of the convertible notes to be converted and pay or deliver, as the case may be, cash, shares of CenterPoint’s common stock, par value $0.01 (“common stock”), or a combination of cash and shares of common stock, at CenterPoint’s election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the convertible notes being converted. CenterPoint may not redeem the convertible notes prior to the maturity date. The final terms of the convertible notes, including the interest rate, initial conversion rate and certain other terms of the convertible notes, will be determined at the time of pricing of the offering.


CenterPoint intends to use the net proceeds from this offering for general corporate purposes, including the repayment of a portion of its outstanding commercial paper and other debt.


The convertible notes and any shares of common stock issuable upon conversion of the convertible notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act. The offer and sale of the convertible notes and any shares of common stock issuable upon conversion of the convertible notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.


This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any jurisdiction in which the offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any jurisdiction.


About CenterPoint


As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of December 31, 2025, the company owned approximately $46.5 billion in assets. With approximately 8,800 employees, CenterPoint and its predecessor companies have been in business for more than 150 years.


Forward-Looking Statements


This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “objective,” “plan,” “potential,” “predict,” “projection,” “should,” “target,” “will,” “would” or other similar words are intended to identify forward-looking statements. Any statements in this press release regarding future events that are not historical facts are forward-looking statements. These forward-looking statements, which include statements regarding CenterPoint’s expectations regarding the planned offer and sale of the convertible notes and the use of the net proceeds from any such sale, are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. CenterPoint cannot be sure that it will complete the offering or, if it does, on what terms CenterPoint will complete it. Each forward-looking statement contained in this press release speaks only as of the date of this release, and other than as required under applicable securities laws, CenterPoint does not assume any duty to update or revise forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by the provided forward-looking information include risks and uncertainties relating to: (1) actions by credit rating agencies, including any potential downgrades to credit ratings; (2) financial market and general economic conditions, including access to debt and equity capital, economic uncertainty and volatility, inflation, potential for recession, interest rates, and their effect on sales, prices and costs; (3) federal, state and local legislative, executive and regulatory actions or developments; and (4) other factors, risks and uncertainties discussed in CenterPoint’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other reports CenterPoint or its subsidiaries may file from time to time with the Securities and Exchange Commission (“SEC”).


You are cautioned not to place undue reliance on CenterPoint’s forward-looking statements. Investors and others should note that CenterPoint may announce material information using SEC filings and the Investor Relations page of its website, including press releases, public conference calls, webcasts and other investor information. In the future, CenterPoint expects to continue to use these channels to distribute material information about CenterPoint and to communicate important information about CenterPoint, key personnel, corporate initiatives, regulatory updates, and other matters. Information that CenterPoint posts on its website could be deemed material; therefore, investors are encouraged to review the information posted on the Investor Relations page of CenterPoint’s website.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260222620459/en/
Media:

Communications

media.relations@centerpointenergy.com

Investors:

Ben Vallejo / Ellie Wood

713.207.6500


Original: CenterPoint Energy, Inc. Announces Offering of $550 Million of Convertible Senior Notes Due 2029

CenterPoint Energy reports strong Q4 and FY 2025 results; updates its progress on load forecast; reiterates 2026 full year guidanceFebruary 19, 2026 6:28 AM
Business Wire

Reported Q4 2025 earnings of $0.40 per diluted share and full year 2025 earnings of $1.60 per diluted share on a GAAP basis




Non-GAAP earnings per diluted share (“non-GAAP EPS”) was $0.45 for Q4 2025 and $1.76 for full year 2025; 9% increase over 2024 full year non-GAAP EPS of $1.62




Reiterates its 2026 non-GAAP EPS guidance range of at least the midpoint of $1.89-$1.91, which at the midpoint, would represent 8% growth over 2025 delivered results1




Increases 10-year capital investment plan $500 million, now totaling over $65 billion of planned investment from 2026 through 2035




Announces that it expects to meet its 50% increase in peak load demand by 2029, two full years ahead of initial forecasts



CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today reported net income of $264 million, or $0.40 per diluted share on a GAAP basis for the fourth quarter of 2025, compared to $0.38 per diluted share in the comparable period of 2024.


Non-GAAP EPS for the fourth quarter of 2025 was $0.45, compared to $0.40 per diluted share in the comparable period of 2024. These strong fourth quarter results were primarily driven by growth and regulatory recovery which contributed $0.12 per share of favorability as compared to the fourth quarter of 2024. In addition, weather and usage were favorable drivers for the fourth quarter of 2025 as compared to the fourth quarter of 2024, contributing $0.01 per share. These drivers were partially offset by an unfavorable variance of $0.02 per share attributable to increased O&M expense and $0.05 per share attributable to increased interest expense over the comparable quarter of 2024.


CenterPoint increased its 10-year capital investment plan by $500 million to now $65.5 billion of planned investment from 2026-2035, reflecting incremental investment for electric transmission.


“I’m proud of how our teams continued to deliver better outcomes for our customers and communities in 2025, including reducing year over year outage times by more than 100 million customer outage minutes in our Houston Electric business. We closed out the year with strong and consistent execution, robust financial results and significant growth opportunities. With these results, we have now delivered industry-leading 9% non-GAAP EPS growth in four of the last five years,” said Jason Wells, Chair of the Board, President & CEO of CenterPoint.


“Previously, we shared a projected 50 percent growth of peak electric load in Greater Houston by 2031. Today, we’re updating our projections that we will deliver 10 gigawatts of new load by the end of 2029, two full years ahead of our previous forecasts. We are confident in our ability to deliver that growth because of our proven track record of connecting large customers, regardless of sector, to our system. We believe that we can connect industrial, life sciences, and a range of technology customers far faster and far more cost-effectively than other regions as part of our more than $65 billion investment plan. Our speed to power and efficiency are helping attract new jobs and diverse investments to the Greater Houston area while helping us to keep our portion of customer bills essentially flat for our Texas residential customers,” concluded Wells.




____________________________








1 CenterPoint is unable to present a quantitative reconciliation of forward-looking non-GAAP diluted earnings per share without unreasonable effort because changes in the value of ZENS (as defined herein) and related securities, future impairments, and other unusual items are not estimable and are difficult to predict due to various factors outside of management’s control.







Earnings Outlook


In addition to presenting its financial results in accordance with GAAP, including presentation of net income or income available to common shareholders (loss) and diluted earnings (loss) per share, CenterPoint provides guidance based on non-GAAP income and non-GAAP diluted earnings per share. Generally, a non-GAAP financial measure is a numerical measure of a company’s historical or future financial performance that excludes or includes amounts that are not normally excluded or included in the most directly comparable GAAP financial measure.


Management evaluates CenterPoint’s financial performance in part based on non-GAAP income and non-GAAP diluted earnings per share. Management believes that presenting these non-GAAP financial measures enhances an investor’s understanding of CenterPoint’s overall financial performance by providing them with an additional meaningful and relevant comparison of current and anticipated future results across periods. The adjustments made in these non-GAAP financial measures exclude items that management believes do not most accurately reflect the company’s fundamental business performance. These excluded items are reflected in the reconciliation tables of this news release, where applicable. CenterPoint’s non-GAAP income and non-GAAP diluted earnings per share measures should be considered as a supplement to, and not as a substitute for, or superior to, net income and diluted earnings per share, which respectively are the most directly comparable GAAP financial measures. These non-GAAP financial measures also may be different than non-GAAP financial measures used by other companies.


Non-GAAP EPS guidance and non-GAAP EPS


2020 and 2021 non-GAAP Utility EPS included net income from CenterPoint’s Electric and Natural Gas segments, as well as after tax Corporate and Other operating income and an allocation of corporate overhead based upon the Utility’s relative earnings contribution. Corporate overhead consists primarily of interest expense, preferred stock dividend requirements, and other items directly attributable to the parent along with the associated income taxes.



2020 non-GAAP Utility EPS excluded:


Earnings or losses from the change in value of CenterPoint’s 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029 (“ZENS”) and related securities;



Certain expenses associated with merger integration;



Midstream Investments segment and associated income from the Enable Midstream Partners, LP preferred units and a corresponding amount of debt in addition to an allocation of associated corporate overhead and impact, including related expenses, associated with the merger between Enable Midstream Partners, LP and Energy Transfer LP;



Cost associated with the early extinguishment of debt; and



Gain and impact, including related expenses, associated with gas local distribution company (“LDC”) sales.






2021 non-GAAP Utility EPS excluded:


Earnings or losses from the change in value of ZENS and related securities;



Earnings and losses associated with the ownership and disposal of midstream common and preferred units (including amounts reported in discontinued operations), net gain associated with the consummation of the merger between Enable Midstream Partners, LP and Energy Transfer LP, a corresponding amount of debt related to midstream common and preferred units, and an allocation of associated corporate overhead;



Cost associated with the early extinguishment of debt;



Impacts associated with Arkansas and Oklahoma gas LDC sales; and



Certain impacts associated with other mergers and divestitures.






Beginning in 2022, CenterPoint no longer separated utility and midstream operations and reports on a consolidated non-GAAP EPS basis.



2022 non-GAAP EPS excluded:


Earnings or losses from the change in value of ZENS and related securities;



Gain and impact, including related expenses, associated with Arkansas and Oklahoma gas LDC sales; and



Income and expense related to ownership and disposal of Energy Transfer LP common and Series G preferred units, and a corresponding amount of debt related to the units.






2023, 2024 and 2025 non-GAAP EPS excluded and non-GAAP EPS guidance excludes:


Earnings or losses from the change in value of ZENS and related securities;



Gains, losses and impacts, including related expenses, associated with mergers and divestitures, such as the divestiture of our Louisiana and Mississippi natural gas LDC businesses and the announced sale of our Ohio natural gas LDC business; and






2025 non-GAAP EPS also excluded and non-GAAP EPS guidance also excludes impacts related to temporary emergency electric energy facilities (“TEEEF”) once they are no longer part of our rate-regulated business.



In providing non-GAAP EPS guidance and non-GAAP EPS, CenterPoint does not consider the items noted above and other potential impacts such as changes in accounting standards, impairments, or other unusual items, which could have a material impact on GAAP reported results for the applicable guidance period. The non-GAAP EPS guidance ranges also consider assumptions for certain significant variables that may impact earnings, such as customer growth and usage including normal weather, throughput, recovery of capital invested, effective tax rates, financing activities and related interest rates, and regulatory and judicial proceedings. To the extent actual results deviate from these assumptions, the non-GAAP EPS guidance range for any particular year may not be met, or the projected annual non-GAAP EPS growth rate may change. CenterPoint is unable to present a quantitative reconciliation of forward-looking non-GAAP diluted earnings per share without unreasonable effort because changes in the value of ZENS and related securities, future impairments, and other unusual items are not estimable and are difficult to predict due to various factors outside of management’s control.


Reconciliation of consolidated net income and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share




 






Three Months Ended




December 31, 2025








Dollars in

millions






Diluted

EPS(1)








Consolidated net income and diluted EPS on a GAAP basis






$264






$0.40








 






 






 








ZENS-related mark-to-market (gains) losses:






 






 








Equity securities (net of tax benefit of $15)(2)(3)






55






0.08








Indexed debt securities (net of tax expense of $15)(2)






(56)






(0.09)








 






 






 








Impacts associated with mergers and divestitures (net of tax expense of $2)(2)(4)






15






0.02








 






 






 








Impacts associated with TEEEF Units removed from Rate Base (net of tax benefit of $5)(5)






17






0.03








 






 






 








Consolidated income and diluted EPS on a non-GAAP basis(6)






$295






$0.45









1)






Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS







2)

Taxes are computed based on the impact removing such item would have on tax expense. Taxes related to the Louisiana and Mississippi natural gas LDC business sale are booked proportionately by applying the projected annual effective tax rate percentage to income earned each quarter in accordance with GAAP. Additional tax expense related primarily to the write-off of non-deductible goodwill will be reflected in tax expense over the remainder of 2025 and excluded from non-GAAP EPS







3)

Comprised of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc.







4)

Includes $5 million loss on sale associated with the divestiture of our Louisiana and Mississippi natural gas LDC businesses







5)

Represents impacts related to temporary emergency electric energy facilities following the removal of the units from our rate regulated business







6)

The calculation on a per-share basis may not add down due to rounding







Reconciliation of consolidated net income and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share




 






Three Months Ended




December 31, 2024








Dollars in

millions






Diluted

EPS(1)








Consolidated net income and diluted EPS on a GAAP basis






$248






$0.38








 






 






 








ZENS-related mark-to-market (gains) losses:






 






 








Equity securities (net of tax expense of $6)(2)(3)






(24)






(0.03)








Indexed debt securities (net of tax benefit of $6)(2)






22






0.03








 






 






 








Impacts associated with mergers and divestitures (net of tax expense of $1)(2)(4)






13






0.02








 






 






 








Consolidated income and diluted EPS on a non-GAAP basis(5)






$259






$0.40









1)






Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS







2)

Taxes are computed based on the impact removing such item would have on tax expense







3)

Comprised of common stock of AT&T Inc., Charter Communications, Inc. and Warner Bros. Discovery, Inc.







4)

Includes tax expense of $8 million related to a deferred state income tax remeasurement resulting from the sale of Louisiana and Mississippi LDCs







5)

The calculation on a per-share basis may not add down due to rounding







Reconciliation of consolidated net income and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share




 






Twelve Months Ended




December 31, 2025








Dollars in

millions






Diluted

EPS(1)








Consolidated net income and diluted EPS on a GAAP basis






$1,052






$1.60








 






 






 








ZENS-related mark-to-market (gains) losses:






 






 








Equity securities (net of tax benefit of $11)(2)(3)






40






0.06








Indexed debt securities (net of tax expense of $12)(2)






(43)






(0.07)








 






 






 








Impacts associated with mergers and divestitures (net of tax expense of $22)(2)(4)






60






0.09








 






 






 








Impacts associated with TEEEF Units removed from Rate Base (net of tax benefit of $12)(5)






46






0.07








 






 






 








Consolidated income and diluted EPS on a non-GAAP basis(6)






$1,155






$1.76









1)






Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS







2)

Taxes are computed based on the impact removing such item would have on tax expense. Taxes related to the Louisiana and Mississippi natural gas LDC business sale are booked proportionately by applying the projected annual effective tax rate percentage to income earned each quarter in accordance with GAAP. Additional tax expense related primarily to the write-off of non-deductible goodwill will be reflected in tax expense over the remainder of 2025 and excluded from non-GAAP EPS







3)

Comprised of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc.







4)

Includes $37 million loss on sale associated with the divestiture of our Louisiana and Mississippi natural gas LDC businesses and gain on early extinguishment of debt with proceeds from the divestiture of the Louisiana and Mississippi natural gas LDC businesses







5)

Represents impacts related to temporary emergency electric energy facilities following the removal of the units from our rate regulated business







6)

The calculation on a per-share basis may not add down due to rounding







Reconciliation of consolidated net income and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share




 






Twelve Months Ended




December 31, 2024








Dollars in

millions






Diluted

EPS(1)








Consolidated net income and diluted EPS on a GAAP basis






$1,019






$1.58








 






 






 








ZENS-related mark-to-market (gains) losses:






 






 








Equity securities (net of tax expense of $4)(2)(3)






(15)






(0.02)








Indexed debt securities (net of tax benefit of $3)(2)






11






0.01








 






 






 








Impacts associated with mergers and divestitures (net of tax expense of $3)(2)(4)






26






0.04








 






 






 








Consolidated income and diluted EPS on a non-GAAP basis(5)






$1,041






$1.62









1)






Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS







2)

Taxes are computed based on the impact removing such item would have on tax expense







3)

Comprised of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc.







4)

Includes professional fees associated with execution of transactions from the sale of Louisiana and Mississippi natural gas LDC businesses







5)

The calculation on a per-share basis may not add down due to rounding







Reconciliation of consolidated income available to common shareholders and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share




 






Twelve Months Ended




December 31, 2023








Dollars in

millions






Diluted

EPS(1)








Consolidated income available to common shareholders and diluted EPS on a GAAP basis






$867






$1.37








 






 






 








ZENS-related mark-to-market (gains) losses:






 






 








Equity securities (net of taxes of $7)(2)(3)






(25)






(0.04)








Indexed debt securities (net of taxes of $6)(2)






21






0.03








 






 






 








Impacts associated with mergers and divestitures (net of taxes of $64)(2)(4)






89






0.14








 






 






 








Consolidated income and diluted EPS on a non-GAAP basis(5)






$952






$1.50








1)

Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS







2)

Taxes are computed based on the impact removing such item would have on tax expense. Taxes related to the operating results of Energy Systems Group, as well as cash taxes payable and other tax impacts related to the sale of Energy Systems Group, are excluded from non-GAAP EPS







3)

Comprised of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc.







4)

Includes $4.4 million of pre-tax operating loss related to Energy Systems Group, a divested non-regulated business, as well as the $13 million loss on sale and approximately $2 million of other indirect related transaction costs associated with the divestiture







5)

The calculation on a per-share basis may not add down due to rounding







Reconciliation of consolidated income available to common shareholders and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share




 






Twelve Months Ended




December 31, 2022








Dollars in

millions






Diluted

EPS(1)








Consolidated income available to common shareholders and diluted EPS on a GAAP basis






$1,008






$1.59








 






 






 








ZENS-related mark-to-market (gains) losses:






 






 








Equity securities (net of taxes of $66)(2)(3)






247






0.39








Indexed debt securities (net of taxes of $68)(2)






(256)






(0.40)








 






 






 








Midstream-related earnings (net of taxes of $2)(2)(4)






(46)






(0.07)








 






 






 








Impacts associated with mergers and divestitures (net of taxes of $165)(2)(5)






(80)






(0.13)








 






 






 








Consolidated income and diluted EPS on a non-GAAP basis(6)






$873






$1.38









1)






Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS







2)

Taxes are computed based on the impact removing such item would have on tax expense







3)

Comprised of common stock of AT&T Inc., Charter Communications, Inc., and Warner Bros. Discovery, Inc.







4)

Includes earnings and expenses related to ownership and disposal of Energy Transfer units, a corresponding amount of debt related to the units and an allocation of associated corporate overhead; Includes costs associated with early extinguishment of $600 million debt at CenterPoint Energy, Inc. of approximately $35 million, net of taxes







5)

Includes a settlement charge of $35 million, net of tax, related to CenterPoint Energy pension plan’s purchase of a group annuity contract in December 2022 to transfer benefit obligations of CenterPoint Energy’s previously divested businesses to an insurance company







6)

The calculation on a per-share basis may not add down due to rounding







Reconciliation of consolidated income (loss) available to common shareholders and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share




Twelve Months Ended






 








December 31, 2021






 








 






Utility Operations






 






Midstream

Investments

(Disc. Operations)






 






Corporate and Other (7)






 






Consolidated








 






Dollars in

millions






Diluted

EPS (1)






 






Dollars in

millions






Diluted

EPS (1)






 






Dollars in

millions






Diluted

EPS (1)






 






Dollars in

millions






Diluted EPS (1)








Consolidated income (loss) available to common shareholders and diluted EPS on a GAAP basis (1)






$






878






 






 






$






1.44






 






 






 






$






818






 






 






$






1.34






 






 






 






$






(305






)






 






$






(0.50






)






 






 






$






1,391






 






 






$






2.28






 






 









 






 






 






 






 






 






 






 






 






 






 








ZENS-related mark-to-market (gains) losses:






 






 






 






 






 






 






 






 






 






 






 








Equity securities (net of taxes of $11) (2)(3)






—






 






 






—






 






 






 






—






 






 






—






 






 






 






40






 






 






0.07






 






 






 






40






 






 






0.07






 






 








Indexed debt securities (net of taxes of $11) (2)






—






 






 






—






 






 






 






—






 






 






—






 






 






 






(39






)






 






(0.06






)






 






 






(39






)






 






(0.06






)






 









 






 






 






 






 






 






 






 






 






 






 








Impacts associated with gas LDC sales (net of taxes of $2, $3) (2) (4)






(4






)






 






(0.01






)






 






 






—






 






 






—






 






 






 






5






 






 






0.01






 






 






 






1






 






 






—






 






 


























 



Cost associated with the early extinguishment of debt (net of taxes of $7) (2)






—






 






 






—






 






 







—






 






 






—






 








27






 






 






0.04






 








27






 






 






0.04






 









 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Impacts associated with Enable & Energy Transfer merger:






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Gain at merger close, net of transaction costs (net of taxes of $134 and $0) (2)






—






 






 






—






 






 






 






(546






)






 






(0.90






)






 






 






(1






)






 






—






 






 






 






(547






)






 






(0.90






)






 








Loss on equity securities (net of taxes of $24) (2)(5)






—






 






 






—






 






 






 






—






 






 






—






 






 






 






98






 






 






0.16






 






 






 






98






 






 






0.16






 






 








Costs associated with the early extinguishment of debt (net of taxes of $1) (2)






—






 






 






—






 






 






 






—






 






 






—






 






 






 






6






 






 






0.01






 






 






 






6






 






 






0.01






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Impacts associated with other mergers and divestitures (net of taxes of $2, $13) (2)(6)






4






 






 






0.01






 






 






 






—






 






 






—






 






 






 






20






 






 






0.03






 






 






 






24






 






 






0.04






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Corporate and Other Allocation






(105






)






 






(0.17






)






 






 






(44






)






 






(0.07






)






 






 






149






 






 






0.24






 






 






 






—






 






 






—






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Consolidated income and diluted EPS on a non-GAAP basis






$






773






 






 






$






1.27






 






 






 






$






228






 






 






$






0.37






 






 






 






$






—






 






 






$






—






 






 






 






$






1,001






 






 






$






1.64






 






 









1)






Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS. EPS figures for Utility Operations, Corporate and Other, and Discontinued Operations are non-GAAP financial measures.







2)

Taxes are computed based on the impact removing such item would have on tax expense







3)

Comprised of common stock of AT&T Inc. and Charter Communications, Inc.







4)

Includes gain from remeasurement of state deferred taxes, costs to achieve the sales and costs associated with the early extinguishment of debt







5)

Comprised of Energy Transfer common and Series G preferred units







6)

Includes impacts associated with the Vectren merger and the sales of Infrastructure Services (CIS) and Mobile Energy Solutions (MES)







7)

Corporate and Other, plus income allocated to preferred shareholders







Reconciliation of consolidated income (loss) available to common shareholders and diluted earnings per share (GAAP) to non-GAAP income and non-GAAP diluted earnings per share




Twelve Months Ended








December 31, 2020








 






Utility Operations






 






Midstream Investments

(Disc. Operations)






 






Corporate and

Other(6)






 






CES(1) & CIS(2)

(Disc. Operations)






 






Consolidated








 






Dollars

in

millions






Diluted

EPS(3)






 






Dollars

in

millions






Diluted

EPS(3)






 






Dollars

in

millions






Diluted

EPS(3)






 






Dollars

in

millions






Diluted

EPS(3)






 






Dollars

in

millions






Diluted

EPS(3)








Consolidated income (loss) available to common shareholders and diluted EPS(3)






$






508






 






 






$






0.95






 






 






 






$






(1,074






)






 






$






(2.02






)






 






 






$






(201






)






 






$






(0.38






)






 






 






$






(182






)






 






$






(0.34






)






 






 






$






(949






)






 






$






(1.79






)






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Timing effects impacting CES(1):






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Mark-to-market (gains) losses (net of taxes of $3)(4)






—






 






 






—






 






 






 






—






 






 






—






 






 






 






—






 






 






—






 






 






 






(10






)






 






(0.02






)






 






 






(10






)






 






(0.02






)






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








ZENS-related mark-to-market (gains) losses:






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Equity securities (net of taxes of $11)(4)(5)






—






 






 






—






 






 






 






—






 






 






—






 






 






 






(38






)






 






(0.07






)






 






 






—






 






 






—






 






 






 






(38






)






 






(0.07






)






 








Indexed debt securities (net of taxes of $13)(4)






—






 






 






—






 






 






 






—






 






 






—






 






 






 






47






 






 






0.09






 






 






 






—






 






 






—






 






 






 






47






 






 






0.09






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Impacts associated with the Vectren merger (net of taxes of $1, $3)(4)






3






 






 






0.01






 






 






 






—






 






 






—






 






 






 






12






 






 






0.02






 






 






 






—






 






 






—






 






 






 






15






 






 






0.03






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Impacts associated with BREC activities and Severance costs (net of taxes of $4, $0)(4)






14






 






 






0.03






 






 






 






—






 






 






—






 






 






 






3






 






 






—






 






 






 






—






 






 






—






 






 






 






17






 






 






0.03






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Impacts associated with the sales of CES(1) and CIS(2) (net of taxes of $10)(4)






—






 






 






—






 






 






 






—






 






 






—






 






 






 






—






 






 






—






 






 






 






217






 






 






0.41






 






 






 






217






 






 






0.41






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Impacts associated with Series C preferred stock






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Preferred stock dividend requirement and amortization of beneficial conversion feature






—






 






 






—






 






 






 






—






 






 






—






 






 






 






58






 






 






0.11






 






 






 






—






 






 






—






 






 






 






58






 






 






0.11






 






 








Impact of increased share count on EPS if issued as common stock






—






 






 






(0.06






)






 






 






—






 






 






0.12






 






 






 






—






 






 






0.01






 






 






 






—






 






 






—






 






 






 






—






 






 






0.07






 






 








Total Series C impacts






—






 






 






(0.06






)






 






 






—






 






 






0.12






 






 






 






58






 






 






0.12






 






 






 






—






 






 






—






 






 






 






58






 






 






0.18






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Losses on impairment (net of taxes of $0, $408)(4)






185






 






 






0.33






 






 






 






1,269






 






 






2.25






 






 






 






—






 






 






—






 






 






 






—






 






 






—






 






 






 






1,454






 






 






2.58






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Corporate and Other Allocation






(48






)






 






(0.09






)






 






 






(64






)






 






(0.12






)






 






 






119






 






 






0.22






 






 






 






(7






)






 






(0.01






)






 






 






—






 






 






—






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Consolidated on a non-GAAP basis






662






 






 






1.17






 






 






 






131






 






 






0.23






 






 






 






—






 






 






—






 






 






 






18






 






 






0.04






 






 






 






811






 






 






1.44






 






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Exclusion of CES(1) and CIS(2) Discontinued Operations(7)






—






 






 






—






 






 






 






—






 






 






—






 






 






 






—






 






 






—






 






 






 






(18






)






 






(0.04






)






 






 






(18






)






 






(0.04






)






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Consolidated on a non-GAAP basis, excluding CES(1) and CIS(2)






$






662






 






 






$






1.17






 






 






 






$






131






 






 






$






0.23






 






 






 






$






—






 






 






$






—






 






 






 






$






—






 






 






$






—






 






 






 






$






793






 






 






$






1.40






 






 









1)






Energy Services segment







2)

Infrastructure Services segment







3)

Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS. EPS figures for Utility Operations, Corporate and Other, and Discontinued Operations are non-GAAP financial measures.







4)

Taxes are computed based on the impact removing such item would have on tax expense







5)

Comprised of common stock of AT&T Inc. and Charter Communications, Inc.







6)

Corporate and Other, plus income allocated to preferred shareholders







7)

Results related to Energy Services and Infrastructure Services discontinued operations are excluded from the company's non-GAAP results







Filing of Form 10-K for CenterPoint Energy, Inc.


Today, CenterPoint Energy, Inc. filed with the Securities and Exchange Commission (“SEC”) its Annual Report on Form 10-K for the year ended December 31, 2025. A copy of that report is available on the company’s website, under the Investors section. Investors and others should note that we may announce material information using SEC filings, press releases, public conference calls, webcasts, and the Investor Relations page of our website. In the future, we will continue to use these channels to distribute material information about the company and to communicate important information about the company, key personnel, corporate initiatives, regulatory updates, and other matters. Information that we post on our website could be deemed material; therefore, we encourage investors, the media, our customers, business partners and others interested in our company to review the information we post on our website.


Webcast of Earnings Conference Call


CenterPoint’s management will host an earnings conference call on February 19, 2026, at 7:00 a.m. Central time / 8:00 a.m. Eastern time. Interested parties may listen to a live audio broadcast of the conference call on the company’s website under the Investors section. A replay of the call can be accessed approximately two hours after the completion of the call and will be archived on the website for at least one year.


About CenterPoint Energy, Inc.


As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As of December 31, 2025, the company owned approximately $46.5 billion in assets. With approximately 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.


Forward-looking Statements


This news release includes, and the earnings conference call will include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this news release and the earnings conference call are forward-looking statements made in good faith by CenterPoint and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, including statements concerning CenterPoint’s expectations, beliefs, plans, objectives, goals, strategies, future operations, events, financial position, earnings and guidance, growth, costs, prospects, capital investments or performance or underlying assumptions and other statements that are not historical facts. You should not place undue reliance on forward-looking statements. When used in this news release and the conference call, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "target," "will" or other similar words are intended to identify forward-looking statements. The absence of these words, however, does not mean that the statements are not forward-looking.


Examples of forward-looking statements in this news release or on the earnings conference call include statements about CenterPoint’s 10-year capital investment plan and the projects and programs therein (which include Houston Electric’s Greater Houston Resiliency Initiative, System Resiliency Plan, the Houston Downtown Revitalization Project and 765 kilovolt projects, and other plans, projects and programs relating to electric transmission, generation, resiliency, reliability, safety, gas meter upgrades, and system modernization), including the timing, execution, financing, costs, affordability, and anticipated benefits thereof, regulatory matters relating thereto, and related matters, other capital investments and opportunities therefor (including with respect to incremental capital opportunities, deployment of capital, execution, financing and timing of such projects, and anticipated benefits related thereto), future earnings and guidance, CenterPoint’s goals regarding the resiliency, reliability, and safety of our electric and gas systems, CenterPoint’s long-term growth rate and plans related thereto, dividend growth and payouts, customer charges, customer bills and rate affordability, operations and maintenance expense reductions, the announced sale of our Ohio natural gas LDC business (including with respect to timing, anticipated benefits, and related matters, such as the Seller’s Note), anticipated benefits thereof, regulatory matters including the timing of, projections for, recovery through and anticipated benefits from the settlement of, rate cases and interim capital trackers for CenterPoint and its subsidiaries (as applicable), base rate growth and growth and economic development in CenterPoint’s service territories, CenterPoint’s ability to support economic growth, meet customer needs and improve customer experiences, Houston Electric’s release of its 15 large 27 megawatt (“MW”) to 32 MW temporary emergency electric energy facilities (“TEEEF”) units to the San Antonio area and its ability to complete one or more other future transactions involving various sizes of TEEEF units (including with respect to timing, filings related thereto, corresponding reductions in Houston Electric’s TEEEF fleet capacity, anticipated benefits including with respect to revenue generation, rates, expected market demand for the units, and related matters), the timing and extent of CenterPoint's recovery of costs and investments, electric demand growth in CenterPoint’s service territories (including forecasts and the drivers thereof, our ability to meet capacity needs related thereto, interconnection requests and projects related thereto and our ability to connect customers, the speed with which we can energize such projects and the charges and bills related to such projects, capital investment opportunities related thereto, the timing of investments related thereto, and anticipated benefits of such growth), transmission planning studies and anticipated results thereof, financing plans (including in relation to operating cash flow, capital recycling, and the need for, timing of, and anticipated benefits of any future equity or debt issuances, forward sales, and securitization, credit metrics and parent level debt), anticipated benefits of and timing relating to securitization issuances, preparation for weather conditions, CenterPoint’s 2.0% Zero-Premium Exchangeable Subordinated Notes due 2029 (“ZENS”) and impacts of the maturity of ZENS, CenterPoint’s credit health, tax structure and liability (including with respect to the Corporate Alternative Minimum Tax and guidance related thereto), balance sheet health, future financial condition, financial performance and results of operations, value creation, opportunities and expectations. We have based our forward-looking statements on our management’s beliefs and assumptions based on information currently available to our management at the time the statements are made. We caution you that assumptions, beliefs, expectations, intentions, and projections about future events may and often do vary materially from actual results. Therefore, we cannot assure you that actual results will not differ materially from those expressed or implied by our forward-looking statements. Each forward-looking statement contained in this news release or discussed on the earnings conference call speaks only as of the date of this release or the earnings conference call.


Some of the factors that could cause actual results to differ from those expressed or implied by our forward-looking information include, but are not limited to, risks and uncertainties relating to: (1) the business strategies and strategic initiatives, restructurings, joint ventures and acquisitions or dispositions of assets or businesses involving CenterPoint or its industry, including the ability to successfully complete such strategies, initiatives, transactions or plans on the timelines we expect or at all, such as the announced sale of our Ohio natural gas LDC business, which we cannot assure you will have the anticipated benefits to us; (2) industrial, commercial and residential growth in CenterPoint’s service territories and changes in market demand and energy consumption, including in relation to the expansion of data centers, energy refining and exports, advanced manufacturing and logistics, as well as the effects of energy efficiency measures, technological advances and demographic patterns, and our ability to appropriately estimate/forecast and effectively manage such demand and the business opportunities relating to such matters; (3) CenterPoint’s ability to fund and invest planned capital, and the timely recovery of its investments, including those related to CenterPoint’s 10-year capital plan; (4) the ability to execute and complete CenterPoint’s planned capital projects and programs, including those within CenterPoint’s 10-year capital plan, in a timely and cost-effective manner and within budget, obtain the anticipated benefits of such projects, and manage costs and impacts of such projects on customer affordability; (5) CenterPoint’s ability to successfully construct, operate, repair, maintain, replace and restart electric generating facilities, natural gas facilities, TEEEF and electric transmission facilities; (6) the timing and success of, and the ability to obtain approval for matters relating to, Houston Electric’s release of its large TEEEF units to the San Antonio area, proposed release of its medium TEEEF units, reduction of its TEEEF fleet capacity and reduction of rates to reflect the removal of the large and medium TEEEF units from Houston Electric’s TEEEF fleet, as well as the ability to complete one or more other future transactions involving the large and medium TEEEF units on acceptable terms and conditions within the anticipated timeframe; (7) financial market and general economic conditions, including access to debt and equity capital, economic uncertainty and volatility, inflation, potential for recession, interest rates, and their effect on sales, prices and costs; (8) disruptions to the global supply chain, labor shortages and scarcity of certain materials, including as a result of changes in U.S. and foreign trade policy and geopolitical and economic uncertainty; (9) actions by credit rating agencies, including any potential downgrades to credit ratings; (10) the timing and impact of regulatory proceedings and actions and legal proceedings, including those related to, among other things, Hurricane Beryl, Houston Electric’s TEEEF units and the February 2021 winter storm event, and requested or favorable adjustments to rates and approval of other requested items as part of base rate proceedings or interim rate mechanisms; (11) federal, state and local legislative, executive and regulatory actions or developments, including any actions resulting from Hurricane Beryl, pipeline integrity and safety, actions relating to our facilities and changes in regulation, legislation and governmental actions pertaining to the utility model, trade (including tariffs, bans, retaliatory trade measures taken against the United States or related government action), tax legislation and guidance (including further changes to or clarification of the One Big Beautiful Bill Act and the Inflation Reduction Act), the implementation of budget and spending cuts to federal government agencies and programs, effects of government shutdowns, and developments related to the environment; (12) the impact of public health threats; (13) severe weather events, natural disasters and other climate-related impacts, and CenterPoint’s ability to mitigate such impacts, including the approval and timing of securitization issuances; (14) damages to our network, facilities and systems, including as a result of wildfires; (15) changes in business plans; (16) changes to technology and our ability to anticipate, adapt to and implement technological changes and advances in and our ability to timely adopt, develop and deploy, artificial intelligence; (17) operations and maintenance costs, our ability to control such costs and cost-related impacts on the affordability of our rates for our customers; (18) CenterPoint’s ability to timely obtain and maintain necessary licenses, permits, easements and approvals from local, federal and other regulatory authorities on acceptable terms and resolve third-party challenges to such licenses, permits or approvals, as applicable; (19) CenterPoint’s ability to execute on its strategy, initiatives, targets and goals, including its energy transition goals and operations and maintenance goals; and (20) other factors discussed in CenterPoint’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, including under “Risk Factors,” “Cautionary Statements Regarding Forward-Looking Information” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Certain Factors Affecting Future Earnings” in such report and in other filings with the Securities and Exchange Commission (“SEC”) by CenterPoint, which can be found at www.centerpointenergy.com on the Investor Relations page or on the SEC website at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260218991391/en/
For more information contact


Media:

Communications

Media.Relations@CenterPointEnergy.com


Investors:

Ben Vallejo / Ellie Wood

Phone 713.207.6500


Original: CenterPoint Energy reports strong Q4 and FY 2025 results; updates its progress on load forecast; reiterates 2026 full year guidance