10-KPeriod: FY2025

CENTERPOINT ENERGY INC Annual Report, Year Ended Dec 31, 2025

Filed February 19, 2026For Securities:CNP

Summary

CenterPoint Energy, Inc. (CNP) reported solid financial results for the fiscal year ended December 31, 2025, with net income available to common shareholders increasing by $33 million to $1,052 million. This growth was driven by improved performance in both the Electric and Natural Gas segments. The company continues to execute its updated 10-year capital plan, now totaling approximately $65.5 billion through 2035, focused on enhancing system reliability, safety, and customer experience, while also anticipating significant load growth, particularly in its Texas service territories. Key strategic initiatives included ongoing efforts to manage regulatory landscapes, with a significant portion of the rate base undergoing rate cases or subject to capital recovery trackers, providing some stability. The company also advanced its divestiture strategy by completing the sale of its Louisiana and Mississippi natural gas LDC businesses and entered into an agreement to sell its Ohio natural gas LDC business, expected to close in late 2026. These strategic moves are intended to streamline operations and support future investments. However, the company faces significant risks, including disruptions in global supply chains, inflation, labor shortages, regulatory uncertainties, and the potential impacts of severe weather events and climate change. Management is actively monitoring these risks and implementing strategies to mitigate their effects while pursuing growth opportunities.

Financial Highlights

49 data points
Beta

Revenue

$9.36B

100.0% Gross Margin

Net Income

$1.05B

11.2% Net Margin

EPS (Diluted)

$1.60

Total Assets

$46.53B

Cash & Equivalents

$38.00M

Free Cash Flow

-$2.38B

Financial Statements
Beta
Revenue$9.36B
Cost of Revenue$4.00M
Gross Profit$9.35B
Operating Expenses$7.25B
Operating Income$2.11B
Net Income$1.05B
EPS (Basic)$1.61
EPS (Diluted)$1.60
Shares Outstanding (Basic)652.67M
Shares Outstanding (Diluted)655.65M

Key Highlights

  • 1Net income available to common shareholders increased by $33 million to $1,052 million for the year ended December 31, 2025.
  • 2The company updated its 10-year capital plan to approximately $65.5 billion through 2035, focusing on infrastructure improvements and system reliability.
  • 3Completed the sale of Louisiana and Mississippi natural gas LDC businesses and entered into an agreement to sell the Ohio natural gas LDC business, expected to close in Q4 2026.
  • 4Anticipates significant electric demand growth, especially in Texas, with peak load forecast to increase by nearly 50% by 2029.
  • 5Significant portion of the rate base is subject to rate cases or capital recovery trackers, providing regulatory clarity through 2029.
  • 6Faces risks from supply chain disruptions, inflation, labor shortages, and regulatory/environmental matters, which are being managed through various strategies.
  • 7Operates under a holding company structure, with primary subsidiaries Houston Electric and CERC contributing to overall financial performance.

Frequently Asked Questions

CenterPoint Energy reported a net income available to common shareholders of $1,052 million for the year ended December 31, 2025, an increase of $33 million compared to the previous year. This improvement was driven by stronger performance in both the Electric and Natural Gas segments.

CenterPoint Energy is executing its updated 10-year capital plan, totaling approximately $65.5 billion through 2035, to enhance infrastructure reliability and safety. Additionally, the company is strategically divesting certain non-core natural gas assets, having completed the sale of its Louisiana and Mississippi businesses and agreeing to sell its Ohio natural gas LDC business, to focus on its core utility operations and fund future investments.

The company faces several risks including, but not limited to, disruptions in the global supply chain, inflationary pressures, labor shortages, scarcity of materials, regulatory and environmental uncertainties, potential impacts from severe weather events and climate change, and the need to manage operational risks associated with aging infrastructure and cybersecurity threats. Management is actively addressing these through various risk mitigation strategies.

CenterPoint Energy anticipates significant load growth, especially in its Texas service territories, driven by factors like data centers, energy refining, and advanced manufacturing. The company is investing heavily in its capital plan to support this growth and ensure system reliability and capacity to meet future demand.