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v3.25.1

Reportable Segments | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Reportable Segments | Reportable Segments The Registrants’ determination of reportable segments considers the strategic operating units under which the CODM manages sales, allocates resources and assesses performance of various products and services to wholesale or retail customers in differing regulatory environments. As of March 31, 2025, reportable segments by Registrant and information about each Registrant’s CODM were as follows: CenterPoint Energy •CenterPoint Energy’s Electric reportable segment consists of electric transmission and distribution services in the Texas Gulf Coast area in the ERCOT region and electric transmission and distribution services primarily to southwestern Indiana and includes power generation and wholesale power operations in the MISO region. •CenterPoint Energy’s Natural Gas reportable segment consists of (i) intrastate natural gas sales to, and natural gas transportation and distribution for residential, commercial, and industrial customers in Indiana, Minnesota, Ohio and Texas; and (ii) permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through CEIP. •CenterPoint Energy’s Corporate and Other category consists of corporate support operations that support all of CenterPoint Energy’s business operations. CenterPoint Energy’s Corporate and Other also includes office buildings and other real estate used for business operations. CenterPoint Energy’s CODM, the President and Chief Executive Officer, evaluates performance for all of its reportable segments based on segment net income. The CODM uses segment net income to allocate resources as part of the budgeting and forecasting process as well as during periodic budget-to-actual reviews. Houston Electric •Houston Electric’s single reportable segment consists of electric transmission services to transmission service customers in the ERCOT region and distribution services to REPs serving the Texas Gulf Coast area that includes the city of Houston. Houston Electric’s CODM, the President and Chief Executive Officer, evaluates performance for its single reportable segment based on segment net income. The CODM uses segment net income to allocate resources as part of the budgeting and forecasting process as well as during periodic budget-to-actual reviews. CERC •CERC’s single reportable segment following the Restructuring and prior to the closing of the sale of the Louisiana and Mississippi natural gas LDC businesses on March 31, 2025 consisted of (i) intrastate natural gas sales to, and natural gas transportation and distribution for, residential, commercial, and industrial customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas; and (ii) permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through CEIP. CERC’s CODM, the President and Chief Executive Officer, evaluates performance for its single reportable segment based on segment net income. The CODM uses segment net income to allocate resources as part of the budgeting and forecasting process as well as during periodic budget-to-actual reviews. Expenditures for long-lived assets include property, plant and equipment. Intersegment sales are eliminated in consolidation, except as described in Note 4. Financial data for reportable segments is as follows: CenterPoint Energy
| Three Months Ended March 31, 2025 |  |  |  |  |  |  |
| Electric |  |  |  | Natural Gas |  | Corporate and Other |  |  |  | Total Reportable Segments |  | Eliminations |  | Total |  |  |  |  |  |  |
| (in millions) |  |  |  |  |  |  |
Revenues from external customers | $ | 1,066 |  |  |  |  | $ | 1,852 |  |  | $ | 2 |  |  |  |  | $ | 2,920 |  |  | $ | — |  |  | $ | 2,920 |  |  |  |  |  |  |  |
Intersegment revenues | — |  |  |  |  | 1 |  |  | — |  |  |  |  | 1 |  |  | (1) |  |  | — |  |  |  |  |  |  |  |
Utility natural gas, fuel and purchased power | 74 |  |  |  |  | 933 |  |  | — |  |  |  |  | 1,007 |  |  | (1) |  |  | 1,006 |  |  |  |  |  |  |  |
Non-utility cost of revenues, including natural gas | — |  |  |  |  | 1 |  |  | — |  |  |  |  | 1 |  |  | — |  |  | 1 |  |  |  |  |  |  |  |
Operation and maintenance expenses | 484 |  |  |  |  | 265 |  |  | (2) |  |  |  |  | 747 |  |  | — |  |  | 747 |  |  |  |  |  |  |  |
Depreciation and amortization | 210 |  |  |  |  | 147 |  |  | 6 |  |  |  |  | 363 |  |  | — |  |  | 363 |  |  |  |  |  |  |  |
Taxes other than income taxes | 78 |  |  |  |  | 74 |  |  | 2 |  |  |  |  | 154 |  |  | — |  |  | 154 |  |  |  |  |  |  |  |
Interest expense | 101 |  |  |  |  | 59 |  |  | 85 |  |  |  |  | 245 |  |  | (7) |  |  | 238 |  |  |  |  |  |  |  |
Income tax expense (benefit) | 25 |  |  |  |  | 105 |  |  | (49) |  |  |  |  | 81 |  |  | — |  |  | 81 |  |  |  |  |  |  |  |
Interest income (1) | (4) |  |  |  |  | (2) |  |  | (7) |  |  |  |  | (13) |  |  | 7 |  |  | (6) |  |  |  |  |  |  |  |
Other expense (income), net (2) | (10) |  |  |  |  | 43 |  |  | 6 |  |  |  |  | 39 |  |  | — |  |  | 39 |  |  |  |  |  |  |  |
Net income (loss) | $ | 108 |  |  |  |  | $ | 228 |  |  | $ | (39) |  |  |  |  | $ | 297 |  |  | $ | — |  |  | $ | 297 |  |  |  |  |  |  |  |
| Three Months Ended March 31, 2024 |  |  |  |  |  |  |
| Electric |  |  |  | Natural Gas |  | Corporate and Other |  |  |  | Total Reportable Segments |  | Eliminations |  | Total |  |  |  |  |  |  |
| (in millions) |  |  |  |  |  |  |
Revenues from external customers | $ | 1,049 |  |  |  |  | $ | 1,570 |  |  | $ | 1 |  |  |  |  | $ | 2,620 |  |  | $ | — |  |  | $ | 2,620 |  |  |  |  |  |  |  |
Utility natural gas, fuel and purchased power | 43 |  |  |  |  | 744 |  |  | — |  |  |  |  | 787 |  |  | — |  |  | 787 |  |  |  |  |  |  |  |
Non-utility cost of revenues, including natural gas | — |  |  |  |  | 1 |  |  | — |  |  |  |  | 1 |  |  | — |  |  | 1 |  |  |  |  |  |  |  |
Operation and maintenance expenses | 475 |  |  |  |  | 234 |  |  | — |  |  |  |  | 709 |  |  | — |  |  | 709 |  |  |  |  |  |  |  |
Depreciation and amortization | 226 |  |  |  |  | 132 |  |  | 5 |  |  |  |  | 363 |  |  | — |  |  | 363 |  |  |  |  |  |  |  |
Taxes other than income taxes | 78 |  |  |  |  | 65 |  |  | 1 |  |  |  |  | 144 |  |  | — |  |  | 144 |  |  |  |  |  |  |  |
Interest expense | 91 |  |  |  |  | 51 |  |  | 69 |  |  |  |  | 211 |  |  | (7) |  |  | 204 |  |  |  |  |  |  |  |
Income tax expense (benefit) | 31 |  |  |  |  | 63 |  |  | (16) |  |  |  |  | 78 |  |  | — |  |  | 78 |  |  |  |  |  |  |  |
Interest income (1) | (5) |  |  |  |  | — |  |  | (2) |  |  |  |  | (7) |  |  | 7 |  |  | — |  |  |  |  |  |  |  |
Other income, net (2) | (11) |  |  |  |  | (3) |  |  | (2) |  |  |  |  | (16) |  |  | — |  |  | (16) |  |  |  |  |  |  |  |
Net income (loss) | $ | 121 |  |  |  |  | $ | 283 |  |  | $ | (54) |  |  |  |  | $ | 350 |  |  | $ | — |  |  | $ | 350 |  |  |  |  |  |  |  |
(1) Interest income from Securitization Bonds of less than $1 million and $1 million for the three months ended March 31, 2025 and 2024, respectively, is included in Other income (expense), net on CenterPoint Energy’s Statements of Consolidated Income. (2) Other income (expense), net primarily includes AFUDC equity, non-service cost for pension and postretirement benefits, Gain (loss) on equity securities, Gain (loss) on indexed debt securities and Loss on sale.
|  |  |  | Expenditures for Long-lived Assets
|  |  |  |  |  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2025 |  | 2024
|  |  |  |  |  | (in millions)
Electric |  |  |  |  |  |  |  | $ | 971 |  |  | $ | 507 |
Natural Gas |  |  |  |  |  |  |  | 363 |  |  | 303 |
Corporate and Other, net of eliminations |  |  |  |  |  |  |  | 6 |  |  | 1 |
Consolidated |  |  |  |  |  |  |  | $ | 1,340 |  |  | $ | 811 |
| Total Assets
| March 31, 2025 |  | December 31, 2024
| (in millions)
Electric | $ | 24,605 |  |  | $ | 23,936 |
Natural Gas | 18,299 |  |  | 18,583 |
Corporate and Other, net of eliminations (1) | 1,582 |  |  | 1,249 |
Consolidated | $ | 44,486 |  |  | $ | 43,768 |
(1)Total assets included pension and other postemployment-related regulatory assets of $378 million and $384 million as of March 31, 2025 and December 31, 2024, respectively. Houston Electric Houston Electric consists of a single reportable segment. For financial data related to income and expenses for the single reportable segment, see Houston Electric’s Statements of Consolidated Income. For financial data related to segment total assets, see Houston Electric’s Consolidated Balance Sheets. Financial data related to interest income and expenditures for long-lived assets is as follows:
| Three Months Ended March 31,
| 2025 |  | 2024
| (in millions)
Interest income (1) | $ | 2 |  |  | $ | 4 |
Expenditures for long-lived assets | 579 |  |  | 453 |
(1)Reflected in Other income, net on Houston Electric’s Statements of Consolidated Income. CERC CERC consists of a single reportable segment. For financial data related to income and expenses for the single reportable segment, see CERC’s Statements of Consolidated Income. For financial data related to segment total assets, see CERC’s Consolidated Balance Sheets. Financial data related to interest income and expenditures for long-lived assets is as follows:
| Three Months Ended March 31,
| 2025 |  | 2024
| (in millions)
Interest income (1) | $ | 1 |  |  | $ | — |
Expenditures for long-lived assets | 291 |  |  | 292 |
(1)Reflected in Other income, net on CERC’s Statements of Consolidated Income.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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