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v3.25.2

Reportable Segments (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial data for reportable segments is as follows: CenterPoint Energy
| Three Months Ended June 30, 2025 |  |  |  |  |  |  |
| Electric |  |  |  | Natural Gas |  | Corporate and Other |  |  |  | Total Reportable Segments |  | Eliminations |  | Total |  |  |  |  |  |  |
| (in millions) |  |  |  |  |  |  |
Revenues from external customers | $ | 1,191 |  |  |  |  | $ | 750 |  |  | $ | 3 |  |  |  |  | $ | 1,944 |  |  | $ | — |  |  | $ | 1,944 |  |  |  |  |  |  |  |
Intersegment revenues | — |  |  |  |  | 1 |  |  | — |  |  |  |  | 1 |  |  | (1) |  |  | — |  |  |  |  |  |  |  |
Utility natural gas, fuel and purchased power | 65 |  |  |  |  | 236 |  |  | — |  |  |  |  | 301 |  |  | (1) |  |  | 300 |  |  |  |  |  |  |  |
Non-utility cost of revenues, including natural gas | — |  |  |  |  | 2 |  |  | — |  |  |  |  | 2 |  |  | — |  |  | 2 |  |  |  |  |  |  |  |
Operation and maintenance expenses | 523 |  |  |  |  | 195 |  |  | (3) |  |  |  |  | 715 |  |  | — |  |  | 715 |  |  |  |  |  |  |  |
Depreciation and amortization | 230 |  |  |  |  | 137 |  |  | 3 |  |  |  |  | 370 |  |  | — |  |  | 370 |  |  |  |  |  |  |  |
Taxes other than income taxes | 80 |  |  |  |  | 56 |  |  | 4 |  |  |  |  | 140 |  |  | — |  |  | 140 |  |  |  |  |  |  |  |
Interest expense | 106 |  |  |  |  | 43 |  |  | 60 |  |  |  |  | 209 |  |  | (14) |  |  | 195 |  |  |  |  |  |  |  |
Income tax expense | 41 |  |  |  |  | 11 |  |  | 3 |  |  |  |  | 55 |  |  | — |  |  | 55 |  |  |  |  |  |  |  |
Interest income (1) | (7) |  |  |  |  | (10) |  |  | 3 |  |  |  |  | (14) |  |  | 14 |  |  | — |  |  |  |  |  |  |  |
Other income, net (2) | (18) |  |  |  |  | (5) |  |  | (8) |  |  |  |  | (31) |  |  | — |  |  | (31) |  |  |  |  |  |  |  |
Net income (loss) | $ | 171 |  |  |  |  | $ | 86 |  |  | $ | (59) |  |  |  |  | $ | 198 |  |  | $ | — |  |  | $ | 198 |  |  |  |  |  |  |  |
| Six Months Ended June 30, 2025 |  |  |  |  |  |  |
| Electric |  |  |  | Natural Gas |  | Corporate and Other |  |  |  | Total Reportable Segments |  | Eliminations |  | Total |  |  |  |  |  |  |
| (in millions) |  |  |  |  |  |  |
Revenues from external customers | $ | 2,257 |  |  |  |  | $ | 2,602 |  |  | $ | 5 |  |  |  |  | $ | 4,864 |  |  | $ | — |  |  | $ | 4,864 |  |  |  |  |  |  |  |
Intersegment revenues | — |  |  |  |  | 2 |  |  | — |  |  |  |  | 2 |  |  | (2) |  |  | — |  |  |  |  |  |  |  |
Utility natural gas, fuel and purchased power | 139 |  |  |  |  | 1,169 |  |  | — |  |  |  |  | 1,308 |  |  | (2) |  |  | 1,306 |  |  |  |  |  |  |  |
Non-utility cost of revenues, including natural gas | — |  |  |  |  | 3 |  |  | — |  |  |  |  | 3 |  |  | — |  |  | 3 |  |  |  |  |  |  |  |
Operation and maintenance expenses | 1,007 |  |  |  |  | 460 |  |  | (5) |  |  |  |  | 1,462 |  |  | — |  |  | 1,462 |  |  |  |  |  |  |  |
Depreciation and amortization | 440 |  |  |  |  | 284 |  |  | 9 |  |  |  |  | 733 |  |  | — |  |  | 733 |  |  |  |  |  |  |  |
Taxes other than income taxes | 158 |  |  |  |  | 130 |  |  | 6 |  |  |  |  | 294 |  |  | — |  |  | 294 |  |  |  |  |  |  |  |
Interest expense | 207 |  |  |  |  | 102 |  |  | 145 |  |  |  |  | 454 |  |  | (21) |  |  | 433 |  |  |  |  |  |  |  |
Income tax expense (benefit) | 66 |  |  |  |  | 116 |  |  | (46) |  |  |  |  | 136 |  |  | — |  |  | 136 |  |  |  |  |  |  |  |
Interest income (1) | (11) |  |  |  |  | (10) |  |  | — |  |  |  |  | (21) |  |  | 21 |  |  | — |  |  |  |  |  |  |  |
Other expense (income), net (2) | (28) |  |  |  |  | 36 |  |  | (6) |  |  |  |  | 2 |  |  | — |  |  | 2 |  |  |  |  |  |  |  |
Net income (loss) | $ | 279 |  |  |  |  | $ | 314 |  |  | $ | (98) |  |  |  |  | $ | 495 |  |  | $ | — |  |  | $ | 495 |  |  |  |  |  |  |  |
| Three Months Ended June 30, 2024 |  |  |  |  |  |  |
| Electric |  |  |  | Natural Gas |  | Corporate and Other |  |  |  | Total Reportable Segments |  | Eliminations |  | Total |  |  |  |  |  |  |
| (in millions) |  |  |  |  |  |  |
Revenues from external customers | $ | 1,207 |  |  |  |  | $ | 695 |  |  | $ | 3 |  |  |  |  | $ | 1,905 |  |  | $ | — |  |  | $ | 1,905 |  |  |  |  |  |  |  |
Utility natural gas, fuel and purchased power | 50 |  |  |  |  | 183 |  |  | — |  |  |  |  | 233 |  |  | — |  |  | 233 |  |  |  |  |  |  |  |
Operation and maintenance expenses | 497 |  |  |  |  | 189 |  |  | (8) |  |  |  |  | 678 |  |  | — |  |  | 678 |  |  |  |  |  |  |  |
Depreciation and amortization | 237 |  |  |  |  | 142 |  |  | 7 |  |  |  |  | 386 |  |  | — |  |  | 386 |  |  |  |  |  |  |  |
Taxes other than income taxes | 77 |  |  |  |  | 61 |  |  | 3 |  |  |  |  | 141 |  |  | — |  |  | 141 |  |  |  |  |  |  |  |
Interest expense | 97 |  |  |  |  | 61 |  |  | 69 |  |  |  |  | 227 |  |  | (10) |  |  | 217 |  |  |  |  |  |  |  |
Income tax expense (benefit) | 47 |  |  |  |  | 16 |  |  | (30) |  |  |  |  | 33 |  |  | — |  |  | 33 |  |  |  |  |  |  |  |
Interest income (1) | (6) |  |  |  |  | (1) |  |  | (3) |  |  |  |  | (10) |  |  | 10 |  |  | — |  |  |  |  |  |  |  |
Other income, net (2) | (7) |  |  |  |  | (3) |  |  | (1) |  |  |  |  | (11) |  |  | — |  |  | (11) |  |  |  |  |  |  |  |
Net income (loss) | $ | 215 |  |  |  |  | $ | 47 |  |  | $ | (34) |  |  |  |  | $ | 228 |  |  | $ | — |  |  | $ | 228 |  |  |  |  |  |  |  |
| Six Months Ended June 30, 2024 |  |  |  |  |  |  |
| Electric |  |  |  | Natural Gas |  | Corporate and Other |  |  |  | Total Reportable Segments |  | Eliminations |  | Total |  |  |  |  |  |  |
| (in millions) |  |  |  |  |  |  |
Revenues from external customers | $ | 2,256 |  |  |  |  | $ | 2,265 |  |  | $ | 4 |  |  |  |  | $ | 4,525 |  |  | $ | — |  |  | $ | 4,525 |  |  |  |  |  |  |  |
Utility natural gas, fuel and purchased power | 93 |  |  |  |  | 927 |  |  | — |  |  |  |  | 1,020 |  |  | — |  |  | 1,020 |  |  |  |  |  |  |  |
Non-utility cost of revenues, including natural gas | — |  |  |  |  | 1 |  |  | — |  |  |  |  | 1 |  |  | — |  |  | 1 |  |  |  |  |  |  |  |
Operation and maintenance expenses | 972 |  |  |  |  | 423 |  |  | (8) |  |  |  |  | 1,387 |  |  | — |  |  | 1,387 |  |  |  |  |  |  |  |
Depreciation and amortization | 463 |  |  |  |  | 274 |  |  | 12 |  |  |  |  | 749 |  |  | — |  |  | 749 |  |  |  |  |  |  |  |
Taxes other than income taxes | 155 |  |  |  |  | 126 |  |  | 4 |  |  |  |  | 285 |  |  | — |  |  | 285 |  |  |  |  |  |  |  |
Interest expense | 188 |  |  |  |  | 112 |  |  | 138 |  |  |  |  | 438 |  |  | (17) |  |  | 421 |  |  |  |  |  |  |  |
Income tax expense (benefit) | 78 |  |  |  |  | 79 |  |  | (46) |  |  |  |  | 111 |  |  | — |  |  | 111 |  |  |  |  |  |  |  |
Interest income (1) | (11) |  |  |  |  | (1) |  |  | (5) |  |  |  |  | (17) |  |  | 17 |  |  | — |  |  |  |  |  |  |  |
Other income, net (2) | (18) |  |  |  |  | (6) |  |  | (3) |  |  |  |  | (27) |  |  | — |  |  | (27) |  |  |  |  |  |  |  |
Net income (loss) | $ | 336 |  |  |  |  | $ | 330 |  |  | $ | (88) |  |  |  |  | $ | 578 |  |  | $ | — |  |  | $ | 578 |  |  |  |  |  |  |  |
(1) Interest income from Securitization Bonds of less than $1 million and $1 million for the three months ended June 30, 2025 and 2024, respectively, and less than $1 million and $2 million for the six months ended June 30, 2025 and 2024, respectively, is included in Other income (expense), net on CenterPoint Energy’s Statements of Consolidated Income. (2) Amount 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
|  |  |  |  |  | Six Months Ended June 30,
|  |  |  |  |  |  |  | 2025 |  | 2024
|  |  |  | (in millions)
Electric |  |  |  |  |  |  |  | $ | 1,716 |  |  | $ | 951 |
Natural Gas |  |  |  |  |  |  |  | 696 |  |  | 712 |
Corporate and Other |  |  |  |  |  |  |  | 18 |  |  | 7 |
Consolidated |  |  |  |  |  |  |  | $ | 2,430 |  |  | $ | 1,670 |
| Total Assets
| June 30, 2025 |  | December 31, 2024
| (in millions)
Electric | $ | 25,231 |  |  | $ | 23,936 |
Natural Gas | 17,090 |  |  | 18,583 |
Corporate and Other (1) | 1,778 |  |  | 1,249 |
Consolidated | $ | 44,099 |  |  | $ | 43,768 |
(1)Total assets included pension and other postemployment-related regulatory assets of $372 million and $384 million as of June 30, 2025 and December 31, 2024, respectively. Financial data related to interest income is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in millions) |  | (in millions)
Interest income (1) | $ | 7 |  |  | $ | 7 |  |  | $ | 9 |  |  | $ | 11 |
(1)Reflected in Other income, net on Houston Electric’s Statements of Consolidated Income.Financial data related to interest income is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in millions) |  | (in millions)
Interest income (1) | $ | 9 |  |  | $ | 1 |  |  | $ | 10 |  |  | $ | 1 |
(1)Reflected in Other income, net on CERC’s Statements of Consolidated Income.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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