CenterPoint Energy, Inc. (NYSE:CNP) Q2 2023 Earnings Conference Call July 27, 2023 8:00 AM ET Company Participants Jackie Richert - Vice President, Investor Relations and Treasurer Dave Lesar - Chief Executive Officer Jason Wells - President and COO Chris Foster - Chief Financial Officer Conference Call Participants Jeremy Tonet - J.P. Morgan Securities LLC Anthony Crowdell - Mizuho Securities Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Bank of America David Arcaro - Morgan Stanley Durgesh C ...

| --- | --- | --- | |-------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------| | CNP Value | Long-Term Plan Deliverables | Progress | | Proposition | Delivered non-GAAP EPS (1) of $0.28 in Q2 2023 despite higher interest rate environment, milder weather and continued inflationary pre ...

(7) Derivative Instruments The Registrants are exposed to various market risks. These risks arise from transactions entered into in the normal course of business. The Registrants utilize derivative instruments such as swaps and options to mitigate the impact of changes in commodity prices, weather and interest rates on operating results and cash flows. (a) Non-Trading Activities Commodity Derivative Instruments (CenterPoint Energy and CERC). CenterPoint Energy and CERC, through the Indiana Utilities they re ...

Generation Project Timeline universal solar wind Add universal solar IRP = Integrated Resource Plan MW = Megawatt 12 Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Total Debt, Net Indexed debt, net 6 VIE Securitization bonds, net 161 Net cash provided by operating activities / total debt, net = 17.8% 18 Continuing to execute on our path to PREMIUM FIRST QUARTER 2023 INVESTOR UPDATE April 27, 2023 Caut ...

CenterPoint Energy, Inc. (NYSE:CNP) Q1 2023 Earnings Conference Call April 27, 2023 8:00 AM ET Company Participants Jackie Richert - Vice President, Investor Relations and Treasurer Dave Lesar - Chief Executive Officer Jason Wells - President and COO Chris Foster - Incoming Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim James Thalacker - BMO Julien Dumoulin-Smith - Bank of America Jeremy Tonet - J.P. Morgan Operator Good morning. And welcome to the CenterPoint Energy’s First ...

(Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________________ TO __________________ CenterPoint Energy, Inc. (Exact name of registrant as specified in its charter) Houston 77002 (ZipCode) Commission file number 1-3187 Commission file number 1-13265 Houston | --- | --- | --- | --- | ...

Note: Refer to slide 2 for information on forward-looking statements and slide 22 for information on non-GAAP Utility EPS and non-GAAP EPS assumptions and non-GAAP measures. (1) Refer to slide 16 and slide 18 for reconciliation of non-GAAP measures to GAAP measures. (2) Refer to slide 18 and 19 of the non-GAAP to GAAP reconciliation tables for Midstream related earnings which includes the effect of share dilution and associated allocation of Corporate & Other based upon relative earnings contribution. Repor ...

CenterPoint Energy, Inc. (NYSE:CNP) Q4 2022 Earnings Conference Call February 17, 2023 8:00 AM ET Company Participants Jackie Richert - Vice President, Investor Relations and Treasurer David Lesar - Chief Executive Officer Jason Wells - President & Chief Operating Officer Conference Call Participants Shahriar Pourreza - Guggenheim Partners Nick Campanella - Credit Suisse Steve Fleishman - Wolfe Research Jeremy Tonet - JPMorgan Durgesh Chopra - Evercore ISI Operator Good morning, and welcome to CenterPoint E ...

Substantially all of CenterPoint Energy's and CERC's Natural Gas is subject to cost-of-service rate regulation by the relevant state public utility commissions and, in Texas, by those municipalities that have retained original jurisdiction. In certain of the jurisdictions in which they operate, CenterPoint Energy's and CERC's Natural Gas has annual rate adjustment mechanisms that provide for changes in rates dependent upon certain changes in invested capital, earned returns on equity or actual margins reali ...

Financial Data and Key Metrics Changes - The company reported a non-GAAP EPS of $0.32 for Q3 2022, up from $0.25 in the same period of 2021, reflecting a growth driven by rate recovery and favorable weather conditions [56][57] - Full year 2022 non-GAAP EPS guidance is reiterated at $1.37 to $1.39, representing a 9% growth rate at the midpoint compared to 2021 [51][56] - For 2023, the company initiated non-GAAP EPS guidance of $1.48 to $1.50, indicating an additional 8% growth over the previously raised 2022 guidance [15][61] Business Line Data and Key Metrics Changes - The company has achieved industry-leading non-GAAP EPS growth for 10 consecutive quarters, with a commitment to continue this trend [11][51] - Approximately 95% of earnings are now derived from regulated utility operations following the divestment of midstream investments [12] Market Data and Key Metrics Changes - The Houston area is experiencing over 2% annual population growth, contributing to the company's growth prospects [21] - The Port of Houston is the largest U.S. port by waterborne tonnage, further enhancing the economic environment in which the company operates [23] Company Strategy and Development Direction - The company is focused on becoming a pure-play regulated utility, with a strategic plan to invest $40 billion over 10 years, now increased by an additional $2.3 billion [17][63] - Customer-driven investments are aimed at enhancing system resiliency, reliability, and facilitating EV adoption [19][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving industry-leading growth despite potential headwinds, emphasizing a strong track record of execution [53][88] - The company is taking a prudent approach to capital investments, ensuring that they can be efficiently executed and funded without reliance on external equity [46][73] Other Important Information - The company has identified $3 billion in additional capital opportunities for future investments, which will be evaluated for inclusion in the capital plan [35][52] - The company expects to reduce O&M costs by 1% to 2% annually over the next 10 years, contributing to overall affordability for customers [45][46] Q&A Session Summary Question: Insights on CFO search - The company is casting a wide net for the CFO position, looking for strong candidates across the public sphere in the U.S. [90] Question: Structure and timing of the $3 billion incremental opportunities - The management emphasized their track record in identifying and executing capital opportunities efficiently, indicating that the $3 billion will be integrated into the plan as confidence in execution grows [91][92] Question: Clarification on capital expenditures and earnings power - Management confirmed that they would not spend on capital unless they are confident it will be recovered, highlighting strong capital recovery mechanisms [99][100] Question: Strategy on asset sales - The strategy remains unchanged, focusing on efficient funding sources rather than asset sales, which are not currently needed [105][106] Question: Timing for updating long-term growth rates - Management indicated that updates on long-term growth rates will be provided after resolving upcoming rate cases, with confidence that capital investments will enhance earnings power [111][112]