Financial Performance - Delivered $0.45 non-GAAP EPS for Q4 2025 and $1.76 non-GAAP EPS for FY 2025, targeting top decile annual growth for 2025[10] - Consolidated net income for the three months ended December 31, 2025, was $8264 million with a diluted EPS of $0.40 on a GAAP basis[51] - Non-GAAP consolidated income for the same period was $295 million, resulting in a diluted EPS of $0.45[51] - For the twelve months ended December 31, 2025, consolidated net income was $1052 million, with a diluted EPS of $1.60 on a GAAP basis[55] - Non-GAAP consolidated income for the twelve months was $1155 million, leading to a diluted EPS of $1.76[55] - The company reported a net impact of $60 million from mergers and divestitures for the twelve months ended December 31, 2025, contributing $0.09 to diluted EPS[55] - For the three months ended December 31, 2024, consolidated net income was $248 million, with a diluted EPS of $0.38 on a GAAP basis[53] - Non-GAAP consolidated income for the same period was $259 million, resulting in a diluted EPS of $0.40[53] - The company experienced a net loss of $56 million from indexed debt securities for the three months ended December 31, 2025, impacting diluted EPS by $(0.09)[51] - The twelve months ended December 31, 2024, showed a consolidated net income of $1019 million, with a diluted EPS of $1.58 on a GAAP basis[57] - The company reported a total of $40 million in gains from equity securities for the twelve months ended December 31, 2025, contributing $0.06 to diluted EPS[55] Capital Investment and Growth - 10-year capital investment plan of approximately $65.5 billion through 2035, with at least $10 billion of incremental capital investments to enhance economic growth and customer outcomes[10] - Expected 11%+ rate base growth through 2030, with 65% of investments funded by operating cash flow over the life of the plan[7] - Annual non-GAAP EPS growth target of 7-9% through 2035, with expectations to be in the mid-to-high end of the range for 2026-2028[10] - Planned ~$3 billion of equity issuances from 2028 through 2035, with no anticipated incremental equity needs through 2027[10] - The capital investment plan includes approximately $22.4 billion for Electric and $10.6 billion for Natural Gas from 2026 to 2030[24] - The projected capital expenditures for the Electric Transmission function from 2026 to 2035 are estimated at $18.8 billion[43] - Total capital expenditures for FY 2025 are projected to be around $5.4 billion, up from the previous estimate of $5.3 billion[24] Operational Efficiency and Initiatives - Achieved 13.8% TTM FFO/Debt ratio for Q4 2025, maintaining a long-term target of 100-150bps cushion above the downgrade threshold[10] - Executed five rate cases representing over 85% of rate base in the last two years, with approved revenue requests totaling $60.8 million for 2024 and $42.7 million for 2025[18] - Continued execution of the Greater Houston Resiliency Initiative, resulting in a reduction of 100 million outage minutes and a 50% reduction in vegetation-related outages compared to FY 2024[10] - Targeting 1-2% annual O&M reductions on average through 2035 to keep rates affordable[10] - Electric transmission investments focus on resiliency and grid modernization, including a downtown Houston revitalization project[26] Cash Flow and Debt Management - Net cash provided by operating activities is projected to increase from $2,139 million in YE 2024 to $2,486 million in YE 2025, representing a growth of 16.2%[65] - Adjusted cash from operations is expected to rise from $1,983 million in YE 2024 to $2,561 million in YE 2025, an increase of 29.1%[65] - Non-GAAP funds from operations (FFO) are forecasted to grow from $2,010 million in YE 2024 to $2,692 million in YE 2025, reflecting a 33.9% increase[65] - Total debt, net is anticipated to increase from $20,963 million in YE 2024 to $22,980 million in YE 2025, a rise of 9.6%[66] - Non-GAAP rating agency adjusted debt is projected to grow from $20,686 million in YE 2024 to $21,612 million in YE 2025, an increase of 4.5%[65] - Unadjusted EBITDA is expected to increase from $3,429 million in YE 2024 to $3,640 million in YE 2025, a growth of 6.1%[66] - FFO/Debt (S&P) is projected to improve from 12.0% in YE 2024 to 12.4% in YE 2025[66] - The ratio of net cash provided by operating activities to total debt, net is expected to rise from 10.2% in YE 2024 to 10.8% in YE 2025[65] - CNP adjustments to FFO for one-time items are projected to decrease significantly from $563 million in YE 2024 to $120 million in YE 2025[65] - CNP adjustments to debt for one-time items are expected to improve from -$1,707 million in YE 2024 to -$1,270 million in YE 2025[65] Future Outlook and Strategic Initiatives - The company provided a future outlook, projecting a revenue growth of B% for the next fiscal year[75] - New product launches are expected to contribute an additional $C million in revenue, with a focus on innovative technology[76] - The company is expanding its market presence in region D, aiming for a market share increase of E%[77] - A recent acquisition is anticipated to enhance operational efficiency and is expected to generate $F million in synergies[73] - The company has allocated $G million for R&D in new technologies, emphasizing sustainability and energy transition[74] - The gross margin improved to H%, reflecting better cost management and pricing strategies[75] - The company has set a performance guidance of I% growth in net income for the upcoming quarter[76] - The impact of recent regulatory changes is expected to affect the company's tax expenses by approximately $J million[77]

Debt Obligations - CenterPoint Energy's floating rate obligations totaled $1.5 billion as of December 31, 2025, with a potential annual interest expense increase of approximately $15 million if rates rise by 100 basis points [452]. - The company had outstanding fixed-rate debt of $21.7 billion as of December 31, 2025, with a fair value increase of approximately $800 million if interest rates decline by 10% [455]. - Houston Electric's fixed-rate debt amounted to $9.7 billion, with a fair value increase of approximately $400 million if interest rates decline by 10% [456]. - CERC's fixed-rate debt was $4.2 billion, with a potential fair value increase of approximately $120 million if interest rates decline by 10% [457]. Equity Market Value Risk - CenterPoint Energy's equity market value risk includes ownership of 10.2 million shares of AT&T, with a potential net loss of less than $1 million if the market value decreases by 10% [460]. Commodity Price Risk - The company is exposed to commodity price risk during severe weather events, which may increase costs that regulators might resist recovering [461]. - CenterPoint Energy's regulated operations in Indiana have limited exposure to commodity price risk due to state regulations allowing cost recovery through adjustment mechanisms [462]. Capital and Financial Risks - The company has a 10-year capital plan that is subject to substantial risks, which could materially affect its financial condition if not executed as planned [32]. - CenterPoint Energy's ability to pay dividends on its common stock may be adversely affected by various risk factors, including operational disruptions and regulatory challenges [31]. - The company is involved in numerous legal proceedings, with uncertain outcomes that could negatively impact its financial results [37].

Core Insights - CenterPoint Energy (CNP) is expected to report quarterly earnings of $0.46 per share, a 15% increase year-over-year, with revenues projected at $2.33 billion, reflecting a 2.9% year-over-year increase [1]. Earnings Estimates - There has been no revision in the consensus EPS estimate for the quarter over the last 30 days, indicating stability in analysts' forecasts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [3]. Revenue Projections - Analysts project 'Revenues- Electric Transmission and Distribution' to reach $1.15 billion, indicating a year-over-year increase of 5.5% [5]. - 'Revenues- Natural Gas Distribution' is forecasted to be $1.20 billion, reflecting a 2.6% year-over-year increase [5]. - 'Revenues- Utility' is expected to reach $2.31 billion, also suggesting a 2.6% year-over-year increase [5]. Operating Income Estimates - The average estimate for 'Operating Income / (loss)- Natural Gas Distribution' is $300.31 million, up from $275.00 million year-over-year [6]. - The consensus estimate for 'Operating Income / (loss)- Electric Transmission and Distribution' is $317.31 million, compared to $215.00 million from the previous year [6]. Stock Performance - Over the past month, shares of CenterPoint have increased by 6%, while the Zacks S&P 500 composite has decreased by 2% [6]. - Currently, CNP holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the overall market in the near future [6].

Core Insights - CenterPoint Energy has launched a new Community Progress Tracker to enhance transparency and allow customers to monitor electric grid upgrades in Greater Houston [1] - The initiative is part of the Greater Houston Resiliency Initiative (GHRI), aimed at strengthening the electric grid against severe weather events [1] Group 1: Community Progress Tracker - The Community Progress Tracker provides access to information on over 56,000 new storm-resilient poles, more than 8,000 miles of tree-trimming, and over 500 new automation devices since August 1, 2024 [1] - The tool allows customers to view upgrades specific to their neighborhoods, including storm-resilient poles, underground power lines, and advanced grid technologies [1] - Future features of the tracker will enable customers to monitor ongoing and upcoming resiliency projects in their areas [1] Group 2: Greater Houston Resiliency Initiative (GHRI) - GHRI is a multi-year program focused on improving the reliability and resiliency of the electric grid [1] - Since August 2024, CenterPoint has deployed 1,500 advanced weather stations, installed over 500 automation devices, trimmed vegetation along more than 8,000 miles of distribution lines, and undergrounded over 430 miles of power lines [1] - The initiative aims to build the most resilient coastal grid in the nation, with a comprehensive approach to infrastructure hardening [1] Group 3: Company Overview - CenterPoint Energy serves approximately 7 million metered customers across multiple states, including Texas, and has approximately $45 billion in assets as of September 30, 2025 [1] - The company has been in operation for over 150 years and employs around 8,300 individuals [1]

Core Insights - Resilient Structures (RS) has entered a long-term supply agreement with CenterPoint Energy to support the Greater Houston Resiliency Initiative, aimed at enhancing the region's energy infrastructure against extreme weather [1][4] - The agreement will lead to the expansion of RS's operations in Humble, Texas, creating over 200 new jobs and aligning with CenterPoint's goal of developing a resilient coastal grid for 2.9 million customers in Greater Houston [2][3] Company Overview - Resilient Structures is a leading manufacturer of high-performance composite utility poles, with over 30 years in the industry and operations in Texas, Utah, and Ontario [5] - CenterPoint Energy is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across several states, with assets totaling around $45 billion as of September 30, 2025 [6]

Core Insights - A winter storm is impacting the Greater Houston area, with hard freezes expected and over 3,300 workers mobilized for damage assessment and power restoration [1][2][3] Company Response - CenterPoint Energy has deployed an expanded workforce of 3,300 workers to assess and repair weather-related damages, with less than 2,000 customers currently experiencing outages, representing less than 1% of its 2.9 million customers [2][3] - The company activated its Emergency Operations Center on January 21 to prepare for the winter storm, including staging over 700 natural gas workers and inspecting critical electric equipment [5][9] - CenterPoint has conducted outreach to Critical Care customers and is providing regular updates to government officials and the media regarding its preparation and response efforts [5][6] Safety Measures - The company emphasizes safety by reminding customers to stay at least 35 feet away from downed power lines and to report any such incidents immediately [4] - CenterPoint encourages customers to enroll in its Power Alert Service for updates on outages and restoration times [6] Preparedness Actions - CenterPoint has implemented winter readiness activities since fall 2025, including weatherization requirements and emergency training for personnel [6][9] - The company has donated and installed over 20 emergency backup generators and positioned 17 compressed natural gas trailers to enhance local emergency preparedness [9] Customer Communication - CenterPoint provides an Outage Tracker for customers to monitor outages by county, city, and zip code, ensuring accessibility for all users [7]

Core Viewpoint - CenterPoint Energy is mobilizing resources and personnel in preparation for a significant winter weather event expected to impact Southeast Texas, emphasizing customer safety and service continuity [1][3]. Emergency Preparedness - 100% of CenterPoint's 3,300 line skills workers and contractors will be in place by 12 p.m. Saturday to respond to the winter weather [1]. - The Emergency Operations Center has been fully activated with approximately 200 personnel and will remain operational throughout the storm [2]. - Over 700 natural gas workers and contractors are being deployed to support the response efforts during the weekend [2][5]. Safety Measures - The company urges the public to heed local officials' guidance and stay off roads from Saturday night through Monday due to hazardous conditions [1]. - Customers are reminded to assume downed power lines are energized and to maintain a safe distance from them [4]. Equipment and Resource Readiness - CenterPoint has positioned 17 compressed natural gas (CNG) trailers to ensure supply availability and has pre-staged electric restoration equipment, including over 9,200 distribution poles and more than 11,500 transformers [5]. - The company is inspecting nearly 200 natural gas regulator stations and has installed heaters to prevent ice damage [5]. Customer Communication - CenterPoint encourages customers to enroll in the Power Alert Service® for updates on outages and restoration times [6]. - Customers can access storm-related safety tips in multiple languages through the company's website [7]. Company Overview - CenterPoint Energy, Inc. serves over 7 million metered customers across Texas and other states, with approximately $45 billion in assets as of September 30, 2025 [9]. - The company has been operational for over 150 years and employs around 8,300 individuals [9].

Core Points - CenterPoint Energy is preparing for severe winter weather in Southeast Texas, with approximately 3,300 electric employees and contract workers pre-staged for storm preparation and restoration efforts [1][8] - The State of Texas has issued a disaster declaration in anticipation of the weather impacts, and CenterPoint is coordinating closely with government officials and emergency agencies [4] - The company has activated its Emergency Operations Center and is deploying over 700 natural gas workers and contractors to support the response [9][15] Preparation and Response - CenterPoint has established three staging sites in the Greater Houston area to pre-position resources for potential restoration efforts [1][10] - The company has enhanced its natural gas infrastructure with hardening measures and has placed Compressed Natural Gas trucks at 13 strategic locations to support the system [7][15] - CenterPoint's winter readiness plan includes monitoring weather forecasts and encouraging customers to stay informed and prepared for cold weather [5][11] Customer Communication and Safety - Customers are urged to have an emergency plan in place and can access storm-related safety tips through CenterPoint's website [12] - The company offers a Power Alert Service for customers to receive updates on winter storm outages and restoration times [11][13] - CenterPoint is conducting outreach to critical care customers and has implemented enhanced communication strategies to keep customers informed [15]

Core Viewpoint - CenterPoint Energy is actively preparing for an impending winter weather system affecting Houston and Southeast Texas, emphasizing customer communication and operational readiness to ensure reliable electric and natural gas service [1][2][6]. Group 1: Emergency Preparedness - Approximately 3,300 employees and contract workers are mobilized to support storm preparation and restoration efforts [1][4]. - The Emergency Operations Center is fully staffed and operational, with daily briefings scheduled to update on weather conditions and response strategies [1][3]. - The State of Texas has issued a disaster declaration in anticipation of the weather impacts, while ERCOT has issued a Weather Watch for the upcoming days [1][3]. Group 2: Customer Communication - The company is enhancing customer communications through various channels, including emails, phone calls, and text messages, to keep customers informed about safety and preparedness [1][2]. - Customers are encouraged to prepare for the winter weather and utilize the Action Center for storm-related safety tips available in multiple languages [2][8]. Group 3: Weather Forecast and Safety - Current forecasts indicate potential ice accumulation, and customers are advised to prepare for hazardous travel and a hard freeze [3][4]. - The company reminds customers to treat downed power lines as energized and dangerous, urging them to maintain a safe distance [3]. Group 4: Resource Allocation - CenterPoint has activated three staging sites to pre-position resources in areas expected to be most affected by the winter weather [5]. - The company has secured over 600 additional frontline workers to bolster its workforce in response to the storm [4][5]. Group 5: Community Support - The CenterPoint Energy Foundation has awarded a $1 million grant to The Salvation Army to enhance disaster response capabilities in the Greater Houston area [7]. - The foundation aims to support vulnerable populations during severe weather events through coordinated emergency relief efforts [7]. Group 6: Operational Readiness - The company is coordinating with government officials and emergency agencies to monitor weather models and deploy cold weather mitigations across its infrastructure [6][11]. - CenterPoint is conducting inspections and testing of critical electric equipment and has positioned Compressed Natural Gas (CNG) trucks at strategic locations for potential deployment [11].

Core Insights - CenterPoint Energy has mobilized approximately 3,300 employees and contract workers to prepare for a severe winter weather system impacting Houston and Southeast Texas [1][2] - The company has activated its Emergency Operations Center and secured an additional 600 frontline workers to enhance its response capabilities [2][6] - CenterPoint is coordinating with local officials and emergency agencies to monitor weather conditions and implement cold weather mitigations across its infrastructure [3][4] Workforce and Operations - The expanded workforce includes about 2,500 internal line workers and local contractors, alongside the newly secured 600 frontline workers [2][5] - Three staging sites have been established in strategic locations to pre-position resources for potential restoration efforts [5] - The Emergency Operations Center will remain active throughout the weekend to execute the cold weather action plan [2][4] Weather Preparedness - CenterPoint has conducted proactive measures to winterize its electric and natural gas infrastructure, including inspections and testing of critical equipment [6][14] - The company is actively monitoring weather models and has positioned Compressed Natural Gas (CNG) trucks at 14 locations for potential deployment [14] - Over 19,000 hours of emergency training have been conducted in 2025 to enhance severe weather preparation and response [14] Community Support - CenterPoint Energy Foundation awarded a $1 million grant to The Salvation Army to support disaster response capabilities in the Greater Houston area [9] - The foundation aims to enhance community resilience and safety during severe weather events [9] Customer Communication - Customers are encouraged to enroll in the Power Alert Service® for updates on winter storm outages and restoration times [10] - The company provides storm-related safety tips and encourages customers to prepare emergency plans [11][12]