Centerpoint Energy, Inc (holding Co) · NYSE:CNP

Centerpoint Energy, Inc (holding Co) — Q4 2025 Earnings Presentation

34 slides from Centerpoint Energy, Inc (holding Co)'s earnings presentation, Feb 19, 2026

1. Slide 1: Fourth Quarter and FY 2025 Investor Update

   Fourth Quarter and FY 2025 Investor Update CenterPoint Energy | 1

2. Slide 2: Cautionary Statement and Other Disclosures

   Cautionary Statement and Other Disclosures This presentation and the oral statements made in connection herewith contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than stat

3. Slide 3: Our 10-Year Plan Deliverables

   Our 10-Year Plan Deliverables Accelerating and diversified growth for the benefit of all stakeholders Over $65B 10-year plan(1) plus $10B+ incremental opportunities Customer-Driven 11%+ expected rate base growth(2) through 2030 Capital Investment Expect to recover 85%+ of investments through forward

4. Slide 4: Fourth Quarter and FY 2025 Update

   Fourth Quarter and FY 2025 Update Our 10-Year Plan Deliverables Q4 and FY’25 Updates Delivered $0.45 non-GAAP EPS for Q4 and Targeting top decile(1) non-GAAP EPS annual growth for 2025 and dividend per $1.76 non-GAAP EPS for FY 2025; Delivered Consistent, Sustainable share growth in line with non-GA

5. Slide 5: FY 2025 vs FY 2024 Non-GAAP EPS

   FY 2025 vs FY 2024 Non-GAAP EPS Primary drivers Ongoing Cost Growth and Rate Management & Other Weather / Usage Recovery Interest Expense $0.09 ($0.11) $0.20 ($0.04) Electric Electric O&M Other  $0.03 Growth  $0.07 Weather &  $0.09  $0.04 Other(1)  $0.17 Rate Recovery Usage  $0.12 Depreciation

6. Slide 6: Serving Houston's Diverse Economic Growth

   Serving Houston’s Diverse Economic Growth(1) Accelerating and increasing demand across diversified industries Now expected 50% load growth TWO years faster than initial forecast Data center load expected to be energized by YE ’28… …Part of a broader set of diverse drivers(3) 7.5GWs Advanced Life Man

7. Slide 7: Constructive Regulatory Outcomes

   Constructive Regulatory Outcomes Executed five rate cases representing over 85% of rate base in last 2 years Houston Electric TX Gas MN Gas IN Electric OH Gas (Docket 56211) (Docket 15513) (Docket 23-173) (Docket 45990) (Docket 24-0832-GA-AIR) Final Order Issued Final Order Issued Final Order Issued

8. Slide 8: Q4 2025 vs Q4 2024 Non-GAAP EPS

   Q4 2025 vs Q4 2024 Non-GAAP EPS Primary drivers Ongoing Cost Growth and Rate Management & Other Weather / Usage Recovery Interest Expense $0.01 ($0.07) $0.12 ($0.01) Electric Electric O&M Other  $0.01 Growth  $0.01 Weather &  $0.02  $0.01 Other(1) Usage $0.40  $0.11 Rate Recovery $0.45  $0.03

9. Slide 9: Capital Expenditures by Segment

   Capital Expenditures by Segment Delivered on 2025 planned spend and increased 10-year capital investment plan to ~$65.5 billion Capital Investment Plan Execution At least $10B Incremental Capital Opportunities(1) 4Q FY FY ’26 – ‘30 ‘26 – ’35 • Electric Transmission Investments 2025 2025 2026E(2) Pla

10. Slide 10: Continued Focus on Credit and Balance Sheet Strength

    Continued Focus on Credit and Balance Sheet Strength (1)(2) Consolidated FFO To Debt Company Debt Ratings(4) 2024 Full Year 2025 Full Year Moody’s S&P Fitch Entity Moody’s 9.7% 12.5% (Neg)(5) (Stable) (Stable) (2) CenterPoint Energy, Inc. Baa2 BBB BBB Adjusted for 1-time items – Moody’s methodology

11. Slide 11: Contacts

    Contacts Ben Vallejo Vice President Investor Relations and Corporate Planning Tel. (713) 207 – 5461 ben.vallejo@centerpointenergy.com Ellie Wood Manager Investor Relations Tel. (713) 207 – 7703 ellen.wood@centerpointenergy.com General Contact Tel. (713) 207 – 6500 https://investors.centerpointenergy

12. Slide 12: Appendix

    Appendix CenterPoint Energy | 12

13. Slide 13: Our 10-Year $65.5B Capital Investment Plan

    Our 10-Year $65.5B Capital Investment Plan(1) ~$33B Investment, 2026-2030 $7 $7 $7 $0.2 $0.8 $6 $0.8 $0.9 $0.4 $6 $0.8 $0.5 $0.5 $0.9 $0.7 $0.4 $0.8 $0.8 $0.5 $0.5 $0.8 $0.4 $0.8 $0.3 ~$65.5B $0.4 $ billions $0.3 $4.4 $4.5 $4.1 $4.0 $3.5 2026-2035 '26E '27E '28E '29E '30E Houston Electric Indiana El

14. Slide 14: Capital Expenditures by Jurisdiction

    Capital Expenditures by Jurisdiction Capital Investment Plan by Jurisdiction $ Millions 2026 2027 2028 2029 2030 2031-35 2026-35 Houston Electric $4,000 $4,400 $4,500 $3,500 $4,100 $21,700 $41,900 Indiana Electric $400 $400 $500 $300 $300 $2,300 $4,200 Texas Gas $800 $800 $900 $800 $800 $3,500 $7,60

15. Slide 15: Capital Expenditures by Function

    Capital Expenditures by Function Capital Investment Plan by Function $ Millions 2026 2027 2028 2029 2030 2031-35 2026-35 Electric Transmission $1,600 $1,700 $1,800 $1,600 $1,700 $10,600 $18,800 Electric Distribution $2,500 $2,700 $2,900 $1,900 $2,400 $10,300 $22,600 Electric Generation $20 $10 $10 $

16. Slide 16: Weather and Throughput Data

    Weather and Throughput Data Electric Natural Gas(5) 4Q 2025 4Q 2024 2025 vs 2024 4Q 2025 4Q 2024 2025 vs 2024 Residential 64 49 31% Throughput Throughput Residential 7,229 6,971 4% (in GWh) (in Bcf) Commercial and 110 101 9% Industrial Total 25,557 26,101 (2%) Total 174 150 16% Residential 3,739,919

17. Slide 17: Announced Ohio Gas LDC Sale

    Announced Ohio Gas LDC Sale Transaction Highlights Key Transaction Terms  Announced October 2025  Gross Purchase Price: ~$2,620MM  Efficiently recycle capital, upside for additional CapEx  Net Purchase Price: ~$2,400MM  Supports balance sheet optimization  ~1.9x of 2024 rate base(1)  Signals

18. Slide 18: 2026 Regulatory Schedule

    2026 Regulatory Schedule Upcoming Regulatory Activity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec ROE / Equity Ratio ’26 Rate Base(3) TX (E) TCOS(5) / DCRF(5) TCOS(6) / DCRF(6) 9.65% / 43.25% $18.5B IN (E) CECA / ECA 9.8% / 48.3%(1) $3.1B TX (G) GRIPSettlement filed April 23 9.8% / 60.6% $3.8B M

19. Slide 19: Reconciliation: Consolidated Net Income and Diluted EPS (Q4 2025)

    Reconciliation: Consolidated Net Income and Diluted Earnings per share (GAAP) to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Three Months Ended December 31, 2025 Dollars in Diluted millions EPS(1) Consolidated net income and diluted EPS on a GAAP basis $ 264 $

20. Slide 20: Reconciliation: Consolidated Net Income and Diluted EPS (Q4 2024)

    Reconciliation: Consolidated Net Income and Diluted Earnings per share (GAAP) to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Three Months Ended December 31, 2024 Dollars in Diluted millions EPS(1) Consolidated net income and diluted EPS on a GAAP basis $ 248 $

21. Slide 21: Reconciliation: Consolidated Net Income and Diluted EPS (FY 2025)

    Reconciliation: Consolidated Net Income and Diluted Earnings per share (GAAP) to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Twelve Months Ended December 31, 2025 Dollars in Diluted millions EPS(1) Consolidated net income and diluted EPS on a GAAP basis $ 1,05

22. Slide 22: Reconciliation: Consolidated Net Income and Diluted EPS (FY 2024)

    Reconciliation: Consolidated Net Income and Diluted Earnings per share (GAAP) to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Twelve Months Ended December 31, 2024 Dollars in Diluted millions EPS(1) Consolidated net income and diluted EPS on a GAAP basis $ 1,01

23. Slide 23: Reconciliation: Income Available to Common Shareholders (FY 2023)

    Reconciliation: Consolidated Income Available to Common Shareholders and Diluted Earnings per share (GAAP) to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Twelve Months Ended December 31, 2023 Dollars in Diluted millions EPS(1) Consolidated income available to

24. Slide 24: Reconciliation: Income Available to Common Shareholders (FY 2022)

    Reconciliation: Consolidated Income Available to Common Shareholders and Diluted Earnings per share (GAAP) to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Twelve Months Ended December 31, 2022 Dollars in Diluted millions EPS(1) Consolidated income available to

25. Slide 25: Reconciliation: Income (Loss) Available to Common Shareholders (FY 2021)

    Reconciliation: Consolidated Income (Loss) Available to Common Shareholders and Diluted Earnings per share (GAAP) to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Twelve Months Ended December 31, 2021 Midstream Investments Utility Operations Corporate and Other(

26. Slide 26: Reconciliation: Income (Loss) Available to Common Shareholders (FY 2020)

    Reconciliation: Consolidated Income (Loss) Available to Common Shareholders and Diluted Earnings per share (GAAP) to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Twelve Months Ended December 31, 2020 Midstream Investments Corporate and CES(1) & CIS(2) Utility O

27. Slide 27: Reconciliation: Operating Cash Flow and Debt to FFO (Moody's)

    Reconciliation: Net Cash Provided by Operating Activities and Total Debt, Net to non- GAAP Funds from Operations (FFO) and non-GAAP Adj. Debt Based on Moody’s Methodology Twelve month to date ended and as of period ended, respectively ($ in millions) YE 2024 YE 2025 Net cash provided by operating ac

28. Slide 28: Reconciliation: Gross Margin and Debt to FFO (S&P)

    Reconciliation: Gross Margin and Total Debt, Net to non-GAAP Funds from Operations (FFO) and non-GAAP Rating Agency Adjusted Debt Based on S&P’s Methodology Twelve month to date ended and as of period ended, respectively ($ in millions) YE 2024 YE 2025 Unadjusted EBITDA Gross Margin 6,925 7,240 O&M

29. Slide 29: Regulatory Information

    Regulatory Information Information Location Electric  Estimated 2024 year-end rate base by jurisdiction Regulatory Information – Electric  Authorized ROE and capital structure by jurisdiction  Definition of regulatory mechanisms  Projected regulatory filing schedule Natural Gas  Estimated 2024

30. Slide 30: Endnotes

    Endnotes: Slide Notes (1) Refers to the 10-year capital plan, 2026E to 2035E (2) Refers to projected rate base CAGR from 2025E to 2030E 3 (3) Refers to capital spend through 2030 (4) Controllable O&M average annual reduction includes Electric and Natural Gas businesses (1) As compared to proxy peers

31. Slide 31: Endnotes

    Endnotes: Slide Notes 15 (1) The calculation may not add down due to rounding (1) End of period number of metered customers (2) As compared normal weather for service area 16 (3) Only pertains to HDD (4) As applied to base rates, per HDD/CDD versus normal (5) Throughput and Meter Customers are norma

32. Slide 32: Endnotes

    Endnotes: Slide Notes (1) Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS (2) Taxes are computed based on the impact removing

33. Slide 33: Endnotes

    Endnotes: Slide Notes (1) Quarterly diluted EPS on both a GAAP and non-GAAP basis are based on the weighted average number of shares of common stock outstanding during the quarter, and the sum of the quarters may not equal year-to-date diluted EPS. EPS figures for Utility Operations, Corporate and O

34. Slide 34: Additional Information

    Additional Information Use of Non-GAAP Financial Measures In this presentation and the oral statements made in connection herewith, CenterPoint Energy presents, based on net income or net income (loss) available to common shareholders, diluted earnings (loss) per share, and net cash provided by oper

CenterPoint Energy, Inc (Holding Co) — Q4 2025 Earnings Presentation on 6ix