Centerpoint Energy, Inc (holding Co) · NYSE:CNP
Centerpoint Energy, Inc (holding Co) — Q3 2025 Earnings Presentation
27 slides from Centerpoint Energy, Inc (holding Co)'s earnings presentation, Oct 23, 2025
Slide 1: Third Quarter 2025 Investor Update
Third Quarter 2025 Investor Update CenterPoint Energy | 1
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
Slide 3: Our New 10-Year Plan
Our New 10-Year Plan Accelerating and diversified growth for the benefit of all stakeholders $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 test year rat
Slide 4: Third Quarter Update
Third Quarter Update New 10-Year Plan Deliverables Q3’25 Updates Targeting top quartile non-GAAP EPS annual growth of 9% in 2025 and Delivered $0.50 non-GAAP EPS for the dividend per share growth in line with non-GAAP EPS earnings of $1.75 - $1.77 third quarter Consistent, Sustainable Growth for Our
Slide 5: Q3 2025 vs Q3 2024 Non-GAAP EPS
Q3 2025 vs Q3 2024 Non-GAAP EPS Primary drivers Ongoing Cost Growth and Rate Management & Other Weather / Usage Recovery Interest Expense $0.03 $0.50 $0.08 $0.01 $0.07 Electric Electric O&M Other $0.01 Growth $0.01 Usage $0.12(1) $0.03 Income Taxes $0.31 $0.08 Rate Recovery and Other(3) $
Slide 6: 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
Slide 7: Capital Expenditures by Segment
Capital Expenditures by Segment On track to meet 2025 planned capital investment, inclusive of $500MM increase earlier this year Capital Investment Plan Execution At least $10B Incremental Capital Opportunities(1) FY 1H 3Q FY ‘26 – ’35 • Electric Transmission Investments 2024 2025 2025 2025E(2) Plan
Slide 8: 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(3) 2024 Full Year 3Q 2025 TTM Moody’s S&P Fitch Moody’s 9.7% 12.3% Entity (Neg) (Neg) (Stable) (2) Adjusted for 1-time items – Moody’s methodology 13.6% 14.0% CenterPoint Energy, Inc. Baa2 BBB B
Slide 9: Contacts
Contacts Ben Vallejo Director 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.com/c
Slide 10: Appendix
Appendix CenterPoint Energy | 10
Slide 11: An investment plan focused on delivering outcomes
An investment plan focused on delivering outcomes(1) Investing for the benefit of our customers and communities ~$24B ~$24B Economic growth Resiliency & Reliability Customer experience ~$21B ~$21B Transmission Houston System Safety • Expanded capacity Resiliency Plan (SRP) • Protect people and prope
Slide 12: New 10-Year $65B Capital Investment Plan
New 10-Year $65B Capital Investment Plan(1) ~$33B Investment, 2026-2030 $7 $7 $7 $0.1 $0.2 $0.8 $6 $0.8 $1.1 $0.4 $6 $0.8 $0.5 $0.9 $0.7 $0.4 $0.5 $0.8 $0.5 $0.5 $0.8 $0.8 $0.4 $0.3 ~$32B $0.8 $0.4 $ billions $0.3 $4.3 $4.5 $4.1 $3.8 $3.5 Investment, 2031-2035 '26E '27E '28E '29E '30E Houston Electr
Slide 13: Serving Diverse and Rapid Growth
Serving Diverse and Rapid Growth(1) Diversified growth from energy refining and exports, commercial activity, and logistics and transport demand Doubling Interconnection by mid-2030s requests of ~42GW nearly 60GWs ~50% increase and increased by ~50% ~31GW in 2025 alone Energy Refining & Exports Comm
Slide 14: Weather and Throughput Data
Weather and Throughput Data Electric Natural Gas(5) 3Q 2025 3Q 2024 2025 vs 2024 3Q 2025 3Q 2024 2025 vs 2024 Residential 14 14 0% Throughput Throughput Residential 12,088 11,807 2% (in GWh) (in Bcf) Commercial and 79 82 -4% Industrial Total 35,455 32,633 9% Total 93 96 -3% Residential 3,712,312 3,6
Slide 15: Ohio Gas LDC Sale
Ohio Gas LDC Sale 2026 Announced sale Ohio Gas LDC at ~1.9x 2024 rate base Seller’s Note (~45% of Proceeds) • Accretive deal with gross proceeds of ~$2.62B and net proceeds of ~$2.4B(1) • ~55% of proceeds collected at closing (expected in Q4 2026), remainder will Ohio Gas LDC 100% Economic Interest
Slide 16: Constructive Regulatory Outcomes
Constructive Regulatory Outcomes 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 Final Order Issued Proposed Settlement Revenue Request 2024: $60.8MM Settle
Slide 17: 2025 Regulatory Schedule
2025 Regulatory Schedule Regulatory Activity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec ROE / Equity Ratio ’25 Rate Base(3) TX (E) Final Order Approved Mar 13 TCOS(4) / DCRF(4) / TEEEF TCOS(5) / DCRF(5) 9.65% / 43.25% $15.4B IN (E) Final Order Approved Feb 3 CECA / ECA 9.8% / 48.3%(1) $2.6B TX
Slide 18: Reconciliation: Income (Loss) and Diluted EPS to non-GAAP
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Three Months Ended September 30, 2025 Dollars in Diluted millions EPS(1) Consolidated net income (loss) and diluted EPS on a GAAP basis $ 293 $ 0
Slide 19: Reconciliation: Income (Loss) and Diluted EPS to non-GAAP
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Three Months Ended September 30, 2024 Dollars in Diluted millions EPS(1) Consolidated net income (loss) and diluted EPS on a GAAP basis $ 193 $ 0
Slide 20: Reconciliation: Income (Loss) and Diluted EPS to non-GAAP
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share 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 (loss) and diluted EPS on a GAAP basis $ 1,019 $
Slide 21: Reconciliation: Net Cash from Operating Activities and Total Debt to non-GAAP
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 3Q 2025 Net cash provided by operating ac
Slide 22: Reconciliation: Gross Margin and Total Debt to non-GAAP
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 3Q 2025 Unadjusted EBITDA Gross Margin 6,925 7,086 O&M
Slide 23: 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
Slide 24: Endnotes
Endnotes: Slide Notes (1) Refers to the new 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) O&M average annual reduction includes Electric and Natural Gas businesses (1) Refers to non-GAAP EPS annual growt
Slide 25: Endnotes
Endnotes: Slide Notes (1) Internal projections through 2031 13 (2) Current peak load as of the end of 2024 (1) End of period number of metered customers (2) As compared normal weather for service area 14 (3) Only pertains to HDD (4) As applied to base rates, per HDD/CDD versus normal (5) Throughput
Slide 26: 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
Slide 27: 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 (loss), diluted earnings (loss) per share, and net cash provided by operating activities to total debt, net, and gross
CenterPoint Energy, Inc (Holding Co) — Q3 2025 Earnings Presentation on 6ix