Centerpoint Energy, Inc (holding Co) · NYSE:CNP
Centerpoint Energy, Inc (holding Co) — Q2 2025 Earnings Presentation
27 slides from Centerpoint Energy, Inc (holding Co)'s earnings presentation, Jul 24, 2025
Slide 1: Second Quarter 2025 Investor Update
SECOND QUARTER 2025 INVESTOR UPDATE
Slide 2: Cautionary Statement and Other Disclaimer
Cautionary Statement and Other Disclaimer 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 state
Slide 3: Q2 Update
Q2 Update Long-Term Strategic Objectives Q2’25 Updates Consistent, Targeting top quartile non-GAAP EPS annual growth of 8% in 2025 and dividend per share Delivered $0.29 non-GAAP EPS for the Sustainable growth in line with non-GAAP EPS earnings of $1.74 - $1.76 second quarter Growth for Our Investor
Slide 4: Rate Case Snapshot
Rate Case Snapshot IN Electric Houston Electric MN Gas TX Gas OH Gas (Docket 45990) (Docket 56211) (Docket 23-173) (Docket 15513) (Docket 24-0832-GA-AIR ) Regulatory Outcome Final Order Issued Key Details Below Final Order Issued Key Details Below Final Order Issued Key Details Below Final O
Slide 5: Key Resiliency Actions
Key Resiliency Actions ~50% reduction in customer outage minutes compared to the first half of 2024 Resiliency Actions Complete Target (July 2024 – June 2025) As of May 22, 2025 By June 1, 2025 Installing stronger, more 26,470 26,000 storm-resilient poles POLES POLES Installing automation devices ca
Slide 6: System Resiliency Plan $3.2B
System Resiliency Plan Improving the customer experience through accelerated and increased investment Expected to strengthen Expected savings of ~$25MM overall resiliency by 30% per year in storm-related distribution costs Resiliency Capital Expected reductions in outages Expected avoidance of 5
Slide 7: ~$5.5B Increase to Capital Plan Since YE '24
~$5.5B increase to capital plan since YE ‘24 (1) Categories of investment increased this year; incremental opportunities remain $0.8 $53.0 $4.3 $0.5 Electric Transmission Investments $47.5 Resiliency and Grid $ in billions Modernization Investments • Increased and accelerated • 345kV upgrades implem
Slide 8: Q2 2025 vs Q2 2024 Non-GAAP EPS
Q2 2025 vs Q2 2024 Non-GAAP EPS (1) Primary Drivers Ongoing Cost Growth and Rate Management & Recovery Weather / Usage Interest Expense Other ($0.01) $0.01 ($0.06) ($0.01) Electric Electric Interest Expense Other $0.01 Growth $0.01 Weather $0.03 $0.01 Equity Dilution $0.36 $0.04 Depreciati
Slide 9: 2025 Non-GAAP Earnings Profile
2025 Non-GAAP Earnings Profile Timing of recovery of Texas investments post rate cases will result in a different earnings profile than typical years Cumulative YTD Non-GAAP Earnings Typical Earnings Profile vs. 2025E Profile ~46% of YTD earnings; in line of expectations $1.75 2H Earnings % 40% - 50
Slide 10: Capital Expenditures by Segment
Capital Expenditures by Segment Current 5-Yr Plan(1) 10-YR Plan Continued Incremental Capital Opportunities FY 1Q 2Q FY ‘21 – ‘25 ’21 – ‘30 • Electric Transmission Investments 2024 2025 2025 2025E(3) Plan Plan (Houston & Indiana Electric) (2) Electric ~$2.2B ~$1.0B ~$0.7B ~$3.7B ~$14.1B ~$37.3B • Re
Slide 11: 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 2Q 2025 TTM Moody’s S&P Fitch Moody’s 9.7% 9.8% Entity (Neg) (Neg) (Stable) (2) Adjusted for 1-time items – Moody’s methodology 13.6% 14.1% CenterPoint Energy, Inc. Baa2 BBB BB
Slide 12: Contacts
Contacts Ben Vallejo Director Investor Relations and Corporate Planning Tel. (713) 207 – 5461 ben.vallejo@centerpointenergy.com General Contact Tel. (713) 207 – 6500 https://investors.centerpointenergy.com/contact-us 12
Slide 13: Appendix
Appendix 13
Slide 14: Diverse Houston Electric Load Growth Drivers
Diverse Houston Electric Load Growth Drivers Underpinned by annual residential customer growth of ~2%(1) Energy Refining Forecasted Peak Current Peak Commercial and Energy Logistics & Load Load Exports Transport ~74GW ~13GW ( 6GW) • Continued expansion and electrification of • Continued expansion of
Slide 15: Capital Plan & Regulatory Mechanisms
Capital Plan & Regulatory Mechanisms Over 80% of 10-year Capital Plan expected to be recoverable Regulatory Highlights Stakeholder Benefits through interim mechanisms Traditional Existing Mechanisms for timely recovery Reasonable cost recovery minimizes Rate case rate case with forward ~5% of major
Slide 16: Weather and Throughput Data
Weather and Throughput Data Electric Natural Gas(5) 2Q 2025 2Q 2024 2025 vs 2024 2Q 2025 2Q 2024 2025 vs 2024 Residential 25 24 5% Throughput Throughput Residential 9,588 9,450 1% (in GWh) (in Bcf) Commercial and 86 84 2% Industrial Total 30,313 29,034 4% Total 111 108 3% Residential 3,714,672 3,670
Slide 17: Regulatory Schedule
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 / DCRF 9.65% / 43.25% $15.4B IN (E) Final Order Approved Feb 3 CECA / ECA ECA / TDSIC 9.8% / 48.3%(1) $2.6B TX
Slide 18: Regulatory Filing Updates
Regulatory Filing Updates Mechanism Date Filed Rates Updated Annual Rev. Req. Increase / (Decrease) Distribution Cost Recovery Factor (“DCRF”) February 2025 July 2025 $123MM CEHE Transmission Cost of Service (“TCOS”) February 2025 April 2025 $64MM General Rate Case March 2024 April 2025 ($47MM) Febr
Slide 19: Planned Generation Project Timeline
Planned Generation Project Timeline (1) aaaaaaaaa Note: Refer to slide 2 for information on forward-looking statements 1) Indiana Electric has not entered into any definitive agreement relating to this wind energy generating facility, and there is a significant possibility that either no definitive
Slide 20: Reconciliation: Income (Loss) and Diluted Earnings (Loss) per Share
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 June 30, 2025 Dollars in Diluted millions EPS(1) Consolidated net income (loss) and diluted EPS on a GAAP basis $ 198 $ 0.30 Z
Slide 21: Reconciliation: Income (Loss) and Diluted Earnings (Loss) per Share
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 June 30, 2024 Dollars in Diluted millions EPS(1) Consolidated net income (loss) and diluted EPS on a GAAP basis $ 228 $ 0.36 Z
Slide 22: Reconciliation: Income (Loss) and Diluted Earnings (Loss) per Share
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Six Months Ended June 30, 2025 Dollars in Diluted millions EPS(1) Consolidated net income (loss) and diluted EPS on a GAAP basis $ 495 $ 0.76 ZEN
Slide 23: Reconciliation: Income (Loss) and Diluted Earnings (Loss) per Share
Reconciliation: Income (Loss) and Diluted Earnings (Loss) per share to non-GAAP Income and non-GAAP Diluted EPS used in providing annual earnings guidance Six Months Ended Twelve Months Ended June 30, 2024 December 31, 2024 Dollars in Diluted Dollars in Diluted millions EPS(1) millions EPS(1) Consol
Slide 24: Reconciliation: Net Cash Provided by Operating Activities and Total Debt
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 1Q 2025 2Q 2025 Net cash provided by oper
Slide 25: Reconciliation: Gross Margin and Total Debt, Net
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 1Q 2025 2Q 2025 Unadjusted EBITDA Gross Margin 6,925 7,
Slide 26: 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 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) — Q2 2025 Earnings Presentation on 6ix