CENTERPOINT ENERGY HOUSTON ELECTRIC LLC
For the period ended Jun 30, 2026. Filed Jul 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 28, 2026
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Consolidated Results of Operations
CENTERPOINT ENERGY CONSOLIDATED RESULTS OF OPERATIONS
For information regarding factors that may affect the future results of our consolidated operations, see “Risk Factors” in Part I, Item 1A of the Registrants’ combined 2025 Form 10-K.
Net income (loss) for the three and six months ended June 30, 2026 and 2025 was as follows:
| Three Months Ended June 30, | Six Months Ended June 30, | |||||
|---|---|---|---|---|---|---|
| 2026 | 2025 | Favorable (Unfavorable) | 2026 | 2025 | Favorable (Unfavorable) | |
| (in millions) | ||||||
| Electric | $237 | $171 | $66 | $377 | $279 | $98 |
| Natural Gas | 80 | 86 | (6) | 330 | 314 | 16 |
| Corporate and Other (1) | (73) | (59) | (14) | (147) | (98) | (49) |
| Total CenterPoint Energy | $244 | $198 | $46 | $560 | $495 | $65 |
(1)Includes unallocated corporate costs, interest income and interest expense and intercompany eliminations.
Three months ended June 30, 2026 compared to three months ended June 30, 2025
Net income increased $46 million primarily due to the following items:
an increase in net income of $66 million for the Electric reportable segment, as further discussed below;
a decrease in net income of $6 million for the Natural Gas reportable segment, as further discussed below; and
an increase in net loss of $14 million for the Corporate and Other reportable segment, primarily due to a $21 million gain on the early extinguishment of debt recognized during the second quarter of 2025 that did not recur, an increase in operating expense and the unfavorable net impact of the mark-to-market valuations on the ZENS indexed debt securities derivative and ZENS-related securities, partially offset by $4 million from a release of a state unrecognized tax benefit upon statute of limitations expiration and $1 million of lower borrowing costs.
Six months ended June 30, 2026 compared tosix months ended June 30, 2025
Net income increased $65 million primarily due to the following items:
an increase in net income of $98 million for the Electric reportable segment, as further discussed below;
an increase in net income of $16 million for the Natural Gas reportable segment, as further discussed below; and
an increase in net loss of $49 million for the Corporate and Other reportable segment, due to an $18 million tax benefit recognized in 2025 related to the sale of the Louisiana and Mississippi natural gas businesses that did not recur, a $21 million accrued tax expense related to the anticipated divestiture of the Ohio natural gas business expected to close in the fourth quarter of 2026, a $21 million gain on the early extinguishment of debt recognized in 2025 that did not recur, and the unfavorable net impact of the mark-to-market valuations on the ZENS indexed debt securities derivative and ZENS-related securities, partially offset by a $4 million release of a state unrecognized tax benefit upon the expiration of the statute of limitations. The remaining variance is primarily driven by income taxes and intersegment interest.
Income Tax Expense. For a discussion of effective tax rate per period, see Note 10 to the Interim Condensed Financial Statements.
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