中点能源 2025年季度报告

FORM10-Q (Mark One) ☑QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch31, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE TRANSITION PERIOD FROM __________________TO __________________ Commission file number1-31447 CenterPoint Energy, Inc. (Exact name of registrant as specified in its charter) 74-0694415(I.R.S. Employer Identification No.) Texas(State or other jurisdiction of incorporation or organization) (713)207-1111Registrant's telephone number, including area code Commission file number1-3187 CenterPoint Energy Houston Electric, LLC (Exact name of registrant as specified in its charter) 22-3865106(I.R.S. Employer Identification No.) Texas (713)207-1111Registrant's telephone number, including area code Commission file number1-13265 CenterPoint Energy Resources Corp. (Exact name of registrant as specified in its charter) (713)207-1111Registrant's telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days. CenterPoint Energy, Inc.CenterPoint Energy Houston Electric, LLCCenterPoint Energy Resources Corp. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). CenterPoint Energy, Inc.CenterPoint Energy Houston Electric, LLCCenterPoint Energy Resources Corp. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company oran emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). CenterPoint Energy, Inc.CenterPoint Energy Houston Electric, LLCCenterPoint Energy Resources Corp. Indicatethenumberofsharesoutstandingofeachoftheissuers’classesofcommonstockas ofApril21, 2025: CenterPoint Energy Houston Electric, LLC and CenterPoint Energy Resources Corp. meet the conditions set forth in General Instructions H(1)(a) and(b) of Form 10-Q and are therefore filing this form with the reduced disclosure format specified in General Instruction H(2) of Form 10-Q. TABLE OF CONTENTS Item 1.Financial Statements1CenterPoint Energy, Inc.and SubsidiariesFinancial Statements(Unaudited)1CenterPoint Energy Houston Electric, LLCand SubsidiariesFinancial Statements(Unaudited)7CenterPoint Energy Resources Corp.and SubsidiariesFinancial Statements(Unaudited)11Combined Notes to Interim Condensed Financial Statements(Unaudited)17(1) Background and Basis of Presentation17(2)Accounting Policies and RecentAccounting Pronouncements18(3)Acquisitionand Divestiture19(4) Revenue Recognition21(5) Employee Benefit Plans22(6) Regulatory Matters23(7) Fair Value Measurements27(8) Equity Securities and Indexed Debt Securities (ZENS)28(9) Short-term Borrowings and Long-term Debt29(10) Income Taxes31(11) Commitments and Contingencies31(12) Earnings Per Share38(13) Reportable Segments38(14) Related Party Transactions41(15) Equity42(16) Subsequent Events43Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations45Recent Events45Consolidated Results of Operations46Results of Operations by Reportable Segment47Certain Factors Affecting Future Earnings54Liquidity and Capital Resources55Item 3.Quantitative and Qualitative Disclosures about Market Risk68Item 4.Controls and Procedures69 GLOSSARY From time to time the Registrants make statements concerning their expectations, beliefs, plans, objectives, goals, strategies,future events or performance and underlying assumptions and other statements that are not historical facts. These statements are“forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differmaterially from those expressed or implied by these statements. You can generally identify forward-looking statements by the words“anticipate,”“believe,”“continue,”“could,”“estimate,”“expect,”“forecast,”“goal,”“