CENTERPOINT ENERGY RESOURCES CORP

CIK:0001042773|SEC Filings

CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statement of Comprehensive Income [Abstract]
Net Income	$ 244	$ 198	$ 560	$ 495
Other comprehensive income (loss):
Adjustment to pension and other postretirement plans (net of tax expense of $0, $0, $0, and $0 respectively)	1	1	1	1
Reclassification of deferred gain from cash flow hedges realized in net income (net of tax benefit of $0, $0, $0 and $0)	0	(1)	0	(1)
Total	1	0	1	0
Comprehensive income	$ 245	$ 198	$ 561	$ 495

CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net income	$ 560	$ 495
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	868	733
Deferred income taxes	220	74
Loss on sale	0	43
(Gain) loss on equity securities	106	(122)
(Gain) loss on indexed debt securities	(104)	121
Pension and postretirement contributions	(40)	(87)
Changes in other assets and liabilities:
Accounts receivable and unbilled revenues, net	349	214
Inventory	(8)	24
Accounts payable	(330)	(330)
Other current assets	(193)	118
Other current liabilities	(235)	(251)
Other non-current assets	(130)	(9)
Other non-current liabilities	(7)	2
Other operating activities, net	4	(55)
Net cash provided by operating activities	1,060	970
Cash Flows from Investing Activities:
Capital expenditures	(2,568)	(2,167)
Payment for asset acquisition	0	(357)
Proceeds from divestitures	0	1,219
Other investing activities, net	41	(36)
Net cash used in investing activities	(2,527)	(1,341)
Cash Flows from Financing Activities:
Decrease in short-term borrowings, net	0	(3)
Proceeds from (payments of) commercial paper, net	(502)	1,056
Proceeds from long-term debt and term loans, net	3,441	735
Payments of long-term debt and term loans, including make-whole premiums	(1,271)	(1,030)
Payment of debt issuance costs	(24)	(12)
Payment of dividends on Common Stock	(302)	(287)
Proceeds from issuances of Common Stock, net	165	0
Other financing activities, net	(18)	(19)
Net cash provided by financing activities	1,489	440
Net Increase in Cash, Cash Equivalents and Restricted Cash	22	69
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	49	30
Cash, Cash Equivalents and Restricted Cash at End of Period	71	99
Supplemental Disclosure of Cash Flow Information
Cash paid for interest, net of capitalized interest	510	487
Cash paid (refunds received) for income taxes, net	11	(5)
Supplemental Disclosure of Non-cash Transactions
Accounts payable related to capital expenditures	$ 451	$ 309

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 49	$ 38
Investment in equity securities	404	510
Accounts receivable, less allowance for credit losses	777	806
Accrued unbilled revenue, less allowance for credit losses	371	600
Materials and supplies	609	517
Natural gas and coal inventory	138	215
Taxes receivable	114	36
Current assets held for sale	2,617	2,669
Regulatory assets	255	170
Prepaid expenses and other current assets	120	140
Total current assets	5,454	5,701
Property, Plant and Equipment, Net:
Property, plant and equipment	46,512	44,676
Less: accumulated depreciation and amortization	11,129	10,620
Property, plant and equipment, net	35,383	34,056
Other Assets:
Goodwill	3,550	3,550
Regulatory assets	3,619	3,005
Other non-current assets	244	222
Total other assets	7,413	6,777
Total Assets	48,250	46,534
Current Liabilities:
Short-term borrowings	0	500
Current portion of VIE Securitization Bonds long-term debt	120	41
Current portion of other long-term debt	1,616	1,873
Indexed debt securities derivative	451	564
Accounts payable	1,098	1,300
Taxes accrued	217	344
Interest accrued	353	313
Dividends accrued	0	150
Customer deposits	94	89
Current liabilities held for sale	441	520
Other current liabilities	467	566
Total current liabilities	4,857	6,260
Other Liabilities:
Deferred income taxes, net	4,855	4,602
Benefit obligations	476	491
Regulatory liabilities	2,633	2,692
Other non-current liabilities	803	770
Total other liabilities	8,767	8,555
Long-term Debt, Net:
VIE Securitization Bonds, net	1,746	664
Other long-term debt, net	21,160	19,902
Total long-term debt, net	22,906	20,566
Commitments and Contingencies (Note 11)
Shareholders’ Equity:
Common stock	6	6
Additional paid-in capital	9,288	9,130
Retained earnings	2,451	2,043
Accumulated other comprehensive loss	(25)	(26)
Total shareholders’ equity	11,720	11,153
Total Liabilities and Shareholders’ Equity	$ 48,250	$ 46,534