CenterPoint Energy, Inc.CNP
NYSE•Utilities•Utilities - Regulated Electric
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric; Natural Gas; and Corporate and Other segments. The Electric segment provides electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market in Indiana Electric's service territory. The Natural Gas segment engages in the intrastate natural gas sales, and natural gas transportation and distribution for residential, commercial, and industrial customers in Indiana, Minnesota, Ohio, and Texas; permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies; and provides home appliance maintenance and repair services to customers in Minnesota and home repair protection plans to natural gas customers in Indiana, Mississippi, Ohio, and Texas through a third party. As of December 31, 2025, it served approximately 2,859,313 metered customers; owned 355 substations with transformer capacity of 81,692 megavolt amperes; and owned and operated approximately 208 miles of intrastate pipeline in Louisiana and Texas. The company was founded in 1866 and is headquartered in Houston, Texas.
CenterPoint Energy, Inc (Holdin (CNP) reported trailing twelve months revenue of $9.41B as of March 2026, a 5.2% increase year-over-year. Quarterly revenue reached $2.98B, reflecting continued top-line momentum.
CenterPoint Energy, Inc (Holdin generated $1.07B in TTM net income, with quarterly EBITDA of $1.08B. The operating margin contracted from 22.2% to 22.1%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (22.1%) and net margin (10.6%) indicates moderate non-operating costs. Net margin has improved from 10.2% a year ago, signaling stronger bottom-line efficiency.
CNP trades at a P/E of 26.2x (in line with broad market averages) and a P/S of 3.0x. The price-to-book ratio of 2.5x reflects a moderate premium to book value.
The company reported negative free cash flow of $-916.00M, indicating cash consumption over the period. The balance sheet shows $47.84B in total assets with $22.48B in long-term debt against $11.45B in stockholders equity for a debt-to-equity ratio of 2.0. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are stable at ~22.7%, suggesting durable pricing power and cost discipline.
ROE is positive at ~9.3% on average, adequate but below the threshold typically associated with wide moats.
Only 0 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
TTM revenue has grown consistently (6 of 7 quarters up), with ~9.9% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~22.6% — no sign of cost or pricing stress.
Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.
D/E ratio is 2.0 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation