Centerpoint Energy (CNP) Q4 FY2025 earnings: revenue $2.5 billion, up 10.7% on the year

Centerpoint Energy Inc. (CNP) reported revenue of $2.5 billion for Q4 FY2025, the quarter ended 31 December 2025, up 10.7% on the same quarter a year earlier. Net income was $264 million, up 6.5% on the year, and diluted earnings per share $0.40. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2026.

Revenue

$2.5 billion

+10.7% on the year · +26.0% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

21.6%

21.4% a year earlier

Q1 FY2024Q4 FY2025

Net income

$264 million

+6.5% on the year · -9.9% on the quarter

Q1 FY2024Q4 FY2025

Diluted EPS

$0.40

+8.1% on the year · -11.1% on the quarter

Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised, 2 kept.

Q4 non-GAAP EPS was $0.45: The company reported non-GAAP EPS of $0.45 for the fourth quarter, against $0.40 a year earlier; GAAP diluted EPS was $0.40, against $0.38.
Full-year non-GAAP EPS up 9%: Full-year 2025 non-GAAP EPS was $1.76, up 9% from $1.62; GAAP diluted EPS was $1.60, against $1.58 in 2024.
Higher O&M expense cost $0.02: Increased O&M expense was an unfavorable variance of $0.02 per share against the fourth quarter of 2024.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	2,505	1,988	2,262	+26.0%	+10.7%
Cost of revenue	0.0	1.0	1.0
Gross profit	2,505	1,987	2,261	+26.1%	+10.8%
Gross margin	100.0%	99.9%	100.0%
Operating income	542	502	483	+8.0%	+12.2%
Operating margin	21.6%	25.3%	21.4%
Interest expense	227	243	222	-6.6%	+2.3%
Pre-tax income	330	286	280	+15.4%	+17.9%
Income tax	66.0	-7.0	32.0		+106.2%
Effective tax rate	20.0%	-2.4%	11.4%
Net income	264	293	248	-9.9%	+6.5%
Net margin	10.5%	14.7%	11.0%
Diluted EPS	$0.40	$0.45	$0.37	-11.1%	+8.1%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	774	742	889	+4.3%	-12.9%
Capital expenditure	1,481	1,222	2,012	+21.2%	-26.4%
Free cash flow	-707	-480	-1,123
Free cash flow margin	-28.2%	-24.1%	-49.6%
Cash from investing	-1,414	-1,261	-1,930
Cash from financing	644	465	942	+38.5%	-31.6%
Depreciation and amortisation	405	392	356	+3.3%	+13.8%
Dividends paid	143	144	138	-0.7%	+3.6%
Dividend per share	n/a	$0.22	n/a
Diluted shares, weighted	656m	656m	644m	-0.1%	+1.8%
Shares outstanding at period end	653m	653m	652m	+0.0%	+0.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	11,153	11,035	10,666	+1.1%	+4.6%
Debt	22,980	22,303	20,963	+3.0%	+9.6%
Operating lease liabilities	57.0	n/a	25.0		+128.0%
Other liabilities	12,344	11,711	12,114	+5.4%	+1.9%
Total liabilities and equity	46,534	45,049	43,768	+3.3%	+6.3%
Fixed assets	34,056	34,547	32,089	-1.4%	+6.1%
Goodwill	3,550	3,943	3,943	-10.0%	-10.0%
Investments	510	579	561	-11.9%	-9.1%
Cash and equivalents	38.0	37.0	24.0	+2.7%	+58.3%
Receivables	806	787	717	+2.4%	+12.4%
Other assets	7,574	5,156	6,434	+46.9%	+17.7%
Total assets	46,534	45,049	43,768	+3.3%	+6.3%

Questions

What was Centerpoint Energy's revenue in Q4 FY2025?

Centerpoint Energy (CNP) reported revenue of $2.5 billion for Q4 FY2025, the quarter ended 31 December 2025, up 10.7% on the same quarter a year earlier.

How much did Centerpoint Energy earn in Q4 FY2025?

Net income for Q4 FY2025 was $264 million, up 6.5% on the year, and diluted earnings per share $0.40.

When did Centerpoint Energy report Q4 FY2025 results?

Centerpoint Energy filed its 10-K for the year that ended with the quarter on 19 February 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q4 FY2021 * †	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	2,314	2,763	1,944	1,903	2,711	2,779	1,875	1,860	2,182	2,620	1,905	1,856	2,262	2,920	1,944	1,988	2,505	2,975	2,152	2,191
Cost of revenue	49.0	35.0	56.0	52.0	61.0	40.0	57.0	1.0	1.0	1.0	0.0	1.0	1.0	1.0	2.0	1.0	0.0	1.0	0.0	1.0
Gross profit	2,265	2,728	1,888	1,851	2,650	2,739	1,818	1,859	2,181	2,619	1,905	1,855	2,261	2,919	1,942	1,987	2,505	2,974	2,152	2,190
Gross margin	98%	99%	97%	97%	98%	99%	97%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%
Operating income	336	477	351	384	354	541	380	518	321	616	467	424	483	649	417	502	542	658	534	667
Operating margin	15%	17%	18%	20%	13%	19%	20%	28%	15%	24%	25%	23%	21%	22%	21%	25%	22%	22%	25%	30%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	204	217	195	222	238	195	243	227	279	261	281
Pre-tax income	85.0	730	244	277	166	403	217	350	117	428	261	245	280	378	253	286	330	409	297	413
Tax rate	55%	27%	22%	27%	19%	19%	46%	19%	-64%	18%	13%	21%	11%	21%	22%	-2%	20%	23%	18%	20%
Net income	654	531	190	202	134	325	118	282	192	350	228	193	248	297	198	293	264	316	244	331
Net margin	28%	19%	10%	11%	5%	12%	6%	15%	9%	13%	12%	10%	11%	10%	10%	15%	11%	11%	11%	15%
Diluted EPS	$1.03	$0.82	$0.28	$0.30	$0.19	$0.49	$0.17	$0.40	$0.31	$0.55	$0.36	$0.30	$0.37	$0.45	$0.30	$0.45	$0.40	$0.48	$0.37	$0.50
Operating cash flow	573	580	398	347	485	1,713	769	587	808	538	576	136	889	410	560	742	774	282	778	991
Capital expenditure	1,016	846	1,034	1,199	1,340	1,123	1,136	1,064	1,078	845	812	844	2,012	1,038	1,129	1,222	1,481	1,198	1,370	1,602
Free cash flow	-443	-266	-636	-852	-855	590	-367	-477	-270	-307	-236	-708	-1,123	-628	-569	-480	-707	-916	-592	-611
Dividends paid	107	107	107	114	112	120	120	119	126	126	128	130	138	143	144	144	143	150	152	159
Shares outstanding	629m	629m	629m	630m	630m	631m	631m	631m	631m	633m	642m	652m	652m	653m	653m	653m	653m	654m	659m	663m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2025, filed 19 February 2026: the filing.