Sector: Utilities|Industry: Utilities - Regulated Electric|Market Cap: $20.62B|Employees: 8.8K
CenterPoint Energy is a public utility holding company with operations focused on electric and natural gas delivery. The company's core business model includes owning and operating electric transmission, distribution, and generation facilities, as well as natural gas distribution systems. CenterPoint Energy has a significant presence in the Texas gulf coast area, southwestern Indiana, and other regions across the United States.
The 10-K filing indicates that CenterPoint Energy's total revenue decreased from $9,321 million in 2022 to $8,696 million in 2023. This decrease suggests a potential slowdown in business activity or changes in market conditions.
The 10-K filing shows that CenterPoint Energy's net income decreased from $1,057 million in 2022 to $917 million in 2023. This indicates a decline in profitability, which could be due to various factors such as increased expenses or decreased revenue.
The 10-K filing indicates that the Electric segment's net income increased from $603 million in 2022 to $654 million in 2023. This suggests strong performance in the electric transmission and distribution business.