Earnings Per Share (CenterPoint Energy) (Tables)

3 Months Ended

Mar. 31, 2022

The following table reconciles numerators and denominators of CenterPoint Energy’s basic and diluted earnings per common share.


	Three Months Ended March 31,
	2022		2021
	(in millions, except per share and share amounts)
Numerator:
Income from continuing operations	$	531	$	280
Less: Preferred stock dividend requirement (Note 18)	13		29

Less: Undistributed earnings allocated to preferred shareholders (1)	—		23
Income available to common shareholders from continuing operations - basic	518		228
Add back: Series B Preferred Stock dividend	—		17
Add back: Undistributed earnings allocated to preferred shareholders (1)	—		23
Income available to common shareholders from continuing operations - diluted	518		268
Income available to common shareholders from discontinued operations - basic and diluted	—		83
Income available to common shareholders - basic and diluted	$	518	$	351
Denominator:
Weighted average common shares outstanding - basic	629,134,000		551,546,000
Plus: Incremental shares from assumed conversions:
Restricted stock	2,170,000		3,114,000
Series B Preferred Stock	—		35,937,000
Series C Preferred Stock	—		40,823,000
Weighted average common shares outstanding - diluted	631,304,000		631,420,000







Earnings Per Common Share:
Basic earnings per common share - continuing operations	$	0.82	$	0.41
Basic earnings per common share - discontinued operations	—		0.15
Basic Earnings Per Common Share	$	0.82	$	0.56
Diluted earnings per common share - continuing operations	$	0.82	$	0.43
Diluted earnings per common share - discontinued operations	—		0.13
Diluted Earnings Per Common Share	$	0.82	$	0.56

(1)There were no undistributed earnings to be allocated to participating securities for the three months ended March 31, 2022.