Earnings Per Share (CenterPoint Energy) (Tables)

12 Months Ended

Dec. 31, 2023

The following table reconciles numerators and denominators of CenterPoint Energy’s basic and diluted earnings per common share. Basic earnings per common share is determined by dividing Income available to common shareholders - basic by the Weighted average common shares outstanding - basic for the applicable period. Diluted earnings per common share is determined by the inclusion of potentially dilutive common stock equivalent shares that may occur if securities to issue Common Stock were exercised or converted into Common Stock.


	For the Year Ended December 31,
	2023		2022		2021
	(in millions, except per share and share amounts)
Numerator:
Income from continuing operations	$	917	$	1,057	$	668
Less: Preferred stock dividend requirement (Note 12)	50		49		95


Income available to common shareholders from continuing operations - basic and diluted	867		1,008		573
Income available to common shareholders from discontinued operations - basic and diluted	—		—		818
Income available to common shareholders - basic and diluted	$	867	$	1,008	$	1,391

Denominator:
Weighted average common shares outstanding - basic	630,947,000		629,415,000		592,933,000
Plus: Incremental shares from assumed conversions:
Restricted stock	2,232,000		2,931,000		5,181,000

Series C Preferred Stock (1)	—		—		11,824,000
Weighted average common shares outstanding - diluted	633,179,000		632,346,000		609,938,000

Anti-dilutive Incremental Shares Excluded from Denominator for Diluted Earnings Computation:

Series B Preferred Stock (2)	—		—		23,906,000


Earnings per common share:
Basic earnings per common share - continuing operations	$	1.37	$	1.60	$	0.97
Basic earnings per common share - discontinued operations	—		—		1.38
Basic Earnings Per Common Share	$	1.37	$	1.60	$	2.35
Diluted earnings per common share - continuing operations	$	1.37	$	1.59	$	0.94
Diluted earnings per common share - discontinued operations	—		—		1.34
Diluted Earnings Per Common Share	$	1.37	$	1.59	$	2.28

(1)As of December 31, 2021, all of the outstanding Series C Preferred Stock has been converted into Common Stock. For further information, see Note 12.

(2)As of December 31, 2021, all of the outstanding Series B Preferred Stock has been converted into Common Stock. For further information, see Note 12.