CNPCENTERPOINT ENERGY INC

Electric Services

Revenue: $9.3B; 9.2% YoY
Operating margin: 22.6%; 2.9% YoY
EBITDA: $3.6B; 6.2% YoY
Market cap: $27.8B
Employees: 3,712; $3M revenue each
Net debt / EBITDA: 5.5×; $19.9B net debt
AI in 10-K: 2.2; mentions per 10K words

Takeover score 0 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
236% of net income
Cash flow under 80% of net income
Dilutive SBCNo
—
Over 10% of revenue
Payouts exceed cash flowNo
23% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
7% of assets
Over 40% of assets
Shareholder dissentNo
97% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$3M · 67th pct
Bottom quartile of its SIC industry
Quiet on AINo
2.2 per 10K words · 58th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
5.5× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$27.8B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$200K net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$8.3B	$9.3B	$8.6B	$8.6B	$9.3B	9.2%
Operating income	$1.4B	$1.6B	$1.8B	$2.0B	$2.1B	6.0%
Net income	$1.5B	$1.1B	$917M	$1.0B	$1.1B	3.2%
Operating cash flow	$22M	$1.8B	$3.9B	$2.1B	$2.5B	16%
Capex	$3.2B	$4.4B	$4.4B	$4.5B	$4.9B	7.9%
Dividends	$385M	$440M	$485M	$522M	$574M	10.0%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $41K · 1
Open-market sells, 12 mo: $241K · 1
Net: −$200K

Pay vs performance

No pay-versus-performance disclosure yet.