CNP · CenterPoint Energy, Inc.

CenterPoint Energy, Inc. entered into a new Equity Distribution Agreement on May 15, 2026, establishing a $1 billion at-the-market (ATM) equity program. The agreement involves multiple managers, forward purchasers, and forward sellers, allowing the company to sell common stock through various methods including ordinary brokers' transactions on the NYSE or NYSE Texas. The program replaces a prior ATM program from January 2024, under which approximately $84.9 million in shares remained unsold at termination. The new agreement provides flexibility for the company to raise capital through direct sales or forward sale agreements, where forward purchasers borrow and sell shares, with the company expecting to physically settle and receive net proceeds. Managers and forward sellers receive commissions of up to 1% of gross sales prices. The company has no obligation to sell shares and may suspend offerings at any time. Net proceeds are intended for general corporate purposes, including capital expenditures of operating subsidiaries and repayment of commercial paper. The agreement includes customary representations, warranties, and indemnification provisions. This financing arrangement enhances CenterPoint's ability to access equity capital markets opportunistically over the next three years.