CenterPoint Energy (CenterPoint Energy) Tax Expense

: $170 Mil (TTM As of Dec. 2023)

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CenterPoint Energy's tax expense for the months ended in Dec. 2023 was $-75 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2023 was $170 Mil.

CenterPoint Energy Tax Expense Historical Data

The historical data trend for CenterPoint Energy's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CenterPoint Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Expense

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30.00

80.00

110.00

360.00

170.00

CenterPoint Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Expense	Get a 7-Day Free Trial															32.00	78.00	99.00	68.00	-75.00

CenterPoint Energy Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $170 Mil.

CenterPoint Energy (NYSE:CNP) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

CenterPoint Energy Tax Expense Related Terms

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CenterPoint Energy (CenterPoint Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CenterPoint Energy Inc (NYSE:CNP) » Definitions » Tax Expense

Comparable Companies

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Traded in Other Exchanges

HOU:Germany

Address

1111 Louisiana, Houston, TX, USA, 77002

Website

https://www.centerpointenergy.com

CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in six states serving approximately 4 million customers.

Executives

Christopher A Foster	officer: EVP and CFO	77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
David J Lesar	director, officer: President & CEO
Jason P. Wells	officer: EVP & CFO	77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
Kristie Colvin	officer: SVP and CAO	1111 LOUISIANA, HOUSTON TX 77002
Ricky Anthony Raven	director	1111 LOUISIANA STREEET, STE. 4600, HOUSTON TX 77002
Thaddeus J. Malik	director	1111 LOUISIANA STREET, STE. 4600, HOUSTON TX 77002
Russell Keith Wright	officer: VP, FP&A and Interim CAO	1111 LOUISIANA STREET, STE 4600, HOUSTON TX 77002
Barry T Smitherman	director	NRG ENERGY, INC., 804 CARNEGIE CENTER, PRINCETON NJ 08540
Ted Pound	director	C/O ALLIS-CHALMERS, 5075 WESTHIEMER, #890, HOUSTON TX 77056
Kara Gostenhofer Ryan	officer: Vice President and CAO	1111 LOUISIANA STREET, # 4600, HOUSTON TX 77002
Martin H. Nesbitt	director	10319 WESTLAKE DRIVE, SUITE 112, BETHESDA MD 20817
Wendolynn Montoya Cloonan	director	1111 LOUISIANA STREET #4600, HOUSTON TX 77002
Wooten Lewis Raquelle	director	1111 LOUISIANA STREET, #4600, HOUSTON TX 77002
Phillip R Smith	director	1111 LOUISIANA, HOUSTON TX 77002
Earl M Cummings	director	1111 LOUISIANA STREET #4600, HOUSTON TX 77002