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Earnings Per Share (CenterPoint Energy) (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table reconciles numerators and denominators of CenterPoint Energy’s basic and diluted earnings per common share.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
 
(in millions, except per share and share amounts)
Continuing Operations Numerator:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
135

 
$
151

 
$
(918
)
 
$
294

Less: Preferred stock dividend requirement
37

 
30

 
66

 
59

Less: Amortization of beneficial conversion feature
9

 
—

 
9

 
—

Less: Undistributed earnings allocated to preferred shareholders (1)
—

 
—

 
—

 
—

Income (loss) available to common shareholders from continuing operations - basic
89

 
121

 
(993
)
 
235

Add back: Series B Preferred Stock dividend (2)
—

 
—

 
—

 
—

Add back: Series C Preferred Stock dividend (3)
—

 
—

 
—

 
—

Add back: Amortization of beneficial conversion feature
—

 
—

 
—

 
—

Income (loss) available to common shareholders from continuing operations - diluted
$
89

 
$
121

 
$
(993
)
 
$
235

Discontinued Operations Numerator:
 
 
 
 
 
 
 
Income (loss) available to common shareholders from discontinuing operations - basic and diluted
$
(30
)
 
$
44

 
$
(176
)
 
$
70

Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
528,066,000

 
502,200,000

 
515,227,000

 
501,862,000

Plus: Incremental shares from assumed conversions:
 
 
 
 
 
 
 
Restricted stock (4)
2,771,000

 
2,631,000

 
—

 
2,631,000

Series B Preferred Stock (2)
—

 
—

 
—

 
—

Series C Preferred Stock (3)
—

 
—

 
—

 
—

Weighted average common shares outstanding - diluted
530,837,000

 
504,831,000

 
515,227,000

 
504,493,000

Earnings (loss) per common share:
 
 
 
 
 
 
 
Basic earnings (loss) per common share - continuing operations
$
0.17

 
$
0.24

 
$
(1.93
)
 
$
0.47

Basic earnings (loss) per common share - discontinued operations
(0.06
)
 
0.09

 
(0.34
)
 
0.14

Basic Earnings (Loss) Per Common Share
$
0.11

 
$
0.33

 
$
(2.27
)
 
$
0.61

 
 
 
 
 
 
 
 
Diluted earnings (loss) per common share - continuing operations
$
0.17

 
$
0.24

 
$
(1.93
)
 
$
0.47

Diluted earnings (loss) per common share - discontinued operations
(0.06
)
 
0.09

 
(0.34
)
 
0.14

Diluted Earnings (Loss) Per Common Share
$
0.11

 
$
0.33

 
$
(2.27
)
 
$
0.61



(1)
There were no undistributed earnings to be allocated to participating securities for the three and six months ended June 30, 2020.

(2)
The computation of diluted earnings per common share outstanding for the three and six months ended June 30, 2020 includes the reduction for Series B Preferred Stock dividends of $17 million and $34 million, respectively, within the numerator and excludes 35,940,000 and 35,923,000 potentially dilutive shares from the denominator, respectively, because the shares would be anti-dilutive. The computation of diluted earnings per common share outstanding for the three and six months ended June 30, 2019 includes the reduction for Series B Preferred Stock dividends of $17 million and $34 million, within the numerator, respectively, and excludes 32,121,000 and 32,121,000 potentially dilutive shares from the denominator, respectively, because the shares would be anti-dilutive.

(3)
The computation of diluted earnings per common share outstanding for the three and six months ended June 30, 2020 includes the reduction for Series C Preferred Stock dividends of $7 million and $7 million, respectively, including deemed
dividends on the Series C Preferred Stock from the beneficial conversion feature of $9 million and $9 million, respectively, within the numerator and excludes 29,465,000 and 14,571,000 potentially dilutive shares, respectively, of Series C Preferred Stock from the denominator because the shares would be anti-dilutive.

(4)
2,771,000 incremental common shares from assumed conversions of restricted stock have not been included in the computation of diluted earnings (loss) per share for the six months ended June 30, 2020, respectively, as their inclusion would be anti-dilutive.