CENTERPOINT ENERGY RESOURCES CORP

What Do They Do?

Distributes and transports natural gas to residential, commercial and industrial customers, and operates permanent pipeline connections with interstate and intrastate pipeline companies.

How Do They Make Money?

Customers pay CERC monthly for natural gas distribution and transportation, with charges based on gas delivered and fixed regulated rates. Requested services are charged at regulated rates.

Year to Dec 2017 revenue

Who Are Their Customers?

Serves residential, commercial and industrial customers with natural gas sales, transportation and distribution in Indiana, Minnesota, Ohio and Texas.

Do Revenues Turn Into Profits?

Yes. It kept 11 cents of every revenue dollar as net income in Year to Dec 2017.

Operating income, Year to Dec 2017

7% of revenue

▲ +40% vs Year to Dec 2016 ($318M, 7%)

Net income, Year to Dec 2017

11% of revenue

▲ +204% vs Year to Dec 2016 ($245M, 6%)

How Are They Changing?

Growing. Revenue grew 20% in 4 years, from $5.5B in Year to Dec 2013 to $6.6B in Year to Dec 2017, about 5% a year.

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