Centerpoint Energy Inc Stock Price, News & Analysis

CenterPoint Energy (NYSE: CNP) has announced the pricing of a registered underwritten offering of 21,621,622 shares of common stock at $37.00 per share. The offering involves forward sale agreements with Bank of America, Mizuho Markets Americas, and JPMorgan Chase Bank. The underwriters have a 30-day option to purchase up to an additional 3,243,243 shares.

Settlement of the forward sale agreements is expected by February 25, 2027. The company may elect cash or net share settlement, and if physical settlement is chosen, proceeds will be used for general corporate purposes, including debt repayment. BofA Securities, Mizuho, and J.P. Morgan are acting as joint book-running managers for the offering, which is expected to close around May 29, 2025.

CenterPoint Energy (CNP) has successfully restored power to 90% of the 167,000 customers affected by severe overnight storms in Greater Houston. The storm, characterized as the strongest of the spring season, brought wind gusts of 60-70 mph, primarily impacting North and Central Harris County, Tomball, Bush International Airport, Kingwood, and Humble areas.

Currently, fewer than 15,000 customers remain without power. The company has deployed over 1,300 personnel and 143 vegetation crews for damage assessment and power restoration. In preparation for predicted severe weather on Wednesday, CenterPoint has activated its Emergency Operations Center and is maintaining additional crews on standby.

CenterPoint Energy (NYSE: CNP) has announced a public offering of $800 million worth of common stock shares through a forward sale agreement with multiple counterparties including Bank of America, Mizuho, and JPMorgan Chase Bank. The underwriters have a 30-day option to purchase an additional $120 million in shares. The settlement of forward sale agreements is expected by February 25, 2027.

The company can choose physical, cash, or net share settlement for the agreements. If physical settlement is chosen, proceeds will be used for general corporate purposes, including debt repayment. BofA Securities, Mizuho, and J.P. Morgan are serving as joint book-running managers, with Barclays, Citigroup, and RBC Capital Markets also participating.

CenterPoint Energy (CNP) conducted a major hurricane response exercise at its Emergency Operations Center in preparation for the 2025 hurricane season. The full-scale exercise involved over 200 employees and response partners, including state and local officials, emergency management offices, and third-party evaluators.

The simulation is part of the company's Greater Houston Resiliency Initiative (GHRI) launched last year. Key improvements include leveraging AI technologies through partnerships with Neara and Technosylva, installing emergency generators at critical facilities, and enhancing coordination with local emergency partners.

CenterPoint Energy (CNP) has completed nearly 90% of planned grid resiliency improvements under Phase Two of the Greater Houston Resiliency Initiative (GHRI), ahead of the 2025 hurricane season. Key achievements include:

• Installation of 21,975 storm-resilient poles (target: 25,000)
• 401 miles of undergrounded power lines (100% of goal completed)
• 4,472 automation devices added (target: 4,850)
• 3,741 miles of high-risk vegetation cleared (target: 4,000)
• 84 weather monitoring stations installed (target: 100+)

The company expects to complete all remaining improvements by June 1, 2025. These resiliency actions are projected to reduce customer outages by over 125 million minutes annually.