Centerpoint Energy Inc - CNP STOCK NEWS

CenterPoint Energy (NYSE: CNP), a Texas-based electric and gas utility, is set to hold its Q1 2023 earnings conference call on April 27, 2023, at 7:00 a.m. Central time. The company, which serves over 7 million customers across several states, reported assets worth approximately $38 billion as of December 31, 2022. With over 9,400 employees, CenterPoint Energy has been operational for more than 150 years. Investors can listen to the call via the company’s investor page.

CenterPoint Energy (NYSE: CNP) has appointed Christopher Foster as Executive Vice President and Chief Financial Officer, effective May 5. Foster will lead the Finance organization, reporting to CEO Dave Lesar, and will be part of the Executive Committee. His previous experience includes 11 years at PG&E Corporation, where he oversaw significant financial activities and operations, achieving top-decile earnings growth and improved balance sheet health. Lesar praised Foster's leadership qualities and highlighted the positive impact he is expected to bring to CenterPoint's long-term growth strategy.

CenterPoint Energy, Inc. (NYSE: CNP) has scheduled its 2023 Annual Meeting of Shareholders for April 21, 2023, at 9 a.m. CT in Houston, Texas. Shareholders holding shares as of February 24, 2023, will receive notice and be eligible to vote. CenterPoint is Texas's only investor-owned electric and gas utility, providing services to over 7 million customers across multiple states, including Texas, Indiana, and Louisiana. The company holds approximately $38 billion in assets and has been operational for over 150 years.

CenterPoint Energy reported Q4 2022 earnings of $0.19 per diluted share and full-year earnings of $1.59 per diluted share on a GAAP basis. Non-GAAP EPS for Q4 was $0.28, marking a 4% increase from the previous year. The company reiterated its 2023 non-GAAP EPS guidance of $1.48-$1.50, indicating an 8% growth over 2022. In 2022, CenterPoint deployed a record $4.8 billion in capital investments, focusing on customer benefits despite challenges from extreme weather and inflation. Increased regulatory recovery positively impacted earnings, although higher interest expenses posed challenges.

CenterPoint Energy, Inc. (NYSE: CNP), an investor-owned utility based in Texas, serves over 7 million metered customers across multiple states including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. The company manages $35 billion in assets and employs around 8,900 people, boasting a history exceeding 150 years. The Fourth Quarter 2022 Earnings Conference Call is scheduled for February 17, 2023, at 7:00 a.m. Central time. Interested parties can access the call via the CenterPoint investor webpage. For further details, refer to the official CenterPoint Energy website.

CenterPoint Energy, Inc. (NYSE: CNP) announced a streamlined organizational structure to enhance its long-term growth strategy and succession planning, effective January 3, 2023. Jason Wells has been appointed President and COO, reporting to CEO Dave Lesar. With a focus on operational efficiencies and improved governance, the company aims to strengthen customer service and capitalize on growth opportunities, including six upcoming rate cases. Leadership changes across its electric and natural gas businesses emphasize a unified approach to enhance customer experiences, safety, reliability, and investments in cleaner energy.

CenterPoint Energy, Inc. (NYSE: CNP) announced a quarterly cash dividend of $0.1900 per share on Common Stock, a $0.01 increase from the previous quarter, effective for shareholders of record by February 16, 2023, payable on March 9, 2023. The new dividend reflects a 9% annual growth rate compared to 2022. Additionally, a semiannual cash dividend of $30.6250 on Series A Preferred Stock was declared, payable on March 1, 2023, for shareholders of record by February 15, 2023.

CenterPoint Energy reported Q3 2022 earnings of $0.30 per diluted share (GAAP) and $0.32 (non-GAAP), reflecting a 28% increase in non-GAAP EPS compared to Q3 2021. The company reiterated its 2022 non-GAAP EPS guidance of $1.37-$1.39, projecting 9% growth year-over-year. For 2023, it initiated a guidance range of $1.48-$1.50, indicating 8% growth. CenterPoint also revealed a $2.3B increase in its long-term capital plan, raising it to nearly $43B through 2030 for grid modernization. Additionally, it identified $3B in further capital opportunities.

CenterPoint Energy announced the promotion of Jason P. Wells to President and Chief Operating Officer, effective January 1, 2023. He will continue in his role as Chief Financial Officer until a successor is named. The company is actively searching for a new CFO. The Board emphasized the importance of succession planning, reflecting engagement from shareholders. CEO Dave Lesar expressed confidence in Wells' leadership, citing his industry experience and strategic vision.