Centerpoint Energy Inc - CNP STOCK NEWS

CenterPoint Energy, Inc. (NYSE: CNP) has announced its upcoming Third Quarter 2022 Earnings Conference Call set for November 1, 2022, at 7:00 a.m. Central Time. The company, a leading energy delivery provider in Texas, serves over 7 million customers across multiple states. With approximately $35 billion in assets as of June 30, 2022, CenterPoint has maintained strong operational performance for over 150 years. Interested investors can access the call through their website.

CenterPoint Energy reported Q2 2022 earnings of $0.28 per diluted share on a GAAP basis and $0.31 on a non-GAAP basis, reflecting an 11% increase from Q2 2021. Full-year 2022 non-GAAP EPS guidance has been raised to $1.37-$1.39, indicating a 9% growth at midpoint compared to 2021. The company emphasizes ongoing capital investments, with ~$2 billion spent so far this year, supporting an average annual customer growth of at least 2% in the Houston area. CenterPoint aims to maintain an annual non-GAAP EPS growth of 8% through 2024 and 6-8% from 2025 to 2030.

CenterPoint Energy (NYSE: CNP) has announced plans to acquire a new 130-megawatt solar array in Pike County, Indiana, pending approval from the Indiana Utility Regulatory Commission (IURC). This initiative is part of the company's Smart Energy Future Plan, which aims to diversify its energy portfolio and meet sustainability goals. The project will contribute nearly 800 MW of solar generation to power customers in southwestern Indiana. Construction is set to start after IURC approval, anticipated in early 2023, and is expected to create 130 construction jobs.

CenterPoint Energy, Inc. (NYSE: CNP) announced a quarterly cash dividend of $0.1800 per share on its Common Stock, an increase of $0.01 over the previous quarter, reflecting an 8% annual growth compared to 2021. This dividend is payable on September 8, 2022 to shareholders of record by August 18, 2022. Additionally, a semiannual dividend of $30.6250 per share on Series A Preferred Stock is set for payment on September 1, 2022.

CenterPoint Energy, Inc. (NYSE: CNP) has completed a significant restructuring to enhance its corporate structure post-acquisition of Vectren Corporation in 2019. The transaction included a $302 million exchange of Vectren Utility Holdings private placement notes for new notes issued by CenterPoint Energy Resources Corp. This consolidation allows for more efficient financing of natural gas distribution and is expected to yield long-term savings for customers. Additionally, the restructuring facilitates Southern Indiana Gas and Electric Company’s ability to securitize coal facility retirement costs, potentially reducing expenses by up to $60 million.

On August 2, 2022, CenterPoint Energy, Inc. (NYSE: CNP) will hold its second quarter earnings conference call at 7:00 a.m. CT. The company, serving over 7 million customers across several states, reported asset ownership of approximately $35 billion as of March 31, 2022.

CenterPoint Energy is the only investor-owned electric and gas utility based in Texas, with a rich history spanning over 150 years. The conference call can be accessed online via the company's investor relations page for detailed insights into their financial performance.

CenterPoint Energy (NYSE: CNP) has received approval from the Indiana Utility Regulatory Commission to construct two natural gas combustion turbines (CTs), a significant move in its generation transition plan. The $334 million project aims to provide 460 megawatts of output, replacing coal-fired generation and enhancing renewable energy use. This shift is projected to save customers $320 million over 20 years. Additionally, the company is seeking securitization for A.B. Brown assets, which could yield $60 million in savings. Customer electric bills are not expected to rise immediately.

CenterPoint Energy (NYSE: CNP) has launched a green hydrogen project in Minneapolis, becoming one of the first U.S. utilities to incorporate zero-carbon hydrogen into its natural gas supply. The project utilizes renewable electricity to produce hydrogen from water, which is then blended with natural gas at low concentrations. This pilot aims to generate operational insights while reducing carbon emissions by approximately 1,200 tons annually. CenterPoint Energy, Minnesota's largest gas utility, serves around 900,000 customers and plans further investments in clean energy under the Natural Gas Innovation Act.

CenterPoint Energy (NYSE: CNP) announced a new all-source request for proposals (RFP) to enhance its electric utility operations in Indiana, targeting resources such as renewables (wind, solar, and battery storage), thermal options, and short-term capacity. This RFP aims to identify generation technologies to meet the needs of its 150,000 customers by March 1, 2027. The company will also conduct a 2022 Integrated Resource Plan to analyze the optimal generation mix for the next 20 years. The initiative reflects a commitment to providing safe, reliable, and cost-effective electric service.