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Centerpoint Energy Inc - CNP STOCK NEWS

Welcome to our dedicated page for Centerpoint Energy news (Ticker: CNP), a resource for investors and traders seeking the latest updates and insights on Centerpoint Energy stock.

About CenterPoint Energy Inc.

CenterPoint Energy Inc. (NYSE: CNP) is a prominent energy delivery company headquartered in Houston, Texas. With over 150 years of operational history, the company is a trusted provider of electric transmission and distribution, natural gas distribution, and energy-related services. Serving more than 7 million metered customers across Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas, CenterPoint Energy plays a critical role in powering homes, businesses, and communities across the United States.

Core Business Operations

CenterPoint Energy’s business model is anchored in regulated utility operations, offering stable and predictable revenue streams. The company’s electric utility division focuses on the transmission and distribution of electricity to customers in key service areas, including Greater Houston, southern Indiana, and west-central Ohio. CenterPoint does not generate electricity but ensures the reliable transportation of power through its robust infrastructure. On the natural gas side, the company operates extensive distribution systems that serve approximately 4 million customers, ensuring safe and efficient energy delivery.

Strategic Initiatives and Infrastructure Investments

CenterPoint Energy is at the forefront of grid modernization and resilience, with significant investments in infrastructure upgrades and technological advancements. Through its Greater Houston Resiliency Initiative (GHRI) and Systemwide Resiliency Plan (SRP), the company is implementing bold actions to strengthen its electric grid against extreme weather events such as hurricanes, winter storms, and wildfires. These initiatives include system hardening, strategic undergrounding of power lines, and the deployment of self-healing grid technologies designed to minimize outages and improve restoration times.

Additionally, CenterPoint has partnered with Technosylva, a global leader in wildfire and extreme weather risk mitigation, to leverage predictive analytics and artificial intelligence. This collaboration enhances the company’s ability to anticipate and address risks to its infrastructure, reinforcing its commitment to proactive energy delivery solutions.

Commitment to Sustainability and Affordability

CenterPoint Energy is deeply committed to sustainability and customer affordability. The company’s investments in renewable energy integration and energy efficiency programs align with industry trends toward a cleaner energy future. At the same time, CenterPoint prioritizes cost-effective solutions, with customer rates for transmission and distribution services remaining relatively flat over the past decade.

Market Position and Competitive Landscape

As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy holds a unique position in the energy market. Its extensive service footprint and focus on infrastructure resilience differentiate it from competitors. The company also owns a significant stake in Enable Midstream Partners, which operates natural gas and crude oil infrastructure assets, further diversifying its business portfolio.

Future Outlook

Looking ahead, CenterPoint Energy aims to solidify its position as a leader in utility resilience and reliability. With plans to invest billions in grid modernization and resiliency initiatives through 2028, the company is well-positioned to meet the growing energy demands of its service areas while addressing the challenges posed by climate change and extreme weather events. Its strategic focus on innovation, collaboration, and customer-centric solutions underscores its commitment to delivering safe, reliable, and sustainable energy for generations to come.

Rhea-AI Summary

CenterPoint Energy, Inc. (CNP) reported a second-quarter 2021 income of $221 million, or $0.37 per diluted share, up from $59 million, or $0.11 per diluted share, in Q2 2020. Non-GAAP earnings were $0.36 per diluted share, driven by utility operations and midstream investments. The company raised its 2021 Utility EPS guidance to $1.25-$1.27, indicating an 8% growth target. CenterPoint invested $1.5 billion in the first half of 2021, expecting to reach $3.4 billion for the year. The company will outline its long-term strategy on September 23, 2021.

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CenterPoint Energy (NYSE: CNP) announced a new independent board governance structure, appointing Martin Nesbitt as the independent chairman. This transition eliminates the Executive Chairman position, with Milton Carroll departing immediately as Executive Chairman and director. Following shareholder feedback, the Board aims to enhance governance while advancing its strategic plan. A multi-year retention agreement was established with CEO Dave Lesar to ensure leadership continuity. The company aims to leverage capital investment opportunities and focuses on exiting midstream investments while pursuing renewable energy growth.

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CenterPoint Energy, Inc. (NYSE: CNP) announced the declaration of dividends for its Common Stock and Preferred Stocks. The quarterly cash dividend for Common Stock is set at $0.1600 per share, payable on September 9, 2021, to shareholders of record by August 19, 2021. For Series A Preferred Stock, a semiannual cash dividend of $30.6250 per share is scheduled for September 1, 2021, with a record date of August 15, 2021. Additionally, the Series B Preferred Stock dividend will be $17.5000 per share, also payable on September 1, 2021.

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CenterPoint Energy (NYSE: CNP) filed an application with the Indiana Utility Regulatory Commission to construct two natural gas combustion turbines for $323 million, replacing coal-fired units. This initiative supports their long-term generation transition plan for cleaner energy. The turbines, with a total output of 460 MW, aim to lower carbon emissions by 75% while saving customers an estimated $320 million over 20 years. Construction is set for late 2022 with operations beginning in 2024, having no immediate impact on residential electric bills.

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CenterPoint Energy, Inc. (NYSE: CNP), a Texas-based utility company, will hold its Second Quarter 2021 Earnings Conference call on August 5, 2021, at 7:00 a.m. Central time. The company serves over 7 million customers across several states, with approximately $36 billion in assets as of March 31, 2021. CenterPoint also holds a 53.7% stake in Enable Midstream Partners, LP, enhancing its natural gas and crude oil infrastructure portfolio. For more details, visit CenterPointEnergy.com.

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CenterPoint Energy has partnered with Energy Federation, Inc. (EFI) to launch an energy-efficient product and rebate program in Indiana. This initiative aims to enhance customer engagement and promote energy savings through an online marketplace offering ENERGY STAR certified products. Customers can receive instant rebates via mobile devices, significantly speeding up the rebate process. EFI will oversee marketing and provide a seamless shopping experience for customers. CenterPoint Energy currently serves over 7 million customers across multiple states, with significant assets valued at approximately $33 billion.

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CenterPoint Energy, Inc. (CNP) reported a significant turnaround in its first quarter 2021 results, posting income of $334 million, or $0.56 per diluted share, compared to a loss of $1,228 million, or $2.44 per diluted share, in Q1 2020. Non-GAAP earnings reached $0.59 per diluted share, supported by strong utility operations. The company reaffirmed its 2021 Utility EPS guidance of $1.24 - $1.26 and is pursuing a 10% compound annual rate base growth backed by a $16 billion capital plan. Additionally, CenterPoint announced a $1.725 billion sale of its Arkansas and Oklahoma gas LDC businesses.

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CenterPoint Energy (NYSE: CNP) has agreed to sell its Arkansas and Oklahoma natural gas LDC assets to Summit Utilities for $2.15 billion in cash. The sale includes a recovery of $425 million in storm-related costs. The net proceeds of $1.725 billion represent a 2.5x multiple of 2020's rate base and a 38.0x multiple of 2020's earnings. This strategic move enables CenterPoint to focus on its growth commitments, targeting annualized utility earnings per share growth of 6%-8% and a 10% compound annual growth rate. The transaction is expected to close by the end of 2021.

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CenterPoint Energy, Inc. (NYSE: CNP) held its 2021 annual meeting on April 23, where shareholders approved key proposals. These included the election of nine board members for one-year terms, the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for 2021, and an advisory resolution regarding the compensation of named executive officers. CenterPoint Energy serves over 7 million customers across several states and owned approximately $33 billion in assets as of December 31, 2020.

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On April 23, 2021, CenterPoint Energy declared dividends for its Common Stock and Series B Mandatory Convertible Preferred Stock. The regular quarterly cash dividend for Common Stock is set at $0.1600 per share, payable on June 10, 2021, to shareholders recorded by May 20, 2021. For its Series B Preferred Stock, a regular dividend of $17.5000 per share is scheduled for payment on June 1, 2021, to shareholders of record as of May 15, 2021. This positions CenterPoint as a stable investment for income-seeking shareholders.

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FAQ

What is the current stock price of Centerpoint Energy (CNP)?

The current stock price of Centerpoint Energy (CNP) is $36.8 as of April 1, 2025.

What is the market cap of Centerpoint Energy (CNP)?

The market cap of Centerpoint Energy (CNP) is approximately 23.2B.

What does CenterPoint Energy Inc. specialize in?

CenterPoint Energy specializes in electric transmission and distribution, natural gas distribution, and energy-related services across six U.S. states.

How does CenterPoint Energy generate revenue?

The company generates revenue through regulated utility operations, including electric transmission and distribution services and natural gas distribution.

What is the Greater Houston Resiliency Initiative (GHRI)?

The GHRI is a multi-phase initiative by CenterPoint Energy to strengthen the electric grid against extreme weather through system hardening, undergrounding, and self-healing technologies.

How does CenterPoint Energy address sustainability?

CenterPoint focuses on renewable energy integration, energy efficiency programs, and infrastructure upgrades to align with sustainability goals while maintaining affordability for customers.

What is CenterPoint’s role in the Texas energy market?

CenterPoint operates as an electric transmission and distribution company in Texas, ensuring reliable energy delivery but not owning power plants or generating electricity.

What technologies does CenterPoint use to enhance grid reliability?

CenterPoint employs self-healing grid technologies, predictive analytics, and AI-driven solutions to improve reliability and minimize outages.

Who are CenterPoint Energy’s primary customers?

The company serves residential, commercial, and industrial customers across Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas.

What differentiates CenterPoint Energy from its competitors?

CenterPoint’s focus on grid resiliency, strategic investments, and partnerships in predictive analytics and AI sets it apart in the energy delivery sector.

How long has CenterPoint Energy been in business?

CenterPoint Energy and its predecessor companies have been in business for more than 150 years, showcasing a long-standing history of expertise in energy delivery.

What are CenterPoint Energy’s long-term goals?

The company aims to lead in utility resilience, reliability, and sustainability by investing in grid modernization and addressing the challenges of extreme weather and growing energy demands.
Centerpoint Energy Inc

NYSE:CNP

CNP Rankings

CNP Stock Data

23.24B
649.89M
0.42%
97.89%
3.88%
Utilities - Regulated Electric
Electric Services
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United States
HOUSTON