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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

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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CenterPoint Energy, Inc. (NYSE: CNP) has announced its 2021 annual meeting of shareholders scheduled for April 23, 2021, at 9 a.m. CDT, to be held in Houston, Texas. Shareholders on record as of the close of business on February 26, 2021, will receive notices and have voting rights. The company serves over 7 million customers across multiple states and has approximately $33 billion in assets. Established for over 150 years, CenterPoint is the only investor-owned utility in Texas.

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CenterPoint Energy Houston Electric has successfully concluded a public offering of $1.1 billion in general mortgage bonds, consisting of $400 million of 2.35% bonds maturing in 2031 and $700 million of 3.35% bonds maturing in 2051. Proceeds will address various financial obligations, including the repayment of existing bonds and capital expenditures. The offering was coordinated by several financial institutions, including BNP PARIBAS and Citigroup. Forward-looking statements indicate potential risks affecting future performance due to economic and regulatory factors.

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CenterPoint Energy, Inc. (NYSE: CNP) is set to hold its First Quarter 2021 Earnings Conference Call on May 6, 2021, at 7:00 a.m. Central time. The company provides electric transmission and distribution, power generation, and natural gas distribution services to over 7 million customers across several states. As of December 31, 2020, CenterPoint owned approximately $33 billion in assets, along with a 53.7% stake in Enable Midstream Partners, LP. The company has a rich operational history spanning more than 150 years.

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CenterPoint Energy Resources Corp. (CERC), a subsidiary of CenterPoint Energy (NYSE: CNP), has successfully closed a $1.7 billion offering of senior notes. This comprises $1 billion in floating rate senior notes and $700 million in 0.70% senior notes, both due in 2023. The net proceeds will be allocated for general corporate purposes, including working capital. J.P. Morgan, MUFG, US Bancorp, and Wells Fargo Securities acted as joint bookrunners for the offering.

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CenterPoint Energy reported fourth quarter 2020 earnings of $0.27 per diluted share, up from $0.25 in Q4 2019. However, full-year 2020 results showed a loss of $949 million, or $1.79 per diluted share, compared to a profit of $674 million in 2019. The decline was influenced by non-cash impairment charges of $1.27 billion. The company secured $1.7 billion in financing to manage liquidity after a damaging winter storm. CenterPoint is raising 2021 Utility EPS guidance to $1.24 - $1.26, emphasizing a shift towards a fully regulated business model.

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CenterPoint Energy (CNP) has announced its intentions to acquire a 300-megawatt solar array in Indiana, seeking regulatory approval from the Indiana Utility Regulatory Commission (IURC). This initiative is a part of its long-term plan for electric generation transition, aiming to add an additional 100 MW through a power purchase agreement. The combined 400 MW solar capacity is projected to reduce operational emissions by 70% by 2035, generating enough power for over 50,000 homes. A decision from the IURC is anticipated in late 2021 or early 2022, with construction potentially creating 250 jobs and contributing $47.8 million to local economies.

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A lawsuit has been filed against ERCOT and CenterPoint Energy (CNP) following the death of a 95-year-old Houston man, Doyle Aron Austin, during a winter storm-related blackout. The lawsuit, initiated by Austin's family, claims the companies neglected infrastructure and failed to prepare for the storm, despite accurate weather predictions. As temperatures plummeted, Austin succumbed to the cold after more than two days without electricity or gas. The lawsuit seeks accountability for the companies' actions during this public health emergency, which disproportionately affected low-income areas.

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CenterPoint Energy, Inc. (NYSE: CNP) has appointed Wendy Montoya Cloonan to its Board of Directors, effective immediately. With over a decade of experience in public finance and law, Wendy recently established her own law firm. She has held significant roles, including Commissioner of the Port of Houston Authority. Executive Chairman Milton Carroll noted Wendy's legal and civic expertise as vital for the company's long-term growth strategy. CenterPoint Energy serves more than 7 million customers across multiple states, boasting assets worth approximately $33 billion.

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FAQ

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

The current stock price of Centerpoint Energy (CNP) is $36.93 as of April 2, 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