Centerpoint Energy Inc Stock Price, News & Analysis

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.

CenterPoint Energy (CNP) has successfully completed the installation of 400 miles of underground power lines as part of its Greater Houston Resiliency Initiative (GHRI) Phase Two, achieving 100% of its strategic undergrounding goal ahead of the 2025 hurricane season. This milestone contributes to the company's broader objective of having more than 50% of its electric system underground to enhance resiliency.

The critical infrastructure upgrade, completed over eight months, aims to strengthen the system against extreme weather conditions, high winds, falling vegetation, and vehicle collisions. Once all GHRI milestones are achieved, these improvements are expected to reduce customer outages by over 125 million minutes annually, advancing CenterPoint's goal of building the most resilient coastal grid in the country.

CenterPoint Energy (CNP) is intensifying its preparations for the 2025 hurricane season as part of National Hurricane Preparedness Week. The company is implementing significant grid improvements through its Greater Houston Resiliency Initiative (GHRI), including the installation of 25,000 storm-resilient poles, 4,850 automated devices, and clearing vegetation from 4,000 miles of power lines. Additionally, CenterPoint is undergrounding 400 miles of power lines and installing 100 weather stations for real-time monitoring.

Key initiatives include donating 21 backup generators to critical facilities across its 12-county service area, conducting joint emergency response exercises with local officials, and hosting community preparedness events. The company has also enhanced its storm response capabilities with new damage modeling tools and launched an improved bilingual Outage Tracker system.

CenterPoint Energy has launched a groundbreaking initiative in Texas, becoming the first investor-owned utility to establish its own weather station network across Greater Houston. The company is installing 100 weather monitoring stations by June 1, 2025, covering 12 counties in their service territory.

The stations will collect real-time data every 2-5 minutes on humidity, wind speed, temperature, and rainfall. This network is part of the Greater Houston Resiliency Initiative (GHRI), aimed at creating the most resilient coastal grid in the country.

Additional resilience measures include:

• Installing 25,000 storm-resilient poles
• Deploying 4,850 automated reliability devices
• Clearing vegetation near 4,000 miles of power lines
• Undergrounding 400 miles of power lines

These improvements are projected to reduce customer outages by over 125 million minutes annually, enhancing storm preparation and emergency response capabilities.

CenterPoint Energy (NYSE: CNP) has launched cash tender offers for up to $1 billion aggregate purchase price of outstanding notes, split between two separate offers: up to $600 million for CenterPoint Energy Notes and up to $400 million for CERC Notes.

The tender offers target multiple series of senior notes with varying interest rates and maturities. For CERC 2047 Notes, there's a principal amount sublimit of $150 million. Notes tendered by the Early Tender Date (May 8, 2025) will receive the Total Consideration including an Early Tender Payment of $30 per $1,000 principal amount.

The Early Settlement Date is expected to be May 13, 2025, while the Final Settlement Date is set for May 28, 2025. The purpose of these tender offers is to reduce CenterPoint Energy's and CERC's outstanding indebtedness.

CenterPoint Energy (CNP) reported Q1 2025 earnings of $0.45 per diluted share (GAAP) and $0.53 per diluted share (non-GAAP), compared to $0.55 in Q1 2024. The company reiterated its 2025 non-GAAP EPS guidance range of $1.74-$1.76, targeting 8% growth over 2024.

Key highlights include:

• Net income of $297 million for Q1 2025
• Current interconnection queue up ~7GWs since end of 2024
• 10-year capital investment plan increased by $1 billion to $48.5 billion through 2030
• Growth and regulatory recovery contributed $0.03 per share
• Weather and usage were favorable, adding $0.05 per share

Offsetting factors included increased financing costs ($0.04 per share), higher operating and maintenance expense ($0.02 per share), and dilution from 2024 common equity issuances ($0.02 per share).

CenterPoint Energy (NYSE: CNP) has elected two new members to its Board of Directors effective April 16, 2025. Manuel Miranda, a 40-year veteran of NextEra and Florida Power & Light, and Laurie Fitch, senior advisor at PJT Partners, join the board as part of its ongoing refreshment process.

Miranda brings extensive experience in utility operations and grid resilience, having led hurricane preparation and restoration efforts for 47 tropical storms. Fitch contributes significant expertise in global power sector investments and advisory services.

The appointments align with CenterPoint's utility-focused strategy, which includes divesting non-regulated businesses to invest in system resilience, reliability, and safety. The company aims to build the most resilient coastal grid in the country, supporting long-term growth potential for customers and communities.

CenterPoint Energy (NYSE: CNP) has announced its regular quarterly dividend declaration. The company's Board of Directors has approved a cash dividend of $0.2200 per share on its Common Stock. The dividend will be paid on June 12, 2025, to shareholders who are recorded as holders at the close of business on May 15, 2025.

CenterPoint Energy (CNP) has completed approximately 70% of its Greater Houston Resiliency Initiative (GHRI) Phase Two, with all actions expected to be finished before the 2025 hurricane season. In just seven months, the company has achieved significant milestones including:

• 350 miles of targeted power line undergrounding (85% of 400-mile goal)
• Installation of 17,500+ storm-resilient poles
• Clearing of 2,900+ miles of high-risk vegetation
• Deployment of 3,380+ automated reliability devices

The initiative aims to reduce customer outages by more than 125 million minutes annually. Upcoming projects include completing the remaining underground power lines and installing 100 new weather monitoring stations across Greater Houston by June 1, 2025, to enhance storm preparation and situational awareness.