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.
CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with regulated electric transmission and distribution, power generation and natural gas distribution operations serving approximately 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As the only investor‑owned electric and gas utility based in Texas, CenterPoint frequently issues news on its utility operations, capital plans, financing activities and corporate governance.
This news page aggregates company‑specific updates such as quarterly and annual earnings announcements, investor update presentations, and details on CenterPoint’s long‑term capital investment plan. Recent communications have included information on a record 10‑year capital investment plan focused on economic growth and system resiliency, as well as updates on demand growth in the Greater Houston area through its Houston Electric business.
Investors and analysts can also find coverage of CenterPoint’s financing and balance sheet actions, including cash tender offers for senior notes and general mortgage bonds, public offerings of junior subordinated notes, and private offerings of convertible senior notes. The company’s press releases further highlight regular quarterly common stock dividend declarations and the use of non‑GAAP financial measures alongside GAAP results in its earnings outlook.
In addition, CenterPoint’s news flow includes items on portfolio optimization, such as the announced sale of its Ohio natural gas local distribution company business to National Fuel Gas Company, and governance developments like amendments to its bylaws and changes to board leadership roles. This page provides a centralized view of these announcements so readers can review CenterPoint’s latest disclosures, strategic initiatives and regulatory communications in one place.
CenterPoint Energy has completed core resiliency actions ahead of schedule as part of its Greater Houston Resiliency Initiative (GHRI). The company announced a bold series of additional resiliency actions, including a proposed $5 billion investment from 2026 to 2028, potentially doubling its prior planned investment. This represents the largest investment in Greater Houston infrastructure in the company's nearly 160-year history.
CenterPoint's plan includes immediate, near-term, and longer-term actions. The company has already completed installing over 300 automation devices, 1,000 stronger poles, and trimming vegetation from more than 2,000 miles of power lines. Near-term actions will focus on further strengthening grid resiliency, improving communications, and strengthening partnerships. The company aims to build the most resilient coastal grid in the country.
CenterPoint also proposed to forego $110 million in profits to address concerns about temporary emergency generation. The company remains committed to customer affordability and will conduct an independent assessment of the benefits and costs of these investments.
CenterPoint Energy's Indiana-based electric utility business, CenterPoint Energy Indiana South, has issued an All-Source Request for Proposals (RFP) to meet the energy needs of its 150,000 electric customers in southwestern Indiana. The RFP seeks generation technologies capable of providing fully accredited capacity by March 1, 2028. Proposals are encouraged for utility-scale solar, wind, storage projects, thermal generation, load-modifying resources, demand-side resources, and other innovative solutions.
Key dates include: RFP issued on August 15, 2024; Notice of Intent due August 28, 2024; Proposals due October 8, 2024. 1898 & Co., a division of Burns & McDonnell, will manage the RFP process. The 2024 RFP aligns with CenterPoint's commitment to maintain a reliable and sustainable energy supply and supports its Integrated Resource Plan (IRP).
CenterPoint Energy (NYSE: CNP) has priced a public offering of 9,754,194 shares of common stock at $25.63 per share, expecting to raise approximately $250 million in gross proceeds. The company plans to use the net proceeds for general corporate purposes, including repaying a portion of outstanding commercial paper. Barclays Capital Inc. and Citigroup are acting as joint book-running managers and underwriters for the offering. The offering is being made through CenterPoint Energy's effective shelf registration statement on Form S-3 filed with the SEC. Prospectus and related documents are available from the SEC's website and the underwriters.
CenterPoint Energy (NYSE: CNP) has announced a public offering of $250 million in common stock.
The proceeds from this offering will be used for general corporate purposes, including the repayment of a portion of outstanding commercial paper, which was initially utilized for general corporate purposes and working capital.
Barclays Capital Inc. and Citigroup are the joint book-running managers and underwriters for this offering. The offering is conducted through CenterPoint Energy’s effective shelf registration statement on Form S-3 previously filed with the SEC.
The offering will be made only via a prospectus and related prospectus supplement compliant with Section 10 of the Securities Act of 1933. Copies can be obtained from the SEC's website or directly from Barclays Capital Inc. and Citigroup. CenterPoint Energy's common stock is listed under the symbol CNP on the New York Stock Exchange and NYSE Chicago.
CenterPoint Energy (NYSE: CNP) reported Q2 2024 earnings and reaffirmed its 2024 guidance. The company earned $228 million (GAAP) and $234 million (non-GAAP), both equating to $0.36 per diluted share. CenterPoint also unveiled its Hurricane Beryl Action Plan, focusing on three key areas: Resiliency Investments, Best-in-Class Customer Communications, and Strengthened Partnerships. The plan aims to improve emergency preparedness, response, and customer communications. Initiatives include accelerating grid hardening, doubling vegetation management crews, launching a new outage tracker, and hiring an emergency response leader.
CenterPoint Energy, the only investor-owned electric and gas utility based in Texas, will host a webcast for its Q2 2024 earnings conference call on July 30, 2024, at 7:00 a.m. Central time (8:00 a.m. Eastern time). The webcast can be accessed through the company's investor relations website. Serving over 7 million metered customers across six states with electric transmission, distribution, power generation, and natural gas operations, CenterPoint Energy manages approximately $40 billion in assets as of March 31, 2024, and employs around 9,000 people. The company has a history spanning more than 150 years.
CenterPoint Energy, Inc. (CNP) reported strong Q1 2024 results with earnings of $0.55 per diluted share on a GAAP basis and a 10% increase in non-GAAP EPS compared to Q1 2023. The company announced the filing of Houston Electric's first Texas System Resiliency Plan with potential capital investment of $500 million. CenterPoint reiterated its 2024 non-GAAP EPS guidance range of $1.61-$1.63, showing 8% growth over 2023 and maintaining a growth target of 6%-8% until 2030.
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