Centerpoint Energy Inc Stock Price, News & Analysis

CenterPoint Energy, Inc. (NYSE: CNP), an investor-owned utility based in Texas, serves over 7 million metered customers across multiple states including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. The company manages $35 billion in assets and employs around 8,900 people, boasting a history exceeding 150 years. The Fourth Quarter 2022 Earnings Conference Call is scheduled for February 17, 2023, at 7:00 a.m. Central time. Interested parties can access the call via the CenterPoint investor webpage. For further details, refer to the official CenterPoint Energy website.

CenterPoint Energy, Inc. (NYSE: CNP) announced a streamlined organizational structure to enhance its long-term growth strategy and succession planning, effective January 3, 2023. Jason Wells has been appointed President and COO, reporting to CEO Dave Lesar. With a focus on operational efficiencies and improved governance, the company aims to strengthen customer service and capitalize on growth opportunities, including six upcoming rate cases. Leadership changes across its electric and natural gas businesses emphasize a unified approach to enhance customer experiences, safety, reliability, and investments in cleaner energy.

CenterPoint Energy, Inc. (NYSE: CNP) announced a quarterly cash dividend of $0.1900 per share on Common Stock, a $0.01 increase from the previous quarter, effective for shareholders of record by February 16, 2023, payable on March 9, 2023. The new dividend reflects a 9% annual growth rate compared to 2022. Additionally, a semiannual cash dividend of $30.6250 on Series A Preferred Stock was declared, payable on March 1, 2023, for shareholders of record by February 15, 2023.

CenterPoint Energy reported Q3 2022 earnings of $0.30 per diluted share (GAAP) and $0.32 (non-GAAP), reflecting a 28% increase in non-GAAP EPS compared to Q3 2021. The company reiterated its 2022 non-GAAP EPS guidance of $1.37-$1.39, projecting 9% growth year-over-year. For 2023, it initiated a guidance range of $1.48-$1.50, indicating 8% growth. CenterPoint also revealed a $2.3B increase in its long-term capital plan, raising it to nearly $43B through 2030 for grid modernization. Additionally, it identified $3B in further capital opportunities.

CenterPoint Energy announced the promotion of Jason P. Wells to President and Chief Operating Officer, effective January 1, 2023. He will continue in his role as Chief Financial Officer until a successor is named. The company is actively searching for a new CFO. The Board emphasized the importance of succession planning, reflecting engagement from shareholders. CEO Dave Lesar expressed confidence in Wells' leadership, citing his industry experience and strategic vision.

On September 29, 2022, CenterPoint Energy, Inc. (NYSE: CNP) announced a quarterly cash dividend of $0.1800 per share. This dividend is payable on December 8, 2022, to shareholders of record by the close of business on November 17, 2022. CenterPoint Energy operates as the only investor-owned electric and gas utility in Texas, serving over 7 million customers across several states. The company maintains approximately $35 billion in assets and has a workforce of around 8,900 employees.

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.