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. reports developments for a multi-state electric and natural gas delivery company serving metered customers in Indiana, Minnesota, Ohio and Texas. The company’s recurring news covers regulated electric transmission and distribution, power generation, natural gas distribution, customer service initiatives and grid resiliency work, including storm-hardening, vegetation management, automation and other reliability-focused infrastructure upgrades.
CenterPoint Energy news also includes quarterly and annual operating results, dividend declarations, debt and convertible-note financing, capital investment plans, shareholder matters and Board governance updates. Company updates frequently connect earnings drivers to regulatory recovery, weather and usage, operating expense, interest expense and investment in system safety, reliability and resilience.
CenterPoint Energy (NYSE: CNP) announced its Integrated Resource Plan (IRP) aimed at transitioning to renewable energy by terminating its coal use by 2027. The plan anticipates customer savings of nearly $80 million compared to continued coal usage and aims to achieve over a 95% reduction in carbon emissions over the next two decades. By 2030, over 80% of electricity will come from wind and solar sources. The IRP involved extensive public input and is scheduled for submission to the Indiana Utility Regulatory Commission by June 1. CenterPoint Energy plans to convert its last coal unit to natural gas, add new renewable resources, and maintain reliable service amid fluctuating demand.
On April 24, 2023, CenterPoint Energy, Inc. (NYSE: CNP) reported the outcomes of its annual shareholder meeting. Key decisions include:
- The election of nine board members, including Wendy Montoya Cloonan and Christopher H. Franklin, for one-year terms.
- The ratification of Deloitte & Touche LLP as the independent auditor for 2023.
- Approval of an advisory resolution on executive compensation rights.
- Future 'say-on-pay' advisory votes on executive compensation will occur annually.
CenterPoint Energy operates as Texas's sole investor-owned electric and gas utility, serving over 7 million customers across six states, with assets totaling approximately $38 billion as of December 31, 2022.
CenterPoint Energy (NYSE: CNP) has declared a regular quarterly cash dividend of $0.1900 per share on its Common Stock. This dividend is payable on June 8, 2023, to shareholders of record by the close of business on May 18, 2023. CenterPoint Energy, based in Texas, serves over 7 million metered customers across multiple states, including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. As of December 31, 2022, the company held approximately $38 billion in assets and has been in operation for over 150 years.
CenterPoint Energy (NYSE: CNP) and Radisson Blu Mall of America, part of Choice Hotels (NYSE: CHH), have launched a pioneering carbon-capture technology, CarbinX, in the first hotel globally to adopt such innovation. This installation, part of CenterPoint Energy's cleaner energy initiative, captures CO2 from natural gas heating, converting it into a non-toxic carbonate powder. The CarbinX unit enhances energy efficiency and is expected to lower energy costs for Radisson Blu. The pilot program includes 10 commercial clients in Minnesota, aiming to promote sustainable energy solutions amidst increasing climate concerns.
CenterPoint Energy and Radisson Blu Mall of America have partnered to install the world’s first CarbinX carbon-capture technology unit at the hotel, aimed at reducing greenhouse gas emissions. This initiative is part of a pilot program for CenterPoint Energy, Minnesota's largest natural gas utility, exploring cleaner energy technologies. The CarbinX unit captures CO2 emissions and converts them into nontoxic pearl ash, which is recyclable and used in various commercial products. The Radisson Blu is also expected to see energy bill reductions through improved efficiency. This technology is a key part of the company's commitment to sustainability.
CenterPoint Energy (NYSE: CNP), a Texas-based electric and gas utility, is set to hold its Q1 2023 earnings conference call on April 27, 2023, at 7:00 a.m. Central time. The company, which serves over 7 million customers across several states, reported assets worth approximately $38 billion as of December 31, 2022. With over 9,400 employees, CenterPoint Energy has been operational for more than 150 years. Investors can listen to the call via the company’s investor page.
CenterPoint Energy (NYSE: CNP) has appointed Christopher Foster as Executive Vice President and Chief Financial Officer, effective May 5. Foster will lead the Finance organization, reporting to CEO Dave Lesar, and will be part of the Executive Committee. His previous experience includes 11 years at PG&E Corporation, where he oversaw significant financial activities and operations, achieving top-decile earnings growth and improved balance sheet health. Lesar praised Foster's leadership qualities and highlighted the positive impact he is expected to bring to CenterPoint's long-term growth strategy.
CenterPoint Energy, Inc. (NYSE: CNP) has scheduled its 2023 Annual Meeting of Shareholders for April 21, 2023, at 9 a.m. CT in Houston, Texas. Shareholders holding shares as of February 24, 2023, will receive notice and be eligible to vote. CenterPoint is Texas's only investor-owned electric and gas utility, providing services to over 7 million customers across multiple states, including Texas, Indiana, and Louisiana. The company holds approximately $38 billion in assets and has been operational for over 150 years.
CenterPoint Energy reported Q4 2022 earnings of $0.19 per diluted share and full-year earnings of $1.59 per diluted share on a GAAP basis. Non-GAAP EPS for Q4 was $0.28, marking a 4% increase from the previous year. The company reiterated its 2023 non-GAAP EPS guidance of $1.48-$1.50, indicating an 8% growth over 2022. In 2022, CenterPoint deployed a record $4.8 billion in capital investments, focusing on customer benefits despite challenges from extreme weather and inflation. Increased regulatory recovery positively impacted earnings, although higher interest expenses posed challenges.
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.